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Vardhman Mills LTD": A Project Report ON Recruitment and Selection OF "
Vardhman Mills LTD": A Project Report ON Recruitment and Selection OF "
Vardhman Mills LTD": A Project Report ON Recruitment and Selection OF "
PROJECT REPORT
ON
RECRUITMENT AND SELECTION
OF
“VARDHMAN MILLS LTD”
We have completed this study under the able guidance and supervision of
Ms.Amrita and Mr. Mahindera (Personnel Managers, Vardhaman). We will
be failed in our duty if we do not acknowledge the esteemed scholarly
guidance, assistance and knowledge. We have received from them towards
fruitful and timely completion of this work.
Mere acknowledgement may not redeem the debt we owe to our parents for
their direct/indirect support during the entire course of this project.
In the End we would like to express my deepest gratitude to the entire
faculty members
PREFACE
This project report is the result of our 1 day Project at Vardhaman. It aims at
providing a first hand practical experience of the industry to the students. It
really helped us to know the real business world closely, which in turn
influenced our perception.
We are privileged that we got an opportunity to pursue our one day visit in
such a reputed, well established, fast growing and professionally managed
organization like “Vardhaman Mills Ltd.”.
The project assigned to us dealt with the study of different Management
aspects, Policies and strategies followed at Vardhaman got an opportunity to
see & understand as to how all these things done in Vardhaman.
The main objective of our study was to know recruitment and selection
procedure in Vardhaman Mills Ltd., which was totally in accordance to our
project title. The main objective of study was fragmented into three sub
objectives to reach the depth of the objective under study.
2) To know what are the various methods employed for recruiting & tools &
Techniques used for selection.
Vardhman is a major integrated textile producer in India. The Group was setup in 1965 at Ludhiana,
Northern India. Since then, the Group has expanded manifold and is today, perhaps, the largest textile
conglomerate in India. The Group portfolio includes manufacturing and marketing of Yarns, Fabrics,
Sewing Threads, Fibre and Alloy Steel.
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.
The industrial city of Ludhiana, located in the fertile Malwa region 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.
At its inception, Vardhman had an installed capacity of 14,000 spindles, today; its capacity has
increased multifold to over 5.5 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 - this 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 in the domestic as well as foreign market. This was followed by entry into fabric
processing by setting up Auro Textiles at Baddi, which currently has a processing capacity of 1 lacs
meters/day.
In the year 1999 the Group has added yet another feather to its cap with the setting up of Vardhman
Acrylics 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 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.
PORTFOLIO
The group portfolio includes Yarn, Fabrics, Sewing Thread, Fibre and Alloy Steel.
Yarns
Yarn Manufacturing is the major activity of the group accounting for 65 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 nine production plants with a total capacity of over 5.5 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 90
million.
Sewing Thread
Vardhman is the second largest producer of sewing thread in the country. The sewing thread
manufacturing capacity is being expanded from present 17 tons per day to 22 tons per day in its sewing
thread plants located at Hoshiarpur, Baddi and Ludhiana. Sewing threads contributes 12 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 208 shuttle less looms and a fabric processing capacity of 30
million meters per annum in collaboration of Tokai Senko of Japan. Fabrics business contributes 8
percent to the group turnover.
Fibre
The group has recently 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 18000 tons per annum. Fibre
contributes 8 percent to the total turnover of the group.
Steel
The Group is also present in upper-end of the steel industry. The group has 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 6 percent to the total turnover of the
group.
HOLDINGS
Spinning Business
Auro Spinning
Baddi, HP
Arihant Spinning
Malerkotla, Punjab
Arisht Spinning
Baddi, HP
Auro Dyeing
Baddi, HP
Anant Spinning
Mandideep, MP
VMT
Baddi, HP
Fabric Business
Auro Weaving
Baddi, HP
Auro Textiles
Baddi, HP
ST-I
Hoshiarpur, Punjab
ST-II
Ludhiana, Punjab
ST-III
PERFORMANCE
During the last 10 years, Vardhman Group has recorded 11 percent top line growth rate, which is higher
then the industry average growth rate. The Group turnover has grown from Rs 723 crores in 1995 to Rs
1913 crores (USD 439 million) in 2003-04. The exports has grown from negligible level in early nineties
to Rs 473 crores (USD108 million) in 2003-04.
ERP (Enterprise Resource Planning) enabled solutions for online order tracking.
