Section DGroup 4

24 Jul 13

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

Awards•5th best place to work for in 2012 - ET survey•Fourth time in ET survey list since 2006•Best Human Response award by Pune rotary club and MCCIA for ethical HR practices, CSR work and employee relation

CSR• Health care , education,

employment opportunities for women. Supports many NGOs.

• President's award for CSR, recognition by MCCIA , SP Jain management institute, PMI.

• Eco initiatives - rain water harvesting , recycled water for gardening , no artificial lightening during day time .

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. Goal

congruence.• Long service awards for employees with 15, 21,25 ,30 yrs of

job with the company • Long standing relationship with vendors , allows few to

participate in product development.

Management style

• Ethical• Transparent• Employee friendly• Participative• Informal• Internal control • Family culture

Organization Structure

• Flat Structure(horizontal organization)

CEO

Vice President Finance

Vice President HR

Vice President Manufacturing

Chief Accounta

nt

Budget Analysis

PlantSupport

Maintanance

Support Training Specialist

Benefits Administ

rator

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 ).

Results

• Recognized 2nd best company in the manufacturing and production industry.

• No 11 in the top 25 “Best Workplaces” in India.

• 2nd best company in employee participation in CSR activities.

Bobby Kuriakose (GM- HR)

• Management trainee to general manager of H.R.

• Why Forbes Marshall—• Very open and family

oriented culture.• Learning culture.• Focus on FUN at work.• People Friendly policy

(Great place to work)

Revenue Center and Expense Center

• Revenue center—Sales and Marketing department. (Mostly in B2B business).

• Expense center– Purchase department, HR department.

• Engineering Expense center– Factory cost, Manufacturing cost, Warehousing cost, Transportation cost.

• Discretionary Expense Center--Finance Department, HR Department, CSR.

Key performance indicators

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

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

Continued…

• Value added per employee- This is one of the main performance indicator at Forbes Marshall.

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

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.