LUMAX AUTO TECHNOLOGY

 
EXECUTIVE SUMMARY

Every organization needs to have well trained and experienced people to perform the

activities that have to be done. If current or potential job occupants can meet these requirements,
training is not important. When this not the case, it is necessary to raise the skills levels and increase
the versatility and adaptability of employees.I t   i s   b e i n g   i n c r e a s i n g   c o m m o n   f o r
i n d i v i d u a l   t o   c h a n g e   c a r e e r s   s e v e r a l   t i m e s   d u r i n g   t h e i r   working lives. The
probability of any young person learning a job today and having those skills go basically
unchanged during the forty or so years if his career is extremely unlikely, may be even
impossible. In a rapid changing society employees training is not only an activity that
an organization must commit resources to if it is to maintain a viable and
knowledgeable work force. The entire project talks about the training and
d e v e l o p m e n t   i n   t h e o r e t i c a l   a s   w e l l   a s   n e w concepts, which are in trend now. Here we
have discussed what would be the input of training if w e e v e r g o   f o r a n d h o w   c a n i t
b e   g o o d t o a n y   o r g a n i z a t i o n i n r e a p i n g   t h e b e n e f i t s   f r o m   t h e money invested in
terms like (ROI )i.e. return on investment. What are the ways we can identify the training need of any
employees and how to know what kind of training he can go for? Training being in different
aspect likes integrating it with organizational culture. The best and latest available
trends in training method, the benefits which we can derive out of it. How the evaluation
should be done and how effective is the training all together. Some of the companies practicing
training in unique manner a lesson for other to follow as to how train and retain the  best
resource in the world to reap the best out of it. Development is integral part of training if
somebody is trained properly and efficiently the developments of that individual and the
company for whom he is working. Here we discussed about development of  employees,
how much to identify the needs, and after developing how to develop executive skill to
sharpen their knowledge. Learning should be continues process and one should not hesitate
to learn any stage. Learning and developing is fast and easy at LUMAX industries ltd
LUMAX AUTO TECHNOLOGY

INTRODUCTION

OBJECTIVES OF THE STUDY

 The specific objectives of the study are:

 To examine the effectiveness of training in overall development of skills of workforce.

 To examine the impact of training on workers.

 To study the changes in behavioral pattern due to training.

To find out new methods of training and development in LUMAX, SIDCUL.I h a v e t r i e d

to take a view on the topic in a practical manner, so that the feedback
c a n b e  provided to the organization

METHODOLOGY

Methodolgy can be defined as-

“The analysis of the principles of methods, rules, and postulates 
e m p l o y e d   b y   a discipline”.

“The systematic study of methods that are, can be or have been a
p p l i e d   w i t h i n   a discipline”.

“A particular procedure or set of procedures”. Methodology includes a collection of

theories, concepts or ideas as they relate to a particular  discipline or field of inquiry:
Methodology refers to more than a simple set of methods rather it refers to the rationale and
the philosophical assumptions that underlie a particular study relative to the scientific method. Thisis
why scholarly literature often includes a section on the methodology of the researchers. This section
does more than outline the researchers’ methods might explain what the researchers
‘ontological or epistemological views are.
LUMAX AUTO TECHNOLOGY

Another key (though arguably imprecise) usage for methodology does not refer to research or
to
the specific analysis techniques. This often refers to anything and everything 
t h a t   c a n   b e encapsulated for a discipline or a series of processes, activities and tasks.
Examples of this are found in software development, project management and business process
fields. This use of the term is typified by the outline who, what, where, when, and why. In
the documentation of the processes that make up the discipline that is being supported
by “this” methodology that is where we would find the "methods" or processes. The processes
themselves are only part of the methodology along with the identification and usage of the standards,
policies, rules, etc. Researchers acknowledge the need for rigor, logic, and coherence in their
methodologies, which are subject to peer review.

 
Data collection:

Data was collected through both primary and secondary sources.

