You are on page 1of 56

1.

INTRODUCTION
An organizational study encompasses the study of organizations from
multiple viewpoints, methods and levels of analysis. The study has been carried out in
a production industry named Travancore Titanium Product Limited, Trivandrum
(TTPL). TTPL is a public limited company under the State Public Sector with
Government of Kerala owning 80.94% of the shares. Kerala State Industrial
Development Corporation (KSIDC) holds 7.91% and the balance held by the public.
In this industry there are approximately 720 Employees and 110 officers, all work
with the view of improving efficiency, profitability, and competitiveness and maintain
market leadership. The workers age limit is 58 and officers age limit is 60.TTP has
proposals to expand its capacity to 27000 tons per year, modernize and diversify in
stages to produce both Anatase and Rutile Grades of Titanium Dioxide pigment and
the new plants to this connection will be launched during the current year.
Travancore Titanium Products Ltd. was incorporated on 18th December 1946, to
produce pigment grade Titanium Dioxide from ilmenite, which is abundantly
available as placer deposits on beaches near Kollam, in the coastal state of Kerala,
India. The unit was promoted by the princely state of Travancore in collaboration with
the British Titan Products (BTP) Company Limited; U.K (now known as Tioxide
Group limited). The administrative control of the company was with a managing
agency, Indian Titan Products Company.
The company which started production at a modest rate of 5 tons per day increased its
capacity in stages to the present level of 40-45 tons per day. Till recently, Travancore
Titanium Products Ltd. was the only unit producing Anatase grade Titanium Dioxide
pigment, in India.
It is a matter of pride that the manufacture of a rare chemical like Titanium Dioxide
which was confined to highly industrialized nations of the west, was taken up herein
Trivandrum five decades. TTP was the only unit producing this white pigment, not
only in India, but also in the whole of South-East Asia.
The plant has the capacity to produce both Anatase and Rutile grades of Titanium
Dioxide. The plant functions round the clock in 4 shifts.
This report gives an idea about the organization and its functions. The study also
gives clear picture about the different departments of the organization.

1.1 OBJECTIVE OF THE STUDY


 To study the overall performance of the company.
 To understand the actual functioning of the organization.
 To know about the practical application of various learned theories in the
organization.
 To study and analyse organisational structure and the working of various
functional departments of the organisation.
 To conduct PESTLE, SWOT, PORTER‟s FIVE FORCE analysis about the
organization.
INSTITUTE OF MANAGEMENT IN KERALA
1.2 METHODOLOGY OF THE STUDY
This report is prepared on the basis of primary data and secondary data.

 Primary data was collected using the following methods.


1. By informal interviews with the department heads.
2. Discussions with the managerial staff.
3. Personal and direct observation.
 The secondary data was collected from the following source
1. Broachers.
2. Company records and journals.
3. Websites.

1.3 SCOPE OF THE STUDY


 The organizational study carried out at TTP mainly focuses on the major
functional departments and its functioning.
 The study helps to familiarize with the company.
 The study also provides a chance to know about the practical application of
various learned theories in the company.
 The study also gives importance to the welfare of workers and how can we
motivate the workers so utilizing the full potential of them for the success of
the organization.

1.4 LIMITATIONS OF THE STUDY


 Personal bias of the staffs in the company
 The information provided by the people in the organization may not be
complete
 There was a considerable amount of inhibition on part of staff for providing
information.
 An in-depth study or analysis is not feasible in short span of time.
 Being business people they were busy with their own work and therefore they
cannot spend much time for discussion.

1.5 CHAPTERISATION
CHAPTER 1 INTRODUCTION
CHAPTER 2 INDUSTRY PROFILE
CHAPTER 3 COMPANY PROFILE
CHAPTER 4 ORGANISATION STRUCTURE
CHAPTER 5 ANALYSIS
CHAPTER 6 FINDINGS SUGGESTIONS AND
CONCLUSION

INSTITUTE OF MANAGEMENT IN KERALA


2. INDUSTRY PROFILE
Titanium Dioxide (TiO₂) is an organic solid with a number of excellent
physical properties, which make it the principal white pigment of commerce. TiO₂ is
becoming increasingly dominant over rival white pigments such as white lead,
lithopone and zinc white. Its predominance is mainly attributable to three important
physical characteristics, which are a high refractive index, lack of colour and chemical
inertness.

TiO₂ found in nature is invariably coloured due to the presence of impurities


such as iron and other elements. Processing is necessary to produce pure TiO₂.Large
crystals of pure TiO₂ are transparent, but when finely ground to optimal particle size
they are highly opaque. TiO₂ pigments are distinct from coloured pigments because
the latter is characterized by selective light absorption in the visible spectrum.

TiO₂ also exhibits great chemical inertness. It has good heat resistance, with a
melting point of around 1840 °C. TiO₂ is also non-toxic, which has seen it displace
white lead in paints.

TiO₂ is polymorphous, showing three distinct crystalline forms:- rutile,


anatase, brookite. Only rutile and anatase are of importance technically and
commercially. These two modifications of TiO₂ differ in their basic structures and
some physical properties:

1. The refractive index of anatase is slightly less than rutile.


2. Rutile crustal structure modification exhibits greater stability than the anatase
form.
3. Anatase is less abrasive than rutile.

4. Rutile pigments impart greater durability than anatase.

2.1 TiO₂ pigment industry: Product demand


The white pigment Titanium Dioxide accounted for almost two-thirds of
overall production capacity, translating to 3.17 million tons per annum. Furthermore,
TiO₂ also dominates the world market for white pigments, with a 75% share. Its
predominance is mainly due to a combination of excellent physicalproperties, in
particular, a high refractive index, lack of colour and chemical inertness. White
pigment such as white lead, lithopone, zinc sulphide, etc are to a greater extent, being
replaced by TiO₂.

The main industrial consumers of TiO₂ are paints and coatings, plastics and
paper, inks, ceramics, cosmetics, fibres, etc.

2.2 TiO₂ Demand and the World Economy


The onset of global recession in 1989 saw GDP plummets, resulting in
excessive TiO₂ production capacity relative to demand. This left manufacturers with
INSTITUTE OF MANAGEMENT IN KERALA
not only an over-capacity problem but also a product of reduced value. For example,
between 1989 and 1991 the decline in TiO₂ coupled with over optimistic capacity
increases, led to price falls in the US and Germany of 13% and 16% respectively.

Another good indicator of performance of the TiO₂ industry is the „Operating


rate‟. The Operating rate is defined as the percentage of production capacity in use at
any given time. Throughout the 1980‟s, which was seen as golden era by the TiO₂
industry, the world operating rate fluctuated between a healthy 92-97%.However,
with the onset of recession this dropped to a low of 85% in 1991 and more recently
83.5% in 1996.The 1996 rate was attributed to factors such as customer destocking, a
drop in demand for paper and increased competition between manufacturers. These
factors affected a sudden slump in TiO₂ price and ultimately curbed the operating rate.
Industry was evident with the chairman of SCM, one of the leading TiO₂
manufacturer, describing the 1996-operating rate as „devastatingly low‟. The
operating rate usually declines through scaling down or even temporary closure of
plants.
A host of other small manufacturers includes Kemira with production capacity
2,90,000 tons, Ishihara with 1,97,000 tons, Kerr McGee with 1,73,000 tonnes, Bayer
with 1,47,000 tons etc combined accounted for 1,796,000 tonnes representing 43% of
world capacity.

2.3 Major TiO₂ manufacturers in India


1. Kerala Minerals & Metals Ltd, Kollam, Kerala.
2. Kilburn Chemicals Ltd, Tuticorin, Tamil Nadu.
3. Colmack Chemicals Ltd, West Bengal.

2.4 Some TiO₂ manufacturers outside India


1. Shanghai Four-Pole Titanium Industry Co, Ltd, China.
2. Golden Bridge Industries , China.
3. Metal Titanium Co, Ltd, China.
4. HebeiYonGhui Chemicals, Australia.

INSTITUTE OF MANAGEMENT IN KERALA


3. COMPANY PROFILE
Travancore Titanium Products Limited, an ISO 9001:2000 company is a
Public Sector Undertaking under the administrative control of Government of Kerala,
India engaged in the manufacturing and marketing of different grades of Titanium
dioxide pigments. It is situated at Kochuveli, Thiruvananthapuram in the State of
Kerala. It is established for the commercial exploitation of valuable natural resource
called illmenite. This material sand deposit stretches along the sea coast between two
tidal channels between Neendakara in the South and Kayamkulam in the North.
Titanium dioxide can be very economically processed out from this raw material,
illmenite. Travancore Titanium Products is the largest manufacturers and suppliers of
Titanium dioxide (Anatase grade) pigment in India with ISO 9001:2000 certification.
Titanium dioxide is an industrial raw material for textiles, cosmetics, paper, paint,
PVC and plastics, rubber, ink, electronic industries, chemicals, ceramics etc. The
process followed by Travancore Titanium Products Ltd for the production of
Titanium is Sulphate process using Sulphuric acid. In this process finely grind
illmenite is digested with strong sulphuric acid whereby titanium sulphate is produced
which is converted into TiO2 by hydrolysis. The main product of the company is
Anatase grade Titanium dioxide.

