Usha Martin Ltd is an Indian steel and wire products company founded in 1961 in Ranchi, Jharkhand. It produces steel wire rods, bright bars, steel wires, specialty wires, wire ropes, and other products. The company has integrated steel and mining facilities in Jharkhand and manufacturing plants in India, Thailand, Dubai, and the UK. It aims to be a customer-focused company that utilizes resources efficiently and enhances shareholder value through continual improvement, quality products, and a motivated workforce. The company's main competitors are other Indian steel producers such as Tata Steel and SAIL.
This document provides a project report on ascertaining the working capital requirements for Usha Martin Ltd. for the financial year 2012-13. It discusses the company profile, products, organizational structure, vision, mission and quality policy. It also outlines the history and milestones of the company since its inception in 1961. The report aims to analyze the profit and loss account and ascertain the working capital needs of the company for the given financial year.
Usha Martin is an integrated steel and mining company headquartered in Kolkata, India. It has business segments in steel and mining, wire ropes and specialty products, and cables. The document discusses Usha Martin's presence across countries, products, and major overseas units. It then describes the company's design of study for inventory management using ABC analysis to classify inventory items into A, B, and C categories based on their value to total inventory cost. ABC analysis shows that category A items constitute 70% of total cost, category B 20%, and category C 10%. The conclusion is that Usha Martin has achieved success through proper inventory management, and further emphasis should be given to effective inventory control.
The document outlines HR strategies and policies of Britannia. It discusses the changing expectations of HR, translating strategy into action using corporate culture, and significant changes to how international HR will function in the future. It also covers implementing strategic models, creating measurable HR plans, improving efficiency through actions like reallocating employees and changing performance appraisal, and managing trends through knowledge management and forecasting. The document provides information on Britannia's HR strategies through case studies, exercises, and videos.
This document is a summer training report submitted by S. Amudha, a student at Sree Sastha Institute of Engineering and Technology, in partial fulfillment of an MBA degree at Anna University. The report provides an organizational study of TVS Sundram Iyengar & Sons Private Limited conducted over one month. It includes sections on the company introduction, departmental scenario covering HR, finance, marketing, IT, administration, R&D and production, and the training experience gained.
The document provides information about Arindam Majumder's final project on Patanjali Dant Kanti for his PGDM program. It includes sections on the FMCG sector size and rural market in India growing from $9.2 billion in 2009 to $29.4 billion in 2016. It also provides details about Patanjali Ayurved Limited such as its founder, headquarters, revenues growing from Rs. 2009-10 crores to Rs. 2016-17 crores. The functions of the HR manager and recruitment process at Patanjali are described along with training methods provided to different job profiles.
Dabur India Limited is India's leading FMCG company with interests in health care, personal care and foods. Dabur has a history of more than 100 years . The products of Dabur are marketed in more than 50 countries worldwide. The company has 2 major strategic business units (SBU) - Consumer Care Division (CCD) & Consumer Health Division (CHD). The origin of Dabur can be traced back to 1884 when Dr. S.K. Burman started a health care products manufacturing facility in a small Calcutta pharmacy. In 1896, as a result of growing popularity of Dabur product., in early 1900s, Dabur entered the specialized area of nature based Ayurvedic medicines. In 1919, Dabur established research laboratories to develop scientific processes and quality checks. In 1936, Dabur became a Dabur India (Dr. S.K. Burman) Pvt Ltd. Dabur became a Public Limited Company in 1986. When Dabur India roped in an outsider as its CEO, Ninu Khanna, rather than passing the reins to a family-member passes to Sunil Duggal, Dabur’s CEO since 2000 has taken the business to new heights by strategic acquisitions and has expanded the product portfolio to make Dabur a comprehensive FMCG company from an Ayurvedic products seller. Today, majority of the Board members at Dabur do not belong to the Promoter family.
PERFORMANCE APPRAISAL
REWARD AND RECOGNITION
HEALTH AND SAFETY SCHEME
TALENT MANAGEMENT
TRAINING AND DEVELOPMENT
GENDER DIVERSITY
WORK LIFE BALANCE
RECRUITMENT & SELECTION
Management by objectives (MBO). Annual evaluation based on the goals set by the organisation. The reasons for failures, if any are also discussed with the employees. a standard value system is provided to the appraiser, based on which assessments are done in four categories, namely:
Outstanding.
Excellent.
Good.
Below average,
There is no open appraisal or 360 deg. feedback in the company. Also, there is only annual Feedback and discussion on reasons of failures.
In Dabur, positive leniency errors are more common, with most evaluators marking appraises high, due overestimation of targets achieved.
Based on survey of employees at Dabur, performance appraisal is satisfactory, not very good. The process needs to be integrated into the career planning of its employees in a more effective manner, with the appraisal outcome used more for the purpose of rewards. An open system with joint goals set by the appraisee and appraiser is desired.
At Dabur, the Human Resources department supports the business operations and helps enhance performance parameters for each employee. Special care is taken in nurturing talent, promoting entrepreneurship among employees and motivating employees to innovate and improve their performance through an innovative reward and recognition programme called ‘Applause’. The objectives of this scheme are:
To reward contribution of employees beyond normal monetary rewards
To recognize and applaud for immediate recognition
To promote positive behaviors in the organization
This document discusses HCL Technologies' approach to human capital management. It focuses on treating employees as the top strategic priority through initiatives like "Employees First" which aims to empower employees and enable their success. The core values of honesty, transparency, accountability, individuality and collaboration guide HCL's people practices, which include fair recruitment, competitive benefits, training programs, and ensuring a safe and respectful work environment. Whistleblower policies and transparent performance reviews help maintain high standards of conduct and accountability.
This document provides a project report on ascertaining the working capital requirements for Usha Martin Ltd. for the financial year 2012-13. It discusses the company profile, products, organizational structure, vision, mission and quality policy. It also outlines the history and milestones of the company since its inception in 1961. The report aims to analyze the profit and loss account and ascertain the working capital needs of the company for the given financial year.
