18-09-2012, 03:01 PM
O/E/N India Ltd.
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INTRODUCTION
In the Indian electronics industry for over 35 years the name O/E/N India Ltd. has been synonymous with precision, high quality electromechanical components like relays, switches, trimming potentiometers and allied assemblies.
Since 1969, O/E/N has been market leaders for all products under its manufacturing range and caters to market segments like industrial instrumentation & controls, automotives, strategic electronics and high end consumer electronics with emphasis on quality.
The state of the art assembly and manufacturing facilities of O/E/N covering over 18000m2 spread over 2 suburbs of Cochin and 1 in Peenya in Bangaloru. O/E/N has their own captive tool design center and well equipped tool room capable of producing high precision tools and moulds. In-house preproduction pressed metal parts with allied annealing and plating, finishing plants and moulding shops for moulded plastic parts.
The quality management system of the company is approved to ISO 9001 with automotive production lines being approved to ISO/TS 16949. The environmental systems of the company are approved to ISO 14001. Individual products are covered by approvals from defense or telecom authorities or by UL, CSA or VDE.
R&D laboratory of O/E/N is recognized by the Department of science and technology, Government of India, and is competent to develop high precision miniature, electromechanical components and allied subsystems. R&D is geared to work on acquisition of technology as to transfer technology top business partners.
One of the thrust areas of business is contract manufacturing. O/E/N has got plants identified under Electronic Hardware Technology Park (EHTP) scheme for duty free inputs for exports. There are several companies from outside India who utilize O/E/N’s expertise in manufacturing to produce low cost high quality products.
Design of the study
Objective of the study
Textbooks, Journals, Libraries etc. can provide only limited amount of knowledge about the activities inside an organization. In the modern world of improved knowledge and technology, management students who have clamor for taking corporate jobs should be aware of various functions within an organization. For getting detailed knowledge about such things, it is better to have a close observation about such functions. An organizational study also provides hands on experience to them. Books and classroom lectures give more emphasis to theoretical aspects of management and concept development. But in the actual practice things may not be exactly the same as theory. The process and activities in an organization depends on the products, size of operation, competitiveness its organizational framework, and like. The present organization study is undertaken with certain clear-cut objectives.
INDUSTRY PROFILE
National Profile
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. Colour Televisions soon followed. In 1982-a significant year in the history of television in India - the government allowed thousands of colour 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.
Current Scenario
In recent years the electronic industry is growing at a brisk pace. It is currently worth $10 Billion but according to estimates, has the potential to reach $ 40 billion by 2010^. The largest segment is the consumer electronics segment. While the largest export segment is of components.
The electronic industry in India constitutes just 0.7 % of the global electronic industry. Hence it is miniscule by international comparison. However the demand in the Indian market is growing rapidly and investments are flowing in to augment manufacturing capacity. India however remains a major importer of electronic materials, components and finished equipment amounting to over US$12 Billion in 2005^. This is not a desirable situation and local manufacturing has to keep pace with growing local demand.
Company Profile
Established in 1968, O/E/N is the market leader for Electromechanical Components. Manufacturing plants are located in the suburbs of Cochin and Bangaloru with over 18,000 square meters of factory space. They offer a comprehensive range of products with applications in most segments of Electronic Industry including Communications, Automotive, Strategic Industrial Controls, Instrumentation and Consumer Electronics. The quality management system of the company is covered by ISO 9001: 2000 Certification.
Factory infrastructure include fabrication plant for pressed parts, plastic moulded parts, electroplating facilities, Research & Development Laboratory, sophisticated Tool Room and Quality Assurance & Test Labs. Apart from regular production, O/E/N offers facilities for contract manufacturing and already exports considerable volumes.
“We are the customer link to the future. We help turn/transform customer concepts to product applications. We create made to order products, to customer specifications. The hard earned reputation for quality products & services has helped us enhance customer base. Clients choose O/E/N and stay with us because we provide world class technical and reliable support. Customer care and satisfaction is part and parcel of our work culture. We nurture continuous innovation, team work, employee involvement and stay focused on customer needs. We have successfully established customer loyalty by working towards establishing lesser gap between customer wants and products/services we deliver. In fact, O/E/N is the virtual supplier of Electromechanical Components.”-website of O/E/N
History of O/E/N
O/E/N India Ltd. was formed in 1968 as a joint venture with OAK Electro/Netics Corporation, U.S.A under the leadership of founder M.D, Late Mr. K.A Mathew. At the inception, 45% of the equity shares were held by OAK Industries Inc, U.S.A and 25% by Kerala State Industrial Development Corporation and the balance primarily by the directors and their associates. The abbreviation O/E/N was devised out of the name of the collaborator.
The OAK group was a pioneer in the field of professional grade rotary switches, keyboards, and push button switches, miniature and power relays, miniature trimmer potentiometers, controls and control systems serving many segments of electronic industries- appliances, manufacturing, industrial, aerospace, military and other fields.
Until O/E/N India went into production, entire requirements of the country for these products were being imported from the U.S and the U.K. The major customers for these products were Indian PSUs like BHEL, HAL, ISRO, DRDO, HMT, etc.
The company started with OAK designs and eventually added new designs in due course. The company reached its break even in 1970 and declared its first dividend in the year 1973. In 1980, the company started a sister concern O/E/N Micro Systems to take up manufacturing of computer peripherals and in 1984 O/E/N Connectors India Ltd. in collaboration with FCI Connectors, France. By 1985, the company set its second manufacturing plant in Peenya, Bangaloru.