3.1 History of the company


Travancore Titanium Products Limited (TTP) is a Public Sector Undertaking
managed by Government of Kerala. It is the first Titanium dioxide manufacturing
company in India. This company was incorporated on 18th December 1946 with
capital Rs.1.7 crores to produce Titanium dioxide from illmenite. The proposal to start
a plant producing Titanium dioxide was first put forward by the then diwan of
Travancore Sir C. P. Ramaswamy Iyer. The illmenite for the production of TiO2 is
found on the beaches at Chavara near Kollam and 65 kms north of the Capital city,
Thiruvananthapuram. The unit was promoted by the then princely state of Travancore
in collaboration with the British Titan Products (BPT) Company Limited; UK (now
known as Tioxide Group Limited).The administrative control of the company was
with a managing agency, Indian Titan Products Company. The company started
production at a modest rate of 5 tons per day, increased its capacity in stages to the
present level of 40-45 tons per day. The company started production in 1951.In 1960,
Government of Kerala undertook the management of Travancore Titanium Products
Ltd owing 80.94% of the shares. Then its production capacity was increased to 10
tons per day. A Sulphuric acid plant was also installed in the same year. In 1963, the
capacity of Titanium dioxide produced was further increased to 18 tons per day with a
commensurate addition to the sulphuric acid production also. A major expansion was
undertaken and completed with Rs.140 crores in 1973, when the production capacity
of Titanium dioxide plant was increased to 45 tons per day (15000 tons per annum). A
third acid plant started production with a capacity of 300 tons per day in the same
year. A new pollution controlled Sulphuric acid plant was established and started
production in 1996 which utilizes the tail gas recycling DCDA (Double Catalysis
Double Absorption) technology. The alkali scrubbing system incorporated there in
helps to keep sulphur dioxide emissions well within permissible limits and helps in

INSTITUTE OF MANAGEMENT IN KERALA


maintaining a clean environment. The Company started its first expansion programme
in 1957 for doubling the annual production was commissioned on 29th March 1996

3.2 Governing body of TTP


TTP is governed by the Board of Directors consisting of six members.

1. Managing Director
2. Executive Director
3. Principal Secretary of Industries Department-Chairman
4. Additional Secretary of Finance Department
5. Secretary of Industries Department
6. Government representative.

Period of board depends on the government decision. The Government of Kerala


appoints Managing Director on deputation for a period of 3 years. Managing Director
heads TTP Ltd.

3.3 Strategic Intent

3.3.1 Vision of TTP


To be the largest producer of Titanium dioxide products and the most
preferred supplier

3.3.2 Mission of TTP


To ensure customer satisfaction by continuously improving product quality
and to earn a reasonable profit

3.3.3 Quality policy of TTP


To achieve customer satisfaction through continuous improvement of
processes, products, and human resource and by providing effective customer
service

3.3.4 Quality Objectives

 Customer Satisfaction
 Continuous improvement of process and product
 Human resource development

 Better and safe working environment


 Caring for the community

INSTITUTE OF MANAGEMENT IN KERALA


3.4 PRODUCT PROFILE
Travancore Titanium Products Ltd is one of the largest industries in
India that produces Titanium Dioxide (Ti02). The company is also manufacturing
Potassium Titanate, Sodium Titanate, low Phosphorus and Special grade Titanium
Dioxide comparatively in small quantities.
Titanium Dioxide (Ti02) is a white pigment and there are two grades of Titanium
Dioxide.
 Rutile Grade
 Anatase Grade
These two grades of Titanium Dioxide are chemically same but their physical
properties differ from each other. The company deals with the production of Titanium
Dioxide, which belongs to Anatase grade. The major raw material used for
production is Ilmenite. The most important commercial use of Ilmenite is for the
manufacture of Titanium Dioxide pigment. Ilmenite is a compound of the oxides of
iron, Titanium and traces of other elements. The separation of Titanium Dioxide can
be done through the sulphate route or chloride route. The Travancore Titanium
Product plant is based on the Sulphate Route.
Few grades of Titanium dioxide are produced namely

 Anatase – ISI Grade

 Rutile Grade

 Anatase PG

 Rutile PG

 Anatase GP

 Rutile GP
In addition to TiO2, TTPL manufacturers small quantities of the following on
demand.

 Potassium Titanate

 Anatase Special Grade

 Anatase (ISI)
This is a pigmentary form of TiO2 having the following desirable properties –
High brightness, tinting strength, good colour, excellent dispersion
characteristics in both aqueous and non-aqueous media. Suitable for use in
paints, paper, plastics, linoleum, rubber, leather finishes, soap and cosmetics
and other applications.
 Rutile Grade
The major application is Plastic Master Batches, paint, Textiles. Substitute for
treated Rutile especially in plastics, paints, undercoats, printing inks, primers,

INSTITUTE OF MANAGEMENT IN KERALA


road marking paints, rubber ceramics, welding rods. Making quality seamless
welding possible.
 Anatase (PG)
The product is highly suitable for plastic Master batch applications. It has been
substantially used for end applications like
a) Monolayer films
b) Thicker 3layer films (>50 microns)
c) Sheets and Profiles
It has a very good whiteness Index, dispersability and filterability.
Especially recommended for high opacity tough films for detergent
packing and shopping bags.

 Rutile (PG)
The product is recommended for products requiring more UV exposure and
can be used for making M.B.S. and compounds for both moulding and
extrusion. It can be used for making Yellows, Ivory, Beige and Oranges. Is
used extensively for thin gages HM – HD films
 Anatase (GP)
General purpose pigment is recommended for use in non-decorative paints,
cement paints, distempers and rubber products.
 Rutile (GP)
The major applications are ceramic, Paints, Plastics.
 Potassium Titanate
Potassium titan ate possesses low thermal conductivity and high reflectance
ranging from ultra-violet to infra-red region. Used in the manufacture of
special quality welding rods, due to its high insulating property and high
melting point.
 Anatase Special Grade
This low phosphorous Anatase grade is used in the manufacture of special
quality welding rods, due to its insulating properties and high melting point.

3.4.1 Customers of TTP


The high grade Titanium dioxide enjoys a prominent presence in almost all
products we use in our daily life .In paint , rubber , textile , paper , and numerous
other products it is the ingredient .Major customers of TTP

INSTITUTE OF MANAGEMENT IN KERALA


CTM Textiles, Rajkamal Processors, Sharada Textile Mills,
Bishen Dyeing printing & weaving Mills, Bimal Dyeing
Textiles printing & weaving Mills.

Ink Kores (India) Ltd, JBA printing ink Ltd, Coates of India,
Rainbow Ink & Varnishes.

Cosmetics Hindustan Lever Ltd, Colgate, Palmolive, Godrej soaps,


Karnataka soaps & Detergents.

Rubber Bata (India) Ltd, Lakhani footwear, Madras Rubber Factory,


Elastrex Polymers, Prestone Industries, Madhura Rubber, Leo
Rubber, Paragon Rubber, Relaxo Footwear.

Paper Pudmjee Pulp & Paper, Balakrishna Paper mills, ITC-Tribeni


Tissues, Sreevidhya Paper Mills, Sreekrishna Paper Mills, and
Security Paper Mills.

Leather National Leather Cloth

Paints Asian Paints Ltd, Goodlass, Nerolac Paints, Seepee Coating,


Special Paints, Rajdoot paints, Hem Paints, Serger Paints.

Chemicals Camphor & Allied Products, Dr. Beck & Company, Jay
Industrial Chemicals, National Paints & Chemicals.

Plastics Hycount Plastics, Padinjekkara Rubber & Plastics, Sudhakar


PVC, Sudhakar Plastics, Nuchem Plastics.

Electronic Videocon, Narmada Electronics, Gujarat Mulco Electronics.


Industries

Table no. 2.1 Customers of TTP

3.8.2 Export Offer

Travancore Titanium Products Limited, an ISO 9001:2000 Company is a


Public Sector Undertaking under the administrative control of Government of Kerala,
India engaged in the manufacture and marketing of different grades of Titanium
Dioxide pigments. As part of business development activities, the Company proposes
to earmark around 300MTs, of Anatase grade and 200Mts of untreated Rutile grade
(RD 01) both branded as AJANTOX every month for exports on FOB Kochi, India
basis.

3.8.4 Future plans


With a view to improving efficiency, profitability, competitiveness, and to
maintain market leadership, TTP has proposals to expand its capacity to 27000 tonnes
INSTITUTE OF MANAGEMENT IN KERALA
per year, modernise and diversify in stages to produce both Anatase and Rutile grades
of Titanium Dioxide pigment. Modernisation and revamping would be carried out
with minimum interruption to the present production and the new plans to this
connection will be launched during the current year .The total estimated cost of the
project is Rs.412 crores.

A new project on the pollution control is also on progress to reduce the


current pollution problems caused by the waste produced from the company in the
form of liquid into the sea and gas into the atmosphere. This project is supposed to
reduce the various problems arousing in the nearby villages of the company.

INSTITUTE OF MANAGEMENT IN KERALA


4. ORGANIZATIONAL STRUCTURE
The managing Director of Travancore Titanium Products Ltd. The overall
administrative powers rest in the hands of MD. The Managing Director is an elected
member from the Board of Directors. He is appointed for a period of three years.
Under the managing director come the executive director and general manager. The
long term planning of the company is done by the M.D. along with the Board of
Directors. Under the control at the general manager comes the production, Research
and Development, project, Engineering and Commercial Department.

Working Hours
 Three shifts
I. 6 am to 2 pm
II. 2 pm to 10 pm
III. 10 pm to 6 am
 General shift
8 am to 4 pm
 Office time
9 am to 5 pm

Board of directors of TTP Ltd.


1. Dr. Sukumaran Nair - Chairman & Managing Director
2. V. Muraleedharan Nair - Executive Director
3. P.M. Shihabudeen - Director
4. Dr. K. Gopakumar - Director
5. Adv. C. K. Karunakaran - Director

Executive work force of TTPL


The grand total is nearly 720.

