Quality Leaders - Learning from the Deming Prize Winners in India

Total Page:16

File Type:pdf, Size:1020Kb

Quality Leaders - Learning from the Deming Prize Winners in India International Journal for Quality Research 8(3) 431-446 ISSN 1800-6450 Jagadeesh Rajashekharaiah1 QUALITY LEADERS - LEARNING FROM THE DEMING PRIZE WINNERS IN INDIA Article info: Abstract: Different governments and professional agencies Received 10.06.2014 have set up a number of awards to recognize and reward Accepted 11.09.2014 quality initiatives. Deming Prize is one such award and ever UDC – 332.05 since it was open for companies from outside Japan, maximum number of winning companies are from India, with 20 companies winning the Deming Prize and four among them also winning the Deming Grand Prize. This paper traces the path taken by these companies to know how these companies embarked a journey of Total Quality Management (TQM) and reached their goal of winning the prestigious Deming Prize. The common working principles of these companies and the various tools and techniques used by them are described in a concise manner in this paper. Further, the paper highlights the lessons from these companies to inspire others. The data taken from the respective websites of the companies has been used to list out the objectives, methodologies, and the benefits accrued by the companies. Keywords: Quality, Award, Deming, TQM, Training, Learning 1. Introduction1 for an internal application. The awards‟ criteria enable to judge or benchmark a Quality of products and services offered by a company‟s initiative in improving quality as company decides the fate of the company as the quality awards‟ criteria provide a the buying decision of the customers wonderful framework to learn and depends only on the quality of the output implement the plans. In this paper, the delivered from the company. This has been Deming Prize winners in India are studied to very well realized and world over the see the similarities and differences across the companies are trying to follow or adopt tools quality policies so that the prospective and techniques to improve the quality of winners in particular and other companies in their outputs. While doing so the companies general can sharpen their quality practices. also focus on improving the visibility of their The case study is more of a learning brand and seeking better recognition. This experience than for any critical evaluation. prompts the companies to go for winning the Further, these companies differ among quality awards, which would ultimately themselves in terms of market capitalization, project the company as a leader in quality. investment patterns, type of management, The companies also use the quality awards and several parameters along the typical management functions like finance, marketing, human resource management, 1 Corresponding author: Jagadeesh Rajashekharaiah and operations. Hence, it is not the intention email: [email protected] here to generalize any methodology or 431 J. Rajashekharaiah policy as a common prescription to any applying for the awards has increased. This company. Instead, the attempt is to naturally has drawn the attention of different understand and appreciate the efforts put in stakeholders towards quality awards. Quite by these companies in winning the coveted often, the efforts put in and the resources award and to check about the sustainability consumed are debated against the benefits of such practices. Given the changes that can and advantages of winning the awards both happen in the corporate world from time to in the short and long terms. However, the time, particularly when the markets are learning from these awards is always helpful down, it may be a presumption to expect and beneficial to the entire organization. In these companies to adhere to these practices this paper, specifically the Deming Prize forever. The paper also checks whether the winners in India are taken up for a detailed practices that helped the company to win a study. prestigious award can also help them in Quality awards won by a company provide sustaining through hard competition and an indication of a company‟s efforts and demanding markets. The paper relies on the commitment in striving for quality. Further, published information on the company such awards help to raise the status of a websites, blogs, and printed resources as company in the eyes of the stakeholders and well. Considering the difficulty in meeting the stock market also responds to the the people for direct or indirect interview, company‟s product or service in a favorable the data from various sources is used to draw manner. As offshoot benefits, the company the conclusion from this study. will also be able to attract better quality suppliers, distributors, transporters, and 2. Quality awards – an overview retailers, and finally expand its customer base. This indeed enables the company to Quality awards have become quite popular stay profitable and maintain its operations in the recent times and have become amidst the competition among the industries. corporate status symbols. Worldwide, there In the last two decades, it has been raining is an increase in the number of awards as quality awards in the corporate world of well the categories based on sectors, fields India, in terms of both international and and disciplines. Quality Awards are also national quality awards won by the known to have acted as catalysts for companies. This trend has resulted in an spreading and promoting TQM across increase in the number of companies various countries, (Abusa, 2011). Winning a participating in the quality awards‟ programs quality award is both a matter of prestige and and consequently, more number of awards a testimony to a company‟s ability to have been instituted by professional agencies maintain the quality of their products and and the Government. services. Obviously, organizations