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PROJECT

The project report focuses on a departmental study conducted at Grasim Industries Ltd, specifically in the chemical division, as part of the Bachelor of Business Administration program. It includes an introduction to the chemical industry, the company's background, organizational structure, work responsibilities, experiences gained, and challenges faced during the project. The report highlights the significance of the chemical industry in India and its contribution to the economy, along with the achievements of Grasim Industries.

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Nivesh Patel
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0% found this document useful (0 votes)
39 views42 pages

PROJECT

The project report focuses on a departmental study conducted at Grasim Industries Ltd, specifically in the chemical division, as part of the Bachelor of Business Administration program. It includes an introduction to the chemical industry, the company's background, organizational structure, work responsibilities, experiences gained, and challenges faced during the project. The report highlights the significance of the chemical industry in India and its contribution to the economy, along with the achievements of Grasim Industries.

Uploaded by

Nivesh Patel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 42

PROJECT REPORT

ON
“DEPARTMENTAL STUDY’’
AT
‘GRASIM INDUSTRIES LTD’
(CHEMICAL DIVISION)

SUBMITTED TO:
‘GRASIM INDUSTRIES (CHEMICAL DIVISION)’

SUBMITTED BY:
SUFI M. YASIN SOYAB

AFFILIATED TO
VEER NARMAD SOUTH GUJARAT UNIVERSITY,
SURAT
IN PARTIAL FULFILLMENT OF REQUIREMENT
FOR THE DEGREE
OF
BACHELOR OF BUSINESS ADMINISTRATION

UNDER THE GUIDENCE OF:


Dr. RONAK MEHTA
DECLARATION

I, SUFI M. YASIN SOYAB, the student of SHREE MANILAL KADAKIA COLLEGE


OF MANAGEMENT AND COMPUTER STUDIES, ANKLESHWAR, affiliated to Veer
Narmada South Gujarat University, Surat, hear by declare that project report is a result of
culmination of my sincere efforts.

I declare that this submitted work done solely by me and to the best of my knowledge.

I also declare that all the information collected from various primary and secondary sources
has been mentioned in the project report.
PREFACE

Management is an essential ingredient in every organized endeavor. Successful management


of complex organization employing sophisticated technology & skilled personnel cannot be
possible through intuition trial and error

On extreme of the competitive environment the higher degree of excellence in management is


not a unilateral phenomenon, indeed it is the deepest touch to sense the fundamental of the
management with the stewardship. There is lot of tough way in study but by using soft
sentiments it is somehow easy to understand their vision and how they are

PAGE NO:1
ACKNOWLEDGEMENT

I take the opportunity, while presenting this project, to express my deep gratitude to all those
who offered their valuable help and time to help me to complete the "Project" successfully. A
number of people provided me their assistance, encouragement, and enthusiasm. Without
them this project would not have been possible.
I am sincerely thankful to MR. Nandan Mehandale for allowing me to complete my project
on departmental study on Grasim Industries Limited. I am also thankful to my faculty guide
Dr. Ronak Mehta of the Kadakia collage of Computer science and Management, BBA
Program and other lecturers of our college for inspiring me to take the knowledge in the
Grasim Industries Limited.
I would like to thank Kadakia collage of Computer science and Management, and Grasim
Industries Limited, Vilayat for giving me the opportunity to work for such a project. I got a
chance to put all my classroom theories and practices for understanding and analyzing the
working of the real industrial scenario.

PAGE NO:2
INDEX

CHAPTER SUBJECT PAGE.NO

1. INTRODUCTION 04 to 08
OF INDUSTRY

2. INTRODUCTION 09 to 15
TO COMPANY

3. ORGANISATIONAL 16 to 27
STRUCTURE OF
THE COMPANY

4. DESCRIPTION OF 28 to 30
WORK
RESPONSIBILITIES
TAKEN

5. EXPERIENCE 31 to 34
GAINED AND
PROBLEMS FACED

6. CONCLUSION 35 to 37
AND
BIBLIOGRAPHY

PAGE NO:3
CHAPTER:1

INTRODUCTION OF INDUSTRY

PAGE NO:4

INTRODUCTION TO CHEMICAL INDUSTRY


India is the sixth largest producer of chemicals in the world and contributes 3.4% to the
global chemical industry. The chemicals industry is a knowledge intensive as well as capital
intensive industry. It includes basic chemicals and its products, petrochemicals, fertilizers,
paints, varnishes, gases, soaps, perfumes, toiletry and pharmaceuticals. The diversification
within the chemical industry is large and covers more than 80,000 commercial products. The
industry is the main stay of industrial and agricultural development and provides building
blocks for several downstream industries, such as textiles, papers, paints, varnishes, soaps,
detergents, pharmaceuticals, etc.

