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    IR Final

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    Rajesh Umbarkar
    Indian Railways is 156 years old and is the world's largest employer with 1.6 million jobs. It was facing bankruptcy by 2015 due to spending 91% of income on employee salaries and maintenance. Lalu Prasad Yadav rescued Indian Railways when he became the minister in 2004. Under his leadership, fares were not increased, passenger and freight capacity increased, and earnings grew substantially between 2002-2006 due to increased coal, iron ore, fertilizer and other material transportation. Strategies like running more trains and coaches increased passengers. Lalu's management emphasized choosing the right people, delegating work, thinking innovatively, and using information effectively.

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    IR Final

    Uploaded by

    Rajesh Umbarkar
    17 views17 pages
    Indian Railways is 156 years old and is the world's largest employer with 1.6 million jobs. It was facing bankruptcy by 2015 due to spending 91% of income on employee salaries and maintenance. Lalu Prasad Yadav rescued Indian Railways when he became the minister in 2004. Under his leadership, fares were not increased, passenger and freight capacity increased, and earnings grew substantially between 2002-2006 due to increased coal, iron ore, fertilizer and other material transportation. Strategies like running more trains and coaches increased passengers. Lalu's management emphasized choosing the right people, delegating work, thinking innovatively, and using information effectively.

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    Indian Railways is 156 years old and is the world's largest employer with 1.6 million jobs. It was facing bankruptcy by 2015 due to spending 91% of income on employee salaries and maintenance. Lalu Prasad Yadav rescued Indian Railways when he became the minister in 2004. Under his leadership, fares were not increased, passenger and freight capacity increased, and earnings grew substantially between 2002-2006 due to increased coal, iron ore, fertilizer and other material transportation. Strategies like running more trains and coaches increased passengers. Lalu's management emphasized choosing the right people, delegating work, thinking innovatively, and using information effectively.

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    17 views17 pages

    IR Final

    Uploaded by

    Rajesh Umbarkar
    Indian Railways is 156 years old and is the world's largest employer with 1.6 million jobs. It was facing bankruptcy by 2015 due to spending 91% of income on employee salaries and maintenance. Lalu Prasad Yadav rescued Indian Railways when he became the minister in 2004. Under his leadership, fares were not increased, passenger and freight capacity increased, and earnings grew substantially between 2002-2006 due to increased coal, iron ore, fertilizer and other material transportation. Strategies like running more trains and coaches increased passengers. Lalu's management emphasized choosing the right people, delegating work, thinking innovatively, and using information effectively.

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    of 17

    INDIAN RAILWAYS

    about INDIAN RAILWAYS


    • 156 years old industry.

    • Worlds largest employer (1.6 million jobs).


    • Worlds busiest rail network.
    • Carrying capacity

    18 million passengers
    on daily basis.
    Scenario Before May, 2004

    • Perceived as hopeless, loss-making


    Organization
    • Was spending 91% of its income on
    salaries of employees and its maintenance
    • In 2001,Rakesh Mohan committee
    predicted fatal bankruptcy of IR by 2015
    THEN …..
    the

    MAN
    Came for its
    RESCUE ……
    लालू प्रसाद यादव
    ABOUT लालू प्रसाद यादव
    Born in June 11,1948 in Phulwaria, Bihar.
    Done Bachelor's degree in Law (LLB) and
    Masters in Political Science, Patna
    University.
    Founded the Rastriya Janta
    Dal(RJD) in 1997.
    Currently Presidently of RJD
    and member of Lok-Sabha.
    TURNAROUND BY लालूजी
     Refused to Hike Fares.

     Increased No. of Passengers and Freight.


     Carrying Capacity of wagons Increased
    from 81 to 90 tonnes.
     Ticket Upgradtion.
     Bogie Maintainance
    in Accordance to Seasonal Demand.
    Turnaround Diagnostics
    whether it really was a ‘turnaround ?
    total earnings in 2005-06 increased by Rs
    7121 crores,
    15.0% growth with respect to 2004-05

    YEAR 2002-03 2003-04 2004-05 2005-06

    GROWTH 4.5 % 8.5 % 10.4 % 15 %


     The total working expenses plus the lease
    charges towards principal payments in 2005-06
    increased by Rs 4431 crores,

    YEAR 2002-03 2003-04 2004-05 2005-06

    3.8 % 4.8 % 8.3 % 10.4 %


    RISE
     the net revenue reached a record of Rs 8005
    crores in 2005-06
     Special Railway Safety Fund (SRSF) reached an
    historic level of Rs.13,068 crores for 2005-06
    Determinants of the
    'turnaround‘ ?
    The increase in total earnings of Rs 7121
    crores could be attributed to____

     goods earnings of Rs 5509 crores(17.9%


    increase)
     passenger earnings of Rs 1013 crores(7.2%
    increase)
     others earnings including parcel, catering,
    advertising etc of Rs 599 crores(24.2%
    increase)
    Goods Earnings
    The increase in goods earnings for 2005-
    06 over 2004-05 was Rs 5509 crores
     Coal (Rs 1365 crores)
     Raw material, non bulk goods and containers (Rs
    1121 crores)
     iron ore for exports (Rs 733 crores)
     raw material for steel plants (Rs 475 crores)
     cement (Rs 550 crores)
     fertilizers (Rs. 449 crores)
     pig iron and finished steel
    (Rs 373 crores)
    Passenger Earnings
    The passenger earnings in 2005-06 had
    gone up by Rs 1013 crores (7.2%) over
    2004-05.
    Due to____
    initiatives in running 24 coach trains,
    deploying additional coaches in
    well patronized trains
    running of additional trains
    ‘touch and feel’
    Reduction of Price….
    1 rupee in 2nd class
    10% in AC II
    18% in AC I.
     increase in charges for cancellation
     more trains being made superfast
     booking tickets from an origin different
    from the place of reservation
     Hence….,the growth in number of
    passengers has been 7.5% in 2005-06
    LALU’s MANAGEMENT
    TIPS!!!!!
    Choose the right people!

    Don’t Micro Manage, Delegate your


    work, take calculated risks!
    If you do not milk the cow fully, it
    falls sick!
    Think out of the box.

    Do what makes sense.


    Information is wealth if used
    properly.
    धन्यवाद…!!!

    भारतीय रेल

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