Frequently Asked Questions

At TMA India we believe in creating business opportunities for our members. We understand that upskilling, along with professional competence in turnaround management can facilitate career advancement in this field. There is a big opportunity in turnaround management space in India to help distressed businesses to revive and resurrect themselves preferably without going through the rigor of formal framework of insolvency. 

The work we do isn't just about balance sheets and profit margins. It's about preserving livelihoods, nurturing innovation, and building a stronger, more resilient India. It's about writing success stories that inspire and motivate others. It's about being the change-makers, the problem-solvers, and the visionaries that our nation needs.

The Issue

All of us see business stress from the lens of insolvency and bankruptcy. We think of restructuring a business once the stress has developed so deep that it may not be possible to revive the business. 

As you are aware most of the companies in insolvency tend to get liquidated due to the fact that it is no longer viable or feasible to keep the company as a going concern.

At TMA India we see this as an opportunity that if we can engage companies or businesses in the early stage of distress, we can easily revive and rehabilitate such businesses. TMA India foresee about 600K businesses getting into distress in the next three to four years. These may be legal entities or partnership firms / proprietorships.

Strategy

TMA India has initiated talks with various chamber of commerce, industrial associations across India and the feedback is very positive. There is huge stress being faced by the businesses due to recession in US and Europe. The geopolitics with Ukraine Russia war, China Taiwan issues, Israel Syria/Iran issues etc. have been a catalyst for this slow down, also affecting Indian businesses. Our growth rate has been downgraded by .5% this fiscal.

Think about a situation where you use your expertise to turnaround a business without getting into IBC ecosystem. Where the promoters take your services for revival of their businesses and creditors back you up.

Across the globe where ever the TMA professionals are assigned jobs for turnaround, the creditors reduce their interest by half or one percentage point, since they are convinced of our expertise.

Approach

In today's volatile business environment, stress isn't the exception; it's often the rule. But here's the thing - stress is just another word for opportunity in disguise. At TMA India, we've developed a comprehensive approach to helping businesses not just survive stress, but use it as a catalyst for positive change:

1. Early Warning Systems: We help businesses implement systems to identify potential issues before they become crises.

2. Rapid Response Teams: Our network includes professionals ready to step in at a moment's notice to provide crisis management support.

3. Restructuring Expertise: We offer world-class expertise in financial and operational restructuring, helping businesses emerge from periods of stress stronger and more resilient.

4. Stakeholder Management: We provide strategies for effective communication with creditors, employees, and other stakeholders during times of stress.

5. Turnaround Financing: We help businesses access the capital they need to fund their turnaround efforts.

Remember, some of the most successful companies in the world have gone through periods of extreme stress. It's not about avoiding stress - it's about how you respond to it. With TMA India by your side, you can turn every crisis into an opportunity for transformation and growth.

The Road Ahead: Our Vision for the Future

As we look to the future, we see incredible opportunities for TMA India and for the businesses we serve. But realizing these opportunities will require us to be bold, to think big, and to act with purpose and determination. Here are some of the key areas we'll be focusing on in the coming years:

1. Digital Transformation: We'll be at the forefront of helping businesses navigate the challenges and opportunities presented by digital technologies. From AI and machine learning to blockchain and the Internet of Things, we'll ensure our members are equipped to leverage these technologies in their turnaround efforts.

2. Sustainability: As the world increasingly focuses on sustainable business practices, we'll be leading the charge in integrating sustainability into turnaround strategies. This isn't just about being environmentally friendly - it's about creating businesses that are resilient and future-proof.

3. Global Expansion: While our focus will always be on India, we recognize that we're part of a global economy. We'll be strengthening our international partnerships, facilitating cross-border knowledge sharing, and helping Indian businesses expand their global footprint.

4. Sector-Specific Expertise: We'll be deepening our expertise in key sectors of the Indian economy, from manufacturing and IT to healthcare and renewable energy. This will allow us to provide more tailored, effective support to businesses in these sectors.

5. Next-Generation Leadership: We'll be investing heavily in developing the next generation of turnaround professionals. Through our education programs, mentorship initiatives, and leadership development efforts, we'll ensure that TMA India remains at the cutting edge of our field for years to come.

As we stand on the cusp of this exciting future, we want to issue a challenge to each and every one of you. A challenge to think bigger, to dream bolder, and to act with even greater purpose and determination.

TMA India is the Indian chapter of TMA Global. The main jurisdiction of our work relates to the Indian Jurisdiction. 

However TMA Global is present in 54 jurisdictions and in today's global economy businesses are having their presence in multiple jurisdictions including India. Our members have been approached by foreign insolvency practitioners, for executing the Indian entity restructuring as and when the parent company in other jurisdiction is under stress or facing restructuring or a formal process of insolvency. In couple of matters our members have been appointed by EU court to restructure Indian office of the parent company.

The networking opportunities that TMA brings to the table is huge and is hands on. The informal nature of these events help professionals to come to know each other and provide referral work in case required. Members of TMA India were present in an informal networking event between TMA France and TMA Switzerland in December 2024. 

A special event is being planned between TMA India and TMA France for networking online in March 2025.