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DEB & GROUPS OF STEEL COMPANY PVT LTD
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CONTENTS
TOPICS
Acknowledgement
Objective of the study
Methodology of the Study
Data Used
Introduction of the Company
Chairmans message
Company vision
Company missionCompany philosophy
Objectives of the company
Location of the companies
Types of the company
Board of director
Organizational structure
Products of the company
Components Used
Major suppliers
Process, Production Capacity and Operations
Research and Development
Quality Control
Distribution of the company
Customers
Capital Assets
Balance sheet
Net sales & ProfitsFuture plans
What did I learn?
How it is relevant to my approach to become a manager?
How can I put it to practice?
Conclusion
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ACKNOWLEDGEMENT:-
I owe my sincere gratitude towards Suryadatta Education Foundation family for giving
me such an opportunity about the Company Profile. From the core of my heart, I am
grateful to Prof. Dr. S.B. Chordiya, Founder President and Chairman, SGI, and Prof.
Benegal Director General of the Institutes, for spending their valuable time and support
with me for successful completion my Project.
I also thankful to my co-mates and friends for their support and who encourage me for
the successful completion of the Project.
Objective of the Study:-
The main objective of the study is to gather knowledge as well as information regarding
How to Run and Establish a Company. Formation of such a company being named
Deb & Group of Steel Company Pvt Ltd. Helps to gather Knowledge, ideas as well as
techniques about Production ,Opening of various branches ,Operations, Research and
Development in the organization, Marketing and sales of Product as well as customer
satisfaction.
Methodology of the study:-
Regarding methodology of the Study various research works are implemented like Study
of various reports related to formation of Steel Company, Research reports organize in
Steel Company, Research regarding study of various spots of getting minerals like Coal,
Iron- ore Lime Stone etc.
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Data Used:-
For making of this project successful the various sources ie.Primary Sources and
Secondary Sources data of various company are been studied and implemented in this
project.
The various sources of data which are taken and studied are as follows.
y Data and Annual Report of Tata Steel . Mittal Steely Annual and Financial Report of Reliance Companyy Indian Monetary Systemy Shares of the Shareholders in both of these company according to their
ratio.
Introduction:-
Deb & Groups of Steel Co Pvt Ltd was established in January 2009, located in Kolkata
WestBengal which is a Private Ltd company with a registered capital of Rs10 Lakhs.
Companys main product is Steel Rod, Steel Coils & Sheets, Galvanised Steel Products ,
Mild Steel Slabs,Steel Tubes . Presently, we have 585 skilled employees. The
manufacture capability of our production line is nearly 100 tons per month. Last month,
our company created the sales value of 18 Lacs which was increased by 4% compared to
that of December 2009.
Our company produces fine quality Steel Rods, and implements strict quality control for
the Steel Bearings. We use good quality Galvanized Steel Coils which all achieve public
praise in Current Market. Moreover, we have attained ISO9001 certification, which gives
quality promise to customers and competitive advantage for our company.
In 2010, we aim to make larger progress on quality improvement and open the foreign
market. Our concept is "quality, innovation and trust". We are looking forward to
cooperating with overseas companies or buyers for long-term business. We will try our
best to provide best products, best service and best cooperate experience to our
customers.
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Chairmans Message:-
Deb & Groups of Steel Co Pvt ltd is one of the leading Steel industries of East India. The
Deb Groups of Steel Co Pvt ltd has four industries all over India.
The secrete of our success is our sincere and committed approach towards customers
requirements, anticipating their needs and working towards providing full satisfaction to
them. We offer them most quality Steel, which makes them to repeat their consignments
again and again and we believe in getting success through giving excellent steel products
in best value for money.
We have qualified Professionals& Managers who understand and concerned the quality
of steel. Nothing can be possible without the efficient and personalize services. Our staff
has some of most talented and committed Professionals in the field and is well
experience.
