Subject category:
Entrepreneurship
Published by:
Amity Research Centers
Length: 12 pages
Data source: Published sources
Topics:
Borosil Glass Works Limited; Borosil Limited; Borosil Renewables Ltd; Glass product manufacturing; Solar glass; Laboratory glassware; Microwavable kitchenware; Niche market; Family business; India's glass industry; Business turnaround; Modernisation of family business; Sustainability plans of family business; Lifestyle brand; Diversification
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Abstract
Borosil Glass Works Ltd (Borosil), India's most trusted glassware brand was established in 1962 by BL Kheruka (Kheruka) in Kolkata. The company was manufacturing glass products in collaboration with Corning Glass Works (Corning). In 1988, Kheruka bought the shareholding from corning and became the sole owner of Borosil brand. In 1988, his son Pradeep Kheruka also joined the business. In 2006, Kheruka's grandson Shreevar Kheruka (Shreevar) entered the family business. When he joined Borosil, the company was facing challenges related to labour issues, scouting for an alternative site as Maharashtra Government had doubled electricity prices, etc. Shreevar solved all the issues by 2009. He introduced new product models, new sourcing, and had set up an alternative manufacturing site. In 2010, Kherukas started solar glass manufacturing with the name of Borosil Renewables Ltd and diversified their business operations. In 2013, Shreevar decided to leverage their sourcing and distribution expertise and evolve as a lifestyle brand. By 2017, Borosil became the market leader in India for laboratory glassware and microwavable kitchenware. Gradually, the company evolved to become a globally recognised multi-product, multi brand and multi-channel consumer centric organisation. As of 2020, the company had 4000 employees and was operating from seven locations. Despite facing the adverse impact of coronvirus in 2020, the company updated its technology. However, Borosil had to face competition from steel and plastic products. In such scenario, would Kherukas succeed in taking the business of glass product manufacturing to the next level?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Time period
The events covered by this case took place in 2020-21.Geographical setting
Region:
Asia
Country:
India
Featured company
Borosil Glass Works Ltd
Type:
Public company
Industry:
Houseware
Featured protagonist
- Bill Hwang (male), Founder
About
Abstract
Borosil Glass Works Ltd (Borosil), India's most trusted glassware brand was established in 1962 by BL Kheruka (Kheruka) in Kolkata. The company was manufacturing glass products in collaboration with Corning Glass Works (Corning). In 1988, Kheruka bought the shareholding from corning and became the sole owner of Borosil brand. In 1988, his son Pradeep Kheruka also joined the business. In 2006, Kheruka's grandson Shreevar Kheruka (Shreevar) entered the family business. When he joined Borosil, the company was facing challenges related to labour issues, scouting for an alternative site as Maharashtra Government had doubled electricity prices, etc. Shreevar solved all the issues by 2009. He introduced new product models, new sourcing, and had set up an alternative manufacturing site. In 2010, Kherukas started solar glass manufacturing with the name of Borosil Renewables Ltd and diversified their business operations. In 2013, Shreevar decided to leverage their sourcing and distribution expertise and evolve as a lifestyle brand. By 2017, Borosil became the market leader in India for laboratory glassware and microwavable kitchenware. Gradually, the company evolved to become a globally recognised multi-product, multi brand and multi-channel consumer centric organisation. As of 2020, the company had 4000 employees and was operating from seven locations. Despite facing the adverse impact of coronvirus in 2020, the company updated its technology. However, Borosil had to face competition from steel and plastic products. In such scenario, would Kherukas succeed in taking the business of glass product manufacturing to the next level?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in 2020-21.Geographical setting
Region:
Asia
Country:
India
Featured company
Borosil Glass Works Ltd
Type:
Public company
Industry:
Houseware
Featured protagonist
- Bill Hwang (male), Founder