lOMoARcPSD|34589320

lOMoARcPSD|34589320

SUMMER TRAINING REPORT

ON

" A PRIMARY STUDY ENTITLED-“ACCOUNTS AND FINANCE

DEPARTMENT OF VBL”

Submitted in Partial Fulfillment of the requirements of

BACHELOR IN BUSINESS ADMINISTRATION

SESSION 2021-24

FACULTY DETAILS: STUDENT NAME:

MS. ARTI VERMA YASH SINGH

ASST. PROFESSOR ENROLLMENT NO: 07015601721

Dr. Akhilesh Das Gupta Institute of Technology & Management

(Affiliated to GGSIPU)
FC-26, Shastri Park, Delhi-110053
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DECLARATION

I hereby declare that this Summer Training Report titled A PRIMARY STUDY
ENTITLED-“ACCOUNTS AND FINANCE DEPARTMENT OF VBL”
submitted by me to Dr. Akhilesh Das Gupta Institute of Technology and
Management, Shastri Park is a bonafide work undertaken during the period from
14/08/2023 to 14/09/2023 by me and has not been submitted to any other
University or Institution for the award of any degree diploma / certificate or
published any time before.

Date: 29 /11 / 2023

Name: YASH SINGH
Enroll. No.: 07015601721
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Company Summer Internship Certificate

ACKNOWLEDGEMENT
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The successful completion of the project would be incomplete without the mention of the people who made it
possible.
I would like to take the opportunity to thank and express my deep sense of gratitude to my corporate mentor, Mr.
Abhishek Choudhary (Deputy Manager- Finance Department), Varun Beverages Limited. I am greatly
indebted to him for providing valuable guidance at all stages of the study, constructive suggestions, positive and
supportive attitude and continuous encouragement, without which it would have not been possible to complete the
project.

I would like to take the opportunity to thank and express a deep sense of gratitude to my Project Guide, Ms. Arti
Verma, Assistant Professor, BBA Department, Dr. Akhilesh Das Gupta Institute of Technology &
Management, New Delhi who in spite of her/ his busy schedule has co-operated with me continuously and has
provided valuable guidance at all stages of the study, that has been certainly indispensable for my project work.
I owe my wholehearted thanks and appreciation to Mr. Amit Yadav, Department Incharge, for continuous
encouragement and cooperation during the course of my study.
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TABLE OF CONTENTS
S. CONTENTS PAGE NO.
No.
1 Introduction to the topic

2 Objective of the study

3 Company Profile

4 Literature Review

5 Research Methodology

6 Data Analysis & Interpretation

7 Findings & Conclusion

8 References/ Bibliography

9 Annexure- to include questionnaire, balance sheets,

tables, reports if any

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CHAPTER 1 :
INTRODUCTION
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CHAPTER 1 : INTRODUCTION

