Torrent Gujarat Biotech Ltd

Group 7
Adarsh Shukla
Kanupriya Gathoria
Siddharth Pal
Shivendra Kadam
Unadkat Meet Harshadbhai
 Problems faced

 Waning price of Penicillin due to various international and domestic factors

 Huge debts incurred due to the higher setting up cost than anticipated
 Strategic pricing adopted by the International market to hinder newer firms
 Misuse of the duty free license scheme by the Indian importers
 High rate of attrition in the top management level
 Lack of sense of ownership among the employees
 Lack of interaction between top management and employees
 Solutions

 Promotions to the employees

 Key assignments to committed employees
 Introduction of ‘Best Department of the month’
 Monthly meetings to review the performance
 Financial restructuring: one-time settlement, investments
 Reduction in the production costs
 Improving relations with the suppliers
Thank You