are The quality awards instituted across the spending more time, efforts, and money in world continue to rise every year considering preparing to win the quality awards and the fact that both government and private hoping to hog the limelight. Though there is sectors have set up different awards. The a proliferation in the number and category of number of award aspirants too has gone up awards, only a few awards have retained with more and more companies participating their sheen and have become a stamp of in the award process. From inception in 1988 credibility and universal recognition and one to 2013 award cycle, the Malcolm Baldrige such example is the Deming prize. Hence, it National Quality Award of USA received may be necessary to benchmark the awards 1,601 applications from the program's against the best in class. While the debate inception and 101 Baldrige Awards have continues on the real benefits of the awards, been presented in different categories, with the number of companies showing interest in six repeat winners, (Nist.gov, 2014). 432 J. Rajashekharaiah Similarly, other countries too have witnessed http://www.juse.or.jp/e/. a surge in the number of applications for the The Deming Prize is one of the highest awards. Every year „Quality Progress‟ awards in the field of quality management in published by American Society for Quality, the world. It was set up in 1951 in USA, provides a comprehensive “Annual commemoration of the late Dr. William Quality Award Listing” usually in the month Edwards Deming, a pioneer in the field of of August. The USA National Awards and quality management from the USA, who the awards set up in the other countries, are contributed greatly to Japanese industries‟ both listed along with a brief profile. A applications of statistical quality control after complete listing maintained by the American the World War II, Society for Quality is available at (www.juse.or.jp/e/deming). Dr. Deming‟s www.asq.org. Most of the quality awards are teachings enabled the Japanese companies to open to both individuals and organizations, improve their product quality by applying and some are limited to only organizations. statistical techniques and by proper quality At the international level, some of the well- policies. However, it would be wrong to say recognized and most reputed quality awards that the Deming Prize is only an award to are: recognize the application of statistical Malcolm Baldrige National Quality techniques in improving the quality, the Award from USA Deming Prize indicates the ability of an Deming prize from Japan organization to demonstrate the application European Foundation Quality of TQM concepts effectively in an Award from the European Union organization apart from high output quality, (Radhika, 2002). Based on similar guidelines several quality awards have been set up in India and The Deming Prize takes its pride by the fact prominent among them are: any organization has to demonstrate the Rajiv Gandhi National Quality efforts put in place for the company-wide Award set up by CII (Confederation quality control using statistical techniques. of Indian Industries) and Exim According to an expert, the company should Bank of India first go for ISO standards along with Golden Peacock Award set up by industry specific standards, embrace the the Institute of Directors TQM philosophy in letter and spirit and Ramakrishna Bajaj National finally should aim for the prize, (Peach Quality Award set up by IMC 1990). It is further stated that going beyond (Indian Merchants Chamber) the prize takes the organizations towards the world class companies. Another observation 2.1 Literature review while winning the quality award is how the overall process of planning and preparing for Historically, quality awards were set up to the award enables a company to do “soul encourage those who maintained quality in searching‟ and hence exposes the company‟s their products and ensured customers‟ strengths and weaknesses, (Junkins, 1994). satisfaction. The awards also used to The trend analysis of national quality awards motivate others to emulate those doing well (Chuan and Soon, 2000) in which 17 so that the overall quality goes up.
Recommended publications
  • Rane (Madras) Ltd
    Stock Review of Techno Funda Research Product – Portfolio Track ‐ Buy September 29, 2010 Portfolio Track Information Data BSE Code Grade FV (Rs.) CMP 52Weeks H/L Rane (Madras) Ltd. 532661 D 10 Rs.148 Rs. 169/49 ¾ Rane Madras (RML), the flagship company of the Rane Group, is a leading manufacturer of automotive components like STOCK DATA steering linkages, ball joints, suspension joints and manual steering gears. The company operates under two main Target Price Rs.225 business segments viz. steering & suspension linkage products and manual steering gear products. ¾ RML has 5 manufacturing facilities across Chennai (2 plants used for Light Commercial vehicle, Heavy Commercial vehicle Reuters Code RAMD.BO and Utility vehicles segments), Mysore (used for tractor and Commercial vehicle segment), Puducherry (used for Bloomberg Code RML IN passenger car segment), Varanavasi (used for exports market) and Uttarakhand (used to specifically cater customers in NSE Symbol RML North India). Currently all its plants are operating at almost 90% capacity utilization. It is further expanding its capacities Mkt.Cap. Rs. 1513.8 mn (16‐18% new addition), which will be completed by year end. Div. Yield (%) 4.6 ¾ RML’s key customers in the domestic market include Hero Honda, Tata Motors, Ashok Leyland and M&M. RML is the preferred supplier of steering components for vehicles like Tata ACE and Tata Nano. Shares 101.6 mn ¾ As of FY10, Mechanical steering and suspension linkage products (MSSL) contribute 56% to its revenues and 44% is Outstanding(*) contributed by Steering gear products. In the MSSL segment, exports contributed 17%‐18% of revenues, replacement Avg.
