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DRIVING with YOU -Since 1961 Editorial INTERACTIONVOL LXVII, JULY 2018 DRIVING WITH YOU -Since 1961 editorial Managing Editor Garima Gupta content Feature Editor Chethan R. Kumar 3 Message from Designer Divya Thakur the CEO Message from CORRESPONDENTS 4-10 Company Highlights ANAND Automotive Mohit Kaushik the CEO ANAND CY Myutec Automotive Shuvadeep Samanta 11 Technology Day ANAND I-Power Col. Braham Singh 12-13 Awards & ANAND U Recognition Kapil Thakur Dear Team ANAND and friends, ANAND and other senior dignitaries. Prof. Shiba is a globally recognised expert and Ansysco ANAND/Anchemco ANAND guru on Breakthrough Management who introduced Visionary Leaders for Manufacturing Neha Khatri Welcome to the second issue of ANAND Interaction for 2018. We are half way through the Programme (VLFM) and Visionary Small and Medium Enterprise (VSME) programmes to year and already ANAND has experienced a flurry of activities and important events. the Indian manufacturing industry and the ANAND Group. He has been a guiding force of manufacturing transformation within the Indian industry and ANAND and we are very CY Myutec ANAND India 14-27 Cover Story The last time I interacted with you around five months back, we had just come out of a grateful to him for his immense contribution. K. Latha tumultuous 2017 for the Indian economy, with the first two quarters recovering from the after effects of demonetisation and the last two affected by GST implementation, one of ANAND Companies continue to win prestigious Awards and Recognitions from Faurecia Clean Mobility the biggest tax reforms in India. As I had foreseen, 2018 so far is turning out to be a good Customers, Industry bodies and Global Institutions. ANAND CY Myutec (ACYM) and Deivam Kumaravel year for the Indian economy, with good monsoons having set in and growth coming back Henkel ANAND India were conferred with the prestigious “Overall Excellence” award by 28-30 Auto Expo 2018 strongly. GDP growth for January to March quarter of 2018 was an impressive 7.7% and Maruti Suzuki India. Gabriel India was felicitated with “Sustainability Award” by Mahindra the momentum continues with April to June quarter as well. International Monetary Fund Rise. MAHLE Filter Systems (India) was recognised by Honda Motor India with the Federal-Mogul ANAND Bearings India expects India to be one of the fastest growing major economies in 2018, with expected Gold Award in Spare Parts for Excellence in Quality, Cost & Delivery. ACYM and Spicer Pankaj Manish growth rate of 7.4%. India won the Golden Peacock Awards for HR Excellence and Excellence in Business respectively. SUJÁN, Jawai was recognised for its valuable contribution to Conservation Federal-Mogul ANAND Sealings India FY2017-18 ( April '17 to March ' 18 ) turned out to be a major success for the Indian of Wildlife by Zeiss. Manjunath Karikatti 31 ANAND U automotive industry, with above 9% average growth. India overtook Germany as the fourth largest global automotive market, behind China, USA and Japan. For ANAND it was the 4th ANAND Group participated in the prestigious automotive component show ‘Auto Expo’ consecutive year of growth ahead of market and ahead of budget. Group sales grew 12% 2018 at Pragati Maidan, New Delhi. Mr. Sunil Kakkar, Executive Vice President, Supply Gabriel India to Rs. 9400 Crores with highest ever ROS, EBITDA and RONA margins and lowest ever Chain, Maruti Suzuki inaugurated the stall. “Future Ready” was the theme and all the Unmesh Rajhans Debt to Equity ratio. Group companies exhibited new technology products with clear focus on BS-VI, Safety, Shalini Gupta Light Weighting Fuel Efficiency and Electric and Hybrid vehicle technologies. ANAND 32-33 Visitors ANAND continues to grow and explore new opportunities on the back of a strong new stall witnessed a good inflow of customers, with senior dignitaries from Mahindra, Tata business pipeline with OE customers, renewed focus on Aftermarket and continued Motors, Maruti Suzuki, Ashok Leyland and other OEMs visiting the stall and spending Haldex India exploration of new export opportunities. Additional opportunities for inorganic growth are considerable amount of time. Deepak Chaudhari being explored through the Automotive and Hospitality Growth Councils and by Gabriel India's Board sub- committee for Strategy and Growth. I am confident that ANAND will not Continuing the customer connect, ANAND Group conducted Technology Days at Tata Henkel ANAND India only be able to achieve but exceed its budget targets of Sales, Profits and Returns in the Motors in two different locations – Pune and Jamshedpur. The ANAND Technology Day Vivek Tyagi current year as well. at Tata Pune provided a good platform for all Group companies to exhibit their product portfolio. The Technology day saw a good participation from Tata senior leadership and 34 SUJÁN and SNS Foundation As we all are aware, ANAND has successfully developed, sustained and grown its JV executives. Senior management from ANAND got an opportunity to interact closely MAHLE Behr India partnership model of doing business in India. An important ingredient for the success with