Ms Dalal doesnt seem to like this company one bit. There is a slew of bad press targeted against Mr Akula in her publication.

Originally posted by TCSer Originally posted by aloksahi1971 Ms Dalal doesnt seem to like this company one bit. There is a slew of bad press targeted against Mr Akula in her publication. As Far as SKS goes if things go this way the poor people whose life was sought to be changed through these microfinace will be the ultimate sufferers. It is realy sad that people are rooting against the high intrest rate and other vagaries they do not focus on the fact that at least CAPITAL is being provided which belive me as I am from a rural back ground is a very scarse commodity. Cost of loan processing and collection of EMI is a very capital intensive work.In case the Govt wants to regulate why has the PSU banking system failed the nation.Many entreprenurs might be reading this and might want to relate the horrid experience in taking a loan.   Do you know who will be the biggest sufferers if MFI industry come to halt thanks to GREAT POLITICIANS OF INDIA.Huge amount of NPAs will be created if an urgent action is not taken .Almost all our PSB s & pvt sector banks like ICICI & HDFC will be saddled with huge losses as they were merrily piggy banking on MFI shoulders to achieve their target of disbursal towards lower class.As always CPI ,Congress & TDP Zindababd. Remember farm loan waivers.

I think Vikram Akula is Solely responsible for this mess in which SKS finds itself now. I don't Understand the Logic of Firing a CEO who has done all the groundwork in last 2 years while Mr Akula was busy fighting his divorce case.Till Now SKS has not given any specific reason for CEO's exit. Top management leaving/getting Fired one month after IPO will certainly cause Panic in Investor Community

Vikram Akula is a bad man because he fired his CEO. Where was this CEO  when the company was being incubated and all the hard work being done. I recoment you to read' Pepsi To Apple". This narates the story of sacking of Steve Jobs the founder of Apple.But ultimately the visionary Me Jobs had to come back and rescue Apple.

Originally posted by aloksahi1971 Vikram Akula is a bad man because he fired his CEO. Where was this CEO  when the company was being incubated and all the hard work being done. I recoment you to read' Pepsi To Apple". This narates the story of sacking of Steve Jobs the founder of Apple.But ultimately the visionary Me Jobs had to come back and rescue Apple. The vision of Mr Akula may have been different from that of the CEO. I have fait in the micro Finance sector which is one of the very productive and inclusive ventures by companies.We amy argue about the profit motive. But then is profit not the motive in any sector. Medicine ----- Saves Lives  ----  Biocon ( runs on a profit motive) Also if Mr Gurnani was such an upright non profit seeking do gooder he could have refused the fantasticaly high compensation being offered to him. It would be uterly stupid to think that a compensation to be given to Mr Gurnani would not have come from the pockets of the poor MFI clients.

I never Intended to Say that Mr Akula is a Bad Man. I was only Questioning his Lack of Sense of responsibilty in firing his CEO only one month after SKS was listed publicly. Now Since SKS is Publicly Listed Vikram Akula Needs to broaden his Vision and needs to Include Poor Investors Interest also in Consideration.This also doesnot means that Gurmani was a Great CEO it means that he should have been fired before Listing.why it was not done ? because then investor response would not have been Great.Akula had the Common sense to keep everything under wrap till listing why?Gives a general Impression that Management doesnot Cares for Investor's Interest.This all Political Issue of MFI taking advantage of Poors has come into limelight because of this event only.As Gurmani was fired without giving any reason it gave Ammunition to SEBI which in turns helped media to raise the issues of CEO's Pays and gave chance to our Crooked politicians to raise Issues Against MFIs.Where were these Politicians from last 13 years when SKS was giving Loans?