Usha Martin is an integrated steel and mining company headquartered in Kolkata, India. It has business segments in steel and mining, wire ropes and specialty products, and cables. The document discusses Usha Martin's presence across countries, products, and major overseas units. It then describes the company's design of study for inventory management using ABC analysis to classify inventory items into A, B, and C categories based on their value to total inventory cost. ABC analysis shows that category A items constitute 70% of total cost, category B 20%, and category C 10%. The conclusion is that Usha Martin has achieved success through proper inventory management, and further emphasis should be given to effective inventory control.
The document outlines HR strategies and policies of Britannia. It discusses the changing expectations of HR, translating strategy into action using corporate culture, and significant changes to how international HR will function in the future. It also covers implementing strategic models, creating measurable HR plans, improving efficiency through actions like reallocating employees and changing performance appraisal, and managing trends through knowledge management and forecasting. The document provides information on Britannia's HR strategies through case studies, exercises, and videos.
This document is a summer training report submitted by S. Amudha, a student at Sree Sastha Institute of Engineering and Technology, in partial fulfillment of an MBA degree at Anna University. The report provides an organizational study of TVS Sundram Iyengar & Sons Private Limited conducted over one month. It includes sections on the company introduction, departmental scenario covering HR, finance, marketing, IT, administration, R&D and production, and the training experience gained.
The document provides information about Arindam Majumder's final project on Patanjali Dant Kanti for his PGDM program. It includes sections on the FMCG sector size and rural market in India growing from $9.2 billion in 2009 to $29.4 billion in 2016. It also provides details about Patanjali Ayurved Limited such as its founder, headquarters, revenues growing from Rs. 2009-10 crores to Rs. 2016-17 crores. The functions of the HR manager and recruitment process at Patanjali are described along with training methods provided to different job profiles.
Dabur India Limited is India's leading FMCG company with interests in health care, personal care and foods. Dabur has a history of more than 100 years . The products of Dabur are marketed in more than 50 countries worldwide. The company has 2 major strategic business units (SBU) - Consumer Care Division (CCD) & Consumer Health Division (CHD). The origin of Dabur can be traced back to 1884 when Dr. S.K. Burman started a health care products manufacturing facility in a small Calcutta pharmacy. In 1896, as a result of growing popularity of Dabur product., in early 1900s, Dabur entered the specialized area of nature based Ayurvedic medicines. In 1919, Dabur established research laboratories to develop scientific processes and quality checks. In 1936, Dabur became a Dabur India (Dr. S.K. Burman) Pvt Ltd. Dabur became a Public Limited Company in 1986. When Dabur India roped in an outsider as its CEO, Ninu Khanna, rather than passing the reins to a family-member passes to Sunil Duggal, Dabur’s CEO since 2000 has taken the business to new heights by strategic acquisitions and has expanded the product portfolio to make Dabur a comprehensive FMCG company from an Ayurvedic products seller. Today, majority of the Board members at Dabur do not belong to the Promoter family.
PERFORMANCE APPRAISAL
REWARD AND RECOGNITION
HEALTH AND SAFETY SCHEME
TALENT MANAGEMENT
TRAINING AND DEVELOPMENT
GENDER DIVERSITY
WORK LIFE BALANCE
RECRUITMENT & SELECTION
Management by objectives (MBO). Annual evaluation based on the goals set by the organisation. The reasons for failures, if any are also discussed with the employees. a standard value system is provided to the appraiser, based on which assessments are done in four categories, namely:
Outstanding.
Excellent.
Good.
Below average,
There is no open appraisal or 360 deg. feedback in the company. Also, there is only annual Feedback and discussion on reasons of failures.
In Dabur, positive leniency errors are more common, with most evaluators marking appraises high, due overestimation of targets achieved.
Based on survey of employees at Dabur, performance appraisal is satisfactory, not very good. The process needs to be integrated into the career planning of its employees in a more effective manner, with the appraisal outcome used more for the purpose of rewards. An open system with joint goals set by the appraisee and appraiser is desired.
At Dabur, the Human Resources department supports the business operations and helps enhance performance parameters for each employee. Special care is taken in nurturing talent, promoting entrepreneurship among employees and motivating employees to innovate and improve their performance through an innovative reward and recognition programme called ‘Applause’. The objectives of this scheme are:
To reward contribution of employees beyond normal monetary rewards
To recognize and applaud for immediate recognition
To promote positive behaviors in the organization
This document discusses HCL Technologies' approach to human capital management. It focuses on treating employees as the top strategic priority through initiatives like "Employees First" which aims to empower employees and enable their success. The core values of honesty, transparency, accountability, individuality and collaboration guide HCL's people practices, which include fair recruitment, competitive benefits, training programs, and ensuring a safe and respectful work environment. Whistleblower policies and transparent performance reviews help maintain high standards of conduct and accountability.
This document is a project report submitted by Thoudam Suraj Singh to the University of Science and Technology, Meghalaya in partial fulfillment of an MBA degree. The project examines working capital management at Bajaj Corp Limited over 5 years using ratio analysis. It includes an introduction outlining the importance of working capital management and ratio analysis. The report contains chapters on working capital and ratio analysis concepts, the company profile of Bajaj Corp, an analysis of the company's ratios calculated from its financial statements, findings and suggestions. Ratio analysis is used as a tool to evaluate the company's liquidity, activity, and working capital management over the period studied.
This document provides an overview of a project on the HR practices of Hindustan Unilever. It includes an executive summary that outlines the purpose of studying HUL's HR policies and processes. It then provides a brief company profile of HUL and introduces the various HR practices implemented, which are then explored in more detail in subsequent chapters. These HR practices covered include recruitment and selection, performance management, training and development, compensation, and employee engagement. The document aims to gain knowledge on how HUL approaches and carries out its HR functions.
Training Initiatives at Godrej. This Presentation explains about the training initiatives which godrej has adopted. Training at Godrej is carried out with the help of various International consultants which provides training services for various companies all over the world.
