TIDC INDIA

A SUMMER INTERNSHIP REPORT

Submitted by
JACOB VARGHESE
LMC22MBA025
in partial fulfillment for the award of the degree
of
MASTER OF BUSINESS ADMINISTRATION
of APJ Abdul Kalam Technological University

DEPARTMENT OF MANAGEMENT STUDIES

LOURDES MATHA COLLEGE OF SCIENCE AND TECHNOLOGY
KUTTICHAL, THIRUVANANTHAPURAM-695574, KERALA
JANUARY 2024
 CERTIFICATE

This is to certify that the internship report submitted by JACOB VARGHESE (LMC22MBA25)
in the partial fulfillment of the requirement of the award of the degree of Master of Business
Administration of APJ Abdul Kalam Technological University is a bonafide record of work done
by JACOB VARGHESE under my guidance and supervision at Lourdes Matha College of Science
and Technology, Kuttichal, Thiruvananthapuram.

Mr. Ninu John Dr. Syamnath R S

Faculty Guide Head of Department

 DECLARATION

I, JACOB VARGHESE, MBA student of LOURDES MATHA COLLEGE OF SCIENCE AND

TECHNOLOGY; hereby declare that this summer internship study entitled “An Internship at
TUBE INVESTMENTS INDIA Ltd.” under the Guidance of Mr. NINU JOHN Asst. Professor,
Department of MBA, LOURDES MATHA COLLEGE OF SCIENCE AND TECHNOLOGY, is
the result of my original work done during the Summer Internship. The matter included in this
report is not a reproduction of any source. We are declaring that this internship report has not been
submitted elsewhere for any other degree, diploma, title or recognition before. The findings in this
project report are based on the data collected by me and are not a reproduction from any sources.

Place : JACOB VARGHESE

Date :
 ACKNOWLEDGEMENT
It is my proud privilege to release the feelings of my gratitude to several persons who helped me
directly or indirectly to conduct this internship work.

The Internship opportunity I had with TIDC INDIA was a great chance for learning and
professional development. Therefore I consider myself as a very lucky individual as I was provided
with an opportunity to be a part of it. I’m also grateful for having a chance to meet so many
wonderful people and professionals who led me through this internship period.

I pay my deep sense of gratitude to Mr. Sunil Varghese, Sr. General Manager- Human Resource
of TIDC India for giving me this opportunity to carry out my work in their esteemed institution
and for providing me all the facilities in the organization for the successful fulfillment of my work.

I express my deep sense of gratitude to Dr.Syamnath R.S, Head of Department in Management

Studies, Lourdes Matha College of Science and Technology for his immense support and
inspiration in completing this work.

I am obliged to Mr. Ninu John, Asst.Professor, Department of MBA, for his guidance, monitoring
and constant encouragement throughout the course of internship.

Finally, I would like to extend my deep gratitude towards my family and my friends for their
support in carrying out this work successfully.

Above all to Almighty God, for the spiritual enlightment, the source of knowledge, understanding
and wisdom. From him I owe all that I have and all that I am!

JACOB VARGHESE
 EXECUTIVE SUMMARY
This report is the result of 45 days internship. To improve my skills and educational knowledge of
Human Resource Management I did my internship in TIDC India. During the internship it was
required to study the organization, departments of the organization and critically relate the
theoretical aspects of the organization to the practical situation. For that purpose I was assigned to
practically work with the HR department in TIDC India.

The Human Resources are the most important aspect of an organization. The success or failure of
an organization is largely dependent on the caliber of the people working therein.

Although 45 days duration for studying such large organization by no means is enough, but I have
tried my level best to cover all the areas of the organization in my report. In this report, I have
given that how different departments of TIDC operate especially the HR department of the
organization.

In the last of this report, a SWOC analysis of TIDC is given which is the most important part of
the report that shows what are internal strength and weakness and external opportunities and
threats. Through this study it is understood that the company provides training for improving the
skills of the employees and also conducting effective training programs for the employees
according to their needs.
 LIST OF CONTENTS

SL NO. TITLE PAGE

NUMBER
1. INTRODUCTION 1-4
1.1 Objectives Of Internship 3
1.2 Industry Profile 3
2. ORGANIZATIONAL ANALYSIS 5-26
2.1 Organizational Structure 6
2.1.1 Duties And Responsibility 7
2.2 Company History 8
2.2.2 Company Logo 10
2.2.3 Company Vision 10
2.3 Products 10
2.4 Company Financial 16
2.5 Profile Of Departments 17
2.6 SWOC Analysis 20
2.7 Organizational Policies 21
2.8 Competitors Review 26
3. POSITIONING OF INTERN 27-28
3.1 Positioning Of The Intern 28
3.1.1 Duties And Responsibility of Intern 28
4. INTERNSHIP OVERVIEW 29-34
4.1 Weekly Activity Report 30
4.2 Contribution Of Intern To The Organization 32
4.3 Knowledge Gained 32
4.4 Work Samples 33
5. CONCLUSION 35-36
6. REFERENCES 37-38
 LIST OF FIGURES
SL NO. TITLE PAGE NUMBER
2.1 Organizational Structure 6

2.2 – 2.11 Products 11 - 15

2.4.1 – 2.4.2 Company Officials 16

3.1 Positioning Of Intern 28

4.1 – 4.4 Work Samples 33 - 34

 LIST OF TABLES
SL NO. TITLE PAGE NUMBER
1 Weekly Activity Report 30 - 31
 CHAPTER 1

INTRODUCTION

1
An organization is a structured and purposeful group of people or entities that come together to
achieve common goals or objectives. Organizations typically have a defined structure with specific
roles and responsibilities for members, a hierarchy of leadership, and established procedures to
accomplish their objectives efficiently. An organizational study, also known as organizational
analysis or organizational assessment, is a comprehensive examination and evaluation of an
organization's structure, processes, functions, and overall performance. It is a systematic approach
to understanding how an organization operates and identifying areas for improvement.

