Customer Empowerment: A Derivative of Technology Leadership

Our Acquisition

Set the Phase for Another Growth

Geeta Anand

CMD, AG Industries, Gurgaon

While this acquisition translated into an immense business of steering wheels, we also became a leading steering wheel supplier to many OEMs. It’s important to highlight here that this decision to dare to dream big helped AG to migrate from the component segment to the product segment. Our real journey began from here.

A

G Industries (AGI) comes with its strong presence across the country with 9 production locations having state-of-the art moulding, painting and assembly. AGI strives to add value to the complete supply chain and always works on offering solutions to the industry.

AGI challenged itself to enter new markets. In one such instance, AGI had no experience in the steering wheel product and that too is a safety item. It was very difficult to enter into this segment. Taking up this challenge, in 2016, AG dared to take over a sick company M/s PMP and work relentlessly to make it its most successful business. It was dedication and commitment top to bottom that was instrumental to transform this company. While this acquisition translated into an immense business of steering wheels from PSA, Mahindra, Force Motors, Ashok Leyland and we, it also became a leading steering wheel supplier to many OEMs. It’s important to highlight here that this decision to dare to dream big helped AG to migrate from the component segment to the product segment. Our real journey began from here.

With this successful experience under its belt, coupled with the excellent development facilities set the tone for AG to acquire subsequent businesses in other product segments as well - plastics fuel tank, air filter element and reflex reflector and so on. A cumulative result being that AG could put a strong footprint in the auto industry and is today able to deliver from product concept to design to manufacturing.

As we see the market today, the industry and AG too see the EV product as the next challenge. Hoping that AG would make a strong impact in this segment as well. 

Risk Management

A Policy Framework

Every industrial unit or business operation must have in place a risk management framework to identify and assess risks and take measures to mitigate them. It is equally essential to periodically review and modify this framework...

Sumeet Agarwal

CEO, Sumantrak Specialties, Mumbai This article lays down the framework of risk management within any industrial unit or business operation. It lays down the process to identify and assess risks inherent to any type of activity within the company as well as methods / actions to mitigate which are periodically reviewed and modified in a manner commensurate with the size and complexity of the business.

Why Risk Management?

The objective of any risk management exercise is to preserve the company’s value to an extent that is practically feasible by identifying and mitigating major operating and business risk. A company-wide risk management framework is applied in a manner such that the effective management of risks at different levels and within different functions is an integral part of every employee’s job.

Risk Categories

There are certain broad categories of risks considered within the risk management framework which are as highlighted below.

Industry-oriented Risks relating to the inherent characteristics of our industry, including competitive structure, technological landscape, extent of linkage to the economic environment and regulatory structure.

Customer- and Market-oriented Risks arising from our association with entities for conducting business. These include clients, vendors, alliance partners and their respective industries.

Resource-related Risks arising from inappropriate sourcing or sub-optimal utilisation of key organisational resources such as talent, capital and infrastructure.

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2000

Jabar SiNgh gehlot

Director, Gehlot Printec LLP

Early in his business when he started Gehlot Works as a Proprietor in 2000, Jabar has gone strength to strength thereafter and carved a niche for himself in the industry.

Change being the only constant, we thought it would be wonderful to capture this and freeze ‘time’. We associate with the ‘current look’ of our industry colleagues and would it not be exciting to know of their persona, decades ago. That’s what we did, had them dig deep into their archives and share this just for your ‘read’... or should we say ‘see’! A visual delight!

2001

Mayur NadkarNi

General Manager - Fans Division, Crompton Greaves Consumer Electricals Ltd.

The sharp astute look on Mayur’s face clearly continues then and now. His experience with fans continues to add wind under his wings.

2002 2001

raShMiN Patel

Director, Knack Packaging Pvt. Ltd.

With the right knack of engineering which Rashmin completed in 2001, he stepped into the family business of Knack Packaging and has never looked back since then. Today, he is a dominant manufacturer and exporter of BOPP woven bags in India.

ViNay agarwal

CEO and Managing Director, Creative Group of Industries

It was work (Marketing of ASB machines, Delhi) and study at the same time for Vinay in 2002. Today, he continues to play a stellar role, heading the business of Creative Group of Industries.

1995

Zuber Z. PathaN

Owner, Universal Enterprise