Admin Table of Contents
Why Subhiksha failed?
Subhiksha failed because it expanded fast with thin or zero margins. There was a mismatch between cash outflow and inflow. Its debt mounted to Rs 750 crore and in October 2008, the company ran out of funds. Its turnover grew from Rs 330 crore in 2005-06 to Rs 833 crore in 2006-07, and then to Rs 2,305 crore in 2007-08.
What do you think were the two major reasons for subhiksha failure?
RAPID EXPANSION VIA DEBT CAPITAL. Reasons for the failure: Expanding the number of stores rapidly without sufficient funds in hand. Expansion of Stores without adequate system control and IT Support.
Who were the competition of subhiksha?
Subhiksha SWOT Analysis, Competitors & USP
| Subhiksha Brand Analysis | |
|---|---|
| Subhiksha Competition | |
| Subhiksha Competitors | Below are the top 4 competitors of Subhiksha: 1.Reliance Retail 2.RPG group 3.Future Group 4.Star Bazaar |
What happened to subhiksha?
Subhiksha was an Indian retail chain with 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones. It began operations in 1997, and was closed down in 2009 owing to financial mismanagement and a severe cash crunch.
Who is the owner of Subhiksha?
Subhiksha was an Indian retail chain with 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones. It began operations in 1997, and was closed down in 2009 owing to financial mismanagement and a severe cash crunch. Owned by R Subramanian, The company formerly known as Viswapriya Financial Services and Securities Limited.
How many Subhiksha stores are there in India?
By March 1999, the company had 14 stores in Chennai and by mid-2000, the number increased to 50. The company expanded its operation to other states and by 2006, it had 420 stores. Subhiksha had outlets in Gujarat, Delhi, Mumbai, Andhra Pradesh and Karnataka.
Who is Subhiksha Subramanian and why is she being investigated?
Subhiksha was linked by the investigators to at least 42 shell companies which it suspects were used to route bank money. Another eight companies also appear to have been floated by Subramanian.
Why Subhiksha rescue?
Subhiksha to rescue for provding instant service and allotting my family member in one of the best hospital.