Episode #7 – Nayan Srivastava, Co-Founding Managing Partner of RootBridge

00:00:03: Global investing has a new kind of architect, and I answer with that.

00:00:08: India has big place in my heart.

00:00:10: Of course Traditionally or historically it was always the ambition to leave India And its completely done one hundred eighty That people not only after education are coming back Especially on generational businesses.

00:00:22: But even more so we're seeing senior executives from large companies Coming Back To Indian setting up their business.

00:00:27: Because thats where opportunities

00:00:28: are.

00:00:29: As a founding magic partner for Bridge Capital, he is reimagining how proud investors tap into opportunities across India.

00:00:37: For me it's having that exposure to lot of different deals and at lots of different angles because as an entrepreneur or business owner you do have to think about more than just the department in which your working And thats something I like and also can transpire or transfer to portfolio management.

00:00:54: when i'm with companies It makes big difference of why companies also like to work with us, because we are entrepreneurs as well.

00:01:01: So we can understand a lot that the hardships that go through or they're part building your business

00:01:08: years at UBS and more than a decade by the imperfumium in London give him the discipline networks an instinct to navigate complexity with ease.

00:01:17: today he sits on numerous boards shaping company's dad.

00:01:20: married growth would impact.

00:01:23: The real growth is on the ground.

00:01:24: it's much more in the SME space.

00:01:27: yeah

00:01:27: So, of course the listed market is a safe way to go.

00:01:30: But

00:01:30: if you

00:01:31: really want those elements I was talking about – the digitalization and organization….

00:01:36: …and urbanisation in India?

00:01:37: If we really wanna target that investment thesis Root Bridge follows then it has to be on the ground at private markets as well!

00:01:45: It's just full of young people who wanna achieve great things... ...and are ready to move walls too!

00:01:51: What used to be an American dream now is Indian Dreaming And You can really feel that

00:01:55: Chromatic, connected and quietly bold.

00:01:58: Nyan is proving that cross-border investing can be both accessible and

00:02:03: transformative.".

00:02:08: So Nyan so glad to have you here with me even if I know quite well.

00:02:13: it's always nice being able to have such conversation.

00:02:17: really pick your brain a little bit more.

00:02:20: what i knew was when were born in Germany.

00:02:23: you grew up there.

00:02:24: most of the life started work business school doing your bachelor's and master's degree with a focus on econometrics, finances.

00:02:32: And statistics.

00:02:34: you then join UBS and eventually became an entrepreneur if I can say this?

00:02:39: Yeah, eventually.

00:02:40: Eventually but maybe we just start from the beginning.

00:02:43: Can You Just Tell Me A Bit More About.

00:02:46: What Are Some Of The Things That Have Shaped Your Early Days?

00:02:50: Well first of all thanks for having me Louisa great to be here.

00:02:54: Going back into history there is obviously lot things that shapes character.

00:02:58: In my particular case, I think it has a lot to do with my family.

00:03:02: Like you said born and raised in Germany but always had close ties on closed routes to India also come from very big Indian Family Very Close as well As A Family And That Spans From The US To Germany All the Way To India.

00:03:14: So i think that's kind of really shape Where Im From.

00:03:17: Of Course My Parents Did A Great Job In That As Well Because I've Always Been Part Of The Family Businesses.

00:03:22: so I Come From A Very Entrepreneurial Setting.

00:03:23: So I Was Lucky Enough To Be Exposed To That Part Of World from a very early age.

00:03:28: And then would you say that your childhood felt more like rooted in Germany, or global?

00:03:35: Or somewhere between?

00:03:37: It's good question but it is bit of tough answer because we did move around.

00:03:41: so I spent time with the US as well.

00:03:44: As I mentioned, family was a very big thing in our household.

00:03:47: So we're not very close to aunts and uncles' cousins.

00:03:50: It's kind of like you would see an Indian movie.

00:03:52: That is how my family was And i'm grateful for that.

00:03:57: To say it rooted.

00:03:59: My parents were very particular or important For them that they are also rooted In India despite being grown up in Germany.