The production of Total Major Chemicals and Petrochemicals in 2019-20 (up to September
2019) was 13,871 thousand MT. Total Chemicals and Petrochemicals registered a CAGR of
4.78% in production during the period 2014-15 to 2018-19. The current per capita
consumption of chemical products in India is one-tenths of the global average indicating that
demand has potential to grow due to rising population, and increasing disposable income.

The demand for credit in India’s Chemicals sector is largely dependent on bank credit due to
its capital-intensive nature of operations. As of FY20, the metals sector contributes 6.4% or
USD 27 billion (INR 2,056.6 billion) of the total credit outstanding under Industrial category
in India. Furthermore, Chemical sector has a Gross NPA of 6.9% of total advances during
FY-20, which is the lowest among the total industrial credit in India during the same period.
Good repayment track and the healthy overall total shareholder returns, along with large
capacity addition plans on account of lower tax and the Government policy support bode well
for the bank credit growth towards Indian chemicals industry.

Sodium hydroxide, also known as lye and caustic soda,[1][2] is an inorganic compound with
the formula NaOH. It is a white solid ionic compound consisting of sodium cations Na+ and
hydroxide anions OH.
As one of the simplest hydroxides, sodium hydroxide is frequently utilized alongside neutral
water and acidic hydrochloric acid to demonstrate the pH scale to chemistry students.

PAGE NO:5

POSITION OF CHEMICAL INDUSTRY


 At World Level:

Chemicals made on the largest of scales are made in a few manufacturing locations
around the world, for example in Texas and Louisiana along the Gulf Coast of the
United States, on Teesside (United Kingdom), and in Rotterdam in the Netherlands.
The large-scale manufacturing locations often have clusters of manufacturing units
that share utilities and large-scale infrastructure such as power stations, port facilities,
road and rail terminals. To demonstrate the clustering and integration mentioned
above, some 50% of the United Kingdom's petrochemical and commodity chemicals
are produced by the Northeast of England Process Industry Cluster on Teesside.

Specialty chemical and fine chemical manufacturing are mostly made in discrete
batch processes. These manufacturers are often found in similar locations but in many
cases, they are to be found in multi sector business parks.

In the U.S. there are 170 major chemical companies. They operate internationally
with more than 2,800 facilities outside the U.S. and 1,700 foreign subsidiaries or
affiliates operating. The U.S. chemical output is $750 billion a year. The U.S. industry
records large trade surpluses and employs more than a million people in the United
States alone. The chemical industry is also the second largest consumer of energy in
manufacturing and spends over $5 billion annually on pollution abatement.

In Europe, the chemical, plastics, and rubber sectors are among the largest industrial
sectors. [citation needed] Together they generate about 3.2 million jobs in more than
60,000 companies. Since 2000 the chemical sector alone has represented 2/3 of the
entire manufacturing trade surplus of the EU.

In 2012, the chemical sector accounted for 12% of the EU manufacturing industry's
added value. Europe remains world's biggest chemical trading region with 43% of the
world's exports and 37% of the world's imports, although the latest data shows that
Asia is catching up with 34% of the exports and 37% of imports. Even so, Europe still
has a trading surplus with all regions of the world except Japan and China where in
2011 there was a chemical trade balance. Europe's trade surplus with the rest of the
world today amounts to 41.7 billion Euros.

PAGE NO:6

Over the 20 years between 1991 and 2011, the European Chemical industry saw its
sales increase 295 billion Euros to 539 billion Euros, a picture of constant growth.
Despite this, the European industry's share of the world chemical market has fallen
from 36% to 20%. This has resulted from the huge increase production and sales in
the emerging markets like India and China
The data suggest that 95% of this impact is from China alone. In 2012 the data from
the European Chemical Industry Council shows that five European countries account
for 71% of the EU's chemicals sales. These are Germany, France, United Kingdom,
Italy and the Netherlands.

The chemical industry has seen growth in China, India, Korea, the Middle East, South
East Asia, Nigeria and Brazil. The growth is driven by changes in feedstock
availability and price, labor and energy costs, differential rates of economic growth
and environmental pressures.

 At India Level:

The chemical industry of India is a major contributor to the Indian economy,


contributing 7% of the country's Gross Domestic Product (GDP). India's chemical
industry ranks as sixth largest in world, and third in Asia. The value of the chemical
industry in India was estimated at 100 billion dollars in 2019. The chemical industry
of India generates employment for five million people.

The Indian chemical industry produces 80,000 different chemical products. India was
also the third largest producer of plastic in 2019. As of September 2019, the alkali
chemical industry produced 71% of all chemicals produced in India.

India's chemical industry accounts about 14% of production in Indian industries.


