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Article: INdia : PTL revival plan to steer Satyam.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
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Byline: Mamta03
Software and tractors may be as different as chalk and cheese, but that isn t preventing Mahindra & Mahindra (M&M ) group from extending strategies it used to revive ailing Punjab Tractors (PTL) to its latest acquisition the scam-scarred erstwhile Satyam Computer Services.
Mahindra managed to turn around the fortunes of PTL within two years of acquiring it in early 2007 for Rs 1,400 crore, and it s so convinced about the efficacy of that turnaround formula that it has become a blueprint of sorts for the group.
You could call it the Mahindra way of acquiring, integrating and building up a business. I am sure these principles that ...