Organizational studies encompasses the study of organizations from multiple viewpoints, methods,
and level of analysis. An organizational study involves the study of the structure and functioning
of its departments. Organizing or organization is one of the important function of the management.
Generally, all the organizations are different but, they have certain common features. They are
group of people linked together by formal and informal relationship, in hierarchical order that are
engaged in co-operative activities and everyone has identical boundaries. So the study of people
in organization is important for future manager. Internships are short-term opportunities for
students at a company in their field of study. A summer internship is an excellent experience for
management students. It allows students to apply what they have been learning, test the theories,
and refine their professional and social skills in a real-world setting. An internship provides a
great professional and social experience. The ability to manage others and to work effectively with
a team cannot be learned in any other way. MBA internship allows students to put the theoretical
knowledge gained during their coursework into practical use. This practical application enhances
their understanding of business concepts and strategies, bridging the gap between theory and real-
world business scenarios. It is a crucial and transformative experience for business students. It
serves as a bridge between academic learning and practical application, providing students with
the skills, experience, and confidence needed to succeed in their careers. Additionally, it offers an
excellent platform for networking, industry exposure, and potential job opportunities, making it an
integral part of the MBA journey.

The company which I have selected for my Internship is TIDC India which is situated in Chennai.

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1.1 OBJECTIVE OF THE INTERNSHIP
 To learn about the organizational structure of TIDC India
 To gain practical knowledge about the organization
 To understand business concepts and strategies in the organization
 To increase efficiency in doing work
 To develop and enhance a range of skills relevant to the Human Resource Management
 To expand theoretical and practical knowledge
 To meet new people and build professional network
 Building a strong network can open doors to future job opportunities

1.2. INDUSTRY PROFILE

Manufacturing is the production of goods in large quantities after processing the raw materials into
more valuable products. The industries are transforming goods of some sort through a combination
of human labor, automated equipment, chemical processing, tooling, and similar systems, that is,
mainly manufacturing industries in their own right, but they also concern the repair and installation of
industrial equipment and subcontracting operations for third parties. Manufacturing relies on main
steps of fabrication, processing, and preparation of goods. The economic might of a nation is measured
by the development of manufacturing industries. The location of manufacturing industries is dependent
on the availability of adequate labour, power, and capital. Manufacturing industries are considered to
be the backbone of economic development in a country.

Today, technology is causing the country’s economy to move towards offering services as opposed to
producing goods. However, it is becoming clear to economists that a healthy manufacturing industry
is one of the hallmark indicators of a healthy, thriving economy. Manufacturing does not only entail
the use of tools and machinery; it can also involve the production of delicacies like jam, pickles, and
handcrafted goods on a small scale as well as handcrafts and baked goods. Modern manufacturing
includes all intermediate processes involved in the production and integration of a product’s
components. Some industries, such as semiconductor and steel manufacturers, use the term fabrication
instead. The nation’s manufacturing and agriculture sectors are the two fundamental foundations of
the country’s economy, both now and in the future. Both actually rely on one another to some degree,
and when they work well together, they may advance the nation as whole. The bulk of items were

3
produced by hand prior to the Industrial Revolution, and manufacturing has been more significant ever
since. The manufacturing sector has altered not just the agricultural landscape but also the textile and
petroleum industries. It has a favorable impact on the nation’s economy, and more research on it well
encourage further innovation. The Engineering and Industrial design sectors have significant ties to the
manufacturing industry.

TIDC is in a continuous search for improving the way they work and in the quest; they arrived at a
technology breakthrough, namely Fine Blanking. They began operations in 1996 and have become,
since then, a preferred supplier to all the major global OEMs. They takes pride in serving its customers
with superior quality products at competitive products at competitive prices. It manufactures fine
blanked components for 2 wheelers and 4 wheelers and other industrial segments for varied
applications. Fine blanking produces close tolerance parts from materials of higher thickness. Cut
edges are 100% free of tear and in most cases; parts are suitable for mechanical function without the
need of subsequent machining. This technology enables production of “Near net Shape” and even
ready to assemble sheet metal parts. The automotive sector now has specialized requirements for the
manufacturing of highly precise parts for engines, transmission ports, breaking systems, door locks,
window lifters, gearboxes, etc. thanks to fine blanking technology.

Fine blanking as a process is technology intensive and requires tooling that is precise and accurate.
TIDC have the required tooling that enables them to produce parts of thickness between 1.6mm and
16mm with close tolerances. Fine blanking is a specialized procedure that combines stamping and cold
extrusion. Fine blanking is used to economically generate smooth wall surfaces without the errors
caused by the stamping process, with specialized tooling and methods.

TIDC have the wherewithal to source specially steels, subjected to high temperature annealing for
spherodization from global specialty steel manufacturers. This inputs enables TIDC to produce
components without any fracture or tear mark. All the tool steels are imported and tooling forms the
basis for fine blanking. They have the expertise of manufacturing tool parts and they are well known
in India and across the globe for manufacturing Safety critical components for the automotive industry
(gear shift levers, seat belt components, etc.). They also export to countries like Indonesia, Malaysia,
Germany, and Switzerland.