00:04:05: Its not always the easiest thing Being the outsider Especially at young age to deal with a lot of things on that front, but rooting I would say.

00:04:15: I can call myself a German as well an Indian

00:04:17: amazing.

00:04:18: yeah when did you first become curious about business?

00:04:21: i know there's a couple really cool stories about some other first board meetings we took um maybe there are few of those that begin here and also what impact they had for your early-on

00:04:34: As I mentioned, so both my parents actually had a corporate background as well.

00:04:38: But at the same time running businesses on the weekend and in the evenings.

00:04:42: So i was always exposed to it Always...I wouldn't say involved from a practical sense of things but at least some dinner conversations were around business And that's always sparked my interest.

00:04:54: I can't tell some of the stories, but you have always been involved.

00:04:58: And it's kind of worth which sparked my interest in being an entrepreneur and most importantly also when it comes to portfolio management.

00:05:05: what i really like doing is working with the companies.

00:05:08: I'm sure The Office sees that my eyes open up whenever im talking about a transaction or talking about deal or company.

00:05:15: That maybe sparks your views on the corporate lifestyle versus Having your own business, right?

00:05:24: What does that mean?

00:05:25: and obviously having your parents that we're You know one foot in both worlds How did it impact you a decision-making today And also your decision to go on an open up your own shop?

00:05:37: I'm sure if you ask Ajay.

00:05:38: I mean i did start at UBS On the trading floor.

00:05:41: well equity research and then The Trading Floor

00:05:43: yeah.

00:05:44: So I think something.

00:05:45: when It going to entrepreneur Obviously the risk profile is completely different but To be honest That's actually Something that Also Engages me.

00:05:52: I hope that I strive in kind of an atmosphere.

00:05:55: There's nothing, off course wrong with a corporate lifestyle or corporate life but for me it is having the exposure to lot different deals and lots of different angles because as entrepreneur you do have think about more than just particular department working on something like this which I can also transpire or transfer to portfolio management when i'm working at companies of why companies also like to work with us because we are entrepreneurs as well.

00:06:23: So, we can understand a lot that the hardships.

00:06:29: What did your parents say when you said, I'm leaving UBS?

00:06:34: Funnily enough of course.

00:06:36: being their child they were worried about the risk side things but didn't really have much to stand on because they did it themselves as well.

00:06:43: In end effect that's part reason why i remember my father told me if you're doing with Ajay yeah It was a tough decision.

00:06:50: If I remembered correctly My father had advised or spoke to my parents about this But I didnt actually tell them.

00:06:57: So after I resigned from UBS, that's when i forwarded the email.

00:07:01: That it

00:07:01: was done?

00:07:01: Yeah

00:07:03: very cool.

00:07:04: Was there a moment or person Or let's say A cultural influence that you think really shaped The way You look at the world today From sort of earlier days ?

00:07:15: I Think again ,I keep repeating myself Hopefully not too much but It is the family aspect because having a large Family and a Very integrative family especially when you're doing business in India, that's a huge angle and a huge cultural support that you have despite having been raised in Germany because we can relate to families.

00:07:34: And I mean if you look throughout large cap the small cap than India.

00:07:38: most of the businesses are family run over multiple generations and thats really helped shape my career.

00:07:44: And i guess connect with people in different way right?

00:07:47: Absolutely yeah

00:07:48: Interesting.

00:07:50: was there anything that sort-of you think prepared for Woodbridge?

00:07:54: today?

00:07:55: Again, life is always an accumulation of everything that happens.

00:08:00: So I wouldn't be able to give pinpoint.

00:08:02: one particular thing That has shaped me.

00:08:05: It's just a yeah it's an augmentation Of everything.

00:08:08: Everything put together ups and downs i mean its how Life is right?

00:08:13: Everything kind of shapes you in the Right way right timing as well.

00:08:17: having met my wife when I was eighteen, that's also helped.

00:08:20: Stability?

00:08:22: That there is a lot of stability and she keeps me in check if i can put it that

00:08:28: way.

00:08:28: Fair enough!

00:08:32: Every small pieces of the puzzle kind now are coming together... ...that comes with having invested in India for over twenty years right?

