Archive · 10 Dec 2025
CG Power's Remarkable Turnaround Under N. Srinivasan
CG Power was in big trouble with lots of debt and no one trusting the company.
N. Srinivasan took charge and made some big changes.
He fixed the money problems, made deals with the people the company owed money to, and made sure the workers and suppliers believed in the company again.
Because of these changes, CG Power started making money again, got back its place in the market, and no longer had any debt.
This shows how a company can come back from the brink of failure.
CG Power was on the brink of collapse with stalled operations, mounting debt, and eroded investor confidence.
N. Srinivasan led a remarkable turnaround through financial restructuring and strategic settlements with creditors.
The company restored trust with employees and vendors during the pandemic.
CG Power returned to profitability, regained market share, and became debt-free.
The turnaround offers a blueprint for future corporate recoveries in India.
- Who
- N. Srinivasan
- What
- Engineered a remarkable turnaround of CG Power
- When
- During the pandemic
- Where
- India
- Why
- To save the company from collapse and restore its financial health
- Company
- CG Power
- Leadership
- N. Srinivasan
- Status Before Turnaround
- On the brink of collapse with stalled operations, mounting debt, and eroded investor confidence
- Turnaround Strategies
- Financial restructuring, strategic settlements with creditors, and restoring trust with employees and vendors
- Outcome
- Returned to profitability, regained market share, and became debt-free
- Significance
- Offers a blueprint for India's next generation of corporate turnarounds