The Primaryd a t a   w a s   c o l l e c t e d   t h r o u g h   a d m i n i s t r a t i o n   o f   q u e s t i o n n a i r e   t h r o u g h  
P e r s o n a l   o b s e r v a t i o n . Secondary source includes article from magazines. Company's
manual and Internet was also used to collect data (secondary).

RESEARCH METHODOLOGY
 

 Personal observations

Secondary data was collected through

 Newspapers

 Magazines

 Internet
LUMAX AUTO TECHNOLOGY

SCOPE OF STUDY

In this project I havetriedto present details about the training and devel
o p m e n t  programs being presently followed in LUMAX SIDCUL and the feedback, I collected from
different employees during my interaction with them

LIMITATION OF STUDY

During my training period although the management and plant personnel were very co-
operative & extended their full support, yet there were following limitations associateswith my study
which I would like to mention
 
The scope of training and development can be explained with the help of
following points -exact position of performance of employees through their feedback.   

 Development of the employees through various training and development programs. 

 Developing altered of unbiased treatment to all employees
LUMAX AUTO TECHNOLOGY

INDUSTRY PROFILE

About Lumax Auto Technologies Ltd.

Lumax Auto Technologies Limited manufactures and sells auto components primarily in India. Its
product line includes two wheeler chassis, exhaust systems and mufflers, fork and handle bar
assemblies, and petrol tanks. The company also offers sheet metal and tubular welded parts, such as
side stands, main stands, and number plates; gear shift levers and parking brakes; head lamp, lamp
shed, and rear/fender assemblies; and tail lamps, blinkers, and windshields. Lumax Auto
Technologies Limited was formerly known as Dhanesh Auto Electricals Limited and changed its
name to Lumax Auto Technologies Limited in 2006. The company was founded in 1981 and is based
in Pune, India.

Founded in the year 1981, Lumax Auto Technologies Ltd is a part of the D.K. Jain Group of
companies that has carved its strong position in automotive parts like sheet metal parts, fabricated
assemblies, tubular parts for two wheeler and three wheeler industry. Under the aegis of Mr. D K
Jain, today Lumax Technologies has captured sizable market in its arena with an annual turnover of
over Rs.626 Crores 
(US$ 139.1 Million) including its subsidiaries. 

Lumax Technologies is a publicly traded company in India. The

shareholding pattern depicts a holding of 51% by Indian Promoters, and
49% is held by public, comprised of over 6,000 shareholders. 

Our customers are served from six modern manufacturing plants in India.

Of these, Three are located in Pune, Two plants in Aurangabad, and one
plant in Kala Amb in Himachal Pradesh. All these facilities are strategically located in the
Automotive industrial belt in the State of Maharashtra in West of India. Further, the Company has set
up a new facility in Himachal Pradesh. Our product line includes Two wheeler chassis, Exhaust
systems & Mufflers, Fork & Handle Bar Assemblies, Petrol tanks, Adjustor Motors, Auto lightings
 LUMAX AUTO TECHNOLOGY

among numerous others. 

Lumax Technologies has posted impressive financial growth of 50% in 2010-2011 and is on a rapid
growth spiral. Our advanced process engineering, manufacturing and testing facilities include :

A well-equipped tool development setup.

Robotic welding lines and SPMs.
Paint shops for internal heat resistance painting, powder coating and external painting.
Excellent capability for maintenance of jigs & fixtures

We, at Lumax Technologies - an ISO certified company - focus on customer satisfaction and quality
leadership and are committed to achieve excellence in quality of our products and services. The
dynamic management core at Lumax Technologies, through their insightfully crafted growth strategy
is very keen on building a powerful bond with a wider client base in India, & would be delighted to
serve you in our journey towards excellence.

Lumax Auto Technologies Ltd. Fundamental Company Report provides a complete overview of the
company’s affairs. All available data is presented in a comprehensive and easily accessed format. The
report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual
and quarterly forecasts made by stock market experts. The report also enables direct comparison to be
made between Lumax Auto Technologies Ltd. and its competitors. This provides our Clients with a
clear understanding of Lumax Auto Technologies Ltd. position in the Auto Parts Industry. 

