SlideShare a Scribd company logo
Fabindia - A Fabric
    of our lives
Contents


•   History of Fabindia
•   Fabindia – a unique business entity
•   Some factoids about us
•   What makes us a great place to work
     − Alignment of ideology
     − Shared ownership and Entrepreneurial work
       culture
     − Growth from within
     − Transparent
     − Empowering women
Historical Perspective

1960 Fabindia Inc established

1976 Flagship store at Greater
     Kailash, FOPL established

1976 – 1994 Single store

1999 – 2011 Grew from 5 stores to
141 stores

Fabindia moved from shy to
aggressive growth, all the while
ensuring profitability in spite of the
near vertical growth
Fabindia – a unique business entity
 Twin Mandate :
• A viable, profitable retail platform for products
  created using hand-based processes

• The creation of skilled, craft-based sustainable jobs
  in the rural sector
The Fabindia Business Model
                                          - Traditional brand loyalty
                                          - Product accessibility
                                              - Visibility
                            Customers         - Range
- Crisil rating of                        - Contemporary
  AA -                                    - Belief in product
- Inclusive
  ownership :
  approx. 70% of
  the staff across
  levels own
  company stock                                  - Sustaining Craft
                            Fabindia             - Artisan
                                                   empowerment


                 Owners /                Artisan
                Employees               Community
Some factoids to understand us
• Employee strength - 1500 +
   – Fabindia Employees – 1100
   – Contracted staff – 400
• An “Equal Opportunity” employer 
   1.78 -1 mix (Men- Women)
   76% of the management are women
• Over 30% staff have been in the company over 5 years
• Ratio of HR to staff 1: 125
• GPW results were very surprising for us 
So how do we make it all work ?
The Fabindia Core Values

• Ownership of Company goals

• Mutual Respect and Humane Approach

• Fairness in our Intent

• Honesty in all our actions

• Result Orientation

• Continuous Improvement

• Leadership by Example
Alignment of Ideology
Driving business success while ensuring sustenance of
  craft
   – Hiring to translate passion for our ethnic crafts and
      business ideology into satisfying careers
   – Our hiring specifications for management levels tests
      candidates on their commitment to the above
   – All induction and orientation processes reinforce the
      dual objectives of our business model
   – Demonstrated belief in organizational values is one of
      the key parameters in performance assessment for
      senior roles
Shared Ownership

Approx. 70% of our employees across levels own the
  company stock
   – Opportunity for Wealth creation
   – Opportunity to partner in success
Entrepreneurial work culture

• Independent SBUs run the regions
   – Decentralized
   – Each store a profit center and each store manager
     an entrepreneur with a P&L responsibility
• Profit sharing plans for over achievement
• COC’s ensures Artisan empowerment
   – Sustainable community development
Performance and Development Focus




             Centres of Excellence

   as drivers for service improvement and focus on
              continuous development
Obligations of a COE

                              To the             To the Store
  To customer
                           Organization              Team
• Consistent             • Conformity to all   • Highly motivated
  standards of             processes             team
  service                • High productivity   • High investment
• Excellent level        • Excellent             in team member
  of customer              customer              development
  interaction              feedback            • Stress reduction
• High levels of         • Training ground       in the working
  personalization          for new               environment as
• Very high                employees /           process
  initiative to get        stores                conformation
  feedback and                                   increases
  give follow up
Support provided to a COE


                  •   Classroom
                  •   On the job
Training inputs   •   Technical
                  •   Behavioral



                  • Motivation through visibility
                    and recognition
 Other inputs     • Process changes / inputs
Growth from Within

• IJP process
   – Opportunities for growth from within
   – Setting people up for the next role
   – Considerate of individual needs – relocations
   – Humane approach in application of policy decisions
• Generalist skills being made specialized
   – Functional and Behavioral competencies for every position
   – Biannual assessment of development needs through multi
     source feedback
   – IDPs and PIPs for every individual up to a certain level
   – Strong alignment of the L&D curriculum with the competencies
   – Training budget available even during the recession
High level of transparency-
All employees are treated as shareholders in decision
   making

