Section D Group 4 24 Jul 13

Introduction
Leader in steam engineering and control instrumentation Started in 1926 as textile accessories supplier .JV with Spirax Sarco, UK (steam energy technology leader). 1958 - Spirax Marshall unit in kasarwadi, pune with 12 employees. Today 6 JVs 3 manufacturing units Revenue - 750 crores Steam and control instrumentation - 60 years ! Manufactures entire spectrum of engg products related to power industry, processes , energy conservation . Awards for innovation and energy saving Many patented designs ISO 9001 certified

Awards 5th best place to work for in 2012 - ET survey Fourth time in ET survey list since 2006 Best Human Response award by Pune rotary club and MCCIA for ethical HR practices, CSR work and employee relation

CSR Health care , education, employment opportunities for women. Supports many NGOs. President's award for CSR, recognition by MCCIA , SP Jain management institute, PMI. Eco initiatives - rain water harvesting , recycled water for gardening , no artificial lightening during day time .

Work culture
People first Freedom , motivation , Whole hearted participation , hand holding by seniors No micromanagement Training for technical as well as personality development External trainings in Stanford university , ISB Hyd . Employees allowed lateral shift within the company. Goal congruence. Long service awards for employees with 15, 21,25 ,30 yrs of job with the company Long standing relationship with vendors , allows few to participate in product development.

Management style
Ethical Transparent Employee friendly Participative Informal Internal control Family culture