 The report contains detailed information about Lumax Auto Technologies Ltd. that gives an
unrivalled in-depth knowledge about internal business-environment of the company: data about the
owners, senior executives, locations, subsidiaries, markets, products, and company history.

BOARD OF DIRECTORS
LUMAX AUTO TECHNOLOGY

Name Designation Status

Mr. Dhanesh Kumar Jain Chairman Executive
Mr. Anmol Jain Managing Director Executive
Mr. Deepak Jain Director Non Executive
Mr. Sandeep Dinodia Director Independent
Mr. Dhiraj Dhar Gupta Director Independent
Mr. Roop Salotra Director Independent
Mr. Milap Jain Director Independent

 DIRECTORS OF THE COMPANY

Mr. Dhanesh Kumar Jain

Mr. Dhanesh Kumar Jain, 70 years, is the Chairman of our Company. He is MBA by qualification.
He has work experience of 51 years in automotive industry and also in public relation, management
and administration skills. He also held the position. as a President of Automotive Component
Manufacturers Association of India. Currently, he is Chairman of Lumax Industries Limited and
Director and member in other group companies.

Mr. Anmol Jain

Mr. Anmol Jain, 34 years, is the Managing director of our Company. He is graduate in Finance by
qualification from Michigan State University, U.S.A. He started his career as management Trainee
in M/s GHSP, U.S.A. and thereafter joined M/s Lumax GHSP Industries Limited in India, as Vice
President on 05-12-2000 one of the Group Companies. Mr. Anmol Jain joined the Lumax Industries
Limited on 01-11-2003 as Vice President and was thereafter appointed as Executive Director on the
Board of the Company on 23-07- 2004.

Mr. Deepak Jain

LUMAX AUTO TECHNOLOGY

Mr. Deepak Jain, 38 years, is the Director of our Company. He has undergone extensive training at
I.I. Stanley Co. Ltd., U.S. and Stanley Electric Co. Ltd., Japan after qualifying his BBA from
Illinois Institute of Technology, U.S.A with specialization in Operations Management &
International Business. He joined Lumax Industries on 01-12-1996 as Management Trainee and
thereafter was promoted to Vice President. He was appointed as Executive Director on the Board of
Lumax Industries on 01-02-2001. Currently, he is Managing Director of Lumax Industries Limited.
He also held/holds various positions in different association. He has 17 years of experience in the
automotive Industry.

 Profile of other Directors

Mr. Sandeep Dinodia

Mr. Sandeep Dinodia, 51 y. Dinodia has rich experience in the fields of Assurance, Regulatory &
Financial Consulting. He has over twears, has done B.Com, LLB and FCA. Mrenty years experience
in his areas of practice and has been instrumental in the setting up of various enterprises in India
with the collaboration from International Association and companies. He provides valuable insights
into how companies can grow, diversify, and prosper to maximize their shareholder's wealth.

Mr. Dhiraj Dhar Gupta

Mr. Dhiraj Dhar Gupta, 62 years, has done B.Com (H) from SRCC DU in 1970. He is an
industrialist; he has more than two decades of rich and wide experience in Manufacturing
Automotive components, Finance & Marketing.

Mr. Roop Salotra

Mr. Roop Salotra, 63 years, has done Mechanical Engineer, followed by various Management
Development programs including Executive Program in Strategy & Organisation at Stanford
Business School. He has retired from SRF Group, after spending 24 years, as CEO and President.
He is actively involved with Confederation of Indian Industry (CII), particularly National Council
on Chemicals, National Council on Environment and National Council on Climate Change. He is
past Chairman (Northern region)of Indian chemical Council (ICC). Currently he is non-executive
 LUMAX AUTO TECHNOLOGY

director in one of the SRF group companies and also advisor to the Managing Director of SRF Ltd.

