After independence in 1947, the Government of India established the Industrial Finance Corporation of India as the first development finance institution to provide loans to medium and long term for corporations and cooperative societies engaged in productive activities. Then in 1991, the economic policy of the new government has opened the door to liberalization, privatization and globalization of Indian economy. The company was restructured and integrated in 1993, but was not able to diversify its business model project funding to other financial services. In 2004, almost collapsed, profitability became negative. NPLs peaked, and the company has no money to do business. He began selling tension and / or rental of their premises outside, doing door to door to save their future success and moral bedrock. The company had become untenable and unsustainable. With this background, the Council must decide the future of the company. What is the best solution: the liquidation, reorganization, merger or strategic alliance?
by
Shailendra Kumar Rai
C. P. Gupta,
S. Ravi
Source: Ivey Publishing
22 pages.
Date Posted: December 19, 2013. Prod #: W13538-PDF-ENG
IFCI: Fall Revival and need solutions Case
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