The India chemical industry is divided into six sub-segments. These sub-segments are
Basic Organic Chemicals, Specialty Chemicals, Chlor-alkali, Pesticides, Dyestuff,
and alcohol-based chemicals. India is a major producer of basic organic chemicals.
The Indian chemical industry mainly produces basic types of chemicals as well as
knowledge type chemicals and specialty type chemicals as of 2018.In India, Gujarat
was the largest state contributor to the chemical industry of India in 2018.India also
produces products related to petrochemicals, fertilizers, paints, varnishes, glass,
perfumes, toiletries, pharmaceuticals, etc.

PAGE NO:7

 At Gujarat Level:
Gujarat State Fertilizers & Chemicals Limited (GSFC) is an Indian manufacturer of
fertilizers and Industrial Chemicals. GSFC was founded in 1962. Oil and gas
discovered in Bombay High and South Basin triggered the birth of 8 new generation
fertilizer plants to fulfill the growing food needs of India.

The company is listed on the Bombay Stock Exchange with the Security Code
500690, and as at 7 August 2021, it had a market capitalization of Rs 4840 crore.
GSFC maintains its headquarters in Vadodara in the state of Gujarat, on the
Ahmedabad Vadodara Expressway. Its manufacturers plastics, nylons, fibers,
industrial gases and varied chemicals including urea, ammonia, ammonium sulfate,
sulfuric acid, phosphoric acid & diammonium phosphate, Caprolactam, Melamine,
Methanol.

In 1976, GSFC entered into a joint venture with the State Government of Gujarat by
setting up a plant in Bharuch which trades as Gujarat Narmada Valley Fertilizers &
Chemicals Limited.

IMPORTANCE OF CHEMICAL INDUSTRY

Chemical Industries are the prime factors to convert the raw materials into desired
products that we use in our day-to-day life. ... Food Industry thrives for the reason,
that the preservatives not only help them to maintain the quality of the food, but also
helps them to import food to different parts of the world.

Chemical Industries are the prime factors to convert the raw materials into desired
products that we use in our day-to-day life. This has brought a tremendous change in
the way the things operate. It is very important for us to understand the importance of
the chemical industry which has touched all our facets of life like Agriculture,
Environment, Food, Hygiene, Décor, and Transportation …etc. It has also
significantly used in re-cycling industries to curb the usage of virgin products. Re-
cycling helps a lot in utilizing the waste materials, and gives one more life-cycle for
the products.

Chemicals play a major role in our food. The preservatives, taste enhancers and flavors help
the food to be palatable and increase the shelf life. Food Industry thrives for the reason, that
the preservatives not only help them to maintain the quality of the food, but also helps them to
import food to different parts of the world.
PAGE NO:8
CHAPTER:2

INTRODUCTION TO COMPANY

PAGE NO:9

GRASIM INDUSTRIES LIMITED


Grasim Industries Limited was incorporated in 1947; Grasim is the largest exporter of
Viscose Rayon Fiber in the country, with exports to over 50 countries. Grasim is
headquartered in Nagda, Madhya Pradesh and also has plants at Kharach (Kosamba,
Gujarat), Bharuch (Vilayat GIDC, Gujarat) and Harihar, Davangere in the state of
Karnataka

Indo-Thai Synthetics Company Ltd was incorporated in 1969 in Thailand, started


operations in 1970, this was Aditya Birla Group's first foray into international
venture. Aditya Birla Group incorporated P.T. Elegant Textiles in 1973 in Indonesia.
Thai Rayon incorporated in 1974, this was the second company in Thailand, operating
in Viscose Rayon Staple Fiber. Century Textiles Co. Ltd. is taken over by Aditya
Birla Group in 1974; this company is a weaving and dyeing plant manufacturing and
exporting variety of synthetic fabrics. PT Sunrise Bumi Textiles incorporated in 1979,
it produces yarn exported over 30 countries in 6 continents. P.T Indo Bharat Rayon
incorporated in 1980 produces Viscose Staple Fiber in Indonesia. Thai
Polyphosphates and Chemicals was started in 1984 in Thailand to produce Sodium
Phosphates, and has merged with Thai Epoxy and Allied Products Company Limited
(1992), Thai Sulphites and Chemicals Company Limited (1995) to form Aditya Birla
Chemicals Ltd. This company supplies to sectors such as food, textiles, electrical and
electronics, composites, leather, plastics and automobiles. PT Indo Liberty Textiles
was incorporated in 1995 to manufacture synthetic spun yarn.

In late 1990s and later, the focus was the textile business following the end of Multi-
Fiber Arrangement (MFA).

