IFCI: The Fall and the Need for Revival
商品編號：9B13N026
出版日期：2013/12/19
再版日期：2013/12/18
商品來源：
商品主題：Finance; International Business
商品類型：Case (Pub Mat)
涵蓋議題：Accounting;restructuring;financial institutions;India
難易度：5 - MBA/Postgraduate
內容長度：22 頁
地域：India
產業：Finance and Insurance
事件年度：2004
After independence in 1947, the government of India founded the Industrial Finance Corporation of India as the first development financial institution to provide medium- and long-term loans to public limited companies and cooperative societies engaged in productive activities. Then in 1991, the government’s New Economic Policy opened the door to liberalization, privatization and globalization of the Indian economy. The company was restructured and incorporated in 1993 but was unable to diversify its business model from project financing to other financial services. By 2004, it had almost collapsed; its profitability had become negative. Non-performing assets had reached their peak, and the company did not have money to do business. It began selling off and/or renting out its premises, going door-to-door to save its future, and employee morale hit rock bottom. The business had become unsustainable and unviable. With this as backdrop, the board of directors needs to decide on the company’s future. What is their best option: liquidation, restructuring, merger or strategic partnership?
教學手冊：IFCI: The Fall and the Need for Revival - Teaching Note
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