This document summarizes a study conducted on employee perceptions of financial planning at Welspun India Ltd. The objectives were to understand perceptions and differences based on demographics. A survey was administered to 75 employees using closed-ended questions in Likert scale format. The results found that most employees agree that financial planning is beneficial and reduces burdens. However, many still save less than 30% of their salary each month. Most also felt that past financial planning was helpful during the COVID-19 pandemic.

1. A p r o j e c t r e p o r t o n a s t u d y o f e m p l o y e e s p e r c e p t i o n t o w a r d s f i n a n c i a l p l a n n i n g
AT
We l s p u n I n d i a L t d .
U N D E R T H E G U I D A N C E O F
I N T E R N A L G U I D E : - P r o f . D r. A a b h a S . S i n g h v i
E X T E R N A L G U I D E : - M r. H i t s h P a r e e k h
M A D E B Y: - S i n g h A n j a l i K u m a r i Vi j a y S i n g h
E N R O L L M E N T N O : - 1 9 7 1 6 0 5 9 2 0 6 4
Summer Internship Project

2. Company Profile
Name of Company Welspun India Ltd.
Type Private limited
Founded 1985,Mumbai
Founder Gopi Ram Goenka
MD and CEO Balkrishna Goenka(Chairman)
Dipali Goenka ( CEO and Joint MD)
Address Vapi, Phase 1 GIDC, Morai, Vapi , Gujarat
E-Mail Companysecretary-WIL@welspun.com
Website www.Welspunindia.com
Business Type Active

3. About Company Product
 Company is producing following products:-
 Bedding,
 -Bed sheets,
 -Pillow cases,
 -Comforters,
 -Quilt,
 -Bath rugs,
 -Terry Towels,
 -Bath Robes,
 -carpets,
 -Power/Energy,
 -pipes,
 -Steel,
 -Plates and Coils.

4. Vision:-Delight our customer through innovation and technology, achieve
inclusive and sustainable growth to remain eminent in all our business.
Mission:-We endeavor to reach the leadership position in each
segment/sector of our product/Services.
We are committed to satisfy our customers by providing such quality product/
Services, which gives highest value for money.
Motto:- Dare to Commit

5. Brand Portfolio of Company
 Spaces
 Christy
 Welhome
 Kingsley Home
 Wimbledon Towels
 Spun
 Wel- Trak
 Amy
 Rugby
 Crowning Touch

6. Organizational Structure
Main Director
Site Director
Departmental Head
Finance Dept. HR Dept.
Costing Dept.Marketing Dept
Production Dept.

7. Literature Review
Author Year Topic Conclusion
Dr . Vikas
Shrotria
2019 “Budgeting: A Financial
Planning tool for
Individuals”
It is found that Financial planning
is affected by various factors.
While doing financial planning it
is necessary to create budget
Tan Hui Boon 2011 “Financial literacy and
personal financial
planning”
It is found that to understand
financial planning in the better
way it is necessary to have
knowledge related to financial
planning. It is found that
education level is also most
important factors which affect
financial planning.

8. LR Cont…
David S. Murphy
and Scott Yetmar
2010 “Personal
Financial planning
attitudes: A
preliminary studies
of graduate
students.”
His main purpose of study is
to find out the attitudes
regarding financial planning of
MBA students in the USA.
After making a survey of 206
MBA students they found that
most of the students says that
financial planning is important
and they are interested in
developing a financial plan.
13% students said that they are
doing financial planning by
himself/herself and remaining
are taking support of financial
advisors.

9. Background of the Study
 The term Finance came from the French word ‘FINER’ which means is to
make an end and settle a debt.
 The term ‘FINANCE’ can be defined as the process of managing the money
and the process of acquiring needed fund and every amount of finance needs
planning.
 Financial planning is a process that a person goes through to find out where
they are now( Financially), determine where they want to be in future and what
they are going to do to get there.

10. Process of financial planning
 Step-1: Determine your current financial situation
 Step-2: Develop Financial goals
 Step-3:Identifying alternative course of action
 Step-4:Evaluate Alternatives
 Step-5 Create and implement a financial action plan
 Step-6 Reevaluate and Revise your plan

11. Need of Financial Planning
 Career Planning,
 Retirement Planning,
 Child Future Education,
 Tax Savings,
 Acquiring a new luxuries car and house,
 Protection against uncertainties like accident,
 ETC.

