My definition of SC-ST is Special Capabilities and Special Talent

Subhash Chandra addresses the SC-ST Entrepreneurs Conclave where he interacts with the budding entrepreneurs of Maharashtra, shares his perspective on business and entrepreneurship.

Last Updated: Wednesday, December 5th, 2018 - 00:58

Shri Subhash Chandra on December 4, 2018 spoke at the first ever SC-ST Entrepreneurs Conclave in Maharashtra.

Addressing the budding entrepreneurs, he first redefined the terms SC and ST. He said, “How does one define SC-ST? I am defining it for you, according to what I think it means, and you have to accomplish it yourself, this is what I wish for. For me, SC means Special Capabilities and ST means Special Talent.”

Speaking about entrepreneurship and management he said that if you search online you will find numerous books on the subject and each will have its own management jargons and explains a different way to succeed as an entrepreneur. “The more you read these the more you will get confused. So who should one believe? Whoever wrote these books have knowledge and their thoughts have been published however at times these are not simple enough to be understood easily.

Going back a few years, he recalled the conversation he had with his father which lead him to start the Subhash Chandra Show. “He asked me ‘What about your experience of 50 years? You have not distributed that. That too is your earning.’ With that thought I started the show. I share my experiences there. I don’t know any management jargon. I do not claim that if you do this or that you can be successful but I simply share how I did it.”

Sharing his learnings from his decades long career as a businessman he said, “When I look back, one thing is very clear that there have been very less times when I was extremely fearful or was unable to think straight. There have been times but I never lost the courage or thought that I will not be successful.”

“That is why I always say, have faith and confidence in yourself and in your ability to succeed. Never allow yourself to think that I am not capable. Even if you are from a small place. Everyone will listen to you if you have something to say. People will listen to you,” he added.

Drawing reference from the upcoming Dr. Ambedkar Mahaparinirvan Diwas, “Babasaheb never accepted defeat. Even though he was put down by many people and very often, he did not give up. That is what we have to learn from his life.”

He also referenced the history of entrepreneurship and how it played an important part during Chhatrapati Shivaji Maharaj’s rule. He said, “Shivaji Maharaj invited entrepreneurs from all over to come and set up shop in his kingdom. Even today you will find people who had come then and have settled in small villages across Maharashtra.”

“There was a time when there was immense respect for entrepreneurs. But over time, unfortunately, circumstances and the system changed this perspective. I believe that, earning money is a businessman’s religion however he should also keep giving back some of it to the society. It is also what Bhagvan Buddha has said, only then are his earnings truly justified. Otherwise it is incomplete.”

He appealed to everyone to have faith in yourself and your capabilities. He said, “Having faith in yourself is quintessential for being a successful businessperson.”

He further spoke about the power of having faith. Illustrating that he said, “When you go to a temple and pray for something, you invest all your faith in the almighty and walk out with confidence that God will help you in your problem now. This itself gives you a renewed strength to solve your problems, and eventually you succeed in it. And while you may give Him the credit for it, the courage you got by going there is what helped you yourself solve your problem and you became successful.”

Further sharing his experience he said that those who do Vipassana would know that, “When you live in the present moment, your action will be dynamic, it will be accurate. If your mind is occupied by the past or the future then it won’t be able to perform and you will be confused. Living in the present is another important thing to be successful.

He concluded his address by summing up his mantra for success, “If you have faith in yourself and live in the present, there nothing that can stop you from reaching your target, however high it is.”

After his address, the platform was opened for a Q and A session where Subhash Ji answered the various questions posed by new and budding businessmen and women. He shared his perspective on where and how to identify new businesses,


on what mistakes an entrepreneur should watch out for,


on maintaining one’s mental balance while facing a loss to what qualities makes a successful businessman.


Answering a question by a budding woman entrepreneur who asked about dealing with prejudice from the society, he said ignore them, and cited Lord Buddha’s teachings ‘ऐसे लोगों को मैत्री भेजो, उनके प्रति भाव रखो कि बेचारा है, दया का पात्र है|’.”

He also spoke about what to concentrate on, processes or employee motivation when a business is going through a lean phase and how to retain employees in a small business set up. He further shared his life experiences and what learnings and lessons he has gleaned from it.

The conclave was organized by Ministry of Micro, Small and Medium Enterprises, Government of India and Department of Industries, Maharashtra

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