Chile (SQM). The Group has a wide geographical presence spanning states in India and five continents around across the globe. Brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor and Paramfos are from the stables of Murugappa. The organisation has a workforce of over , employees.
commerce - - . . PM iv. Credit Standing Since his private properties are held liable for satisfying business debts, he can get more financial assistance from others.
v. Personal Contact with the Customers Since sole proprietor knows each and every customer individually he can supply goods according to their taste and preferences. Thus he can cultivate personal relationship with the customers. vi.
Flexibility The sole trader can easily adjust himself to the changing requirements of his business. Disadvantages The following are the disadvantages of a Sole Trader. i. Limited Capital Since the capital is contributed by one individual only, business operations have necessarily to be on a limited scale.
ii. Limited Managerial Skill Single person’s intelligence and experience may not help him beyond a certain stage. Since he has to focus on each and every activity, his managerial ability is bound to be limited. iii.
Unlimited Liability The creditors have the right to recover their dues even from the personal property of the proprietor in case the business assets are not sufficient to pay their debts. iv. Lack of Specialisation Since the business unit is small and the financial resources are limited, experts in different fields cannot be employed to secure maximum advantages. Success story of TVS Group TVS Motor Company is the third largest two-wheeler manufacturer in India, with a revenue of over , Cr ($ billion) in - .
It is the flagship company of the ₹ , Cr ($ billion, in - ) TVS Group. The company has an annual sales of million units and an annual capacity of over million vehicles. TVS Motor Company is also the nd largest exporter in India with exports to over Countries. TVS Motor Company Ltd (TVS Motor), member of the TVS Group, is the largest company of the group in