Dell was facing challenges with employee training and development not keeping pace with the company's hyper growth. This led to declining performance and increased turnover. Dell addressed this by establishing a centralized corporate training team to develop comprehensive training programs. It adopted a 70/20/10 training model focusing on on-the-job learning, learning from others, and formal training. Dell also utilized stealth learning and online tools to make training part of employees' daily work in a cost-effective manner. These strategies helped Dell successfully train and develop employees to support its rapid expansion.
Human resource policies are systems of codified decisions, established by an organization, to support administrative personnel functions, performance management, employee relations and resource planning.
Each company has a different set of circumstances, and so develops an individual set of human resource policies.
PURPOSE
The establishment of policies can help an organization demonstrate, both internally and externally, that it meets requirements for diversity, ethics and training as well as its commitments in relation to regulation and corporate governance of its employees.
HR policies can also be very effective at supporting and building the desired organizational culture.
Infosys is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It was founded in 1981 by seven engineers and is headquartered in Bangalore, India. Infosys has various HR policies covering recruitment and selection, training and development, compensation and benefits, health and safety, and employee relations. It recruits graduates from engineering and management institutes and provides extensive training programs to develop its employees.
Bharti Airtel has a strong focus on human resource management strategies that align with its business goals. Some of the key aspects of Bharti Airtel's HRM strategy include focusing on recruiting young employees on average age of 26, extensive training programs, performance-linked compensation, and emphasis on employee satisfaction. Bharti Airtel conducts regular surveys to gather employee feedback and has implemented several policies around recruitment, talent management, performance management, training, rewards, and employee benefits to motivate its workforce.
project report on hr operations and talent managementpriyamvada14
The document discusses the company profile of KidZania Delhi NCR, an indoor theme park that allows children to role play adult jobs. It outlines KidZania's locations, mission, values and the concept of allowing kids to work in simulated jobs. It also provides details about KidZania's economy, HR team structure and functions, and recruitment and talent management processes.
This document summarizes the HR policies of Hindustan Unilever Limited (HUL), the Indian subsidiary of Unilever. It discusses HUL's recruitment and selection process, which involves finding requirements, attracting candidates from internal and external sources, and selecting candidates. It also discusses employee engagement through trust, recognition, communication and fun. Performance management uses 360 degree reviews and management by objectives. Training and development programs include the Customer Development trainee program and opportunities for movement and mentoring. Compensation and benefits include medical benefits, tuition assistance, counseling, relocation support, and company stock offers.
The document provides an overview of HR policies and practices at Aditya Birla Group, a large Indian conglomerate. It discusses the group's recruitment process which includes job descriptions, competency mapping, interviews and assessments. It also summarizes the 360 degree appraisal process and talent management initiatives like development centers, individual development plans, and talent reviews. Continuous learning is emphasized through the Gyanodaya institute and programs like PRATIBIMB and ANUBHAV.
Infosys is an Indian multinational corporation that provides business consulting, IT, software engineering and outsourcing services. It was founded in 1981 in Pune, India and is headquartered in Bangalore. Infosys' vision is to be a globally respected corporation that provides best-in-class business solutions leveraging technology. Its mission is to achieve its objectives in an environment of fairness, honesty and courtesy towards clients, employees and society.
Infosys is an Indian global technology services company headquartered in Bangalore with over 145,000 employees worldwide. The document discusses Infosys' training and development department, which conducts various types of training need analysis and uses different training methods. It maintains a large training center campus in Mysore, which trains 12,000 new employees annually and features classrooms, halls, a food court, and employee facilities. The training programs cover induction, technical skills, soft skills, quality, and leadership.
Infosys is an Indian global technology company that provides business consulting, technology and outsourcing services. It trains new recruits at its Global Education Center in Mysore, offering induction programs, technical training, soft skills training, and certifications in areas like web development, ITIL, big data and Hadoop. The document discusses Infosys' training practices and HR strategy, and concludes that its certification programs and training processes have helped the company grow to over 145,000 employees while decreasing employee turnover.
This document provides a summary of the human resources policies and practices of Pantaloon Retail (India) Limited, a large Indian retailer. It outlines the company's mission to serve customers and stakeholders by creating future consumption scenarios leading to economic development. The recruitment process sources candidates through databases and references, with minimum education and experience requirements varying by role. New employees undergo training programs. Performance is evaluated annually using rating scales or balanced scorecards to determine increments, promotions, and other compensation. Benefits include insurance, education assistance, and employee discounts. Absenteeism and high turnover, especially among salespeople, present ongoing challenges.
Tata steel financial analysis with comments on trend and comparative balances...NIRAV CHAUHAN
Here are the key trends analyzed from the balance sheet data:
- Net worth has shown a consistent increase over the years from Rs. 29,704 crores in 2009 to Rs. 52,216 crores in 2012 indicating growth in the company's equity.
- Total debt levels peaked in 2011 at Rs. 28,301 crores due to loans taken to finance acquisitions but have since declined to Rs. 23,694 crores in 2012.
- Fixed assets have risen from Rs. 20,057 crores in 2009 to Rs. 23,486 crores in 2012 as the company continues to invest in expanding its operations.
- Capital work in progress has increased substantially from Rs. 3,488 crores
The document provides background information on working capital management. It discusses how working capital is essential for companies to meet daily expenses but needs to be managed properly. It then introduces the Orissa Power Transmission Corporation Limited (OPTCL), one of India's largest power transmission organizations, as the focus of the study. The study will analyze OPTCL's working capital position and make recommendations. It outlines the objectives, hypotheses and limitations of the study. Finally, it provides an overview of OPTCL, including its vision, mission and operations across Orissa.
This document provides a project report on the HR policies and their implementation at Deepak Nitrite Limited. It begins with an introduction to the topic and objectives of studying the company's HR policies. It then discusses the research methodology used involving data collection, sampling and hypotheses. The main body of the report analyzes the key HR policies at Deepak Nitrite Ltd and presents data analysis and interpretations. It concludes with suggestions and recommendations. The company is described as a leading manufacturer of organic, inorganic, fine and specialty chemicals with five manufacturing facilities in India and a focus on quality, innovation and customer satisfaction.
