Change is inevitable. it is found that Change management has a positive impact on HRM as the managers are managing the HR in proper manner. Well being, motivation, Job security, loyalty and morale measures have mean level of impact on the employees. However, employees should involve in framing loss recovery measures for firm efficiency. - Concept of Change Management - Literature on Change Management - Theoretical Framework on Change Management - Change Management in APSRTC - Human Resource Policy - Change in marketing issues - Finance and Governmental Policy - Change impact on HRM - Change in marketing issues of APSRTC - APSRTC in East Godavari District Region - Factors changed because of change - Successful change-the three stage model - Employees' perceptions on the impact