#868 From Fraud to Fortune: The CG Power Revival Story
From Fraud to Fortune: The CG Power Revival Story explores one of India’s biggest corporate turnaround stories, as Financial Journalist Govindraj Ethiraj speaks with Natarajan Srinivasan, author of The Great Revival, about how CG Power went from fraud allegations, debt and shutdown factories to a remarkable comeback under the Murugappa Group.In 2019, a whistleblower disclosure shocked markets. Banks declared the company a fraud account, factories shut down, vendors stopped supplies and the company faced thousands of crores in liabilities. Just months later, during COVID, a new leadership team…
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