“We try to see what sectors are likely to grow over the next 20 years and even longer,” he says as he plans for the future. Though VCRs, VCDs and DVDs are now obsolete and streaming platforms dominate, Thakral has adapted by shifting to drone distribution. How did the company transition from VCRs to drones?
lnderbethal Singh Thakral, CEO of Thakral Corporation (SGX:AWI
) , sees adaptability as key to long-term success. Once a textile company with a century-long history, Thakral Corporation has since diversified into drones, senior living in Australia, beauty products and commercial property in Japan.
The CEO joined the family business in 1975 and by the 1980s, the company had ventured into consumer electronics distribution in China. During that time, they sold videocassette recorders (VCRs), video CDs (VCDs) and digital video discs (DVDs) — equivalent to YouTube and Netflix today — before the internet era took hold.
