ANAND Group's Response To
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INTERACTIONVOL LXXIV, NOVEMBER 2020 ANAND Group's Response to festive season saw strong demand which appears to be sustaining, post festive season, due to strong sentiment and liquidity from rural and semi urban markets and rise in preference for personal mobility in urban centres. Most segments have shown healthy growth in Editorial October and November months over the same period in 2019. Even M&HCV segment has started recovering fast with the economy and Table of Contents infrastructure sector recovering. Exports demand is also coming back as the markets in US, Europe and Asia are experiencing good recovery. This bodes well for ANAND as we are ramping up our operations in alignment with our customers’ demand and many of our companies have clocked record production numbers in October and November months. Managing Editor COMPANY HIGHLIGHTS Garima Gupta Our Chairperson, Ms. Anjali Singh, was once again nominated for ‘Business Woman of the Year - ETPrime Women Leadership Awards’. 4 Feature Editor She was nominated amongst various outstanding women achievers in Chethan R. Kumar India. Anjali is also actively associated with key Indian industry bodies CORRESPONDENTS like Automotive Component Manufacturers’ Association (ACMA), SNSF HIGHLIGHTS Confederation of Indian Industry (CII) and the Maruti Suzuki and Tata 10 ANAND CY Myutec Automotive Motors Supplier Councils, holding important positions in each of them. Vishal Tomar ANAND is proud of her active contribution in these Associations, helping the Industry navigate through these turbulent times. AWARDS ANAND I-Power Vijay Nikumbh It was a privilege for the ANAND Group to host the first ever 11 Message from the CEO e-Technology Day for its esteemed customer MAHINDRA and Anchemco ANAND / Ansysco ANAND MAHINDRA especially on their 75th anniversary. The event saw Neha Khatri participation from senior MAHINDRA dignitaries like Mr. Vinod Sahay, ANAND E-TECHNOLOGY Executive Vice President & Chief Purchase Officer, Mr. Lalit Verma, Sr. CY Myutec ANAND Dear Team ANAND and friends, DAY FOR MAHINDRA K. Latha Vice President- CDMM, Mr. Raghu Veeraraghavan, Head - Strategic 12 We are back with you through this year-end issue of INTERACTION. Sourcing, Heads of departments and other colleagues from CDMM & Faurecia Clean Mobility I hope that you and all your family members had a rather quiet but Strategic Sourcing at MAHINDRA. It was a very productive and fruitful Bharati Ingale event which saw the active participation from both MAHINDRA and enjoyable festive season and are safe and healthy, coping well with ANAND teams. Gabriel India the pandemic which has had a devastating impact throughout the Jayant Ubhedal world during virtually the entire 2020. While some parts of the world COVER STORY: ANAND GROUP'S Since hand hygiene is now of paramount importance, ANCHEMCO are slowly limping back to normalcy, others including the US, part of ANAND, India’s leading manufacturer and supplier of premium quality RESPONSE TO COVID-19 Haldex India Europe and Northern part of India are experiencing a second strong 14 car care products, introduced ANSANITIZER, which is an advanced Amol Wagh wave of new cases. The silver lining appears to be the success of the hand sanitiser with moisturiser, in June 2020. ANSANITIZER is an advanced stage testing of several of the vaccine candidates being Henkel ANAND India environmentally friendly product, which rapidly inactivates a wide developed and the prospect of approval for their mass usage starting Vivek Tyagi array of potentially harmful micro-organisms, thereby ensuring clean early 2021. LAUNCH OF ANSANITIZER, and sanitised hands. The product is now available to both institutional Joyson ANAND Abhishek and retail customers through multiple channels including prominent ADVANCED HAND SANITIZER Safety Systems The past nine months have been difficult as we battled the COVID-19 18 E-Commerce platforms like Amazon and Flipkart. Jassu Jain pandemic and the resultant lockdowns and other restrictions. At ANAND, the health and safety of our people has always been a top Despite the hospitality industry being severely affected due to MAHLE ANAND Filter Systems priority. ANAND Crisis Management Team (CMT) set up at the group COVID-19, it gives me immense pleasure to share that SUJÁN Ruchi Dhawan Sharma level as well as the CMTs across our companies instituted many continued to receive accolades from some of the most reputable GABRIEL EMBRACES stringent preventive measures and took necessary actions from time MAHLE ANAND Thermal Systems and prestigious publications of the global travel industry. The Travel to time as the situation demanded and have done a commendable TECHNOLOGY Mahima Ken & Leisure IBA 2020 awards nominated SUJÁN as India’s Best Hotel 20 job in managing these tough times. Post the lockdowns getting lifted, Group. SUJÁN was amongst the winners of Vanity Fair’s 2020 Travel all ANAND companies were able to successfully ramp up operations Mando Automotive India Awards, while Condé Nast Traveller