Our objective is to create conducive work climate which will result in reducing the
attrition rate among our staff and workers. To encourage our workforce to put in
longer tenure we implemented the following measures.
Effective from 1978 onwards all our agreements with the workers union were made
productivity linked. Conscious efforts were made to mitigate the fiscal burden
arising out of increase in wage costs. We decidedly relied on improved
productivity and desisted the temptation of resorting to the shortcut
methodology of passing it on to our end customers by seeking price rise. All the
ensuing eleven agreements were negotiated and finalized by adhering to this
We achieved tangible results in our production output. The visible result can be
seen by simple comparison. In the year 1978, one fitter was assembling one
engine in shift that now stands increased to 14 engines per worker/shirt.
To achieve the desired end results we have made significant investments aimed at
improving the production systems and processes to facilitate higher
productivity. By implementing scientific work and movement methods we were able
to save 2 man hours per worker /per shift. It has been gifted to the work force
by way of incentive.
To earn loyalty and create genuine sense of belonging we instituted and started
a new tradition of celebrating Founders′ Day On August 5th from the year 1980
onwards. On this day, all our workers, staff, and their immediate family
including children, are felicitated
To avoid financial hardships, Workers Cooperative Society was started in 1984.
Right from Managing Director everybody contributes 5% of the monthly income.
To meet unforeseen financial difficulties such as illness, flood, earth quake or
any other natural calamity, The Workers Welfare Fund was started in 1995. Their
emergency financial needs are met on very simple interest rate of 2% per annum.
Since last year we have started Canteen which provides facility of breakfast and
lunch at heavily subsidized rates. With the starting of this facility the family
members are relieved from the burden of preparing lunch boxes very early in the
morning and everybody enjoys freshly prepared, nutritionally balanced hot meals.
On the eve of Golden Jubilee which was celebrated on 5th August 2010 on the
basis of the duration of their services, everyone was given Fixed Deposit
receipts starting from Rs. 10,000/- to 40,000/- which will be returned after a
period of four years. The rate of interest payable was 21% p.a. to be disbursed
every year. On completion of four years principle amount between Rs. 10,000/- to
40,000/- is to be released.
We annually reward rank performing children and encourage them in pursuing their
academic careers. We have an ongoing Internship Program wherein the student of ITI
and similar institutes are offered practical training in the fields of several
engineering disciplines such as Production Engineering, Tool Room, R&D, and also
developing skills in professions like welding, lathe operation, etc.