Their search for distributors in HoReCa is still on i think…

Pls include me. ksrjapan@gmail.com

@PraveenKG

Company had a distributor for Saudi arabia but there was a fallout as the distributor was demanding credit which was against company policy so after due diligence krbl has found a new distributor for Saudi and i beleive the sales have already begun (15th aug )
Source : Q1 FY24 Earnings call

The LiDAR technology of Genesys will help Rail Safety.

Major reason for derailments was due o maintenance of tracks, 1.5 lac railway workers do manual track checking and now it can be LIDAR Driven.

As per available information on media Company has done 3000 km of rail corridor mapping.

Huge business opportunities for balance railway track mapping.

Excellent presentation on Wealth Management industry by Mr. Yashodhan Nerurkar from PPFAS. Here is the link.

Few key insights:

• For a wealth management business, cost to acquire a customer is probably one of the highest expenses after employee cost
• To cater to lower end of customers by spending minimum cost, global and Indian wealth management companies are investing in technology. Hence technology spend is probably going to be higher for a few years.
  (Note to self: Think what may happen when technology spends are complete. When can it happen?)
• Advantage to Bank Wealth Managers:
  • A client who has bank account with a bank, the data is available readily
  • Getting a meeting with client and pitching for wealth management business is not very hard
  • Lending against AUM is easier for a bank since they have the know-how in lending and recovering
• Advantage to Boutique Wealth Managers:
  • The RM (relationship manager) develops trust with a client
  • If a particular RM leaves due to attrition, the client may not feel comfortable with new RM immediately
  • Few (not all) boutique wealth management firms are co-owned by the RMs. Hence attrition could be low and a long-lasting relationship with client may be forged.