BMTC > for the Public, by the Public..Going Public!!

Heard this recent news that BMTC..

The Bangalore Metropolitan Transport Corporation with over 4,500 buses doing close to 9.5 lakh kilometers every day is one the most profitable government departments in Karnataka will go Public with the first ever IPO from a state-owned transport undertaking to raise Rs 4,000 crore through this offering.

A good news for the commuters who are blessed with new buses new routes and ease of travel can really look forward to something more on the platter…let’s wait and watch!!

8 Comments so far

  1. Lokesh (unregistered) on August 21st, 2007 @ 2:26 pm

    This is good news. Hopefully they will be able to introduce some excellent bus services (Volvo like) for intra city transport

  2. Prashanth (unregistered) on August 21st, 2007 @ 3:30 pm

    If I am not wrong, 10 years ago this was the same corporation which was incurring a loss to a tune of 100+ Crores… kudos to BMTC

  3. Manoj (unregistered) on August 22nd, 2007 @ 1:01 am

    Yes, they can make profits. They put 100+ people in a bus with a capacity for 50, they can make profits.
    People who travel in volvos may not understand this, but look at those red buses dangerously bent towards the left (thats where people will be hanging on the footboard).
    Of course I understand the difficulty in running a bus service in a city like Banaglore where that is the only mode of public transport for the common man. Its a good work BMTC is doing, but that’s not all, there is lot more to do. Its not just about volvos, its about the common man. When a common man can travel to his destination comfortably (I mean not volvo, but a decent transport and comfortable journey) then we can really say BMTC is doing a fantastic job.

  4. Naren (unregistered) on August 22nd, 2007 @ 1:32 pm

    Ys KSRTC is one of the most Profit making Public transport sector.

    It was the initiative by then Transport minister PGR sindhya, which is yeilding Results.

  5. Chitra (unregistered) on August 22nd, 2007 @ 6:30 pm

    Wow, thanks for the info. Maybe I should watch for the IPO? :) I think it is a good move, for the public and from an investment PoV!

  6. Mudpuppy (unregistered) on August 22nd, 2007 @ 11:37 pm

    Maybe they can send the drivers to school with the money.

    The bus-drivers in Bangalore are the worst drivers on the road.

    Does this mean that the next time one of them runs his Volvo over 7 pedestrians, we can watch the stock price fall instead of watching the Volvo burn?

  7. tarlesubba (unregistered) on August 24th, 2007 @ 8:18 am

    thanks naren for that info about sindhia.
    i think that it was formed is very significant. otherwise it would have been direction less if it were still under KSRTC. As a stand alone entity it has had to really work to solve public transport issue.

    i just wish they incorporate autos too. autos and buses serve same purpose and can serve as natural extensions. auto will benefit if they get direction from BMTC. For example bio-fuel initiative. logistics, training, licencing.
    BMTC will benefit from a new product – door to door capability.

    think about it auto and bmtc drivers are not that much different. they come from similar backgrounds, do similar jobs. yet auto drivers get sucked into all sorts of useless agendas and get a lot of grief from all and sundry while BMTC drivers go home to hope and a dream.

  8. Muralidhar Rao (unregistered) on August 27th, 2007 @ 12:57 pm

    Wonderful! With this however, the government should simultaneously dismantle BMTC/ KSRTC’s monopoly regime in the public bus transport services sector. My first exposure to TVS was as the public bus transport service provider in the city of Madurai, way back in the 60’s. If the artificialities in the laws governing the sector are removed, and their entry facilitated, they will be happy to come back, alongwith the likes of TATA’s, and we will have healthy competition leading to quick solutions to lot many of the city’s problems.

    For more, read

    Muralidhar Rao

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