AV Cell Inc., a joint venture between Aditya Birla Group and Tembec, Canada,
established operations in 1998 to produce softwood and hardwood pulp for the
purpose of internal consumption among different units of the Group.
Together, Grasim Industries Ltd. and Tembec, Canada acquired AV Nackawic Inc.,
which produces dissolving pulp. Grasim Industries Ltd. Supplies Viscose Staple Fiber
(VSP). The Aditya Birla Group's VSF manufacturing plants are in Thailand,
Indonesia, India and China.
PAGE NO:10
The Group's VSF business operates through its three companies – Grasim Industries
in India, Thai Rayon Corporation in Thailand and Indo Bharat Rayon in Indonesia,
which also oversees its Chinese operations at Birla Jingwei Fibers, China.

In 2003, its Chemical Division was awarded the "Best of all" Rajiv Gandhi National
Quality Award.

LOCATION

GRASIM INDUSTRIES (CHEMICAL DIVISION)


VILAYAT, BHARUCH
GUJARAT-392001

PASGE NO:11
PRODUCTS
ANHYDROUS SODIUM SULPHATE (NA2SO4)

PAGE NO:12

ACHIEVEMENTS AND AWARDS

1993 RAJIV GANDHI NATIONAL QUALITY


CAUSTIC AWARD
SODA
1995 JAMNALAL BAJAJ UCHIT VYAVAHAR
PURASKAR FOR BUSINESS PRACTICES
1998 THE RAMAKRISHNA BAJAJ NATIPNAL
QUALITY AWARD
1999 BEST PRODUCTIVITY AWARD BY THE
NATIONAL PRODUCTIVITY COUNCIL
2000 BEST ENERGY EFFICIENT UNIT AWARD BY
CII
2004 GRASIM RECEIVED THE FICCI ANNUAL
AWARD IN RECOGNITION OF CORPORATE
INITIATIVE IN RURAL DEVELOPMENT
2005 ENVIRONMENTAL AND ECOLOGICAL
GOLD AWARD BY GREENLAND SOCIETY
2018 GOLDEN PEACOCK AWARD FOR BUSINESS
EXCELLENCE
IT HAS BEEN RANKED #205 IN LIST OF
“GLOBAL 2000-GROWTH CHAMPIONS 2018”
BY FORBES MAGAZINE, USA

PAGE NO:13

BOARD OF DIRECTORS

CHAIRMAN: Mr. KUMAR MANGALAM BIRLA

NON-EXECUTIVE DIRECTOR:
Mrs. RAJASHREE BIRLA
MANAGING DIRECTOR:
MR. DILIP GAUR

NON-EXECUTIVE DIRECTOR:
Dr. SANTRUPT MISRA

NON-EXECUTIVE DIRECTOR:
MR. SHAILENDRA K. JAIN

INNDEPENDENT DIRECTORS:
MS. ANITA RAMACHANDRAN
MR.N. MOHAN RAJ
MR. CYRIL SHROFF
DR. THOMAS M. CONNELLY Jr
MR.V. CHANDRASEKARAN
PAGE NO:14

CHIEF FINANCIAL OFFICER:


MR. ASHISH ADUKIA

COMPANY SECRETARY:
MR. SAILESH KUMAR DAGA

BUSINESS HEADS:
MR. DILIP GAUR
(FIBRE AND PULP)
JAYANT V DHOBLEY
(BUSINESS HEAD, CFI)

MR. THOMAS VARGHESE


(TEXTILES)

MR. SUNIL KULWAL


(FERTILISERS)

MR.K.C. JHANWAR
(CEMENT)

MR. AJAY SRINIVASAN


(FINANCIAL SERVICES)
PAGE NO:14

COMPANIE’S MOTO

1)INTEGRITY: Honesty in every action


2)COMMITMENT: Deliver on the promise
3)PASSION: Energized action
4)SEAMLESSNESS: Boundary less in letter and
Spirit
5)SPEED: One step ahead always
ACHIEVE GOALS OF ZERO

ACHIEVE GOAL OF
ZERO

ZERO SAFETY ZERO


ENVIRONME
AND HARM TO
-NTAL
POLLUTION
INCIDENTS HEALTH

PAGE NO:15

CHAPTER:3
ORGANIZTIONAL STRUCTURE
OF THE COMPANY

PAGE NO:16

1. HUMAN RESOURCE DEPARTMENT

DEFINATION: -

 HUMAN RESOURCE MANAGEMENT is the planning, organizing, directing


and controlling of the procurement, development, compensation,
integration, maintenance and separation of human resources to the end
that individual, organizational and social objectives are accomplished.
 “He defined HRD as those learning experience which are organized, for a
specific time, and designed to bring about the possibility of behavioral
change”
- Leonard Nadler

 Human resource development is the across of increasing knowledge,


capabilities and positive work attitudes of all people working at all levels
in a business undertaking.
- M.M KHAN

DEFINATION OF HR DEPARTMENT: -

 Human Resource Department's mission is to make sure the company's


employees are adequately managed, appropriately compensated, and
effectively trained. The department is also responsible for recruiting,
hiring, and administering benefits.