Varun Beverages Ltd, part of the RJ Corp group, a diversified business conglomerate
with interests in beverages, quick-service restaurants, dairy and healthcare, is the
second largest franchisee in the world (outside US) of carbonated soft drinks (CSDs)
and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The
company produces and distributes a wide range of CSDs, as well as a large selection
of NCBs, including packaged drinking water. The Company has presence in 27 States
and 7 Union Territories in India and 5 other countries across the world viz. Nepal, Sri
Lanka, Morocco, Zambia & Zimbabwe. Further, It is is having 37 manufacturing
facilities, of which 31 are in India and 6 in International Geographies with more than
2,500 owned vehicles, more than 2,000 primary distributors and more than 100
depots.PepsiCo CSD brands produced and sold by the company include Pepsi, Diet
Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up
Nimbooz Masala Soda, Evervess Soda, Sting and Gatorade. PepsiCo NCB brands
produced and sold by the company include Tropicana (100%, Essentials & Delight),
Tropicana Slice, Tropicana Frutz, Seven-Up Nimbooz and Quaker Oat Milk as well as
packaged drinking water under the brand Aquafina. In addition, the company has also
been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.The
company has been associated with PepsiCo since the 1990s and over two and half
decades consolidated its business association with PepsiCo, increasing the number of
PepsiCo licensed territories and sub-territories covered by the company, producing
and distributing a wider range of PepsiCo beverages, introducing various SKUs in the
companys portfolio, and expanding the companys distribution network. As of March
2018, the company has been granted franchises for various PepsiCo products spread
across 21 States and two Union Territories in India. The companys share of PepsiCo
beverages volume sales ,based on sales to end customers, increased from 26.46% in
Fiscal 2011 to ~51% in Fiscal 2018. Although, India is the companys largest market,
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the company has also been granted the franchise for various PepsiCo products for the
territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe.As of March 2018,
the company has 20 manufacturing plants in India and five production facilities in the
international geographies (one each in Nepal, Sri Lanka, Morocco, Zambia and
Zimbabwe). In addition, the company has set up backward integration facilities for
production of preforms, crowns, corrugated boxes, plastic crates and shrink-wrap
films in certain of the companys production facilities to ensure operational
efficiencies and quality standards.The companys Promoter and Chairman Mr. Ravi
Kant Jaipuria has an established reputation as an entrepreneur and business leader and
is the only Indian to receive PepsiCos International Bottler of the Year award, which
was awarded in 1997.The company was incorporated as Varun Beverages Limited on
16 June 1995 at New Delhi as a public limited company under the Companies Act,
1956. The company obtained a certificate of commencement of business on 4 July
1995. The company is now a franchisee for PepsiCo products across 21 States and 2
Union Territories of India.On 5 April 2018, Varun Beverages announced its plans to
set-up a greenfield production facility (subject to receipt of necessary approvals) to
create in-house production capacity at Pathankot district of Punjab for Tropicana fruit
juices, Quaker Oats Milk based Beverages and Gatorade. Spread over ~41 acres, it
will be the first fully backward integrated facility in India to manufacture the
complete range of above products including carbonated soft drinks (CSD) at a single
location. The expansion is to take advantage of the growing demand of Juice Based
beverages for health conscious consumers.On 3 May 2018, Varun Beverages
informed the stock exchanges that a new unit at Nawalparasi District in Napal, under
Varun Beverages (Nepal) Private Limited, a wholly owned subsidiary of the
company, started commercial production with effect from 2 May 2018.The Board of
Directors in their meeting held on February 18, 2019 approved, its intent to enter into
a binding agreement with PepsiCo India Holdings Private Limited to acquire franchise
rights in South and West regions o f India from PepsiCo for a national bottling, sales
and distribution footprint in 7 States and 5 Union Territories. In May 2019, the
Company acquired franchise rights in South and West regions from PepsiCo for a
national bottling, sales and distribution footprint in 7 States and 5 Union Territories of
India. It acquired franchise rights in the states of Gujarat, Telangana, Kerala, Tamil
Nadu and parts of Maharashtra, Karnataka, Andhra Pradesh and in Union Territories
of Daman & Diu, Dadra & Nagar Haveli, Andaman & Nicobar Islands, and
Lakshadweep and Puducherry, except Yanam. In February 2019, it acquired territorial
rights from SMV Group for parts of Maharashtra (14 districts), Karnataka (13
districts) and Madhya Pradesh (3 districts). As part of the aforesaid allotment, 38,418
Bonus Equity Shares representing fractional entitlement(s) of 76,836 eligible
Members were consolidated and allotted to Varun Beverages Limited and the
aforesaid 38,418 Equity Shares were sold by the Trust on June 23, 2022 & June 24,
2022 and the net sale proceeds of the same were distributed to the eligible
Members.During the year 2022, the Company commenced manufacturing carbonated
soft drinks, juice-based drinks and packaged drinking water in Bihar; manufacturing
plastic preforms and closures at plant in Jammu & Kashmir and established a business
line for production of Kurkure Puffcorn for PepsiCo in Kosi, Uttar Pradesh.
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CHAPTER 2
OBJECTIVES
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OBJECTIVES OF STUDY

 To identify the services and products offered by VBL.

