How does the company survive — and on what terms?
A Corporate Restructuring / Turnaround Plan for companies under financial stress: an integrated financial model, creditor analysis, operational restructuring, multiple recovery scenarios and a sequenced implementation strategy — the document that creditors, investors and promoters can negotiate around. Standard scope delivered in 20 calendar days.
Who commissions it
Distressed companies
Management facing a liquidity squeeze, covenant pressure or overdue obligations, who need a credible, evidenced plan before the conversation with creditors turns from forbearance to enforcement. The plan sets out what the business can service, what has to change, and by when.
Creditors and financial institutions
Institutions holding exposure to a stressed company, who need an independent view of what it can realistically repay under each recovery scenario — and how that compares with the alternatives. The creditor analysis and scenario waterfall are built to be read by a credit committee.
Investors
Special-situation and turnaround investors evaluating an entry: the indicative value of the business under a credible plan, what capital it needs and when, which units carry it and which drain it, and the conditions under which the recovery holds.
Promoters
Promoters seeking to protect the enterprise and their position in it, who need to enter negotiations with evidence rather than assurances. The plan gives them a defensible proposal, tested against downside scenarios before a counterparty tests it for them.
What the plan contains
Financial modelling
An integrated profit-and-loss, balance-sheet and cash-flow model with a monthly liquidity view, an obligations schedule and the covenants that bind — the engine every scenario runs on, and the reason the numbers reconcile under scrutiny.
Creditor analysis
A creditor map by class, security and ranking; exposure and maturity by counterparty; and a recovery waterfall under each scenario. Each creditor class sees where it stands under each option — the basis of any negotiated outcome.
Operational restructuring
Business-unit analysis on contribution and capital tied up; cost-base reset; asset rationalisation — what to hold, sell or close; and working-capital release. The operating changes that make the financial restructuring hold.
Cash-flow and debt restructuring options
Reprofiling of obligations — moratoria, tenor extension, sculpted repayment, conversion or settlement — modelled against the cash the business can generate under each scenario, so that what is proposed to creditors is what the model can carry.
Scenario planning
Base, downside and recovery cases; going-concern against orderly exit for each unit; sensitivity on the assumptions that decide survival. The plan shows where the margin of safety lies and at what point each path fails.
Implementation strategy
A sequenced plan — the first 100 days and beyond — with owners, milestones, governance and the monitoring creditors will ask for. A turnaround that cannot be executed is not a turnaround; this section is what makes the plan actionable.
How the engagement runs
| Applicable to | Companies under financial stress · Creditors and financial institutions holding exposure · Special-situation and turnaround investors · Promoters preparing for negotiation · Boards seeking an independent recovery assessment. |
|---|---|
| Confidentiality | A non-disclosure agreement precedes any data. Working files are held in an access-controlled repository and the engagement is not disclosed or referenced without your written consent. |
| Team | One senior adviser leads the engagement and remains your single point of accountability, drawing on financial-modelling, sector and operational input as the case requires. |
| Kick-off | Confidential scoping call → data request list → written scope alignment within one working day of the call. The scope names the decision the plan must support — a negotiation, an investment, a board resolution — so the analysis serves it. |
| Methodology | Reconstruction of the liquidity position and creditor map from your records; an integrated financial model; business-unit and cost-base analysis from management information; restructuring options modelled against generated cash; scenarios stress-tested on the assumptions that decide survival. Every assumption is documented and sourced. |
| Deliverable | A comprehensive plan, not a projection sheet — the complete Corporate Restructuring / Turnaround Plan as a signed PDF: an executive summary a board or credit committee can read in minutes, the model outputs, creditor analysis, operational restructuring, scenarios and the implementation strategy behind it. Supply of the working model file is agreed in the scope. |
| Timeline | 20 calendar days from commencement for the standard scope — the day the booking instalment and the data on our request list are both in hand. Complex and exchange-listed cases are given their own schedule on the scoping call. A draft is shared for your review before the final plan is issued. |
| Payment | Three equal instalments — on booking, on sharing of the liquidity position and creditor map, and on sharing of the draft plan. A GST tax invoice is issued on receipt of each payment. |
| Fee basis | The fee shown is the base professional fee for a standard scope: a single unlisted operating company with one set of accounts and a small number of creditor classes and business units. Where the case is complex — an exchange-listed company, many creditor classes or business units, a group structure, or a formal process running alongside — the fee is quoted after the scoping call, up to ₹48,00,000, with its own timeline. |
| Post-delivery | Responses to questions from your board, creditors, investors or advisers on the plan, and one round of revisions to the same document where the position or the data has changed — both within 60 days of delivery. Further revisions, or an updated plan as the position moves, are quoted on request. Representation in negotiations is a separate engagement, scoped on request. |
Frequently asked questions
If yours isn't here, ask on the scoping call — everything discussed there is confidential.
What is a corporate restructuring or turnaround plan?
It is not a set of projections. Projections describe a hoped-for future; a restructuring plan tests every route to it, shows where each fails, and gives the parties who must agree — creditors, investors, promoters, the board — a common basis for agreeing.
When should a company commission one?
A plan commissioned after enforcement has begun is still valuable, and is often the document a negotiated outcome, or a proposal within a formal process, is built on — but by then the range of outcomes is narrower and the pressure on time is greater.
Who is the plan for — the company or its creditors?
What does the plan contain?
Does the engagement include negotiating with creditors?
How does the plan relate to a formal insolvency or resolution process?
How is this different from a DPR, a TEV Report or a Feasibility Study?
How is confidentiality handled?
How much does a restructuring or turnaround plan cost?
Restructuring work scales with complexity. The standard scope is a single unlisted operating company with one set of accounts and a small number of creditor classes and business units. Where the company is exchange-listed, has many creditor classes or business units, sits within a group structure, or has a formal process running alongside, the professional fee is quoted after the scoping call and can rise to ₹48,00,000, with a correspondingly longer timeline. You will know the fee and the schedule before you commit.
How long does it take?
Who this engagement is for
Mid-market companies, promoter-side
Owner-managed and closely held companies where the promoter is the one commissioning the plan and will be the one executing it. The work is done for that reader, not for a creditor committee, and it says what the promoter has to decide rather than what a process requires.
Early, while the options are still open
The plan is most valuable before a formal process narrows what can be done — while operational, structural and negotiated options all remain available. A turnaround plan commissioned once matters are formally under way is working inside constraints that were avoidable a quarter earlier.
Where the question is operating, not procedural
Cost structure, working-capital cycle, product and customer profitability, asset utilisation and the shape of the balance sheet — the levers a management team can actually pull, quantified and sequenced with the cash impact of each set against the effort it takes.
What this engagement is not
It is not a formal insolvency process appointment, and it does not act in one. Where a statutory process is the right answer, that is said plainly and the engagement hands over to the professionals that process requires.
Survival is a plan, not a projection.
One confidential scoping call establishes the position, the parties and the decision the plan must support. We will say plainly what the engagement involves and what it will cost — before you commit.
Book a confidential scoping callThe standard this engagement runs to
Scoping, deliverable definition and closure follow ISO 20700, the international standard for management consultancy services — so what this engagement covers, what you receive and when it is complete are all agreed in writing before work begins.