Tooltech is an engineering services provider with expertise in automotive, general engineering, ship design, aerospace, and oil & gas. It has offices across Europe and three delivery centers in India, and offers end-to-end product development services. Tooltech has experienced rapid 100% annual growth since inception and has over 280 employees including 80 European nationals. It pioneers a new "mixed model" approach that seamlessly combines the strengths of European engineering firms with low-cost delivery in India.
9. 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
10. 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
11. 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
16. Business commitment 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
17. 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 %
89. Perform Quality Assurance AuditSchedule 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.
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92. by securing client’s intellectual property through their preferred methods