Family Business Management

Presented By: Aakash Patel

Shweta Nakrani
Kinjal Shah Parthasarthy Chowdhary

Dhruv Kapadia

Chunawala Fabrics

INTRODUCTION

Chunawala Fabrics A weaving business

Business is run by two brothers :

Samir Dineshbhai Padshah

CA Arjun Padshah

How the business was started?

Started by their fathers and they inherited the entire business 2nd generation handling the business Fathers are acting as consultants in the business

What is the uniqueness(s) in their business which has made it successful?

Branding : Quality and quantity of the product is

above the standard

Sample Dyeing & Printing for quality checks Two tier management Day to day management of departments done by brothers CA Arjun : incharge of the finance dept.

What has led to their sustainability or nonsustainability in the market?

Mass production due to
Increase in fixed costs along with variable
costs Reduction in profit margin

Repairing of building are the main fixed costs. Increase in labor costs and electricity.

Do they have any plans to expand or survive the present situation?

Currently in expansion stage

Addition of new factory

Planning to expand new factory Planning to increase the production of old factory

Broadcast media And Tourque Automobile dealership

Ganshyambhai Bhungalia Satishbhai Bhungalia

Starting of Business
Father owned Marble Mines Funds from the Marble Mine invested in Broadcast Media Started a television channel named IN Channel in 1998 In 2002, changed the channel to Mitra Channel

In 2007, the channel started its broadcast at state level with the name GTPL
In 2008, entered into Automobile Business Purchased a loss making showroom after the floods in the Surat City

Uniqueness in the Business

Goodwill of the two brothers Very strong networking and contacts Ancestral family name Confidence and power

Ability to take risk

Trust on themselves

Trust on others as well

Uniqueness in each business

SKODA Trust on the German brand Risk takers

GTPL
Vision of continuous expansion

Goal to create a monopoly

healthy relations with the government

Sustainability in market
The perfect location of the business Starting the business at the correct time Network with the social group

Expansion
To make GTPL a national Channel To start with new showrooms in Gujarat and Maharashtra

UNIQUE LACE

Father : Prafulchandra Mohanlal

Jariwala Son : Pranav Prafulvhandra Jariwala

How did they start their business?

Father running a textile company Aaditya Weaving Works consisting of 60 looms.

Due to competitive market want to diversify/expand the business to earn high profits.
Prafulchandra Mohanlal Jariwala wanted to start a company manufacturing a fancy lace but was unable to do so because of lack of human support from family. Now son being a MBA graduate and have taken experience on the field doing trading has joined the company. Started UNIQUE LACE in 2010.

UNIQUE LACE
Started in 2010 with only 3 Jhalar machine to produce lace have now expanded to 10 in house machine.

Have started giving job work appointment to others to distribute work load and increase the production reducing their hassle and capital involvement. 15 job work personnel operating over 50 60 machines.
The main part is Pranav had taken a lot of experience in trading and created a lot of contacts. This contacts have helped them in easy access in the market.

what is the uniqueness in their business which has made them successful or not?
Employees trust and dedication. Creativity at its peak.

Father son bonding and understanding.

Fathers experience in production and operations and sons experience in marketing. Diversified no. of design.
500+ designs in the portfolio. 20 new designs per month.

what has led to their sustainability or non- sustainability in the market.

Actually the business had done very well and is currently sustaining at its best.

Hard work and dedication.

Monopoly designs and working pattern.

Planned market growth.

New in market but well known by the previous business and society relations.

Do they have plans to expand or survive the present situations?

Yes, expand the business to new and modern technology and new innovative way of production.
Expand into narrow-fabrics and crochets machine.

Get an full time in house designer team.

Expand in their own business markets.(Geologically) Start some of the forward and backward integration to reduce cost and improve a consistent supply of raw materials with the best quality.

Thank You