 To study and analyze the customer perception and preference about VBL.
 To analyze past and present trends of company.
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CHAPTER 3
COMPANY PROFILE
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Profile of Organisation

Varun Beverages Limited (VBL or Company) is a key player in the beverage industry and one of the
largest franchisees of PepsiCo in the world (outside the USA). The Company produces and distributes a
wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages
(NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD
brands produced and sold by VBL include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon,
Mountain Dew, Mountain Dew Ice, Seven-Up Nimbooz Masala Soda, Evervess, Sting, Gatorade, and
Slice Fizzy Drinks. PepsiCo NCB brands produced and sold by the Company include Tropicana Slice,
Tropicana Juices (100%, Delight, Essentials), Nimbooz, as well as packaged drinking water under the
brand Aquafina. VBL has been associated with PepsiCo since the 1990s and has over two and half decades
consolidated its business association with PepsiCo, increasing the number of licensed territories and sub-
territories covered by the Company, producing and distributing a wider range of PepsiCo beverages,
introducing various SKUs in the portfolio, and expanding the distribution network. As of date, VBL has
been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India.
VBL has 31 manufacturing plants in India and 6 manufacturing plants in international geographies (two in
Nepal and one each in Sri Lanka, Morocco, Zambia, and Zimbabwe). VBL’s share of PepsiCo beverages
volume sales increased from ~ 26% in Fiscal 2011 to 85%+ now. Although India is VBL’s largest market,
it has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka,
Morocco, Zambia, and Zimbabwe. VBL is part of the RJ Corp group, a diversified business conglomerate
with interests in beverages, quick-service restaurants, dairy, and healthcare. VBL’s Promoter and
Chairman Mr. Ravi Kant Jaipuria has an established reputation as an entrepreneur and business leader and
is the only Indian to receive PepsiCo’s International Bottler of the Year award, which was awarded in
1997. He was also awarded the ‘Distinguished Entrepreneurship Award’ at the PHD Annual Awards for
Excellence 2018.

Mission: Being a Global, Growth Oriented, and Profitable Organization by: -Offering the best quality &
refreshing product to every customer & consumer. -Being a preferred employer provides a consistent
growth path, respect & empowerment. -Creating value for our stakeholders by driving excellence in our
operations. Being responsible towards environment & society.

Vision: To become the most Successful & Profitable Beverage Company in the world having Market
Leadership in the territories we operate.
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Chapter 3
Literature Review
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Review of literature:
INTRODUCTION TO HUMAN RESOURCE MANAGEMENT

Human Resource (or personnel) management, in the sense of getting things done through
people, is an essential part of every manager’s responsibility, but many organizations find it
advantageous to establish a specialist division to provide an expert service dedicated to ensuring that the
human resource function is performed efficiently.
“People are our most valuable asset” is a cliché, which no member of any senior management
team would disagree with. Yet, the reality for many organizations is that their people remain undervalued,
under trained and under utilized.The market place for talented, skilled people is competitive and
expensive. Taking on new staff can be disruptive to existing employees. Also, it takes time to develop
‘cultural awareness’, product / process / organization knowledge and experience for new staff
members.

FUNCTIONS OF HUMAN RESOURCE MANAGEMENT

Following are the various functions of Human Resource Management that are essential forthe effective
functioning of the organization:1. Recruitment2. Selection3.
Induction4. Performance Appraisal5. Training & Development

Recruitment:
The process of recruitment begins after manpower requirements are determined in terms ofquality through
job analysis and quantity through forecasting and planning.

Selection:
The selection is the process of ascertaining whether or not candidates possess the requisitequalifications,
training and experience required.