UK recognised SUJÁN JAWAI Tamilarasi in alignment with customers’ demand. You can read more about as one of the 9 Best Family Hotels in the World 2020. In addition, Mr. it in the cover story of this issue. I Would like to thank each one of Jaisal Singh has been appointed as Patron of The Conscious Travel SNS Foundation Team ANAND for your rising admirably to the occasion and for your SUJÁN Foundation. Damayanti Bhowmik cooperation, commitment and dedication. In view of the pandemic still 22 raging strong in many parts of the country and the world, we need to Spicer India Being the final edition of 2020, I would like to take this opportunity to Suchita Kadam continue to be vigilant, using masks, maintaining social distancing and wish you all and your loved ones, Merry Christmas and a very ‘Happy keeping ourselves and our surroundings well sanitized and hygienic. New Year’. I do hope that we leave the stresses and disappointments of SUJÁN 2020 behind and that 2021 turns out to be a much safer, healthier and The good news on the business front however is that post the lifting Yusuf Ansari successful year for all of us. of lockdowns, the pace of the economy has been picking up. The Valeo Friction Materials India infrastructure sector with road building, construction and mining is Warm Regards, Arun Kumar Nayak rebounding. Demand for Steel, cement and non-ferrous metals is fast recovering. Growth has come back for Automotive sector, for Design: Divya Thakur Consumer Durables including White Goods, for FMCG sector and E-Commerce companies. Agriculture sector and rural demand is Production: Corporate Communications Team very buoyant. Hotels and hospitality industry and Airlines and Travel Deepak Chopra industry are still suffering though, which continues to affect our Group Chief Executive Officer Hospitality vertical SUJÁN. On the strength of this recovery in majority ANAND of sectors of the economy, the earlier estimate of 11 to 12 % GDP de- growth for India for FY 2020-21 has now improved to a de-growth of 9 % to 10%. FY 2021-22 appears much more promising with double digit GDP growth being projected, partly due to the lower FY 20-21 base effect. Talking about the Automotive Industry ; the mainstay for ANAND, there has been almost a V shaped recovery for almost all segments except Medium and Heavy Commercial vehicles (M&HCV) and Three wheelers for passenger transport. The recently concluded COMPANY HIGHLIGHTS LADAKH JAMMU in the Spotlight AND KASHMIR ANAND GROUP DONATED TO THE ANAND HIMACHAL ‘CHIEF MINISTER’S COVID-19 PRADESH PUNJAB RELIEF FUND’ CELEBRATING WOMEN LEADERS WHO UTTARAKHAND HARYANA ARE SCRIPTING THE FUTURE DELHI ETPrime ARUNACHAL PRADESH SIKKIM Mrs. Anjali Singh, Executive Chairperson, ANAND, was once again nominated for India’s most WOMEN prestigious ‘Business Woman of the Year – ETPrime Women Leadership Award’ for 2020. ETPrime RAJASTHAN ASSAM LEADERSH P UTTAR PRADESH Women Leadership awards celebrate the achievements of women trailblazers in the business world NAGALAND AWARDS 2020 MEGHALAYA and honour the virtues of entrepreneurship, innovation and excellence. These awards also seek to BIHAR MANIPUR inspire millions of women professionals to come forward and wield the baton of leadership. MIZORAM Mrs. Singh was nominated in the ‘Business Woman of the Year’ category, which recognises a leader TRIPURA JHARKHAND WEST who is making exemplary strides in her career while helping build an ecosystem to learn, grow and MADHYA PRADESH GUJARAT BENGAL connect with. The nomination from amongst several outstanding women achievers in India is a matter of great pride for the ANAND Group and is an inspiration for all its women employees. CHHATTISGARH Over the last few years, Mrs. Anjali Singh has demonstrated strong industry connect ODISHA by being actively associated with various key Indian industry bodies, currently holding important portfolios such as Executive Committee Member of the Automotive Component MAHARASHTRA Manufacturers Association of India (ACMA); Member of the CII International Council and Member of the Governing Body of CII-CSM (VLFM) Initiative; Member of the India Japan Business Leaders Forum (IJBLF); Executive Committee Member of the Maruti Suzuki Suppliers TELANGANA Welfare Association (MSSWA); Member of the Tata Motors Supplier Council. he pandemic has had a far-reaching socio-economic impact well Through these positions, she has been working towards her commitment to establish an inclusive, beyond just the spread of the disease. In this regard, ANAND interactive and sustainable business environment. With virtual meetings becoming the new normal, GOA T ANDHRA Group took some steps to help the people within the communities Mrs. Singh has been driving key agenda in various forums to contribute to the industry as it PRADESH KARNATAKA in which it operate. The Group made corporate donations of more navigates through turbulent times. She is also leading the way as ANAND endeavours to become than INR 5 Crore to support initiatives on relief and containment more technology-savvy in line with the need of the hour.