This document provides an overview of Maruti Suzuki India Limited, including:
- Key facts about the company such as year established, joint venture partner, products offered, revenue, etc.
- Milestones in the company's development from 1981 to present.
- Details about the company's facilities in Gurgaon and Manesar.
- Mission and vision statements focusing on contributing to society through automotive manufacturing and long-term stable growth.
The document discusses recruitment and selection processes at CH Institute of Management & Communication. It describes the institute's departments and career opportunities. It then discusses the selection process, including preliminary interviews, employment interviews, reference checks, and job offers. It also addresses challenges in recruitment and selection like talent shortages. Common recruitment sources and advertising mediums are identified. The recruitment plan and stages in the selection process are outlined. Suggestions are provided for performance appraisal and improving the fire process. Various appraisal methods like checklists, rating scales, and rankings are defined.
The document is a project proposal for conducting a training needs assessment of employees at Usha Martin Limited in Jamshedpur, India. The primary objective is to identify and assess the training needs of employees. The scope is limited to the Jamshedpur location and concerns the training needs of UML employees. Data was collected through questionnaires distributed to 25 employees across three departments. The findings reveal that training has enhanced employees' skills, knowledge, attitudes and behaviors. Suggestions include providing both on-the-job and off-the-job training, and upgrading infrastructure to meet future competency needs.
This document discusses several Molykote products including Molykote LT OO, Molykote LT 2 Plus, and Molykote P 74 which are lubricants. It also mentions cam shaft and provides a phone number for Project Sales Corp.
This document is a project report submitted by Thoudam Suraj Singh to the University of Science and Technology, Meghalaya in partial fulfillment of an MBA degree. The project examines working capital management at Bajaj Corp Limited over 5 years using ratio analysis. It includes an introduction outlining the importance of working capital management and ratio analysis. The report contains chapters on working capital and ratio analysis concepts, the company profile of Bajaj Corp, an analysis of the company's ratios calculated from its financial statements, findings and suggestions. Ratio analysis is used as a tool to evaluate the company's liquidity, activity, and working capital management over the period studied.
This document provides an overview of a project on the HR practices of Hindustan Unilever. It includes an executive summary that outlines the purpose of studying HUL's HR policies and processes. It then provides a brief company profile of HUL and introduces the various HR practices implemented, which are then explored in more detail in subsequent chapters. These HR practices covered include recruitment and selection, performance management, training and development, compensation, and employee engagement. The document aims to gain knowledge on how HUL approaches and carries out its HR functions.
Training Initiatives at Godrej. This Presentation explains about the training initiatives which godrej has adopted. Training at Godrej is carried out with the help of various International consultants which provides training services for various companies all over the world.
Dell was facing challenges with employee training and development not keeping pace with the company's hyper growth. This led to declining performance and increased turnover. Dell addressed this by establishing a centralized corporate training team to develop comprehensive training programs. It adopted a 70/20/10 training model focusing on on-the-job learning, learning from others, and formal training. Dell also utilized stealth learning and online tools to make training part of employees' daily work in a cost-effective manner. These strategies helped Dell successfully train and develop employees to support its rapid expansion.
Human resource policies are systems of codified decisions, established by an organization, to support administrative personnel functions, performance management, employee relations and resource planning.
Each company has a different set of circumstances, and so develops an individual set of human resource policies.
PURPOSE
The establishment of policies can help an organization demonstrate, both internally and externally, that it meets requirements for diversity, ethics and training as well as its commitments in relation to regulation and corporate governance of its employees.
HR policies can also be very effective at supporting and building the desired organizational culture.
Infosys is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It was founded in 1981 by seven engineers and is headquartered in Bangalore, India. Infosys has various HR policies covering recruitment and selection, training and development, compensation and benefits, health and safety, and employee relations. It recruits graduates from engineering and management institutes and provides extensive training programs to develop its employees.
Bharti Airtel has a strong focus on human resource management strategies that align with its business goals. Some of the key aspects of Bharti Airtel's HRM strategy include focusing on recruiting young employees on average age of 26, extensive training programs, performance-linked compensation, and emphasis on employee satisfaction. Bharti Airtel conducts regular surveys to gather employee feedback and has implemented several policies around recruitment, talent management, performance management, training, rewards, and employee benefits to motivate its workforce.
project report on hr operations and talent managementpriyamvada14
The document discusses the company profile of KidZania Delhi NCR, an indoor theme park that allows children to role play adult jobs. It outlines KidZania's locations, mission, values and the concept of allowing kids to work in simulated jobs. It also provides details about KidZania's economy, HR team structure and functions, and recruitment and talent management processes.
This document summarizes the HR policies of Hindustan Unilever Limited (HUL), the Indian subsidiary of Unilever. It discusses HUL's recruitment and selection process, which involves finding requirements, attracting candidates from internal and external sources, and selecting candidates. It also discusses employee engagement through trust, recognition, communication and fun. Performance management uses 360 degree reviews and management by objectives. Training and development programs include the Customer Development trainee program and opportunities for movement and mentoring. Compensation and benefits include medical benefits, tuition assistance, counseling, relocation support, and company stock offers.
The document provides an overview of HR policies and practices at Aditya Birla Group, a large Indian conglomerate. It discusses the group's recruitment process which includes job descriptions, competency mapping, interviews and assessments. It also summarizes the 360 degree appraisal process and talent management initiatives like development centers, individual development plans, and talent reviews. Continuous learning is emphasized through the Gyanodaya institute and programs like PRATIBIMB and ANUBHAV.
Infosys is an Indian multinational corporation that provides business consulting, IT, software engineering and outsourcing services. It was founded in 1981 in Pune, India and is headquartered in Bangalore. Infosys' vision is to be a globally respected corporation that provides best-in-class business solutions leveraging technology. Its mission is to achieve its objectives in an environment of fairness, honesty and courtesy towards clients, employees and society.