PAGE NO:17
PAGE NO:18

FUNCTIONS OF HR DEPARTMENT: -

 HUMAN RESOURCE PLANNING


 RECRUITMENT AND SELECTION
 PERFORMANCE MANAGEMENT
 LEARNING AND DEVELOPMENT
 CAREER PLANNING
 FUNCTION EVALUATION
 REWARDS
 INDUSTRIAL RELATIONS
 EMPLOYEE PARTICIPATION AND COMMUNICATION
 HEALTH AND SAFETY
 PERSONAL WELBEING
 ADMINISTRATIVE RESPONSIBILITIES

ORGANISATIONAL STRUCTURE OF HR DEPARTMENT

UNIT
UNITHEAD
HEAD

HR(VP)

DEPUTY(GM GM MANAGER
)

HR ADMIN

COTRACT
RECRUITMENT SALARY MEDICAL ATTENDENCE PF LABOUR

PROCESS OF RECRUITMENT IN GRASIM INDUSTRIES LTD

 INTERNAL RECRUITMENT SYSTEM(IRS)


 CONSULTANT AND JOB PORTALS

1) SHARE PROFILES TO CONCERN DEPARTMENT


2) CONDUCT INTERVIEW
3) COLLECT FEEDBACK
4) SALARY NEGOTIATION
5) REFERENCE CHECK
6) MEDICAL
7) FINAL JOINING
8) JOINING FORMALITIES
9) INDUCTION

PAGE NO:19

2. MARKETING DEPARTMENT

DEFINATION: -

 Marketing Department plays a vital role in promoting the business and


mission of an organization. It serves as the face of your company,
coordinating and producing all materials representing the business. It is
the Marketing Department's job to reach out to prospects, customers,
investors and/or the community, while creating an overarching image that
represents your company in a positive light.

 Marketing is a social and managerial process by which individuals and


groups obtain what they need and want through creating and exchanging
products and value with other.

- PHILIP KOTLER

 Marketing management is the process of increasing the


effectiveness/efficiency by which marketing activities are performed by
individuals or organizations.

- BEN M. EN
 Marketing is concerned with the people and activities involved in the
flow of goods and services from producer to consumer.

- American Marketing Association

 Marketing is the process of discovering and translating consumer needs


and wants into product and service specifications, creating demand for
these products and services and then in turn expanding this demand.
PAGE NO:20

FUNCTIONS OF MARKETING DEPARTMENT

 PRODUCT MANAGEMENT
 MARKETING INFORMATION MANAGEMENT
 PROMOTION
 PRICING
 DISTRIBUTION
 FINANCING
 SELLING
ORGANIZATIONAL STRUCTURE OF MARKETING DEPARTMENT

UNIT HEAD

GENERAL
MANAGER

LIQUID GAS(CHLORINE/HYDROGEN) DISPATCH

DRY EXPORT

PAGE NO:21

MARKETING MIX OF GRASIM INDUSTRIES

1. PRODUCT
2. PRICE
3. PROMOTION
4. PLACE

1.PRODUCT: -
Its chemicals department produces Rayon grade caustic soda, Epoxy, stable bleaching
powder (SBP) used poly aluminum chloride (PAC) used in effluent treatment; and Chloro
sulphuric acid, used in vinyl sulphate. Grasim produces the raw material that are used in dyes
and intermediates, saccharin, drugs and pharmaceuticals. It produces CSL (Caustic Soda Lye)
and from this it’s by products are made which are HCL, HYDROGEN, CHLORINE, HYPO.
These chemicals are very harmful to human health so company produces VAP (Value Added
Products) because if company uses those harmful chemicals its reputation will get damaged
and some VAP products are PAC, CPW, ALCP, CACL2, CPGP, SCO AND CMS.
2.PRICE: -
Grasim has a diverse product range and hence a wide pricing range. Prices of its varied
products are priced differently in its marketing mix as they are catering to different segments.
Mostly Grasim uses competitive pricing strategy to attract their customers. The prices of
products are decided by marketing department of company. Grasim industries Caustic Soda
Flakes current price is ₹36/kg and Aditya Birla Caustic Soda Flakes current price is ₹29/kg.

3.PLACE: -
The products of Grasim industries are available all over India. Grasim industries given a PAN
(Presence Across Nation) mark. Presence Across Nation and is operating or available at every
possible location. A mark of PAN India is given to an organization or firm or company if
their entity or branches are spread across every state and their customers can avail of their
services from anywhere in India. The products are distributed all over India and are also
export to other companies like USA, UK etc.

