Dear Ragunathan,
Thanks for your views. Arvind and Nandan are totally different – in terms of their market and style.
Nandan is a mass market player – increasing its sales through market penetration whereas Arvind plays globally through differentiating its products. Indian domestic industry has bee growing at CAGR of 15-18% over several years. Global markets have been increasing at 3-5% CAGR only. Arvind is going to obviously face growth problems since the industry growth rate is in single digits. Moreover, Arvind has been from the very beginning concentrating on more than one items like knitting and has now entered into cosmetics also. Nandan is focussed purely into denim over years.
I am a CA and my firm had Arvind as its client. There is a huge difference between the mgmt of both the companies.
According to me lack of concentration on denim business, mgmt (weak corp governance) and overall global denim market impacted Arvind. Nandan seems to be far far better than Arvind. I might be wrong, and I respect your views. Just keeping my views on the table for a healthy discussion.
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