12. Investment avenues
 Life Insurance,
 Others Insurances Schemes like:- Motor Insurance etc,
 Mutual Funds,
 Certificate of Deposits,
 Public Provident Fund,
 Real estate Investment,
 Gold,
 SIP= Systematic Investment Plan,
 NSC=National Savings Certificate,
 Equity Market,
 Investment in Different banking schemes,
 Investment through post office,
 ETC

13. Need Analysis in Life Stages
 Stage: 1 High School Stage 13-17 years
 Stage: 2 Young Adult Stages 18-24 years
 Stage: 3 Adult With or Without Children ages 25-34 years
 Stage: 4 Working Parent or Adult Ages 35-44 years
 Stage: 5 Middle Stage 45-54 years
 Stage: 6 Pre- Retirement Stages 55-64 years
 Stage: 7 Retired stage Above 65

14. Factors affecting Financial Planning
 Life Style
 Appetite of risk
 Scarcity of financial knowledge
 Socio-economic factors
 Interest
 Attitude of an individuals
 Number of respondents
IMPACT OF COVID-19 ON FINANCIAL PLANNING.

15. Problem Statement
This study is designed to help Welspun India limited. As there is lot of
misconceptions among an employee’s regarding financial planning.
Welspun India limited usually conducts the seminars for their
employees to keep aware about financial planning. Through this study,
they will know their employees view towards financial planning and
misconceptions about financial planning. So, this study will help them
conduct seminars on their employees view and solve their
misconceptions.

16. Objectives of Study
 To know the perception of an employee’s towards financial planning.
 To identify the significance difference between the perceptions of an
employee towards financial planning based on some demographic
characters.
HYPOTHESIS:-
Ho:-There is no difference in the opinion of different demographic factors.
H1:- There is difference in the opinion of different demographic factors.

17. Research Methodology
Research Type Descriptive Research
Source of data Primary data as well as secondary data
Survey Method Questionnaire
Types of questions Closed Ended Questions ( Likert Scales)
Target Populations Employees of Welspun India Ltd.
Sample Size 75
Sampling Method Convenience Sampling
Sample Design Data has been presented with the help of bar graph
Statistical tool Chi- Square test
Software Excel 2007

18. Scope of the Study
The Study was conducted in Welspun India Limited to analyze and
understood about the overall perception of an employee towards
financial planning and it was based on the survey method. The main
aim of study was to find out the significance difference between the
perceptions of an employee’s towards financial planning based on some
demographical factors.

19. Limitations of the Study
 The time was limited for the completion of research.
 The Survey was restricted to the employees of Welspun India limited.
 The numbers of respondents were also limited i. e. 75 only.
 The survey is subjected to the bias and prejudice of the respondents.
Hence, 100% accuracy cannot be assured.
 The lack of knowledge of an employee about the financial planning can
be the major limitation.

20. Data Analysis and Interpretation
A) Gender: Male Female
Male 56
Female 19
Total 75
0
10
20
30
40
50
60
Male Female
count
Gender

21. B)Age:- a) 20-29 years b)30-39 years c)40-49 years d)Above 50 years
20-29 years 20
30-39years 26
40-49 years 19
Above 50 years 10
Total 75
0
5
10
15
20
25
30
20-29 years 30-39 years 40-49 years 50 years above
count
Age

22. C)Qualification:-A) Under graduate B) Graduate C)Post Graduate D) Professional Courses
Under Graduate 5
Graduate 42
Post graduate 20
Professional Courses 8
Total 75
0
5
10
15
20
25
30
35
40
45
Under Gratuate Gratuate Post Gratuate Professional courses
Count
Qualification

23. D) Income:- A) 3-4 lacs B) 4-5 lacs C) 5-6 lacs D) Above 6 Lacs
3-4 lacs 29
4-5 lacs 13
5-6 lacs 16
Above 6 lacs 17
Total 75
0
5
10
15
20
25
30
35
3-4 lacs 4-5 lacs 5-6 lacs Above 6 lacs
Count
Income

24. Q1) In your opinion, is financial planning is complex to understand?
A) Agree B) Highly Agree C) Neutral D) Disagree E) Highly Disagree
Agree 13
Highly Agree 3
Neutral 33
Disagree 24
Highly Disagree 2
Total 75
0
5
10
15
20
25
30
35
Agree Highly Agree neutral Disagree Highly
Disagree
Count

25. Q2) Are you benefitted from doing financial planning?
A) Agree B) Highly Agree C) Neutral D) Disagree E) Highly Disagree
Agree 51
Highly Agree 10
Neutral 14
Disagree 0
Highly Disagree 0
Total 75
0
10
20
30
40
50
60
Agree Highly Agree Neutral
Count