Our packages are very attractive. We are providing good and quality Steel bearings ,Steel
plates , Steel Rods ,Pipes etc. We have good contacts with all major Steel Company in
India for providing excellent Steel on needs to the customers.
As a Steel industry our main aim is to make Quality Steel and provide maximum
customer satisfaction through our products.
I want to end by quoting Patanjali, who is credited with inventing yoga. This is whatPatanjali said in 300 BC:
When you are inspired by some great purpose,
some extraordinary project,
all your thoughts break their bonds
your mind transcends limitations,
your consciousness expands in every direction,
and you find yourself in a new, great, and wonderful world.
Dormant forces, faculties and talents become alive and you discover yourself to be a
greater person
by far than you ever dreamed.
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Company Vision:-
In the most recent past, we have been guided by the VISION that we created for
ourselves in the year Feb 2009 with the confidence of a learning, knowledge based and
happy organization. To establish ourselves as the supplier of choice by delighting our
customers with our services and products of becoming the most cost competitive steelplant and so serve the community and the nation.
How have we fared against this VISION that we set for ourselves? What is our
scorecard?
Here is our scorecard:
y One of the lowest cost producers of steel in the country and globally competitivey Technologically up-to-date manufacturing facilitiesy Customers happy with our products and servicesy Becoming a learning and knowledge based organizationy A culture of continuous change and improvementVISION:-
To seize the opportunities of tomorrow and create a future that willmakeus an EVA positive company:
To be on the lookout for and shape the opportunities to get the first-mover
advantage and remain ahead of competition. The opportunities could exist inemerging technologies, new business models, value creation, customer service,
new products, services or businesses, financing options etc. To mobilize all
resources and efforts through value based management that will help us earn
returns better than the cost of capital. The equation below shows that the EVA
is positive when the RONA is greater than the cost of the capital invested.
EVA = (RONA WACC) X Invested
EVA- Economic ValueAdd
RONA- Return onNet Assets (= Net Operating Profit After Tax/ Net
Assets)
WACC - Weighted Average Cost of Capital.
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To continue to improve the quality of life of our employees and thecommunities we serve:-
Deb & Group of Steel Co Ltdwill continue to be guided by the Deb groups
endeavor to improve the quality of life of the communities we serve (e.g.
Customers, suppliers, governments, shareholders, local community etc). The
company has always tried to maintain a good quality of life for its employees.
The company, ahead of any legislation, introduced provident fund, maternity
leave, eight hour working etc. Similar spirit will continue to guide our future
efforts in improving the quality of life of our employees.
Revitalize the core business for a sustainable future:The core business is sought to be revitalized by a comprehensive set of
initiatives under the ASPIRE program. Aspirational initiatives will be taken in
each area of our enterprise to reduce costs and enhance revenues coupled with
finance prudence to galvanize the core business into an attractive investment
option. By making the core business EVA positive we wish to ensure its long
term sustainability.
Venture into new businesses that will own a share of our future:By the year 2010 we expect to enter into at least two major new business that
would have grown comparable in size to the core business. We also expect tocontinuously evaluate and expand the new businesses to compliment the
cyclical nature of the steel business.
Uphold the spirit and values ofDeb & Groups towards nation building:Even as the face of the new business may be fundamentally different from our
existing core businesses what will bind them together will be the spirit and the
values ofDeb Groups. It is our belief that upholding these values will
continue to be the reason for our enduring success and respectability.
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Company Mission:-
Consistent with the vision of the Deb & Groups of CompanyPvt Ltd, Deb Groups strives
to strengthen Indias industrial base through the effective utilization of staff and
materials. The means envisaged to achieve this are high technology and productivity,
consistent with modern management practices. Deb & Groups of CompanyPvtLtdrecognizes that while honesty and integrity are the essential ingredients of a strong
and stable enterprise, profitability provides the main spark for economic activity. Overall,
the Company seeks to scale the heights of excellence in all that it does in an atmosphere
free from fear, and thereby reaffirms its faith in democratic values.