    [Show full text]
  • Top Companies in Various Sectors in India
    TOP COMPANIES IN VARIOUS SECTORS IN INDIA AUTOMOBILES..................................................... AVIATION........................................................ CEMENT.......................................................... CHEMICALS....................................................... CONTRUCTION AND REAL ESTATE..................................... CONSUMER DURABLES............................................... EDUCATION AND TRAINING.......................................... ENGINEERING..................................................... FINANCE AND BANKING............................................. FMCG............................................................ IRON AND STEEL.................................................. IT.............................................................. ITES............................................................ MEDIA AND ADVERTISING........................................... OTHER INDUSTRIES................................................ PETROCHEMICALS.................................................. PHARMACUETICALS................................................. POWER........................................................... RETAIL.......................................................... TELECOM......................................................... TEXTILES........................................................ AUTOMOBILES TA Accel Frontline Ltd Amara Raja Batteries Ltd Amtek Auto Ltd Amtek India Ltd ANG Auto Ltd Apollo Tyres Limited Ashok Leyland Limited Atul Auto
    [Show full text]
  • A Special Series on Future of Mobility | Manufacturing | Talent | Market with with with with Dr
    PROPEL ISSUE 25 | APRIL 2021 2 th A Special Series on Future of Mobility | Manufacturing | Talent | Market with with with with Dr. V. Sumantran Vijay Kalra Anita Ramachandran Girish Wagh Celeris Technologies Mahindra & Mahindra Cerebrus Consultants Tata Motors APRIL 2021 | PROPEL 1 The World of Rane Rane Holdings Limited (RHL) Rane Brake Lining Limited (RBL) Rane Engine Valve Limited (REVL) Rane (Madras) Limited (RML) - Steering & Linkages Division (SLD) - Light Metal Casting India (LMCI) Please send in your feedback and queries to - Rane Auto Parts (RAP) [email protected] Copyright 2021 - Rane Light Metal Castings Inc (LMCA) Rane Holdings Limited All Rights Reserved Rane NSK Steering Systems Private Limited (RNSS) Content Partner Growth Mechanics Infomedia, which also Rane TRW Steering Sysstems Private Limited (RTSS) publishes The Smart CEO magazine -Occupant Safety Division (OSD) - Steering Gear Division (SGD) Rane Holdings America Inc. (RHAI) Rane Holdings Europe GmbH (RHEG) Rane t4u Private Limited 2 PROPEL | APRIL 2021 EDITOR’S NOTE INSIDE THIS EDITION Welcome to Rane Propel’s milestone 25th edition. We look back at the journey so far with a certain pride and also with a little apprehension. We have to continue to meet the expectations and deliver issues that are informative and maintain the standards set so far. We expect the journey forward to be exciting and challenging, and with your continued support, hope to deliver on our promise. In the current issue, we share a snapshot of how Propel was started and display the covers of the 24 issues and some views and reviews in our cover story. As we plan our future issues of Propel, we also bring you a Future of special series covering the changes happening in Mobility, Manufacturing, Talent and Market.