26. Q3) Do you think that financial planning is the best practices adopted by an individual’s?
A) Agree B) Highly Agree C) Neutral D) Disagree E) Highly Disagree
Agree 51
Highly Agree 10
Neutral 14
Highly Disagree 0
Disagree 0
Total 75
0
10
20
30
40
50
60
Agree Highly Agree Neutral
Count

27. Q4) Do you feel financial planning has reduced burden of an individuals in the
following cases?
Questions Agree Highly
agree
Neutral Disagree Highly
Disagree
Total
a)In case of
contingency
45 9 21 0 0 75
b) Tax savings 50 23 2 0 0 75
c)Child future 37 38 0 0 0 75
d)Acquiring new car
and house
35 11 28 1 0 75
e)Career planning 34 37 3 1 0 75
f)At the time of
retirement
30 43 2 0 0 75

28. a) In case of contingency b) in case of Tax savings c) in case of child future
d) Acquiring new car and house e)In case of career planning f)At the time of retirement
0
10
20
30
40
50
Agree Highly
Agree
Disagree
Frequency
0
10
20
30
40
50
60
Agree highly
Agree
Neutral
Frequency
36.4
36.6
36.8
37
37.2
37.4
37.6
37.8
38
38.2
Agree Highly Agree
Frequency
0
5
10
15
20
25
30
35
40
Agree highly
Agree
Neutral Disagree
Frequency
0
5
10
15
20
25
30
35
40
frequency
0
10
20
30
40
50
Agree Highly Agree Neutral
Frequency

29. Q5) What percentage of your monthly salary do you save?
A) less than 10% B) From 10-30% C) From 30-50 % D) Above 50%
Less than 10% 32
From 10-30% 38
From 30-50% 4
Above50% 1
Total 75
0
5
10
15
20
25
30
35
40
less than 10% From10%-30% From 30%-50% Above 50%
Count

30. Q6) The financial planning which is done by you in the past is helpful during covid-19 pandemic?
A) Agree B) Highly Agree C) Neutral D) Disagree E) Highly Disagree
Agree 44
Highly Agree 9
Disagree 1
Neutral 21
Highly Disagree 0
Total 75
0
5
10
15
20
25
30
35
40
45
50
Agree Highly Agree Disagree Neutral
Count

31. Q7) Are you considering the factors which are going to affect your financial planning, like
economic factors, social factors, life style etc? A) Yes B) No C) Neutral
Yes 51
No 4
Neutral 20
Total 75
0
10
20
30
40
50
60
Yes No Neutral
Count

32. Q8) Which factor do you consider most before investing in any investment avenues?
A) Safety of principal B)Low Risk C)Higher Return D) Maturity Period
Safety of principal 30
Low risk 22
Higher return 20
Maturity Period 3
Total 75
0
5
10
15
20
25
30
35
Safety of principal Low Risk higher Return Maturity Period
frequency

33. Q9) At what age you started doing your financial planning?
A) 15-20 years B) 20-25 years C) 25-30 years D) 30 -35 Years E) Above 35 years
15-20 years 8
20-25 years 40
25-30 years 12
30-35 years 15
Above 35 years 0
Total 75
0
5
10
15
20
25
30
35
40
45
15-20 years 20-25 years 25-30 years 30-35 years
Frerquency

34. Q10) Are your company is providing knowledge related to financial planning?
A) Yes B) No C) Neutral
Yes 11
No 36
Neutral 28
Total 75
0
5
10
15
20
25
30
35
40
yes No Neutral
Frequency

35. Q11) Are you satisfied by doing financial planning?
A) Satisfied B) Highly Satisfied C)Neutral D) Unsatisfied E) Highly Unsatisfied
Satisfied 48
Highly Satisfied 9
Neutral 18
Unsatisfied 0
Highly Unsatisfied 0
Total 75
0
10
20
30
40
50
60
Satisfied Highly Satisfied Neutral
frequency

36. Q12) What is your main purpose of doing financial planning?You can choose more than
one option.
A) Protection B) Savings C) Child Future D) Investments
Protection 46
Savings 58
Child Future 38
Investments 32
0
10
20
30
40
50
60
70
Protection Savings Child Future Investments
Frequency

37. Q13) Have you made investment in the following different avenues available?
You can choose more than one option.
A)Life Insurance B) Fixed Deposits C) mutual Funds D) Equity Market E) Gold
F)PPF G) Post Office Deposit
Life Insurance 66
Fixed Deposits 57
Mutual Funds 15
Equity market 10
Gold 19
PPF 47
Post office deposit 23
0
10
20
30
40
50
60
70
Frequency

