Narain Karthikeyan along with his mother, Sheela Karthikeyan launched this new collection.
In the three months ending June 30, 2009, sales dipped by 20 percent for Shrenuj & Co and amounted to $31.6 million. Net profits decreased by 26 percent to $681,507 (INR 32.5 million) at the end of the said tenure, reports say. %% In the backdrop of the economic slowdown the company did achieve reducing its expenses by 24 percent to $27.1 million (INR 1.3 billion).
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