Ghaziabad: Taking a cue from IIM-Ahmedabad, some private management institutes in towns of western UP have decided to study the methods of Railway Minister Lalu Prasad that put the world's largest railway network on the track of profit.
Some 50 management institutes have mushroomed in the western Uttar Pradesh of Ghaziabad, Muradnagar, Modinagar, Meerut, Hapur, Loni and Sahiibadad and most of them are keen to take up Prasad's success story as a case study.
"Lalu Prasad has become a subject of study in management as he increased the profit of the Railways without putting a burden on the common man," Ghaziabad Institute of Management Education (IME) chairman Hari Prasad said.
"He did not touch the expenditure side of the Railways and neither did he increase fares, but maintained profits," Sahibabad Post-Graduate College principal and advisor to the Institute of Management Technology (IMT) Sanjay Kaushik said.
Management students should know about the skills used by Lalu for increasing profits, Sudha Singh, chairperson of Unique Institute of Management in Muradnagar said.
Lalu is being credited for turning around the fate of the Railways, which was for long considered a loss-making organisation.
During his tenure, it generated Rs 13,000 crore worth internal resources as also surplus revenue of Rs 11,000 crore.
His tenure saw the introduction of kulhads instead of plastic cups at railway stations, khadi linen on trains and he maintained passenger fares by keeping costs down.
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