LIKE FOR MANY executives across the world, the Lehman moment in 2008 was a big wake up call for Bharat K. Sheth. "We were always conservative as a company. Lehman taught us we were not conservative enough for Black Swan events and that was a huge learning," says the Deputy Chairman & Managing Director of The Great Eastern Shipping Co. Ltd.
It was time to get back to the basics, and that meant revisiting the risk model. From a fundamental point of view, it was about defining risk and how to prepare for the unexpected. "Shipping is a very capex-intensive business, and everything hinges on capital allocation. The question is: What is the leverage within which you are willing to play the game," explains Sheth.
A decision to cut back on debt was taken. Interestingly, the company was in very good shape (it had a triple A rating), and this was done proactively. There was a committed capex of $1.6 billion, but banks were understandably nervous, and funding could have become a challenge.
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Esta historia es de la edición March 17, 2024 de Business Today India.
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DE-RISKING THE BOOKS
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PAYING FOR CHANGE
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BEYOND THE BLIP
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BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
RESULT AND REPERCUSSIONS
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D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
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FROM GREY TO GREEN
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ECO CHAMBER
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