Hello, listeners, and welcome back to part 2 of the 51st episode of First Principles.

Ms. Kalpana Morparia reached out to us via email after the bro-ification episode. It was the most pleasant surprise and we immediately knew we had to get her on the podcast.

Here's someone who joined ICICI in 1975 as a lawyer, had absolutely no background in finance, and was then asked to run Treasury. She was terrified but her colleagues told her: "You do not say no to Mr. Kamath and live to have a great career in ICICI."

So she said yes and built one of the most remarkable careers in Indian banking.

She talks about the ICICI culture where contradicting the chairman wasn't just allowed, it was encouraged. A senior JPMorgan executive once said the most impressive thing about ICICI was that "the junior-most person could contradict the chairman and get away with it."

She also gets candid about things most leaders don't talk about. Like why she wishes she had done an MBA. Why she has strong opinions about people's physical appearance at work and knows it's a flaw. Why her spiritual guru completely changed her relationship with the one thing she considered her biggest regret in life.

She went to a Ferrari racetrack and hit 304 kmph. She believes work-life balance is nonsense and wishes every youngster would realize that life is work and work is life.

Listen in for all this and more, including why she thinks India's next 30 years belong to banking, healthcare, and infrastructure. Why retirement at 60 is an outdated concept. And why on a scale of 1 to 10, she rates her happiness at 9 plus.

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This episode was produced by Uddantika Kashyap and mixed and mastered by Rajiv CN.

Write to us at fp@the-ken.com with your feedback, suggestions, and guests you would want to see on First Principles.

If you enjoyed this episode, please help us spread the word by sharing and gifting it to your friends and family.v

Hello, listeners, and welcome back to part 1 of the 51st episode of First Principles.

Ms. Kalpana Morparia reached out to us via email after the bro-ification episode. It was the most pleasant surprise and we immediately knew we had to get her on the podcast.

Here's someone who joined ICICI in 1975 as a lawyer, had absolutely no background in finance, and was then asked to run Treasury. She was terrified but her colleagues told her: "You do not say no to Mr. Kamath and live to have a great career in ICICI."

So she said yes and built one of the most remarkable careers in Indian banking.

She talks about the ICICI culture where contradicting the chairman wasn't just allowed, it was encouraged. A senior JPMorgan executive once said the most impressive thing about ICICI was that "the junior-most person could contradict the chairman and get away with it."

She also gets candid about things most leaders don't talk about. Like why she wishes she had done an MBA. Why she has strong opinions about people's physical appearance at work and knows it's a flaw. Why her spiritual guru completely changed her relationship with the one thing she considered her biggest regret in life.

She went to a Ferrari racetrack and hit 304 kmph. She believes work-life balance is nonsense and wishes every youngster would realize that life is work and work is life.

Listen in for all this and more, including why she thinks India's next 30 years belong to banking, healthcare, and infrastructure. Why retirement at 60 is an outdated concept. And why on a scale of 1 to 10, she rates her happiness at 9 plus.

**********

This episode was produced by Uddantika Kashyap and mixed and mastered by Rajiv CN.

Write to us at fp@the-ken.com with your feedback, suggestions, and guests you would want to see on First Principles.

If you enjoyed this episode, please help us spread the word by sharing and gifting it to your friends and family.

In the 2nd part of the 50th episode of First Principles, Rohit Chennamaneni, co-founder of Darwinbox, joins the show to talk about what changes after the early chaos of a startup fades.

He explains how Darwinbox has operated without a CEO for years, how the 3 founders divide ownership of decisions instead of debating everything together, and why this structure helped them move faster as the company grew.

Rohit also gets specific about product building. He talks about designing HR software that does not need training sessions or long explanations, why adoption matters more than feature depth, and how small product decisions can end up shaping behaviour across entire organisations.

The conversation also turns inward. Rohit reflects on moments where intelligence stopped being the advantage he thought it was, why staying with uncomfortable problems mattered more, and how his understanding of leadership changed as Darwinbox scaled.

This episode looks at company building through real decisions, and what it takes to keep going long after the excitement wears off.

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This episode was produced by Uddantika Kashyap and mixed and mastered by Rajiv CN.

Write to us at fp@the-ken.com with your feedback, suggestions, and guests you would want to see on First Principles.

If you enjoyed this episode, please help us spread the word by sharing and gifting it to your friends and family.