TVS and its advisers are reviewing major companies in the fold, assessing their net worth and share value, an insider said. The group has been inducting the fourth generation of the family, with some members having already taken over crucial functions. Most businesses have been earmarked for management by separate branches of the family, the person said.
The consultations will also take into account some family members wanting to pursue interests beyond auto and finance such as startups. That may also entail a more audacious business style that contrasts with the conservative outlook that TVS is known for. TVS is reputed for its prowess in manufacturing, having won Deming Prizes for quality. Sundaram Finance, part of the legacy of TS Santhanam, a son of TVS Iyengar, has been unaffected by the troubles that have beset nonbanking financial companies of late thanks to its conservative approach.
The shareholding of Sundaram Finance is widely dispersed with no individual family holding a significant chunk.
Unlisted companies growing rapidly include TVS Logistics. He pointed to the Bajaj family recast that has unlocked value in the group companies. ET reported January 1 last year on the Bajaj family succession plan that involved realigning ownership through the purchase and sale of stock in various listed group companies among themselves.
There will be some further transactions also. It is work in progress. Read more on TVS.
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Tvs Motor Company free essay sample - New York Essays
My Saved Articles Sign in Sign up. Find this comment offensive? This transport grows into a big network. In TVS started an automobile spare parts and service unit in Madurai. This diversified the religious city into a variety of trading and service activity center. In General Motors was able to recognize the greatness of TVS group and appoint them as authorized agents.
This was a major breakthrough in the evolution of automobile industry. S needs special mention; in this trip he made practical studies on agriculture activities and implemented them in hometown. This shows that he is not a mere mechanical minded person but also lover of nature.
The year is a milestone in the transport service in South India. During this period TVS merged transport companies and formed Southern Road Ways, which transported not only people but also commercial articles through their parcel service. Due credit will always come to great people. The company gives life to thousands of family by employing nearly employees. The company is the leading logistics solution provider specializing in the Auto Vertical and has set up state-of-Art warehouses across the country for this purpose. The Logistics Business Unit has created a special name for their excellence in the Inbound Logistics.
It has now extended providing the supply chain solutions across the globe for the Indian Auto Component manufacturers which include a wide array of value added services. Currently the Logistics Business Unit is the lead logistics provider for almost all the leading Automobile Companies in India.
The company has diversified into sales and service of service station equipment for Two-wheelers, cars and trucks. Objectives of the TVS group In enterprise and in business, as in life, it is the team spirit that succeeds. It represents various leading manufacturers like Ashok Leyland, Mahindra ltd. The company has more than outlets and is also the largest distributor of spare parts in India, handling more than 70 suppliers and part lines.
The logistics division has tied up with leading consultants across the globe and provides logistics support to almost all the leading automobile manufacturers in India. The strengths of the company are the after-sales-service it provides. This division also distributes auto spare parts for several leading manufacturers. It also distributes automotive spare parts for several leading manufacturers. It has also diversified into distribution garage equipment that ranged from paint booths to engine analyzers and industrial equipment products.
Underlying the success of the group is an ethos of commitment to the values of Quality, Service and Reliability. Continuous innovation and close customer interaction have enabled the Group to consolidate its position at the leading edge of the automotive industry. Recognizing the great demand for streamlined, efficient logistics services, the division has rapidly evolved into a successful, independent profit centre.
The strength of the company is the after-sales-service it provides. Strategic Business Units: 1. AL SBU b. E-Comet SBU c.
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Petroleum Products 5. Insurance 6. Special Products SBU 7. All car Services Crash Recovery Services E-Comet Value Trucks International Operation SBU a. To get the brief knowledge about the whole organization structure 2.
To discuss about the various activity carried by the every department in the organization 3. To study the advertisement effectiveness in tvs motors. It consists of three steps: Pose a question, collect data to answer the question, and present an answer to the question.
Primary data: The data collected for the first time by the researcher is called primary data ii. Secondary data: The data collected by the review of literature and the other methods already available is called as secondary data. As it has been Mentioned earlier that it is a sole proprietary concern, followed by one Manager, one workshop in charge, one supervisor, one spare part in charge, one receptionist. Under the workshop in charge there are two skilled mechanics and two mechanics cum electricians and under each of them there are two helpers.
Recognized and established brand name 3. Effective advertising capability Weakness 1. They have big gap between cubic capacities of its products. Its market share is reducing from last few years. Bikes are not attractive as compare to there competitors. Opportunities 1. Global expansion 2. Expansion of target market include women 3. Book keeping procedures. Creating a balance sheet and profit and loss account. Providing management information. Management of wages. Raising of finance. Brief description of terms of reference: The Audit Committee of the Company is entrusted with the responsibility to supervise the Company's internal control and financial reporting process and inter alia performs the following functions: a.
Over viewing the Company's financial reporting process and the disclosure of financial information. Reviewing with the management quarterly and annual financial statements before submission to the board for approval with particular reference to the matters specified in the Listing Agreement. Discussing the nature and scope of audit including internal audit prior to the commencement of the audit and areas of concern, if any, arising post audit. Reviewing the reports of internal auditors and ensuring that adequate follow-up action is taken by the management on observations and recommendations made by the internal auditors.
Reviewing the findings of any internal investigations by the internal auditors into matters of suspected fraud or irregularity or a failure of internal control systems, of a material nature, if any. Reviewing with the management, the annual financial statements before submission to the board, in particular: 1. Any change in accounting policies and practices; 2. Major accounting entries passed, based on exercise of judgment by management; 3.
Significant adjustments arising out of audit; 4.
Compliance with accounting standards; and 5. Disclosure of contingent liabilities.
Approving the appointment of the Chief Financial Officer after assessing the qualifications, experience, background, etc. In addition, reviewing of such other functions as envisaged under Section A of the Act and clause 49 of the Listing Agreement with Stock Exchanges. Personnel Department 3.
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He performs both Managerial and operative functions of management. His role can be summarized as: 1 Personnel manager provides assistance to top management the top management are the people who decide and frame the primary policies of the concern. All kinds of policies related to personnel or workforce Can be framed out effectively by the personnel manager.
He tries to solve them in best of his capacity. He represents company in training programs Functions of Personnel Management Following are the four functions of personnel management 1. Manpower planning 2. Recruitment 3. Selection 4. Training and Development Personnel functions The term personnel department refers to the function of the organisation that is responsible for the management and motivation of people in the workplace.
Increasingly today the term Human Resource Management has come to replace personnel - because personnel management is seen as an old fashioned way of managing people, giving priority to organisational rather than individual development needs. Typically personnel work is concerned with: 1. The recruitment and selection of new employees, e.
The induction of new employees where they are introduced to the company, and aspects of the job they will be doing as well as essential requirements such as health and safety training. Training and development. Training focuses on the needs of the organisation whereas development is more concerned with identifying and meeting the needs of individual employees.