IT ALL STARTED WITH AN IDEA. For a young Sunil Vachani, the proposition was simple: to set up a company that would specialise in manufacturing electronic components and products on behalf of other firms. And with this idea, he approached his father for funds. But this was the early 1990s, and India then was a different place. Then, electronics manufacturing was confined mainly to television and refrigerators. Moreover, most leading players preferred to keep their production inhouse. What we know today as electronics manufacturing services (EMS), was virtually unheard of back in the day. Vachani, however, was confident about its future. Freshly back from London with a graduate degree, the young entrepreneur's journey took flight in December 1993 when his father finally agreed to back his plan. "He trusted me and said, 'I am going to give you four things.' He gave me a small capital to start the venture; chose the name Dixon [for the venture]; sent one of his trusted protégées, Atul Lall, and [gave me] his blessings. That's how the journey began," says Vachani, who is the winner in the Consumer Goods & Durables category of the BTPwC India's Best CEOs ranking this year. Atul Lall is now the CEO of Dixon.
Denne historien er fra March 17, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 17, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach