This ‘Thomas’ doesn’t doubt much!

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Perhaps it gets no time as it’s too busy ‘Cook’ing up ways to grow...
The Indian economy is booming, and so is the rising propensity of Indians to spend and this is directly impacting the tourism sector. Even net foreign exchange earnings are increasing phenomenally at around 20% annually. Thomas Cook (India), now under Dubai Financial LLC, is one company moving ahead with aplomb to capitalise on the opportunities. The company was recently involved in two major M&A deals – its merger with LKP Forex followed by its acquisition of Travel Corporation (India) Ltd. (TCI) for Rs.1.83 billion.

The company’s acquisition of TCI will facilitate a more ‘integrated operation’ for its travel business (which contributes to 78.5% of its revenues) and would help it gain advantage in the already booming travel & tourism industry in India. Expressing optimism about the potential, Udayan Bose, Chairman, Thomas Cook India Ltd. stated, “In view of the increase in inbound tourism that the country is witnessing, for us to be able to offer two platforms for inbound traffic will be a big advantage in the market.”

The merged entity will be in a position to provide the lowest possible price packages to its customers. Thomas Cook’s recent merger with LKP Forex – a major foreign exchange dealer – coupled with its buying of a 76% controlling stake in the Visa service-provider TT Enterprises are steps to provide a more ‘complete portfolio’ of services to customers. This would assist its financial services unit, which operates at high profit margins of around 57% on revenues.

Thomas Cook (India) also plans to increase its count of travel destinations (latest being Israel) to gain competitive advantage via a combination of financial services, logistics, operational integration & travel offers to the maximum possible domestic & international locations. This company is certainly very paranoid about missing the tourism bus!

Edit bureau: M. Arun

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Source : IIPM Editorial, 2006

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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IIPM Press Release :- Defenders of pride

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Ground Zero of a different kind! At the World Trade Center Metro Manila in Pasay, there’ll be made big business of bargaining between December 7 and 17 at the World Bazaar Festival. A little too early to spot Santa but just in time to stack up on all X-Mas goodie bags for kith and kin of all shapes and sizes! Apart from the king-sized deals, feel completely at home with the musical stage shows, story-telling sessions, and fun workshops guaranteed to regale you with more than you ever bargained for! Of the 7000 coral fringed islands of Philippines, blessed with raw blue lagoons seeming to stand untouched from the birth of time, the uninhabited pockets of paradise are also what you could consider ‘picking’ up!

Compiled by: Neha Sarin

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Source : IIPM Editorial, 2006

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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Does this mean that family-fortunes are being dragged over the edge?

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Though less than 4% of family businesses in India have witnessed heartbeats beyond the third generation, yet it cannot be denied that they contribute to more than 60% of national GDP. So has the importance of family-run businesses in India fallen in signifi cance? Certainly not! However, what has received maximum attention of late are the melodramatic splits, which are as real as the studded success stories of men like Dhirubhai Ambani, and Jamshedji Tata. Family run businesses have had to undergo and survive not merely challenges incumbent in a liberalized industrial environment but also radical re-orientations in the oldest institution of civil society – the family – and many illustrious business families have been victims of this double-edged catastrophe. The Birlas, Modis, Sarabhais, Bangurs, Dalmias, Singhanias, Mafatlals, Shrirams, Thapars and Goenkas – pick any and you’d find glory (and fame) and turbulence (and shame) together!

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Source : IIPM Editorial, 2006

Dean of IIPM :- Pofessor Arindam Chaudhuri (Renowned Management Guru and Economist)

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Dialectical dilemma for Communists

When radicalism was imperative...

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Though the Siyaram group has consistently introduced newer brands like Oxemberg and brought in the foreign brand J. Hampstead to India, they all have failed to do the trick for the group. Even their most hyped-up brand ‘Mistair’, launched in 2002, seems to have succeded in creating minimal impact as the gross sales of Siyaram Silk Mills has dropped to Rs.3.40 billion for the financial year 2004-05, from Rs.3.54 billion during the previous year. The same problem is also faced by Govind Rubber Limited (GRL), another group company of the Siyaram-Poddar group. Founded in 1980, GRL manufactures tyres with the brand name International. The company lived its golden days till the liberalization of Indian markets and since then, it’s all about survival and not growth. Its financial data since 2000-01 only shows a deceleration in earnings with gross sales of the company falling to Rs.2.1 billion for the current financial year 2005-06.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

...directed by Nagesh Kukunoor, the latest ad for Maruti from Lowe Lintas wows!

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As the word ‘big’ registers in her mind, she explores it throughout the journey – “Esteem tree, esteem road, esteem mountain!” Meanwhile, the Voice Over calls out: ‘The easy to own big car. Big on power, big on mileage.” And the commercial ends with the girl explaining to her pal, “I am more esteem than you.” The story line of the ad surely is ‘wow!’, but just check out the people behind making of the ad – conceived by Lowe Lintas and master-minded by Priti Nair Chakravarthy, the new campaign has been directed by ace Bollywood Director, Nagesh Kukunoor (of Hyderabad Blues, Iqbal and Dor fame) and has been produced by Rajan Vahi.

According to Priti Nair Chakravarthy, Executive Director, Lowe Lintas, the brief to the creative team from the client side was to showcase the ‘joy of a big car.’ Quiz Priti Nair about the usage of father- daughter relation and she is quick to state, “The father-daughter relationship is a very unique & special bond. It’s potent and that’s what we wanted to explore.”

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

Brand House Retail would be a gateway for fashion and lifestyle retailing.

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“Brand House Retail would be a gateway for fashion and lifestyle retailing. We want to reach all the segments of textile and various demographic of customers...”

After creating Brand House Retail, the group is looking at introducing its own brands in various segments like ready-to-wear and western casual to fill the gap in the company’s existing offerings. Joshi‘s clear focus is demonstrated by his resorting to an exclusive brand for every class. He adds, “You can’t imagine Reid & Taylor having a woman’s suit! We wanted an international brand like Escada, which addresses all the needs of a modern urban woman. Having an Escada store also helped to unleash retail stores that are exclusively for women. Similarly, we wanted to have a brand that takes care of home linen, so we recently launched Carmichael House. It’s essential to have a separate brand for all segments.”

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative