Article taken from "The Economic Times",Written by Ravi Balakrishnan, TNN Oct 5, 2005, 12.06am IST
Nalli
Chinnaswami Chetty more popularly known as Nalli is the stuff of
contemporary legend. There's of course the story of a weaver with a
single loom operating out of the temple town of Kanchipuram way back in
the early 20th century, starting what would eventually become a Rs 350
crore multinational store chain with its own branded line of materials
sold at Selfridges. But there are also several new chapters to the
legend, spoken of with considerable delight by Dr Nalli Kuppuswami
Chetti, the third generation entrepreneur who currently runs Nalli.One
of his favourite tales about the store is the time a well-built
foreigner strode through it, looked around and then headed to the exit
without buying anything. Puzzled, Chetti accosted him only to find he
was Thomas G Bata, (the chairman of Bata) who said he'd heard of the
Nalli brand and while passing through Chennai, stepped in to see what it
was all about. Friends and associates of Chetti speak of the time when,
unable to satisfy a customer who wanted a high-end sari (in the price
range of Rs 50,000), he sent the disappointed would-be buyer to
competitor (and relative by marriage) Kumaran Silks. Many of Chetti's
family members also have stores called Nalli, but the three-storey
showroom that extends across two streets is the first destination for
just about everybody — from shoppers to rickshaw drivers when asked to
be taken to Nalli.
Location
was of course something that Kuppuswami Chetti's grandfather,
Chinnaswami Chetty was quick to grasp. He was a relatively small player
in Kanchipuram — others in the town, many of them migrants from Kutch,
owned as many as 2,000 looms each. He was, however, the first to move
his store and residence to the main street on the way to the Perumal
temple Saved the hassle of
having to navigate the labyrinthine by-lanes of Kanchipuram, visitors to
the town (who invariably had purchasing saris on their agenda) began to
patronise Chetty in large numbers. Wedding saris became something of a
speciality and Chetty found himself making frequent trips to Chennai to
deliver orders, mainly to wealthy patrons in Mylapore. Chetti says of
his grandfather, "The main principle was quality at the lowest possible
price and delivering the sari on schedule."
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