ABOUT VST TILLERS TRACTORS LIMITED

Background

V.S.T Tillers Tractors Ltd (VTTL) was incorporated in the year 1967 in
Bangalore, India. It was promoted by the V.S.T Group, a well known business
house in South India, in technical collaboration and joint venture with
Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the
manufacture of Power Tillers and Diesel Engines. The plant went into
production in the year 1970.

In 1984, an additional technical and financial collaboration with Mitsubishi

Agricultural Machinery Company Ltd, Japan for the manufacture of 18.5 HP, 4
wheel drive Tractor was entered into.

The manufacturing plant is located in Whitefield Industrial area near Bangalore.

It has 75,000 Sq. meters. of land and a built up area of 15,000 Sq. meters
(approx). The Manufacturing capacity of the company presently is 25,000
Power Tillers, 32,000 Engines and 5000 Tractors. This capacity can be
enhanced up to 30% within a period of 6 to 8 months.

VTTL has in-house Design and Development section for upgrading the level of
technology in line with current requirements. It also upgrades existing products
and develops new products demanded by market from time to time. VTTL has
ISO-9001 certification for Quality Management System since January 1998.
VTTL follows ISO 9001-2008 Quality System requirements to satisfy all
customer needs.

The main products of the Company namely Power Tillers and Tractors are used
in the agricultural sector all over the India. Power Tillers and Tractors are
exported to whole of Africa. The Tractors are also exported to Middle East,
Russia and Turkey. The component parts are exported to Europe, Korea and
Thailand.

The Company has a nation-wide network of Dealers supported by Sales and

Service. This is supported by supply of spare parts, provision of service tools
and equipments, making available service information through technical
literature, instruction manuals etc., and imparting training to Dealers’ personnel
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as well as end users namely the farmers, are some of the effective steps taken by
the Company towards customer satisfaction.

Management
The management of VTTL is committed to high Quality and achieving ultimate
Customer Satisfaction through Company’s Vision by Establishing Quality
Policy and Objectives.

• Ensuring achievement of Quality Objectives through periodical review.

• Communicating the above to all levels with stress on importance of

meeting customer requirements as well as statutory and regulatory
requirements.

• Management reviews the adequacy and availability of resources From

time to time and augments the same.

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Corporate Governance

Board Procedures:

The Chairman of the Board, in consultation with the other members of the
Board, determines the timing and length of the meetings of the Board. The
Board expects that five regular meetings at appropriate intervals are in general
desirable for the performance of the Board’s responsibilities. In addition to
regularly scheduled meetings, unscheduled Board meetings may be called upon
appropriate notice at any time to address specific needs of the Company.

The Chairman shall establish the agenda for each Board meeting. Each Director
shall be entitled to suggest the inclusion of items on the agenda, request the
presence of or a report by any member of the Company’s senior management,
or at any Board meeting raise subjects that are not on the agenda for that
meeting.

The agendas for Board meetings shall provide opportunities for the operating
heads of all the departments of the Company to make presentations to the Board
during the course of the year. At one meeting each year the Board shall be
presented the long-term strategic plan for the Company and the principal issues
that the Company expects to face in the future. Sufficient time shall be allocated
for this presentation to allow for questions by and full discussion with the
members of the Board.

Information provided to the Board includes amongst others quarterly results of

the Company, Minutes of Audit and other Committees, information on
recruitment and remuneration of senior officers just below the Board, review of
annual operating plans and compliance report.

Code of Conduct:

The Board of Directors of the Company have formulated and implemented

Code of Conduct for Board Members and Senior Management of the Company
in compliance with Clause 49 (1) (D) of the Listing Agreement.

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Products

Consequent to its long and close association with the Mitsubishi Group of
Companies, VST Tillers Tractors Ltd., has effectively absorbed the latest
technology and work culture. This has resulted in the company's achievement in
perfecting every product it manufactures, meeting even the most exacting
requirements.

Power Tillers Tractors

VST - Shakti 130 DI Power Tiller Euro-Trac-VST180D Tractor

VST - Shakti VWH 120 Power Tiller VST - Shakti MT180D Tractor with Rot

Paddy Transplanters

VST - Shakti Yanji Rice Transplanter

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 CONCLUSION
Hear by I conclude saying that the industrial visit to “VST TILLERS
TRACTORS LTD” gave an about the company and business concept,
marketing ways, their production technique. The industrial visit gave
enormous information. Hope in future I get many such opportunities.