    [Show full text]
  • Annual-Report-2010.Pdf
    pricol limited better ideas for a better planet BOARD OF DIRECTORS Mr. Vijay Mohan, Chairman & Managing Director Mr. Suresh Jagannathan Mr. C.R. Swaminathan Mr. D. Sarath Chandran Mr. Mitsuhiko Masegi (From 30th October 2009) Mr. Yoshihiko Kato, Alternate Director to Mr. Mitsuhiko Masegi Mr. V. Ramakrishnan Mr. R. Vidhya Shankar Mr. M. Lakshminarayan Mr. Vikram Mohan Mr. G. Soundararajan (From 31st July 2009) Mr. K. Murali Mohan (From 31st July 2009) Mr. C.N. Srivatsan (Upto 1st July 2009) Mr. Mitsuharu Kato (Upto 30th October 2009) Mr. K. Udhaya Kumar, President & Chief Operating Officer Mrs. Vanitha Mohan, Executive Director COMPANY SECRETARY Mr. T.G. Thamizhanban AUDITORS M/s. Suri & Co., Chartered Accountants, Coimbatore BANKERS State Bank of India The Bank of Nova Scotia Andhra Bank Indian Bank IDBI Bank Limited Canara Bank ICICI Bank Limited Indian Overseas Bank REGISTERED OFFICE 702/7, Avanashi Road, Coimbatore - 641 037, India. Ph : +91 422 4336000 Fax : +91 422 4336299 E-mail : [email protected] FACTORIES PLANT I PLANT II 132, Ooty Main Road, Plot No.34 & 35, Sector 4, Perianaickenpalayam, IMT Manesar, Coimbatore - 641 020. Gurgaon - 122 050. CONTENTS PAGE PLANT III PLANT V 4/558, Chinnamathampalayam, Survey No.1065 & 1066, Directors’ Report & Bilichi Village, Pirangut, Taluk Mulshi, Management Analysis 2 Press Colony Post, Pune - 412 108. Coimbatore - 641 019. Report on Corporate Governance 9 Auditors’ Report 18 PLANT VI PLANT VII Balance Sheet 23 Plot No.11, Sector 10, Plot No.45, Sector 11, Integrated Industrial Estate, Integrated Industrial Estate, Profit & Loss Account 24 Pantnagar, SIDCUL, Pantnagar, SIDCUL, Schedules 25 Rudrapur - 263 153.
    [Show full text]
  • Inauguration of the State-Of-The-Art Airbag Plant, Rane TRW Chennai
    Inauguration of the state-of-the-art Airbag plant, Rane TRW Chennai CHENNAI, August 24th, 2015 – Rane TRW Steering Systems Private limited - Occupant Safety Division, a 50:50 joint venture between Rane group and ZF TRW, inaugurated its state-of-the-art Airbag manufacturing plant located adjacent to its Seatbelt plant in Singaperumal Koil, Chennai. The plant was formally inaugurated today by Mr. Nigel Harris, Managing Director and President, Ford India. The two facilities are located in the same campus, one dedicated to Seatbelts which is operational since 1997 and the other for Airbags which was launched today. Both the plants have around 450 employees and are located a few kilometers from the Ford plant. In India, Rane TRW’s Occupant Safety Division, which manufactures Seatbelts and Airbags, caters to key customers including, Ford India, Renault Nissan, Mahindra & Mahindra, Maruti Suzuki India, Tata Motors, Ashok Leyland, Daimler India Commercial Vehicles. The company exports nearly 15 percent of its Seatbelts volumes to Brazil, Colombia, Vietnam, Thailand and so on. Commenting on the inauguration, Mr. Harish Lakshman, Managing Director, Rane TRW, said, “With the Government of India promoting Occupant Safety/Road Safety to significantly reduce fatalities, we expect the auto Industry in the country to introduce passive safety technologies to meet these regulations. The commissioning of this new facility demonstrates the company’s commitment to support technology evolution in the passenger vehicles. We anticipate exponential growth in the application of frontal airbags over the next decade and Rane TRW will be well positioned to support both Global OEMs and Domestic OEMs located in India with their growth aspirations to bring in these technologies to their vehicles.” The Airbag plant, which covers an area of 1800 square meters, will assemble driver and passenger Airbag modules.
