Aravind Eye Care has been well profiled elsewhere. They use low-cost labor, high utilization of equipment and an in-house supply chain to completely CRUSH the cost of a cataract operation - they are profitable and yet 60% of their 300,000 yearly surgeries are free!
There is this idea of a beautiful business that I'd love to build and/or invest in. A beautiful business creates value for its customers, employees, shareholders and society by providing a product/service of quality. Its quality gives it pricing power, high returns on equity and an ability to grow on internal accruals.
Aravind Eye Care certainly shows that beautiful businesses can exist in India, provided you have the vision for it.
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