Office Space Solutions


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Real estate is expensive in India.Period.And rates can verge on the ridiculous in places like Mumbai.To add to the woes,renting/leasing is not so easy,if you are not an established business.

That said,I am of the school of bootstrappers who choose not to put down any money till  cash starts flowing into the business. So its work out of home/the garage/hotel etc. till a business justifies rents or purchase of property. After all with a mobile phone,laptop and vehicle,its possible to get a lot done at no extra expense.

But there comes a time, when a semblance of an office,means that potential vendors or customers take you a little more seriously.At such times,here are 2 options you could try out: Read more of this post

Effective Personal Income Tax Rates In The Last Decade


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Arun Bhatia Family


wealthymattersIf you have been following the Air Asia JV in India,you are bound to have come across the company Telestra Tradeplace. If you are curious to read more about the people behind this obscure company,continue reading this post.You will definitely get to know more about how business is actually done.

According to filings with the Registrar of Companies,Telestra Tradeplace was registered in August 2001.It has a paid up capital of Rs 1 lakh and  made a profit of Rs 31.09 lakh in the year ended March 2012 as against Rs 52.9 lakh a year ago. The company has invested around Rs 1.5 crore in Cavim Realty, indicating an interest in the real estate business.As of September 2012, the Bhatia family owns the entire shareholding of the firm. Read more of this post