    [Show full text]
  • Rane (Madras) Limited
    SANSCO SERVICES - Annual Reports Library Services - www.sansco.net Rane (Madras) Limited 1st ANNUAL REPORT 2005 www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net Rane (Madras) Limited Board of Directors Registered Office L LAKSHMAN- Chairman "MAITHRI" LGANESH -Vice Chairman 132, Cathedral Road, Chennai-600 086. P S KUMAR Phone : 28112472 Fax:044-28112449 V NARAYANAN Email : [email protected] HARISH LAKSHMAN SHARAD SARIN Plants 1. "GANAPATHY BUILDINGS" Audit Committee 154, Velacherry Road V. NARAYANAN - Chairman Chennai - 600 042. P S KUMAR SHARAD SARIN 2. 79/84, Hootagally Industrial Area L LAKSHMAN Mysore - 570 018. Investors' Service Committee 3. 77, Thirubuvanai Main Road L LAKSHMAN - Chairman Thirubuvanai Village HARISH LAKSHMAN Pondicherry - 605 107. P S KUMAR . 4. No. 9A, IDC Mehrauli Road President Near Sector 14 S. PARTHASARATHY Gurgaon - 122 001. Vice President - Finance T S SANKAR Secretary PAGE K SRIVATSAN Report of the Directors Auditors Auditors' Report D RANGASWAMY & CO. Balance Sheet Chartered Accountants Chennai - 600 034 Profit and Loss Account Schedules to Balance Sheet Listing of shares applied with Madras Stock Exchange Ltd., Chennai, Schedules to Profit and Loss Account The Stock Exchange, Mumbai Quantitative and Other Information National Stock Exchange of India Ltd., Mumbai. Accounting Policies and Notes Bankers Cash Flow Statement Canara Bank, Chennai - 600 002. Balance Sheet Abstract and Company's General Business Profile 29 Financial Highlights 31 www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net Rane (Madras) Limited REPORT OF THE DIRECTORS Your Directors have pleasure in presenting their First in the previous year. Exports have grown nearly annual report together with the accounts for the period three fold during this period and would be the from March 31, 2004 to March 31, 2005.
    [Show full text]
  • Rane (Madras) Limited
    Registerecl ()ffice: iel : 91 44 2811 2412 " Maithri " URL : www.ranegroup.com 132, Cathedral Roact, Chennai 600 086. lndia. CIN : L65993TN2004PLC052856 Rane (Madras) Limited // Online submission // RML / SE / 39 t2020-21 November 06,2020 BSE Limited National Stock Exchange of India Ltd. Listing Centre NEAPS Scrip Code: 532661 Symbol: RML Dear Sir / Madam, Sub: Earnings Conference Call - Updates Ref: our earl¡er letter RML / SE/ 38 12020-21 dated November 05,2020 We refer to the captioned letter issued by the Company to the stock exchanges in connection with the 'Earnings Conference Call' scheduled to be held on Thursday, November 12,2020 at 15:00 hours (lST), inter alia, to discuss the Unaudited financial results for the quarter ended Septembet 30,2020. Please be informed thatthe investorcall is rescheduled to 11:00 AM to 12:00 Noon (lST). There is no change in any other detail. The revised invite is enclosed along with this letter. Kindly take this disclosure on record as compliance under relevant provisions of SEBI (LODR) Regulations 2015 Thanking you. Yours faithfully, For Rane (Madras) Limited S Subha Shree Secretary Encl: a/a Rane Group of Companies Q2 FY21 Earnings Call Invite The Management of Rane Group will host its Earnings Conference Call on Thursday, November 12th, 2020 at 11:00 hrs, IST after the announcement of results by Rane Group of Companies viz., Rane (Madras) Limited, Rane Brake Lining Limited, Rane Engine Valve Limited and Rane Holdings Limited. The details of the earnings call are: Date: November 12th, 2020 Time Slot (IST): 11:00-12:00hrs Dial-in Number: +91 22 6280 1107 / +91 22 7115 8008 Other Dial in Numbers: Local Access: +91-7045671221 (Available all over India) International Toll Free: USA – 18667462133 | UK – 08081011573 | Singapore – 8001012045 | Hong Kong – 800964448 Pre-Registration Facility (Express Join with DiamondPassTM to avoid long queue and save time) Click here to pre-register for the call and dial in directly without waiting for the operator.
