In today’s rapidly evolving business landscape, the ability to navigate crises is the ultimate test of leadership. The Great Revival by Natarajan Srinivasan chronicles one of India’s most remarkable corporate comebacks—the dramatic turnaround of CG Power and Industrial Solutions Ltd., once on the brink of collapse, and its subsequent transformation into a $10 billion enterprise.
Once a revered name in Indian industry, CG Power (formerly Crompton Greaves) faced near ruin in 2019 when a massive financial scandal exposed years of mismanagement, diversion of funds, and falsified accounts. The company was left crippled by debt, shaken investor confidence, and a collapse in governance. Yet within just three years, CG Power re-emerged as a model of disciplined recovery and sustainable growth.
Through The Great Revival, Natarajan Srinivasan – who led this turnaround from within – offers a rare insider’s perspective on the complexities of corporate resurrection. He recounts how the new management orchestrated a complete financial and operational reboot: recasting five years of accounts, negotiating debt restructuring with fourteen banks, restoring credibility with regulators, and rebuilding production amid the uncertainty of a global pandemic.
More than a business narrative, The Great Revival is a playbook for leadership under pressure. It explores how clarity, integrity, and teamwork can redefine a company’s destiny even in the face of overwhelming odds. Each chapter distills key lessons – from rapid decision-making and stakeholder communication to instilling pride in legacy and rebuilding trust across teams.
About The Author
Natarajan Srinivasan is an award-winning corporate leader. He has successfully turned around large companies, bringing them out of near-bankruptcy and transforming them into successful, thriving businesses. His knowledge and experience span the length and breadth of business and corporate law in India.
He is currently the executive vice chairman of Coromandel International Limited. NS, as he is known to friends and colleagues, began his career of over forty years with Bharat Heavy Electricals Limited (BHEL) and joined the Murugappa Group in 2004. He held several senior positions across the Group, including director of the Murugappa Corporate Board, group finance director, executive vice chairman and managing director of Cholamandalam Investments and Finance Company.
In 2018, the Government of India appointed him as an independent director to the board of ILFS to help resolve its financial crisis. In 2020, he was appointed MD and CEO of CG Power and played a pivotal role in its successful turnaround. He has been honoured with the Transformative Leader of the Year award (2024) by the Asian Society for Leadership and Corporate Governance and the FE CFO Lifetime Achievement award (2025) by Financial Express.
The official release for the book is in December 2025
