Naren Mohan Ramesh

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He launched a deposit scheme for his dealers. Dealers could give money to the company as a deposit and earn FD rate plus 2 per cent on it. The same deposit was also deemed as a security and an equivalent amount of credit extended to the dealer to enable him to buy more paint from Rajdoot Paints. Further, at the end of the year Kuldip would give the dealer 1 per cent extra material on the net purchases of the dealer.
Unstoppable: Kuldip Singh Dhingra and the Rise of Berger Paints
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