Corporate Philosophy

Caparo is something more than a successful enterprise.Its a story of people, of values and of human effort.

Working together we can build Caparo with resolution, fortitude and ability. The goodwill and confidence in the efforts of our workers, our suppliers, our customers and our managers are the bedrock of our business.

Always aspire for excellence; nothing else is good enough and never abandon hope.

There is no such thing as bad business; only bad management.

What I like is, people who are proud of what they do.

Our aim and our goal is for Caparo always to be in top 10% industry performers.

Success will happen so long as you work hard with integrity.

Find excitement in industry..and in your own job in it.

Cherish the enduring values of fidelity, truth and integrity.

Upholding the Caparo Name

Clients trust Caparo based on our capability and integrity -- qualities that underpin our reputation. We uphold that reputation. We seek to work with only those clients and suppliers who share our standards of legitimacy and integrity. We use all assets belonging to Caparo and to our clients, including tangible and intellectual assets, in a manner both responsible and appropriate to the business and only for legal and authorized purposes.

Behaving Professionally

We offer only those services that we believe we can deliver. We compete vigorously, engaging only in practices that are legal and ethical. We meet our contractual obligations. We respect the confidentiality and privacy of our clients, our people and others with whom we do business. We disclose confidential information or personal data only when appropriate approval to do so has been obtained, and/or we are compelled to do so by legal or regulatory requirements. We aim to avoid conflicts of interest. Where potential conflicts are identified and we believe that the respective parties' interests can be properly safeguarded by the implementation of appropriate procedures, we will implement such procedures. When faced with difficult issues or issues that place Caparo at risk, we consult appropriate Caparo colleagues before taking action. It is unacceptable for us to receive or pay bribes or to offer or receive any form of inducement as a means to derive any un-worthy advantage, either over customers or suppliers.

We believe that leadership demands courage, vision and integrity. We achieve excellence through innovation, learning, agility and team work.

Respecting Others

We treat our colleagues, clients and others with whom we do business with respect, dignity, fairness and courtesy. We take pride in the diversity of our workforce and view it as a competitive advantage to be nurtured and expanded. We are committed to maintaining a work environment that is free from discrimination or harassment. We try to balance work and private life and help others to do the same. We invest in the continuing development of our skills and abilities. We provide a safe working environment for our people.

Corporate Citizenship

We express support for fundamental human rights and avoid participating in business activities that abuse human rights. We act in a socially responsible manner, within the laws, customs and traditions of the countries in which we operate, and contribute in a responsible manner to the development of communities. We aspire to act in a manner that minimizes the detrimental environmental impacts of our business operations. We encourage the support of charitable, educational and community service activities. We are committed to supporting international and local efforts to eliminate corruption.

Our value proposition

Caparo is amongst the fastest growing auto component companies in India. It is wellequipped to become one of the top 3 Tier I vendors in the country. A relatively late entrant to the domestic market, Caparo has made rapid progress in setting up world-class facilities and attaining the preferred vendor status, making it a strong contender for the leadership position in Indian auto component industry. CAPARO Differentiating Factors Scale of operations Caparo has set up 19 plants across various geographies in India. This is amongst the highest number of plants across all Tier I vendors in India. The Group has grown to this level from 3 plants in 2003. The Group currently has a land base of over 500 acres, strategically located across Chennai, NCR (Gurgaon, Noida and adjoining areas), Indore and Pune. A large part of this land base is still unutilised, making it easier for Caparo to put its expansion plans into effect. Caparo can profitably scale up to fill these capacities and yield more than INR 30bn of revenues by 2010. This would make Caparo India one of the largest Tier I vendors. Investment in people and processes The Caparo Group was founded by Lord Swraj Paul, a first generation entrepreneur, who combined strong ethics, astute business acumen and hard work to create a vast business empire in less than 4 decades. The same business philosophy and ethics have been extended

