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What will most of us do if our company is on sale? We will start looking for jobs. But, <keyword id="172496" type="PERSON" weightage="100" keywordseo="Rahul-Shukla">Rahul Shukla</keyword> did things differently and bought the company itself. 
 
"The bar was $ 6 million and my wife informed me that we had exactly $ 6,000 in our savings. I told her that we were almost there, with only managing a few zeroes to be rightly placed," Shukla, 70, and is now president and CEO of the company where he started off as a quality control inspector, told TOI. 
 It took Shukla nine months to pursue different banks selling the idea of the company's future to raise the fund. But today, the high-tech firm specializes in manufacturing <keyword id="4086233" type="UNKNOWN" weightage="100" keywordseo="flexible-rotary-shafts">flexible rotary shafts</keyword>, which Shukla proudly mentions, are used in 98% of the aircrafts flying today and even in space projects. 
 
"My native is Wadhwan in Surendranagar district. I got my education in Wadhwan, Bhavnagar and <a href="http://www.businessinsider.in/searchresult.cms?query=Ahmedabad&amp;sortorder=effectivedate">Ahmedabad</a>. I went to the US to pursue MS in industrial engineering in 1971 and started a temporary job at SS White along with other jobs to make ends meet," Shukla said. 
 Currently, his company- <keyword id="4086232" type="UNKNOWN" weightage="100" keywordseo="SSWT">SSWT</keyword> has manufacturing and marketing facilities in the US, the <a href="http://www.businessinsider.in/searchresult.cms?query=UK&amp;sortorder=effectivedate">UK</a> and India. Shukla says that soon after taking over, his thrust was on innovation and technology. 
 
"We changed the overall portfolio and invested in the new-age research due to which today most of the aircrafts use the SSWT manufactured thrust-reversal system which is used during landing," he said. 
 
It is his Gujarati dream that sets him apart. 
 
"We were planning on expansion of manufacturing facilities and we had choice between China and India. India was an obvious choice and the plant was set up in Noida in 2008. My father admonished me for the move and said that I must do something for my native. Thus, the same unit—producing rotary shafts and medical devices—was shifted to Surendranagar," Shukla said. 
 Today, the unit in Surendranagar employs 450-plus workers who produce around $ 6 million worth of instruments. One of the eye-catching devices produced in <keyword id="6354766" type="COMPANY" weightage="100" keywordseo="Gujarat">Gujarat</keyword> is used for power seats in cars in the US and Europe. Shukla says that he has plans to expand the facility in time to come. 
 
"Before being at the place I am, I have worked as a driver, a security guard and a waiter and thus, I know how important every person's work is. Hence, when our company decided to give $ 1,000 bonus to each and every employee in December 2016, it made news as the industry was then replete with reports of slowdown and layoffs," says Shukla, who has also penned books of fiction and non-fiction. 
 <keyword id="4085188" type="UNKNOWN" weightage="40" keywordseo="mahatma-gandhi-pravasi-sanman">Mahatma Gandhi Pravasi Sanman</keyword> Award for 2014 was conferred on him in London. 
 
(Image Credits: YouTube)

Meet Rahul Shukla, man who bought a $6 million company with just $ 6,000

For the umpteenth time, when asked about <keyword id="6354884" type="ORGANIZATION" weightage="40" keywordseo="Delhi-Daredevils">Delhi Daredevils</keyword>' wretched season, Kevin Pietersen replied with his most sobering assessment of the worst team in the league. "We've tried a lot of things, nothing has gone according to plan. It's about executing your skills, which we haven't done well enough. No one's here to blame anyone. If you're good enough, you'll turn it around." 

	Had he replied in Gaelic, or spoken about the merits of the Bernoulli Equation, it would have had a similarly hollow tone. Those were the words of a beaten man, left to crinkle his nose at the stench of a rotting corpse of a side.
 