    [Show full text]
  • An Empirical Study of Continuous Improvement Practices Using BE/TQM Frameworks – Case Studies from Indian Industry
    AJOM Volume 2 Issue 1 2017 Amity Journal of Operations Management 2 (1), (28-50) ©2017 ADMAA An Empirical Study of Continuous Improvement Practices Using BE/TQM Frameworks – Case Studies from Indian Industry Rajagopalan Jayaraman S P Jain Institute of Management and Research, Mumbai, Maharashtra, India Abstract TQM came into India in the early 1980’s, followed by business excellence (BE) through the adoption of the Malcolm Baldrige Model (MBM) and the EFQM Model. Since then, many Indian corporates have embraced TQM/BE to continually improving their performance. The paper, using a qualitative research methodology, highlights the key practices adopted and the frameworks used to introduce and administer TQM/BE. Achievements and learnings in two Indian companies have been examined in detail. The cases are illustrative of the time taken to initiate BE/TQM, the many actions needed for successful implementation and the metrics that are used to measure the “success”. Keywords: BE, MBM, EFQM JEL Classification: M14 Paper Classification: Research Paper Introduction Based on Dr Deming’s series of lectures delivered to Japanese companies in 1950, the TQM movement was kicked off as a means to improve the quality of Japanese products (see Artemis et al, 1990 and Blankenship et al, 1999). Toyota took the lead and started its work on TPS, which developed into the now famous 4P lean management. (Liker, 1999; Womack and Jones, (1996). By the early 80’s TQM had taken firm roots in Japanese and other industries. In 1987, the US government introduced the MBM, as a holistic set of guidelines to run companies in an “excellent” way.
    [Show full text]
  • Issue 18 | July 2019
    PROPEL ISSUE 18 | JULY 2019 Rane Group crosses the Rs. 5000 crore revenue milestone in FY 2019. Capacity expansion in line with our Business Development Deep focus on customer success Relentless focus on TQM THE WORLD OF RANE PROPEL ISSUE 18 | JULY 2019 Rane Group crosses the Rs. 5000 crore revenue milestone in FY 2019. Capacity expansion in line with our Business Development Rane Holdings Limited (RHL) Deep focus on customer success Relentless focus on TQM Rane Brake Lining Limited (RBL) Rane Engine Valve Limited (REVL) Rane (Madras) Limited (RML) - Steering & Linkages Division (SLD) Please send in your feedback to - Diecasting Division (DCD) [email protected] - Rane Auto Parts (RAP) Copyright 2019 Rane - Rane Precision Die Casting Inc. (RPDC) Holdings Limited Rane NSK Steering Systems Private Limited (RNSS) All Rights Reserved Rane TRW Steering Systems Private Limited (RTSS) Content Partner: - Occupant Safety Division (OSD) The Smart CEO Media Labs, the content marketing and custom - Steering Gear Division (SGD) content arm of The Smart CEO Magazine. Rane Holdings America Inc. (RHAI) For queries: Please mail: Rane Holdings Europe Gmbh (RHEG) [email protected] Rane t4u Private Limited 2 • PROPEL | JULY 2019 EDITOR’S NOTE INSIDE THIS EDITION We’re excited to present to you We also created a few new the July 2019 edition of Rane sections for Rane Propel. In Propel. In our Cover Story this Functional Showcase, we speak PROPEL edition, we present to you a short about the work done by the Health ISSUE 18 | JULY 2019 write up on Rane Group crossing & Safety Steering Committee. For the Rs.
