India, June 30 -- In a bid to improve the financial health of the loss-making Maharashtra State Road Transport Corporation (MSRTC), Maharashtra transport minister and MSRTC chairman Pratap Sarnaik on Monday warned officials across the organisation to improve performance or face disciplinary action.

Sarnaik issued a one-month ultimatum to officials at all levels, stating that strict action would be initiated if they failed to increase the corporation's revenue.

"If concrete results are not seen in increasing revenue within this period, strict disciplinary action such as transfer, demotion or suspension will be taken against the concerned officials," Sarnaik said.

According to MSRTC figures, eight of its 31 divisions reported profits in ...