00:08:42: There so much journey so far helping you today in your decision-making and so on.

00:08:50: Can you maybe?

00:08:51: Yeah, there's actually a lot of angles to that as well because when Alpege Ajay and I have been investing in India since two thousand eight So we haven't doing this for quite awhile India has changed tremendously Since then as well in a positive manner And the ease of doing business in india is of course a lot easier than it used to be.

00:09:09: one thing i've noticed That as india has grown so have we and the way we do transactions.

00:09:16: A lot of people consider India being a black box, but I think when you've been doing it for so long... You kind know how to navigate those waters.

00:09:22: Fair enough!

00:09:23: It's always a bit of a black-box for the people outside… But yeah.. ...I would hope that after twenty years – it is not anymore!

00:09:31: I want stay on personal side before going into more strategy side beyond work.

00:09:40: what drives today?

00:09:42: Simple answer.

00:09:43: It's gonna be the same one that you've heard already family.

00:09:46: for me a family is the most important thing Be it my parents, my wife My kids also the extended family.

00:09:52: For me That's what makes me happy and that's what gives me my peace.

00:09:56: Hmm

00:09:56: Most of them

00:10:01: Has your relationship with sort-of risk taking changed a lot since You started Your career?

00:10:08: And maybe before we get into their question can you may be Just walk us through your journey in terms of.

00:10:16: You said you started investing, you left UBS since two thousand and eight can just walk us to a journey little bit there.

00:10:21: I think for the people that don't know it's important they understand what I

00:10:27: like to call myself a purebred private equity player.

00:10:30: So, as i mentioned in equity research that gave me a lot of the fundamentals you need to know.

00:10:36: Of course You learn alot at university but The real day-to-day or reality of finance you learn on the ground.

00:10:43: so it did give Me good footing into finance when I was in equity Research and trading floor gave me speed which Ajay sometimes doesn't Like because there really have think within seconds And then really jumping into the cold water and private equity.

00:10:58: I mean, we tied up with Alpege in UK so had our first asset management company in the

00:11:04: U.K.,

00:11:05: since that to answer your question on risk also as you get older obviously the risk appetite typically goes down.

00:11:12: India's obviously a different breed of its own.

00:11:15: being emerging market is slightly higher high-risk.

00:11:18: but i think also being in derivatives, being in risk management helped me too to weigh those risks and to manage

00:11:27: them.

00:11:27: And I guess that anyways, your risk appetite has changed over the years?

00:11:32: Since the moment you started investing in India.

00:11:34: compared today...

00:11:36: Yeah, a risk appetite is such but obviously with experience of time having done this for so long it's much easier also not only evaluate those risks but also mitigate those.

00:11:46: Fair enough!

00:11:47: If you're closest friends- Not ask your wife.

00:11:51: Describe doing one sentence.

00:11:52: what do think they would say?

00:11:54: Oh, God knows.

00:11:56: I'm not really sure...I would hope to say a fun person with their head screwed on tight.

00:12:04: but yeah i think that's maybe a question for you to answer?

00:12:09: Okay!

00:12:10: I will figure it out and I'll ask a few people around the ones who know me for a long time um.. I would say someone whose on the phone alot

00:12:21: That goes without a job

00:12:23: exactly No, but I would say someone who is very grounded.

00:12:29: But yet able to make quick decisions which has balanced with Ajay quite well.

00:12:36: That's where the partnership of Ajay really comes coming from his background being a theoretical physicist From research.

00:12:43: it's great balance that we have.

00:12:46: Talking about India little bit.

00:12:48: you've lived there

00:12:50: for I spent a couple of summers there.

00:12:52: Yeah, learned a lot also in the family business and they're...I think it's good example to give.

00:12:57: is that when I land in India fine i do get the accent ,i do got the head shake.

00:13:03: It

00:13:03: comes naturally as soon as their airplane door opens.

00:13:06: but I would feel most very comfortable living in india as well .

00:13:09: I mean.. I haven't told my wife yet But the ambition once kids are older actually move over again

00:13:15: Interesting.

