Purpose

Easy availability of funds, at least till recently, and proliferating entrepreneurial spirit across the sectors & geographies have resulted in serious lack of fiscal discipline by promotors and oversight by regulators. Consistently dynamic business environment and ever-increasing expectations from activist investors are resulting in seriously catastrophic, mostly preventable, corporate failures in the midst of an all prevailing breach of trust between the debtors & creditors. Compounding the troubles for the promotors are increasing social awareness in the society, paradigm shift in socio-economic & cultural expectations and lack of agility & adaptability among the hitherto successful entrepreneurs.

All this is causing serious damage to the entrepreneurial eco system with far reaching consequences where the funds are idling with institutions, available for investment virtually interest free, and a complete absence of takers, whom the institutions are willing to lend. Equity investment is drying day by day. While the global growth is marginally improving, Indian ecosystem is still struggling fighting the ghost of recent nightmare. Against this backdrop, there is an urgent & existential need for proactive and objective assessment of business models that are prevailing and carry out a realty check with respect to its sustainability, viability & utility lest it leads to an irreversible damage to the entire eco system where lenders become increasingly unwilling to lend & entrepreneurs unwilling to experiment, thereby relinquishing their cardinal duties and forego the very purpose of their existence, both of which are quite essential imperatives for a sustainable & inclusive growth of economy & society.