10/05/2024
Hi Guys, Thoughts and Updates of the day!,
Pronoy here. As promised, we're sharing our overall progress from last year. Since mid-2022, Mohanta Group and I have aimed to launch potentially India's first conglomerate growth stage startup brand & co backed by VC funding but challenges have slowed our progress.
1) As the Founder & CEO, I've developed a concise yet comprehensive succession plan extending beyond 1 year, even up to 10 years and beyond. We also have a preliminary operational plan for our group. Detailed plans will follow once fundraising is completed, before initiating our growth stage journey. This includes building or hiring a long-term, robust management team of over 40 employees. This ensures that our uniqueness and strength as a conglomerate startup brand don't become weaknesses that could impact us negatively in the future.
2) Last year, Our projected future financial performance numbers were bigger (4X to 10X) than our capabilities. we had made the wrong projection due to our limited real-life experience. Once we commence our growth stage journey, our sole focus will be on generating business financial performance as a group that aligns with our capabilities and business resources only.
3) Since Jan 2014, we've been involved with 9 brands, including 5 subsidiaries and businesses. The noteworthy aspect is the traction we've gained, ranging from good to exceptional, across these 5 businesses, making us a robust group overall as a growth-stage conglomerate startup. In recent years, our primary focus has been on PMZ Wealth Creator, our flagship subsidiary brand, which shows immense potential for growth and profitability. With adequate funds, PMZWC could easily transition into a highly successful Indian brand, along with our conglomerate (MGC) brand. The details of this transformation were discussed in one of our recent posts. Read the full post->https://bit.ly/PMZLinkedin and Learn More->https://bit.ly/MGCEmpire. Thanks to all!.