Maharashtra Transport Minister Pratap Sarnaik has stated that he aims to turn around the loss-making Maharashtra State Road Transport Corporation (MSRTC) within the next two years and transform it into a profitable entity, reported news agency PTI.

Accumulated losses of the MSRTC surged to Rs 10,324 crore in FY 2023-24 from Rs 4,603 crore in 2018-19 and the state-owned body clocked profit only in eight fiscal years in the last 45 years, according to a `white paper` released by the corporation in late June.