INSTITUTE OF MANAGEMENT IN KERALA


Chart no.4 Organizational structure

INSTITUTE OF MANAGEMENT IN KERALA


Departmental Introduction:
Departments are formed when there is efficient and effective grouping of jobs
in to meaningful work units to coordinate numerous jobs to gain the organizational
objectives. This creates flexibility, adaptability, and unity of action within the firm.
The various departments in TTP are as follows:
 Production department

 Finance department
 Marketing department
 Commercial department
 Materials department
 Human Resources department
 Training department

 Engineering department
 Legal department
 Safety department
 Medical department
 Project department
 Research and Development department
 Security and Vigilance department

4.1 PRODUCTION DEPARTMENT


The main product of Travancore Titanium Products Ltd is Titanium Dioxide
pigment. So considering the production, the production department becomes the vital
department in TTP Ltd.

The primary objective of TTP is to produce pigment grade Titanium


dioxide as per the capacity utilization target approved by the Management
maintaining optimum quantity standards of both Anatase and Rutile Grades. The total
production capacity of the plant is 46tones/day. The production department has co-
ordination with all other departments. Chief Production Manager heads the
department. There are four sections in production department namely:

 Titanium Dioxide Section,

 Sulphuric Acid Plant (SAP),

 Managerial Information System (MIS), and


INSTITUTE OF MANAGEMENT IN KERALA
 Raw Materials and Packing Section (RM &PS)

Each of these sections is headed by respective Production Managers. By the MIS,


the department makes the co-ordination with other departments easier. The Titanium
Dioxide Section has two ends, Black End and White End each headed by Deputy
Production Managers. The Production department is directly responsible for
maintaining optimum quantity standards of both Anatase and Rutile grades. Child
Production Manager is responsible for achieving this objective of TTP by integrating
directing and controlling the work of Titanium dioxide, production of sulphuric Acid
etc. Sulphuric Acid is also another product for which the raw material Sulphur is
being imported from Chile and Argentina.

4.1.1 The production department of TTP has many important functions, which
are as follows:

 Carryout investigations and guide management on long term measures


towards achievements of the goals of expansion in the areas of production and
quality.
 To prepare detailed raw material plans and ensure the incoming quality
standards, their proper usage etc.
 Constantly evaluating alternate source of raw materials, direct trails of the
same and to help the management to firm up the sources.
 Integrate, direct and control efforts of production of Sulphuric Acid pigments,
dispatch raw materials etc. resulting in fulfillment of planned targets for
production and provide overall supervision of Titanium dioxide production.
 Receiving of raw materials and packaging of final products.
 Integrating the department itself with Research and Development department
for identifying solutions to long-term problems.
 To prepare a detailed production plan in consultation with General Manager
(works) and this must be consistent with company‟s production objectives.
 Integrate production efforts with maintenance to ensure implementation of
production and maintenance schedules and to avoid breakdowns by helping
maintenance under take jobs on time basic etc.

INSTITUTE OF MANAGEMENT IN KERALA


Structure of Production Department

Chief Production Manager

Production Production Manager Production Production


Manager TiO₂ Sulphuric Acid Plant Manager Raw Manager Plant
Plant Materials Monitoring

Deputy Deputy Production Deputy Deputy Production


Produc↓tion Manager Sulphuric Production Manager Plant
Manager TiO₂ Acid Plant Manager Raw Monitoring
Materials

Plant Managers

Assistant Plant Managers

Foremen

Supervisors

Operators

Work Assistants

Chart no.4.1.1 Structure of Production Department

INSTITUTE OF MANAGEMENT IN KERALA


4.1.2 Manufacturing process of Titanium Dioxide
TTP‟s production process is aimed at the separation of Titanium dioxide from
illmenite through SULPHATE PROCESS.
Ilmenite, a mixed oxide of titanium, ferrous iron, ferric iron is grounded in ball mills
to fine powder and reacted with sulphuric acid in specially designed digestors.
Digestors are reinforced concrete tanks lined with lead and acid resistant bricks. The
heat of dilution of the acid initiates highly exothermic reaction and a porous cake is
obtained as product. This is dissolved in dilute sulphuric acid and the titanium goes
into solution as titanium oxysulphate. The solution then goes through a reduction
phase using scrap iron, when the ferric iron gets completely reduced into the ferrous
state. The reduced crude liquor is closed with settling agents and sent through large
settling tanks to remove the sludge consisting mainly of unreacted ilmenite and silica.
The clear overflow from the settler is concentrated to a specified extent in order to
increase TiO₂ content from 150 gpl to 200 gpl and then charged into precipitation
tanks. On boiling by injecting steam, the titanium content gets precipitated as
hydrated titanium.
It is filtered over drum type rotary vacuum filters to increase TiO₂ content in pulp.
Any ferric iron still present is reduced to washable ferrous form by leaching the pulp
with diluted sulphuric acid and aluminium powder. It is washed further and then
treated with small quantities of potassium sulphate solution and mono ammonium
phosphate to develop the pigmentary properties. The treated pulp is dewatered to 40%
solids and the dewatered pulp is sent to calcinations unit through screw conveyers and
this pulp is dried completely in the calciner. Then the hydrated titanium dioxide is
decomposed to titanium dioxide and sulphuric acid decomposes and crystalline
properties get fully developed. The hot product from the calciner discharge is fed into
the cooler. The cooled is discharged to the screw conveyer and then the belt conveyer
and the product in the pellet form is conveyed to the pulverizer. Then using pendulum
mills, the granular product is pulverized to very fine particles of average size of 0.35
microns and packed in 25 kg HDPE bags and kept for dispatch. The product is
classified as Rayon Grade (RG), ISI Grade, General Purpose Grade (GP) according to
the quality.

INSTITUTE OF MANAGEMENT IN KERALA


Manufacturing process of Titanium Dioxide
Mill Section

Digesters

Settlers

Concentration

Precipitation

Post Precipitation
Filters

Pre-leaching Filters

Leaching

Post Leach Filter

Treatment

De-watering Filter

Calciner

Milling of Pigment

Packing

Chart no.4.1.2 manufacturing of titanium dioxide

INSTITUTE OF MANAGEMENT IN KERALA


3.2 FINANCE DEPARTMENT
Finance is the life blood of the business. So in every business
organization the most important department is finance department. Without this
department no organization can work smoothly.
The finance department is responsible for proper planning and controlling of
financial resources. The department is headed by Finance Advisor. Finance controller
manages and control assets and liabilities of the company. His duties include
providing information to formulate accounting and costing policies, preparation of
financial reports, direction of internal auditing, budgeting, taxes etc.

Structure of Finance Department

Finance Advisor

Finance Manager

Deputy Finance Manager

Assistant Finance Manager

Section Officers

Chart no.4.2 Structure of Finance Department

4.2.1 Objectives of Finance Department

 To prepare corporate plans, annual plans and budgets.

 To control cost, financial planning and ensuring uniform and correct


observance of financial disciplines of the company.

 To monitor the progress of budget achievements.

 To provide accounting service to all levels and ensuring updating of


systems procedures for the same.

 To advise management on fund utilization and its implementation.

 Setting of all investment proposals, certain new assets, new posts etc. from
the point of financial feasibility.

 To evolve an audit manual.


INSTITUTE OF MANAGEMENT IN KERALA
4.2.2 Functions of Finance Department

 To complete all budget work.

 Assist all departments in providing financial administration of all


transactions.

 To make proper entries in books of accounts and extract reports like Trial
Balance, Profit and Loss A/c, Balance Sheet on a time bound basis.To
collect all sums due to the company.

 To make timely payments to creditors, suppliers, contractors, employees,


Government statutory bodies, service providers etc.

 Budget preparation, computerization and finalization of annual budgets,


providing information regarding budget provision as and when required.

 To prepare MIS as required by management

 To assist all types of audit work.

 To file proper returns in time.

 To manage cash properly to maintain proper liquidity.

 Timely dispersant of salary/wages to employees as per agreement.

TTP conducts four audits namely, Internal Audit, Statutory Audit as


per companies act, Accountant General Audit and Inspection Audit.
4.2.3 Bankers of TTP Ltd
 State Bank of India (SBI)

 Federal Bank

 ICICI Bank

4.2.4 The Department Sections


1. Bills Section:
This section includes payment like (Statutory) K.S.E.B, Purchase,
R.M, except salary of employees. Receipt cum Inspection Report (RCIR) and
invoice is received by Bills section. This is scrutinized to consider the terms
and conditions, as to whether there is any damage, oversupply of goods or
change in quantity and quality. All these details are recorded in the tally
records. For payment of purchases, purchase Bill is used. For electricity,
Water payment General Journal Voucher is used. The bill section also handles
Medical reimbursement for employees.
2. Salaries and wages section:
The salary section has following duties, such as calculation of salary,
wages, Income tax, P.F etc. Basic Pay, D.A. L.P, Overtime, Individual
attendance, bonus (for workers) shift allowance, HRA, conveyance allowance
INSTITUTE OF MANAGEMENT IN KERALA
(RLT), special allowance, Holiday Pay, Canteen Loans, advances like
Festival advance , Thrift, TLSS,TRC, Benevolent fund, Bonus etc at the times
on the pay slip.

3.Cash section:
Cash section is in charge of preparing cheques on receipt of vouchers,
on receipt from bank and they maintain a Petty Cash Book for entering
expense including during business hours, which includes monthly salary and
incentive payments and other payments.

4.Stores accounts section:


Proper maintenance of store accounts and proper balancing and
recording of each and every transaction is done.

5.Loan section:
Housing loans has been arranged through HDFC at an interest rate of
13% of which 6% is provided by the company for the workers. Vehicle loans
are also allowed to the employees through this section.

6.Computer cell section:


The computer cell in TTPL started functioning since 1994. Today
almost all the departments of the company are computerized. Various sections
of the company are connected through Local Area Network (LAN).

7.Time Office section:


Time Office is for recording the attendance of the workers. This section
is under the authority of Finance Controller. The manual card punching is the
facilities provided in time office. The electronic card punching system is used
in office building to mark the attendance of the entering employees.
Simultaneously the attendance registers are kept in each department.

