A few days ago, I was reading an analysis report on Kotak Mahindra Bank by Jana Vembu. It explains how KMB emerged as a survivor by providing its banking services to consumers, corporates and commercial businesses. As per the report, Re.1 invested with Mr. Uday Kotak (Managing Director, KMB) in 1985 would be worth Rs.2 Lakh today.
It was the summer season of the year 1784. In an elementary school, somewhere in Germany, a teacher entered the classroom of 7-year old students. Not in a mood to teach, she assigned them a complex task of adding up the numbers from 1 to 100. Thinking that they would take a lot of time to arrive at the solution, she decided to take some rest.