Dunlop and Shaw Wallace were once real blue chip companies. But today they hardly exist. What led to this scenario? Your views?
Shaw Wallace was done in by Vijay Mallya, whose equally flamboyant style in business and aggressive expansion to capture the market has sidelined this company.
So is the case with Dunlop, at one time synonymous with tyres. But companies like Apollo Tyres, MRF etc have set up state of the art modern facilities in India as the economy liberalised, that it has become the 2nd largest manufacturer after MRF. And both these companies have a healthy export order position too with Europe being the primary market.
Companies have to innovate, change and steam roll continuously to keep their niche position in any sector lest they are overtaken by more ambitious players.