INTRODUCTION

ABOUT VARDHMAN
Vardhman Group is a leading textile conglomerate in India having a turnover of $986 mn. Spanning over 24 manufacturing facilities in five states across India, the Group business portfolio includes Yarn, Greige and Ally Steel. Vardhman Group is a leading textile conglomerate in India having a turnover of $700 mn. Spanning over 24 manufacturing facilities in five states across India, the Group business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Vardhman Group manufacturing facilities include over 8,00,000 spindles, 65 tons per day yarn and fibre dyeing 900 shuttleless looms, 90mn meters per annum processed fabric, 33 tons per day sewing thread, 18000 metric tons per annum acrylic fibre and 1,00,000 tons per annum special and alloy steel. Vardhman has evolved through history from a small beginning in 1965 into a modern textile major under the dynamic leadership of its chairman, S.P. Oswal. His vision and insight has given Vardhman an enviable position in the textile industry. Under his leadership, Vardhman is efficiently using resources to innovate, diversify, integrate and build its diverse operations into a dynamic modern enterprise. MISSION Vardhman aims to be world class textile organization producing diverse range of products for the global textile market. Vardhman seeks to achieve customer delight through excellence in manufacturing and customer service based on

creative combination of state-of-the-art technology and human resources. Vardhman is committed to be responsible corporate citizen.

S P Oswal, Chairman Vardhman Group

VISION
Superior Products, High Standards of Quality and Performance, Vardhman Rooted in Values, Creating World Class Textiles Distinctive Competitive Strategies and Highest Integrity and Commitment of the people.

HISTORY
The industrial city of Ludhiana, located in the fertile Malwa of Central Punjab is otherwise known as the Manchester of India. Within the precincts of this city is located the Corporate headquarters of the Vardhman Group, a household name in

Northern India. The Vardhman Group, born in 1965, under the entrepreneurship of Late Lala Rattan Chand Oswal has today blossomed into one of the largest Textile Business houses in India. As its inception, Vardhman had an installed capacity of 14,000 spindles, today; its capacity has increased multifold to over 8 lacs spindles. In 1982 the Group entered the sewing thread market in the country which was a forward integration of the business. Today Vardhman Threads is the second largest producer of sewing thread in India. In 1990, it undertook yet another diversification the time into the weaving business. The grey fabric weaving unit at Baddi (HP), commissioned in 1990 with a capacity of 20,000 meters per day, has already made its mark as a quality producer of Grey poplin, sheeting, shirting up Auro Textiles as Baddi and Vardhman Fabric at Budhni, Madhya Pradesh. Today the group has 900

shuttleless looms and has processing capacity of 90mn meters fabrics/ annum. In the year 1999 the Group has added yet another feather to its cap with the setting up of Vardhman Acrylic Ltd., Bharuch (Gujarat) which is a joint venture in Acrylic Fibre production undertaken with Marubeni and Exlan of Japan. The company also has a strong presence in the markets of Japan, Hong Kong, Korea, UK and EU in addition to the domestic market. Adherence to systems and a true dedication to quality has resulted in obtained the markets of Japan, Hong Kong, Korea, UK and EU in addition to the domestic market. Adherence to systems and a true dedication to quality has resulted in obtaining the coveted ISO 9002/ ISO 14002 quality award which is the first in Textile industry in India and yet another laurel to its credit.

The group portfolio includes Yarn, Fabrics, Sewing Thread, Fibre and Alloy Steel.
10% 10% 51% 24% 0% 5% Yarn Fabric Sewing Thread Steel Power plant Fibre

Business Wise Turnover for the financial year 2010-11 Actual 2010-11 Group Total (Rs. Crore) Yarn Fabric Sewing Thread Steel Power plant Fibre Total 2280 1093 440 435 9 235 4492 500 240 97 95 2 52 986 51% 24% 10% 10% 0.2% 5% 100% USD Million %share

Yarns
Yarn Manufacturing is the major activity of the group accounting for 51 percent of the group turnover. Vardhman is virtually a supermarket of yarns, producing the widest range of cotton, synthetics and blended, Grey and Dyed yarns and Hand Knitting Yarns, in which Vardhman is the market leader in India. The group has twenty one

production plants with a total capacity of over 8.8 lacs spindles, spread all over the country. In many of the yarn market segments, Vardhman holds the largest market share. Vardhman is also the largest exporters of yarn from India, exporting yarns worth more than USD 282 million.

