22-08-2014, 11:14 AM
Atul
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ATUL
Atul Ltd. is a member of Lalbhai group, one of the oldest business houses of the India, with interests mainly in textile aromatic. The group is strongly committed to serve the society in the field of education, health, as well as culture.
Incorporated in 1947, Atul Ltd. (formerly Atul Product Limited) was founded by Kasturbhai Lalbhai with a dream to make reliant in chemicals, generate employment on a large scale and create wealth for the society. For translating his dream Kasturbhai Lalbhai bought his confidant, Ballubhai Muzumdar, an economist and his son, Siddharth Kasturbhai Lalbhai a chemical engineer, to lead Atul Ltd and establish a large chemical company.
Atul ltd became the first private sector company of India to be inaugurated by Jawaharlal Nehru, the Prime Minister of the country. The company has commenced its business with just a few dyestuffs, the know-how of which was brought from other companies.
Consequent to worldwide divestment of dyes & polymers business by ZENECA Pvt Ltd. (formerly a part of ICI, UK) and Ciba Geigy Ltd (1960) to form respectively, Atic Industries Ltd & Cibatul Ltd were merged into Atul Ltd in 1995 & 1998 respectively.
Atul Ltd operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk chemicals & Intermediates, pharmaceuticals & Intermediate polymers. Each business, in step with the company vision, develops & implements growth plans.
Atul’s registered office is in Ahmedabad where as its corporate headquarters are located in Atul, Gujarat. Atul has another corporate Head quarter in Mumbai. The company has the NSE in India and has over 35000 shareholders. Atul also has offices in the USA, the UK, Germany, China and Vietnam to service its international customer.
Aromatic Division
The erstwhile Gujarat Aromatics Ltd., a company under financial stress, was taken over by Atul Ltd in 1985 and was formed as Aromatics division of
Atul Ltd. It is one of the largest manufacturers of Cresols and their derivatives in India. These products are used in the manufacture of flavors, fragrances, cosmetics (Sunscreen lotions), bulk drugs and antioxidants. The Para-cresol capacity at Atul Ltd is 10,000 tpa and the company is planning to increase it to 15,000 tpa. The world requirement for Para-cresols and its derivatives is 50,000 tpa and Atul Ltd already has 20% share of it. Aromatics Division is one of the world's largest manufacturers of Para anisic aldehyde, Para cresol and Para anisic alcohol, supplying its products to diverse industries, including cosmetics, flavours and fragrances, bulk drugs, dye intermediates, and plant and animal micro-nutrients.
The Division's manufacturing site is located at Ankleshwar in Gujarat, about 350 km north of Mumbai.
The Division has always laid great emphasis on innovation. The state-of- the- art cost-effective processes, scientific research, ingenious technology and detailed market knowledge form the basis for the Division's success.
Aromatic has strengthened its global competitiveness through process
innovation and has developed new tools to gauge customers' needs. Through
collaborations with universities and research institutes, the Division gets access to new knowledge and technology constantly
Time Keeping Office
Atul Ltd. has a very effective time keeping system. The TKO is situated at the main gate of the company and is responsible for maintaining the Muster Roll ovary department and for every shift. The TKO consists of three staff members, two for attendance recording and one for special purpose.
The attendance recording system (ARS) is fully computerized, where each permanent employee is given Punch Card, which needs to be punched while. “Incoming and outgoing" by each and every staff workers, staff members and management members except the managing director. The card is detailed with employee name, date of joining, employee number, blood group and a code for punching. For the attendance of temporary and trainee workers the company has attendance taking card which is operated manually.
The special purpose activity includes record of PF, distribution of uniform, shoes, etc. Superannuation, Gratuity and clearance form.
Industrial Relations Environment
There are good relation between employees and employers. Employees are very satisfied with management. The relation between top level & bottom level management are excellent. In most of companies, there are labour unions which support to the labours. Atul Ltd. (Aromatic Division) also has labour union known as Atul Product Aromatic Trade Union.
Atul Ltd. Provides services like transportation and security. Company provides transportation services for management staff. Company is very conscious about safety of the employees.
Computer Applications in HR
Company uses Telnet (Dos) for time keeping, Peoplesoft for salary and Samarth for HR activities. Peoplesoft and Samarth both are Oracle based softwares.
Conclusion
From the above chart we can conclude that the level of company’s consciousness is satisfactory. Moreover the company has an overall good safety measures which will help their workers in case of any mishap or accident.