Infosys is an Indian global technology services company headquartered in Bangalore with over 145,000 employees worldwide. The document discusses Infosys' training and development department, which conducts various types of training need analysis and uses different training methods. It maintains a large training center campus in Mysore, which trains 12,000 new employees annually and features classrooms, halls, a food court, and employee facilities. The training programs cover induction, technical skills, soft skills, quality, and leadership.
Infosys is an Indian global technology company that provides business consulting, technology and outsourcing services. It trains new recruits at its Global Education Center in Mysore, offering induction programs, technical training, soft skills training, and certifications in areas like web development, ITIL, big data and Hadoop. The document discusses Infosys' training practices and HR strategy, and concludes that its certification programs and training processes have helped the company grow to over 145,000 employees while decreasing employee turnover.
This document provides a summary of the human resources policies and practices of Pantaloon Retail (India) Limited, a large Indian retailer. It outlines the company's mission to serve customers and stakeholders by creating future consumption scenarios leading to economic development. The recruitment process sources candidates through databases and references, with minimum education and experience requirements varying by role. New employees undergo training programs. Performance is evaluated annually using rating scales or balanced scorecards to determine increments, promotions, and other compensation. Benefits include insurance, education assistance, and employee discounts. Absenteeism and high turnover, especially among salespeople, present ongoing challenges.
Tata steel financial analysis with comments on trend and comparative balances...NIRAV CHAUHAN
Here are the key trends analyzed from the balance sheet data:
- Net worth has shown a consistent increase over the years from Rs. 29,704 crores in 2009 to Rs. 52,216 crores in 2012 indicating growth in the company's equity.
- Total debt levels peaked in 2011 at Rs. 28,301 crores due to loans taken to finance acquisitions but have since declined to Rs. 23,694 crores in 2012.
- Fixed assets have risen from Rs. 20,057 crores in 2009 to Rs. 23,486 crores in 2012 as the company continues to invest in expanding its operations.
- Capital work in progress has increased substantially from Rs. 3,488 crores
The document provides background information on working capital management. It discusses how working capital is essential for companies to meet daily expenses but needs to be managed properly. It then introduces the Orissa Power Transmission Corporation Limited (OPTCL), one of India's largest power transmission organizations, as the focus of the study. The study will analyze OPTCL's working capital position and make recommendations. It outlines the objectives, hypotheses and limitations of the study. Finally, it provides an overview of OPTCL, including its vision, mission and operations across Orissa.
This document provides a project report on the HR policies and their implementation at Deepak Nitrite Limited. It begins with an introduction to the topic and objectives of studying the company's HR policies. It then discusses the research methodology used involving data collection, sampling and hypotheses. The main body of the report analyzes the key HR policies at Deepak Nitrite Ltd and presents data analysis and interpretations. It concludes with suggestions and recommendations. The company is described as a leading manufacturer of organic, inorganic, fine and specialty chemicals with five manufacturing facilities in India and a focus on quality, innovation and customer satisfaction.
This document provides an overview of Maruti Suzuki India Limited, including:
- Key facts about the company such as year established, joint venture partner, products offered, revenue, etc.
- Milestones in the company's development from 1981 to present.
- Details about the company's facilities in Gurgaon and Manesar.
- Mission and vision statements focusing on contributing to society through automotive manufacturing and long-term stable growth.
The document discusses recruitment and selection processes at CH Institute of Management & Communication. It describes the institute's departments and career opportunities. It then discusses the selection process, including preliminary interviews, employment interviews, reference checks, and job offers. It also addresses challenges in recruitment and selection like talent shortages. Common recruitment sources and advertising mediums are identified. The recruitment plan and stages in the selection process are outlined. Suggestions are provided for performance appraisal and improving the fire process. Various appraisal methods like checklists, rating scales, and rankings are defined.
The document is a project proposal for conducting a training needs assessment of employees at Usha Martin Limited in Jamshedpur, India. The primary objective is to identify and assess the training needs of employees. The scope is limited to the Jamshedpur location and concerns the training needs of UML employees. Data was collected through questionnaires distributed to 25 employees across three departments. The findings reveal that training has enhanced employees' skills, knowledge, attitudes and behaviors. Suggestions include providing both on-the-job and off-the-job training, and upgrading infrastructure to meet future competency needs.
This document discusses several Molykote products including Molykote LT OO, Molykote LT 2 Plus, and Molykote P 74 which are lubricants. It also mentions cam shaft and provides a phone number for Project Sales Corp.
Wire rope slings are composed of steel wires woven together in strands around a core. The document discusses wire rope sling parts like strands, cores, and lays. It also covers factors that can deteriorate ropes like wear, corrosion, abrasion and mechanical damage. Proper inspection, storage, and use are important to maximize a sling's service life.
The document discusses a project on the performance management system at Usha Martin Limited conducted by Shalini Pandey for her MBA program. It includes an executive summary, objectives, research methodology, background of the company, industry analysis, financial analysis, and details of the existing performance management system at Usha Martin Limited. The study analyzes various aspects of the performance management process through a survey of officers to understand its effectiveness.
Usha Martin Technologies is a $1 billion technology company that offers various IT services including telecom billing, business intelligence and CRM solutions, eBusiness solutions using Hybris and SAP platforms, and enterprise mobility solutions. It has over 70 global engagements across 11 countries, 4 offices in Asia Pacific, US, Europe and Africa, and over 70 trained Hybris developers. It provides end-to-end eCommerce and mobility services including development, implementation, testing, and support. Some of its case studies include developing an online store for a US tech company and implementing an omni-channel solution for a UK wine and spirits merchant.
The document discusses the steel industry in India. It provides an introduction to the steel industry, noting that India is the 8th largest producer of crude steel globally. It then discusses the market scenario for steel in India, highlighting increasing consumption. The document also discusses the global steel scenario, major players in the Indian steel industry like SAIL and Tata Steel, pricing strategies, and opportunities for growth in the industry.
This document provides information about TST Flaw Detection Technology Co., Ltd., including:
1) TST develops and markets flaw detection systems for wire ropes and conveyor belts that automatically detect physical flaws to evaluate safety and performance.