Significant Accounting Policies


Every organization has its own accounting policies. TTP has also has its own
accounting policies. They are as follows:
1. Fixed Assets
Fixed Assets are started at cost of acquisition or construction less depreciation. All
costs relating to the acquisition and installation of fixed assets are capitalized. Assets
and liability are consistently being recorded at historical costs to the company and
therefore they are not adjusted to reflect the change in value in the purchasing power
of money.
2. Investment
All investment is valued at cost.
3. Inventories
 Raw materials, materials in process and stores and spares are valued at the
cost on weighted average method.

INSTITUTE OF MANAGEMENT IN KERALA


 Finished goods – Titanium dioxide is valued at cost or net realizable value
whichever is lower. Excise duty which is payable at the time of removal of
goods is not included in the valuation of finished goods.
 Goods in transit are valued at cost.
4. Sales
Sales are exclusive for excise duty and sales tax.
5. Depreciation
Depreciation on fixed assets has been provided as per the rates prescribed in
schedules XIV of the company‟s Act of 1956. Under written down value method
depreciation on additions and deletions of fixed assets is calculated.

6. Retirement Benefits
Gratuity liability is provided based on the company rules prevailing from time to time.
The gratuity fund created to the company has been approved by the income tax
authorities. The net asset enables the fund to fully discharge the company‟s obligation
in respect of gratuity, payment to the employees etc. The liability to pay leave
encashment accrues only when the employees can encash unveiled leave during their
period of service till the employee exercise his rights. Hence it is not quantifiable and
is accounted on cash basis.
7. Scraps
Accounting of scrap is done at the time of sale.
8. Salary
The employees get their salary/wages on the last, but one day before of each
month. Salary/wages is given on monthly basis. It is paid through bank/cash. Before
the payment of salary every employee will receive his pay slip.
9. Allowance
Some allowances are paid to the employees to compensate without changing
the basic pay structure. DA is paid to cover the increased cost of living. When
housing accommodation is not provided, house rent allowance on suitable BP
structure will be paid. In TTP there are different pattern of DA and HRA. They are
applicable to each employee in the organisation. House Rent Allowance is given to
employees and it is provided as 10% of Basic Pay, today.
10. Accounting policies
The financial statements are prepared under the historical cost convention on
accrual basis and in accordance with the mandatory accounting standards issued by
the ICA and relevant provisions of the Companies Act, 1956.

4.3 MARKETING DEPARTMENT


Marketing Department was started on 14-12-02. Earlier there was no
marketing department in TTPL. The Marketing Department of Titanium mainly
concentrates on sale of final products. The Titanium Managing Committee (TMC)
decides the sales for the year. After fixing the sales target by TMC, it comes to the
marketing department, then it fixes price of the product.
There are two wings in the marketing department namely, Domestic wing –
which deals with domestic sales and Export wing – which deals with export sales.
INSTITUTE OF MANAGEMENT IN KERALA
Structure of Marketing Department

Chief Marketing Manager

Deputy Marketing Manager

Assistant Marketing Managers

Section Officers

Clerical Staff

Chart no.4.3 Structure of Marketing Department

4.3.1 Department level quality objectives


“To continual improvement of customer oriented services to meet customer‟s
requirements.”

1. Domestic wing
To achieve customer satisfaction through timely execution of orders and to
maintain harmonious customer relationship.
2. Export wing
To achieve customer satisfaction through timely execution of export orders
and to maintain quality standards in delivery of our product.
4.3.2 Objectives of Marketing Department.
 To select and appoint stockiest and other customers for direct sales.

 Invoicing and maintenance of customer accounts , follow up and


management of receivables etc.

 Order evaluation and acceptance, maintenance of order registers,


priority booking registers, dispatch registers.

 To fix price, fixation of sales commission and overall sales policy


including market budget.
INSTITUTE OF MANAGEMENT IN KERALA
 .Export management.

 Delivery and logistics management. Export management.

4.3.3 Customers
Presently company has 33 authorized stockiest. These stockiest are nominated
by company. A general agreement is executed between company and the stockiest. In
addition to these stockiest, TTP has many direct customers. These include reputed
organizations like Asian Paints, Berger Paints, Godrej, Bata etc. The sector wise
classification of customers of titanium products are Paint, Leather, Paper, Plastic,
Printing Ink, Soap, Cosmetics, Fabrics, Rubber, Ceramic, Artificial fibers,
Pharmaceutical preparation, Textiles, Electronic industries, Ink etc.,. In TTP a
Customer Satisfaction Survey is conducted yearly

4.3.4 Sales activities - Procedure (Domestic)


Orders are received by post, fax, e-mail etc. Along with this order, customer
has to send cheques, pay in slip copy (amount credited to TTPL A/c). The
customer has to send original cheque. Also in case of depositing amount, the
marketing department will ensure that the amount is credited in TTPL‟s ICICI,
Trivandrum account. Usually one month credit is given to stockiest. So cheques will
be post-dated. After verifying the details regarding payment, customer‟s demand for
pigment grade etc., indent (work order) is prepared. Presently four copies are printed
and software is available for indent preparation. The indent is reviewed by Assistant
Manager. The customer‟s order may contain details regarding transporter. So in the
mean time department has to contact transporter. The prepared indents are sent to
Technical Service Lab (TSL) for batch allotment and the details regarding allotment is
sent to packing section. One copy of indent is held in TS Lab and one copy in Packing
Section. After getting authorized signature from Packing Section, allotted batch is
loaded in lorry/truck. Details regarding Lorry Receipt (LR) and vehicle number are
noted and invoice is prepared. By knowing the indent number, invoice can be easily
generated and details regarding LR and vehicle number are entered. Eight copies of
invoices are printed out. Original invoice is sent by post to buyer. Duplicate copy of
the invoice, LR and dispatch notes (3 copies) given to transporter. Dispatch note
includes details regarding number of bags, quantity etc.
In case of domestic sales within Kerala, the sales tax charged is Value Added
Tax (VAT). But in case of domestic sales outside Kerala, the sales tax charged is
Central Sales Tax (CST) @ 2%.

4.3.5 Sales activities – (Exporting)


Presently TTP‟s products are exported to countries like USA, UAE, Malaysia,
Indonesia, China, Singapore etc. Both Anatase grade and Rutile grade are exported.
Web based interactions are done with customers. A sample if required is sent to the
customers by cargo. After discussions with the customers regarding price, terms of
export like FOB (Free Own Board), CIF (Cost intrense Freight), orders are placed by
customers through fax or email specializing terms. As per the financial capability of
customers, bank LOC (Letter Of Credit) is opened. All conditions are stated in LOC.
INSTITUTE OF MANAGEMENT IN KERALA
With the help of Central Excise Department and in presence of them, the product is
dispatched in container. Products are exported through an agent at Kochi. Letter of
Undertaking (LOU) is the document (bond) used to export the products. This
document is renewed yearly. DEPB (Duty Entitlement Pass Book) license, an
incentive license is owned by TTP and with the help of which company get incentives
from Foreign Trade. There is no export duty. Usually, the mode of transport used for
exporting the product is sea transport. Export is usually made according to the
requirements of the customers.
4.3.6 Business promotion activities
Web-based and telephonic interactions are done with customers.
Advertisements (mainly magazine and newspapers and internet), trade commissions,
discounts, introduction of company and company products to potential customers
through internet, telephones, mails etc. are all business promotion activities.

4.4 COMMERCIAL DEPARTMENT


The commercial department of Travancore Titanium Products Ltd. involves in
purchase activities and contracts. The work of this department is to sub serve all other
activities of the company, which results in smooth flow of material, inputs and
services required.

Structure of Commercial Department

Chief Commercial Manager

Deputy Commercial Manager

Assistant Commercial Manager

Section Officer

Clerks

Typist

Chart no.4.4 Structure of Commercial Department

INSTITUTE OF MANAGEMENT IN KERALA


4.4.1 Main objectives of the department include:

 To serve as an information centre on the materials knowledge relating


to price, source of supply, mode of delivery etc.

 The quantity of materials purchased should be tested and certified by a


competent officer from the department/stores.

 To develop good supplier relationship as this will ensure the best terms
of supply of materials.

 The financial and legal interest of the organisation related to purchase


activities are safeguarded and the timely supply is guaranteed.

4.4.2 Purchase Section


Purchasing is the function of procuring goods and services from external sources
to the organisation. In other words, purchasing is the procuring of materials, machine
tools and services required for equipments, maintenance and the operation of a
manufacturing plant. In TTPL, purchase department involves in purchase of raw
materials like illmenite, sulphur, scrap iron, furnace oil and also purchase of tools and
equipments like fabrication valves, pumps, canteen equipments, safety items,
electrical goods, gears, lubricants, lab items, stationary items etc

4.5 MATERIALS DEPARTMENT


In TTP Ltd., even though the Materials section comes under the commercial
department, it is functioning independently.

In this company the investment in current assets constitutes a lion portion.


Therefore a separate stores department is maintained. The location and layout of the
department is carefully planned so that transportation charge can be minimized.

4.5.1 Functions of Material Department


A. Issues of materials: The main function of this section is to issue the materials as
per the issue voucher. This issue is also recorded in Bin Card and Computer.
B. Dispatch: As per the delivery orders received from the commercial department
the customers of the various products sent their transporting vehicles
through various transporters.. The invoice declaration and gate pass is prepared. The
materials produced daily is taken into stock and maintained in the register.
C. Inspection: The receipt vouchers are checked for the item and the quantity and the
concerned intend of the material is asked to inspect and certify. The inspector works
in accordance to the concerned intends while receipt of goods.
D. Inward Materials: All the stores materials coming to the stores as per the
different purchase orders made by the purchase section are received.The quantity and
quality a rechecked and a receipt voucher is prepared. After the inspection of

INSTITUTE OF MANAGEMENT IN KERALA


materials, quantify is recorded in the BinCard and Kardex as per the location and code
of each material.