Company Philosophy:-
Deb & Groups of Steel Co Pvt Ltd. has a natural climate for their workers and always tries
to provide an admirable culture with maintenance of well behavior, & always adopt
genuine technique & peaceful management with all employees & staff. We also maintain
national and global identity, a production of irrespective of volume with a trust of Quality
customers consist of satisfaction; Deb & Groups of Steel Co Pvt Ltd. is known to its brand
and is derive by faith.
Deb & Groups of Steel CoPvtLtd. believes in co-operation; the spirit of humanity, liberty,
integrity, responsibility, affection, is generated here; we also develop an eco- friendly
environment with equality amongst to all.
Regarding employees welfare we provide rent free Flats, Quarters, Medical Facilities to
the Employees as well as their families. Free School facilities regarding the study of the
employees ward and also Playing Grounds, Amusement Parks etc.
We follow Government Saving fund Strategy that is Provident Fund,Gratuity, Pension
schemes for Retired Employee etc.
For serving nation we also opened a Sports Academy and Complex in the name of my
beloved father ie.
R.SAHA SPORTS COMPLEX and SAHA FOOTBALL ACADEMY which is in Kolkata.
We associate various type of Sports events as well as we provide coaching and training
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facilities to State and District level players. We also organize schedules for Training and
Coaching for the players of various foreign countries like Bangladesh,China, Japanetc in
various respective sports.
We also serve our qualified players to various sporting clubs of India like Mohunbagan,
East Bengal, Churchill Brothers, Mohamedan Sporting Club etc.
Objectives of the Company:-
DEB& GROUPS OF STEEL COMPANY PVT LTD
Sustainability issues are reflected through specific social and environmental objectives
and targets accepted by the top management as a part of Vision.
To achieve its sustainability goals, the organization has identified 12 key enterprise
processes critical to the growth and success of the organization. Mapping and identifying
stakeholder concerns through a structured engagement and feedback process has been
initiated. These stakeholder concerns are analyzed, prioritized and are the prescribedgoals for Corporate Sustainability Management. The senior management ofDeb &
Groups of Steel Ltd tracks the performance of the targets against each strategic goal.
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Sustainability at the Deb Group and Deb Steel has always been value-driven. The five
core values underpinning the way the Deb Group of companies conduct business are:
Integrity
Understanding Excellence
Unity
Responsibility
12 Key Enterprise Processes
Leadership Order Generation
Strategic Planning & Risk
Management
Operation
and Fulfillment
Market Development Inbound Supply Management
Investment Management Research & Development
Improvement & Change Management Information Management
Human Resources Social Responsibility & Corporate
Services
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Location of the Company, Offices, Plant:-
.
Compan y Offices Section Product Plant / Mines
Deb & Groups
of Steel Co Pvt
Ltd
Kolkata , West
Bengal.
Head Office
Deb & Groups
of Steel Co Pvt
Ltd
Kolkata , West
Bengal .
Companys
Steel Works
Steel Rod ,
Steel Coil &
Sheets
Kolkata ,
West Bengal .
Deb & Groups
of Steel Co Pvt
Ltd
Joda ,Orissa. Companys
Steel Works,
Sales &
Marketing
Mild Steel
Slabs & Steel
Tubes
Joda ,Orissa.
