Jay Gupta built a retail chain by offering great steals on branded apparel. He now wants to take it one step further — into smaller towns and cities
Jay Gupta doesn’t like MBAs. He feels they are too process-oriented. “They can drive a car from place A to place B. Ask them to create a road and they cannot do it,” says the 34-year-old founder and managing director of the discount store The Loot. “They don’t know how to deal with entrepreneurs who run our franchises in smaller towns. The franchise owners are much more street-smart than they are,” he adds.
Navigating the Challenges
(This story appears in the 16 July, 2010 issue of Forbes India. To visit our Archives, click here.)