Analysis of Corporate Reorganization, rearrangement, reshuffling of Gujarat State Road Transport Company

 Analysis of Corporate Restructuring of Gujarat State Street Transport Corporation Essay

Indian Institute of Management Indore

Towards the Proper Transformation of Gujarat State

Road Transportation Corporation

INTRO

Gujarat Point out Road Transportation Corporation (GSRTC), the State Transfer Undertaking (STU) of Gujarat, came into existence for the 1st of May, 60 as a result of croisement and rearrangement of the claims, post freedom. Over the next five decades, it grew from a modest you start with 7 categories, 76 depots, 7 divisional workshops and 1767 busses to 18 divisions, 125 depots, 226 bus channels, 1554 gathering stands and 7750 busses. Consistent with it is three tiered administrative framework, GSRTC build three tier maintenance and repair center consisting of 126 depot training courses, 16 divisional workshops and a central workshop. Besides, it also constructed 7 Tyre-Retreading plants, one particular bus bodybuilding plant which has a capacity of 1000 shuttle bus bodies/year and 1 ticketed printing press. In terms of functions, it works 65221 schedules of chartering per day with an average of 6684 vehicles on road per day. The regular vehicle usage stands at 417 km/day with a usage efficiency of 5. 53 km/l of diesel and a fleet utilization of 87. 89%. The yearly traveler load is approximately 875 Million with a total traffic generating of Rs. 13474 , 000, 000. GSRTC supplies connectivity to approximately 98% of countryside Gujarat since also some crucial travel destinations in the adjoining areas. When it comes to population, the corporation covers 00% of the state's population. Unlike the functional expansion, the financial performance however had been less amazing, with the firm accumulating failures in its balance sheet for progressive, gradual years. The losses had been a result of a mix of factors – both external and internal in mother nature and beginning. This necessitated a turn-around initiative toward profitability. As a first step towards turnaround method, the corporation expanded its eye-sight and objective

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