2) TST's solutions include portable, real-time, and customized detection systems that can be applied across industries to enhance both safety and business efficiency.
3) By 2013, TST had installed over 350 detection systems in China and worldwide, helping customers achieve safer operations and better management of assets.
This document discusses various abnormalities, fractures, and pathologies that can occur in the cervical vertebrae and craniocervical junction. It describes os odontoideum, persistent ossiculum terminale, Jefferson fractures, three types of odontoid fractures, hangman's fractures, Chiari malformations, rheumatoid arthritis, tuberculosis, and various tumors that can affect this region. Imaging findings for many of these conditions are also presented.
The document discusses carbon footprints in the textile industry. It defines carbon footprint as the total greenhouse gas emissions caused by an organization, product, or activity. The textile industry has a large carbon footprint due to the energy and resources required for production. Calculating carbon footprints involves quantifying direct emissions from energy use as well as indirect emissions from a product's entire lifecycle. Reducing the textile industry's carbon footprint can be achieved through methods like using renewable energy sources, modernizing equipment, optimizing processes, and utilizing sustainable materials. Measuring and lowering carbon footprints is important for the textile industry to reduce its environmental impact.
Salmon's presentation given at a half-day advisory seminar and networking session designed for Rackspace eCommerce clients and prospects, eCommerce software partners and web design partners.
The document summarizes an industrial training at Heavy Engineering Corporation Ltd (HEC) in Ranchi, Jharkhand, India. HEC has three main manufacturing units: a Foundry Forge Plant that produces castings and forgings, a Heavy Machine Building Plant that manufactures equipment for steel plants and other industries, and a Heavy Machine Tools Plant that designs machine tools. The training covered tours of each plant and their manufacturing capabilities. Key equipment seen included a 6000-ton hydraulic press and large lathes and boring mills. HEC produces products like electric overhead cranes, mining shovels, and specialized machine tools.
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Manoj usha martin
1. A REPORT ON INDUSTRIAL
VISIT AT USHA MARTIN
LTD.
4/12/2012
USHA MARTIN LTD.
Manoj Kumar Pramanik
CUJ/1/2009/MBA/14
Submitted to:-
Asst. Proff. - PRAGYAN PUSHPANJALI
CENTRE FOR BUSINESS ADMINISTRATION
CENTRAL UNIVERSITY OF JHARKHAND
2. TABLE OF CONTENTS
1. History of organization
2. Company Profile
3. Board of Directors
4. Products and Services
5. Competitors Analysis
6. Manufacturing Process
7. Organizational structure
8. Marketing Analysis
9. SWOT Analysis
10. Future growth and prospectus
11. Learning and experience
12. Conclusion
3. ACKNOWLEDGEMENT
I want to say thank to all those who have made this industrial visit
successful for me and my group and I would like to thank god for his
blessings and grace, without which my industrial visit would not have
seen the light of the day. I would also like to thank the HRD Manager, Mr.
Arvind Kumar who provided me a golden chance for Industrial Visit. I
would also extend my thanks to all faculties members of Central University
of Jharkhand and my special thanks to Asst. Proff. Pragyan Puspanjali for
her guidance and appreciative support in spite of busy schedule at Usha
Martin Limited.
4. PREFACE
Industrial visit is essential to get the practical knowledge about the
theoretical things.
This one day visit made us to understand the working
culture of the business organization.
My topic is production process of Rope and Product Division in Usha
Martin Ltd. Tatisilwey, Ranchi, Jharkhand.
5. HISTORY OF THE ORGANISATION:-
Usha Martin Limited is engaged in specialty steel and value added
steel products business. The Company's business include integrated captive iron
ore and coal mines in Jharkhand and integrated steel plant near Jamshedpur
producing a range of specialty steel wire rod and bar products, from five
millimeters to 160 millimeters diameter. The Company is a part of the Usha Martin
Group, which was formed in India in the early 1960s with the establishment of
Usha Martin Industries Limited (UMIL), engaged in the manufacture of steel
wires, wire ropes and other related products. The group was promoted by Mr. B. K.
Jhawar, who is the Chairman of the Company. Its steel wire rope manufacturing
plants are located at Ranchi and Hoshiarpur in India and in Thailand, Dubai and
United Kingdom overseas. Usha Beltron Limited was incorporated on 21 May,
1986 as a joint venture between Usha Martin Industries Limited, Bihar State
Electronics Development Corporation Limited, AEG Kabel and DEG, Germany, to
manufacture Jelly Filled Telephone Cables (JFTC). Pursuant to the Orders of the
Hon'ble High Court of Kolkata and Patna (Ranchi Bench). Usha Martin Industries
Limited merged with Usha Beltron Limited with effect from 15th May, 1998.
Thereafter the registered office was shifted from Tatisilwai, Ranchi, and Bihar to
Kolkata in the State of West Bengal in the year 2000. The name of Usha Beltron
Limited was changed to Usha Martin Limited with effect from 1st May, 2003.
COMPANY PROFILE:-
Usha Martin Limited was started in 1961 in Ranchi (Jharkhand) as a wire
Rope manufacturing company. Today the Usha Martin Group is an Rs.3000 crore
conglomerate with a global presence. The products are, wire rods, bright bars, steel
wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable
machinery. Incorporated in 1960 Mr. B.K. Jhawar, the present chairman, pioneered
it. It was promoted to manufacture steel and wires ropes in collaboration with
Martin Black of Scotland as a joint Indo-British venture. From 1st October 1997,
this company has been merged with Usha Beltron Ltd which has been renamed as
wire and wire ropes division, within which six companies are included.
6. In 1979, the company set up a steel plant with wire rod rolling mill at Jamshedpur,
to benefit from business integration. This ensured a steady supply of steel for the
manufacture of value added products. Today, the Jamshedpur unit has a truly
integrated specialty steel manufacturing facility of 700,000 MT per annum. Out of
which, about 35% is consumed internally by its plant in Ranchi, Hoshiarpur &
Bangkok, producing steel wire, steel strand, steel cords, bright bar and steel wire
ropes. All its manufacturing facilities are ISO 9000 certified and the steel plant
was India’s first to receive the TPM Excellence Award from JIPM, Japan.