Deb & Groups
of Steel Co Pvt
Ltd
West Bokaro &
Jamadoba
,Jharkhand
Companys
Steel Works
Steel Bearings WestBokaro
&Jamadoba
,Jharkhand
Deb & Groups
of Steel Co Pvt
Ltd
Noamundi ,
Jharkhand
Companys
Steel Works
Galvanised
Steel Products
Noamundi ,
Jharkhand
Deb & Groups
of Steel Co Pvt
Ltd
West Bokaro &
Jamadoba
,Jharkhand
Production Coal WestBokaro
&Jamadoba
,Jharkhand
Deb & Groups
of Steel Co Pvt
Ltd
Noamundi &
Kumardubi ,
Jharkhand
Production Iron Ore Noamundi&
Kumardubi ,
JharkhandDeb & Groups
of Steel Co Pvt
Ltd
Kalimati,
Jharkhand
Production
,Purchase
Lime Stone,
Maganese
Klimati,
Jharkhand
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Type of Company:-
A Private Limited Company, Deb Groups of Steel Company Pvt Ltd is headquartered at
Kolkata,West Bengal , India. Its stock is listed and traded on Stock Exchanges located at
Kolkata. Global Depository Receipts (GDR) issued by the company in the Indian market
has been listed on the Mumbai Stock Exchange. As on 31.03.09, there were 36,898ordinary shareholders (Rs.10.00 per share).
Distribution of Shareholding
Number of Ordinary Shareholders
Held
Number of Shareholders (%)
31/3/2009
1 to 100 71.54
101 to 500 22.07
501 to 1000 3.50
1001 to 10000 2.71
Over 10000 0.18
100.00
Category Number of Shareholders
36,898
Individuals 30,164
Unit Trust of India 1
Life Insurance Corporation of India 1
Govt. & Other Public Financial
Institutions
65
Deb & Group of Steel Companies 15
Companies 6193Nationalised Banks, Mutual Funds &
Trusts
274
Foreign Institutional Investors 185
TOTAL 36,898
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Board of Directors:-
Name of Directors Designations Name of Directors Designations
Mr.Debjit Saha Founder &
Chairman
Mr.Ranajit Saha Director
Mr.Sanjiv K
Pataudi
Chief Financial
Officer
Mr .Tapan Kumar
Sarkar
Managing Director
Mr .D.K Paul Financial
Institutions
Nominee
Mr .P.K.Kaul Financial
Institutions
Nominee
Mr .Debasish Saha Shareholders Mr . Debasish
Ghosh
Shareholders
Dr .Mukherjee Whole time
Director
Mr .Suresh
Mathuraman
Whole time
Director
Dr .Bhattacharya Shareholders Mr .Bikash Dhar Shareholders
Mr .PrassannaBhuyan Shareholders Mr .Vivek Sharma Shareholders
Mr .Ishat Hussain Whole time
Director
Mr.Subhas Modi Whole time
Director
Mr . S.M Palia Chief Financial
Officer
Mr .Narayan
Krishnan
Chief Financial
Officer
Mr .Sukhwinder
Singh
Shareholders Mr .Suresh Thappa Shareholders
Mr .Ashok
Singhania
Shareholders Mr.V.K.Chopra Shareholders
Mr .Ashok Khanna Shareholders Mr.Seikh Salim Shareholders
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Organizational Structures & Key Departments of the Company:-
Chairman
Directors
GeneralManager
Jamadoba
GeneralManager
Kalimati
Generalmanager
Kolkata
GeneralManager
Nomundi
GeneralManager
Kumardubi
Generalmanager
Joda
Finance
Department
Quality &
Control
departmentService
Departm
-ent Service
Departm-
ent
Sales
Departmen
-t
M
-ti
De
-
Galvanised
Steel Plant
Production
Department
of Iron OrePurchase
DepartmentProduction
Department
of Lime
Stone
Production
Department
of Coal
Technology
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Products of the Company detail Brands:-
Long Products Wire Rods, Rebars
Flat Products Hot & Cold Rolled Sheets, Hot & Cold Rolled Coils,
Galvanized Coils & Sheets
Semi Finished Steel
Products
Billets,Mild Steel Slabs , Slabs
Tubes Standard pipes, ERW Precision Tubes
Bearings Rolled Rings, Machines Rings, Bearings
Minerals Coal & Coke, Iron Ore, Lime Stone
Components Used in Making Steel:-
Steelis an alloy consisting mostly of iron, with a carbon content between 0.2% and 2.1%
by weight, depending on the grade. Carbon is the most cost-effective alloying material
for iron, but various other alloying elements are used such as manganese, chromium,
vanadium, and tungsten.
