Client
An Indian Auto-Component Manufacturing firm with USD 600 Mn. revenue and 25+ Manufacturing locations.
Mandate
The Client intended to embark on a Transformation journey with IPO as an end in mind.
The Mandate was to lead their Transformation Program and bring-in Professionalism, Growth, Operational Performance, Business Reliability and Governance to set the stage for the IPO
Our Engagement
The mandate was executed over a duration of 18 months. A hard-nosed result-oriented approach focusing on the vital few was adopted to deliver results over a short time-frame.
- Delivered a complete Operational & Financial Turnaround of two large business clusters supplying to International OEMs and restored their confidence leading to Business Growth
- Institutionalised ‘Financial Discipline’ through a structured set of interventions including a robust Cost Restructuring Program, a Monthly MIS and timely reporting mechanism for Financial & Operational Performance
- Structural re-organization to drive Synergy across business clusters & the Corporate functions. Established the Corporate as an Efficient, Facilitating, & Controlling arm within the organization.
- Defined the Transformation 2.0 Roadmap and aligned all stakeholders to embark on the journey.
- Incubated an R&D and Technology Centre with focus on Low Cost Innovations in Manufacturing Processes
- Repositioned the organization with governance, professionalism and customer centricity at the core including Rebranding in the run-up to the IPO.
Outcomes Delivered
Delivered 1.5X EBITDA Growth in 2 years.
Regained Customer confidence with two Key OEMs, eventually resulting in significant share of business with both of them.
Enhanced Leadership Bandwidth through a professional structure to enable and manage high performance.
Institutionalised a strong Governance Mechanism and a strong Business Performance Review mechanism at all levels to bring-in consistency, transparency, reliability & timeliness in reporting.
Strengthened the Business working principles on the back a strong value system built on Trust, Transparency, Empowerment & Integrity.
Re-branded & re-positioned the organization in the run-up to the IPO.
