Mumbai, April 12: The State Industrial Investment Corporation of Maharashtra (SICOM) has scripted a remarkable comeback story with the key financial ratios of the company bouncing back to black along with an improvement in business while its stressed assets declined substantially leading to overall profitability. The company has achieved the comeback by successfully tackling bad loans, which once blotted its books, along with overall cost reduction practices and strict financial control and liquidity management.
Mumbai (Maharashtra) [India], April 12 (ANI/PRNewswire): The State Industrial Investment Corporation of Maharashtra (SICOM) has scripted a remarkable comeback story with the key financial ratios of the company bouncing back to black along with an improvement in business while its stressed assets declined substantially leading to overall profitability