BRAND AMBASSADOR
ACHIEVEMENTS
It's an overwhelming feeling when the efforts and hard work put in are recognized and felicitated. A
feeling that galvanizes the Group into believing in more, in itself and reaffirming its commitment to offer
products that invoke trust and reliability.
Back home, the Vardhman Group became India's first textile company to be awarded ICO9002/ ISO
14002 Certification. It is the largest producer and exporter of yarns and Grey woven fabrics from India.
Vardhman is also the largest producer of tyercord yarns and the second largest producer of sewing
threads in India. The Vardhman Group vision of excellence is matched by a dedication and sincerity to
be the best and excel in every industry it has a presence.
Textile Export Promotion Council 2003-04
SPINNING 1
This unit is for the manufacturing and packing of the yarn export
products. Products are exported to the countries such as Japan, south
Korea, U.S etc.
SPINNING 2
This Unit is for the manufacturing and packing of local yarn products.
There are 3000 workers, 250 staff members, 100 officers and managers
according to the size of departments.
RECRUITMENT PROCESS
Recruitment is the core activity of any personnel department. The personnel department
has traditionally been regarded as the “hire and fire” department and is still viewed as
such by some line managers. It is, of course, a mistaken viewpoint. The personnel
department neither hires nor fires anyone-this is the function of line management.
Recruitment is the process concerned with the identification of sources from
where the personnel can be employed and motivates them to offer themselves for
employment. So, recruitment is the process of searching for prospective employees and
stimulating and encouraging them to apply for jobs in an organization. It is often termed
position in that it stimulates people to apply for jobs to increase the hiring ratio e.g. the
number of applicant for a job.
Recruitment is a process to discover the sources of manpower to meet the requirement
of the staffing schedule and to employ effective measures for attracting that manpower
in adequate numbers to facilitate effective selection of an efficient working force.
• Planned
• Anticipated
• Unexpected
Planned needs arise from changes in organization and recruitment policy. Anticipated
needs refer to those movements in personnel which an organization can predict by
studying trends in the internal and external environment. Unexpected needs arise from
resignations, deaths, accidents and illness.
2. Locating and developing the sources of required number and type of employee.
4. Communicating the information about the organization, the job and the terms and
conditions of service.
Recruitment policy involves the employer’s commitment to such general principle as:
To find and employ the best qualified persons for each job.
Provide each employ with freedom and opportunity to utilize and needs and
employ needs.
Provide suitable jobs and protection to handicapped, women and minority groups.
SOURCES OF RECRUITMENT
Recruitment has various sources that may be classified into categories but there are
mainly two main sources of recruitment:
Internal Sources
External Sources
3. Placement Agencies
4. Employment Exchange
5. Labour Contractors
6. Unsolicited Applicants
7. Recommendations
SELECTION
Selection is the process as to select the right person at the right job at right time.
Selection is the process of choosing the most suitable persons out of all the applications.
And selection is the process of matching the qualifications of applicants with the job
requirements. It is the process of wedding out unsuitable candidates and finally
identifies the most suitable candidate. Selection may be described as processes of
rejection because generally more candidates are turned away then are hired. Selection
divides all the applicants in to two categories – (a) suitable (b) unsuitable
Literature Survey
Experience Survey
Literature survey
The quickest & the most economical way of doing research is to review the work of
follow researchers in the field who had been there before. After sources of information
such as:
Books
Journals
Company records.
Experience Survey
I had attempted to tap the experience & expertise knowledgeable persons concerned
with the area of research such as Assistant executive (PERS & ADMI.), Manager (I.R),
company’s employees through a series of unstructured interview, these persons were
requested to give their views & opinions on the various aspects of the study. Also
employee who was recently recruited was studied to know the effectiveness of the
recruitment and selection process through direct oral investigation.
CONCLUSION
Success of every business depends upon the hiring of best potential, competent person
and to retain them with the organization for its continual growth and development. So I
come to this conclusion that the recruitment method of every organization plays very
important role in achieving its existing and future plans. Recruitment includes
identification of sources and search for skilled and competent persons, retains them,
orients them, trained them and motivated them. So that it can get maximum out of its
service and skills.
In the case Vardhaman mills they use various sources for the recruitment of the
staff and officers that i already define in the report. For this they use various external
and internal sources for the new requirement and any other place. They use various
steps for the selection of the candidate’s e.g. preliminary interview, medical
examination, group discussion etc. In this the H.O.D. of various departments are related
with this method.
Thanks