From Fraud to Fortune: The CG Power Revival Story explores one of India’s biggest corporate turnaround stories, as Financial Journalist Govindraj Ethiraj speaks with Natarajan Srinivasan, author of The Great Revival, about how CG Power went from fraud allegations, debt and shutdown factories to a remarkable comeback under the Murugappa Group. In 2019, a whistleblower disclosure shocked markets. Banks declared the company a fraud account, factories shut down, vendors stopped supplies and the company faced thousands of crores in liabilities. Just months later, during COVID, a new leadership team stepped in to rebuild the company from the ground up. This conversation reveals the real corporate turnaround playbook — settling debt, restoring trust with employees and vendors, restarting factories, rebuilding customer confidence and winning back market share from global competitors. How do you revive a company when nobody wants to lend, supply or buy from you? What does crisis leadership really look like? And what can Indian businesses learn from this extraordinary corporate rescue? This episode is essential for entrepreneurs, investors, business leaders, finance professionals, consultants and students interested in corporate governance, turnaround strategy, banking, manufacturing, leadership, crisis management and corporate India. Subscribe to The Core Report for sharp conversations on business, markets, economy, technology, manufacturing, policy and global trends. This episode of The Core Report breaks down the CG Power turnaround, corporate governance lessons, crisis leadership, debt restructuring, banking recovery and India’s manufacturing revival. If you follow Indian business news, corporate turnaround stories, Murugappa Group strategy, governance failures, leadership lessons and business podcasts from India, this conversation is a must-watch. #CorporateTurnaround #IndianBusiness #BusinessPodcast #CorporateGovernance #TheCoreReport