	Everything about Daredevils is in shambles. Their campaign began with Pietersen - acquired for Rs 9 crore - miss the initial few games due to injury. The player to get a look-in, Ross Taylor, struggled to dominate with the bat. In the midst of a poor start, Daredevils lost fast bowler Nathan Coulter-Nile to injury early in the season. Then went Saurabh Tiwary with a shoulder injury. Around this time, Daredevils released three uncapped players, one of which was batsman Milind Kumar, the distant but only local connect the franchise had. Whatever changes were made, results were not forthcoming. They have been poor with the bat, ball, in the field and in their thinking.
 Much has been written about the management holding back <keyword id="69475" type="ORGANIZATION" weightage="40" keywordseo="JP-Duminy">JP Duminy</keyword> and Kedar Jadhav, the two batsmen with the highest averages and strike-rates this season, and how denying them more deliveries to face has resulted in sub-standard totals. Daredevils' problems are deeper than that. They just aren't ticking. Thursday's match in Ahmedabad against Rajasthan Royals cannot be termed a contest. It was an embarrassment. Pietersen's decision to field came a cropper as RR piled up their highest total this season, 201 for 6, to which Daredevils replied with 139 for 9, losing half their wickets inside ten overs. With qualification for the <keyword id="6354312" type="CITY" weightage="40" keywordseo="IPL">IPL</keyword> 7 play-offs out of the question, you could have expected DD to make a statement, play with some freedom and express themselves. It didn't happen. What panned out was a yawn-inducing mismatch. <keyword id="172496" type="PERSON" weightage="40" keywordseo="Rahul-Shukla">Rahul Shukla</keyword>, after going for 41 in the previous match, conceded 44 from his four. Siddarth Kaul went for 34 in three. Manoj Tiwary, who rarely bowls, conceded 28 in his two overs, one of which was the 19th of RR's innings that cost 17. On the same track on which Ajinkya Rahane cruised, Kevon Cooper teased, Sanju Samson belted 40 off 25 and James Faulkner finished with 23 off eight balls, Daredevils made 139 for 9. Only one batsman crossed 17; six made single-digit scores. Daredevils' entire season has been a colossal waste of batting talent, with <keyword id="6355316" type="PERSON" weightage="40" keywordseo="Dinesh-Karthik">Dinesh Karthik</keyword> (the second most expensive purchase of the IPL auction at Rs 12.5 crores) repeatedly falling to leg-side heaves regardless of the match situation, an IPL pro in <keyword id="57265" type="PERSON" weightage="40" keywordseo="Murali-Vijay">Murali Vijay</keyword> failing to make an impact, Pietersen not playing a single convincing innings and the domestic pool not stepping up, barring Jadhav. 

	Compare this to RR's success. Rahane has 316 runs this season, which is more than Pietersen, Taylor and Mayank Agarwal have managed. When you consider that Karun Nair, a rookie domestic batsman playing his first IPL, has scored significantly more than Pietersen, you get a sense of why Daredevils are languishing at the bottom of the table.
 

	This is not to take away from how well Royals bowled. Dhawal Kulkarni was accurate and probing, Faulkner struck in the only over he bowled early on, Pravin Tambe dismissed the dangerous Duminy and Rajat Bhatia prised out two important wickets with his canny dibbly-dobblers. The sucker ball to get Taylor caught and bowled was a wicket Bhatia will cherish.
 With seven wins from 11 matches, Rajasthan remain at third on the points table and look poised to make it to the play-offs, which leaves <keyword id="6354467" type="PERSON" weightage="40" keywordseo="Kolkata-Knight-Riders">Kolkata Knight Riders</keyword>, Sunrisers Hyderabad and <keyword id="6354506" type="CITY" weightage="40" keywordseo="Royal-Challengers-Bangalore">Royal Challengers Bangalore</keyword> in a three-way fight to take the last spot in the top four. Daredevils, like Mumbai Indians, have only pride to play for. But if they keep playing like they did against Royals, even that might be too much to expect.

IPL: Delhi Daredevils' Wretched Downward Spiral Continues

<keyword id="351" type="PERSON" weightage="40" keywordseo="Yuvraj-Singh">Yuvraj Singh</keyword> smashed a 29-ball 68* with the help of nine sixes as <keyword id="6354506" type="CITY" weightage="40" keywordseo="Royal-Challengers-Bangalore">Royal Challengers Bangalore</keyword> (186 for 4) saw off Delhi Daredevils (170 for 7) by 16 runs at the Chinnaswamy Stadium on Tuesday night. With their fourth win in 10 matches, RCB kept their remote play-off hopes alive, while DD suffered their eighth defeat in 10 matches to keep scraping the bottom of the barrel. 

	Ever since the World T20 final defeat against Sri Lanka where Yuvraj scored a 21-ball 11, he has been at the centre of criticism with many questioning his batting credentials. In a quest to restore his good name, the left-hander started his IPL campaign on a great note, scoring a match-winning 29-ball 52 against DD in RCB's first match. Despite a great start to the season, Yuvraj all of a sudden waned and so did the fortunes of the team.
 