00:13:16: And what does India represent to you personally today?

00:13:21: Personally and professionally, I think it's the place-to be.

00:13:26: It would be foolish not have that in your portfolio from a professional side of things.

00:13:31: but also india has big place at my heart.

00:13:33: Of course i used spend every single summer My parents was really important for them That i do have routing what we talked about earlier.

00:13:40: So i mean train journeys...i just love country.

00:13:44: For those people who haven't been..it is must on everyone bucket list Because there's a vibe to India.

00:13:50: And I think you can also say when you came to India for the first time, yeah?

00:13:53: There is an energy about India which actually quite energizing.

00:13:57: My team members are Anna and Andreas.

00:14:00: We have heavy schedule.

00:14:01: on Monday morning we're powering through till Friday night.

00:14:04: take the night flight back.

00:14:06: somehow all of us said that comeback more energized than tired.

00:14:09: That was the best way to describe that buzz.

00:14:12: I think it has to do with how young their population young people that want to achieve great things and just are kind of ready to move walls.

00:14:23: I think

00:14:23: what used to be the American dream is now Indian Dream, you can really feel it also from professionalism and quality of promoters and founders The level of innovation or what's right word for that?

00:14:38: Enthusiasm and ambition.

00:14:42: It's contagious And a nice thing

00:14:45: For most people, let's say over some investors.

00:14:51: They say oh we've heard about the India story for a long time.

00:14:56: where is it what happening?

00:14:58: It feels like this sort of hockey stick point.

00:15:01: still isn't there.

00:15:04: how would you explain why India right now

00:15:06: There are lot different things that have changed in India.

00:15:09: I mean unfortunately as country We were I'd say decade behind.

00:15:13: China has a lot of its reasons without going into too much detail.

00:15:17: But I think India's done a fantastic job in the last five to ten years, catching up with that and even more.

00:15:22: so it is not just catch-up exercise but actually country itself really benefited from this.

00:15:30: Simply the digitalization movement happened.

00:15:32: thanks for Prime Minister we have Adarkard which basically a digital identity for every citizen.

00:15:39: In one shot he digitized over billion people And I think that's a driving force in India, and through that obviously with the additional tax income.

00:15:47: That's financed infrastructure.

00:15:49: so we're at the second largest road network in the world.

00:15:53: Water supply water availability has changed tremendously from last five to ten years.

00:15:58: So i wouldn't say now is right time because india is ready.

00:16:03: It would be the right time.

00:16:04: it is

00:16:05: not exactly fair enough.

00:16:09: Is it because then that's their infrastructure is there?

00:16:12: or

00:16:13: I think its build.

00:16:14: It's a lot of different puzzle pieces to finally come together, yeah also with respect to brain capital?

00:16:20: Yeah i mean take my parents as an example.

00:16:22: traditionally or historically was always the ambition to leave India and Its completely gone done.

00:16:28: one hundred eighty people not only after education are coming back especially in the generational businesses But even more so, we're seeing senior executives from large companies coming back to India and setting up their businesses because that's where the opportunities are.

00:16:41: And the scale of it is just incredible right?

00:16:45: What do you think investors still misunderstand about India today?

00:16:51: I always make a joke especially in our region here... ...that India is typically related to elephants, curries & yoga.

00:17:00: That's unfortunate, but India is a lot more than that.

00:17:03: But other then that I mean we're trying to change the image as well

00:17:08: And thats your role with the ACC right?

00:17:09: Yeah

00:17:10: so i was fortunate enough to be nominated for the chief rep of Indian Chamber of Commerce here and its kind.

00:17:14: really our mission because unfortunately india has an investment on the investment map isn't there yet but it's exactly our mission.

00:17:26: Is it helping quite a bit?

00:17:30: Are you feeling that

00:17:32: in the last couple of weeks, especially after the EU deal.

00:17:35: What people call mother-of all deals?

00:17:37: I mean there's been a lot positive news on India also right most politically speaking.

00:17:42: so i think we're moving to the direction.

00:17:45: everyone always talks about one point four billion.

00:17:48: But that's not really the true economy.

