Bungee jumping from the highly profitable metal trading to realty, then to hospitality and now ready to have another stint in agriculture is the way he has charted his life’s journey. A complete god-fearing family man he took the first two letters La from his mother’s name and Tim from his surname Timbadia. Thus was born the La Tim group and as the proverb goes, he never looked back.
Well-versed with different segments of the economy and a die-hard optimist with a twinkle in his eyes Mr Rahul M. Timbadia, Managing Director, La Tim Metal & Industries Ltd. spoke with Krishna Kumar Mishra about his journey, future plans, Covid, and its impact in detail.
“The best opportunities lie in tourism and agriculture”
A lot of disruptions happened in the entire segment of economy and industry in these critical times. What kind of crisis you faced and what has been the impact of Covid and lockdown on your business? We’ve three verticals – steel, real estate and hospitality. The vertical that suffered the most due to Covid is hospitality. Not only in India, tourism industry was most affected all over the world as people didn’t venture out for most part of the year. Our two hotels in Mahabaleshwar and Malshej were completely shut down. All our restaurants were closed. In case of real estate the story is different as the market was already down right from 2013. However, contrary to our expectation and disbelief we found this sector followed a recovery path. There seems to be indeed some interest in real estate. Most of our investment in this sector is outside city and our main focus is creating a second home and the farmhouses and we are finding huge demand in that space. Our project in Khopoli-Pali road is receiving renewed buyer’s interest.
This story is from the January 2022 edition of Indian Economy & Market.
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This story is from the January 2022 edition of Indian Economy & Market.
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