Showing posts from September, 2020

Partha System in your daily life

During my MBA at IIMK, I had been fortunate to do a Summer Training at Rajashree Cement Plant in Gulbarga, Karnataka. Though the project was about IT systems, my friend, Amitabh and I also got exposed to all aspects of the business. One interesting concept was the Marwari system of accounting called Partha. Essentially, it gave a single-page P&L snapshot on a daily basis. To put it in one sentence, it meant answering the question "Aaj Kitna Pada" or "How much did it cost to produce 1 unit of cement at a plant?". This deceptively simple-looking number sums up everything that goes on in a manufacturing setup. Over the years of a completely unrelated work experience, this learning has somehow stayed with me. And I tend to deploy it in my own personal and professional life. Here's how you could do it too: Didn't earn my "dehaadi" (daily wages) syndrome - At the end of some days, do you feel that you haven't earned what you are getting paid for