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On a war footing, these companies registered their best performance during the pandemic

On a war footing, these companies registered their best performance during the pandemic
On a war footing, these companies registered their best performance during the pandemic

Synopsis

From conserving capital to cost optimisation, headcount reduction to product portfolio rationalisation and increased technology adoption, corporate India has employed every trick in the book to survive a tough year. Many of these strategic changes made on a war footing — along with some good fortune in the form of a faster demand recovery and lesser-than-expected job losses — helped several businesses to post their best ever earnings.

In the first week of April, as India’s Covid tally surged, a 30-member technical team at Minda Stoneridge’s Pune plant was tasked with an unusual project for Mahindra & Mahindra: convert speedometers to ventilator gauges. The auto manufacturer had volunteered to manufacture lifesaving ventilators for Covid hospitals in the country. Within 15 days, the Minda team designed a gauge to monitor the patients’ inhalation cycle, oxygen concentration
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