Induction:
Induction is the technique by which a new employee is rehabilitated into the changedsurroundings and
introduced to the practices, policies and purposes of the organization.
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Chapter 4
Research Methodology
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RESEARCH METHODOLOGY

The research methodology I used for this project is simple and easy in comprehending. I haveused two
methods for collecting the desired information regarding PepsiCo Human ResourceManagement and
Performance appraisal which were primary and Secondary data collectionmethod. I have conducted a field
study by visiting the HRM department of Varun Beverages.I have interviewed the Head of the HR
department Ms. Jyoti Verma. and got the followinginformation.

The data source:

Primary as well as Secondary.

The research approach:

Survey Method.

The research instrument:

Questionnaire.

The respondents:
The Managers& Employees of Varun Beverages. The primary data was collected with the help of survey
information. A concise questionnaire was prepared keeping in mind the information specifications

Type of Research
A Research design specifies the methods and procedures for conducting a particular study. Itis amap (or)
blue print to which the research is to be conducted. The research design will givea clear cut idea of the
procedure to be followed for the completion of the project. Theresearch has been carried out with certain
focused objectives which need to be fulfilled afterthe completion of the study. The completion of these
objectives will throw some light on the problem.

EXPLORATORY research
design has been considered as a suitable methodology for present study and for data analysis.

Sample size and method of selecting sample:

Sampling refers to the method of selecting a sample from a given universe with a view to draw conclusion
about that universe. A sample is a representative of the universe selected for study. Convenience sampling
is used in exploratory research where the researcher is interested in getting an inexpensive approximation
of the truth. As the name implies, the sample is selected because they are convenient.

This non probability method is often used during preliminary research efforts to get a gross estimate of the
results, without incurring the cost or time required to select a random sample.

There are two types of sampling:

Random Sampling
Random Sampling is a process of selecting the sample size randomly and no choice or preference to be
made about the selection of respondents for the market survey andQuestionnaire to be put forth against
him.
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Systematic Sampling
It is a sampling where the limited number of selected respondents is figure out based on somecriteria so
that only those respondents can be asked for the purpose of filling questionnaire.

Sample size:
The sample size for the survey conducted was 50 respondents. All were employees of VBLPepsiCo.

Random sampling Technique was used in the survey conducted.

RESEARCH DESIGN

Research design is the overall description of all the steps though which the projects have preceded from
the setting of objectives to the writing of the project report. The success of the project depends on the
soundness of the research design, which includes problem definition, specific method of data collection
and analysis and time required for the project.

SOURCES OF DATA COLLECTION

 THE PRIMARY SOURCES

•Collection of data with the help of questionnaire related to performance and personal traits of employees
and workers.
•Use of company’s performance appraisal form designed by the company’s HR Manager.

 THE SECONDARY SOURCES

•Books related to performance appraisal & induction policy.
•Handbook of the company.
•Internal survey of the organization.
•Searching on the internet for the significant information.
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Chapter- 5
DATA ANALYSIS
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CHAPTER- 6:

FINDINGS AND
CONCLUSION
Findings

● 86% of respondents hadn’t bought the IPO on monetary leverage while only 14% did.
● 68% of the respondents had properly assessed their risk factors while 32% had not.
● Only 44% of respondents go through the DRHP document before applying for the IPO
while 56% do not.
● 78% of the respondents research on the shareholding pattern of the company while 22%
respondents do not do it.
● 66% of the respondents relied on their own market research while 34% respondents relied
on other people’s advice to invest in an IPO.
● 48% respondents had bought the IPO based on it’s hype while 52% people respondents did
their thorough research to buy an IPO.
● Only 6% of respondents looked for the shareholding pattern of promoters and underwriters
after the IPO will be launched amd other 94% didn’t look to this detail.
● 40% of the respondents bought IPO’s for listing gains while 60% of the respondents bought
it for long term profits.
● 26% of the respondents looked at the shareholding pattern of underwriters while 74%
hadn’t.

