Friday, 11 March 2016

Who Killed Kingfisher? (A different take)

(Source: Nanjunda Pratap Palecanda)

Who Killed Kingfisher ?

Everybody, most of my learned friends want Vijay Mallya arrested. They say he had fun at the cost of Public Money, he should be punished. They say he is a fraud, he lives a rich  and Luxurious life, while not paying salaries to his staff and not paying his lenders and vendors.
Who killed King Fisher Airlines? Have you given a thought? As a citizen of India you should know. As an entrepreneur you should definitely know this. I am sharing below a sequence of media reports from the days of the fall of KingFisher Airlines began. I hope to construct the sequence right, so that you can understand how it was killed. and by whom.. A little, backdrop would be, if you recall, or perhaps can google to verify my statement, Most Airlines across the world were doing bad those days. Many were in the verge of collapse. 

You may note Jet Airways stocks had plunged around the same time in Jan 2012..

 
You May notice, Kingfisher was doing better than Jet Airways.

Kingfisher  desperately had to infuse funds and this was the best thing Vijay Mallya and his team could have done. 
 
 It was very well placed,
But what went wrong? 

It appeared to be a done deal,
what went wrong?
Not just me, everybody seem to think / say so.. then..
It was obviously not similar thoughts towards Jet Airways.. then.. what went wrong?
 Same SBI had hopes on Kingfisher Airlines..
then..

This is the beginning..
  
 Government agency thinks contrary to Market and Banks... why?
Kingfisher Airlines team does, what any serious enterprise does..

 Why is Kingfisher targeted, while all Indian Airlines were in similar situation then?

Why stop an Airlines from flying? 
How will an enterprise pay salaries, when agency meant to support the player is keeping it away from raising funds..
Does this help you understand better, what happened?

Its important to understand the share holder details of Jet, particularly, foriegn and Indian Share holders.
Please note Naresh Goyal is not an Indian National.
Note the percentage of General Public & Foriegn promoters as share holders in Kingfisher 

Note the general public in Jet Airways and also  foreign promoters 
 
Etihad was still interested in Kingfisher and not Jet Airways..
 
Kingfisher tried things Legally, but what was at play??

Why every possible government machinery tried to scutle Kingfisher Airlines?

Is this the final nail..??

Etihad comes around and agrees to go with Jet Airways.. 
Anad Sharma was the Commerce Minister..

Then met Finance Minister.. 
Why, all this to help a company held by majority of  foreign promoters?

Why was Indian Government stretching to do this for Jet Airways, while Squeezing Kingfisher Airlines?

This was perhaps the last nail but we know, what else is happening with the (Once) King of Good times..
Who killed Kingfisher Airlines? Who got Vijay Malaya to this state? Who were the beneficiaries? Can an Indian Entrepreneur dare to do things in his own Country again? Will Indian government support her/him, or lead to what happened to Kingfisher Airlines and Vijay Mallya?
I have never had Kingfisher Airlines or any of Vijay Mallya's company shares. I have neither been his Associate nor employee. I am writing this to share with my learned friends, this is the truth I saw. I feel bad for Kingfisher Airlines and Vijay Mallya as an entrepreneur. I don't want such a thing to happen to any entrepreneur.
DISCLAIMER: This post is not an endorsement of the article published by Najunda Pratap Palecanda but as a different take we found it post-worthy.

24 comments:

  1. What a hidden conspiracy. I hope your report reaches right person in current government.

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  2. Excellent ..hope this reach to right places .I have a query on Richa Industries , you still maintain buy view on Richa ? The company declared good q3 numbers and guidance revenue for FY17 is 550 crores .. still it is trading below 30 .. please let me know your latest view

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    1. I maintain the buying and await re-rating by the market :)

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    2. Richa industries is one of the best company to invest in at cmp....thanks a ton to introduce such a wonderful stock to all of us...

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  3. Its an eye opener , Indian Media is only showing one side of the story

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  4. Since when Naresh Goyal became a foreign national?

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    1. Google a bit, Naresh Goyal is a British Resident.

      Back in 2002 Jet Airways was in news for the wrong reasons, check this link: http://www.outlookindia.com/magazine/story/the-last-jet-engine-sigh/215387

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    2. well ... there is a difference between a resident and a national

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  5. Any interesting article but perhaps vijay mallya was in olved in this kind of dodgy tactics in many of his business deals well before it him back.what goes around comes around. lol

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  6. nice article............... thanks

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  7. its true the right facts of kingfisher grounding, its to the people of India to understand the facts that who is the real culprit its mallya or ------ let people judge

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  8. Excellent research bhai... Fate of an Indian in India..

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  9. Sir u have entered part 2 of the story very conveniently forgetting pat 1. How did kingfisher get the loans at the 1 St place by pledging it's brand name. Why r u hiding that?

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  10. I cannot completely agree with you. There could be games by Jet Airways & Central!

    But, as a business man - he should consider economic factors too. It is clear that he dodged there & went with loans in a behind the door manner & joined with congress & irresponsible in paying back the loan.

    See how irresponsible he is & RBI Governor too commented on Mallya bad!
    http://www.mensxp.com/work-life/get-better-at-finance/29223-rbi-governor-raghuram-rajan-lashes-out-at-vijay-mallya-for-throwing-lavish-parties-despite-owing-crores-to-banks.html

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  11. Don't be surprised if some tapes come out, Some more cospiracy theories blossom . When an elephant is dying... hyenas do party. It's sad to see an india origin airline being grounded due to personal interests.

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  12. Sir... When is your next pick? We are eagerly waiting for it.

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  13. Its all a game played by congi and VM...sonia and Rahul might have played a part definitely in this scam. Even former FM PC too.

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  14. Your last pick ASSOCIATED ALCOHOL is rocking.... After bonus issue it will reach to 200 in few months...

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  15. really? .. what's this? more public knowledge?
    https://en.wikipedia.org/wiki/Naresh_Goyal

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  16. when your new multibegger ??? closly waiting

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