))
Preparing 4th Generation Growth
Manage episode 337437592 series 2801738
Inhoud geleverd door Benno Duenkelsbuehler. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Benno Duenkelsbuehler of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Sumeet Nath has grown his 3rd generation business into a leading group of factories with 6,000 employees. Each generation worked to keep the business relevant by updating product mix, customer mix, organization and indeed ownership.
3:52 – after Sumeet walked me through a short historic overview how the Indian region of Panipat became a trade center for textiles, and the company’s change after WW2 when in 1945 “the company had to morph, had to have a reality check, that’s how we started spinning wool and yarn.”
4:52 – “I wanted to start a different aspect of the company… that how we started making carpets, in 1991.”
5:44 – “You should never be satisfied with the situation, because you never know what happens the next day.”
7:25 – “Everything is going so great… you think you’re a genius… then the wheels come off and you commit to never being caught with customer concentration.”
9:20 – “Fashion having become a part of the rug business (unlike decades ago), now sustainability and eco-friendly thought process is on the consumers’ minds, how does that effect your business, how your product evolves?”
10:33 – “Five of our factories are converted to 100% solar.”
14:15 – “We saw that opportunity… that raised my curiosity… a good businessman always follows their instincts.”
16:19 – “If there is something new, unless it is tried, you will never know if it’s helpful or not.”
17:56 – Sumeet shares how he is preparing the organization for the 4th generation (including possibly an ESOP – employee stock ownership plan) and at 20:26 – “we have to prepare that Raj lives much beyond the family. We are responsible for 6000 people.”
23:23 – “I believe in baby steps, and we started to take baby steps decades ago.”
24:04 – “Stay nimble, stay humble, and take every day to learn something.”
You can find Sumeet Nath on LinkedIn, or you can reach him at sumeet@rajgroup.in.
Always growing.
Benno Duenkelsbuehler
CEO & Chief Sherpa of (re)ALIGN
143 afleveringen
Delen
