Preetesh Maloo

Discovering myself

[Preetesh Maloo @maloopreet]

What types of mistakes you should avoid while filing your #Income #Tax #Return?

1. Don’t hide any type of income because #IT Dept knows everything.
Like house property income, FD interest, Dividend , saving bank interest, #PPF interest.

[Preetesh Maloo @maloopreet]

3. Freebies before election
4. Removing 370 is good decision
5. Demonetisation flopped
6. Extreme corruption

#India #NDA #modigovt

[Preetesh Maloo @maloopreet]

A friend came home and just now discussing what Modi Ji done in last 12 yrs, I am putting these below points
1. PM Awas Yojna - he was not aware that poor people got free homes
2. Rs 5 Lakh Insurance for Poor
3. Village electrification reached 100%

[Preetesh Maloo @maloopreet]

4. Infra development- National Highway, Railway Infra
5. Jan Dhan Yojna- Banking accessibility to last mile
6. Indigenous defence industrialisation
7. Stronger foreign policy

What he is saying
1. 95000 school closed in last decade
2. Highest debt taken in last decade for dev

[Preetesh Maloo @maloopreet]

@abhishekrajaram Sir that’s why I am saying why can’t an entrepreneur have a structural format at low cost, once he grows, audit compliance will come, why to burden him from start.
Sir I agree that you have to keep CA’s interest in mind, but not at cost of unnecessary compliance.

[Preetesh Maloo @maloopreet]

@SandeepMall I will join

[Preetesh Maloo @maloopreet]

@abhishekrajaram When US and Singapore govt can do it then why can’t Indian entrepreneurs have a level playing field ? Why not do away with smaller companies audit?

[Preetesh Maloo @maloopreet]

@jasveer10 But don’t they know this since beginning? I agree that they deserve a good pay, huge respect to what they are doing but everyone know how it works.

[Tukaram Mundhe @Tukaram_IndIAS]

Just Speak

FDA Maharashtra has launched grievance redressal portal for citizens. It is AI enabled platform, having auto assignment, auto escalation and built in accountability with traceability features .
https://t.co/597si71Z6E
#TukaramMundhe #FDA

[Preetesh Maloo @maloopreet]

https://t.co/MWePdbA7DB

[Preetesh Maloo @maloopreet]

@Tukaram_IndIAS Man of Action!

[Tukaram Mundhe @Tukaram_IndIAS]

No compromise on public health.

No tolerance for unsafe products.

#FDA #Alert #TukaramMundhe #People

[pj @BeingPractical]

Old VC Pitch story from 2012 when I was building Wishberg, but I still remember this one.

Two very popular super angels called me to pitch to them for a meeting at a very high-profile, super-rich bombay club. My first visit to any club of any kind whatsoever, it was intimidating anyway. I arrived early and was asked to wait until someone called for us. It was supposed to start around 7 pm or something, but I remember I had waited nearly 30-45 minutes already.

Managed to glance through and these two gentlemen were sitting and already hearing the pitch of another, of a famous-celeb-founder. Nope, I am not judging - they were. Both of them were visibly drunk and laughing or cheering animatedly with that founder.

They called for me. Went inside - it seemed that these angels have been there for all evening and ours seemed to be their last meeting for the day. Started the conversation, one was sloshed and was already telling his group of friends - wait just 5 mins, I will get done with this. No being from IIT or IIM or Ivy League (it was a thing back then) - had put them off already.

Second one spoke about himself for 5 mins and rest of the time - cut me on every slide this won’t work, you haven’t seen the world, etc etc. 12-15 mins, and they were done. All through the meeting, had drinks, food and snacks and no one offered even glass of water or even bothered to remove food and glasses from the last pitches. The first drunk guy kept checking out passing women, and 10 mins into the pitch he left to join his friends. The second guy in all his arrogance said - buddy, do something meaningful in life.

Long story short, the two gentlemen are still in the industry - over time while building Raise (knowingly or unknowingly) had tried to connect, but of course, I found a way out. Yes, the famous-founder was funded by them and over few years the venture folded silently. No big deal, we also folded Wishberg after few years.

Those 15 mins of my life - I remember being treated as Bharat Bhushan in the movie Bheja Fry (in case you know, you know) who gets paraded as talent for weekend evening fun by a rich guys.

I am not against strong feedback or refusing to fund - we founders face rejections all the time, but showing basic respect & humility that one should display in interactions with people is the minimum expectation.

[Preetesh Maloo @maloopreet]

@Ajain112 @PrasadKarwa

[Preetesh Maloo @maloopreet]

@abdua08 It’s not about buying, it’s about holding

[Preetesh Maloo @maloopreet]

@Ary_Mulchandani @BlumeVentures @sajithpai Congratulations

[Preetesh Maloo @maloopreet]

@ChitrakShivalik I could not find 2200 carpet for 2 cr in Ahmedabad, please help.

[Preetesh Maloo @maloopreet]

@BaluGorade Simple math >>SWP power
Common sense

[Preetesh Maloo @maloopreet]

Yes someone is right,

you need 40 cr retirement fund,

Only if you are living at Peddar Road.

Others can sit down and relax.

#networth #equity #sharemarket

[Preetesh Maloo @maloopreet]

@pb3060 @Dev_Fadnavis How its toll free ? There is already toll tax for Mumbai Pune expressway and it’s part of that.