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Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology
Safety, HealthandEnvironment Serving the Society Directors’ Report
Management Discussion andAnalysis
Report on Corporate Governance Financial Statements
In its journey towards excellence, the Company is
committed to providing an environment that is
encouraging, nurturing and appreciative and one in
which the employees can work to their potential and
grow professionally as well as personally.
Therefore, vigorous efforts were made to upgrade and
improve the competencies of managers and also to fill
up specific gaps. Competency model was prepared and
training intervention on an average of 6.6 man days per
employee was achieved during the year.
Values form an integral part of the culture of the Company.
To formalize Values, a guiding booklet was conceptualized
and printed. Also, a specially designed motivational poster
campaign called ADWAIT was launched.
PeopleSoft, world class human resource management
software has been implemented. This will provide
easy access to extensive employee information, talent
management through competency based recruitment,
development, career and succession planning and an
error free payroll management.
Despite start up of an additional Pharma plant, expansion
of Polymers and growth of consumer businesses in Crop
Protection and Polymers, the manpower strength reduced
to 2563 as on March 31, 2010 as a result of various
productivity improvement measures adopted during
the year.
A long term Wage Settlement with the Unions is under
discussion at Valsad and Ankleshwar sites which will help
bring further long-term improvements.
Statements made in the Management Discussion
and Analysis report relating to projections, estimates,
expectations or predictions are based on certain
assumptions. The Company cannot guarantee that these
assumptions are accurate or will be realised. The actual
results,performanceorachievementsoftheCompanycould
thus differ materially from those projected or estimated.
Human Resources