The MILESTONES of the Company’s development over the years:-
2003
The Company has disposed off its Rolling Mill Division at Agra for focussing on
core business.
The name of the Company was changed to Usha Martin Limited with effect from
1st May, 2003.
Brunton Wolf Wire Ropes FZ Co Middle East Dubai commenced its commercial
production with production capacity of 6,000 MT p.a. A joint venture between
Usha Martin International Ltd and Gustav Wolf of West Germany.
The Company successfully created new facilities by modifying the cable plant to
manufacture value added products such as bright bars, special wires and
conveyor cords.
7. 2004
The Company successfully commissioned DRI and WHRB power plant at its
Steel Division in Jamshedpur.
2005
The Company signs an MOU with Joh. Pengg for manufacturing of the specialty
oil tempered spring steel wire.
Takeover of JCT Ltd.’s steel division completed and successfully integrated with
Usha Martin.
Commences Iron ore mining successfully.
Railway Siding commenced.
DRI power plant capacity augmented by further 5 mw by putting up 40 tph char
boiler.
Commissioning of 3rd Ladle Furnace at SMS to increase steel capacity to
3,60,000 mt p.a.
The Company made its third GDR issue at a price of US$ 4.61 per GDR, for a
total consideration of US$ 33.29 Million (1 GDR representing 1 equity share).
Incorporation of Brunton Shaw America Inc as a new subsidiary of the company
2006
Pursuant to B.T.A the company acquired the business of Usha Construction Steel
Ltd, Rolling Mill at Agra w.e.f 1st December,2006 as a part of its steel segment.
2007
.Successful commissioning of Wire Rope Plant at Houston, America.
.The company subdivided its equity share from Rs 5/- each to Rs 1/- each.
.Preferential allotment of 385,00,000 warrants to promoters @Rs 87/- per
warrants totaling Rs 335 Crores.
8. BOARD OF DIRECTORS:-
Mr. Prashant jhawar (chairman)
B K jhawar (chairman-Emeritus)
Brij k jhawar (Director)
N J jhawari (Director)
A K choudhari (Director)
Mr Ashok basu (Director)
Mr Salil singhal (Director)
Mrs Ramni nirula (Director)
G n bajpai (Director)
Mr Nripendra mishra (Director)
Rajiv Jhawar (MD))
P Bhattacharya (JT MD)
Dr Vijay sharma (Ex Director & CE, steel business)
P K Jain (Ex Director & CE, wire & Wire rope
VISION, MISSION, QUALITY, & ENVIRONMENT POLICY:-
Vision:- the main vision of the company is- To build company a world class &
acquire leadership in business world, in terms of quality, productivity, profitability
& customer satisfaction.
Mission:-
To be a customer and shareholder observed factory.
To expand its area of its operation & utilize the raw material efficiently.
To develop highly motive team with a sense of full-satisfaction.
To enhance the value of the shareholders of the company and services to all stake
holders.
To enhance the value of the organization.
9. Quality policy:-
Providing high quality product & services that meet customer expectation.
Effectively utilize potential contribution of suppliers through fair practice &
technical leadership.
Continues improvement of quality management system and process.
Involve employees through training, motivation & empowerment.
Fostering the professional development of our employee.
Provide resources and create a safe and healthy work environment.
Continues enrichment of the skills and knowledge of the employees through
educational training and development programme.
Compliance to all applicable statutory and regulatory.
Company’s suppliers and customers are partner in progress.
Environment policies:-
- To create & maintain a healthy & enjoyable environment.
- Environment legislation
- Achieve set Target for continual improvement.
- Minimize waste.
- Reuse of resources.
PRODUCT & SERVICE PROFILE:- Following are the main products of
Usha Martin ltd. which the company produces & export.
Wire
Wire Rope
Bright bar
Conveyor cord
Telecom cable
Future plans of Usha Martin ltd. are focused on its operation in Jharkhand – a state
rich in mineral resources. Future priorities include product mix enrichment, cost
reduction and infrastructural development as well as improvements. the company
is planning to invest in its iron ore and coal mines, sinter plant, pellet plant, power
plants, while also enhancing its steel making and value added products capacity
with an investment of Rs 2,100 crore.
10. COMPETITORS:-
Following are the main competitors of this company in this sector-
Tisco , Jamshedpur
Musco, Mumbai
Rinl, vizag
Siscol, salem
Facor, Nagpur
Sun flags, Nagpur
Elango industries ltd
Electro steel
Jindal stainles
OCL iron
Varun industries
Inducto steel ltd
Mukand ltd
Mahindra ugine steel company ltd
Shah Alloys ltd
Welcast steel ltd.
INFRASTRUCTURAL FACILITIES:-
Usha Martin is a huge conglomerate situated15km far from main city Ranchi. It
has been providing different infrastructural facility like:-
Accommodation for employees at lower rates.
Officers association
Workers association
One guest house
Clubs for both executives & non executives
Medical facility
Transportation facility etc.
13. McKINSEY‘S 5’S FRAMEWORK MODEL:-
‘Soft’ variables:
Staff: demographics of personnel.
Style: behavior of managers when interacting with others.
Skills: core competencies of the firm.
Shared Value: culture, which is actually the core element to it all.
Set in order: - Company has to arrange the production process etc.
Shine: - Company has to remove doubt and dust. Ready to use…
Standardization: - Products quality should be high.
Sustain: - Self discipline
ORGANISATIONAL STRUCTURE:-
Human Resources Development (HRD)
Head of P & A
DGM HRD
SENIOR MANAGER DGM
DDDD(HRD)MMMMMMAMM
MMMMMMMAMANAGER
14. HRD concentrates on developing employee through trading with changes in
knowledge, skills and attitudes. As a results, changes in job performance and
ultimately changes in organizational effectiveness. It emphasizes on giving based
training with active guidance from the corporate office and MNTI, Ranchi.
