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Rise of Petrochem CEO Yogesh Mehta: From a monthly salary of Dh2,000 to owning a billion dollar firm in Dubai


Dubai: From a salary of Dh2, 000 a month to owning a billion-dollar company, the rise of Yogesh Mehta, 61, CEO of Petrochem Middle East - the largest chemical distributor in the Middle East - has been phenomenal. Mehta, who came to UAE in 1990, runs this family-owned business along with his son Rohan, 32, and a team of dedicated professionals.
When it all started
Bitten by the entrepreneur bug right from a young age, Mehta started his first business when he was 19 years old. “I ventured into some trading business. Some of it worked some did not.”
Yogesh Mehta got married to Falguni when he was 24. ....

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stocks to buy in 2021: Yogesh Mehta on 3 auto stocks to bet on


Are markets showing resilience?
The market is very choppy and a sectoral rotation is visible. Post the 14-month strong run up from March to May 2021, the market is showing some kind of resistance at 16,000. Probably sectoral rotation is showing up in some kind of action in the market and 16K is proving to be too difficult to cross that easily. Two months is a long time.
There is no correlation between value and price. Participants are buying any stocks at any price and at any valuation and that is showing up in some kind of frenzy in the stocks. If we consider indices’ composition, then HDFC Bank and ....

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