• Simple HR processes and policies

• Role of HR is to create disproportionate impact (1:125)
    – work with each employee as an individual
Empowering Women

• 76% of management positions are staffed by women

• Feeling secure, safe and empowered

• Growth and leadership
  • Women Intrapreneurs
In Summary
• We value our unique business model
• We strive to align our business and employee ideologies
• We empower our stakeholders and encourage
  participative ownership of brand Fabindia
• We have a strong focus on development and growth
  from within
• Our core culture has not seen a dilution despite changes
  in our environment
• Every employee feels connected, recognizes his/her role
  in the success story that is Fabindia – in spite of rapid
  growth.
THE VISIONARY

More Related Content

What's hot

Pantaloons
PantaloonsPantaloons
PantaloonsDeep Das
 
Marketing Plan for Fabindia, Ahmedabad
Marketing Plan for Fabindia, AhmedabadMarketing Plan for Fabindia, Ahmedabad
Marketing Plan for Fabindia, Ahmedabad
Nikita Sanghvi
 
Max Retail and The Marketing Involved
Max Retail and The Marketing InvolvedMax Retail and The Marketing Involved
Max Retail and The Marketing Involved
Think As Consumer
 
Fab india Case study - Positioning
Fab india Case study - PositioningFab india Case study - Positioning
Fab india Case study - Positioning
Gaurav Sharma
 
Haldirams
Haldirams Haldirams
Haldirams
Vinish Sharma
 
Zara - A case study
Zara - A case studyZara - A case study
Zara - A case study
Amritanshu Mehra
 
social media marketing fabindia
social media marketing fabindiasocial media marketing fabindia
social media marketing fabindia
Jay Kamdar
 
Fab india overseas private ltd.
Fab india overseas private ltd.Fab india overseas private ltd.
Fab india overseas private ltd.
Pawan Kumar Choudhary
 
Case Study on Fab India- A part of our Marketing Management Assignment
Case Study on Fab India- A part of our Marketing Management AssignmentCase Study on Fab India- A part of our Marketing Management Assignment
Case Study on Fab India- A part of our Marketing Management Assignment
Ekankita Agrawalla
 
D decor report
D decor reportD decor report
D decor report
astha gupta
 
Brand Study of H&M
Brand Study of H&MBrand Study of H&M
Brand Study of H&M
ALKA YADAV
 
FAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISING
FAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISINGFAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISING
FAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISING
RashikaSinha
 
PRESENTATION ON THE BRAND FABINDIA
PRESENTATION ON THE BRAND FABINDIAPRESENTATION ON THE BRAND FABINDIA
PRESENTATION ON THE BRAND FABINDIA
POOJA
 
Biba Fashion Trends
Biba Fashion Trends Biba Fashion Trends
Biba Fashion Trends
prabhas jha
 
Fab india
Fab indiaFab india
Fab india
Jittu Varghese
 
Westside
WestsideWestside
Westside
Ankit Akash
 
Silvio Napoli at Schindler India-HBS Case Study
Silvio Napoli at Schindler India-HBS Case StudySilvio Napoli at Schindler India-HBS Case Study
Silvio Napoli at Schindler India-HBS Case Study
Rawad Mroueh
 

What's hot (20)

Pantaloons
PantaloonsPantaloons
Pantaloons
 
Marketing Plan for Fabindia, Ahmedabad
Marketing Plan for Fabindia, AhmedabadMarketing Plan for Fabindia, Ahmedabad
Marketing Plan for Fabindia, Ahmedabad
 
Max Retail and The Marketing Involved
Max Retail and The Marketing InvolvedMax Retail and The Marketing Involved
Max Retail and The Marketing Involved
 
Fab india Case study - Positioning
Fab india Case study - PositioningFab india Case study - Positioning
Fab india Case study - Positioning
 
Haldirams
Haldirams Haldirams
Haldirams
 
Zara - A case study
Zara - A case studyZara - A case study
Zara - A case study
 
social media marketing fabindia
social media marketing fabindiasocial media marketing fabindia
social media marketing fabindia
 
Fab india overseas private ltd.
Fab india overseas private ltd.Fab india overseas private ltd.
Fab india overseas private ltd.
 
