While Subhiksha is figuring out different ways to restart it’s business (they plan to close the debt restructuring round by April 2009), there are a few very important lessons from Subhiksha’s story: (Read: Subhiksha Story – Anatomy of Bust): Subhiksha story highlights the perils of growth
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Subhiksha – started in 1997 was only 150 stores company till 2006 – and suddenly grew to 1,600 stores by 2008. The rapid expansion brought in revenues, but over-confidence blinded the company and we all know where it stands today (inspite of Premji buying 10% stake in Subhiksha) – the company needs Rs. 300...
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