    [Show full text]
  • Details of Employee Remuneration As Required Under Provisions Of
    DETAILS OF EMPLOYEE REMUNERATION AS REQUIRED UNDER PROVISIONS OF SECTION 197 OF THE COMPANIES ACT, 2013 READ WITH RULE 5(2) & 5(3) OF COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014 FOR THE YEAR ENDED 31ST MARCH, 2015 DETAILS OF EMPLOYEE REMUNERATION AS REQUIRED UNDER PROVISIONS OF SECTION 197 OF THE COMPANIES ACT, 2013 READ WITH RULE 5(2) & 5(3) OF COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014 FOR THE YEAR ENDED 31ST MARCH, 2015 TITLE (MR/MS/DR etc.), NAME, DESIGNATION/NATURE OF DUTIES, SECTOR, QUALIFICATIONS, REMUNERATION (SUBJECT TO TAX) RS., AGE (YRS.), EXPERIENCE (YRS.), DATE OF COMMENCEMENT OF EMPLOYMENT, LAST EMPLOYMENT HELD (DESIGNATION/ORGANISATION) + DR. ABRAHAM M, SENIOR GENERAL MANAGER - ALTERNATIVE FUEL MR. BANERJEE B, DEPUTY GENERAL MANAGER - REGIONAL SALES, TECHNOLOGY, A.F.S., B.SC., M.TECH., PH.D., 6950004, 62, 37, A.F.S., B.E., 7550249, 37, 14, 25-Sep-06, EXECUTIVE, HONDA SIEL 25-Mar-01, SCIENTIST, INDIAN INSTITUTE OF PETROLEUM CARS INDIA LTD. MR. ADAM A, SENIOR GENERAL MANAGER - PD METHODS DR. BHARADWAJ A, SENIOR VICE PRESIDENT - ADVANCED TECHNOLOGY IMPROVEMENT, A.F.S., B.E., 8298629, 49, 27, 16-Feb-04, CONSULTANT, AFS, A.F.S., MS, M.B.A., PH.D., 15584692, 50, 27, 01-Oct-12, CHIEF LEAR CORPORATION EXECUTIVE OFFICER, AUTOMOTIVE INFOTRONICS LIMITED MR. ADHIKARI S, GENERAL MANAGER–MATERIALS TECHNOLOGY, A.F.S., MR. BHARUCHA N, CONTROLLER OF ACCOUNTS, C.C., B.COM., A.C.A., B.SC, M.TECH, 6376385, 55, 27, 15-Sep-92, EXECUTIVE, PERMASEAL 6804051, 47, 22, 02-May-94, STAFF, TATA UNYSIS LTD.
    [Show full text]
  • Poised for Growth Rane Holdings Limited | Annual Report 2009-10
    Poised for growth Rane Holdings Limited | Annual Report 2009-10 Rane Holdings Limited Forward-looking statement In this annual report, we have disclosed forward-looking We cannot guarantee that these forward-looking statements information to enable investors to comprehend our prospects will be realised, although we believe we have been prudent and take informed investment decisions. The report and in assumptions. The achievement of results is subject to risks, other statements, written and oral, that we periodically make uncertainties and the underlying assumptions undergoing contain forward-looking statements that set out anticipated change. Should known or unknown risks or uncertainties results based on the management’s plans and assumptions. materialise, or should underlying assumptions not We have tried, wherever possible, to identify such statements materialise, actual results could vary materially from those by using words like ‘anticipates’, ‘estimates’, ‘expects’, anticipated, estimated or projected. Readers should bear this When the global slowdown happened in ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar in mind. substance in connection with any discussion on future We undertake no obligation to publicly update any forward- 2008, most companies responded by performance. looking statements, whether as a result of new information, future events or otherwise. seeking growth from the outside. Rane Group looked within to sharpen its competencies instead. Training people. Refining processes. Strengthening efficiencies. Now that the global and Indian economies are both reviving, the principal message we want to send out to our stakeholders is simple. Contents Rane Group is poised Our Visiting Card 02 Milestones 04 Chairman’s Overview 06 Highlights, 2009-10 09 Products, Companies for growth.
    [Show full text]
  • Speaker's Details ISQ Conf
    Third Announcement Indian Society for Quality 10th Annual Conference December 20, 2013; 10.00 am to 5.30 pm Hotel Westin, Koregaon Park, Pune Theme : "Managing Business in Challenging Times" Conference overview : In the recent past, the world economy has produced unprecedented volatility and financial crisis, threatening to become even more unstable in the future. For organizational leaders operating in today's fast paced world, there's nothing more troubling than to sail through these challenging times. Managers too often try fixing the problem through balancing the budget which may give result in the short term but hampers long term growth. This conference is focused on shining the flashlight into the dark closet of modern day difficulties and encourages leaders to learn the time tested principles of navigating through difficult times from the people who have successfully overcome the challenges. In the conference , actual case studies will be presented by managers who have systematically improved business performance in spite of facing many challenges. CHIEF GUEST Mr. L. Lakshman Chairman, Rane Holdings Ltd. Mr. L. Lakshman is currently the Chairman of Rane Holdings Limited, the apex company of the Rs.29.9 billion (US $ 548 million) Rane Group, works with a number of overseas companies, TRW Inc. USA and NSK from Japan being the major partners. Mr Lakshman is a Mechanical Engineer from the PSG College of Technology, University of Madras and an alumnus of London Business School, UK. He steered the Rane Group during a very challenging and exciting phase in the automobile industry’s evolution and transformation in India.
    [Show full text]