Mr. Milap Jain

Mr. Milap Jain, 62 years, has done B.A. (Pol.Sc. Hons.) from Revenshaw College, Cuttack. He has
retired as Chief Commissioner of Delhi, Income Tax Department, Government of India. He has
worked with Indian Revenue Service for over 38 years. In his last role as CCIT (1) Delhi, he was
responsible for administration & Tax Collection of the entire Delhi region. Prior to that, he
represented the country in various international forums and oversaw transfer pricing issues and
taxation & assessment of non-residents & foreign companies as Director General of International
Taxation. He received the 'The Prime Minister's Award for Excellence in Public Administration'.
Currently he is a Director of Mahavir International, a Charitable NGO, which is running five
hospitals in Delhi and a leading player in free eye-care.
 

 Another part of the report is a SWOT-analysis carried out for Lumax Auto Technologies Ltd..
It involves specifying the objective of the company's business and identifies the different factors that
are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand
company’s strengths, weaknesses, opportunities, and possible threats against it.

 The Lumax Auto Technologies Ltd. financial analysis covers the income statement and ratio
trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The
report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover,
credit ratios, and company’s long-term solvency. This sort of company's information will assist and
strengthen your company’s decision-making processes.
 In the part that describes Lumax Auto Technologies Ltd. competitors and the industry in
whole, the information about company's financial ratios is compared to those of its competitors and to
the industry. The unique analysis of the market and company’s competitors along with detailed
information about the internal and external factors affecting the relevant industry will help to manage
your business environment. Your company’s business and sales activities will be boosted by gaining
an insight into your competitors’ businesses.
 LUMAX AUTO TECHNOLOGY

 Also the report provides relevant news, an analysis of PR-activity, and stock price
movements. The latter are correlated with pertinent news and press releases, and annual and quarterly
forecasts are given by a variety of experts and market research firms. Such information creates your
awareness about principal trends of Lumax Auto Technologies Ltd. business.

Market Data
Unless stated otherwise, industry/ market data used throughout this Draft Prospectus has been
obtained from internal Company reports, and other industry publications i.e. Auto Component
Manufacturing Association of India (ACMA). Industry publications generally state that the
information contained in those publications has been obtained from sources believed to be
reliable, but their accuracy and completeness are not guaranteed and their reliability cannot be
assured. Although we believe that industry/ market data used in this Draft Prospectus is
reliable, it has not been independently verified
For additional definitions, please see the section titled “Definitions and Abbreviations” starting
on page [•] of this Draft Prospectus. Lumax Auto Technologies Limited

Forward-Looking Statements
This Draft Prospectus contains certain “forward-looking statements”. These forward-looking
statements generally can be identified by words or phrases such as “aim”, “anticipate”,
“believe”, “expect”, “estimate”, “intend”, “objective”, “plan”, “project”, shall”, “will”, “will
continue”, “will pursue”, “may” or other words or phrases of similar import. Similarly,
statements that describe our objectives, plans or goals also are forward-looking statements.
These forward-looking statements include statements as to business strategy, revenue and
profitability, Planed projects and other matters discussed in this Draft Prospectus regarding
matters that are not historical fact. These forward looking statement and any other projections
contained in this projections (whether made by us or any third party) involve know and
unknown risks, uncertainties and other factors that may cause actual factors that may cause
actual results, performance or achievements expressed or implied by such forward-looking
statements or other projections.
All forward-looking statements are subject to risk, uncertainties and assumptions about us that
LUMAX AUTO TECHNOLOGY