4
 CHAPTER 2

ORGANIZATIONAL ANALYSIS

5
 2.1 ORGANIZATIONAL STRUCTURE

The configuration of a business, group, or team is known as its organizational structure. It may
have several tiers of management in a hierarchical structure. Organizational structures are crucial
because they enable companies to adopt effective procedures for making decisions. TIDC is
functioned according to the hierarchy from the Board of Directors to staffs of the company.

BOARD OF DIRECTORS (TIDC)

EXECUTIVE PRESIDENT
EXECUTIVE INDEPENDENT MANAGING & WHOLE-
VICE
CHAIRMAN DIRECTORS DIRECTOR TIME
CHAIRMAN
DIRECTOR

BOARD OF DIRECTORS (TIDC)

GM/HR MANAGER

FINANCE MANAGER MARKETING OPERATIONS

MANAGER MANAGER

STAFFS STAFFS STAFFS

Fig 2.1: Organizational structure

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2.1.1 Duties & Responsibilities
2.1.1.1 Board of Directors
The board of directors is a body of elected or appointed members who jointly oversee the activities
of a company or organization, which can include a non-profit organization or a government agency
or corporation. TIDC Board of Directors including Executive chairman, Executive vice chairman,
four Independent Directors, Managing Director and president & whole- time director. Their duties
and responsibilities are:-

 The board hires the executives and is responsible for overseeing their performance and
ensuring that they are acting in the best interests of the company.
 Establishing and maintaining the organization's mission, vision, and values.
 Developing and approving strategic plans.
 Ensuring compliance with laws and regulations.
 Establishing risk management policies.
 Establishing a code of conduct and ethical guidelines.
 Conducting regular assessments of board and individual director performance and
implementing changes to improve board effectiveness.
 Building and maintaining positive relationships with the community and the public and
representing the organization at public events.
 Representing and communicating with stakeholders, including shareholders, employees,
customers, and the community and maintaining transparency and accountability to
stakeholders.
 Setting the overall direction and strategy for the organization and evaluating and approving
major business decisions.

2.1.1.2 General Manager

The role of a general manager is crucial to the functioning of any organization. They are in charge
of overseeing the operations of a department or a branch of a company. The duties and
responsibilities are as follows:-

 Managing day-to-day operations to ensure efficiency and effectiveness.

7
  Overseeing key business functions, such as production, marketing, sales, and customer
service.
 Recruiting, hiring, and training employees and providing leadership and direction to the
management team.
 Making key decisions that impact the organization's overall performance.
 Serving as a liaison between different departments and levels of the organization and
communicating the organization's goals and objectives to employees.
 Implementing and monitoring quality control measures.
 Ensuring the organization operates within legal and regulatory frameworks.
 Encouraging innovation and continuous improvement within the organization
 Assessing the performance of the organization against key metrics and implementing
performance improvement initiatives.
 Responding to and managing crises or emergencies that may impact the organization.
 Establishing and maintaining relationships with key vendors and suppliers.
 Negotiating contracts and agreements.
 Conducting surveys and gathering feedback to improve the workplace.
 Ensuring a safe and healthy work environment and implementing health and safety
policies and procedures.
 Managing employee benefits programs, including health insurance and retirement plans.
 Mediating and resolving conflicts between employees.
 Conducting exit interviews to gather feedback from departing employees.

2.2. COMPANY HISTORY

One of the most reputable and trustworthy business groups in India, the INR 369 Billion (36,893
Crores) Murugappa Group, is the parent company of TIDC India, which designs and manufactures
TIDC India chains. The company known for its commitment to moral business conduct, creative
problem-solving, and employee development. Founded in 1900, the Murugappa Group is a
prominent commercial conglomerate in India, valued at INR 369 billion (36,893 crores).

The Group has 28 businesses including nine listed Companies traded in NSE & BSE.
Headquartered in Chennai, the major Companies of the Group include Carborundum Universal

8
Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company
Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd.,
Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd.,
Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

The group has established strong partnerships with top worldwide businesses and is a market
leader in several serviced categories, including abrasives, auto components, gearbox systems,
cycles, sugar, farm inputs, fertilizers, plantations, bio products and nutraceuticals. The Group has
a wide geographical presence all over India and spanning 6 continents. The Murugappa stable is
home to well-known brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's,
Chola, Gromor, Shanthi Gears, and Paramfos. The Group employs more than 50,000 people and
promotes a professional atmosphere.

The first business to be incorporated under the Murugappa Group's Engineering Segment is Tube
Investments of India Limited (TII). It started out making bicycles in 1949 at a facility in Chennai.
The goal of transforming TII into an engineering titan sparked the growth of important companies
that began producing chains in 1960 and precision tubes in 1955. In 1965, pioneer and leader in
precision value added sheet metal formed components.

2.2.1. Benefits that the customers get through TIDC

 Shortest possible time to market, as TIDC has in-house Design & Development.

 Assurance of the right Product quality & safety. Products developed go through rigorous
testing & certification.

 Increased profitability. TIDC's manufacturing cost advantages translate directly into

higher profits for their partners.

 Reliable & short delivery time. TIDC has built an excellent distribution network.

 Over 275,000 Sq. ft. of factory space, to roll out the products in sufficient numbers and
keeping with stringent quality control.

