After 67-year long turnaround, Bengal Chemicals faces challenges to upscale

It posted a Rs 4 cr profit in last fiscal, yet it still faces an accumulated loss of Rs 260 cr

Bengal Chemicals and Pharmaceuticals (BCPL), India's first indigenous pharmaceuticals company still faces major challenges on the financial front, which might hinder the company's growth in the coming days.

The primary concern, which plagues the company's top management, is the pay-scale that not only demoralises the workforce but prevents further recruitment. This, in turn, is forcing the company into the low-growth cycle.

The entire staff in BCPL is subject to the 1997 pay scale, which is much lower when compared to other government-owned firms in the category.

The company posted a Rs 4 crore profit in the last fiscal year, yet