Business Today - Turning Dust to Gold

When I started out 23 years ago, I did not know anything about capital markets," says Pradeep Jain, 41, Chairman, Parsvnath Developers. Jain can no longer claim the same ignorance. His company raised Rs 1,000 crore from the equity markets in November, getting over-subscribed nearly 62 times. Jain, a devout Sai Baba follower-the caller tune on his mobile is a hymn in the praise of Baba-is more than happy. "I had expected a very good response, but this is phenomenal. The market has given far more than my expectations."

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