9
2.2.2. Company Logo

2.2.3. Company Vision

“Build a globally admired Indian Engineering Company creating stakeholder delight”.

2.3. PRODUCTS

2.3.1. TI Macho TMT Bars

High performance TMT bars are available from the House of TI, the Murugappa group firm,
through TI Macho. These TMT bars are produced using special, cutting-edge techniques, giving
them enhanced strength, ductility, toughness, and durability that rivals the best in the business.
The TI Macho rebar have a series of inherent advantages like consistent quality along with uniform
grades, dimension and tolerance. TI Macho’s unbeatable TMT rebar undergoes intensive and
advanced treatment to form a reliable and optimized micro – structure in cross section leading to
outstanding mechanical properties.

2.3.2. Industrial Chains

The customer section of TIDC India includes industry stalwarts such as Mitsubishi Caterpillar
Forklift America, Case New Holland, Bendix Commercial Vehicle Systems, Knorr Bremse, John

10
Deere, Atlas Copco, FLSmidth, CLAAS, ONGC, Godrej, Kion, Honda Motorcycle, Hero Moto
Corp, Bajaj Auto, Royal Enfield, Mahindra & Mahindra, Maruti Suzuki, Yamaha Motor & Ford.

TIDC Industrial Chains Division manufactures a wide spectrum of chains for usage in different
applications across various Industry verticals. We manufacture huge volumes that few
manufacturers worldwide can match from Standard Roller Drive Chains, Leaf Chains, Adapted
Chains, Agricultural Chains and Large Size Conveyor Chains.

2.3.2.1 Standard Roller Chains:

Designed for use in mechanical power transmission systems.

Fig 2.2

2.3.2.2. Attachment Chains:

Designed for use in conveying applications.

Fig 2.3
2.3.2.3. Extended Pin Chains:
Suitable to transfer parts to different work stations.

11
 Fig 2.4
2.3.2.4. Hollow Pin Chains:
Used in conveyor applications allowing easy insertion of cross rods.

Fig 2.5
2.3.2.5. Accumulator Chains:
Used for transporting parts which rests on the accumulator roller while the chain moves at a
constant linear speed.

Fig 2.6
2.3.2.6. Plastic Top Chains:
Combination of steel base chains and plastic covers to protect conveyed items.

12
 Fig 2.7
2.3.2.7. Poly Steel Chains:
Combination of plastic and stainless steel for extremely light weight and corrosion resistance.

Fig 2.8

2.3.3. Metal Formed Products

2.3.3.1. TIDC Auto Chains:
The market leaders in automotive chains, TIDC Auto
Chains takes pride in serving its customers with
superior quality products at competitive prices. Their
automotive business includes drive and timing chains
for motorcycles, as well as sprockets to support two-
wheeler OEMs and the market for spare parts.
TIDCs chains find wide acceptance in variety of
applications in the following industrial segments:
 General Engineering
 Construction Equipment
 Agricultural Machinery Fig 2.9

13
  Automotive Industry
 Process Industries (Cement, Mining, Power)
 Material Handling Industries

2.3.3.2. TIDC Fine Blanking:

TIDC Fine Blanking takes pleasure in providing its clients with goods of the highest caliber at
affordable costs. It produces fine blanked parts for 4 and 2 wheelers as well as other industrial
segments for a range of uses. When creating new products that benefit consumers, TIDC works in
partnership with them to build a collaborative strategy. For this, TIDC relies on extensive in-house
R&D and advanced design software. It has plants at Chennai, Hyderabad and Uttaranchal.

Fig 2.10

Fine blanking as a process is technology intensive and requires tooling that is precise and accurate.
They have the required infrastructure that enables to produce parts of thickness between 1.6 mm

14
and 16 mm with close tolerances. They have the wherewithal to source specialty steels, subjected
to high temperature annealing for spherodization from Global specialty steel manufacturers. This
input enables TIDC to produce components without any fracture or tear mark.
All tool steels are imported. Tooling forms the basis for fine blanking. They have the expertise of
manufacturing tool parts with a surface finish of 0.3µ Ra. This provides a high degree of freedom
in design options. They manufacture all kinds of tools namely - Compound tool, progressive tool
and transfer tool.
2.3.3.3. TIMF Auto

TI Metal Forming is a pioneer and leader in precision value added sheet metal formed
components.TIMF Auto manufactures car door frames, window and guide channels, impact
beams, hydro-formed parts, frames for various types of motor casings etc. It has manufacturing
locations at Chennai, Bawal and Sanand. The plants are strategically positioned closer to the OEM
customers to enable timely deliveries. Also these plants are certified with quality, environmental,
safety systems such as IATF, OHSAS with relevance to the business requirements.

2.3.3.4. TIMF Railways

TIMF Railways manufactures and supplies roll formed

sections for wagons and coaches apart from sub-
assemblies of sidewalls, end-walls and roof. It has
manufacturing locations at Chennai (Kakkalur) and
Laksar, Uttarkhand. The plants are strategically
positioned closer to the OEM customers to enable
timely deliveries. Also these plants are certified with
quality, environmental, safety systems such as IATF,
OHSAS with relevance to the business requirements.

Fig 2.11

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2.4 COMPANY FINANCIALS
Company’s Financials are encapsulated using financial statement. They are written records that
illustrates the business activities and the financial performance of the company.

