Case Studies in Management

10

The ‘Balancing Act’ in Debt Financing

CASE STUDY

Niranjan Motors Limited (NML), a company in the National Capital Region (NCR), India, was established in 1997 to manufacture midsize and small passenger cars with a wellknown Japanese collaboration. The Japanese company MITASHI Motors Limited (MML), besides providing technical support in the form of overall design development and the manufacturing process, was a financial partner with 26 per cent equity in NML. The technical director (TD) of NML was from MML, Novano, who had nearly 25 years of work experience with MML, mostly in the area of design and development of major aggregates of small and midsize passenger cars, and was considered an authority in vehicle design and project management. ...