Ex-MD says how he changed fortunes of KSRTC
Ex-MD says how he changed fortunes of KSRTC
Manipal: Former Managing Director of Karnataka State Road Transport Corporation, Dr. P. D. Shenoy said he had focused on cost effective management of four M’s --- Manpower, money, machine and materials to turn around the fortunes of the Corporation which had been making losses for 13 years prior to his taking over the charge.
Giving a lecture to the School of Management, Manipal students recently, he said that it was a daunting task to reverse the destiny of the public sector undertaking.
Known for turning around the fortunes of public sector units (PSUs), Shenoy told the management
students that he successfully brought about the desired changes to ensure profits came in almost immediately. He also explained how he had used the carrot and stick approach to stop pilferage and to encourage employees who were honest and dedicated.
He said he had made hard bargain with TATA and Leyland, the suppliers of bus chassis for cost reduction and with the Indian Oil Corporation for a 90-day credit to obtain diesel, which was not given earlier. “Many such measures in effective management of resources resulted in the corporation earning profit in only one year,” Shenoy said. Dr. Raveendranath Nayak, Director of the School of Management welcomed the guest speaker and presented him a memento.
Comments on this Article | |
Jossey Saldanha, Nashville | Tue, July-5-2016, 8:44 |
The only State Transport in India making Profits ... Agree[2]
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