Fig 2.4.1 Net sales

Fig 2.4.2 Profits

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2.5. PROFILE OF DEPARTMENTS

Departments in TIDC India Limited, are as follows:-

 HR & Safety
 Production
 Sales & Marketing
 Finance

2.5.1. HR & Safety

The Human Resources (HR) department in TIDC India plays a crucial role in managing various
aspects related to the organization's workforce. The department manages hiring, interviewing,
retaining, training, and terminating personnel as part of its efforts to manage the labour life cycle
inside the business. In addition, it evaluates worker performance and establishes pay and benefits.
Through training protocols, the HR department is also in charge of promoting the growth of human
resources. The HR department may have created these policies or the management may have
outlined them. In order to help new hires succeed in their positions, the department could also give
them access to a number of resources. Different stages of an employee’s career are planned
methodically by campus relationship programs, management trainee schemes, competency
development programs and succession planning. Over the years, the company has also developed
an excellent repository of trainers comprising the domain experts within the company. The
department facilitates the orientation process for new hires, ensuring they are integrated into the
organization smoothly.

The department provides training and development that ensures employees are updated on their
skills and improve their job performance. The department were likely support employees by
managing health plans, employee assistance programs, retirement planning, and disability benefits.

The safety department will function as an advisory committee and controlling agency. Their role
is to identify and control of unsafe conditions, practices and planning preventive measures and
development of programs, methods and relevant documentations and their control for accidents
prevention and loss control. They promote and propagate the Safety, Health & Environment along
with SHE committee and measure and evaluate the SHE performance. Safety Officers’ duties will

17
also cover all the requirements of the Factories Act / Rules and International Labour Organization
guidelines applicable to SHE. Safety department will monitor the functions and duties of the SHE
committee to ensure that it meets the requirements of the Factories Act.

The security along-with the safety department will look after preventive and defensive firefighting
system’s adequacy and activities. They will also organize fire drills, impart training on use of fire
extinguishing services and coordinate emergency mock drills. The department should be
responsible for their personal safety and also for that of their co-workers, equipment and facilities
and to observe safety conduct in all activities. They have to report conditions, actions and
consequent incidents in time and also to take remedial action that are possible and to take care of
personal health, hygiene and work environment.

2.5.2. Production Department

The production department is in charge of overseeing all aspects of production, designing items,
and manufacturing commodities. This department works closely with other departments such as
engineering, sales and marketing. The department's goals and duties encompass the entire
production process, from obtaining raw materials to delivering the final product to the client.
Ensuring the greatest quality of products or services for the organization is the main objective of
the manufacturing department. They are produced swiftly and delivered to clients on schedule.
This entails organizing the various steps involved in the production process, such as planning,
obtaining supplies, creating the product, and shipping it. They have to ensure that the products it
makes meet the quality standards set by the organization. This involves monitoring manufacturing,
testing items, and fixing any issues before selling them. The division needs to find ways to reduce
expenses without sacrificing the caliber of the goods it produces. This is possible with
optimization, waste reduction, and reasonably priced supplies and equipment.

The production division should constantly be searching for methods to improve, reduce costs, and
streamline the production process. This include determining what needs to be improved, putting
new technology and procedures into place, and providing workers with training. The production
department is in charge of how things are made. Running the production line, ensuring quality,
and fixing production issues are all part of this. The department is in responsible of monitoring the
stock level. This entails minimizing excess inventory while making sure there is adequate stock to
satisfy consumer demands. The machines and equipment utilized in the production process are

18
maintained by the department. This include scheduling routine maintenance and carrying it out,
resolving issues as they arise, and ensuring the equipment is in excellent working order. The
production department is an integral part of the company that makes or is focused on making
things. Their duties and objectives are all focused on making sure the production process is
profitable and efficient. By organizing, coordinating, and managing the manufacturing process,
the department can accomplish these objectives and assist the organization in achieving its
objectives.

2.5.3. Sales And Marketing

The most important responsibility of the sales and marketing team is setting realistic sales goals.
The sales manager handles marketing duties as part of his responsibilities. Both the company's
overall volume target and the quotas for individual sales representatives are determined by the
sales and marketing division. It develops commission and bonus arrangements in order to meet
sales targets. To determine which items will sell where and in what quantities, the division makes
use of expert estimates and historical sales data. The department determines which products to
promote where and in what quantities by utilizing sales projections and historical data. Since
marketing and sales managers spend a great deal of time directly interacting with customers, they
provide guidance when it comes to creating new services and products as well as enhancing and
personalizing the ones that are already available. Based on what customers want and need, they
may suggest adding new services or products to the organization's portfolio or changing existing
ones. The sales and marketing team are responsible for coming up with all the marketing material
and imagery. However, freelancers may need to be employed to create any material out of the
marketing teams’ skillset. The team need to ensure that their efforts align with the company’s
general objectives. TIDC is always looking for new innovations. To stay one step ahead of the
competition and to make sure that procedures are completely streamlined and made simple for
everyone involved, it should be the responsibility of the sales and marketing teams to make sure
they're utilizing the newest technology and applications.

2.5.4. Finance

The company's finance department serves a fundamental role in making financial decisions for
internal and external affairs. The department ensures that business operations function smoothly
and that income and expenses are under control. The department’s main function is the daily

19
account record keeping that entails reconciling a company's financial registers to make suitable
business decisions. Through bookkeeping and income statement preparations, the unit supports the
management in filing requisite financial data that's useful in managing funds. The department
develops long-term business plans, assesses economic trends, and determines its future investment
by examining its financial accounts. It aids in business decision-making by utilizing and
synthesizing information from financial analysis. The finance department plans and implements
the company's financial year budget. The department also conducts research and collects data that
assists in the organization's temporary and permanent financial forecast.