could cause actual results to differ materially from those contemplated by the relevant forward
looking statement. Important factors that could cause actual results to differ materially from our
expectations include, among others:
􀂾 General economic and business conditions in India
􀂾 The ability to successfully implement the strategy, the growth and expansion plans and
technology changes;
􀂾 Increasing competition in and the conditions of the Indian and global auto component
industry;
􀂾 Increases in employees costs, including wage levels;
􀂾 Changes in laws & regulations that apply to the auto component industry;
􀂾 Changes in political or social conditions in India;
􀂾 Changes in the value of the Indian rupee and other currencies, in particular the U.S.
Dollar and Euro;
􀂾 Changes in the Indian and International interest rates;
􀂾 The ability to retain the clients and acquire new clients;
􀂾 Changes in the pricing policies of those of competitors; and
􀂾 Unanticipated variations in the durations, size and scope of the projects.
For further discussion of factors that could cause our actual results to differ, please see “Risk
Factors” on page [●] of this Draft Prospectus. By their nature, certain market risk disclosures are
only estimates and could be materially different from what actually occurs in the future. As a
result, actual future gains or losses could materially differ from those that have been estimated.
None of the Company or any of their respective affiliates has any obligation to update or
otherwise revise any statements to reflect circumstances arising after the date hereof or to reflect
the occurrence of underlying events, even if the underlying assumptions do not come to fruition.
In accordance with SEBI requirements, the Company and the Lead Managers will ensure that
investors in India are informed of material developments until the grant of listing and trading
permission by the Stock Exchange.

Currency of Presentation
In this Draft Prospectus, all references to “Rupees” and “Rs.” and “Indian Rupees” and “INR”
are to the legal currency of the Republic of India; all references to “U.S. Dollars” and “US$” are
LUMAX AUTO TECHNOLOGY

to legal currency of United States; all references to “Euro” and “€” are to legal currency of
European Union (EU) countries.
In this Draft Prospectus, any discrepancies in any table between total and the sum of the
amounts listed are due to rounding-off. Any percentage amounts as set forth in “Risk Factors”,
“Business”, “Management Discussion” and Analysis of Financial Condition and Results of
Operations” and elsewhere in this Draft Prospectus, unless otherwise indicated, have been
calculated on the basis of our financial statements prepared in accordance with Indian GAAP.
Lumax Auto Technologies Limited

Auto Components Sector

The past few years have witnessed a continuous influx of global majors in India. Many auto
majors have established facilities which have also be aided by liberal government policy. India
has crossed million mark last fiscal which has set domestic auto industry on an upswing. Local
as well as MNC auto manufacturers are launching the latest models in India. The domestic auto
industry has also come up with new and quality models. Consequently, importance of
requirement of auto components has been growing.
The present size of the Auto components industry in India is estimated at $8.7 billion, which is
0.4% of the global Auto components industry. It has grown @23% p.a. in the domestic market
and @ 34% in the export market in the last four years. It is expected to have 3% share of the
global market by 2015-16.
(Source: Company Management)
The Indian auto component industry has been growing at a CAGR 16% p.a. for past seven years.
As per estimates provided by Automobile Components Manufacturers Association of India
(ACMA), auto component exports are expected to reach USD 20-25 billion, growing at a CAGR
LUMAX AUTO TECHNOLOGY

of 33.4%. The main growth drivers for these are

i. Growth of domestic automobile market.
ii. The entry of foreign vehicle manufacturers and
iii. Growing cost pressures in the global automotive market.
In addition, exports present another huge opportunity in view of the out sourcing potential that
India offers on account of low cost skilled labor and world class manufacturing facilities.
(source: Cris Infac)

The two wheeler industry accounted for 77% of production followed by passenger cars
comprising cars and utility vehicles 14.5%, commercial vehicles 4% and three wheelers 4.5%.
The organized sector of the industry is fragmented. According to ACMA, the number of
automotive component manufacturers in India aggregate to 480 – of which sales of only 38
companies fall in the USD 50-500 million category, 220 companies fall under USD 5-15 million
category and 222 companies fall in the USD 1-5 million category.
The unorganized sector is also very large and includes counterfeits of reputed brands, a host of
local brands and reconditioning of old components.
Geographically, Indian automotive component manufacturers have come up in four clusters:
􀂙 Bangalore / Hosur / Chennai in south India
􀂙 Delhi / Ghaziabad / Gurgaon / Faridabad / Lucknow in north India
􀂙 Mumbai / Nasik / Pune in western India
􀂙 Uttarpara / Jamshedpur in eastern India.
(Source: Company Management)

