Business Turnaround – Turnaround the subscale India business to achieve multifold growth

09/04/2023

Business:

A Global Diversified Manufacturer of Highly Engineered Products

Challenge:

Turnaround the subscale India business to achieve multi-fold growth

Actions:

Took over as MD of the business and recruited a world-class leadership team, ahead of the curve

Built a culture around “delivering on promises”

Moved up the value chain in products and services offered. Challenged team to be the best in the system in whatever we choose to do.

Lifted employee morale by instilling a sense of pride around achievement

Relentlessly marketed India business to HQ and to customers in the country

Put in processes and key metrics to improve and monitor

Results:

Grew Revenues by 4X, Free Cash Flow by 6X.

Gained credibility globally and secured investments for putting up 2 additional manufacturing operations

Became “Go To” partner for several big Indian customers for solving their immediate issues. Gained market share from an established competitor

Transformed an Engineering Center from doing routine work to one that became a partner in new product development. Eg: A new machine was designed in India, and built in Germany for the world

Share
Tweet

Leave a Reply

Your email address will not be published. Required fields are marked *