include the “Quality Excellence Award” at GE India Supplier Conference, “Quality Excellence Award” at TATA
Motors Annual Supplier Conference 2019, “Best Product Development Performance - Marazzo” at Mahindra
Supplier Excellence Awards, “Best Product Development Performance - Furio” at Mahindra Supplier Excellence
Awards, “Certificate of Excellence in Partnership” from Daimler India, “Suppliers Excellence Award for New
Product Development” from Faiveley Transport, “Award for Quality” from Tata Motors at Annual Supplier
Conference 2018, “Certificate of Appreciation” from Ashok Leyland for persistent efforts in maintaining higher
levels of capability and performance for two consecutive quarters, “Certificate of Excellence in machining
category” award by BEML Limited in recognition of outstanding performance in supply of material during the
year 2015-16 and 2016-17 in Fiscal 2019, the “Annual Commodity Award in casting and forging for automotive
division” by Mahindra & Mahindra in recognition of superior performance for Fiscal 2018, the “Appreciation for
best overall performance award” in Fiscal 2018 by Siemens and “Recognition for Outstanding Business
Alignment for Defence Business” award in Fiscal 2018 by Ashok Leyland.

Human Resources
Our personnel policies are aimed towards recruiting talented individuals, facilitating their integration, and
promoting the development of their skills. Recruitment of personnel in different categories is carried out by our

human resources department.

As on December 31, 2020, we had a large workforce of 3,777 employees. The following table illustrates the
breakdown of the numbers of our employees by function:

 

S.No. Function As of December 31, 2020
1. Management staff 259

2. Permanent workmen 1,372

3. Apprentices 755

4. Contract workmen 1,214
Total 3,777

 

Information Technology

Our IT systems are vital to our business. We have implemented the Oracle E Business Suite in 2013, recently
upgraded in 2019, which covers key areas of our operations, procurement, inventory, sales and dispatch and
accounting. It encompasses all materials management, including procurement, bill of material, inventory finance
and accounts and sales order and invoicing management. We have developed in-house application software for
human resource management, drawing maintenance, calibration and exports documentation. We also have
installed Computer Aided Design (“CAD”) software which aid in design, development and prototyping. We have
made conscious efforts to consistently upgrade our systems to ensure efficiency and reduce redundancies. The
key functions of our IT team include establishing and maintaining enterprise information systems and
infrastructure services to support our business requirements. For network security, we maintain four levels of
protection for our data centre constructed by our service provider. We have taken necessary measures for ensuring
cyber security, data protection from virus attacks and hacking and disaster recovery servers and systems for data
retrieval and business continuity.

Insurance

We maintain insurance cover for our properties, including protection from business interruption (fire), burglary,
product liability, public liability and employee insurance policies such as group personal accident policy. We also
maintain a key man insurance policy for our Chairman and Managing Director and a directors’ and officers’
liability insurance policy for all our Directors.

Also see, “Risk Factors — Our insurance coverage may not be adequate to protect us against all material risks.

In the event of the occurrence of such events, our insurance coverage may not adequately protect us against a
possible risk of loss.” on page 45.

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