In addition to making sure there are adequate money available to cover the organization's daily
expenses, the finance department is also in charge of managing the cash flow of the business. In
order to make sure the business is paid on time, this section also includes the credit and collections
policies for the company's clients. It also includes regular payment procedures for the company's
suppliers. The department's professionals manage the organization's revenue and expenses to
guarantee that they have the funds to complete tasks and achieve objectives. To steer the
development of the business as a whole, they give managers and department heads in other
department’s guidance about their financial plans and budgets.

2.6. SWOC ANALYSIS

Businesses identify the internal and external elements that directly affect their operations by using
the Strengths, Weaknesses, Opportunities, and Challenges (SWOC) analysis. This analysis is a
framework used to evaluate a company's competitive position and to develop strategic
planning. By avoiding preconceived notions or grey areas and concentrating on real-life
scenarios, the organization can maintain the accuracy of the study. A SWOC analysis gathers data
from both internal sources, the company's strengths and weaknesses and external sources
opportunities and threats that could have an unforeseen influence on choices.
An organization's strengths, such as its distinctive technology, devoted clientele, robust balance
sheet, and powerful brand, define its areas of expertise and what sets it apart from the competition.
An organization's weaknesses prevent it from operating at peak efficiency. The company needs to
make improvements in several areas in order to be competitive: a poor supply chain, a large debt
load, a weak brand, and a lack of funding. Opportunities are advantageous outside circumstances
that might provide a business with a competitive edge. Threats refer to factors that have the

20
potential to harm an organization. Knowing the challenges face helps the business to make
informed and strategic decisions regarding products.
2.6.1. Strength
 Strong market presence.
 Established Brand.
 Better product performance.
 Established production process.
2.6.2. Weakness
 Dependency on cyclic industries.
 Procedurals delays in the company.
2.6.3. Opportunities
 Expansion in emerging markets.
 Diversification.
 Investments in Research and development.
2.6.4. Challenges
 Labor shortage.
 Safety concerns.
 Inventory management.

2.7. ORGANIZATIONAL POLICIES

2.7.1. Corporate Social Responsibility Policy
The Murugappa Group is renowned for its long history of volunteerism and charity. The guiding
principle of the Group is to engage the community by designating education and healthcare as the
primary emphasis areas for service-oriented charitable institutions. Following in the Group's
footsteps, Tube Investments of India Limited sets aside a portion of its profits to fulfil its social
obligations. According to them, social responsibility is a person's dharma as well as a corporate
duty that must be fulfilled. As a result, their charitable endeavors serve as a conduit for their
spiritual conscience and allow them to fulfil their obligations to the different facets of society.
They are committed to raising people's standards of living, educating them, and giving them more
power. The community's identified needs will guide the programme they implement, but their top
priorities will always be healthcare and education. The company's several programme areas aim

21
to improve the lives of the marginalized and impoverished segments of society by reaching out to
them and making a significant difference in their circumstances. They are committed to identifying
and supporting programs aimed at:
 Empowerment of the underprivileged sections of the society through education,
access to and awareness about financial services.
 Provision of access to basic necessities like healthcare, drinking water & sanitation
 Work towards eradicating hunger and poverty, through livelihood generation
and skill development.
 Supporting environmental and ecological balance through afforestation, soil
conservation, rain water harvesting, conservation of flora & fauna, and similar
programmes.
 Promotion of sports through training of sports persons.
 Undertake rural development projects.
 Any other programme that falls under our CSR Policy and is aimed at the
empowerment of underprivileged sections of the society.
 Any other programme that falls under Schedule VII of the Companies Act, 2013
This policy will apply to all projects/programmes undertaken as part the Company’s Corporate
Social Responsibility and will be developed, reviewed and updated periodically with reference to
relevant changes in corporate governance, international standards and sustainable and innovative
practices. The policy will maintain compliance and alignment with the activities listed in Schedule
VII and Section 135 of the Companies Act 2013 (“Act”) and the Companies (Corporate Social
Responsibility) Rules, 2014 (“CSR Rules”) framed there under. The approval of the CSR policy
and oversight is the responsibility of the Company’s Board of Directors. The responsibility of the
CSR Committee is to formulate the policy and to administer the policy through implementing
partner(s) or via self-implementation.

2.7.2. Whistle Blower Policy

Whistle Blower Policy under Vigil Mechanism of Limited TII or the “Company”) formulated
under section 177 of the Companies Act, 2013 and Regulation 22 read with Regulation 4(2) (d)
(iv) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015. This will also serve as the whistle blower policy under

22
Regulation 9A (6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The main
objective is to provide Directors, Employees, customers and vendors an avenue to raise concerns,
in line with the commitment of TII to the highest possible standards of ethical, moral and legal
business conduct and its commitment to open communication. This policy helps to provide
necessary safeguards for protection of Complainants from reprisals or victimization, for whistle
blowing in good faith.
TII including subsidiaries, Associate Companies and Joint Ventures in case such entities do not
have a Whistle Blower Policy of their own.
The Policy is intended to cover genuine and serious concerns that could have a large impact on
TII, such as actions (actual or suspected) that:
 May lead to incorrect financial reporting
 Are not in line with applicable Company policy
 Involve any instance of bribery, embezzlement or misappropriation
 Amount to unethical behavior
 Amount to actual or suspected fraud
 Violated Company’s code of conduct
 involve leakage of Unpublished Price Sensitive Information
 Are unlawful or
 Otherwise amount to serious improper conduct.
A Director/Employee/customer/vendor making a complaint/ referral under this Policy is
commonly referred to as a Complainant (Whistleblower). The Complainant’s role is as a reporting
party. He/she is not an investigator. Although the Complainant is not expected to prove the truth
of an allegation, the Complainant needs to reasonably demonstrate to the Ombudsperson, that there
are sufficient grounds for concern. The whistle blowing procedure is intended to be used for
genuine, serious and sensitive issues.