by his son Angad Paul in developing the India business. Caparo India is run by an independent and professional set of managers drawn from premier auto component companies in India. Unlike normal trade practices, this senior team has been put in place much in advance of the actual com mencement of production at some of the plants Caparo has also invested in setting up a very robust and effective management information system (MIS), reflective of the professional nature of management and the strong corporate governance in place. Quality of manufacturing facilities Caparo, being a relatively late entrant to the automotive industry in India, has developed its key infrastructure over the last 2- 3 years. However, this has given Caparo the ability to set up new facilities and employ Best Practices in terms of manufacturing equipment and processes. This is a key differentiator over competitors, who still rely on facilities and processes that were set up in a very different industry scenario. The strong focus on manufacturing facilities and processes has also resulted in Caparo having the lowest rejection rates in the country. For the last 6 months, Caparo has been the #1 of 101 suppliers to Honda Siel, a distinction it has earned competing with Japanese vendors of Honda cars in India. Diversified products and customers Caparo has the unique distinction of being the only Indian automotive vendors with product capabilities ranging from metal pressing to forging, aluminium castings, tubing and fasteners. Caparo is an approved vendor to practically all major OEMs across the passenger car, commercial vehicle and two-wheeler segments in the country another distinction available with very few automotive vendors in India. Caparos large management team has extensive relationships across all IPOs in India and are leveraging these relationships to drive export business. Caparo has been able to leverage these product capabilities in reaching out to its diversified customer base and being able to cross-sell various products to the same customer. This position insulates Caparo from the risk of product obsolescence as well as makes it neutral to the market share position within OEMs in the country. Moreover, the ability to sell a cross-section of products to the same set of customers will enable Caparo to out-grow their competitors at a much faster pace. Access to technology Caparo Indias superior design and development capabilities are a key differentiator vis-vis competitors. Tool room facilities, such as Caparos sophisticated tool room set up in Chennai, are available with a couple of leading independent specialist tool room companies in India, but no other auto component manufacturers has such facilities in-house. Focus on technology is another aspect which will assist Caparo India in enhancing their profitability as there is a sig nificant difference in the operating margins of build-to-print products and engineered and designed components and assemblies.

As the Indian automotive industry gets more focussed on technology upgradation and produces automobiles for global consumption, there is a greater tendency for OEMs to develop strategic relationships with vendors who are interested in technology and who can partner them in meeting stringent quality norms. The Group intends to continue passing on their technologies employed in European and North American markets, a key differentiator with other competitors who have to rely on external partners to get access to such technologies.

Corporate Responsibility

Caparo, as an organization takes pride not only in bringing world-class technology to its customers; but also in discharging its responsibility of creating an environment of inclusive growth in the country. At Caparo, Corporate Social Responsibility and concern for environment, health and safety are the intrinsic elements of the company's long term strategy. Caparo's CSR commitment is a manifestation of its determination to improve the quality of life of not only its employees, but the society at large. Some of the Company's key CSR initiatives are: Ambika Paul Foundation: Ambika Paul Foundation was set up in the memory of late Ambika Paul, Lord Pauls daughter, who sadly lost her battle with Leukaemia in 1968.The Foundation, promotes the well-being of children around the world through education, culture and health, and seeks to encourage and inspire them to learn about the world they live in In the UK the foundation supports a number of childrens charities, besides the Zoological Society of London. When London Zoo was under threat of closure, Lord Paul gave 1million to the Zoological Society of London, which used that donation for the rebuilding of the London Childrens Zoo in her name. In the United States, the Foundation supports the Ambika Paul Infant Lab Suite at Carnegie Mellon. Two research teams are working at this lab, to understand infant development with the objective of designing interventions to help children with developmental disabilities such as autism and specific language impairment. Bal Vadis: Caparo has joined hands with Bal Vadis to take care of the pre-school children of the labour class in Chennai. They are supported with healthy environment and proper nutrition. Bal Vadis help in building a good foundation for these children, so that they can be a part of any good school when they grow up. In addition to the above, Caparo, as an organisation, is sensitive about environmental issues.

Hence all the Company units have technologies in place to ensure that the pilferage and emissions are well within the limits. The units observe tree plantation drives to build a green look while keeping the environment healthy and safe.

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