MBA graduate’s business success

Tails Trading Group, a UK-based supplier of multi-category consumer packaged goods led by entrepreneur and SBS graduate Siddharth Shankar, has announced the sale of its private labelling arm to a large international investor consortium for GBP 395 million.

The group's labelling division has been a key supplier of a wide range of products including food and beverages, personal hygiene items, small domestic appliances and household cleaning products, with its diverse client base made up of large retailers, hotels, airlines and regional importers across North America and Europe.

Terming this as a strategic move marking a significant milestone in his company's evolution, Siddharth Shankar, CEO of Tails Trading Group, said, “We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management.”

According to the group statement, the investor consortium is led by energy major NetOil and includes companies from the consumer brand distribution sector in Europe, a prominent American retailer, and a green supply chain company from the US.

As someone who arrived in the UK from India in 2016 to complete his MBA at Strathclyde Business School, the entrepreneur is also passionate about the opportunities within the India-UK corridor.

He said, “Having gained extensive experience in the realm of global trade, I am firmly convinced that the UK-India corridor holds immense potential. Both nations stand to gain significantly by accessing each other's markets, technologies, investment opportunities, and talent pools.”

While a student at Strathclyde, Siddharth wrote a blog post about his new venture – it can be found on the SBS blog page

Published: 8 October 2024