Borosil Glass : in pursuit of sparkle! / Navneet Bhatnagar.

Format:

Book

Author/Creator:

Bhatnagar, Navneet, author.

Series:

SAGE Business cases.

SAGE Business cases

Language:

English

Subjects (All):

Family-owned business enterprises--Case studies.

Family-owned business enterprises.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2024.

Summary:

Shreevar Kheruka, the third-generation CEO of his family firm, Borosil Limited, was faced with the twin challenges of sustaining profitable business growth and dealing with the lack of a family governance mechanism. The Mumbai-based company operated a glass business for more than five decades. In 2022, its profitability was affected by rising input costs. Borosil had faced challenges in recent years due to the COVID-19 pandemic, rising inflation as a result of the Russia-Ukraine conflict, and a massive fire at the company's central warehouse. The company also was facing intensifying competition from both local and multinational players. Shreevar's wife, Priyanka, had helped in expanding the product portfolio and developing a new branding framework for the business. The couple also had restructured the business to simplify complicated transactions, supply chains, and other resources. Shreevar was aware that in addition to the changes in the business, they also had to adopt an effective mechanism for family governance, ownership, and wealth management for the sustenance of Borosil. This case study serves as an effective learning tool for participants interested in knowing about family business challenges such as growth, governance, effective spousal teams, the significance of family wealth management, and the maintenance of a family legacy.

Notes:

Description based on XML content.

ISBN:

1-0719-4034-1

9781071940341

OCLC:

1417358530