Case Study on Fab India- A part of our Marketing Management Assignment
Case Study on Fab India- A part of our Marketing Management AssignmentCase Study on Fab India- A part of our Marketing Management Assignment
Case Study on Fab India- A part of our Marketing Management Assignment
 
Raymond ltd.
Raymond ltd.Raymond ltd.
Raymond ltd.
 
Strategy Analysis of Titan
Strategy Analysis of  TitanStrategy Analysis of  Titan
Strategy Analysis of Titan
 
D decor report
D decor reportD decor report
D decor report
 
Brand Study of H&M
Brand Study of H&MBrand Study of H&M
Brand Study of H&M
 
FAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISING
FAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISINGFAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISING
FAB INDIA , PLANOGRAM OF FAB INDIA, VISUAL MERCHANDISING
 
PRESENTATION ON THE BRAND FABINDIA
PRESENTATION ON THE BRAND FABINDIAPRESENTATION ON THE BRAND FABINDIA
PRESENTATION ON THE BRAND FABINDIA
 
Biba Fashion Trends
Biba Fashion Trends Biba Fashion Trends
Biba Fashion Trends
 
FabIndia
FabIndiaFabIndia
FabIndia
 
Fab india
Fab indiaFab india
Fab india
 
Westside
WestsideWestside
Westside
 
Silvio Napoli at Schindler India-HBS Case Study
Silvio Napoli at Schindler India-HBS Case StudySilvio Napoli at Schindler India-HBS Case Study
Silvio Napoli at Schindler India-HBS Case Study
 

Similar to Fabindia

Let’s talk about Agile and lean coaching
Let’s talk about Agile and lean coachingLet’s talk about Agile and lean coaching
Let’s talk about Agile and lean coachingHuitale Oy
 
Nidhi Laskar - Resume
Nidhi Laskar - ResumeNidhi Laskar - Resume
Nidhi Laskar - ResumeNidhi Laskar
 
Ps 12 catersource_service
Ps 12 catersource_servicePs 12 catersource_service
Ps 12 catersource_serviceWarren Dietel
 
Human Resources Management [indofil co.]
Human Resources Management  [indofil co.]Human Resources Management  [indofil co.]
Human Resources Management [indofil co.]Bhakti Salunke
 
Dynamic Print for Dscoop9 Recipes for Success – Profitable Operations
Dynamic Print for Dscoop9   Recipes for Success – Profitable Operations Dynamic Print for Dscoop9   Recipes for Success – Profitable Operations
Dynamic Print for Dscoop9 Recipes for Success – Profitable Operations
DynamicDave
 
Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model
Laurence Yap M.A. (UM) CHRM
 
Samvit Insights Profile
Samvit Insights ProfileSamvit Insights Profile
Samvit Insights Profilearijitchanda
 
Culture of quality workshop - Qualsys Training Workshop
Culture of quality workshop - Qualsys Training WorkshopCulture of quality workshop - Qualsys Training Workshop
Culture of quality workshop - Qualsys Training Workshop
Qualsys Ltd
 
Developing Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business StrategiesDeveloping Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business Strategies
jcmundy
 
Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...
Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...
Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...
MarkLeeson
 
ANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal Maru
ANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal MaruANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal Maru
ANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal Maru
AgileNetwork
 
Going Global in Learning: Partnering for Success
Going Global in Learning: Partnering for SuccessGoing Global in Learning: Partnering for Success
Going Global in Learning: Partnering for Success
Human Capital Media
 
BFBM(13-2015) Waves of change bfbm-13
 BFBM(13-2015) Waves of change  bfbm-13 BFBM(13-2015) Waves of change  bfbm-13
BFBM(13-2015) Waves of change bfbm-13
Hub Myanmar Company Limited
 
Developing Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business StrategiesDeveloping Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business Strategies
jcmundy
 
processdesign
processdesignprocessdesign
processdesignEasypeasy
 
sap-quality-vision-mission-policy
sap-quality-vision-mission-policysap-quality-vision-mission-policy
sap-quality-vision-mission-policyAndreas Born
 
