Surinder Kapur
AGE: 68
DESIGNATION: Chairman, Sona Group
THE CHALLENGE: Kapur acquired BLW, a German precision forgings company in February 2008. Three months later, the company was on the verge of insolvency. To save it from going under, he needed cash. But he didn’t have any money.
HOW HE DID IT: Kapur started by firing the management, taking charge himself, cleaning up the stockyards of all inventory, working closely with his customers and successfully negotiating wage cuts with his workers.
A drop in sales
(This story appears in the 14 September, 2012 issue of Forbes India. To visit our Archives, click here.)
An example of hard and dedicatied work... Hats off !!! I am also working for German Company, as German Language Translator. I can understand that how difficult it is to work with europeans and that too in such a situation.
on Mar 17, 2014An example of hard and dedicatied work... Hats off !!! I am also working for German Company, as German Language Translator. I can understand that how difficult it is to work with europeans and that too in such a situation.
on Mar 17, 2014Around 25 years back I happened to attend one session delivered by your goodselves on SSI unit's problems in our training college. During the session one of the participant was deliberately interrupting your statements by counter arguements due to his personal/official assn. with your firm.(I presume your unit was under rehabilttation at that time) As a matter of curiosity I was monitoring the progress of your ventures. During the session you had not reacted to the critisism but you have proved your capacity and determination to survive/grow multifold by your action.I presume that the problems you faced during initial stages and steps taken by you with the guidence and watchful eyes of some dedicated officers of financial institution have helped to reach this level.(taking over blw/solving the problem/successfully running) I wish you all grand success in all your ventures.
on Sep 13, 2012Inspiring! Proves that - When there is a will, there is a way :)
on Sep 13, 2012Nice article. But was it really impossible to find somebody to cut costs, increase profitability, cut networking capital and increase cash flow in Germany? Would love to get in touch with Indian entrepreneurs in Germany.
on Sep 12, 2012