00:17:50: I mean, if you look at... If you break it down let say to lower middle class then The True Economy is about three hundred to three hundred and thirty million people.

00:17:57: but That's growing.

00:17:58: by what ten fifteen percent per annum?

00:18:00: And i think that's the potential of India.

00:18:01: That's the change in india that we're trying to capture as a fund.

00:18:04: interesting In ten years from now.

00:18:06: What sort of impact do You want with which they have on the ground?

00:18:11: in indian?

00:18:12: energy Is Of course A big one.

00:18:14: We Have A Lack of Energy.

00:18:17: I just kind of wanna make India, what's the right way to answer that question?

00:18:22: To westernize India but even though it is a wrong way.

00:18:24: But they're just help India grow.

00:18:28: their weight should be.

00:18:29: and obviously wealth equality, That'a big point.

00:18:34: there is large wealth inequality in India at the moment And thats something i'd love to part over.

00:18:39: changing

00:18:41: ESG.

00:18:42: ESG is, of course a big topic very close to our hearts and that's something I think just in the meeting this morning.

00:18:47: I was mentioning Corona actually helped The country move forward In that space.

00:18:51: there are two aspects about it because as if there's This famous picture?

00:18:55: i don't want To say the name or the city because I Don't know the exact name but There's A picture where i Think over three generations no one could see the Himalayas from their house.

00:19:03: And then all of a sudden Because pollution had gone down so much From corona times that you could see the Himalayas from The Terrace.

00:19:10: And I think it's a famous picture and if you Google, let me show you find.

00:19:13: but That was something we're noticing on the ground.

00:19:16: people are getting more conscious about It.

00:19:18: More importantly what i mentioned with the generational People coming back new generation thats coming into these companies Corporate Governance and ESG is big topic for them as well.

00:19:28: So its great blend where an article aid fund so ESG very close to our hearts

00:19:35: the strategy of the fund.

00:19:39: Public, private... Why do you think that investing in only public markets mess out on essentially growth India currently represents?

00:19:53: Particularly to investment thesis we follow The real growth is on-the ground.

00:19:58: It's much more in SME space.

00:20:01: So they listed market as a safe way those elements I was talking about the digitalization, the organization and the urbanization of India.

00:20:10: If you really want to target those spaces or that investment thesis that Rootbridge follows then you have to be on the ground in private markets as well.

00:20:17: but nevertheless we purposely have a blended strategy between public and private markets right?

00:20:24: And gives us flexibility for addressing this because there's a lot of capital chasing India local.

00:20:32: So it gives us that flexibility in order to really capture the growth of India.

00:20:36: And why do you think traditional private equity remains inaccessible for many investors?

00:20:45: I mean, a big problem is liquidity, of course.

00:20:48: In India deals tend to take a bit longer.

00:20:52: A classic private equity fund would have a ten plus two-plus-two structure which a lot times is too long.

00:20:58: and by having this blended approach to addressing India or investing in India, we're actually able to give liquidity.

00:21:04: And I think that's kind of been a driving force on the last couple of months.

00:21:09: and maybe for those investors who don't really know our strategy can you explain how we bridge the gap between access and private markets with liquidity?

00:21:19: With exposure to public market?

00:21:21: Yeah!

00:21:22: A great way is put it as team.

00:21:23: The three of us.

00:21:24: Alpege are J&I.

00:21:25: We have different experiences Ajay, I always like to call the DD Guru.

00:21:30: So he's really the analytical guy behind deal sourcing or due diligence.

00:21:35: Alpish comes from listed side of things and that is a perfect match between two teams.

00:21:39: There are particular sector in India which not everyone might know That is private investments and public entities.

00:21:46: And thats great place where our team kind of merge Or mesh Because alpish can spit out names on SME sectors.

00:21:54: He obviously charges with large cap where he has his proprietary tool and stock selection too.

00:22:00: And then when Ajay and I come in with our private equity hats, um... He's able to widen the net a bit?

00:22:04: And there we can- I mean Ajay will obviously call PipeDeals Private Equity.

00:22:08: Sure!