2.7.3. Business Responsibility Policy

The Company’s businesses are indisputably founded on its core values. It owns responsibilities for
all its stakeholders alike – customers, shareholders, employees and the community – always
aspiring to create a long-term and sustainable value for their betterment. Being a public listed
company, the Company recognizes that its accountability is not limited only to its investors from

23
a financial perspective but also to the larger society and hence, this Policy on Business
Responsibility (“Policy”) lays down the broad principles to guide the Company in delivering its
various responsibilities to its stakeholders. The Policy is intended to ensure that the Company
adopts responsible business practices in the interest of the social set up and the environment to
contribute beyond financial and operational performance. The objective of this Policy is to lay
down the criteria and parameters that are to be considered by the Board of Directors of the
Company while deciding on the declaration of Dividend from time to time. This Policy is
applicable to dividend declared/recommended on the equity shares of the Company and does not
cover dividend on preference shares, if any, where the rate of dividend is governed by the terms
of the issue of preference shares or any other form of dividend. This Policy is formulated in
accordance with Regulation 34 and other applicable provisions of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI
Listing Regulations”). This Policy also reiterates the Company’s commitment to follow the nine
principles laid down in the National Voluntary Guidelines on Social, Environmental and Economic
responsibilities of Business published by the Ministry of Corporate Affairs while conducting its
business to the extent these are relevant.
The Managing Director of the Company shall have the authority to oversee and implement this
Policy. This Policy may be reviewed and amended from time to time by the Managing Director of
the Company in line with changes in the regulatory requirements as well as changes in Company
policies. All material changes may be placed before the Board of Directors of the Company
(“Board”) for its approval.

2.7.4. Remuneration Policy

This Remuneration Policy provides the framework for remuneration of members of the Board of
Directors, Key Managerial Personnel, senior management and other employees of Tube
Investments of India Limited. This Policy is guided by the principles and objectives as enumerated
in Section 178 of the Companies Act, 2013 and Regulation 19 read with Part D of Schedule II of
the Securities and Exchange Board of India Regulations, 2015 (“SEBI LODR Regulations”) to
ensure reasonableness and sufficiency of remuneration to attract, retain and motivate competent
resources, a clear relationship of remuneration to performance and a balance between rewarding
short and long-term performance of the Company. This Policy reflects the remuneration

24
philosophy and principles of the Murugappa Group and considers the pay and employment
conditions with peers/competitive market to ensure that pay structures are appropriately aligned.
The Non-Executive Directors (“NEDs”) are paid remuneration by way of Sitting Fees and
Commission. The remuneration/commission/compensation to the NEDs will be decided by the
Board in accordance with this Policy and subject to applicable conditions of SEBI LODR
Regulations. The payment of the Commission to the NEDs is placed before the Board every year
for its consideration and approval. The sitting fee payable to the NEDs for attending the Board and
Committee meetings is fixed subject to the statutory ceiling. The fee is reviewed periodically and
aligned to comparable best in class companies.

The compensation paid to the Executive Directors (including Managing Director) will be within
the scale approved by the Shareholders. The elements of the total compensation are approved by
the N&R (“Nomination & Remuneration”) Committee within the overall limits specified under
the Companies Act, 2013.
The senior Management for the purpose of this Policy shall mean personnel of the Company who
are members of its core management team excluding Board of Directors including members of
management one level below the Chief Executive Officer/Managing Director/Whole Time
Director/Manager including any Functional Head. The Chief Executive Officer/Manager/
Executive Directors/ Company Secretary and Chief Financial Officer of the Company shall be
deemed to be Senior Management.

2.7.5. Dividend Distribution Policy

This Policy is formulated in accordance with Regulation 43A of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements), 2015 introduced on 8th July
2016. This policy will be effective from 1st August, 2017, being the date of its approval by the
Board of Directors of the Company. The objective of this Policy is to lay down the criteria and
parameters that are to be considered by the Board of Directors of the Company while deciding on
the declaration of Dividend from time to time. This Policy is applicable to dividend
declared/recommended on the equity shares of the Company and does not cover dividend on
preference shares, if any, where the rate of dividend is governed by the terms of the issue of
preference shares or any other form of dividend. The Board of Directors may declare interim
dividend / recommend final dividend for consideration of shareholders of the Company.

25
The Company reserves its right to alter, modify, add, delete or amend any of the provisions of this
Policy.

2.8 COMPETITOR’S REVIEW

 Hi-Tech Engineers:
Hi-Tech Engineers was established in 1990 at 21, Brindaban Mullick Lane, Kadamtala in West
Bengal with an idea to manufacture steel.
 Jamshedpur Equipments:
Jamshedpur Equipment were established in 2007 by highly experienced marketing technocrats.
Initially company was appointed as a Liaison Agent for a leading gear box manufacture.