4.PROMOTION: -
Grasim uses mass media and above the line activities extensively in its marketing mix.
Grasim uses hoardings and billboards in strategic locations. It also does sales promotions and
discounts to its B2B customers which are part of negotiations. Grasim Industries is a well-
established and recognized company so it doesn’t need to do more promotion because it has a
very good reputation in market so their customers contact them when they want product.

PAGE NO:22

3.FINANCE DEPARTMENT

DEFINATION: -

 Finance Department is the part of an organization that is responsible for acquiring


funds for the firm, managing funds within the organization and planning for the
expenditure of funds on various assets. It is the part of an organization that ensures
efficient financial management and financial control necessary to support all business
activities.
 “The activity concerned with planning, developing, managing, administering and
increasing of the capital used for business purposes is known as finance”.

- Guthumann and Dougall

 “The term finance comes from the Latin “finis” which means end or finish. Its
implications affect both individuals and businesses, organizations and states it has to
do with obtaining and using or money management.”

- Ivan Thompson

 “The overall assessment, acquisition, and conversation of capital funds to accomplish


important objectives of a business enterprise including the financial requirement is
called business finance”

- Wheeler

FUNCTIONS OF FINANCE DEPARTMENT: -

1. BOOKKEEPING
2. MANAGEMENT OF COMPANY’S CASH FLOW
3. BUDGETING AND FORECASTING
4. MANAGEMENT OF TAXES
5. MANAGEMENT OF COMPANY’S INVESTMENT
6. FINANCIAL REPORTING AND ANALYSIS
7. ASSISTS MANAGERS IN MAKING KEY STRATEGIC DECISIONS

PAGE NO:23

ORGANIZATIONAL STRUCTURE OF FINANCE DEPARTMENT

FINANCE
HEAD

SECTION SECCTION HEAD SECTION


HEAD(A/C) (MISCELLANEOUS) HEAD(TAXATION)
)
OFFICER.2)

ASSISTANT

OFFICER.1)

PAGE NO:24

HOW DO GRASIM INDUSTRIES KEEP THEIR FINANCIAL


RECORDS?

 Grasim Industries use two types of methods to record the financial data of the
company: -

1. DMS System
2. Manual Recording

1.DMS System: - A document management system (DMS) is a system used to receive,


track, manage and store documents and reduce paper. Most are capable of keeping a record of
the various versions created and modified by different users (history tracking). In the case of
the management of digital documents such systems are based on computer programs.
2.Manual Recording: - A manual system is a bookkeeping system where records are
maintained by hand, without using a computer system. Instead, transactions are written in
journals, from which the information is manually rolled up into a set of financial statements.

Grasim Industries uses certain strategies to reduce the cost of the company

1. Cost Focused Approach: - One of the lowest cost producer of chemicals globally,
they have achieved it through backward integration of key input materials. They
continue to target fixed costs through multiple cost optimization measures. Their
plants are deployed with state-of-the-art technology, which provides operational
efficiencies leading to lower costs and benchmark quality.

2. Return-Based Approach: - Competitive cost of production and value-added product


mix in the portfolio led to better margin profile and higher ROCE. They focus on
providing resources to their growing business in such a way that they can generate
adequate return and therefore reduces their costs.

3. Waste water management: - Grasim Industries (chemical division) water


management technique is that waste water which is generated while producing their
chlorine is than processed and then that processed water is send to their (Fiber plant)
in that their processed water is used in making fiber products which saves lots of cost
of using water and also not use too much of water which saves environment.

4. Low Advertisement cost: - Grasim Industries are very popular and in demand
company so they do not need to advertise too much of their products. They use Media
to advertise their products which saves lot of marketing cost and is very effective too.

PAGE NO:25

4. IT DEPARTMENT

DEFINATION: -

 An IT department (information technology) is the department within an organization


charged with establishing, monitoring and maintaining information technology
systems and services, and with strategic planning around current and future IT
initiatives.
 The IT department ensures that the organization's systems, networks, data and
applications all connect and function properly. The IT team handles three major areas:

1. Deploys and maintains business applications, services and infrastructure


(servers, networks, storage).
2. Monitors, Optimizes and Troubleshoots the performance of applications,
services and infrastructure.
3. Oversees the security and governance of applications, services and
infrastructure.

Major Roles of IT Department of Grasim Industries (Chemical division): -

1. Data Management through SAP System


2. Network Infrastructure Management
3. Support to Internal Customers/Call Management

1.Data Management through SAP System: -SAP (System Application Product) is a


widely-used enterprise resource planning (ERP) software SAP creates a centralized system
for businesses that enables every department to access and share common data to create a
better work environment for every employee in the company.

