Subrata Roy has started to rally his huge human resource pool for help. Out on parole from Tihar Jail, Roy has been travelling to different cities (Delhi, Mumbai, Patna, etc) for specially arranged meetings with thousands of Sahara employees and agents. The cities were plastered with Sahara ads to announce his arrival but the meetings were behind closed doors with only his employees, especially the fund agents who were given special identity cards for the event. Meanwhile, HDFC Realty and SBI Caps have begun liquidating some of Sahara’s properties to collect the debts which landed him in jail. But it seems Roy has not yet packed his bags. He will try to rejuvenate his business.
This is called converting a disaster into an opportunity. After a fire at one of Maruti Suzuki’s key air-conditioner vendors Subros’s Manesar unit last week, India’s largest carmaker had to suspend production at both its Gurgaon and Manesar plants. This also forced Maruti Suzuki’s other vendors to shut down operations as production in the main unit was suspended. While this is not an ideal scenario at a time when many of MSIL’s new cars have a waiting list, the carmaker has advanced its annual maintenance shutdown of its plant from the end of the year to now and is utilising this unscheduled stoppage of production for maintenance of the plant.