Rise, Rise and Rise for the Solar Industries: What Legacy SAMC and MOGI Companies can Learn from it (Part-2)

Abstract

In the 1st part of the article, we learned about the progress of solar explosives from a medium quality explosive manufacturer to a major defense armaments manufacturer in India. We discussed: consolidation of the business with high value customer accrual, diversification of the business - from mass mine explosives to blasting accessories to ammunition, alignment with multiple foreign partners, sourcing cheap investments from various countries, understanding Indian defense imports were rising leading to currency issues and finally the early mover advantage in to the defense sector. The learning of the SAM and MOGI companies is that they have to seize with new opportunities and persist with them as vigorously as possible. In this conclusive part we discuss what Solar did differently: their achievements, the timing, the alignment, keeping the operations keyed to share market moves, the organizational moves and total productive maintenance to produce quality products.