Business of the Company

Lumax Auto Technologies Limited (LATL) is a part of the DK group of companies, who has also
promoted Lumax Industries Limited (Lumax). Lumax is the leader in automotive lighting
Lumax Auto Technologies Limited systems and has a technical and financial collaboration with
Stanley Electric Co. Ltd. (Stanley) of Japan.
LUMAX AUTO TECHNOLOGY

LATL manufactures components for two wheeler and three wheeler industries. It manufactures
sheet metal products and lighting systems for two and three wheelers. Its main customers are
Bajaj Auto Limited, Maharashtra Scooters and Lumax Industries Limited.
Our product range includes following

1) Lighting - headlamps, tail-lamps, blinkers, fog lamps, engine lamps, fairing assemblies.
2) Sheet Metal & Fabrication – chassis assembly, silencers, petrol tank, fork assemblies, handle
bar assemblies, stand assembly.

Competitive Strength

We have well established research and development centre which is equipped by latest testing
facilities and constantly evaluate to upgrade products to adopting latest trends.
Product development and development capabilities include operating platform like CAD, CAM
and unigraphics development and designing of product to the specific needs of the Company
We are currently supplying to one of the biggest two wheeler manufacturing company located
in Pune and our Group Company - Lumax Industries Ltd.

Business Overview

Lumax Auto Technologies Limited was incorporated in 1981. The Company manufactures
automotive components for the 2 wheeler and 3 wheeler industry. It manufactures sheet metal
products and lighting systems for 2 and 3 wheelers. Its main customers are Bajaj Auto Ltd.,
Lumax industries Ltd. and Maharashtra Scooters Ltd. The company has five manufacturing
LUMAX AUTO TECHNOLOGY

facilities located at one at Bhosari, one at Chakan and three units at Waluj all in Maharashtra.
Location of the Project
Locations of the projects are mentioned in the section ‘Objects of the Issue’ at page no. [􀀠] of
this Draft Prospectus.

Manufacturing Process
INCOMMING INSPECTION OF ALL LOOSE
COMPONENTS
BASE COAT OF REFLECTOR
METALLISING OF REFLECTOR
TOP COATING OF REFLECTOR
SEALING OF LENS & REFLECTOR
ASSEMBLY OF BEAM WITH MOUNTING RIM
HOLDER FITTING WITH BULB
FINAL ASSEMBLY OF THE ITEMS
INSPECTION & TESTING
DESPATCH
Lumax Auto Technologies Limited These products are being manufactured using Sheet metal /
Plastic Reflectors. Reflectors are being coated with stoving lacquer & Aluminum Vacuum
Metallising process using dipping & spraying method. Reflector & lens (Glass / Clear Plastic) sealed
with ultrasonic vibration in case of plastic & cold melt adhesive in case of sheet metal.
Assembly of Sealed Beam & Mounting Rim is being made with fasteners / locking clips. Bulbs
are being used for these assemblies are of S2 & HS1 type.
All these assemblies are being tested to fulfill the environmental as well as performance testing
as per respective National & International standards like Photometric / Vibration / Water Spray Heat
distortion etc. Sheet Metal & Fabrication Products:

INCOMMING INSPECTION OF ALL LOOSE

COMPONENTS
PIPE BENDING, PRESSING, DRAWING OF THE
COMPONENTS
LUMAX AUTO TECHNOLOGY

TACK WELDING OF THE ITEMS USING JIGS &

FIXTURES
SPOT WELDING, BRAZING ETC.
FULL WELDING OF ALL THE ASSEMBLY
SPATTER REMOVING & GAUGING
INSPECTION & TESTING
DESPATCH

Raw Material like MS / SS Tubes / Sheets are being used to manufacture these products.
Shearing / Cutting / Bending / Drawing are the process. CNC bending and Power Presses are
the machines which are engaged with the processes. As per process sequence chart welding is
done to assemble the various parts.

