SASTech - Technical Journal of RUAS
  • Year: 2012
  • Volume: 11
  • Issue: 2

Public Sector Reforms in Karnataka-A Case Study of the Turnaround of Mangalore Chemicals and Fertilizers through Strategic Partnership

  • Author:
  • H.S. Uma1, B.S. Venkatesh2
  • Total Page Count: 5
  • Page Number: 90 to 94

1Assistant Professor, Vidhya Vardhaka Sangha First Grade College, Bangalore

2Associate Professor, Maharani's college for Arts, Commerce and Management, Bangalore

Online published on 18 February, 2020.

Abstract

The article deals with the performance appraisal of Mangalore Chemicals and Fertilizers which was the very first state public sector unit in Karnataka to be privatized and its renewal through Strategic Alliance partnership by inducting the UB Group on its Board. The GOK should learn from its previous experiences that it is pertinent to take timely decisions and develop suitable modalities for disinvestment rather than let the SPSUs to be shut down.

This study based on Altmans’ Z score analysis shows clearly that privatization has not only helped in the turnaround of the company but also has improved the operational efficiency.

Keywords

Public Sector Reforms, Privatization, Strategic Partnership, Z Score Analysis, Performance appraisal