HT Image
HT Image

5-point someone

Mahesh also decided he wanted to leave a legacy behind, so he dissolved the partnership and introducing a corporate structure was the only way out.
By HT Correspondent | Hindustan Times
UPDATED ON JUL 15, 2008 02:57 AM IST

Got the idea from:
When his accountant - who was also a friend - died, Mahesh Shetty went into shock. He realised his operations should not depend so heavily on an individual. He also decided he wanted to leave a legacy behind, so he dissolved the partnership and introducing a corporate structure was the only way out.

Starting doubts:
He knew that convincing twelve of his business partners to corporatise the operation would be a huge challenge, since the profit-sharing arrangements would change. Eventually three of them quit, but Shetty pressed ahead.

Money problems:
No one wanted to invest in a coaching class. Shetty was literally booted out of a bank when he went there to ask for a loan. Venture funds also stayed away.

Other obstacles:
The industry has a high attrition rate, so Shetty tries to counter this by paying well and offering performance-based incentives.

Outstanding personal qualities:
Appetite for risk: Shetty knew that corporatisation would dent profits at first. But he also knew it was the cost of developing up a brand.
People-centric: Shetty pays his staff well. As a result, many teachers have been at Mahesh for much of the past 12 years. He gives section heads a free hand.
Ambitious: Shetty aimed high from the start. At every stage, despite obstacles, he was not willing to settle for less than what he had first set out to do.

SHARE THIS ARTICLE ON
app
Close
BJP's Shahnawaz Hussain (left) will replace Sushil Modi in the legislative council after the latter's election to the Rajya Sabha while VIP chief Mukesh Sahni (right) will replace Vinod Narayan Jha who had won the assembly election.(HT PHOTO)
BJP's Shahnawaz Hussain (left) will replace Sushil Modi in the legislative council after the latter's election to the Rajya Sabha while VIP chief Mukesh Sahni (right) will replace Vinod Narayan Jha who had won the assembly election.(HT PHOTO)

Shahnawaz Hussain, Mukesh Sahni set to become Bihar MLCs unopposed

PUBLISHED ON JAN 18, 2021 05:00 PM IST
  • No other person has filed nomination against Shahnawaz Hussain and Mukesh Sani in view of the obvious majority of the National Democratic Alliance in the state legislature
Close
A teacher takes a class in a Delhi school. Schools in the national capital reopened for students of classes 10 and 12 on Monday. (PTI)
A teacher takes a class in a Delhi school. Schools in the national capital reopened for students of classes 10 and 12 on Monday. (PTI)

Scale down deployment of teachers on Covid-19 duty: Delhi dy CM Manish Sisodia

UPDATED ON JAN 18, 2021 04:54 PM IST
As schools in the Capital reopened, several principals had expressed concerns of managing classes as teachers remained deployed on Covid-19 duty
Close
Bharatiya Janata Party leader Ram Kadam and supporters blackening the face of actors of Amazon Web Series Tandava's poster during a protest in Mumbai.(ANI Photo)
Bharatiya Janata Party leader Ram Kadam and supporters blackening the face of actors of Amazon Web Series Tandava's poster during a protest in Mumbai.(ANI Photo)

News updates from Hindustan Times: FIR against makers of web series Tandav

By hindustantimes.com
PUBLISHED ON JAN 18, 2021 04:52 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times
Close
Many lawyers practicing in district courts welcomed the decision and said that it will heal the lawyers of trial court who had suffered financially due to limited hearing in the courts.(HT archive)
Many lawyers practicing in district courts welcomed the decision and said that it will heal the lawyers of trial court who had suffered financially due to limited hearing in the courts.(HT archive)

Physical hearing on alternate basis resumes in Delhi district courts

ANI
PUBLISHED ON JAN 18, 2021 04:51 PM IST
The subordinate Courts have also been permitted to record evidence (except in those cases where the accused is in custody) while scrupulously adhering to the norms of social distancing when holding Courts physically.
Close
Arrested computer hacker and cyber criminal with handcuffs, close up of hands (Getty Images/iStockphoto)
Arrested computer hacker and cyber criminal with handcuffs, close up of hands (Getty Images/iStockphoto)

Man arrested for running fictitious firms to aid businesses evade GST: Officials

PTI, New Delhi
PUBLISHED ON JAN 18, 2021 04:47 PM IST
Investigation conducted so far has revealed 46 firms to be fictitious which were being controlled by Kumar and his associate.
Close
Taking note of the submission, the court disposed of the petition as not pressed.(HT File Photo)
Taking note of the submission, the court disposed of the petition as not pressed.(HT File Photo)

