Privatization of Chemco birth, growth and sale of an Indian PSE

Since 2000, fourteen Central Public Sector Enterprises have been divested to Private sector strategic partners in India. However, there is a paucity of empirical work on the process of privatization and changes that take place post privatization. A study was carried out to trace the genesis, growth, eventual sale of a PSE to its competitor. The findings were presented using the Burke-Litwin model. Our study showed that the performance and morale of the PSE declined during the privatization phase. Post privatization experiences of the PSE indicated that there was a marked improvement in the efficiency, leading us to conclude that the PSE changed from being a proud family of nation builders to an efficient factory with obedient workers