	However, in the last game against Rajasthan Royals, the left-hander made 83 off 38 balls and took four wickets to show first real signs of his returning to form. On Tuesday, Yuvraj continued from where he had left off against RR, putting DD bowlers to the sword. Against Shane Watson's men, Yuvraj's efforts had gone up the spout but against DD, the team won, erasing the bitterness of the defeat in the last game.
 

	Yuvraj joined AB de Villiers at 93 for 3 in 12.3 overs and showed positive intent straight away, scoring a four off his third ball. The duo had added 132 against RR and looked set to do another similar act. However, de Villiers failed this time losing his stumps to Kaul for 33.
 An undeterred Yuvraj hit legspinner Imran Tahir for three consecutive sixes in the 17th over to bring plenty of momentum to the RCB innings. Yuvraj continued his assault, sending Mohammad Shami and Siddarth Kaul over the fence in the 18th and 19th overs respectively. In the last over bowled by <keyword id="172496" type="PERSON" weightage="40" keywordseo="Rahul-Shukla">Rahul Shukla</keyword>, Yuvraj showed his most devastating side, hitting four successive sixes. The over yielded 27 runs in all. 

	Yuvraj also bowled an economical over towards the end - 16th over of the innings - giving away just four runs and hampered DD's momentum a great deal; the visitors needed 68 off 30 balls before Yuvraj's over. He kept the dangerous JP Duminy quiet. Considering the margin of the win and Duminy's 30-ball 48, the over was very important in the context of the game.
 Sri Lanka great <keyword id="26689" type="PERSON" weightage="40" keywordseo="Muttiah-Muralitharan">Muttiah Muralitharan</keyword> also showed some glimmers of his past skills and got rid of <keyword id="57265" type="PERSON" weightage="40" keywordseo="Murali-Vijay">Murali Vijay</keyword> whom DD had brought back for this match in place of Laxmi Ratan Shukla. Hadn't wicketkeeper Parthiv Patel dropped Mayank Agarwal in the third over, Murali's second, the Sri Lankan would've had his second victim in as many overs. Murali, along with Mitchell Starc, who cleaned up Quinton de Kock for six in the second over, ensured there weren't even distant hopes of a win for the visitors. However, Mayank Agarwal (31), Kevin Pietersen (33), Kedar Jadhav (37) and Duminy combined to make a match of it but Yuvraj's assault with the bat eventually turned out to be difference. Murali returned with 2 for 25, <keyword id="6355316" type="PERSON" weightage="40" keywordseo="Dinesh-Karthik">Dinesh Karthik</keyword> being his second victim. 

	Earlier, after the match was delayed for 70 minutes due to rain, DD captain Pietersen won the toss and put the hosts in to bat. RCB struggled in the first half of their innings but Yuvraj's extraordinary power-hitting in the next helped the team fetch 71 runs in the last four overs. Yuvraj and Sachin Rana (15) added an unbeaten 79 for the fifth wicket.
 

	Jharkhand fast bowler Shukla got the sought-after breakthrough in the sixth over when he removed Chris Gayle for 22. The West Indian was looking in great touch, manifested by two big sixes off Shami and Duminy, before chopping the ball onto his stumps as he charged down the track.
 

	RCB captain Virat Kohli's lean patch continued as he succumbed to an unnecessary run-out for 10 off the first ball of the eighth over, Shukla again playing a part. The ball from legspinner Tahir took an inside edge in the direction of fine leg where the sturdy fast bowler was keeping vigil; a rocket throw from Shukla reached wicketkeeper de Kock who removed the bails in a flash and Kohli found himself short of crease.
 

	de Villiers joined a cautious Parthiv Patel and both began the repair work. At the start of their partnership, there were only singles and doubles. Things changed for RCB in the 11th over as Patel picked up two boundaries off Tahir. Buoyed by the over, de Villiers took 18 runs off the next over bowled by medium pacer Kaul with the help of two fours and a six.
 

	The 49-run stand was broken by Shami's slower ball in 13th over. The diminutive left-hander got deceived and gave a simple catch to Karthik at point for 29. Thereafter it was all Yuvraj's show.
 

	Brief score: Royal Challengers Bangalore 186 for 4 in 20 overs (Yuvraj 68*; Shami 1/31) beat Delhi Daredevils 170 for 7 in 20 overs (Duminy 48; Muralitharan 2/25) by 16 runs.