Jigs / Fixtures & Relation gauges are the tools by which the product quality & performance is
being confirmed.
Suppliers

Some of the major suppliers are:

• Tata Iron & Steel Company Ltd.
• G.E. India Ltd.
• Premier Engineers
• Surya Auto Industries
• Super Traders
• KLT Automative and Tabular Products Ltd.
• Keshardeep Pressings

QUALITY
LUMAX AUTO TECHNOLOGY

We at LATL in the new millennium, with focus on customer satisfaction and market leadership, are committed to achieve
excellence in quality of our products and services. LATL has modern Manufacturing and Testing facilities in India. 

LATL is an ISO 9001 : 2000 Company.

   
 
   
Date of the Event
13 th May 2014

Venue of the Event 

Hotel J.W. Marriott, Senapati Bapat Road, Pune.

Theme of the Event

Bajaj Vendor Convention 2014. 

Name of the Award 

BAL TPM Award to LATL Chakan plant. 

Names of the person giving (L to R) the award

Mr. Anmol Jain (Managing Director) ,Mr. Rajesh Dubbewar (V.P. Operations) & Mr. Ramachandra Murthy Hegde (A.G.M. -
Plant Head Chakan) receiving the award.
   

   
LUMAX AUTO TECHNOLOGY

   
Date of the Event
30 th Sep 2013

Venue of the Event 

BAVA Convention held at Hotel Le Meridien, Pune

Details of senior management receiving the award (R to L)

Mr. Prasad Joshi (Plant Head - PCNTDA), Mr. Pramod Khatavkar (Manager Production) and Mr. Dinkar Agre (Sr. Manager
Production) 

Names of the person giving (L to R) the award

Mr. D.V. Ranganath - V.P. Materials. and Mr. Kailas Zanzari - V.P. Mfg of Bajaj Auto Ltd.

   

   
 

   
Date of the Event
19 th June 2013

Venue of the Event 

BAVA Convention held at Hotel President.

Theme of the Event

“Quality Bronze Award” for maintaining zero ppm from Oct'12 to Mar'13
LUMAX AUTO TECHNOLOGY

Details of senior management

Mr. Rajesh Dubbewar , Mr.Manaskumar Bose

Names of the person giving the award

Mr. Avinash Kalkundri (G.M. - 3 wheeler) & Mr. Ram Bhogale of Marathwada Autocomp. Pvt. Ltd.

   

   

   
LUMAX AUTO TECHNOLOGY

MANUFACTURING LOCATIONS
LUMAX AUTO TECHNOLOGY

FUNCTIONAL DEPARTMENT
LUMAX AUTO TECHNOLOGY

TRAINING AND DEVELOPMENT IN LUMAX

In the field of human resource management , training and development is the field
concernedwith organizational activity aimed at bettering the performance of individuals and gr
oupsinorganizationalsettings. It has been known by several names, including employee
development,

Human Resource Development, And Learning And Development

Harrison observes that the name was endlessly debated by the

Chartered and Developmentduring its review of professional standards in 1999/2000. "Employ
eeDevelopment" was seen as too evocative of the master-slave relationship between employer

and employee for those who refer to their employees as "partners" or "associates" to be

comfortable with. "Human Resource Development" was rejected by academics, who objected to
the idea that people were "resources" — an idea that they felt to be demeaning to the
individual. Eventually, the CIPD settled upon "Learning and Development", although that was
itself not free from  problems, "learning" being an over general and ambiguous
name. Moreover, the field is
stillwidelyknownbytheothernames.Training and development encompasses three main activities
: training, education, anddevelopment. Garavan, Costine, and Hearty, of the Irish Institute of
Training and Development, note that these ideas are often considered to be synonymous.
However, to practitioners, they encompass three separate, although interrelated, activities