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The organization’s interest must come before the promoter’s

Jayanta Roy Chowdhury , founder and chairman, RJ Family Private Limited , believes transparency and high standards of corporate governance—in letter and in spirit—must be the base of an organisation. This is the starting point. But, nonetheless, as companies scale up and expand, governance often takes a backseat, and the interest of minority stakeholders is more often ignored. But this must stop, he emphasises; investors & stake holders, should be given the due importance .

There is always a conflict between an organization and its promoter. In many cases, one doesn’t know what is right. The thumb rule I use is that the organization’s interest comes first and then the promoter’s. If some decision is to be taken, for example, if it comes to me stepping down as the Chairman of RJ Family Private Limited, I will just use the thumb rule. What is good for RJ Family? Should I continue or should I step down? And if we come to the conclusion someday that I must step down then I must. To me that is good governance.

‘Have a clear supremacy in your business’

Founders and entrepreneurs need to identify what makes them win in this competitive world. Is it an innovation? Very good service? Secondly, you have to continuously work upon it. It is only a matter of time until others will start copying you. So, you have to be two steps ahead of the competition. The key thing is to be the best in that area so that what you are offering to the final consumer makes sense, is innovative, and that helps you have a clear supremacy in your business.

‘Founders can’t go on spending money’

I feel very strongly that you cannot just drive the top line. At some point it has to reflect in the bottom line. Most funders realise this cannot be indefinite. The funding to some extent has reduced and, in some cases, become much less. Now, most funders are saying they want to see visibility of the bottom line. They are willing to wait, which is fine. I do not expect each and every business to start making money from day one in terms of profit. Growth is very important, but at some stage the business has to turn profitable. I think that shift has happened. I see many businesses, which were investing money, become a lot more cost-conscious because funders have put the necessary pressure. That is a good development. I believe the business has to be profitable. In the short-term you can pursue growth, but at some stage it has to make profit. You can’t just go on investing money forever.

‘Organization’s interest comes first’

I think corporate governance is improving and organizations are looking at having an independent board of directors and getting their viewpoints. There is always a conflict between an organization and its promoter. In many cases, one doesn’t know what is right. The thumb rule I use is that the organization’s interest comes first and then the promoters. If some decision is to be taken, that should be taken at the organizations interest.

If I am using some space of RJ Family for my personal need, it could be for a giving activity or for running my family investment office. One way is to say that the company belongs to me. But the other way is to say that, no, the company does not belong to me. I am the founder but I may have many shareholders. So, I have to differentiate this. I have to pay rent to the company for the area I am using for my personal use. To me that is governance. The problem with most promoters is that they believe it is their company (and not the investors or stakeholders’ company). The moment you have that mindset, you will do something which is in your interest and not the company’s interest. That has to change.

‘RJ Family will go global’

It is our vision to be present in all countries. Looking at our portfolio of products, we realised that it will be difficult to enter developed markets. We have defined as a strategy that we want to be present in emerging markets in Asia and America & Europe . That’s where we will focus and expand. We’ll go global. We need to be realistic. The future of RJ Family will be those geographies. The business model of start up companies are changing. We wish to face the challenging situation. We will either set up or acquire other prominent companies and we will manage them differently in a different location. These are disruptions. You have to participate in those disruptions from an opportunistic angle and not from a threat perception. That’s what we are trying to do. We would like to be an important Global player in addition to being a traditional Indian company.

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Anup Biswas

Group CEO & Managing Director

It’s a privilege to introduce our CEO at RJ Family , Anup Biswas , known to be an extremely capable, organized, determined man who has a great personality and an even temperament.

He will be overseeing every happening in the company by developing high-quality business plans and strategies ensuring their alignment with long term and short term objectives, making high quality investing decisions to increase profits and advance business, reviewing financial and non-financial reports, and suggesting improvements or solutions as per the need, building trust relations and stakeholders.

A Master’s in the Field Of Sociology , our CEO will play a pivotal role in ensuring the continuous growth and success of our company.

He wishes to make RJ Family a global leader in high tech and innovation and also very effective at execution. On your culture badge, at the very base is what we are and who we are. He wishes to put the customer success first in everything we do.

He believe in using our own technology to really drive collaboration across the company, moving from command and control to a collaborative leadership style. And he can’t emphasize enough his belief in terms of the most successful companies or individuals in the world should be the best in giving back.

While he believes that we’re not a perfect organization and we do regularly remind each other of that, we are a family. We watch out for each others in ways that, as you will find out over your time at RJ Family , is very unique.

He believes in setting long term goals and we almost always achieve those. He have no fear about entering a new markets or taking on new peers in the industry but we have a lot of healthy paranoia about what could go wrong.

And while he is  setting an aspirational goal that many will say is impossible to achieve but RJ Family believes that we can ; to become the best in the world and the best for the world.

Jayanta Roy Chowdhury

Founder & Chairman

Jayanta Roy Chowdhury, a Kolkata-based Astrologer and currently an entrepreneur was born in Kolkata. Dr. Jayanta Roy Chowdhury, who is involved in Palmistry and Astrology, has obtained several degrees in Vedic science and Astrology. This inspired him to establish Astroden, an online consultancy service for Astrology and Palmistry with the mission of serving society through the blessings of an outstanding ancient coding language of life cycles. 

Dr. Jayanta Roy Chowdhury earned a Bachelor In Astrology – Jyotish Sastra in 1998 , Masters in Astrology – Jyotish Acharya in 2000. He further received an Honorary Doctorate in Astrology from the Institute Of Astro medical Research in 2009 .  He is also the recipient of several Gold Medals in the field of Astrological related project work.

Practitioner of Ancient Vedic sciences and well-known for his unique astrological prediction abilities, Dr. Jayanta Roy Chowdhury is currently working on multiple astrology-related projects and have serious ambition to pursue a Ph.D. in the field of Law.

Astroden is a technology-driven online platform introduced by esteemed Astrologer Dr. Jayanta Roy Chowdhury with the mission of providing consultation on various life-related problems and solutions in the form of methods from ancient Vedic sciences such as Horoscope Analysis, Palmistry, and other effective astrological remedies such as Vedic Practices, Gemstones, and more through general prediction, Astrological Prediction, and advanced Astrological Predictions.