2.Network Infrastructure Management: - It involves managing both the hardware and


software systems within your IT infrastructure, including computers, servers, security
platforms, routers, and more to enable a smooth flow of business processes.

3.Support to Internal Customers/Call Management: - IT Department supports the


internal customers by keeping direct contact with them.

PAGE NO:26

ORGANIZATIONAL STRUCTURE IT DEPARTMENT

IT HEAD

DEPARTMENT
HEAD (IT)
FLO (IT)

SITE ENGINEERS

IT TECHNOLOGY AND MACHINES USED IN IT


DEPARTMENT: -

 SOFTWARE SYSTEM: - SAP system is used in Grasim Industries (Chemical


Division) to record transactions related to Raw Materials to Finished Goods. Some
advantages of SAP System are listed below:

1. Saves Money and Time


2. Get instant access to real-time information
3. Make smarter and faster decisions based on data from the software’s reporting
tools
4. Share information across all business units and eliminate data inconsistency
with a single data source
5. Track all transactions across the organization from start to finish

 MACHINES USED IN IT DEPARTMENT: -

1. SERVER 3. LAPTOPS 5. SWITCHES


2. ROUTER 4. PRINTER
PAGE NO:27

CHAPTER: - 4
DESCRIPTION OF WORK RESPONSIBILITIES
TAKEN

PAGE NO:28

DESCRIBE THE DEPARTMENT YOU WORKED IN

 Chemical engineers are responsible for the chemical, biochemical and physical
processes and 1nachinery used to transform raw materials into valuable products.

 Chemical engineers (or process engineers) are responsible for developing new
industrial processes and designing new process plants and equipment or modifying
existing ones. The processes that they come up with are used to create products
ranging from Chlorine, Caustic soda etc.
 I worked under the guidance of MR. NANDAN MEHANDLE he works in HR
DEPARTMENT and he is the section head of HR Department.

 As a section head he looks after operations of the company and as a part admin he
also keeps all the reports of the employees and all HR Department needs to approve
all work which they do.

 He works closely with HR department of the company and has all responsibilities to
let the visitors get in and if any problems faced by any employee, he solves it.

 I had brief talk with every department head of HR Department, Marketing


Department, Finance Department, IT Department and they acknowledged me about
their company.

 I learnt how they work in HR department, Marketing department, Finance department,


IT department and also learned which technology they use and how they operate.

 I First talked with HR department and I took information about their department from
different employees who are assigned the work like. Firstly, I had a talk with the
person who manages and keeps records of Attendance. Secondly, I had talk with the
person who manages and has responsibility of recruitment, Thirdly I had talk with the
person who manages and has responsibility of salary and they all provided me the
information what I needed.

 I also took information from Finance department and I had talk with Section head of
finance department and he acknowledged me with the different information about his
department. He also gave information about how they record the finance flow of the
company

 I also took information from Marketing department and had a talk with one of the
officers of marketing department. He explained me how they do marketing and also
provided me information about product, price, promotion and place of company.
 I also had a talk with the officer of IT department and he helped me to get information
about what system them use and what are their responsibilities.
PAGE NO:29

JOB DESCRIPTION

 All the jobs are divided amongst different personally.

Unit head of chemical division is MR. VIVEK BHIDE and is from finance background.
He is the unit head of Grasim Industries (chemical division).
 In HR department Vice President is MR BASUKI NATH sir.
In HR department Section head is MR NANDAN MEHANDLE sir. He handles all
the admin related work. And the employees who works under him all needs to report
him

 Finance department head is MR. BANWARILAL GUPTA sir. He handles all the
accounts related work and also manages whole finance department and records the
data in DMS system which is installed in all the employee’s computers those who
works under him. The Manual Recording is also done.

 Marketing department head is MR. PADAMANAND PATHAK sir. Here Marketing


department is also called Logistics department. In this department there are different
employees who are given different responsibilities like when product is ready one
employee is given the work of managing the liquid products another is assigned to
manage dry products and another is assigned to manage export related activities and
another one is assigned to manage dispatch of the products.

 IT department head is MR. RAMALAKSHMAN PILLAI sir. In IT department there


are also different employees who works under him like officers who looks whether
the system of plant is working properly or not. There site engineers who works in
their office and they use SAP system to operate whole company. In their office there
are computers in which SAP system is installed and then there is a server room which
operates whole IT department.

 All the department heads need to report all the works which are assigned to them and
their departments to Unit Head who is MR. VIVEK BHIDE then he verifies the work.

