Multinational human resource with multidisciplinary skills - 280+ employees including 80 European nationals
Vision Tooltech will pioneer, envision and execute, to customer delight, a new way to deliver Engineering services. It will seamlessly combine the strengths of marquee boutique engineering firms (string of pearls), the strengths of geographies - both developed and low cost, with India, to deliver an unparalleled design and cost experience. Tooltech’s Mixed Model will deliver knowledge, trust, methodologies at par with the best in the world, the collaborative know-how and global delivery will deliver it at a cost that ought to exist, but does not. Tooltech’s innovation will fill that unmet need in the markets we serve.
Tooltech Milestones 2000 2002 2003 2004 Tooltech incorporated as a local company in Pune, India German operations established in Munich Bangalore Development Center set up Teco Design in Munich acquired, renamed Tooltech Deutschland Tooltech Sweden established Local operations center in Helsinki, Finland established Integration of operations, rationalization of costs and addition of new customers making it a € 17mn Company today Expansion of Scandinavian operations to include Norway Expansion of Scandinavian operations to include Denmark Acquisition of German Car Engineering companies to complement in-house Engineering strengths 2005 2007 2008 2009
Achievements and Recognitions 2001 Begins 8 year long relationship with BMW Status: Ongoing. 2002 Begins 7 year long relationship with Atlas Copco, delivering turnkey projects to 3 locations including Orebro, Marsta & Fargestra in Sweden. 2003 Receives frame contract from BMW, the first Asian company to be awarded such a contract Status: Ongoing. Chosen by Aker Yards Finland, one of the world’s largest shipyards, to set up a Dedicated Facility Tooltech is awarded a “first of its kind” contract for the design & manufacture of a “World Class” VVIP Helicopter interior for HAL (Hindustan Aeronautics Limited). Status: Delivered in February 2009. 2006 2007 Tooltech Scandinavia awarded “ The Best Foreign Owned Company”. Fully operationalizes Mixed Model, linking Germany, Romania and India. Mr. AtulKhanna conferred Highest Award by Finland-Knight First Class Order of the Lion recognition for promoting ties between India and Finland in areas of Science & Technology. Company announces change in name and logo 2009
Directors and Management Leadership Dr. Klaus Faust: Director, Tooltech Group & Managing Director, Tooltech Deutschland GmbH Former Senior Executive at BMW. Also heads a family concern, Lodenfrey GmbH, based in Munich Mr. Armin Hackner: Managing Director, MT Misslbeck GmbH More than 10 years’ experience in the German auto industry . Portfolio includes assignment with Robert Bosch GmbH and Rücker AG J.K. Khanna Chairman, Tooltech Group Well established & reputed Chartered Accountant based in Mumbai, India Mr. Friedrich Maurer: Managing Director, SIMA GmbH Former CFO and Managing Director of 3-subsidaries of IVM , a well-known leader in the German auto industry AtulKhanna Director and Chief Promoter, Tooltech Group Successful entrepreneur having promoted various businesses across Europe N.S. Babu: Head, Automotive& Aerospace Former General Manager of Research & Development at Tata Motors . Played key role in the development of the “Safari”, “Indica”, conceptual stage of the “Nano” and other models. Abhay Jahirabadkar: Managing Director, Tooltech Scandinavia and Global Marketing Director, Tooltech Group Responsible for rapid expansion of our Scandinavian operations to Denmark and Norway. Seven years of experience in working, implementing and marketing the Global Engineering Model A. Vivek: Senior Advisor, Tooltech Group Former head of Passenger Car division of Tata Motors and spearheaded its famed turnaround. Also consulted on the Board of Hyundai Motors India Ralf Speth:Director, Tooltech Global Engineering Pvt. Ltd. Former Director of a premier automotive group, Ford Motors
Delivery Solutions Tooltech’s New Ways Traditional – Local Model Traditional Outsourcing TT Scandinavia Client Client Client TT India TT India Local Model Mixed Model Off-shore Model Project leader at Client end / Tooltech Scandinavia Office Execution at Tooltech Scandinavia & low – cost Tooltech Delivery centres Optimal Engineering Strategy as this model:
Execution in Tooltech Scandinavia Office or Client Location Client has control over operations, intellectual property & data protection Local engineering competence, language, culture and client co-ordination
Cost Saving Potential in a Mixed Model OperationLive Examples Captured Team Member RatioEuropean: Indian Average Cost Upto 40% Cost & Lead Time Saving in the 3rd year of operation Leading European Car Manufacturer Leading European Heavy Equipment Manufacturer Indian efficiency Year 1 - 60 % | Year 2 – 80 % | Year 3 – 95 %
Schedule Control | Cost control Perform Quality Control | Manage Project Team Report Performance | Monitor & Control Risk Tooltech is certified by “Bureau Veritas” for; QMS – ISO 9001:2008 ISMS – ISO 27001:2005 Quality is achieved through “SMART” targets, which are set, achieved and improvised Following documented Procedures & Guidelines Documenting best practices & knowledge management Extensive use of check lists, work instructions etc.