I’m More Than My Surname: Shashwat Goenka

Even as a kid whenever Shashwat used to go shopping, he was never interested in buying things, he was keen to know why shoppers shop the way they shop. Even as a grownup he had more affinity towards consumer facing companies. 
After finishing his graduation from The Wharton School, University of Pennsylvania, working with KPMG and Nestle, Shashwat joined the family business in 2012 working across various group companies. The above instances showcase why out of the various businesses under the RP-Sanjiv Goenka group Shashwat got interested in Spencer’s. On how the learning platform has been, Shashwat says, “The advantage with retail is if you take a decision tomorrow you can actually evaluate it by next week, so you don’t have to wait for months unlike other businesses.” In 2013, once Shashwat was made incharge he brought in a lot of processes, which he found lacking in the business. His next focus area was reducing cost across stores.
When he started Spencer’s had a loss of -23 crore a month. Right now it is -1.2 to 2 crore a month. However, Shashwat still doesn’t consider it an achievement. On when he will count it as a major change, Shashwat says, “Last year in May we broke even just for a month. But it has not been consistent. Retail is a very low-margin business. In a year it will break even. Next year we expect it to be running profitably.” Currently, Spencer’s has 120 stores out of which 37 are hypermarkets and the rest are convenience stores. 

Though spread across the country Spencer’s dominates in North, East and South India. Shashwat also played an active role in the acquisition of BPO Firstsource Solutions. Another acquisition marking the retail arm’s entry into e-commerce was buyout of meragrocer.com. Talking about learning the art from his grandfather Late R P Goenka who has been known to be a takeover master, Shashwat reminisces, “He used to say just think beyond, there is nothing that’s not possible.”
Also Read:  and 
This article first appeared in the Indian edition of Entrepreneur magazine (August 2016 Issue).

Don't use plagiarized sources. Get Your Custom Essay on
I’m More Than My Surname: Shashwat Goenka
For as low as $13/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Live Chat 1 763 309 4299EmailWhatsApp

Order your essay today and save 20% with the discount code WELCOME