India Inc gears up to go back to office
The jury is still out on the future of office real estate. A hybrid working model doesn’t sound very encouraging for office developers.
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Companies are slowly and tentatively shifting from WFH to WFO. What are the plans and pain points?
There’s apprehension about using public transport. Refurbishing office ventilation systems is a challenge. Whether offices would go back to 100% strength is an open question
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NEW DELHI :
Paul Dupuis wore a blue suit, his lucky tie, brown shoes, a black mask and a cycling helmet before he hopped onto a vintage Indian bicycle. The managing director and CEO of staffing firm Randstad India, who lives and works in Bengaluru, was riding to office after 300 days.
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‘Our objective is not sales, but cash flow and profit’
The international arm of Kirloskar Brothers Ltd. is planning to streamline operations of the business and aims to be debt-free soon,
Alok Kirloskar
said in an interview. Edited excerpts:
How big is the international business and what is the focus?
The international business accounts for a little over 40-45% of KBL’s revenues. Our objective is not sales, but cash flow and profit. In these difficult times, we had focused on realigning the business. We plan to shrink the business and release the cash and enhance profitability. The focus is on improving the balance sheet. We have been doing that at KBL for the last 10 years. In March, at the net debt level, we [KBL] are almost debt-free and the next two quarters have shown similar improvements in our balance sheet position. The same focus is on the international side. We are focussing on bettering the balance sheet. We feel that stronger balance sheets in difficult times