00:22:08: Alpea shall call it Public Equity but its' great bridge between two strategies.

00:22:12: Interesting.

00:22:15: Maybe you could tell our listeners sort of how early we came in How late We get out.

00:22:22: Why did You decide To put into place this structure that really

00:22:26: half-half.

00:22:27: Yeah, we've really done a bottom up approach as you mentioned earlier.

00:22:31: that I mean We want.

00:22:32: why India?

00:22:32: Why now we kind of tick those boxes were at the right stage.

00:22:36: We have evaluated how we can best invest in India and by having this cross asset allocation or no sector focus engine?

00:22:43: In general it's given us that wide flexibility to invest.

00:22:46: yeah And we invest from seed all the way till large camp.

00:22:50: Yep It's not the intention that work constantly doing follow on rounds are things like that And that's definitely not the strategy of the fund, but having a perpetual structure gives us... ...the lifetime you sometimes need to follow companies and exit them.

00:23:05: No sector focus?

00:23:06: Why is it so?

00:23:07: Because we have an investment thesis focus.

00:23:09: like I said there are lots of capital chasing.

00:23:12: There also general problem in India because some of the footsteps from Silicon Valley where there was spray-and-pray mentality going around especially tech industry.

00:23:24: And by not having a sector focus, we're in no pressure to deploy capital.

00:23:28: You spoke of Ajay as being the DD guru that you have?

00:23:33: The deal maker!

00:23:35: What does it mean for you and how do you personally define a great deal?

00:23:42: For me personally I learned something at very young age.

00:23:46: As long everyone on this table is happy and walks away happy That's basically the secret source.

00:23:53: So I love structuring deals, that's really where my eyes start to sparkle.

00:23:58: It is just my passion to get a deal done

00:24:03: when you meet the founder because obviously so the due diligence let us say led by Ajay and then use sort of takeover When you meet a founder.

00:24:13: what are some of the criteria?

00:24:14: That signal conviction versus caution.

00:24:19: I mean, that's the gut instinct right?

00:24:20: That something you've learned over so many years now being in that industry.

00:24:24: And just to be clear, Ajay and Alpege we do everything together.

00:24:28: So it is not a quiz if someone gets handed-over.

00:24:31: In classical corporate sense Right People notice as well.

00:24:34: The founders like this approach.

00:24:36: As for us its very important building personal connection Because things will go wrong inevitably If your not able sit across with somebody and solve problem.

00:24:45: I mean, I always say that the shareholders agreement is really kind of a test to that.

00:24:51: Because there unfortunately you're talking about all the negative things and how those founders react to those situations even though you will probably never have to use them because you'd prefer to have a meal with someone and solve the problem as opposed having go into court-of-law.

00:25:05: but it's in these discussions where we get an instinct.

00:25:08: who... ...that person sitting across us?

00:25:12: How does instinct, data and dialogue in interplaying your decision-making.

00:25:18: It's all intertwined.

00:25:19: I mean that something you probably can't see it.

00:25:22: but i do have gray hairs That old joke.

00:25:25: You always need someone with grey hair on the table.

00:25:28: I'm not saying I am most experienced of course or team is the most experience But its just having built that experience Having done deals.

00:25:35: Also deals haven been successful And thats where you learn the most.

00:25:38: actually Its an amalgamation Of a lot different experiences And in my case, also my childhood.

00:25:45: What makes you walk away from a deal even if let's say the numbers look good?

00:25:50: Well usually it is devaluation.

00:25:52: Yeah fair

00:25:53: enough!

00:25:53: What I mentioned earlier is having everyone happy on the table that If there someone not happy at the beginning of something or making a compromise It does always come back and its constant thorn.

00:26:09: So if something doesn't feel right or someone is going into too much compromise, you know when that's happening.

00:26:15: And that's what usually typically makes us walk away.

00:26:18: Woodbridge is gaining quite a bit of momentum at the moment...

00:26:23: Thanks to you?

00:26:24: Well it has been a lot of team effort which have happened over the past few months.

00:26:30: What are your most proud of so far?

00:26:33: I think?