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Suggestions

● Fastrac Finserv should focus on making a more inclusive and diverse curriculum and also
educate new investors about the intricacies of investing in IPO. They must be equipped
with detailed knowledge of the investing pattern they are going to pursue.
● DRHP and the importance of other important documents as well as a detailed report with
the company info must be communicated to the investors.
● Companies must include both the prospects for the listing gains as well as long term
benefits of entering in the particular IPO trade.
● Risk factor is an important aspect every investor should ascertain before investing.
Brokers need to help the investors properly assess the risk factor involved while applying
for the IPO. Investors should be provided with flexible leveraging options.
● Investors should be taught the comparison of OFS with Fresh Sale to accompany better
financial decisions.

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CHAPTER-7:CONCLUSION

We have gone through and assessed a number of factors which the new retails investors entails to
while subscribing the IPO, it will be in their best interest if they follow the recommendations
covered in this project report.

The findings of this report are not obnoxious and can easily be used by the new investors
entering in the IPO market. We do not contend that these findings are exclusive and have the
premiere etiquette, it stills sets a tranquil way for the investors to start the IPO journey.

The study also tries to determine whether these IPOs were underpriced in short run and identifies
various factors that influence the movement of such IPOs in the short run.

The study found that about 70 per cent of the IPOs are underpriced in short run and the
movement of these IPOs in short run is not influenced by the age of the company, issue size of
the IPO, ownership sector and the promoter’s holdings after the issue.

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Annexure

Questionnaire

1. Have you ever invested in equities market?

Yes

No

2. Have you ever invested in an IPO of a company?

Yes

No

3. Have you ever bought an IPO on monetary leverage?

Yes

No

4. Do you properly assign your risk factors before applying to the IPO?

Yes

No

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5. Do you also go through the DHRP of the company before buying it's IPO?

Yes

No

6. Do you look at the shareholding pattern and the subsidiaries of the company before
investing in it's IPO?

Yes

No

7. Do you rely more on Self research or on Expert's advice while deciding to buy the IPO?

Yes

No

8. Have you ever bought an IPO based on it's hype in the market rather than your own
thorough research?

Yes

No

9. Do you consider the shareholding pattern of promoters and underwriters after the IPO
will be launched in the market?

Yes

No

10. Do you prefer listing gains or long term profits while buying an IPO?

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Listing Gain

Long Term Profits

11. What factor is most crucial when deciding to buy an IPO?

Lot Size

Share Price

Price in Grey market

12. Do you also look at the underwriters and investment bankers involved in launching
company's IPO before buying the IPO?

Yes

No

13. Do you also consider the proportion of Offer for Sale(OFS) with Fresh Issue?

Yes

No

14. Do you consider the key financial metrics of the company like revenue growth,
profitability, ROI etc. while buying the IPO?

Yes

No

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15. Do you also factor the public sentiments towards the company before buying the IPO?

Yes

No

Bibliography

Internet:

● www.justdial.com

● www.moneycontrol.com

● www.investopedia.com

● www.ftfinsec.com

● www.wikipedia.com

● www.finnanceguru.com

● www.sptulsian.com

● www.valueresearchonline.com

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Tables

Table Name Page Number

Table 5.01 26

Table 5.02 27

Table 5.03 28

Table 5.04 29

Table 5.05 30

Table 5.06 31

Table 5.07 32

Table 5.08 33

Table 5.09 34

Table 5.10 35

Table 5.11 36

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Table 5.12 37

Table 5.13 38

Table 5.14 39

Table 5.15 40

Figures:

Figure Name Page Number

Fig 5.01 26

Fig 5.02 27

Fig 5.03 28

Fig 5.04 29

Fig 5.05 30

Fig 5.06 31

Fig 5.07 32

Fig 5.08 33

Fig 5.09 34

Fig 5.10 35

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Fig 5.11 36

Fig 5.12 37

Fig 5.13 38

Fig 5.14 39

Fig 5.15 40

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