E. Raw Materials: The raw materials received from various sources i.e.,
departmental and contractor are recorded as per the weighbridge bills.
F. Inventory Control and Disposal: The material section should also concerned with
the inventory control. They should inform to the concerned departments when the
reorder level is reached.

Materials Manager

Deputy Materials Manager

Assistant Materials Manager

Section officer- Section officer- Section officer- Section


Indent (holding) Receipt section Inventory control officer- Issue
section

Store Keepers

Assistant Store Keepers

Lascars (Material Handlers)

Chart no.4.5 Structure of Material Department

INSTITUTE OF MANAGEMENT IN KERALA


4.6 HUMAN RESOURCES DEPARTMENT
Human resource is the main asset of any organisation. Therefore managing the
human resources are the most important functions of any organisation. So it is
essential for any organization to fix a separate department for the management of
human resources. The department is responsible for personnel functions of the
company to result in timely action for maintaining smooth industrial relations, leading
to employee‟s morale and productivity.

Structure of Human Resource Department

Chief Manager

Manager of the department

Deputy Managers

Assistant Managers

Section Officer

Chart no.4.6 Structure of Human Resource Department

4.6.1 Employee strength of the company:


Presently there are nearly 823 employees. The employees fall under two
categories:

1. Managerial cadre

2. Workers cadre
Managerial cadre is having superior service rules and the workers cadre having sub-
ordinate service rules.

INSTITUTE OF MANAGEMENT IN KERALA


4.6.2 Objectives of HR department

To provide leadership for management of industrial relations and employee‟s welfare


functions of the company.
 Administering the different committees for employee‟s participation.
 For evolving system of prompt attention and redressal of employee‟s
grievance and prevention of the same.

 For evolving system of prompt attention and redressal of employee‟s


grievance and prevention of the same.Administering the different
committees for employee‟s participation.

 Implementing the standing orders pertaining in the company.

 To provide basics for corporate strategies and policies for maintenance


of industrial peace and for workers motivation.

4.6.3 Functions of HR Department

1. Man power planning and identification


One of the major functions of this department is the planning of the required
manpower and identification of the vacancies present in the company. The
number of employees required for the company was planned by Human
resource department.

2. Recruitment
Another important function of personal department is the recruitment of the
right persons in the right place at right time. It is the first time process by which
employment is provided to the adequate manpower resources. It is the positive
process of searching for prospective employees and circulating them to apply for the
jobs.
Mainly there are 2 modes of recruitment
1. Direct Recruitment
2. Through Public Service Commission
For the appointment of Managerial cadre Direct Recruitment mode is used.
For the recruitment of process operator, work assistant, Direct Recruitment method is
used. Clerks and typists are recruited through PSC. For Direct Recruitment of
workers, 30% reserved for locals.
For Direct Recruitment invitation will be given to the professional employment
exchange and advertisement will be given in leading newspapers. Based on the
written test & interview, selection is made.
For conducting interviews there will be a selection committee consists of MD,
Company Secretary, Chief Manager (Human Resource), Govt. Nominee and
representative of concerned department.
In addition to above 2 modes of recruitment, the following recruitments are made:
 Sports Quota: Titanium encourages sports activities in the state by recruiting
young promising players into the company sports team. These include
Football, Volleyball players. The recruitment is based on qualification and
sport level performance.
INSTITUTE OF MANAGEMENT IN KERALA
 Dying in Harness: An employee‟s dependant is provided employment in the
company if he dies in service.

 Special Recruitment: For SC/ST through PSC: 8% SC and 2% ST.

Probationer
Newly appointed employees will be on probation. For Managerial cadre, it is
one year. For subordinate class, it is 6 months. There will be police verification for
newly appointed employee. During probation overall performance, attendance,
punctuality, loss of pay, any disciplinary action taken etc will be taken into account.
During probation period, the employee will not be eligible for annual leave.
Appointment by transfer
This is a type of internal recruitment. In case there is some vacancy and there
is no eligible person to be promoted to that post, a person of another department
having the required eligibility may apply and be appointed to the vacant post by
internal transfers
Dying-in-harness scheme
The company appoints several persons by this scheme. If any employee dies
before retirement, then the company offers job for his children or any member of
family according to their qualification.

3. Maintaining Service Records


The company‟s human resource department is keeping service record of each
employees for further reference of promotion and transfer of the existing employees
from the light of frequent performance evaluation.

4. Promotion
Promotion is concerned with rewarding the capable employees by putting
them in highest positions, with more responsibility and higher pay. In case of
promotion one year probation period will be provided. Usually promotion is based on
Graduation Rank list. In addition to this performance rating, attendance, qualification
is also considered. Advancement within an organisation is ordinarily labeled as
promotion, which involves a change from one job to another that is better in terms of
status and responsibility. Change to higher job is accompanied by increases in pay and
privileges. For every chance for promotion, three persons are considered. Basis for
promotion in TTP are attendance service, performance, seniority, test/interview etc.
5. Performance appraisal
Performance appraisal is a systematic evaluation of present potential
capabilities of personnel by their superiors. It is the process of estimating or judging
value status of a person. In TTPL separate appraisal is done for subordinate staff and
management cadre. In performance appraisal capacity, job knowledge, initiative, job
attitude, human relations, personnel character, attendance, punctuality, integrity etc.
are measured. It is conducted every six months.
The main objectives of performance appraisal are:
 To provide systematic judgement to back up salary increments, transfers etc.

 Means of telling the employees how he is doing or performing his work and
suggesting the needed changes in his behavior.
INSTITUTE OF MANAGEMENT IN KERALA
 It is used as a base for coaching and counseling the individual by his superior.

6. Labor welfare
The very existence as well as the progress of a factory is largely dependent on
the mental satisfaction of its workforce. Aiming the satisfaction of the workforce,
labor welfare measures in various forms are introduced in Travancore Titanium
Products. It provides a vast number of welfare amenities to its employees for the
promotion of better labor management relationship.

7. Maintaining records – regarding leave


TTPL‟s HR department is keeping the records of leave of the employee for the
payment of remuneration of each employee in the organisation.

8. Industrial Relation
In TTP, Trade Unions are recognized through a referendum. There were 9
Trade Unions in TTP, but in a referendum made by the company in 1996, all other
unions except Titanium products Labor Union and Titanium General Laborers Union
were disqualified. Therefore in 1998, all other unions merged into one to form a new
trade union called Titanium Employees Co-ordination Council. TTP maintains an
excellent relationship with its employees and their Trade Unions. TTP has 3
recognized trade unions. They are:
1. Titanium Products Labor Union (TPLU) of INTUC
2. Titanium Government Labor Union (TGLU) of CITU
3. Titanium Employee Co-ordination Council (TECC) of AITUC
For recognition each union must have 20% or more support from among the
employees.
They are meant for carrying out functions like:
 To secure fair wages for workers.

 To safeguard the jobs of the employee and to improve the conditions of the
organisation.

 To improve apport unities for promotion and transfer.

 To improve working and living conditions of employees.

9. Remuneration
TTP gave fair remuneration to its employees in order to increase their morale
thus by increasing productivity. There are two types of pay scale present. One is for
subordinate service and other for officer service. HR department calculated the
remuneration payable to each employee from the details of their attendance and the
payroll sheet transferred to finance department.
Retirement
Retirement means the situation when the employee being terminated service
on reaching a fixed age. The age of retirement of TTP is 58 yrs. At the time of
retirement the employee will be provided with Provident Fund, Gratuity etc.
Workers Participation
INSTITUTE OF MANAGEMENT IN KERALA
The further enhancement of industrial relation is done by encouraging workers
and increasing worker‟s participation in management. For this purpose TTP has
formed various committees like Works Committee, Canteen Advisory Committee,
Departmental Promotion Committee, Medical Committee, Benevolent Fund
Committee, Safety Committee etc. In the works committee the members are selected
by representatives of workers and management. They meet once in a month.

4.7 TRAINING DEPARTMENT


Training is an inevitable part of an organisation for ensuring the workers and
officers‟ commitment towards their respective works. Training is provided to the
workers for increasing their skill and ability to perform specialized jobs.

Structure of Training Department


Chief Manager (HRD & AMN)

Assistant Manager (Training)

Training Officer

Staff

Chart no.4.7 Structure of Training Department

4.7.1 Objectives of Training department

 Proper induction of new recruits into their job.

 To educate the employees regarding the procedure and responsibilities


of their job.

 To faster the career development

 To bridge the communication gap between the workers and the


management.

 To develops skills for a particular job.

 To motivate worker
Every training programme has a well-defined specific objective. The different stages
in training are as follows.
INSTITUTE OF MANAGEMENT IN KERALA
1. Induction Programme
Induction programme is training with specific objectives. It aims at
creating awareness to the new comers about the organization and its products,
different sections, rules and regulations they have to follow etc.

2. Orientation
This is the second stage in training programme. After
induction programme is carried out, feedback is obtained after three months.
This is orientation.

The training department of TTP mainly offers 4 main Training Programmes. They
are:
1. Induction Programmes or Vestibule Training.
This programme is designed to give them a general view of what the
enterprises does, how it is organized, what benefits it offers and what its general rules
and regulations are.

2. In-House Training Programme.


This programme is meant for all levels of employees and worked,
aimed at creating an awareness of the knowledge of fundamentals. It is mainly for
improving employee's attitude, motivation, co-ordination etc. under this programme
and industrial tour was conducted which was for 8 days.

