Back to feeds

Havish Gupta

Stealth • 7m

If you think that all the telecom companies were closed due to Jio, So you are wrong! So untill 2002, companies didn't had to pay any fees in India. But in 2002, gov said that now they will have to pay licence fees as well as 8-12% of all revenue. So All companies agreed to this and this continued until 2010, when the companies had to make their payments. So actually the Gov said to give 10% of AGR (adjusted gross revenue) as fees which meant that if a company, say Maro Ltd with 1000cr revenue have a telecom branch with 200cr revenue. They will have to give 8-12% of 1000cr as fees and not on 200cr revenue that came from telecom. So this started a 10 year legal battle started which ended with Supreme Court's decision saying that all fees calculated on AGR have to be given. So Airtel owed 35,000cr while VI owed 60,000cr in fees and this is what killed them and then Jio made it worse. And best part is that the principal is ~7000cr but penalty, intrest, etc makes it ten times!

8 replies18 likes
1
Replies (8)

More like this

Recommendations from Medial

Image Description
Image Description

Havish Gupta

Stealth • 3m

Why does even a 1000cr market isn't enough for a VC So most businesses generate maximum Profit Margin of 20%. That on a ₹1000cr ($150 M) is ₹200cr which is enough for an founder to retire. But if you think from a VC's point of view, the max valuat

See More
21 replies22 likes
8
Image Description
Image Description

Anurag Prasoon

Stealth • 10m

McKinsey’s research highlights that companies emphasizing design thinking achieved 32% higher revenue growth compared to their industry peers.

3 replies9 likes

Havish Gupta

Stealth • 22d

Zepto just crossed 1000cr in Annualized Ad Revenue! For comparison, Blinkit's annualised revenue based on most recent numbers is 4,800 cr and Zepto is doing 20% of it through just through ads itself. They have also partnered with Park+ to deliver c

See More
0 replies5 likes

Harshavardhan

 • 

YouTube • 8m

The ABCs of Entrepreneurship and Businesses #Day 2 7. Accounts Receivable: Amounts owed to a business by customers for goods/services on credit. 8. Accounts Payable: Amounts owed by a business to suppliers/creditors for purchases on credit. 9. Gro

See More
0 replies9 likes
2
Image Description
Image Description

Havish Gupta

Stealth • 7m

Even EdTech companies are finding it difficult to grow while gambling companies are tripling their revenue! And the best part, it is profitable with ₹100 crore+ profit

30 replies36 likes
2
Image Description
Image Description

Yash Barnwal

Stealth • 2m

Here's a breakdown of how CRED makes money, based on their FY23 financials. With a significant chunk coming from loans, payments, and travel management, the platform diversifies through advertising fees, insurance, and corporate expense management. T

See More
8 replies20 likes
3
Image Description

Prem Raj

Stealth • 1m

Founded in 2002, SpaceX has revolutionized space travel by developing reusable rockets, becoming the first private company to send humans to the ISS, and advancing plans for Mars colonization with Starship. What do you think of the journey so far?

2 replies3 likes
Image Description
Image Description

ARUL VEL A V

Stealth • 2m

Are startups really about making revenue or increasing its worth I have seen many movies that say revenue is not important to an startup rather their worth . If so how is everyone making money from an startup. Just need some clarifications

6 replies2 likes
Image Description
Image Description

Adithya Pappala

Stealth • 19d

#9TDAYVC-DAY-12 📌What is Management Fees? 📌What is a Expense for VC? 🎯Management Fees- Management Fees & Expenses contributed to the fund as per investment agreement between fund & Investment Manager.No SEBI Regulations in this Matter. It

See More
3 replies7 likes
Image Description

Adithya Pappala

Stealth • 18d

#9TDAYVC-DAY-12 🎯Types of Expenses for VC? 🎯What is a Self-Managed Fund? 🎯Organisational Expenses: These are costs for VC Funds which includes such as Incorporation Costs, Statutory Compliance Cost of the Funds, Placement Commissions, Distri

See More
1 replies1 like

Download the medial app to read full posts, comements and news.