India Inc's 10 Most Successful Turnaround Tales

8. Arvind Uppal
President, Asia Pacific, Whirlpool

Whirlpool President (Asia Pacific) Arvind Uppal took charge of the company when a total crisis situation was going on. Arvind noted that the employee morale within the organization was detoriating rapidly as the company was incurring losses.

Soon he realized that there was a strong requirement to boost up the morale and create a wining team and focused on strengths such as people and product innovation.

Today Whirlpool is one of the leading home appliances manufacturers in the country.

9. Rakesh Jain
MD of Aditya Birla Nuvo

Aditya Birla Nuvo (ABNL) was pushed into the red zone when the 2008/09 crisis hit the economy. This affected the next financial year 2009/2010 and the growth momentum.

Among such serious conditions, the company needed some magic solutions to boost up the morale and overcome the crisis. Rakesh Jain, MD of Aditya Birla Nuvo concentrated on rationalizing costs, infusing capital, reducing debt and most importantly restructured some businesses.

10. Sunil Duggal
CEO, Dabur India

Though there was high demand for the Dabur products, yet the company was facing hard time to meet the requirements and grow further.

As a remedy a careful verification of the business was commenced, and the core group decided on a multipronged growth plan.

“As the first step, we decided to outsource non-core businesses like IT, and to concentrate on making quality consumer products. Simultaneously, we decided to refurbish our product portfolio and enter several emerging and sunrise categories such as skin care, packaged fruit juice and toothpaste”, said Sunil.

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