3. Outside-Training.
This programme is meant for particular category of employees or
workers, conducted by the Training Department under the authority of specialized
expert from outside agency. This is knowledge-based training. In this programme, an
effort is made to expose participants to concepts, theories, basis principles, pure and
applied knowledge.

4. Unit Level Class


This programme is come under worker's education scheme. In this
programme, education is given to the workers in order to create social awareness in
turn. Education is given to workers in areas like their working environment,
democracy etc.

INSTITUTE OF MANAGEMENT IN KERALA


4.8 ENGINEERING DEPARTMENT
Structure of Engineering Department

Chief Engineer

Deputy Chief Deputy Chief Deputy Chief Deputy Chief


Engineer -Civil Engineer - Engineer - Electrical Engineer -
Mechanical Instrumentation

Executive Executive Engineer - Executive Engineer - Executive


Engineer - Civil Mechanical Electrical Engineer -
Instrumentation

Assistant
Assistant Assistant Executive Assistant Executive Executive
Executive Engineer - Engineer - Electrical Engineer -
Engineer - Civil Mechanical Instrumentation

Assistant Engineers

Supervisors

Charge Heads

Operators

Work Assistants

Chart no.4.8 Structure of Engineering Department

One of the major departments in TTP is the Engineering Department, which is


headed by Chief Engineer. The Engineering Department is responsible for the
installation of all factory structures, Plants, equipments and their proper maintenance
and upkeep as well as optimum production of titanium dioxide. The Department has
four sections each headed by Deputy Chief Engineers under the authority of Chief
INSTITUTE OF MANAGEMENT IN KERALA
Engineer. The Chief Engineer co-ordinate the overall activities of all sections. TTP
has a well efficient Engineering Department

The Engineering department performs various functions very smoothly. It has co-
ordination will other departments also.

4.8.1 The Objectives of the Engineering Department includes.

 Preparation of plants.

 Preparation of technical specifications and assist the Commercial


Department in technical scrutiny of offers and arranging purchase and
stock of materials.

 To advice the Management to take decision on all Engineering matters.

 To arrange planning of engineering equipments and stores materials


required for the factory.

 Ensuring proper upkeep maintenance and installation of estate.

 To keep liaison with Government Departments like KSEB. Electrical


Inspectorate. Factories and Boilers Inspectorate etc. for ensuring
maximum co-operation and assistance from these departments for
maintaining all engineering related activities.
 Planning, arranging and initiating preventive maintenance programmers
and repair of equipments and installations in the factory including
vehicles.
 Preserve the working life of plants.
The Engineering Department in TTP has four major subdivisions namely
Mechanical, Electrical, Instrumentation and Civil Sections. A brief description about
each section is as follows.

4.8.2 MECHANICAL SECTION


Another section of Engineering Department is the Mechanical
section, which is headed by three Deputy Chief Engineers. This section includes areas
like Workshop and Plant Technical Services, Titanium dioxide plant and Vehicles,
SAP, Boiler & Utilities. Functions of mechanical section includes maintenance of
equipments, machines etc. Plant Technical Service (PTS) carried out statutory work
of company.

 Repair
 Maintenance of Mechanical devices and equipments.
 Maintenance of spare parts.
 Installations and running of the related devices.

INSTITUTE OF MANAGEMENT IN KERALA


4.8.3 ELECTRICAL SECTION
One of the major sections of the Engineering Department is
Electrical Section-which is headed by Deputy Chief Engineer. This section under-
takes the activities of maintaining sub-stations of 60/11 KV and 11/440KV power
demand of the factory. The main function of this department is the electrical
maintenance of plant and organization. The maintenance of different types of
electrical equipments like switchgears, motor control center, power control center etc.
The areas like white section and black section of plant, Generator substations and
Sulphuric Acid Plant comes under this section.The electrical section has well
equipped workshop, which undertakes electrical works of the company. The major
functions include.

 Maintenance work of electrical equipments


 Inspection of electrical items.
 Undertaking electricity related works.
4.8.4 INSTRUMENTATION SECTION
Instrumentation department enhances maintenance of instruments,
modification of works etc. The areas like titanium dioxide plant, shift, acid plant, lab
instruments, weigh bridge, Attendance Management System are also come under this
section. The section enhances Titanium Plant service maintenance as well as that of
acid plant. The function of this section includes process parameters are done by this
section. Daily charts and monthly charges are present. This section conducts service
contracts for checking weighing bridge. This section also deals with punching system
repair. . The TTP has electronic punching machines, which was filled by KELTORN.
Attendance Management system is also another function of this section.

4.8.5 CIVIL SECTION

The civil section is one of the major sections of Engineering


department. There are 16 labours present in the section, which includes officers. They
mainly undertake Plant maintenance work. The section has co-ordination with stores
and Commercial Department. The main activity of civil section is construction and
extension of building and also the maintenance of carpentry works, plumbing works
etc. There is a separate drawing branch for drawing the outline of new projects in
Civil Section.

4.9 LEGAL DEPARTMENT


Legal department is to render legal opinion / advice on matters referred from various
other departments of the company on subjects varying from recruitment and service to
matters related to contract and commercial transactions. The Chief Manager heads the
TTP‟s legal department. This department is responsible for representing the company
in legal matters.

INSTITUTE OF MANAGEMENT IN KERALA


Structure of Legal Department

Chief Manager

Assistant Manager

Clerical staff

Chart no.4.9 Structure of Legal Department

4.9.1 Objectives of Legal department

 Prevention and settlement of industrial dispute.

 Represent the company in the Court of Law.

 File cases against external parties.

4.9.2 Functions of Legal Department


The Department is to render Legal opinion/advice on matters referred from various
other Departments of the company on subjects varying from recruitment and service
matters to contract and commercial transactions.

I. Recruitment
To the various categories of posts in Managerial Cadre and Subordinate
Service, recruitments effected through PSC/Employment Exchange or by
direct notification, and under Dying-in-Harness scheme.
With regard to direct recruitment Legal opinion is often called for as to
qualifications/eligibility of the candidates or acceptability of applications.
In appointments under Dying-in-Harness scheme, producing of various
certificates evidencing Death of the employee, right of the claimant(s) for
Death-cum-Retirement benefits and qualifications/eligibility of the applicant
for the job, the post to which the candidate is to be appointed etc, may require
legal vetting and verification.
II. Service Matters
Service matters ranging from eligibility of the candidates for promotion to a
particular post, deciding the merit, up-gradation (in lieu of promotion),
increments/anomaly etc may call for legal advice/opinion.
III. Conduct of Cases
A dispute of difference between the parties in any of the above matters such
as recruitment/service matters, contract may lead to litigation at various
venues such as Industrial Tribunal/Labour Court, various Civil Courts, and
High Courts of Departmental authorities such as Sales Tax/Transport
INSTITUTE OF MANAGEMENT IN KERALA
Commissioner/Tribunals (Central Excise Commission/Collector (Appeals),
Central Excise & Gold Control Appellate Tribunal (CEGAT). In case of
purchase/contract disputes are also referred to Arbitration.
In these cases, the Standing Counsels at Ernakulam and Trivandrum appear in
Courts for the company. All the necessary information and documents
required in the cases for filling/presenting in Court have to be obtained from
the concerned Departments and transmitted to the Standing Counsels. Where
the Judgment/Award of the Court or Authority contains any direction to the
Company the Department has to pursue action for compliance with such
direction stipulated in the judicial pronouncements.
IV. Disciplinary Proceedings
Being an establishment employing above 1200 employees (Managerial and
Subordinate Service), naturally questions of discipline may come up most
often. Having got the certified Standing Order, and the misconducts well
define therein, any act affecting discipline cannot but be taken cognizance of.
Disciplinary proceedings start with issuance of chargesheet with details of the
alleged misconduct and calling for the delinquent‟s explanation which is not
found satisfactory, domestic enquiry is ordered: this involves posting of the
Enquiry officer and Presenting Officer, culminating in the Enquiry Report of
the Enquiry officer and award of punishment, if found guilty, based on the
Enquiry Report.
At any of these stages legal opinion/advice may be sought so as to ensure that
the Management‟s action is legally sound, as also to ensure that the delinquent
is accorded reasonable opportunity to present/defend his case and natural
justice meted out to him.
In addition to these duties with regard to disciplinary proceedings in general,
officers in the Department are posted as Enquiry/Presenting Officer in which
case they have to play the role of the judge or prosecutor respectively.
V. Commercial Transactions
In the course of business, the Company has to enter into agreements/contracts
with various suppliers, customers and contractors for supply of material,
servicing of equipment supplied, executing of contract works etc throughout
the country and even abroad at times.
Documents embodying these contracts have to be drafted/approved/vetted by
this Department.
In case of delay or default in supply or execution of work as per contract also,
this department shall have to intervene at various stages by way of issue of
show cause notice, termination of control, blacklisting of the party etc.
VI. Financial Matters
Mainly the financial matters referred for legal opinion relate to levy of
charges such as Excise duty/MODVAT claims, Sales Tax etc., on material
purchased/sold by the company.
There being a bulk of statues in the country governing industry/labour in
addition to the ordinary enactments on civil matters, a legal issue may spring
up in anything related to the Company any time, warranting involvement of
Legal Department

INSTITUTE OF MANAGEMENT IN KERALA


4.10 SAFETY DEPARTMENT
Safety can be defined as a positive, organized activity or program
based on knowledge of the reaction between man and his working
environment, which aids business enterprise by minimizing human and
economic and sociological losses caused by injuries, health impairment, fires,
explosions and other occupational accidents. Safety management is a statutory
requirement in any organisation and its objectives is to ensure the safety of the
factory premises and personnel.
TTP has a safety department in order to ensure the safety needs of its
employees. According to Factories Act, every company employing more than
five hundred workers should have a welfare and security officer. The safety
department which is handled by a safety manager is considered to be vigilant
in every aspect of production. Primary job of safety manager involves teaching
supervisors, assisting them in their responsibility for ensuring safety in
operation.