Yuvraj's Sparkle Breaks RCB's Losing Streak

<ul><li>Shares of <keyword id="6357149" type="General" weightage="20" keywordseo="hdfc-bank" source="Orion">HDFC Bank</keyword>, gained close to 2% on Monday’s trade to ₹1,625 apiece on rural banking expansion plans.</li><li>As part of the plan, the lender also plans to hire 2,500 people over the next six months.</li><li>The bank’s management, in its July earnings call, had also indicated that the lender is looking at “solid growth” in the ongoing financial year. </li></ul>Shares of private sector lender, HDFC Bank, gained close to 2% on Monday’s trade to ₹1,625 apiece as its management looked to double the bank’s rural reach to over two lakh villages over the next two years. "India's rural and semi-urban markets are under-served in credit extension. They present sustainable long-term growth opportunities for the Indian banking system,” said Rahul Shukla, group head – commercial and rural banking at HDFC Bank in a press <a href="https://www.hdfcbank.com/personal/about-us/news-room/press-release/2021/q3/hdfc-bank-to-double-its-rural-reach-to-2-lakh-villages-in-2-years">statement</a> on Sunday. The statement was issued by the bank on the same day when Finance minister Nirmala Sitharaman prodded banks to expand their rural presence at an Indian Banks' Association event. "Even today many panchayats don't have a bank branch. I am not saying that you need to have a physical presence everywhere, digitisation has saved a lot of costs without compromising the service banks provide," she said on Sunday. As part of the plan, the lender also plans to hire 2,500 people over the next six months. The move, it said, will help the lender to expand its reach to one-third of rural India, while extending its leadership in lending to micro, small and medium enterprises. Currently, HDFC Bank offers its products and services to micro, small and medium enterprises (MSMEs) in over 550 districts. As of June 30, the bank had close to half of its 5,653 branches in semi-urban and rural India, along with 15,912 banking correspondents. Of its total retail advances worth ₹5.23 lakh crore, Kisan Gold card formed close to 9% at ₹46,868 crore. The bank’s commercial and rural banking loan book, as of June 30, rose 25% year-on-year to ₹3.86 lakh crore. HDFC Bank: Rural Banking Portfolio On A Steady Rise <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">In Rs Lakh Crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-Jun-20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31-Mar-21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-Jun-21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.61 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.58 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Commercial &amp; Rural Banking Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 3.08 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.71 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.86 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Other Wholesale Banking Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.86 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.09 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.14 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 11.43 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.59 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Public disclosures The rise in HDFC Bank stock prices in today’s trade, said Siji Philip, senior research analyst at Axis Securities, is a function of its management’s positive commentary on future growth, as well as its announcement to expand rural banking in the country. <div type="image" title="snapshot-1632724722101" msid="86549824" hostid="261"></div> “HDFC Bank management has been indicating positive growth in the current financial year with a strong comeback on the operating performance front. The growth in HDFC Bank’s stock price is also partly led by a strong market sentiment that has prevailed as the fear of an impending third COVID wave has weakened,” she said. The bank’s management, in its July earnings call, had also indicated that the lender is looking at “solid growth” in the ongoing financial year. “If I were to take any insights and share with you for the first 15 days trends for the month of July '21, HDFC Bank is echoing the projection of almost 100% of pre-COVID levels on the disbursement. And that gives me the optimism that in quarter two, which is July, August and September, we should be in a position to scale up rapidly on our growth rates,” said Arvind Kapil, the bank's country head for retail assets at HDFC Bank’s earning call in July. “...our assessment and our belief is that we should be back on course to achieve the original financial year plans and should close the year on a solid growth for the financial year,” he said. Last week, the bank said it would launch co-branded credit cards in partnership with Paytm. The launch, planned in October, it said will coincide with the festive season as the lender looks to tap into potentially higher consumer demand for credit card offers, EMIs and Buy Now Pay Later options, with the full suite of products to be on offer by the end of December. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/scientists-say-this-new-smartphone-sensor-can-detect-when-someone-consumes-marijuana/articleshow/86547421.cms">Scientists say this new smartphone sensor can detect when someone consumes marijuana</a> <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-shares-hit-record-high-trading-at-over-2500/articleshow/86547883.cms">Reliance Industries’ shares hit record high, trading at over ₹2500 in early morning trade</a>

You Searched For "Rahul Shukla" and got 5 results

Meet Rahul Shukla, man who bought a $6 million company with just $ 6,000

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IPL: Delhi Daredevils' Wretched Downward Spiral Continues

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Yuvraj's Sparkle Breaks RCB's Losing Streak

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HDFC Bank is looking to hire 2,500 people in the next six months across India to double its rural cover

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