Business Revival of A Giant Retail Chain with a Debt Over 700 Cr. into a profitable venture with Turnover of 1500 Cr. growing continuously
A very Popular Retail Chain in India was over-burgeoned with a Debt of more than 700 Cr. Even after having 180 Stores in Pan India,1200 Employees, and a good sales number, the company was over-advanced and out-of-cash facing millions of debt and cash losses. No salaries to Employees; no statutory dues/taxes were paid; litigation hassles…