Showing posts with label Illegal activities. Show all posts
Showing posts with label Illegal activities. Show all posts
Tuesday, April 6, 2010
Some days back I was enlightened on the truly entrepreneurial nature of Indians.
A small business owner saw ample opportunity in the Mumbai Railway Ticketing industry.
The business provides insurance to ticketless travelers.
You just heard it !
Insurance to ticketless travelers.
From my knowledge, this firm operates in Bhandup and provides insurance at a premium of Rs. 300/-
Any unlucky traveler can go and encash the fine receipt.
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We surmised the business to have a very good rate of return.
How many people end up getting caught anyway ?
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The company has been around for many years. Obviously, it is discreet and generates revenues through word of mouth.
I also think it's a very scalable model. Have a set up outside every station in Mumbai. Once monopoly has been established, set sail for the rest of the country.
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I am sure the railway authorities, TCs and police must be hand in glove.
Else, how do you explain the miniscule percentage of ticketless travelers that ever get caught ?
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I do not know the name of this company. So don't even ask.
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