key decision makers from Tata Motors to showcase to them about new technology Shivangi Pathak of this model is the management services and support that ANAND provides to its JVs offerings relevant for Tata. The Technology Day at Jamshedpur saw a good inflow of which helps in their efficient functioning. This support is provided by ANAND companies Tata managers and engineers generating a lot of interest. Gabriel India also conducted MAHLE Filter Systems (India) ANAND Automotive and Asia Investments, ANAND's holding company in areas like Human a Technology show at Isuzu, Thailand for which it is a supplier and received positive Resources, Training and Education, Business Development, Excellence in Manufacturing feedback. The scope for customer connect and the opportunity to showcase our offerings Kritika Nigam 35 SUJÁN and various other areas highlighted in the Cover Story for this edition. Stakeholder provides us an incentive to pursue more such technology days in the coming months and testimonials demonstrate the value our partners and our company managements derive years. Mando Automotive India out of these services. We encourage our JV companies and partners to experience the R. Surendar existing offerings, offer them customised solutions, while we continue to further enhance our ANAND companies have been following the structured technique of Large Scale offerings. Interactive Process (LSIP), to finalise Key Result Areas of managers and bring alignment with common organisational objectives. The LSIP is conducted at the beginning of every SNS Foundation Keeping our tradition of bringing in the best of the world to India, Anchemco ANAND LLP year and this year saw ANAND Automotive and several other Group companies including Damayanti Bhowmik entered into a Technology License Agreement with Bluetech Holdings Limited, Hong Kong SUJÁN successfully conduct LSIPs. for the exclusive rights to manufacture, sell and distribute/transfer the licensed product, Spicer India AdBlue® to the Indian Original Equipment Manufacturers, for OE spares and for the This edition also has an Interesting representation about the digital world of SUJÁN and Suchita Kadam Aftermarket. With this additional product line, Anchemco ANAND will further strengthen the the various social media platforms that SUJÁN is active on and making a mark in. Also range of its product offerings to its customers. covered in this edition is a snapshot of community conservation activities for SUJÁN done by SNS Foundation, ANAND Group’s Corporate Social Responsibility (CSR) wing. SUJÁN Luxury Hospitality Global restructuring of our erstwhile partner Takata, Japan has been completed with Yusuf Ansari Key Safety Systems, USA, a subsidiary of Ningbo Joyson Group of China acquiring its Finally, A word of caution to my colleagues. While the market in India continues to be operations. Post this acquisition, Takata and Key Safety Systems merged entity has been strong, in recent months we have been seeing some head- winds in terms of increase in Takata India rechristened Joyson Safety Systems Inc. with headquarters in the USA, making it the 2nd commodity prices like steel, oil and oil based materials, turning interest rate cycle, supply largest Safety Systems player globally. Ningbo Joyson group, China is now the new partner side constraints and increasing concerns about the outcome of Indian Parliamentary R. Girirajan of ANAND in its Safety Systems JV in India. ANAND team led by our chairperson Mrs. elections in 2019 which could somewhat start dampening, in the coming half year, the Anjali Singh visited China recently and met Ningbo Joyson Group Chairman Mr. Jeff Wang. spirits and optimism we see currently. We all need to be well prepared for any signs Valeo Friction Materials India ANAND looks forward to a very fruitful association with our new partner which in future of slackening of demand and take countermeasures so that we continue our record of Sathiyaseelan Jaganathan could extend to several new products and technologies. preserving our bottom line and margin targets even if the Top line starts getting affected. In the meanwhile let's make the most of the current buoyancy in demand by being faster ANAND signed revised JV agreements with its long standing partner MAHLE, Germany and more agile than our competition in serving our customers and thus gaining their Valeo Service India Auto Parts in February'18 covering both its existing JVs for Filteration as well as HVAC and Engine confidence, goodwill and market share. My and our Group corporate team's full support Suma Chendrashekhar Cooling. These revisions are for strengthening further our existing close bond, enhancing is with you. support from both partners to ensure continuous profitable growth and success of our JVs PRODUCED BY which are being rechristened MAHLE ANAND Filter Systems and MAHLE ANAND Thermal My very best wishes to you and your families. Corporate Communications Team Systems. Warm Regards, ANAND team led by Chairperson Mrs. Anjali Singh also had a visit to its strong and prominent partner Mando, Korea and met Halla Group and Mando Chairman, Mr.
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