. Structure of Safety Department

Safety & Environment Manager

Assistant Managers

Supervisor

Section officers

Chart no.4.10 Structure of Safety Department

4.10.1 The main Objectives of the department include

 To give instructions to work force about safe working methods & conditions.

 To detect and prevent work related accidents.

 To control accidents and losses.

 To advice and assist the factory management for fulfillment of its statutory
obligation.

INSTITUTE OF MANAGEMENT IN KERALA


 Monitoring the potential health and safety problems and carrying safety
inspections.
The various personal Protective Equipments that the company provided for the
employees are.
Table no. 3.2 the various personal Protective Equipments

Helmet For head

Goggles For eyes

Mask For face

Respiratory Apparatus For Breathing

Gloves For Hand

Apron For Body

Sale Shoe For Foot

4.10.2 Functions of Safety Department

 To provide the preventive action against accidents.

 To create Safety Awareness.

 Safety Training.

 To direct unsafe conditions and actions in the working premises and report it
to top management.

 To control the losses and accidents that occurred within the company.

 Give medical and other type of assistance in accidents.

 To provide preventive action, which includes plant safety inspection, safety


audit, and periodic training program for accident prevention.

 To create safety awareness among the employees.

 To conduct investigation about the accidents that occurred.

 To analysis the accidents occurred in a year and calculated

INSTITUTE OF MANAGEMENT IN KERALA


4.11 MEDICAL DEPARTMENT
In TTP there is a Medical section. Even though it comes under the authority of
Human resource department, it is functioning independently for providing better
medical service to the employees.
The head of the section is a Medical Officer. Under him, there is one male
nurse and four nursing assistants. The working hour of this department is 24 hours
and 365 days in a year. The Medical Officer and male nurse were working on general
shift i.e. from 9 am to 5 pm. The ambulance and driver is present for 24 hrs service.
Doctors are appointed by the company. When an accident occurs within the
factory premises, first aid is provided and if found serious the victim is taken to the
nearby hospital. The employees working in areas hazardous to their health are
subjected to annual biotexological examination at Occupation Health Service Centre.
Periodical medical checkup for employees in canteen, led burning, packing shed, acid
plant and welding section are conducted. Ophthalmic checkup for the employees was
organized in collaboration with ophthalmic outpatient unit of General Hospital,
Thiruvananthapuram. Supplementary vitamin foods were being given to these
employees. The medical allowance given to the employees is 14% of the amount of
sum of basic pay and DA, which is paid once in 3 months.

Structure of Medical Department

Medical Officer

Male Nurse

Nursing Assistants

Chart no.4.11 Structure of Medical Department

4.12 PROJECT DEPARTMENT


The company takes projects recently. So the importance of Project
Department gains its importance recently. This is a new department specially
created for carrying out the project works successfully. The project department
in TTP, which is headed by Chief Project Manager carry out the projects for
the company. They also dealt with plant modification and expansion. Under
the authority of Chief Project manager , three wings are present namely civil,
mechanical and project wing.

INSTITUTE OF MANAGEMENT IN KERALA


Structure of Project Department

Chief Project Manager

Assistant Project Manager

Clerical Staff

Chart no.4.12 Structure of Project Department

The project department undertakes type of works like:


4.12.1 Plant Modification and Expansion
Plant modification and expansion is very important concerned with the
company. Company gives prime importance to the modification of the plant. Project
department is concerned with this duty.

4.12.2 New Projects


Company undertakes several new projects. Pollution is the main problem
faced by the company. So company needs a project for pollution controlling. So this
project department undertakes a new project of Effluent Treatment Plant worth
Rs.412 Crores for pollution controlling. In this project 3 plants are intended namely,
Acid recovery plant, Copperas recovery plant and Neutralization plant. The amount
estimated to complete the first phase of this project is 129 crores, out of which 82
crores were expended by the company.

4.13 RESEARCH AND DEVELOPMENT DEPARTMENT


The company takes projects recently. So the importance of Project
Department gains its importance recently. This is a new department specially created
for carrying out the project works successfully. The project department in TTP, which
is headed by Chief Project Manager carry out the projects for the company. They also
dealt with plant modification and expansion. Under the authority of Chief Project
manager , three wings are present namely civil, mechanical and project wing
Research is an ongoing process. For the development of any organization,
research is a prime factor. So in any reputed organization, there is a special wing for
research and development. TTP also has a well-equipped and efficient R & D
department concerned with quality control and pollution monitoring, Technical
services, Research and pilot plant respectively. The department was concerned with
the research or study of new processes or techniques for the company. By the findings

INSTITUTE OF MANAGEMENT IN KERALA


of these departments, the company was able to find long-term solution to certain
problems of process and quality.

The R & D Manager is responsible for guiding, directing, initiating and


executing all the jobs in the department. The ISI analysis of the products and raw
materials also came under the department. Research and development activities are
concerned with raw material substitutions, usage norms, surface coating, development
of titanium based products, pollution control, effluent control advice on stage wise
inspection and follow-up of titanium dioxide production particularly Rutile grade.
TTP gave prior importance to the quality of product. Their product was well known
for its quality.

Structure of Research and Development Department

Chief Manager R & D

Manager R & D – Manager R & D –


Technical Service Process Control

Deputy Managers R & D

Assistant Managers R & D

Chemists

Assistant Chemists

Junior Chemists

Chart no 4.13 Structure of Research and Development Department

INSTITUTE OF MANAGEMENT IN KERALA


4.13.1 The main objectives of R & D department are:

 Render in process, stage wise testing and trouble-shooting service acting as a


necessary adjunct to production.
 Undertake development projects both for process and product improvement
and diversification to help General Manager and advice management on new
process, products and projects.
 Identifying the changing needs of customers through regular interactions.
 Maintaining quality at incoming in process and final product stages.
 Implementing and maintaining a quality management system.

4.13.2 The department has also some functions like:

 Studying the variance.


 Finding the process parameters like electricity revelation per minute (rpm).
 To improve the quality as well as quantity of products.
 Monitoring the plant performance.
 Monitoring the pollution.
 Maintaining quality at all stages of products.
 Providing service to customers.
 Taking samples at various stages starting from raw material till the product.
 Analyzing the samples, finding the variance in production.

4.13.3 Research & development Department Includes 5 Divisions Namely;


1. Research and pilot plant
The pilot plant produces special grade of Titanium dioxide, sodium titanate and
potassium titanate that are used in welding electrodes as flux.

2. Process Quality Control


It is responsible for analysis of raw material, finished products and samples from
different products process stages etc.
3. Technical services

It is responsible for providing service to customers. They analysis the final packed
product for ISI grading and allow the same for the customers looking in for specific
requirement and attends to customer‟s queries and complaints.
4. Pollution Monitoring
It carries out analysis of liquid effluent and stack emissions and reports the result to
the State pollution Control Board. The Research group is responsible for optimizing
products, quality and process specification, development of titanium based product on
a bench scale and further on a pilot plant scale.

INSTITUTE OF MANAGEMENT IN KERALA


5. Library
TTP has two Libraries, namely Technical Library and Titanium Recreation Club
Library (TRC library), which comes under the R& D department. Technical library
has books of all subjects, which is under management control. TRC library has daily
newspapers and magazines, which is under a committee Chairman is a Management
nominee. There are 7 members in the committee.

4.14 SECURITY & VIGILANCE DEPARTMENT


The company‟s security department is headed by Security Superintendent and
Vigilance officer. It is the responsibility of security department to protect employees,
materials, machineries, buildings and protect during fire, theft and other problems. As
the security is 24 hrs, in every shift, the security group is headed by head security
guard.

Structure of Security and vigilance Department

Security Superintendent

Security Officers

Assistant Security Officers

Head Security Guard

Security Guards

Chart no.4.14 Structure of Security and vigilance Department

Duties

 To carry out standing orders properly.

 To ensure that the rules and laws of the company are obeyed.

Functions
 To protect the personnel and property of the organisation against theft and
pilferage.
INSTITUTE OF MANAGEMENT IN KERALA
 To check all incoming and outgoing goods and vehicles.

 To assist the management in case of strikes and labor unrest.

 To bring irregularities to the notice of the management and suggesting


remedial measures.

 All the movements of the employees and outsiders through the main gate
shall be recorded in the relevant registers.

 The main gate will be locked at all times and will open only to permit the
movement only under the scheduled timings or under authorized documents.

 Should be very careful towards fire prevention and workmen is not allowed to
smoke inside the factory premises.

 At the close of the working time, inspect the windows and ventilators and
ensure that all fans, lights, water taps, etc are switched off except the security
lights.

4.14.1 The points of security in Travancore Titanium Products Limited

1. Main gate
2. Inner gate

3. Work shop
4. Main office (Reception)
5. Time office
6. Power loading
7. Cash section(when needed)
8. General stores and Canteen area.

INSTITUTE OF MANAGEMENT IN KERALA


5.ANALYSIS
There are many approaches and models used to analyse organizations status and
performance. In this study, TTP Ltd. Company will be analyzed using the following
analysis models:

1. PESTLE Analysis
2. SWOT Analysis
3. Competitive Analysis (Porter‟s Five Forces Model)

5.1 PESTLE ANALYSIS

Fig: 5.1 PESTEL model

INSTITUTE OF MANAGEMENT IN KERALA


5.1.1 POLITICAL FACTORS

 The company is subjected to pay tax.

 Being a public sector concern political interference has been


creating problem.

 Majority of shares of TTPL is held by the government.

5.1.2 ECONOMIC FACTORS

 The interest rate affects the overall cost of capital.

 Increase in the demand for the product leads to an increase in the rate
of production.

