"The Recovery of the Ailing Corporations: The Indian Experience"

Another interesting translation is provided by
mr. mohammad arab mazar
of R. Gopal's
article on "The Recovery of the Ailing
Corporations: The Indian Experience". Ailing
corporations are those firms that have failed
ot reach their objectives and are not capable
of attaining them under thier present structure
and policies. Symptoms are low return on
investment, inability to redeem .debts, inability
to generate funds from internal resources, etc
In India, as a result ot economic liberalization
and privatisstion (partly enforced by the World
Bank, Japanese, and Korean firms) many
publicly owned firms that are available for sale
connot find qualified buyers and therefore, are
subjected to financial reorganization and
bankruptcy.
The author presents internal and external
Factors thst have contributed to the financial
problems of corporations. Although there is
no panaces for all ailing corporations, a case
by case study of coporate resources and
limitations , including its markets,
organizational structure, the size and quality of
its manpower, and its financial resources; ~an
shed light on a proper course of recovery. The
author has also. offered techniques for
preventing corporate failure and suggested
strategies for recovery.