PAGE NO:30
CHAPTER:5
EXPERIENCE GAINED AND PROBLEMS
FACED

PAGE NO:31

EXPERIENCE GAINED

 As I go through those four key departments of the company and after interacting with
them, I gained lot of knowledge about how a big company like Grasim Industries
works and how their department works. I interacted and worked with all four major
department and they provided me with sufficient knowledge and how the company
works.

 How the different departments of Grasim Industries (chemical division) works and I
closely observed how the company works. I also learned how they recruit the
employees and how the salary is given and also learned how recruitment is done in
company.

 I also gained knowledge about how HR activities done and how Finance department
keeps their records and how marketing department works and what is their Marketing
Mix and also learned how IT department works and what system they use.

 This visit has provided me with a great knowledge of how a company can run
efficiently. The systems and procedures adopted by the company seem to be most
suited to its requirement and are full proof which is possible due to professional
management and adaptability to changing scenario.

PAGE NO:32

WHAT DID YOU LEARN? HOW WILL THIS EXPERIENCE CAN


HELP IN FUTURE?

 This visit will help me in studying about how a big company like Grasim Industries
works.
 I also studied about how the different departments of the company such as HR,
Marketing, Finance and IT departments works and what are the functions of those
departments and what are the works they do.

 If I get placed in such a big company, I will have some knowledge about those big
company how they work because I have gained some experience from Grasim
Industries which will help me in future.

 I have learned how such a big company works smoothly and how consistent is the
company in its works and profits.

 I also learned how to operate in such a big company and how the corporate world of
company is.

PAGE NO:33

PROBLEMS FACED

 There were not many problems faced by me but due monsoon season few days I could
not reach the company and that did stop my work.
 I did not get much chance to meet the Head of the departments and I hardly got
chance to interact with them because most of the time they were busy with their work
and meetings.

 It was very difficult to get information from the department heads and the employees
did not have the permission to give information.

 Security of the company is very strict and does not allow any visitor to go inside the
company without the permission.

 I was told to wait in waiting area till the department heads comes to company and if
they are in meeting then I had to wait for hours.

 It was really difficult to get information from the departments as they where not
giving me much information.

HOW COULD YOU HAVE DONE YOUR WORK BETTER?

 I could have done one thing that should have done more interaction with department
heads and should have asked everything briefly.

 HR department was very helpful to me because if I had any query then they solved it
and also helped me in getting permission to meet the heads of the departments.

 During my visit I have learned how the company works and how their department
heads work.

 I did not got chance to learn how the records are kept in finance department because it
was confidential.

 I did not got permission to visit the server room because that was also confidential.

 Nothing was possible without the permission of the department heads.

PAGE NO:34
CHAPTER:6

CONCLUSION

PAGE NO:35

CONCLUSION
 Studying of the systems and procedure of a reputed company like “Grasim industries
(chemical division)” was a rare opportunity available to me. I had interacted with
many officials of the company and I found them cooperative and informative.

 During these 15 days, I have visited different departments and came to know how
they are working. This training has provided me with great knowledge of how a
company can run efficiently and how the departments of the company works.

 The systems and procedures adopted by the company seem to be most suited to its
requirement and are full proof which is possible due to professional management and
adaptability to changing scenario. I also firmly believe that with its continuity in
professional approach, adaptability to changing circumstances, the company will
cross many milestones in future.

PAGE NO:36

BIBLIOGRAPHY
 I Took the help of senior’s project which was made by one of our college ex-students
whose name is “Balram Chaurasiya” who made project on company name
“MEGHAMI ORGANICS LIMITED” (GIDC, ANKLESHWAR).

 WEBSITES: -

1) http://www. GrasimIndustries.com
2) http://www.grasimindustries(chemical division) vilyat.com
3) http://www.introduction to chemical industry.com
4) http://www.possition of chemical industry at world level.com
5) http://www.possition of chemical industry at India level.com
6) http://www.possition of chemical industry at Gujarat level.com
7) http://www.importance of chemical industry.com
8) http://www.location of Grasim industry (vilayat) location.com
9) http://www.products of Grasim industries (vilayat).com
10) http://www,achievements and award by Grasim industries(vilayat).com
11) http://www.board of directors of Grasim industries.com
12) http://www.defination of HR department of company.com
13) http://www.definations of HR department of company by different
authors.com
14) http://www.functions of HR department of company.com
15) http://www.defination of Marketing department by different authors.com
16) http://www.functions of Marketing department of company.com
17) http://www.marketing mix of Grasim Industries.com
18) http://www.defination of finance department of company.com
19) http://www.defination of finance department of company by different
authors.com
20) http://www.functions of finance department of company.com
21) http://www.strategies of cost reduction of company.com
22) http://www.defination of IT department of the company.com
23) http://www.major roles of IT department of the company.com

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