Sewing Thread
Vardhman is the second largest producer of sewing thread in the country. The sewing thread manufacturing capacity is being expanded from 17 tons per day to 33 tons per day in its sewing thread plant located at Hoshiarpur, Baddi and Ludhiana. Sewing threads contributes 10 percent of the group turnover.

Fabrics
The group has created state-of-the-art fabric weaving and processing facilities in its plant at Baddi, Northern India. The group has installed 900 shuttle less looms and a fabric processing capacity of 90 milion meters per annum in collaboration of Tokai Senko of Japan. Fabrics business contributes 24 percent to the group turnover.

Fibre
The group has set up an Acrylic Staple Fibre plant at Bharuch in Gujarat in collaboration with Marubeni and Japan Exlan of Japan. The plant has annual capacity of 20000 tons per annum. Fiber contributes 5 percent to the total turnover of the group.

Steel
The group is also present in upper-end of the steel industry. The group

manufacturing capacity of 100000 tons of special and alloy steel. The group

supplies its steel products to some of the most stringent quality steel buyers like Maruti and Telco. It contributes 10 percent to the total turnover of the group. HOLDINGS Vardhman Holding Limited Vardham Textiles Limited Vardhman Acrylic Limited VMT Spinning Company Limited Vardhman Yarns and Threads Limited

INTRODUCTION TO EMPLOYEE SATISFACTION Need of Employee Satisfaction Survey Rapidly growing organization High or growing turnover rate Highly competitive industry ELEMENTS OF JOB SATISFACTION Importance of employee satisfaction in an organization

HR DEPARTNMENT The major functions of the department can be explained as follows Recruitment 1. Scheme recruitment (on campus and off campus - ET recruitment) 2. Direct recruitment Salary administration for corporate office and for all employees across the Group falling in M4 and above Training and development Performance management Wage studies (workers) Getting the joining formalities done for employees joining in Corporate office Exit formalities 1. Clearance / no dues forms 2. Exit interviews 3. Farewell Loan applications (general / furniture / vehicle) Administration Medical insurance (medical and group term) Summer trainees Handling internal queries / grievance of employees

SWOT ANALYSIS OF THE VARDHMAN GROUP Strengths:1. Good Brand Equity 2. Good technological base with Foreign Collaboration 3. High Quality Standards 4. High Production Capacity 5. Commitment for growth Weaknesses:1. Comparatively high prices 2. Lesser degree of promotional activity 3. Long Hierarchy Opportunities:1. As brand image is very good ,Vardhman can have some good customers. 2. Strict payments are strengths at times as well as weakness. 3. Customers shall be attracted to buy more and regularly. 4. Shortened hierarchy shall provide hope for better customer service. Threats:1. Smaller players in the market are using Vardhmans process to product at lower prices. 2. Companies from south are entering into Ludhiana market. 3. Capacity of Yarn Spinning is increasing rapidly in comparison to increase in market size, resulting into the addition of new players. push their

OBJECTIVES OF THE STUDY To identify the factors which influence the Job satisfaction of employees. To observe the Human resource development in the Vardhman Textiles Limited at Corporate Office. To suggest measures to improve the Satisfaction level of employees.

LIMITATIONS OF THE STUDY

1. TIME 2. AUTHENTICITY OF FEEDBACK 3. ATTITUDE AND BEHAVIOUR 4. LIMITED KNOWLEDGE:-

RESEARCH METHODOLOGY
RESEARCH DESIGN In my research , Descriptive research design have followed DATA COLLECTION primary data. Primary data is collected by Questionnaire.

Sample Design and Size Sample size is 100 employees Sampling frame: Sample frame = ALL Employees of different department at Corporate Office Sampling technique Snowball Sampling. Convenience Sampling.

SUGGESTIONS AND RECOMMENDATIONS

Company needs to revise the pay scale of the employees. Timely and adequate increments should be there for the employees. Organization should provide better Housing, Retirement benefits,

Educational Assistance, Leave, Health, transportation facilities. Employee motivation should be encouraged. Interpersonal relations should be more developed. Superior subordinate relations should be fine and hierarchy should be shortened Time to time profile changes for the employees There should be job rotation for the employees in all dept , so the employees can know all other activities Increase staff level salary taking into consideration current inflation

SYNOPSIS ON HUMAN RESOURCES OF VARDHMAN YARNS AND THREADS LIMITED

In partial fulfillment requirement for the degree of

BACHELOR OF BUSINESS ADMINISTRATION

SUBMITTED TO:

SUBMITTED BY:

GGNIMT, LUDHIANA
AFFILIATED TO

PUNJAB TECHNICAL UNIVERSITY, JALANDHAR (SESSION: 2010-13)