Carbon and other elements act as a hardening agent, preventing dislocations in the iron
atom crystal lattice from sliding past one another. Varying the amount of alloying
elements and form of their presence in the steel controls qualities such as the hardness,
ductility, and tensile strength of the resulting steel. Steel with increased carbon content
can be made harder and stronger than iron, but is also less ductile.
Alloys with a higher carbon content are known as cast iron because of their lower melting
point and castability.Steel is also distinguished from wrought iron, which can contain a
small amount of carbon, but it is included in the form of slaginclusions. Twodistinguishing factors are steel's increased rust-resistance and better weldability.
Though steel had been produced by various inefficient methods long before the
Renaissance, its use became more common after more efficient production methods were
devised in the 17th century. With the invention of the Bessemer process in the mid-19th
century, steel became a relatively inexpensive mass-produced material. Further
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refinements in the process, such as basic oxygen steelmaking, further lowered the cost of
production while increasing the quality of the metal. Today, steel is one of the most
common materials in the world and is a major component in buildings, infrastructure,
tools, ships, automobiles, machines, and appliances. Modern steel is generally identified
by various grades of steel defined by various standards organizations.
Main article:
Steelmaking
When iron is smelted from its ore by commercial processes, it contains more carbon than
is desirable. To become steel, it must be melted and reprocessed to reduce the carbon to
the correct amount, at which point other elements can be added. This liquid is then
continuously cast into long slabs or cast into ingots. 96% of steel is continuously cast,
while only 4000 ingots are cast per year.
The ingots are then heated in a soaking pit and hot rolled into slabs, blooms, or billets.
Slabs are hot or cold rolled into sheet metal or plates. Billets are hot or cold rolled into
bars, rods, and wire. Blooms are hot or cold rolled into structural steel, such as I-beams
and rails.
In modern foundries these processes often occur in one assembly line, with ore coming
in and finished steel coming out.Sometimes after a steel's final rolling it is heat treated
for strength, however this is relatively rare
Major Suppliers:-
Suppliers Name Product Category
Jay Steel Corporation Steel Pipes
Steel Mart Steel Rods , Steel Coils
Hero Cycle Ltd Steel Bearings
Metal & Engineering Co Ltd Steel Rods
Rampara Steel Industries Pvt Ltd Steel Mild slabs
Maruti Architectural products pvt Ltd Steel Coils
Emmes Metals Pvt. Ltd. Galvanised Steel Products
Zwick Roell Testing Machines Pvt Ltd Steel Coils
Banswara Syntex Ltd Galvanised Steel Products
Surya Global Ltd. Steel Bearings And Steel Rods
Excel Metal & Engineering Industries Steel Sheets, Steel Pipes
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Processes, Production Capacity, Operations:-
BLAST FURNACE
Deb & Groups of Steel Company Pvt Ltd. Is a Private Sector Steel Company in India has
embarked on growth plan to increase its Kolkata Works Capacity to 200 ton per month in
Phase I and to 250 ton in Phase II. Blast Furnace marks the completion of the most
important milestone in that journey. It has been designed, supplied, erected and
commissioned by a consortium consisting of Paul Wurth (PW) Italia, L&T, Paul Wurth
(PW) India.
Blast Furnace will produce over 7 tones of hot metal per day with a coke rate of 3 kg and
coal injection rate of 16 kg. The furnace is equipped with all modern features. It has two
flat cast houses with four tapholes. Cold blast will be made available by electrically
driven blowers. Energy in terms of electrical power will be recovered from the BF gas
through an expansion turbine. The waste heat from the stoves exhaust will be recovered
to save on the fuel rate of the furnace. The Slag generated will be supplied for CementManufacturing in granulated form.
