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Gensol-Blusmart crisis: Founders kill the biz; long live the brand

The BluSmart story is not a one-off. India has witnessed several such instances in the past-brilliant brands or products built from scratch, only to be undone by mismanagement or greed

BluSmart
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BluSmart, another strong brand, has seen support pouring in on social media platforms, such as X and LinkedIn.

Shivani ShindeSharleen Dsouza Mumbai

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India has witnessed several instances in the past like BluSmart — brilliant brands or products built from scratch, only to be undone by mismanagement or greed.
 
Jet Airways is one such case. Although the airline struggled with high fuel costs, mounting debt, and stiff competition from low-cost carriers, founder Naresh Goyal’s role in its downfall cannot be overlooked. And of course, who can forget the Satyam scandal?
 
“There is value left in these brands, but retrieving brands like these is tough. The brand is never unencumbered. Despite promoters having built a good brand and business, the brand most certainly goes