Entrepreneurial Abilities

This all was done by Nambiar even before anybody could sense similar business opportunities, bringing out his true entrepreneurial abilities and giving BPL a head-start. The 90s certainly heralded a significant change in the dynamics of Indian businesses, but for Nambiar, this era had a completely different significance. On one hand, while the group, which was already a household name in India’s consumer durable sector (with its joint ventures with the likes of Sanyo), saw the emergence of killing competition in the form of global companies like Samsung, LG, Sony; on the other hand, in the year 1991, Nambiar married off his daughter Anju to Rajeev Chandrasekhar, and soon made him the Executive Director of BPL Mobile, and even transferring considerable shareholding, steps that would go down in the history books as one of the biggest strategic blunders ever committed.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006