The case deals with issues faced by the Torrent Group of companies. As of 1998, the group consisted of nine companies in three different businesses, namely health care, energy, and financial services. With the liberalization of the Indian Economy, the business environment of the group as a whole and that of the constituent companies had changed significantly. The top management team of the group was required to review the strategy and performance of the group as a whole, and develop recommendations for the future.