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Section D

Group 424 Jul 13

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Introduction

Leader in steam engineering and control instrumentation Started in 1926 as textile accessories supplier .JV with Spirax Sarco, UK

(steam energy technology leader).

1958 - Spirax Marshall unit in kasarwadi, pune with 12 employees.

Today

6 JVs

3 manufacturing units- Kasarwadi and Pimpri in Pune and Hyderabad.

Revenue - 750 crores

Steam and control instrumentation - 60 years !

Manufactures entire spectrum of engg products related to power industry,processes , energy conservation .

Awards for innovation and energy saving

Many patented designs

ISO 9001 certified

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Awards

5th best place to workfor in 2012 - ET survey

Fourth time in ET surveylist since 2006

Best Human Responseaward by Pune rotaryclub and MCCIA for

ethical HR practices, CSRwork and employeerelation

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CSR Health care , education,

employment opportunitiesfor women. Supports manyNGOs.

President's award for CSR,

recognition by MCCIA , SPJain management institute,PMI.

Eco initiatives - rain water

harvesting , recycled waterfor gardening , no artificiallightening during day time .

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Work culture

People first

Freedom , motivation ,

Whole hearted participation , hand holding by seniors

No micromanagement

Training for technical as well as personality development External trainings in Stanford university , ISB Hyd .

Employees allowed lateral shift within the company. Goalcongruence.

Long service awards for employees with 15, 21,25 ,30 yrs ofjob with the company

Long standing relationship with vendors , allows few toparticipate in product development.

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Management style

Ethical

Transparent

Employee friendly Participative

Informal

Internal control Family culture

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Organization Structure

Flat Structure(horizontal organization)

CEO

Vice President

Finance

Vice President

HR

Vice President

Manufacturing

Chief

Accounta

nt

Budget

Analysis

Plant

Support

Maintana

nce

Support

Training

Specialist

Benefits

Administ

rator

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Why Flat(Horizontal)

Few or no level of intervening management

between staff and managers.

IDEA- Well-trained worker will more

productive when they are more directly

involved in decision making process.

(As Forbes Marshall is a manufacturing

and production organization, Flat structure

help company for total improvement ).

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Results

Recognized 2ndbest company in the

manufacturing and production industry.

No 11 in the top 25 Best Workplaces in

India.

2ndbest company in employee participation in

CSR activities.

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Bobby Kuriakose (GM- HR)

Management trainee to

general manager of H.R.

Why Forbes Marshall

Very open and familyoriented culture.

Learning culture.

Focus on FUN at work.

People Friendly policy

(Great place to work)

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Revenue Center and Expense Center

Revenue centerSales and Marketing

department. (Mostly in B2B business).

Expense centerPurchase department, HR

department.

Engineering Expense centerFactory cost,

Manufacturing cost, Warehousing cost,

Transportation cost.

Discretionary Expense Center--Finance

Department, HR Department, CSR.

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Key performance indicators

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The key indicators at Forbes Marshall

Factory efficiency= Total minutes produced X 100

Total minutes attended

Man to machine ratio

On-Time delivery = Total orders shipped on time

Total orders shipped in a quarter

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Continued

Right first time quality

Represented in percentages

Total audits passed in first time out of total audit

conducted by auditors

Done in various stages of production.

Downtime percentage

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Continued

Value added per employee- This is one of the main

performance indicator at Forbes Marshall.

Calculation= (Sales-Material cost)/ No. of employees

16.91 18.57 19.36

22.02

25.92

29.36

0

5

10

15

20

25

30

35

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Achievement

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Contact..

Corporate Office - Pune (Kasarwadi)

Manufacturing Units- Pune(Kasarwadi,Pimpri), Hyderabad.

Branches(For Marketing)- Ahmedabad, Alibag,Bangalore, Chandigarh, Chennai, Coimbatore,Delhi, Hyderabad, Indore,Jamshedpur, Kochi,Kolcatta, Lucknow, Mumbai, Nagpur, Surat and

many more. International Offices -Africa, Australia,

Canada, Colombia, Indonesia, Malaysia,

Srilanka, Thailand, Dubai, USA.