ORGANIZATIONAL STRUCTURE:-
15. SPECIFIC AREA
Specific areas of this company are:-
Safety
Environment
Cost control and deduction
Quality
BUSINESS DRIVES
Business drives of this company are:-
P- Productivity
Q-Quality
C-Cost (cost effective)
D- Delivery
S-Safety
M-Moral of the employee
TPM (TOTAL PRODUCTIVE MANAGEMENT)
POLICY: - To adopt TPM with all employees’ participation to achieve zero
failure, zero defects, and zero accident and create a workplace that is clean and
pleasant.
OBJECTIVES:-
Zero accident- there is some root cause accident inside the plant. For that
company follow the “why-why analysis”. In this analysis company findings
the reasons of accident in the plant.
Zero defect- company always focuses on the zero defect product. They
follow SOP analysis to measure the process. It is designed for knowing the
reason of defect of products. For this company follows 4’M strategy.
Zero failure- whatever machines, equipment using for manufacturing the
products, should be zero failure.
MARKETING ANALYSIS:-
Major customers
Defense units.
Railways.
Engineering industries.
ESCORTS.
BEML units.
Automobiles / Foreign industries.
16. Marketing Strategies
Marketing Strategies adopted to attract and retain Customers:-
Buyer market.
Quick delivery.
Better quality
MARKET SEGMENTATION
Market segmentation means dividing the market into different segments or Sector.
In Usha Martin Ltd., the market segmentation is on the basis of customer-wise and
product-wise.
By customer-wise
Defense sectors.
Railway sector.
Auto and Forging sector.
Engineering sector.
Trade sector.
By product-wise
Alloy steel.
Spring steel
Scraps Slag.
SWOT ANALYSIS:-
SWOT is an acronym used to describe the particular strength, Weakness,
Opportunities and Threats that are strategic factors for a specific company. This
comprehensive SWOT analysis of Usha Martin Ltd. provides us an in-depth
strategic analysis of the company's businesses and operations.
Strengths:-
It is the potency of the company, which makes the difference from others in the
industry, the important strengths of the company are:
UML ranked under no. 2 in world & in INDIA No. company in
manufacturing of wire & wire rope
It has good brand image.
It produces quality products.
It has wide product range.
UML is the few produces in the world that produces specific wire and
wire rope products.
17. Location advantage with proximity to major markets (north, south,
east, west).
It has good infrastructure.
Healthy financial position
Weakness:-
UML has overlooked small customers.
It has large overhead.
Its products are available at high prices. it lacks warehouse and
distribution centers.
Non effective advertising image.
Lack of professionalism & work ethics in employees.
Out dated technology with regards to production.
Adverse age mix of workers and high average wage.
Surplus employees with an averages age over 40 years lack of
young employees at work.
Demand of elevator ropes has increased due to global
infrastructure development
Opportunity:-
UML has increased its sales by reducing costs.
It can improve its global market share.
It can develop elevator rope with maximum breaking load.
UMI can increase its profit, if it gives more emphasis on
getting the customer.
Now present condition reliance has found crude oil resources
in Krishna Godavari basin in south, new opportunities present
for UML to produce rope.
Growing in iron and steel market.
Competitors are not as strong as UML.
Mushrooming of apartment in India & Abroad Competitive
environment calls for improvement and increase in
productivity.
Cost advantage with the adoption of sophisticated technology.
18. Threats:-
Small rivals are emerging in different parts of the countries.
Low prices of the rival’s products are the great threats.
Changes in government policies regarding import duties,
export subsidies do changes in regular basis thereby increasing
the risk for UML.
Poor infrastructure of the state.
Fluctuation in exchange rate.
Resistances from the state and central government of India.
Frequently bands and strikes in Jharkhand which delays the
delivery and hinder the availability of raw material.
Too many welfare activities lead to the increase in
expectations of employees this could at some point of time
become a reason for dispute.
Upgraded technology used by other manufacturer helps in
supplying the rates which could eat the market share.
FUTURE GROWTH AND PROSPECTUS:-
The companies’ business strategy is to ensure profitable growth in the future will
be through:-
Strengthening of exports with an emphasis on consolidating Usha Martin
presence in existing market while tapping new regions for export of value added
products.
Higher asset utilization across plant location, particularly leveraging the benefits
of the upgraded rolling mills as taking steps to optimize use of ideal physical
infrastructure asset enriched product makes for higher returns from existing needs.
Cost control efforts including better logistics, higher operating efficiencies and
improved working capital management.
Realization of synergy gain with Usha Martin to ensure better market position.
19. LEARNING EXPERIENCE:-
It was a good experience for me in carrying out the industrial visit. The main
purpose of the industrial visit was to get the practical knowledge about the overall
functioning of the organization and its culture. It helped me to gain practical
knowledge and exposure. I knew about the production process, how the wires are
manufactured. I visited the plant of Usha Martin Ltd, where I gained practical
knowledge about the working process and functioning of the organization in
accordance with the present market trends. I saw the different division (unit) of the
company. This visit has also provided an opportunity to study the human behavior
and analyze different situations, which normally would come across while on work
in the office or factory environment. I got the clear picture about how the
organization work is carried on and the duties and responsibilities of the employees
in the organization.
CONCLUSION:-
Usha martin limited is the only leading company in India and the 2 largest nd
company in the world which deals in wire and wire ropes. It was started in 1961 in
Ranchi (Jharkhand) as a wire Rope manufacturing company. Today the Usha
Martin Group is an Rs.3000 crore conglomerate with a global presence. The
company is mainly focusing on producing of specialty steel and value added steel
product, with key focus on wire ropes, cords, strands, wire and bright bars. The
significant strength of the company is integrated business of captive minerals,
specialty steel and global wire ropes manufacturing, and marketing. Capital
expenditure programme to increase capacity in mining, power generation, DRI,
blast furnace route iron making, steel melting, stages of implementation and is
likely to be commissioned in phased manner in current and next 6 financial year.
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THANKING YOU!