Name:
Vishesh Bhatia
Company:
Jumbo Group
Designation:
Chief Executive Officer
Years in the company: 2 years and 9 months
Years in the retail channel: 30
Biggest industry achievement till date: Chairman of The Electronics Group (the industry association)
Your mentor in the industry: Mr. Majid Al Futtaim – his clear vision, boldness in execution, attention to detail – qualities that I was privileged to appreciate at close quarters.
The late Mr. MR Chhabria from whom in a very short period of time, I was privy to some key learning in driving a business.
Company focus for 2015: To position Jumbo as a diversified conglomerate in the UAE. The focus will be on bolstering the relatively high margin ‘Jumbo Solutions’ business units, which includes Jumbo Engineering, Jumbo Logistics, Jumbo Enterprise, and a newly established business unit offering talent management consultancy branded as Jumbo Force.
Issues in the regional retail channel: Maintaining profit margins without compromising on quality is ultimately the biggest challenge in the retail sector. The grey market continues to be an impediment to healthy competition in this respect.
Key to grow profitably: At Jumbo, we have always believed in the value of risk-taking, and pursuing niche sectors where we can bring experience and add value. With the several layers of convergence in this business, we see integrated diversification as key to our success.