Research and Development:-
New product design and development is more often than not a crucial factor in the
survival of a company. In an industry that is fast changing, firms must continually revise
their design and range of products. This is necessary due to continuous technology
change and development as well as other competitors and the changing preference of
customers. A system driven by marketing is one that puts the customer needs first, and
only produces goods that are known to sell. Market research is carried out, whichestablishes what is needed. If the development is technology driven then it is a matter of
selling what it is possible to make. The product range is developed so that production
processes are as efficient as possible and the products are technically superior, hence
possessing a natural advantage in the market place.
R&D has a special economic significance apart from its conventional association with
scientific and technological development. R&D investment generally reflects a
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government's or organization's willingness to forgo current operations or profit to
improve future performance or returns, and its abilities to conduct research and
development.
In general, R&D activities are conducted by specialized units or centers belonging to
companies, universities and state agencies. In the context of commerce, "research anddevelopment" normally refers to future-oriented, longer-term activities in science or
technology, using similar techniques to scientific research without predetermined
outcomes and with broad forecasts of commercial yield
Statistics on organizations devoted to "R&D" may express the state of an industry, the
degree of competition or the lure of progress. Some common measures include: budgets,
numbers of patents or on rates of peer-reviewed.
Quality Control:-
In engineering and manufacturing, Quality Control and Quality Engineering are used
in developing systems to ensure products or services are designed and produced to meet
or exceed customer requirements.
Quality control is the branch of engineering and manufacturing which deals with
assurance and failure testing in design and production of products or services, to meet or
exceed customer requirements.
Quality assurance:-
One of the most widely used paradigms for quality assurance management is the PDCA
(Plan-Do-Check-Act) approach, also known as the Shewhart cycle.
Failure testing:-
A valuable process to perform on a whole consumer product is failure testing (also
known as stress testing), the operation of a product until it fails, often under stresses such
as increasing vibration, temperature and humidity. This exposes many unanticipated
weaknesses in a product, and the data is used to drive engineering and manufacturing
process improvements.
Total quality control:-
Total Quality Control is the most necessary inspection control of all in cases where,
despite statistical quality control techniques or quality improvements implemented, sales
decrease.
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If the original specification does not reflect the correct quality requirements, quality
cannot be inspected or manufactured into the product.
For instance, all parameters for a pressure vessel should include not only the material and
dimensions but operating, environmental, safety, reliability and maintainability
requirements.
Marketing Department, Sales and Distribution:-
Marketing ,Sales and Distribution department plays a vital role in
Deb & Groups of Steel Company Pvt Ltd.The quantity of Steel and their various
products which are produced 75% of the product are sold in domestic market and
balanced 25% are been exported to China .
Sales and Distribution department also helps the products manufactured by Deb &
Groups of Steel Company Pvt Ltd cater to the consumer sectors such as
construction/infrastructure, capital goods, general engineering and railways as well as
small steel companies within the country.
To enhance the net realization and to combat the commodity nature of steel, the
company, apart from improving the product mix, is increasingly differentiating its
products through Branding beginning with Deb & Groups ofSteel Bars, Steel Pipes,
Steel Bearings, Steel Coil and Galvanised corrugated Steel.
Products manufactured at different locations reach the consumer through direct dispatch
or through a network of retail stockyards located in all major cities in India. Customized
products are also delivered to end users through various conversion agents.
