Commercial Credit aims higher – retains MTI for strategising
View(s):Commercial Credit, which announced a profit after tax of Rs. 1 billion for 2013-14, has signed up MTI Consulting to develop its Corporate Plan, consecutively for the second time after the successful implementation of the organisation’s three year Corporate Plan that was developed with MTI’s expertise and inputs in 2011.
“The Corporate Plan we developed with MTI Consulting in 2011 has been the basis of many strategic pursuits that the company has undertaken during the last 3 years and has significantly contributed towards the improved performance of Commercial Credit over the last 3 years. More importantly, MTI’s approach on getting the full management team actively involved throughout the planning process has made a significant impact on achieving results even above our expectations,” noted Roshan Egodage, CEO of Commercial Credit, in a media statement issued by MTI.
Commercial Credit, said to be the fastest growing finance company in the country, has achieved a Rs. 24 billion total asset base by end of December 2013 and Rs. 2.8 billion net interest income for nine months to that date (June).
MTI said Commercial Credit’s Corporate Planning process is based on MTI’s 8S® Model – a robust framework that has been used in over 25 countries, across diverse industries. This strategic planning framework starts with the Scope of the business, Scans the operating environment, sets the Sights, formulates Strategies and extends to Systems (Implementation).