The stops on the way, and who is carrying each one.
Updated 2026-08-26Step 4 of 9
Destination 3 of 3
Grown on our own money
by 2032
Mar 2027Sept 2027Sept 2028Sept 2029
Stop 1 · In six months
Where we need to be
Collection cycle at 58 days, from 74. Nothing older than ninety days on the ledger.
What we do about it
The promise-to-pay record and the reminder ladder running against the real ledger, and the Sharma dispute settled as a credit note rather than chased as a debt.
Anil Mehta · Company
Stop 2 · In a year
Where we need to be
55 days. The February machine bought out of cash, not out of a term loan.
What we do about it
Prove the cycle before the capex, not after. A machine bought on borrowed working capital is the loan he said he would never take, wearing a different name.
Anil Mehta · Company
Stop 3 · In two years
Where we need to be
₹120 crore of billing with the cycle still inside two months — growth that has not been funded by stretching suppliers.
What we do about it
Watch the payables side as hard as the receivables one. Section 43B(h) makes a stretched MSME supplier a dated tax exposure, not just a relationship.
Nobody yet — set when that quarter is planned
Stop 4 · In three years
Where we need to be
₹150 crore, no outside equity, and no borrowing against anything but an asset that earns.
What we do about it
By here the constraint he set in the interview has been kept through a period of growth — which is the only time it is ever actually tested.
Nobody yet — set when that quarter is planned
Counted from Oct 2026, when the plan starts. Nothing here is scored.