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The Company continued with its drive to
institutionalise and upgrade its HR processes
to help build a more robust workforce
capable of managing dynamic and growing
business needs. In particular, it focused on improving its
processes related to performance management, succession
ƎŕĿŠijȡ ƙƎĚČĿǛČ ŠĚĚē ċîƙĚē ēĚDŽĚŕūƎŞĚŠƥ îŠē ƙNjƙƥĚŞƙ
enhancement to facilitate all HR processes.
¹ĺĚ ƎƑūČĚƙƙ ūlj ĿēĚŠƥĿǛČîƥĿūŠ îŠē ƑĚDŽĿĚDž ūlj ƥîƑijĚƥƙ Ŀƙ
becoming more robust and is continuously upgraded.
During 2018-19, on an average, 2.5 mandays of training
Džîƙ ĿŞƎîƑƥĚēȦ ¹ĺĚ ƥƑîĿŠĿŠij ŠĚĚēƙ îƑĚ ĿēĚŠƥĿǛĚē ċîƙĚē ūŠ
ƙĚŕljȹîƙƙĚƙƙŞĚŠƥȡ gɤǧ îƙƙĚƙƙŞĚŠƥȡ ǩǬǦ ēĚijƑĚĚ ljĚĚēċîČŒ
and Individual Development Plan. In addition, there are
certain team building programs to integrate work teams.
Succession planning process is being enhanced so that,
ƥū ƥĺĚ ĚNJƥĚŠƥ ƎūƙƙĿċŕĚȡ ƎĚūƎŕĚ ljƑūŞ DžĿƥĺĿŠ ƥîŒĚ ƭƎ ĺĿijĺĚƑ
ƑĚƙƎūŠƙĿċĿŕĿƥNjȦ TēĚŠƥĿǛĚē ŞîŠîijĚƑƙ îƑĚ ċĚĿŠij ŠūŞĿŠîƥĚē ūŠ
ƙƎĚČĿǛČ ĚNJƥĚƑŠîŕ qîŠîijĚŞĚŠƥ 'ĚDŽĚŕūƎŞĚŠƥ ¡ƑūijƑîŞƙ ƥū
enhance functional and behavioural competencies and build
leadership pipeline.
The number of employees (as on March 31, 2019) increased
by 120 from 2,454 to 2,574. 70% of this increase was
ŞîĿŠŕNj ēƭĚ ƥū ŠĚDž ƎūƙĿƥĿūŠƙ ūŠ îČČūƭŠƥ ūlj ĚNJƎîŠƙĿūŠƙ ĿŠ
manufacturing operations of various businesses.
Historic wage settlement was concluded at Ankleshwar
site in which the Union agreed to an increase of a certain
îŠē ƑĚŞĚēĿîƥĿūŠ ƙƥîƥƭƙ ūlj ƎƑĿūƑ ǛŠēĿŠijƙ îƑĚ ƎƑĚƙĚŠƥĚē îŠē
discussed with the Audit Committee.
Audits are conducted in accordancewith a risk based internal
audit plan which is duly approved by the Audit Committee.
The scope and coverage of internal audit plan includes
reviewing and reporting on key process risks, adherence to
operating guidelines and statutory compliances.
Processes in the Internal Audit function are continuously
strengthened for enhancing effectiveness and productivity,
including use of analytical tools in the audit domain and
ongoing knowledge improvement programs.
ǛNJĚē ƎĚƑČĚŠƥîijĚ ūlj DžîijĚƙ ƥĿŕŕ ƑĚƥĿƑĚŞĚŠƥ îŠē DžîijĚƙ îƑĚ
restructured in a way that they are not dependent of any
ĚNJƥĚƑŠîŕ ljîČƥūƑƙȦ ØîijĚ ƙĚƥƥŕĚŞĚŠƥ îƥ ƥƭŕ ƙĿƥĚ Ŀƙ ƭŠēĚƑ
discussion. Employee relations at all locations remained
cordial and progressive, and the endeavour is to completely
eliminate any divide that separates managers and
workmen and use the strengths of everyone to enhance the
performance of the Company.
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Management Discussion and Analysis