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Customers:-
Companies Products
Ispat Industries Steel Coils & Sheets
Jagdish Steel Steel Pipes
S .Jindal Iron & Steel Galvanised steel
J.K Steel Mild Steel Slabs
Kamdhenu Ispat Steel Bearings
Lloyds Steel Steel Coils
MSTC India Steel Sheets
Mahamaya Steel Industries Steel Rods
Mahavir Steel Galvanised steel
Metalman Industries Mild Steel Slabs
Mukand Group Steel Pipes
Murugan Exports Steel Bearings
Trident Steels Steel Rods
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Financial Data:-
Deb & Groups of Steel Co Pvt Ltd
Profit & Loss Account For The Year Ended 31/3/2009Particulars Amount(Lakh) Amount(Lakh)
INCOME:
Turnover 1,46,328.00
Less:Excise Duty / Service Tax Recovered 4,480.00
Net Turnover 1,41,848.00
Other Income 2,059.00
Variation in Stocks 427.00
1,44,334.00
EXPENDITURE:
Purchases 2,205.00Manufacturing & Other Expenses 1,16,755.00
Interest & Finance Charges 1,745.00
Depreciation 7,182.00
Less:Transefered from Revaluation Reserve 1,987.00 5,195.00
Adjustment Conformable to the Scheme of
Amalgamation includingWrite off of Investment
7,728.00
Less: Transfer from General Reserve 4,344.00 3,384.00
1,29,284.00
PROFIT BEFORE TAX: 18,433.00Less:Provision for Current Tax 1,206.00Less:Provision for fringe Benefit Tax 56.00Less:Provision for Deferred Tax 1,860.00
PROFITAFTERTAX: 15,311.00Add:Balance bought forward from Previous Year
Excess Provision for Tax for Earlier Years4,363.00
AMOUNTAVAILABLE FOR
APPROPRIATIONS:
19,674.00
APPROPRIATIONS:General Reserve 11,728.00
Debenture Redemption Reserve 340.00
Interim Dividend on Equity Shares 1,897.00
Proposed Dividend on Equity Shares 1,000.00
Tax on Dividend 322.00 15,287.00BALANCE CARRIEDTO BALANCE SHEET: 4,387.00
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Provisions 3,010.00
(B) 35,701.00
NET CURRENTASSETS:(A-B) (3) 19,009.00
TOTA
L:
(1+2+3) 2,10,001.00
Future Plans:-
Regarding the long term future plans ofDeb & Groups of Steel Co Pvt Ltd are as
follows:
To Purchase Shakti TMT Bar Plant at Kolkata by 2013 because of its highCapacity Blast Furnace which can produce at least more than 400 tons of Steel
in a day.
To open Open Cast mine at Kalimati for Iron Ore. To move on to Automobile Manufacturing sectors of sophisticated cars by
2015.
To move on to opening of Cement manufacturing plant in India by 2020. To bought an Tea estate as well as Tea factory by 2022. To adopt Telecom amd IT sectors by 2025. At last but not the least to collaborate with Australia for getting Coal at
economic cost.
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What DidILearn?
From this project , I learnt about various factors that should be considered while making
our own company.It also teaches about how the company functions effectively,how the
higher management plans out various targets and they are achieved by means of lower
management.
Relevant Approach To Become A Manager:-
This project would help me in understanding the role of a manager more effectively and
also in managing the various resources like money,manpower,time ,raw materials
etc.Since finance is the lifeline of any organisation,this project would help me in
understanding the vitality of finance and utilising it in the most suitable way.
Ways to PutIt To Practice?
Today,every company has its own unique policy,structure,and the way of functioning.As
a future manager,I can learn a lot from other companies and try to develop my own way
of working.In future,I will be facing many real life situations, wherein I can surely make
use of this knowledge.
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Conclusions:-
At first,I am thankful to our institute for including such a project in our curriculum and
giving us a golden opportunity to experience the making of our own company. In this
process, I learnt a lot many things which were not known to me as yet. It is because of
this project that I gained an ample amount of knowledge about business as well as of
various companies. As far as future is concerned,I am sure that this project would help
me in learning and understanding the actual structure as well as the working of any
organisation. Last, but not the least, I would like to express my sincere thanks to our
chairman Dr.Sanjay.B.Chordiya for encouraging and guiding us thoroughly through the
entire process of making this project.