This case deals with the issues in sustaining a superior performance in the face of recession. In 1989 the Torrent Group acquired a sick company. The company was turned around by a series of managerial initiatives. A new team of professionals was brought in, formal processes in planning and control were introduced, ISO 9000 quality certification was obtained, and funds were brought in through a partially convertible debentures issue. The company's sales crossed Rs 100 crores. Profitability improved appreciably. Sustaining this turnaround was the issue which the management anticipated that the next year would face recession.