A management and strategy consultant has sparked a social media debate by claiming her client’s valuations soared a whopping 50% after she convinced them to shift base to Bengaluru.
Founder of Anthropia, Piyu Dutta posted on her X handle, “Convinced a client to move their head office to Bangalore. Kolkata address was discounting the valuation by 50 per cent. It’s that wild!” She is into banking, management consulting and investment banking.
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Discount in valuation refers to the reduction in a company’s or an asset’s calculated value. It is calculated on various factors, including risk, lack of marketability and lack of control. Piyu’s comment reflects a larger sentiment that if you are seeking to establish a head office for your start-up, then Bengaluru can be the best choice, as it is a hub for the start-up ecosystem. Considering it is home to various global tech companies, including SAP, CISCO, Microsoft, Infosys, Capgemini, Google and others.
Mahesh BR an X user, also opined the same and wrote in response, “Very True, #Bengaluru has emerged as a global brand! Bengaluru is the origin for many global tech revolutions, IT and beyond.”
Another X user, Rayken Okks, commented, “Literally any other T1/T2 city that is outside of West Bengal would increase valuation by at least 20%. Bengal has a bad reputation when it comes to business.”
Similarly, Pulkit Saraf reflected on the controversy of TATA Nano’s exit from West Bengal’s Singur. He commented, “I guess when you fail TATA manufacturing, the scars somehow remain and reflect on other things. Also, 90% of the Indian scammer industry and perhaps 100% of the organised digital scam industry operate there, working and thriving in real IT tech parks like real IT employees.”
However, a few X users didn’t agree with Piyu’s opinion that Bengaluru is a better place than Kolkata and mentioned it was an exaggeration. Nikhil Agarwal, a X user wrote, “Kolkata saves literally a lot of overhead expenses. Literally a lot.”
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