00:26:33: really being able to get our foot in the door and be able to be established as The Indian Name In Switzerland.

00:26:40: I think that's a really proud moment, we're hearing it more than when India then Rootbridge And other people are getting interested in India not just on Rootbridges account.

00:26:52: We've played an active role doing this.

00:26:54: How do you make sure your approach increases confidence of investing?

00:27:04: What are some of the things that you think we, as a company have been able to put in place?

00:27:09: That people now feel more comfortable and investing.

00:27:13: The black box or talking about

00:27:15: I think there's a lot of different elements to one being that were Swiss.

00:27:18: And then that's.

00:27:19: that's been a big game changer for us.

00:27:21: We've picked up fully regulated structure through our AFM Luxembourg.

00:27:25: So those would say they're comforting facts but i think also playing an open book.

00:27:29: So we're not a closed book.

00:27:31: We don't, I mean...we are very open with our investors as well as our potential investors.

00:27:35: We have no problem sharing our pipeline and share in the projects.

00:27:38: A great example for that is when you had a delegation of about twenty-twenty five people coming to Mumbai with us And we asked them to come and present it.

00:27:46: so they get some look or feel.

00:27:48: Now we've had some portfolio companies also came here from Switzerland.

00:27:52: It's building this connection really being able to feel what your investing in.

00:27:56: That has been major game changer

00:27:58: And moving forward or looking for it, looking ahead.

00:28:02: I mean, I've asked you this before but regarding the impact we want to have in India both ten years from now how would you like investors to be describing with bridge and especially in its role between sort of Europe and India?

00:28:18: Of course i want all the investors including us to be successful financially yeah But also being part that change Engagement from the investor side being part of the journey.

00:28:26: That's very important and we see that with a lot of our investors.

00:28:30: Just want to come to the office just wanted not as an update but just out of curiosity Feeling that Indian buzz in Zurich, I think that's right.

00:28:37: And

00:28:39: what legacy do you wanna leave?

00:28:41: I know you told me yeah last night your kids will be taking over I hope, obviously not yet there.

00:28:50: Luckily just a bit young.

00:28:52: but what sort of legacy are you planning to?

00:28:55: Yeah

00:28:55: we're in it for the long haul like an ideal... Of course i can't control what they want to do But actually you had the pleasure meeting my son and the trip to Geneva.

00:29:03: So i'm trying the same thing that my parents did To get them involved early on.

00:29:08: That root bridge would love that to be my legacy And not only from me but also everyone involved.

00:29:15: What does success treaty look like for you?

00:29:19: Happy family.

00:29:21: Happy wife,

00:29:24: happy family.

00:29:25: that's kind of... That's why we're in it and doing everything we do.

00:29:29: It was amazing!

00:29:31: And always have a signature closing question what is one truth about investing?

00:29:39: most people learn too late?

00:29:42: It's trusting your gut.

00:29:43: I think People don't like it when I say, because obviously there's a lot of numbers.

00:29:48: A lot of financials that go behind the decision.

00:29:50: That is really about trusting your gut.

00:29:53: and what you mentioned earlier.

00:29:54: What makes us walk away?

00:29:55: When we have a funny feeling It usually for reason And its really listening to that.

00:30:00: i'm not forcing a deal through.

00:30:02: I asked her about success before but maybe she can tell me about.

00:30:05: happiness also means to do

00:30:09: Of course im in providing Everything for your family.

00:30:11: I mean, that's obviously what wouldn't say That the definition of happiness It's having also balanced life and that's why i'm thankful to my wife.

00:30:18: She really does ground me And make sure that if i am going a bit too overboard on the travel Then i said that i'm home.

00:30:24: oh

00:30:24: yeah.

00:30:24: So

00:30:25: she does has a great job Of grounding me and keeping the family happy.

00:30:29: Yeah or ever great.

00:30:30: ever so grateful For that but happiness for me is just an all-round balance in everything.

00:30:35: Awesome thank you.

00:30:36: now it was Really?

00:30:37: Thank You speaking with you and obviously being able to dig a little bit more into all the different topics that we have going on.

00:30:46: Thanks for your time!