Wednesday, February 11, 2009

Where is my money?

This is a story I wrote long time ago. Never got a chance to complete this :)

Once upon a time, in a sleepy village, there lived 2 boys - Mangu and Tingu. They were inseparable friends, the bollywood kind. This was inspite that they were from disparate backgrounds - Mangu was the son of a farmer and Tingu's father literally owned the village. He ran a string of businesses ranging from farming to banking in that village. Mangu was good at studies while Tingu obviously was a 5 point someone(why obviously, come on his father is an ATM, he must be pampered). So far so good, doesn't it sound like a typical bollywood yarana.

Two friends lived happily in their worlds and got through their metriculation exams. The village schools like most other Indian village schools only had classes till 10th and so the buddies were in a dilemma what to do next. Luckily for our pair, this village like any other bollywood village had a learnt masterji who knew virtually "everything" about higher education. So our masterji (clad in his impeccable khadi) advised "Mangu and Tingu, go to the city and continue your education. Mangu, you learn Science and Maths because you got 90 % in metriculation and Tingu, you better learn Commerce as you got only a 50 % and your dad won't mind even if you won't get a job after your studies". Now the masterji told this because he was a southern masterji, there are masterjis in other parts of India who would have given an antonymous advice. Anyway kids loved the advice and so did their parents, but a slight problem - Mangu's father doesn't have money to finance him. Oh my, an emotional point - perfect setting for a song, sorry guys we don't have time for a song. So Tingu jumped in and proclaimed "Mangu will study with me and my dad will finance his education". As Mangu's dad was out of the camera focus, we couldn't catch his facial emotion. Anyway Tingu's dad agreed to finance both their education and on June 1st 1996, the boys embarked on their eventful journey to the city.

1996- Mangu loved Calculus especially the derivatives. Even sleep couldn't separate him from his limits, differentials and integrals, he dreamt from all night. Tingu loved the babes in his class and ofcourse dreamt them whenever he got an opportunity to sleep (which was scanty as he spent his time "productively" with them). So 2 years passed, Mangu passed out as the school topper and Tingu managed to barely pass - finally they both were ready for their college. As is the case with all the school toppers, Mangu opted for engineering and went to IIT Chennai to learn the intricacies of softwares and computers(I know you guys would be wondering about how he managed his finances - he got a scholarship :)). Tingu became a CA aspirant and started working as intern for a multinational auditing firm called PWC.

1998- Mangu loved everything about the computer engineering course. He meticulously learnt the erudite algorithms and computer theories and became the class topper. Tingu hated the books but he liked the MNC environment of PWC, so he loittered around. It was in his third year that Mangu heard about CAT and the mythical IIMs. One of his class mates told him "IIMs are for the best engineering graduates, only a guy really good at maths can crack CAT." (What a misleading statement :( )The omniscient friend continued "It is the rigour and competition, one is subjected to while taking CAT which gets rewarded with wonderful placements by the end of your MBA" (I have to agree to this, IIMs have the cream of the population - this is a big reason why companies offer such lucrative packages to its graduates). Anyway 2 aspects of this remark interest our Mangu - one was the idea that IIMs are for the best people (he thought he was the best) and second the prospect of a huge package when he pass out. So Mangu left his beloved algorithms and plunged into CAT preparations. He burnt the mid night oil cramming the Barrons and Wren and Martin.

2002 - Mangu was going to start his classes at IIMA and was happy that he proved once again that he is among the best. Tingu has finally decided that CA is not his cup of tea and returned back to his village. There he took over his father's business and suprisingly enjoyed it. It might have been in his genes because he started growing his father's unorganised businesses into a fantastically organised conglomerate. Mangu and Tingu constantly kept in touch, thanks to the communication revolution, through mail and chat and Mangu literally became a consultant for Tingu. The alliance worked wonders and Tingu was thinking of listing his company through an IPO. He planned to offer the CEO post to Mangu and be the chairman himself. But Mangu had different plans. He has hit gold at the placement season and has received an offer from the top investment banker Lehmann brothers. His posting was in New York and he was raring to go.

2006 - Tingu spearheaded a business empire. He never went for an IPO, he found an investor from Singapore who pumped in millions of dollars into his unlisted firm and helped him with expansion. His communication with Mangu has dried up after Mangu migrated to U.S. Although Tingu missed his friend, he has found a dozen of MBAs form IIMs to help him in his business and one night Tingu and Mangu found them online at the same time.

Mangu : Buddy how r u? long time ha!
Tingu : hey, true. really long time. Where are you? I tried reaching you a million times.
Mangu : Sorry yaar. I was so busy here. Anyways I am still with LB in New York and it is rocking here. I am one of their hot-shot money manager
Tingu : And when did banking get so interesting. What do you do there?


Intended to be continued but not really going to continue :)