Archive · 23 Jun 2025
Maharashtra State Transport Faces Mounting Losses; Recovery Plan Outlined
The Maharashtra State Road Transport Corporation (MSRTC), which runs buses, is in big financial trouble, with over 10,000 crore rupees in losses.
A new report explains how the company is losing money.
The government hopes to fix the problems.
The Transport Minister aims to bring the company back to profit within four years.
They also plan to improve bus service for people in remote areas.
The report shows the company has been profitable for only eight years in the past.
MSRTC's accumulated losses reached ₹10,324 crore in 2023-24.
A white paper was released detailing the financial condition of MSRTC.
The corporation has reported an unaudited loss of ₹1,217 crore for FY2024-25.
Transport Minister Pratap Sarnaik stated the goal of bringing MSRTC into profit within four years.
MSRTC plans to deploy 50 mini-buses to enhance transport access for tribal populations.
- Who
- Maharashtra State Road Transport Corporation (MSRTC) and Transport Minister Pratap Sarnaik.
- What
- MSRTC's financial condition and recovery plan.
- When
- Losses for 2023-24 were reported on Monday, June 23, 2025.
- Where
- Maharashtra
- Why
- To present a transparent account of financial distress and outline a recovery roadmap.
MSRTC Management
Maharashtra Government
Financial Transparency
MSRTC Management
Acknowledges the financial distress and outlines a recovery plan.
Maharashtra Government
Acknowledges the financial distress and outlines a recovery plan.
- Organization
- Maharashtra State Road Transport Corporation (MSRTC)
- Accumulated Loss (2023-24)
- ₹10,324 crore
- Unaudited Loss (FY2024-25)
- ₹1,217 crore
- Years in Profit (45 years)
- 8
- Transport Minister
- Pratap Sarnaik
Sources
Maharashtra Transport Minister Pratap Sarnaik To Release White Paper On MSRTC’s Financial Crisis
Maharashtra News: MSRTC's Losses Soar To ₹10,324 Crore In FY 2023-24; White Paper Reveals Financial Crisis