Nilesh Shah, MD, Kotak Mahindra Asset Management, talks about how equipped they are to handle the growth.
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NewsTranscript
00:00 One good part is that when you are growing along with something, you don't really recognize
00:17 you know what's happening.
00:19 To the outside world it looks like a big growth but to inside it looks like day to day job.
00:25 And to some extent we are blessed to be part of the growing industry and since we have
00:32 grown along with the industry we haven't realized the enormity of the size.
00:39 Now does that mean that we will not be kind of rising to the challenges which we have
00:46 to face in the future?
00:47 The answer is no.
00:48 We are cognizant that the way we have operated our business in the past probably is not the
00:54 best way to operate in the future.
00:56 The regulators will have to make certain changes to make us more accountable, to make us more
01:01 dependable, to increase trust and confidence which people have placed in us.
01:07 At the same time we will have to use technology to reach out to as many people as possible,
01:11 to equip our distributor friends with armory so that they can convert client into long
01:16 term investors.
01:18 So it's an ongoing challenge.
01:23 Have we done everything what is required to be done?
01:25 The answer is clearly no.
01:27 But it's a journey.
01:28 We will continue to shuffle our priorities and there will be some fire fighting, there
01:33 will be some long term planning.
01:35 But I think as we have grown with the industry we haven't actually realized the enormity
01:40 of the task we have already accomplished.
01:43 [Music]
01:47 (upbeat music)