Hr impacting business
Hr impacting businessHr impacting business
Hr impacting business
Poushali Dey
 
Ops management lecture 5 quality management
Ops management lecture 5 quality managementOps management lecture 5 quality management
Ops management lecture 5 quality management
jillmitchell8778
 

Similar to Fabindia (20)

Let’s talk about Agile and lean coaching
Let’s talk about Agile and lean coachingLet’s talk about Agile and lean coaching
Let’s talk about Agile and lean coaching
 
Nidhi Laskar - Resume
Nidhi Laskar - ResumeNidhi Laskar - Resume
Nidhi Laskar - Resume
 
Ps 12 catersource_service
Ps 12 catersource_servicePs 12 catersource_service
Ps 12 catersource_service
 
Human Resources Management [indofil co.]
Human Resources Management  [indofil co.]Human Resources Management  [indofil co.]
Human Resources Management [indofil co.]
 
Dynamic Print for Dscoop9 Recipes for Success – Profitable Operations
Dynamic Print for Dscoop9   Recipes for Success – Profitable Operations Dynamic Print for Dscoop9   Recipes for Success – Profitable Operations
Dynamic Print for Dscoop9 Recipes for Success – Profitable Operations
 
Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model
 
TQM, CYBER
TQM, CYBERTQM, CYBER
TQM, CYBER
 
Samvit Insights Profile
Samvit Insights ProfileSamvit Insights Profile
Samvit Insights Profile
 
Culture of quality workshop - Qualsys Training Workshop
Culture of quality workshop - Qualsys Training WorkshopCulture of quality workshop - Qualsys Training Workshop
Culture of quality workshop - Qualsys Training Workshop
 
Developing Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business StrategiesDeveloping Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business Strategies
 
Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...
Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...
Chris Merriman - Building a Sustainable Innovation Culture in Globally Disper...
 
ANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal Maru
ANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal MaruANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal Maru
ANIn Mumbai Feb 2023 | Growing in the most Disruptive Environment by Vishal Maru
 
Going Global in Learning: Partnering for Success
Going Global in Learning: Partnering for SuccessGoing Global in Learning: Partnering for Success
Going Global in Learning: Partnering for Success
 
BFBM(13-2015) Waves of change bfbm-13
 BFBM(13-2015) Waves of change  bfbm-13 BFBM(13-2015) Waves of change  bfbm-13
BFBM(13-2015) Waves of change bfbm-13
 
Developing Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business StrategiesDeveloping Talent Solutions Aligned with Business Strategies
Developing Talent Solutions Aligned with Business Strategies
 
processdesign
processdesignprocessdesign
processdesign
 
sap-quality-vision-mission-policy
sap-quality-vision-mission-policysap-quality-vision-mission-policy
sap-quality-vision-mission-policy
 
Hr impacting business
Hr impacting businessHr impacting business
Hr impacting business
 
Sudipto CV
Sudipto CVSudipto CV
Sudipto CV
 
Ops management lecture 5 quality management
Ops management lecture 5 quality managementOps management lecture 5 quality management
Ops management lecture 5 quality management
 

More from Best Workplaces Conference

Vijay Anand - Intuit India. Best Workplaces Conference- August 2012
Vijay Anand - Intuit India. Best Workplaces Conference- August 2012Vijay Anand - Intuit India. Best Workplaces Conference- August 2012
Vijay Anand - Intuit India. Best Workplaces Conference- August 2012Best Workplaces Conference
 
Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...
Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...
Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...Best Workplaces Conference
 
Mindtree case study presentation- Best Workplaces Conferece
Mindtree case study presentation- Best Workplaces ConfereceMindtree case study presentation- Best Workplaces Conferece
Mindtree case study presentation- Best Workplaces ConfereceBest Workplaces Conference
 
Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012Best Workplaces Conference
 
V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...
V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...
V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...Best Workplaces Conference
 
Make My Trip Case Study Presentation- Mumbai, August 2012
Make My Trip Case Study Presentation- Mumbai, August 2012Make My Trip Case Study Presentation- Mumbai, August 2012
Make My Trip Case Study Presentation- Mumbai, August 2012Best Workplaces Conference
 
Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...
Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...
Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...Best Workplaces Conference
 
Qualcomm- Case Study presentation, Mumbai August 2012
Qualcomm- Case Study presentation, Mumbai August 2012Qualcomm- Case Study presentation, Mumbai August 2012
Qualcomm- Case Study presentation, Mumbai August 2012Best Workplaces Conference
 
TPG Software (erstwhile Brickred Technologies)
TPG Software (erstwhile Brickred Technologies)TPG Software (erstwhile Brickred Technologies)
TPG Software (erstwhile Brickred Technologies)Best Workplaces Conference
 

More from Best Workplaces Conference (20)

Vijay Anand - Intuit India. Best Workplaces Conference- August 2012
Vijay Anand - Intuit India. Best Workplaces Conference- August 2012Vijay Anand - Intuit India. Best Workplaces Conference- August 2012
Vijay Anand - Intuit India. Best Workplaces Conference- August 2012
 
Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...
Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...
Make My Trip- Case study presentation #2- Best Workplaces Conferences- August...
 
Mindtree case study presentation- Best Workplaces Conferece
Mindtree case study presentation- Best Workplaces ConfereceMindtree case study presentation- Best Workplaces Conferece
Mindtree case study presentation- Best Workplaces Conferece
 
Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
 
V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...
V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...
V. R. Ferose - Managing Director, SAP Labs India- Best Workplaces Conference,...
 
Make my trip, final, bd version
Make my trip, final, bd versionMake my trip, final, bd version
Make my trip, final, bd version
 
My story as ceo (ajay kaul)
My story as ceo (ajay kaul)My story as ceo (ajay kaul)
My story as ceo (ajay kaul)
 
Patu Keswani - Founder, Lemon Tree Hotels
Patu Keswani - Founder, Lemon Tree HotelsPatu Keswani - Founder, Lemon Tree Hotels
Patu Keswani - Founder, Lemon Tree Hotels
 
Godrej Industries - August 2012
Godrej Industries - August 2012Godrej Industries - August 2012
Godrej Industries - August 2012
 
Arvind Brands and Retail- August 2012
Arvind Brands and Retail- August 2012Arvind Brands and Retail- August 2012
Arvind Brands and Retail- August 2012
 
Make My Trip Case Study Presentation- Mumbai, August 2012
Make My Trip Case Study Presentation- Mumbai, August 2012Make My Trip Case Study Presentation- Mumbai, August 2012
Make My Trip Case Study Presentation- Mumbai, August 2012
 
Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...
Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...
Samit Ghosh on ' How creating a Great Workplace' has changed him - Mumbai, Au...
 
Qualcomm- Case Study presentation, Mumbai August 2012
Qualcomm- Case Study presentation, Mumbai August 2012Qualcomm- Case Study presentation, Mumbai August 2012
Qualcomm- Case Study presentation, Mumbai August 2012
 
TPG Software- Rewards and Recognition
TPG Software- Rewards and RecognitionTPG Software- Rewards and Recognition
TPG Software- Rewards and Recognition
 
Aditi Technologies
Aditi TechnologiesAditi Technologies
Aditi Technologies
 
Sap labs
Sap labsSap labs
Sap labs
 
American Express
American ExpressAmerican Express
American Express
 
TPG Software (erstwhile Brickred Technologies)
TPG Software (erstwhile Brickred Technologies)TPG Software (erstwhile Brickred Technologies)
TPG Software (erstwhile Brickred Technologies)
 
Reliance Commercial Finance
Reliance Commercial FinanceReliance Commercial Finance
Reliance Commercial Finance
 
Music Broadcast- Radio City
Music Broadcast- Radio CityMusic Broadcast- Radio City
Music Broadcast- Radio City
 

Recently uploaded

ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).pptENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
zechu97
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 

Recently uploaded (20)

ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).pptENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 