Amitabh Bachchan voice removed from Covid-19 awareness caller tune: HC told

PTI, New Delhi
PUBLISHED ON JAN 18, 2021 04:39 PM IST
The submission was made before a bench of Chief Justice D N Patel and Justice Jyoti Singh by the petitioner who said that with the removal of the actor's voice from the caller tune his plea has become infructuous.
Close
Tandav has a big star cast with actor Saif Ali Khan playing one of the lead roles. (File photo)
Tandav has a big star cast with actor Saif Ali Khan playing one of the lead roles. (File photo)

FIR registered in UP against makers of web series ‘Tandav’

By HT Correspondents | Edited by Smriti Sinha
UPDATED ON JAN 18, 2021 04:41 PM IST
A case has also been registered against the producer of web series ‘Mirzapur’ and Amazon Prime for hurting religious sentiments and social beliefs in Mirzapur district of eastern UP
Close
Rashtriya Swayamsevak Sangh (RSS) volunteers perform a salute towards the RSS flag. (Representational photo/HT)
Rashtriya Swayamsevak Sangh (RSS) volunteers perform a salute towards the RSS flag. (Representational photo/HT)

RSS decision-making body to hold annual meet in Bengaluru

PUBLISHED ON JAN 18, 2021 04:13 PM IST
The annual meeting, which will have in attendance the RSS brass and leaders of its 40-plus affiliates including the Bharatiya Janata Party president, was cancelled last year on account of the pandemic
Close
Union minister Nitin Gadkari interacts with media after a meeting on the ongoing projects in Maharashtra, in Mumbai, (PTI)
Union minister Nitin Gadkari interacts with media after a meeting on the ongoing projects in Maharashtra, in Mumbai, (PTI)

Before 2025, we aim to bring down road accidents by 50%: Nitin Gadkari

ANI
PUBLISHED ON JAN 18, 2021 04:12 PM IST
Highlighlight the achievements of the Ministry, he said, "We have achieved the target of constructing 30 kilometres of road per day. I believe that by the end of March, perhaps we will achieve the target of constructing 40 kilometres of road per day."
Close
Police said that the family has not filed any case yet.(HT representative photo )
Police said that the family has not filed any case yet.(HT representative photo )

16-year-old girl's body with throat slit found in Rajasthan's Barmer

PUBLISHED ON JAN 18, 2021 04:10 PM IST
Family members and locals have alleged that the minor was raped, but police said it could be confirmed only after the post-mortem.
Close
Shyam Saran Negi, believed to be India's oldest voter at 103 years of age, shows his inked finger after casting vote for Panchayat elections, at Kalpa in Kinnaur.(PTI)
Shyam Saran Negi, believed to be India's oldest voter at 103 years of age, shows his inked finger after casting vote for Panchayat elections, at Kalpa in Kinnaur.(PTI)

India's first voter, ex-school teacher: Shyam Saran Negi has never missed an ele

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON JAN 18, 2021 04:07 PM IST
Negi has voted in every general election since 1951 and is believed to be India's oldest voter.
Close
Representational image. (Getty Images/iStockphoto)
Representational image. (Getty Images/iStockphoto)

Uttarakhand: Man arrested for drowning two children in a canal

PUBLISHED ON JAN 18, 2021 04:03 PM IST
The man, who started living with a woman and her two children after her husband died two years ago, told police that he thought of the children, aged 6 and 7, as “obstacles”
Close
Women supporting the farmers' agitation reach Rohtak toll plaza on Rohtak-Delhi road, in Haryana on January 17. (Manoj Dhaka/Hindustan Times)
Women supporting the farmers' agitation reach Rohtak toll plaza on Rohtak-Delhi road, in Haryana on January 17. (Manoj Dhaka/Hindustan Times)

SC tells Delhi Police to decide on farmers’ Jan 26 tractor rally

By Abraham Thomas
UPDATED ON JAN 18, 2021 04:27 PM IST
The apex court said the decision should be taken by the Delhi Police as the entry of farmers into the national Capital was a law and order problem
Close
The Bombay high court.
The Bombay high court.

Malicious reporting on SSR case: HC directs digital media to follow press council rules

By K A Y Dodhiya
PUBLISHED ON JAN 18, 2021 03:47 PM IST
The court also accepted a suggestion of the petitioners that Mumbai Police should appoint an officer to act as a link between the media and investigators and conduct weekly briefings
Close
West Bengal chief minister Mamata Banerjee. (PTI)
West Bengal chief minister Mamata Banerjee. (PTI)

West Bengal assembly election: Mamata Banerjee to contest from Nandigram

UPDATED ON JAN 18, 2021 03:44 PM IST
TMC MLA from Nandigram and former minister Suvendu Adhikari shifted to the Bharatiya Janata Party on December 19, 2020
Close
SHARE
Story Saved
OPEN APP