10-05-2014, 02:34 PM
A REPORT ON THE ‘ORGANIZATIONAL STUDY’ AT V-GUARD INDUSTRIES LTD
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INTRODUCTION
An organization comes into existence when there are a number of persons in communication, when there is a relationship established between each other and their willingness to contribute towards a common endeavour. By coordinated and planned cooperation of the group , the organization is able to solve tasks that lie beyond the abilities of the single individual .
Organizational study is done in order for the purpose of acquiring practical knowledge of working and functioning of the company. It shows how the different departments in an organization work and wins as a single departments in an organisation work and wins as a single unit. V Guard industry is a company which has created a niche for itself and has been nurtured by quality consciousness , passion for hard work and will to succeed.
The organisational study was undertaken mainly to study the department functions of V-Guard Industries Ltd. Established in the year 1977, from the vision of one man, Kochouseph Chittilappilly. V-guard’s product range deals in to various ranges of products which cater the requirements of consumer durable industry, agriculture and construction sectors of the country.
OBJECTIVES OF THE STUDY
Primary Objective
To become familiar with the organization
To identify different departments in the organization and to understand their functions
To understand the key business process carried out in the organization
To know about the raw materials, plant machineries, technical know-how, financial requirements.
To know about the CSR and quality measures adopted by the organization.
To analyse the extent to which the theory matches with practices inside an organization.
To know about the various products that is produced by V-Guard.
EVOLUTION OF INDUSTRY
Like every other industrial sector in India, the Indian electronic industry too is slowly emerging from out of its “protective cover”. For far too long has Indian industry remained shackled and consequently inward looking? Over the past fifty years there was no exposure to global players and competition, with the result that industry grew up in a sheltered environment, dependent on the govt. for everything, from licenses to protection to tariffs. each one of these intervention was aimed at securing protection for oneself and ensuring growth of ones own org. at the cost of industry and nation at large. Lack of global competition encouraged a “cost plus” approach, where every conceivable cost increase was passed on to the customer. There was thus no motivation to reduce costs.
Since the last decade India has witnessed what global players have achieved & what they are capable of achieving. We are becoming aware of competition on our turf. In this scenario, every company complains of increased competition, lower order books & shrinking margins. The Indian electrical & electronic industry is of course further besieged by the fact that there is a dearth of business on account of lack of investment in the power infrastructure.
MILESTONES IN THE INDUSTRY
Research and development played an important role to the increased productivity and higher value added electrical and electronic products.
Foreign investments accelerated growth in production and export as well. To expand their business, foreign companies have done huge investments which lead developing countries in establishing production units.
Global industries like medical, telecommunications, industrial and automotive industries have been cordially supported by electrical and electronic industry.
Increase in income changed living standards of the common mass. As a result, it increased in the demand of electronics especially consumer electronics product globally.
PRESENT SITUATION OF THE INDUSTRY
GLOBAL SCENARIO
The electronics industry is very dynamic and new products are introduced everyday in the electronics sector. The demands of the consumers are ever increasing and the companies are using state-of-the-art technologies to stay in the competition.. The worldwide electrical and electronic industry is the most flourishing and extremely diversified sector consisting of manufacturers, suppliers, dealers, retailers, electrical engineers, electricians, electronic equipment manufacturers, and trade unions. This sector has been growing at a rapid pace with the invention of innovative technologies and an ever-increasing customer inclination towards electronic goods and services. The global and electronics sector is highly fragmented comprising of various auxiliary sectors namely electronic components, computer and office equipment, telecommunications, consumer appliances and industrial electronics.
INDIAN SCENARIO
The Electronics Industry in India took off around 1965 with an orientation towards space and defense technologies. This was rigidly controlled and initiated by the government. This was followed by developments in consumer electronics mainly with transistor radios, Black & White TV, Calculators, and other audio products. Color Televisions soon followed. In 1982-a significant year in the history of television in India - the government allowed thousands of color TV sets to be imported into the country to coincide with the broadcast of Asian Games in New Delhi. 1985 saw the advent of Computers and Telephone exchanges, which were succeeded by Digital Exchanges in 1988. The period between 1984 and 1990 was the golden period for electronics during which the industry witnessed continuous and rapid growth.
b) IGA TECH
It is one of the professional leaders in Power Electronics. Indo Gulf American Technology (IGA TECH) is a business venture promoted by a group of professional NRIs from United States and Gulf Countries. It is aiming at industrialization of India especially Kerala with a specific view to do business in Power Electronics and industrial automation. The promoters of the company are mostly professionals working with multinational companies abroad and are exposed very much too global competition and multinational quality awareness in addition to top class customer services. The Company operates in higher end industrial Charger and Power Supply market as well as industrial/domestic UPS market. IGA Tech an ISO 9001:2008 certified and CRISIL “2A” rated company is spreading its network throughout the country in addition to export mark to Middle East.
Presently the Company has branch offices at Trivandrum and Calicut and has a well-trained team of Sales and Service Engineers to attend customer requirements as and when needed, in every district of Kerala. The company has a well equipped R & D wing to update the latest technology.