Knowledge is key in investing

Settled in Hyderabad with his homemaker wife and two kids, Prahlad Patidar works as a project manager for TCS. He has been in the IT industry since late 2001 and has worked internationally for 9-10 years in different countries. It's been quite a journey. Born in Narayangarh village in Madhya Pradesh to a farming family in 1976, Prahlad recalls that even though money was in short supply, the basics always got covered. "My father's money mantra was to borrow money from private lenders to buy more farms in order to increase income. He'd then pay back the loan by earning from the farms. Once the loans were settled, he'd buy more farms by borrowing again. This continued until I went to college, and it was then that my father stopped buying farms and funded my higher education," he recalls. Self-made man Prahlad's only hobby is to read, read and read. He started reading newspapers during his college in order to learn and improve his English. Soon he shifted to financial dailies, especially Business World magazine. And this is what got him interested in the world of business, finance and eventua

This article was originally published on December 12, 2022.