38. Q14) How you are doing your financial planning?
A)By himself and herself B) With the help of advisors or agents
By Himself/ Herself 58
With the help of advisors/agents 17
Total 75
0
10
20
30
40
50
60
70
By himself and herself With the help of Agents
frequency

39. Q15) Are you Satisfied with your previous investments in terms of returns?
A) Yes B) No C) Neutral
Yes 43
No 1
Neutral 31
Total 75
0
5
10
15
20
25
30
35
40
45
50
Yes No neutral
frequency

40. Hypothesis Testing
The accepted H1 are:
 There is difference of opinion of different age people regarding satisfaction
level from financial planning.
 There is difference of opinion of different qualified people regarding
financial planning complexity.
 There is difference of opinion of different qualified people regarding
benefits received from financial planning.
 There is difference of opinion of different qualified people regarding
satisfaction level from financial planning.
 There is difference of opinion of different income group people regarding
financial planning helpful during covid-19.

41. Findings
 About 44% respondents are neutral about financial planning complexities. They said that sometimes it is easy but sometimes it
is difficult.
 About 68% respondents are agreed that they are getting benefitted from doing financial planning.
 About 73.34% respondents agreed that financial planning is the best practices which are adopted by an individual.
 About 60% respondents agreed that financial planning has reduced the burden of an employee in case of contingency.
 About 66.67% respondents agreed that financial planning has reduced the burden of an employee in case of tax savings.
 About 100% respondents are agreed and highly agreed that financial planning has reduced the burden of an employees in case
of child future.
 About 46.67% respondents are agreed that financial planning has reduced the burden of an employee in case of acquiring new
car and house.
 About 94.66% respondents agreed and highly agreed that financial planning has reduced burden of an employees in case of
career planning.
 About 50% people save their money from 10%-30%.
 About 58.67% respondents agreed that financial planning is helpful during covid-19 pandemic.
 About 68% respondents consider the factors which are going to affect the financial planning.
 About 53.33% respondents started their financial planning at the age 20-25 years.
 About 48% respondents said that company is not providing any knowledge related to financial planning.
 About 64% respondents are satisfied by doing financial planning.
 About 77.33% respondents are doing their financial planning by him and her.
 About 57.33% respondents are satisfied in terms of returns received from the investments.

42. Contd………..
 Through test it is found out that in most cases, there Is no relationship
between demographic factors and Financial planning of an individual’s
except in 5 hypothesis:
 There is difference of opinion of different age people regarding
satisfaction level from financial planning.
 There is difference of opinion of different qualified people regarding
financial planning complexity.
 There is difference of opinion of different qualified people regarding
benefits received from financial planning.
 There is difference of opinion of different qualified people regarding
satisfaction level from financial planning.
 There is difference of opinion of different income group people
regarding financial planning helpful during covid-19.

43. Suggestions
 Welspun India Limited should find out the reason that why there is differences of
opinion of different age people related to satisfaction level from financial planning.
 Welspun India limited should also organize the training program on financial
planning so that the employees of the organization are well aware about financial
planning and different investments avenues.
 Welspun India Limited should find out the reason that why there is differences of
opinion of different qualified people regarding financial planning complexity.
 Welspun India limited also find out that why there is difference of opinion of
different qualified people regarding satisfaction level from financial planning.
 Welspun India Limited should find out the reason that why there is differences of
opinion of different qualified people regarding benefits received from financial
planning.
 The company should also find out the reason behind differences of opinion
between different income group people regarding Financial planning helpful
during covid-19

44. Conclusion
This Study proves that still most of the people are not sure about financial planning is
complex or not. They still don’t have proper knowledge about financial planning,
different financial instruments and factors which is going to affect financial planning.
This study also proves that most of the people are not sure about the financial planning
is done by him /her is useful during covid-19 or not. In most of the cases there is no
difference of opinion of people on basis of demographic factors i. e. gender, age,
qualification and income. The differences of opinion is only there related to satisfaction
level, benefits received, complexity and financial planning is useful during covid-19 or
not respectively with age, qualification and income.

45. Bibliography
 https://en.m.wikipedia.org
 https://www.Zaubacorp.com
 https://m.Indiamart.com
 https://in.mobile.reuters.com
 www.welspun.com
 www.researchgate.net
 https://scholar.google.com
 Welspun India annual report 2015
 Welspun India annual report 2019

46. THANK YOU!