And moly piston rings

A Minor Project
On
Shriram Pistons & Rings

Under the guidance of

Mr.Atul Arora

ACKNOWLEDGEMENT

I owe my gratitude to many people who helped and supported me during the preparation of the minor project.

(Name of the Student)- Shubhendu Ranjan

Place: GAMMA 1, GREATER NOIDA (UP)

”, submitted by SHUBHENDU RANJAN at G L Bajaj Institute of Management and Research, Greater Noida, India, is a bonafide record of her/ his original work carried out under my supervision. This work has not been submitted elsewhere for any other degree or diploma.

(Signature of Faculty Guide)

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CHAPTER-1

In 1994-95, the company received the ISO 9001 certification from RW TUV, Germany, for its pistons/pins/rings division and marketing functions of the company. The company diversified into the manufacture of steel rings and Rikvent oil-control rings. It had set up manufacturing facilities for steel rings in collaboration with Riken Corporation, Japan, as also expanded its piston capacity. Steel ring plant and the expanded capacity of pistons were commissioned in 1995.

Shriram Pistons & Rings Ltd. develops, manufacturers, and sells pistons, piston rings, pins, and engine valves for OEMs. The company offers diesel and gasoline pistons; and cast iron, steel, and moly piston rings. The company also provides replacement parts to automotive workshops, repair shops, and service stations. Shriram Pistons & Rings products are used in automobile vehicles and gensets. The company was incorporated in 1963 and is based in Delhi.

1972 - Year of Incorporation Sales Turnover – Rs. 3 Million
Technical Collaboration with KS KolBenschmidt GmbH, Germany

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1995 -A Start of Manufacturing – Steel Rings

2006 -A Established three new piston machining lines to meet the requirement from Global OEMs (Ford, Renault etc.) Achieved production of 1 Million Engine Valves – September 2005

2007 -A Received TPM Special Award from JIPM (First in its category to achieve this award) Sales Turnover of Rs. 5000 Million

2014 -A SPR inaugurates Tech Centre on 4 th February, 2014
SPR opens a new sales office in Chennai on 28 th October, 2014

2015 -A Became OEM supplier to JLR
2016 -A Achieved a milestone turnover of 14100 million Rupees

The Code of Conduct for Shriram Pistons and Rings Ltd. is to ensure ethical conduct in the

business. The matters covered in the Code are important for the Company, all the Board

 Ethical Conduct

All Board members and Senior Management personnel of the Company shall deal on behalf of the Company with professionalism, honesty and integrity, as well as high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be as such by third parties.

Internal accounting and audit procedures shall fairly and accurately reflect all of the company's business transactions and disposition of assets. All required information shall be accessible to Company auditors and other authorised parties and government agencies.

There shall be no willful omissions of any Company transactions from the books and records, no advance income recognition, and no hidden bank account and funds.

In consideration of employment with the Company, Senior Management personnel are expected to devote their full attention to the business interests of the Company. They are prohibited from engaging in any activity that interferes with their performance or responsibilities to the Company, or is otherwise in conflict with or prejudicial to the Company.

Senior Management personnel are prohibited from accepting simultaneous employment with suppliers, customers, developers or competitors of the Company, or from taking part in any activity that enhances or supports a competitor’s position. Additionally, all Board members and Senior Management personnel must disclose to the Company’s audit committee, any interest that they have that may conflict with the business of the Company.

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D. Related parties

F. Other situations

Because other conflicts of interest may arise, it would be impractical to attempt to list all possible situations. If a proposed transaction or situation raises any questions or doubts, all Board members and Senior Management personnel must consult the Company's audit committee.

 Quality of Products and Services

The Company shall be committed to supplying goods and services of the highest quality standards, backed by efficient after-sales service consistent with the requirements of the customers to ensure their total satisfaction.

 Gifts and Donations

No Board member or Senior Management personnel shall (directly or indirectly) accept any gift, entertainment, trip, discount, service, or other benefit from any organization or person doing business or competing with the Company (other than modest gifts/ benefits of nominal value or entertainment as part of normal business courtesy and hospitality) which would or reasonably appear to be capable of influencing such person to act in a manner which is against the interest of the Company.

The Company, all Board members and Senior Management personnel shall be committed to be a good corporate citizen, not only in compliance with all relevant laws and regulations, but also by actively assisting in the improvement of the quality of life of the people in the communities in which it operates, with the objective of making them self-reliant.

Such social responsibility would comprise: initiating and supporting initiatives in the field of community health and family welfare, vocational training, education and literacy, providing employment to physically challenged people and encouraging the application of modern scientific and managerial techniques and expertise.

2. Seek appropriate clarification or amplification of information and, where necessary, take and follow appropriate professional advice and opinion of outside experts at the expense of the company;

3. Strive to attend all meetings of the Board of Directors and of the Board committees of which he is a member;

7. Keep themselves well informed about the company and the external environment in which it operates;

8. Not to unfairly obstruct the functioning of an otherwise proper Board or committee of the Board;

Vision & Mission

Development and manufacture of latest technology products for OEMs in Europe, USA, etc.

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Performance. SPR is Ford Q1 Quality Certified and has Direct on Line (DoL) status with most OEMs.

Shriram Pistons & Rings (SPR) has an exceptional lineage of the Shriram Group, one of India's oldest and most reputed industrial houses. SPR is recognized by almost all OEMs in India and several OEMs in Europe and Asia, as a dependable partner for supply of Euro III, IV & V Pistons, Pins, Piston Rings and Engine Valves.

 Betting Big On Technology

consistent business. Our products form an integral part of the portfolio of all leading OEMs in India and abroad.

 The Unmatched Joy of Togetherness

The Company has the capability to Design, Develop, Validate and Manufacture finished products for OEMs in India at its Tech Centre with 50+ Design and Engineering Professionals trained by its technology partners in Concept Design, FEA, Simulation.

Product Range of the company

Piston Rings :-

Advisors

 Shri Rakesh Anand

Piston Rings, Limit and Business Production Date, Assembling Plants Circulation, Research, and

development Status and Innovation Source, Raw Materials Sources Investigation;

Segment 7 and 8:-The Automotive Piston Rings Segment Market Analysis (by Application)

Segment 11:-The Clients Examination of worldwide Automotive Piston Rings;

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