@Lynchfan,

Out of 10 entity who got license, is any one of them a listed player ? or just microfinance NBFC ?

Thanks

Hi Varun,

Since you have entered in Atul Auto and looking at tata Motors Could I request you to look at Force Motors and provide your Views.

I owned this stock for brief period in the recent run up and than sold it on its way down for small profit only.

The Reason of selling was

Just came across an old news article about their management purchasing an aircraft for their plant visits in Indore from Pune.

In their AR they themselves did not sound to optimistic except their Force Traveller

In their AR they had no mention of the Engine manufacturing for BMW and Merc.

The reason for taking a position was

Their Force Traveller is present all over Gurgaon
Now even Force Trax is being visible in various parts of Gurgaon
The News that they would be producing engines for Merc and BMW.(They also produces axles for
these luxury cars)
Promoter have increased their stake in last one year.

At one point of time I was invested in both Atul Auto and Force Motors but to me 3 wheeler Market over all is slowing down however the trend of Using Force traveller as shuttle and Cabs in IT and other Service industries is growing so I was biased towards this.

Regards,
Kapil

Here's another alleged swindler - R Subramanian of Subhiksha fame - arrested in a different capacity.

His namesake - Sundaresha Subramanian has a nice report here - Viswapriya case. R Subramanian had luminaries on the Board - R Narayanan, former chairman of Life Insurance Corporation; Raghavan, Retd chairman, Indian Bank, Rajaratnam, Retd Commissioner, Appellate Tribunal, High Court of Madras.This was the case in Satyam (prior to fraud disclosure) as well - the Board among other great greats was one Mr Krishna Palepu - a Professor at Harvard.

Mr Palepu's CV on his Harvard wall then read as follows:

"Professor Palepu's work focuses on how to make corporate boards more effective, and on improving corporate disclosure. Professor Palepu teaches these topics in several HBS executive educationprograms aimed at members of corporate boards: "Making Corporate Boards More Effective," "Audit Committees in a New Era of Governance," and "Compensation Committees: New Challenges, New Solutions." He also co-led Harvard Business School's Corporate Governance, Leadership, and Values initiative, launched in response to the recent wave of corporate scandals and governance failures." (Italics mine)

I wrote an email to him but quite expectedly got no response! It was sheer irony of the highest order that a Professor of Corporate Governance be sitting on the Board of the largest fraud firm, and in the Audit Committee

Warm regards,

Arun - Tata Motors has a great history. JLR is a recent addition to their business. It has a wealth creating chart and has made several investors who are holding it for decades quite wealthy. Even with Zero sales in China the stock is a clear buy. The big structural change and disruption acc to me is not wrt China now but shift in future to driver less cars for all premium car makers. That's a bigger threat than a small issue like China.