Tinplate Revives A Sick Hospital
When The Tinplate Co of India slipped into losses in 1996-97, the company initially hoped the bad times were an aberration and would pass.
After a couple of years, when things went from bad to worse, the company quite naturally adopted a comprehensive restructuring programme, one of the obvious components of which was elimination of all non-core heads of expenditure.
The attention naturally fell on the Tinplate Hospital, a facility with 200 beds that has today charted an amazing turnaround.
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It happened because the company management under new managing director B L Raina and the hospital team were not willing to give up their hospital so easily.
They came up with a turnaround plan that envisaged upgrading the hospital, throwing it open to other companies and converting it into a profit centre.