Mahindra Finance Pratik Negi


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Mahindra Finance Pratik Negi

  1. 1. Presentation On Internship in Human Resources department IN BY -> -- Pratik Negi -- ISBE { 09-11 } SS 1
  2. 2. About Mahindra Started in Oct 2 1945  US $ 6.7 billion industrial conglomerate  Respected Group in India  Converted as a high performer in all sectors PIONEERED MIND BEHID THE CONGLOMERATE  Mr. Keshub Mahindra (Chairman for the Group)  Mr. Anand Mahindra (Chairman and MD for the Group) 2
  3. 3. 3
  4. 4. Business Dimensions Automotive & Farm Equipment Mahindra & Mahindra Limited Mahindra Engineering Services Mahindra Systech (Automotive Components & Manufacturing) Trade & Financial Services Information Technology Infrastructure Development Other Mahindra Ocean Blue Mahindra Logistics Ltd. Mahindra Retail Mahindra Navistar Mahindra 2 Wheelers Mumbai Mantra Mahindra Defense Systems 4
  5. 5. CORE VALUES OF THE GROUP THE GUIDING PRINCIPLES Quality Focus -- Dignity of the Professionalism individual - Good Corporate Customer First citizenship 5
  6. 6. Tributaries of Mahindra Finance 1> Mahindra Insurance Brokers 2> Mahindra Rural Housing Finance Ltd (MRHFL) 3> Mahindra In source 6
  7. 7. Brief history 1. Mahindra finance was incorporated on January 1 1991 as Maxi Motors Financial Services Limited and received 2. Certificate of commencement of Business on Feb 19, 1991. 3. The name was changed to Mahindra and Mahindra Financial Services Limited on Nov 3, 1992 4. Registered with the RBI as an Non Banking Financial Corporation with the effect from 4th Sep 1998 Values of the group Effective communication 110% effort Quality of contribution Assertiveness Team spirit Flexibility – 7
  8. 8. Growth Mahindra finance Source -- 8
  9. 9. Strength – Mahindra Finance  In depth knowledge of the rural and semi-urban Market  The relationship with Mahindra and Mahindra  The branch network  The association with dealers  The client base  The ability to borrow at competitive rate Business of the group Tractor Loan Utility vehicle Loan Two wheeler loan Personal Finance Car loans Refinance Commercial vehicle loans Investment Advisory Service – Mutual Fund Distribution 9
  10. 10. Department in Mahindra Finance Legal Operations Marketing Business information technology Accounts Corporate affairs and risk management Treasury MIS Mutual funds Administration Corporate management (Internal Audit HR 10
  11. 11. Internship project details Major Project “Recruitment Drive for Mahindra Finance for the fresh graduate trainees and Management trainees” Other Projects and Responsibilities 1> Legal executive recruitment’s for Gujarat 2> FD (fixed deposit) – A new vertical launched and recruitment for the same, for Ahmedabad. 3> CSR – helped HR managers for Gujarat region in the Mahindra Finance Initiative for CSR 4> Dealer executive -- recruitment drive 5> Reference Check’s and FnF 6> Employee Welfare – Acted an s a Help for HR department Gujarat in Drives organized for employee welfare • Uttarayan celebration • Blood donation drive • Achievement box launched • G.P.T.W (Great Place to Work survey)
  12. 12. HR department (Gujarat) 12
  13. 13. HR practices in Mahindra Financial services limited • Recruitment and selection • Probation/Conformation handling • Performance Management System • Employee classification (L1-L9) • Resignation • Exit interviews • Employee grading • Termination • Compensation and benefit •*** cant include other details due to company norms and policies
  14. 14. CSR initiatives by Mahindra 1. Life Line express 2. Service to various organisation 3. Mahindra hariyali 4. Blood donation 5. Nanhi kali 6. Ambulance donation Employee INITIATIVES  Spandan (quarterly magazine)  Sampark (AV conference between senior mgmt and staff)  EMI – monthly new letter  Learning and development initiatives  IDEAS – employee creativity and feedback  Employee referral schemes  Employee welfare calendar  Gallup survey  Fun at work  Vista 360  Annual convention 14
  15. 15. Task performed during the internship oCoordination with vendors, colleges, placement cells etc oHelping in internal HR practices for the organization oOnline portal usage and recruitment drives conducted oLetters mailer, snail mails, reports, notices and other correspondence drafted oExcell sheet preparations for every task performed oDPR for recruitment drives oReference checks and FnF preparation for employees oTest conductions and organizing interview for various Jobs 15
  16. 16. Task performed during the internship (continued) oCoordination with all branches for CSR and employee initiatives oScrutinizing the bench strength for various positions created oPresent in major interviews and jotting down the competencies and other skill sets required for the position created oTime allotment and communication for interviews oDesigning and helping to prepare Job description for position created oMarketing and notice distribution across schools and places for intake oCoordination with management institutes & commerce college for fresh intakes 16
  17. 17. FINDINGS AND OBSERVATION  Fresh Talent Acquisition.  Centrally monitored recruitment for the state  CSR activity, employee welfare, and employee initiatives (centrally monitored)  Systems designed are up to the mark, and are used effectively  Coordination and reach of the company is awesome  Maintenance and development rate of HR department is really fast  Motivational and personalised approach  Employee satisfaction index is pretty high 17
  18. 18. Suggestions Given  The use of technology in IT needs to be more advanced for such an organization to work to best to its capacity.  The HR department which is in expansion mode needs to be expanded to help and formulate better initiatives for the employees and the company 18