The client originally setup for welfare of handloom weavers in the state was in deep financial crisis. The objective of the assignment was to prepare a report for the client to approach the government for a revival package.
MaGC Approach and Methodology
Based on discussions with the Management and review of documentation, MaGC identified the key steps for revival. The steps were categorized into operational and financial restructuring measures. The financial restructuring built a case for turning around the business and making it viable utilizing the financial package sought from the government. The proposal was discussed with the Management and fine-tuned.
Report on revival package along with financial projections and viability analysis.