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For every Re 1 earned, this bleeding but super-important PSU spends Rs 1.5 on salaries, Rs 0.7 on pensions, and loses Rs 2 overall 🙏🙏 Surviving deeply on taxpayer money, this is India Post: - Rs 12k crore revenues, Rs 36k crore expenses - Rs 18k crore expense on salary and allowances - Rs 8k crore expense on pensions .. India Post is a strategic machine, and can’t be shut or curtailed. But, the present financials are not sustainable - it’s a crisis! Thus, this needs a massive reformation. More so that the Govt has set a public target to turn it profitable in the next 5- 6 yrs, without sharing how. Because, even if its revenues grow by 50% and salary expenses don’t, the revenues will entirely be spent on salaries alone. And let’s be clear - Salaries will only grow. And so will pensions, every single year! .. But, something needs to be done. Unlike any other logistics services provider in India, India Post reaches almost every pincode. That gives it an unparalleled last-mile delivery edge - something any brand, or e-com player can only dream of. So, maybe it needs to develop an attractive offering for e-com players, so that they only choose its services when an order originates from beyond Tier-2/3 India. Partner with these giants to handle rural deliveries for them, charging Rs 50 per parcel. That would significantly expand the revenues significantly. .. Also, how about using the excess space in ~5k urban post office buildings located in prime real estate areas for leasing/rental to e-com or q-com players for dark stores or supporting warehouses. And in parallel, slash the Rs 10k crore that India Post spends on things beyond salaries and pensions. Visit a post office, and you will find many functions that can ideally be performed without human intervention. Also, outsource the operations at non-core rural posts to franchisees. .. These are some immediate off-the-hook ideas which come to my mind, which I am sure the officials would have also thought of. Maybe the ideas lacked practical merit. Or maybe they could not execute it. I don’t know. But, what I do know is that something needs to be done here. What do you think?