00:00I just think that I was very difficult to say, but if I think where started this business,
00:10I don't have to be able to spend anything with my business.
00:16My business and business, I had to go to my place in Lakhnoo.
00:21In Lakhnoo, there wasn't a business.
00:23I don't have any place at all, and I don't have any place at all.
00:28My mother and father are both professors, so I didn't have any interest at all.
00:36When I reached IIM, I was 19 years old, I didn't know what was going on.
00:44I didn't know what was going on.
00:48I started working there.
00:52After the MBA, I joined the city bank in investment banking and corporate side.
00:59I felt that I had to do something else.
01:02I was very happy to learn.
01:05I was very happy to learn.
01:12I was very happy to learn.
01:15I was very happy to learn how to learn.
01:23I was very happy to learn how to learn.
01:26After that, Dr. Manmohan Singh's budget came.
01:32After that, they opened the market.
01:35Foreign institutions allowed to invest in India.
01:39Before that, foreigners couldn't invest in India.
01:43It was a trigger that now the market will be professional.
01:48Before that, there were other brokers.
01:51There were other stock exchanges.
01:53There were other brokers.
01:55There was no equity research.
01:58There was no course here.
02:01There was no course in India.
02:02There was no career in India.
02:06There was no national stock exchange.
02:09There was no SEBI.
02:10There were only 20 stock exchanges.
02:13The whole country was different.
02:15Like Delhi Stock Exchange, Madras Stock Exchange, Cochin Stock Exchange,
02:19Cochin Stock Exchange.
02:20And Bombay Stock Exchange was the biggest.
02:22So, they said that we would have 71 professionals to give a card.
02:29They would give 55,000,000.
02:30Now, 55,000,000 was a very big amount.
02:32But at that time, Bombay Stock Exchange membership
02:34was 2 crores of the market.
02:37So, it was a very small business.
02:38People said, apply too.
02:39Don't do it.
02:40Don't do it.
02:41It was a broker.
02:43They would give a brother to their brother.
02:44Why would they give you?
02:46They would give you.
02:46Because the only thing in Bombay Stock Exchange
02:48had gone by the other side.
02:49They were simply hit by the people in the extra.
02:52They are not in your family.
02:55You are in the same way.
02:56You are not in Bombay.
02:57You don't have to get on the top.
03:00So, you don't have to get on the top.
03:01But I told them that apply.
03:03You can see that they have been a long story.
03:05It had been a long story.
03:11I am a gold medal, I got two extra marks, and I got cut off on my own.
03:17So my journey started.
03:21In the 90s, I had to deal with institutional brokers and foreign institutions.
03:27In the 90s, I had to deal with a global company in the 90s.
03:32I will not have thought about it.
03:35I have never thought that this company could become a global company.
03:43RBI has no category.
03:45After that, the next transition was the asset management side.
03:50Now, fund managers, you can understand my entrepreneurial journey.
03:55In the past 20 years, we were telling institutions what should we do.
04:03And then, they started managing the money themselves.
04:06First, it started global.
04:08Then, it did not.
