Until the company is leaded by Mr.

Raj Anand, the company registered a good

turnover of rupees 80 crores within three years of establishment. It was known for
its quality and customer responsiveness. But after the death of Mr. Raj Anand, his
son Mr. Virat Anand took the control over the company, who leads the company to
downward growth. The company witnessed change of management several times.
Four of its CEOs and 12 middle/junior level managers were replaced. It also lost its
major customers, performance, quality of its medical equipments and industrial
relation deteriorated. The company was also unable to pay its dues to the lending
bankers, as two of its leading bankers had served notices to MPMEL for clearance of
its dues. MPMEL also lost trusts of its employees due to various reason as non or
delay payment of salaries, adhoc promotions and inaction of outstanding issues.
Suggested course of action:1. MPMEL dues with Syndicate bank and Bank of Baroda should br cleared or
the loan amount should be restructured with first priority.
2. Issues regarding the salaries or promotion should be solved by conducting a
meeting with employee union.
3. The company should replace the cronies and relatives of Virat Anand from the
Board of Directors and re appoint the old ones if possible. Competent CEOs
and managers should be appointed where is required.
4. The company should concentrate of the quality department, and should take
necessary action with discussion with production manager regarding the
quality control or introduction of new technology.
5. Have a discussion with marketing and strategic department to know the
reasons behind the customer loss and to prepare a new strategy to attract
old and new customers.