26
 CHAPTER 3

POSITIONING OF INTERN

27
3.1. POSITIONING OF THE INTERN
The internship opportunity was provided by TIDC INDIA in the position of Human Resources
intern on date from May 1 to June 16.

General Manager/HR
Manger

Assistant HR Manager

Intern

Fig 3: positioning of the intern

3.1.1. Duties And Responsibility Assigned

 Assisting the assistant managers and other managers.
 Studying the Departmental works.
 Collecting Candidates applications and sorting.

28
 CHAPTER 4
INTERNSHIP OVERVIEW

29
4.1. WEEKLY ACTIVITY REPORT
Date From: 02.05.2023 to 16.06.2023
Table 1: Weekly Activity Report
Day & Time Task assigned Task Observations
Date completed
Week 1 9am-4pm  Introduction to YES  Got an overview about
company the company and got an
(02.05.2023  Prepare reports insight about contract
- of overnight management system and
05.05.2023) employees working of shift master

Week 2 9am-4pm  To understand YES  Got an outline about how

about LCA to conduct an
(08.05.2023 Training investigation process in
- Accident the organization and how
12.05.2023) Investigation training changes the
Training performance of the
 To study about employees, how to ensure
Employee state safety while you working
insurance using LOTO method.
corporation,
employee
training days
and
performance,
LOTO
Training
Week 3 9am-4pm  To understand YES  Understand the various
about SWOC aspects of the business
(15.05.2023 and market and the competitors of TI
- competitors of in the market
19.05.2023) the company  Familiarized with
 Prepare advance functions of
dashboard and excel.
pivot table, V
lookup and H
lookup in excel
Week 4 9am-4pm  Prepare excel YES  Understood the objectives
sheets based of carrying out transfer of
(22.05.2023 on the data employees in the firm and
- collected from the amendments made in
26.05.2023) the employees the law to decriminalize
 To study about the labour and also why
the transfer of

30
 employees and habitual absenteeism can
Assam Govt. lead to termination.
Law
Amendments,
habitual
absenteeism
Week 5 9am-4pm  To prepare YES  Got an insight about how
employee principal employer is
(29.05.2023 excel sheets bound to pay the
-  Study about minimum wage
02.06.2023) accident  Understand the ESI act in
compensation, depth
minimum
wage and
principal
employees
 To study about
factories Act
and ESI Act
Week 6 9am-4pm  Study about YES  Get an idea about POSH
POSH act and and Provident fund Act
(05.06.2023 Provident fund  Getting more practical
- Act knowledge in excel
09.06.2023)  Preparing and  Definitions, explorations
editing Excel and working of pension
worksheets schemes.
regarding
employee
details
 To understand
about
employee
pension
Scheme
Week 7 9am-4pm  To visit the YES  Got an overview about
plants and the production of the firm
(12.06.2023 recycling zone and how safety audit is
- & water done and what are the
16.06.2023) treatment aspects that weightage is
facility visit given.
and join with
internal safety
audit

31
4.2 CONTRIBUTIONS OF INTERN TO THE ORGANIZATION
As an intern my responsibility is to study the various activities going on within the organization.
The responsibilities assigned during the internship program at TIDC were at the Human
Resource Department. The duration of the internship was 7 weeks. The responsibilities include:

 Join with internal safety audit

 Prepare interns ID cards
 To study the in depth process of production of the firm
 Sorting, filtering and verifying overnight employee records.
 Attending meetings and preparing minutes.
 Attending trainings.

Task accomplished:

 Prepare excel worksheets regarding employee details

 Prepare the report of overnight employees
 Prepare excel sheets based on the data collected from employees.

4.3 KNOWLEDGE GAINED FROM INTERNSHIP

This internship enabled me to gain first-hand knowledge and experience in the real world of
employers and business managers. This 7 weeks help to understand the organizational culture and
working etiquette in an organization. During the time of internship, I have learnt how to
communicate with others, how to communicate with others, how to address others etc. This course
of time helps me to gained knowledge about how meetings and training programs for reporting
managers are conducted. I gained valuable experience, learned how to manage my time and how
to organize work to maximize efficiency.

32
4.4 WORK SAMPLE

Fig 4.1

Fig 4.2

33
Fig 4.3

Fig 4.4

34
CHAPTER 5
CONCLUSION

35
It was a complete useful experience working at the TIDC India Ltd. The seven weeks exposure to
the organization was a good learning curve in my career. The friendly welcoming staff and the
space they have created for an intern allowed me with full opportunities to learn and know myself
as a worker. The primary objective of an internship is to gather a real life working experience and
put their theoretical knowledge in practice. I am very thankful to the people who have helped me
to gain the knowledge at the utmost level. I went to different plants of the organization and got a
lot of varied experience and how each section and department are interconnected, helped in
realizing the teamwork of different department to achieve the goals of the company.

This internship program was quite a remarkable experience for me and certainly got me fascinated
towards the company. The people I got to meet here starting from the company officials to the
staffs were very helpful and I am sure that they will be able to help me with opportunities in future.
And I am grateful to everyone who helped me to complete the organization study in a most
effective way.

36
REFERENCE

37
WEBSITES

1) Home - TIDC Industrial Chains Division. (2024, January 4). TIDC INDIA.

https://diamond-india.com/

2) TIDC India - Fine blanking. (2024, January 4).

https://www.tidcindia.in/FineBlankedComponents.html

3) TII – Tube Investments of India Limited. (2024, January 4). https://tiindia.com/#

38