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Showing posts from April, 2022

Firoz Meeran - Vice Chairman of Group Meeran

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Firoz Meeran is the Vice Chairman of Group Meeran , ME Meeran Foundation and Deputy CEO at Eastern Condiments Private Limited. He also serves as Director of several Group Meeran companies including Eastern Mattresses , Eastea , Amethyst Suits Private Limited, and Locus Constructions.  Firoz Meeran supervises the investments in startups that hold promise from Group Meeran ’s family office. He is an investor of WeTruck , a digital automated shipping marketplace and CloudSEK, a leading AI-powered digital risk management enterprise. Firoz Meeran is passionate about youth-based sports development at the grassroots level and is building opportunities for talent discovery, sports training, coaching, and overall development of the sports environment through strategic collaborations with relevant sporting bodies, sports infrastructure investments and corporate partnerships with companies like Scoreline . Firoz Meeran aligns Group Meeran ’s startup acceleration initiatives with the Gro...

Advantages of Family Business in India

Family businesses in India still thrive in today’s competitive economy. As most prosperous family businesses are not only well-founded but also well-run. Knowing the following advantages of being in a family-owned and -run business can help business owners maximise each one of their family-owned businesses : Commitment and unified leadership Stability Trust and authenticity Flexibility and versatility Vision and long-term goals Decrease costs and expenditures Next-generation ingenuity Commitment and unified leadership It is innate that all family members demonstrate and share a level of dedication to the firm since the core of any family business is a shared business vision and identity. That dedication is hard to find, much less imitate, in any other non-family business organisation. Because the family firm’s vision is as invariant as it is cohesive, it opens more opportunities for business development and the business’ continued success. It also results in a more agreeable leadershi...

Family Businesses in India | Group Business in India

Family owned and run businesses are the oldest and most prevalent form of business owners anywhere in the world. Family businesses form the backbone of any country’s capital and thrift. In India, keeping business ownership within a family is a deeply rooted practice for ages. India enjoys a rich and magnificent history of family-owned businesses . Initially, family businesses in India started in the form of trading and money lending concerning the hustle and bustle of the bazaar. It was also confined to certain communities, notably the Gujarati and Marwari, especially in western and northern India. Today, family business almost contributes around 80 per cent of the national GDP annually. According to various estimations, more than 80% of the companies in India are family-owned. Advantages of Family-Owned Businesses Family businesses are still thriving in today’s competitive thrift. The following are some of the advantages of a family-owned business : 1. Stability Family businesses i...

Navas Meeran - Chairman of Group Meeran

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Navas Meeran is currently the Chairman of Meeran Group of Companies , a fast-developing and progressive group based in Kerala. Their food processing team is the flagship company of Group Meeran . Besides, they are also hired in fields like Tread Rubber, Garments, Rubberized Coir mattresses , Education, Hospitality etc. The group has an ambitious plan for expansion at the global level and has strategic alignment with the US spices giant McCormick & Co Inc. Group Meeran have their presence in countries like the Middle East, UK, US, Australia etc. Eastern Condiments is India's number one and world number two ranked spice processing company by volume. He is a young and dynamic leader who had donated substantially to the growth of this group to its present stature. Co-Chair – Innovation and Entrepreneurship council, CII National Council Member – Economic Growth and Investment Council, CII Southern Region Chairman- M E Meeran Foundation for Entrepreneurship, Leadership and Inno...

Business Groups in India

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 A business group or group of companies is a collection of parent and subsidiary corporations that function as a single economic commodity through a common source of control. If the corporations are engaged in completely different businesses, the group is called a conglomerate. Concept of Business Group Business groups are a prevailing economic force in India particularly and have been so historically. About 31 per cent of firms in India belong to business groups but this 31 per cent accounts for almost 59 per cent of total assets held by all firms in India. This highlights the economic importance of business groups in the Indian context and makes it compulsory to understand how they work. Business groups are an important part of a nation's thrift and a major contributor to the GDP of the country. The industrial strategy of many developing economies is identified by various business groups . They have been an important part of the economy ever since the emergence of industria...

Shereen Navas - Wife of Navas Meeran

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  Shereen Navas began her career at the New Product Division of Eastern Condiments, then a part of Group Meeran .  It was a blend of her culinary preferences and entrepreneurial skills that led to creating a new masala range for North Indian cuisine, that was becoming steadily popular in South India. From there on she has stepped up whenever she was needed at Group Meeran . For every venture that Group Meeran has begun, Shereen has been an integral part of it.  Shereen Navas is the wife of Navas Meeran . Currently, she is the Managing Director of Sunidra Mattresses , a role she has held since 2019. Shereen Navas has a bachelor’s degree in English Literature.

Navas Meeran - Chairman of Group Meeran

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Navas Meeran is an entrepreneur and Chairman of Meeran Group of Companies . He is also the director of several other companies like Eastea Chai Private Ltd, Eastern Mattresses , Nanma Properties Ltd, Eastern Treads , etc. He is well known for his works in the Eastern Condiments Pvt Ltd, founded by his father, M.E. Meeran in 1989. Through his hard work, Navas Meeran helped the company achieve greater heights. Since we started our journey in 1968, we have demonstrated the power of entrepreneurship and our ability to build high-quality enterprises and more lately, collaborate with entrepreneurs and managers to create unique business models in a diverse range of business areas. Each of these businesses represents excellence in their respective fields. From a small store called “Eastern Trading Company” located in Kochi Group Meeran has come a long way with its presence spread across different product verticals and across various countries.  From its inception in 1968 to this day, ...