Mid-way in their success story, two incidents had a major impact on the Dhote brothers. In the 2005 deluge, which paralysed almost the whole of Mumbai, DOT’s printing operations were affected for six months. The equipment housed on the ground floor of the building were damaged. However, interestingly enough, the financials and turnover did not take a toll. In fact, according to Uday, the financial year (FY) 2005-06 was better than FY05.
We continued to invest in new equipment and technology with debt finance and LC. We were dealt a huge blow in 2009 when the Japanese Yen took a beating in 2009-2010. We had to settle the LC at 40% higher Yen