Fabindia

  • 1. Fabindia - A Fabric of our lives
  • 2. Contents • History of Fabindia • Fabindia – a unique business entity • Some factoids about us • What makes us a great place to work − Alignment of ideology − Shared ownership and Entrepreneurial work culture − Growth from within − Transparent − Empowering women
  • 3. Historical Perspective 1960 Fabindia Inc established 1976 Flagship store at Greater Kailash, FOPL established 1976 – 1994 Single store 1999 – 2011 Grew from 5 stores to 141 stores Fabindia moved from shy to aggressive growth, all the while ensuring profitability in spite of the near vertical growth
  • 4. Fabindia – a unique business entity Twin Mandate : • A viable, profitable retail platform for products created using hand-based processes • The creation of skilled, craft-based sustainable jobs in the rural sector
  • 5. The Fabindia Business Model - Traditional brand loyalty - Product accessibility - Visibility Customers - Range - Crisil rating of - Contemporary AA - - Belief in product - Inclusive ownership : approx. 70% of the staff across levels own company stock - Sustaining Craft Fabindia - Artisan empowerment Owners / Artisan Employees Community
  • 6. Some factoids to understand us • Employee strength - 1500 + – Fabindia Employees – 1100 – Contracted staff – 400 • An “Equal Opportunity” employer  1.78 -1 mix (Men- Women) 76% of the management are women • Over 30% staff have been in the company over 5 years • Ratio of HR to staff 1: 125 • GPW results were very surprising for us 
  • 7. So how do we make it all work ?
  • 8. The Fabindia Core Values • Ownership of Company goals • Mutual Respect and Humane Approach • Fairness in our Intent • Honesty in all our actions • Result Orientation • Continuous Improvement • Leadership by Example
  • 9. Alignment of Ideology Driving business success while ensuring sustenance of craft – Hiring to translate passion for our ethnic crafts and business ideology into satisfying careers – Our hiring specifications for management levels tests candidates on their commitment to the above – All induction and orientation processes reinforce the dual objectives of our business model – Demonstrated belief in organizational values is one of the key parameters in performance assessment for senior roles
  • 10. Shared Ownership Approx. 70% of our employees across levels own the company stock – Opportunity for Wealth creation – Opportunity to partner in success
  • 11. Entrepreneurial work culture • Independent SBUs run the regions – Decentralized – Each store a profit center and each store manager an entrepreneur with a P&L responsibility • Profit sharing plans for over achievement • COC’s ensures Artisan empowerment – Sustainable community development
  • 12. Performance and Development Focus Centres of Excellence as drivers for service improvement and focus on continuous development
  • 13. Obligations of a COE To the To the Store To customer Organization Team • Consistent • Conformity to all • Highly motivated standards of processes team service • High productivity • High investment • Excellent level • Excellent in team member of customer customer development interaction feedback • Stress reduction • High levels of • Training ground in the working personalization for new environment as • Very high employees / process initiative to get stores conformation feedback and increases give follow up
  • 14. Support provided to a COE • Classroom • On the job Training inputs • Technical • Behavioral • Motivation through visibility and recognition Other inputs • Process changes / inputs
  • 15. Growth from Within • IJP process – Opportunities for growth from within – Setting people up for the next role – Considerate of individual needs – relocations – Humane approach in application of policy decisions • Generalist skills being made specialized – Functional and Behavioral competencies for every position – Biannual assessment of development needs through multi source feedback – IDPs and PIPs for every individual up to a certain level – Strong alignment of the L&D curriculum with the competencies – Training budget available even during the recession
  • 16. High level of transparency- All employees are treated as shareholders in decision making • Simple HR processes and policies • Role of HR is to create disproportionate impact (1:125) – work with each employee as an individual
  • 17. Empowering Women • 76% of management positions are staffed by women • Feeling secure, safe and empowered • Growth and leadership • Women Intrapreneurs
  • 18. In Summary • We value our unique business model • We strive to align our business and employee ideologies • We empower our stakeholders and encourage participative ownership of brand Fabindia • We have a strong focus on development and growth from within • Our core culture has not seen a dilution despite changes in our environment • Every employee feels connected, recognizes his/her role in the success story that is Fabindia – in spite of rapid growth.