Dr. Nalli Kuppusamy Chetty was awaiting his granddaughter at the
airport. But all the while he was brainstorming on the fate of his venture - Nalli sarees (1928). Nalli sarees had been a renowned brand of kanchipuram silk sarees till date and had further evolved into a global brand with more verticals on offer such as the banarasi silk sarees, embroidery sarees, cotton sarees, ready to stitch sets and dhotis were on offer at present. The aching point on the line was exposed now in 2011 as Nalli sarees had been fighting tooth and nail with market competition for survival. Other contemporaries had resorted
to
humangous
advertising,
special
offers,
seasonal
discounts, locationwise competitive pricing, etcetera and also
compromising on quality to lure customers at lower prices whereas Nalli sarees had always advertised its brand through word of mouth, retained its quality by employing traditional weavers
( who were
now switching to other occupancies), honest silkmoth harvesters
( who provided for genuine silk), and common blanket pricing irrespective of locations always keeping customer service and satisfaction as the first priority. Nalli sarees also provided refunds on articles ( embroidery sarees, cotton sarees, ready to stitch sets) which were not refunded by weavers and provided for huge space for customers in posh cities even when estate prices skyrocketed. As per data collected embroidery sarees and cotton sarees brought in minimal profits whereas ready to stitch sets, materials and and dhotis even incurred losses but these were made by the huge profits from
kanchipuram
profitability
of
silk
Nalli
sarees.
sarees
These
and
Dr.
factors Nalli
were
was
affecting
awaiting
his
granddaughter- an ISB alumni to discuss over for a solution.