 Exchange rate affects the cost of exporting goods and the supply and
price of imported goods in an economy.

5.1.3 SOCIAL FACTORS

 Health of the employees is a major concern and is very well looked


after by the company.

 Increased customer focus & loyalty.

 Safety of the workers is guaranteed.

 New employees are very well trained.

 Incentives are provided to employees.

5.1.4 TECHNOLOGICAL FACTORS

 Proper and timely upgradation of technology.

 Technological shifts would affect cost, quality and would lead to


innovation.

 R & D activities should be carried out properly.

5.1.5 LEGAL FACTORS

 Health and safety law is ensured in the company.

INSTITUTE OF MANAGEMENT IN KERALA


 Each and every employees are insured on the legal basis.

 No discrimination on the salary given to employees in the same rank of


job

 No major strike s and lockouts experienced due to the smooth


employee employer relation exsisting in the company.

5.1.6 ENVIORNMENTAL FACTORS

 The major environmental factor that affects the chemical industry is


the pollution caused by the industry.

 Proper waste management

 Sensitive to Temperature and climatic conditions

5.2 SWOT ANALYSIS

Fig: 5.2 SWOT model


INSTITUTE OF MANAGEMENT IN KERALA
TTP is a major company, which is a Public Sector undertaking under
Government of Kerala. The company is in the face of extension now. The TTP has
strength as well as weakness. It also has opportunity and threats.

5.2.6 STRENGTH

 TTP is a Public Sector Undertaking (PSU) under the Government of


Kerala.

 Brand name and excellent reputation.

 High quality of products.

 Experienced work force.

 Easy availability of raw materials.

 Strong Safety department.

 ISO 9001:2000 certification of TTPL.

 Functioning with internal source of fund.

 Loyal customers.

 Lesser government restrictions compared to other industries.

5.2.2 WEAKNESS

 Due to high maintenance production cost is high.

 Price of the product is very high.


 Lack of technological up gradation.

 No proper management information system.


 Political interference in the day to day management.

 Major policy decisions are taken by State Government and hence


delay in decision making.
 There is high level of water and air pollution.

 Strikes staged by local people against water pollution.

 Lack of technological upgradation

 Political interference in the day to day management

INSTITUTE OF MANAGEMENT IN KERALA


 Delay in decision making.

5.2.3 OPPORTUNITY

 Scope for utilization of plant's production capacity

 Maximum utilization of workforce efficiency.

 Increasing demand of Titanium dioxide globally

 Adopt new machineries and technologies

 Maximum exploitation of export-market.

 The company has a good opportunity to sell sulphuric acid.

5.2.4 THREAT

 Pollution problem

 Threat from local competitors like Kilbun and Colmac.

 Threat from importers like China and Malaysia.

 Reduced price of competitors.

5.3 PORTER’S FIVE FORCE MODEL


Michael .E. Porter‟s five force model is used as the framework for analysis. The
five competitive forces-entries, threat of substitution, bargaining power of buyers,
bargaining power of suppliers and rivalry among current competition-reflects the fact
that competition in an industry goes well beyond the established players. Customer,
Suppliers, Substitutes and potential entrants are all competitors to firms in the
industry and may be more or less prominent depending on the particular
circumstances.

INSTITUTE OF MANAGEMENT IN KERALA


Fig:.5.3 Porter’s Five Force Model

5.3.1 RIVALRY

The incumbent‟s share in the total Indian TIO₂ market has drastically came
down from a position of monopolist. An industry with growth rate assumed to be 7 %
(based on GDP) is meaningful provided the demand/supply position is controlled by
indigenous players. But with liberalization, import duty cut made it cheaper to import
customized quality products. Of the four players in the industry, two large producers
are in the public sector and the other two are in the private sector. Indian import of
ANATASE grade TIO₂ during 96-97 is of the tune1881.897 tonns for a value of
Rs13.6 crores.

5.3.2 THREAT OF NEW ENTRY

TiO₂ industry is capital intensive in nature. For justification a price of


Rs100000/tonne is required as return on investment. The process technology to
produce ANATASE grade TiO₂ (sulphate route) is not tightly controlled as that of
RUTILE grade TiO₂ (chloride route). An interesting feature of the domestic TiO₂
industry scenario is that a number of green field manufacturing plants have been
advertised but have not made headway beyond the conceptualization stage.

5.3.3 SUBSTITUTION

INSTITUTE OF MANAGEMENT IN KERALA


TiO₂ introduced as a substitute to zinc oxide and lithopone in the early
twenties, was in the ANATASE form, sooner TiO₂ in the rutile form was
manufactured using sulphate route. Later chloride process was introduced to
manufacture rutile. Now in essence 80% of rutile TiO₂ is an ideal substitution for
100% ANATASE TiO₂. Substitution of TiO₂ can be made by using Kaolin, calcium
carbonate, silica and calcinated clay.

5.3.4 BUYERS

Developments in the paint industry are moving at a great pace. It is


particularly important for paint manufacturers to have access to TiO₂ pigments with
the highest standards of performance and quality as well as to well qualified and
knowledgeable pigment specialist to assist them in their formulating work.

5.3.5 SUPPLIERS

With more technological advancements in the feed stock scenario, suppliers


are providing wide range of feed stocks. In the global feed stock scenario 56%of
titaniferous feed stocks represent upgraded products. This is because of awareness of
their technical/commercial needs. Feed stock producer would probably not be
successful TiO₂ pigment manufacturers because of the specialist technology require

INSTITUTE OF MANAGEMENT IN KERALA


6.1 FINDINGS

Findings in general:

 The company is providing a well conceived transport system and most of the
workers rate the conveyance facilities as good.
 There is a good follow up of the well defined rules and regulations.
 The employees express satisfaction over the functioning of the various
departments.
 The organization is blessed with highly skilled and experienced employees.
 Uniform for all workers except those in the administrative levels.
 As the company is a PSU, government sanction is needed for most of the
process and hence administrative delay is of great concern for the firm.
Production Department

 Only male workers are employed in the plant of Travancore Titanium Product
Limited.
 They are using an old technology for the production of anatase grade TiO₂.
Marketing Department

 Absence of promotional activities.


Finance Department

 Cost of production is high.


 As profit on 2007( Rs,38,51,09,463) is less than that on 2006 (Rs.
41,96,52,158 ), it is obvious that the financial performance of the company in
the year 2007 is not up-to the mark as compared to the previous year.
HR Department

 Trade union intervention is more.


 Lack of training for the workers (plant).
 They recruit people directly or through PSC.
Medical Department

 Doctors are on contract basis.


 They conduct medical camps as per the preference of the employees of the
organization.
 Periodical check up for employees are there in the medical department.
Legal Department

 Complaints from the local inhabitants, nearby the company


 Pollution is the main problem faced by the company.

INSTITUTE OF MANAGEMENT IN KERALA


Project Department

 Only selection process done in the project department.


 As the PSU, no special preference to the government companies for the
selection of tenders.
Engineering Department

 Lack of sufficient workers in the engineering department.


 Every year one month shut down the plant for the maintenance work.
Safety and Environment Department

 Only one manager employed in the safety and environment department.


 The workers are not using safety tools.

6.2 SUGGESTIONS
1. Technological Up gradation
TTP Ltd still follows the old technology that needs to be replaced immediately so that
new technology up gradation could give TTP a much better output.

2. Pollution Control
If proper steps are taken to treat the liquid waste and vapour emission from the
company, the company will become zero pollution company. TTP should undertake
more projects to control the pollution.
3. Method of production
Adopt new method of production that will minimize the cost of production
4. New project
The management of the company should take steps to continue the Effluent
Treatment Plant Project submitted by the project department
5. Development of new products
Because of the wide applications of titanium products, the company can
develop new products using the R & D facility.
6. Introduction of good Management Information System
TTP Ltd doesn‟t have a good management information system. If it is
introduced in the company, the company should achieve a better integration
between the departments in the organization.
7. Training programme
Provide more training programmes to all the workers and office staff
of the organisation in order to develop their skills, knowledge and their attitude
towards works etc. This will automatically increase the production.

INSTITUTE OF MANAGEMENT IN KERALA


6.3 CONCLUSION
Titanium dioxide being an essential ingredient in almost all products that use in
our day to day life. It has grown as an important product and has created an annual
sales turnover of about more than 1.6 billion to Travancore Titanium Product Ltd.
The study helps to arrive at a conclusion that the TTPL is having a well efficient and
well educated management which is one of the main secret of its success. It is
supported with a good HR team and which will ultimately take the TTPL to the higher
level in the near future.
The pollution caused by the TTPL will be removed by the upcoming project of
effluent treatment plant. Thus TTPL by overcoming all the existing limitations and
drawbacks, it will come forward and exploit the monopoly market of TiO 2.

INSTITUTE OF MANAGEMENT IN KERALA


7.BIBLIOGRAPHY

 Information Brochures and Journals, TTP Ltd.


 Departmental Manuals

Books

1. Stewart R Clegg, Stewart Clegg, Cynthia Hardy (1999), Studying


Organization: Theory and Method, SAGE Publications.
2. Ashwathappa (2007) , Human Resource Management, New Delhi: Tata
McGrawhill
3. Jay Heizer and Barry Render (2006), Principles of Operations Management,
Prentice Hall.
4. Dr.K.G.C Nair, Prof. P. Haridas, Prof. K. Vijayakumar, Dr. Johnson (2005), A
Systematic Approach to Costing, Trivandrum : Chand Publications.

Online Sources

5. http://www.rsc.org
6. http://www.indianyellowpages.com
7. http://www.tradeindia.com
8. http://www.travancoretitanium.com
9. http://www.wikipedia.com
10. http://www.google.com

INSTITUTE OF MANAGEMENT IN KERALA

You might also like