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Page 1: Mahindra Finance   Pratik Negi

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Presentation On

BY -> -- Pratik Negi -- ISBE { 09-11 } SS

Internship in Human Resources department

IN

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About Mahindra

Started in Oct 2 1945

US $ 6.7 billion industrial conglomerate

Respected Group in India

Converted as a high performer in all sectors

PIONEERED MIND BEHID THE CONGLOMERATE

Mr. Keshub Mahindra (Chairman for the Group)

Mr. Anand Mahindra (Chairman and MD for the Group)

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Business Dimensions

Automotive & Farm Equipment Mahindra & Mahindra Limited Mahindra Engineering Services

Mahindra Systech (Automotive Components & Manufacturing) Trade & Financial Services

Information Technology

Infrastructure Development

Mahindra Ocean Blue Mahindra Logistics Ltd. Mahindra Retail Mahindra Navistar Mahindra 2 Wheelers Mumbai Mantra Mahindra Defense Systems

Other

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CORE VALUES OF THE GROUP THE GUIDING PRINCIPLES

--

Quality Focus

Professionalism

Customer First

Good Corporate citizenship

Dignity of the individual -

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Tributaries of Mahindra Finance

1> Mahindra Insurance Brokers

2> Mahindra Rural Housing Finance Ltd (MRHFL)

3> Mahindra In source

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1. Mahindra finance was incorporated on January 1 1991 as Maxi Motors Financial Services Limited and received

2. Certificate of commencement of Business on Feb 19, 1991.

3. The name was changed to Mahindra and Mahindra Financial Services Limited

on Nov 3, 1992

4. Registered with the RBI as an Non Banking Financial Corporation with the effect from 4th Sep 1998

Brief history

Values of the group

Effective communication 110% effort Quality of contribution

Assertiveness Team spirit Flexibility –

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Growth Mahindra finance

Source -- http://www.equitymaster.com/charts/data/mmfs.png

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Strength – Mahindra Finance In depth knowledge of the rural and semi-urban Market The relationship with Mahindra and Mahindra

The branch network

The association with dealers

The client base The ability to borrow at competitive rate

Business of the group

Utility vehicle Loan

Tractor Loan

Car loans

Personal Finance

Investment Advisory Service – Mutual Fund Distribution

Commercial vehicle loans

Refinance

Two wheeler loan

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Department in Mahindra Finance

Operations

Legal

Marketing

Business information technology

Accounts

Corporate affairs and risk management

Treasury

MIS Mutual funds

Administration

Corporate management (Internal Audit

HR

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Internship project details

Major Project

“Recruitment Drive for Mahindra Finance for the fresh graduate trainees and Management trainees”

Other Projects and Responsibilities 1> Legal executive recruitment’s for Gujarat 2> FD (fixed deposit) – A new vertical launched and recruitment for the same, for Ahmedabad. 3> CSR – helped HR managers for Gujarat region in the Mahindra Finance

Initiative for CSR 4> Dealer executive -- recruitment drive 5> Reference Check’s and FnF6> Employee Welfare – Acted an s a Help for HR department Gujarat in Drives organized for employee welfare • Uttarayan celebration • Blood donation drive • Achievement box launched • G.P.T.W (Great Place to Work survey)

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HR department (Gujarat)

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HR practices in Mahindra Financial services limited

• Recruitment and selection

• Probation/Conformation handling

• Performance Management System

• Employee classification (L1-L9)

• Resignation

• Exit interviews

• Employee grading

• Termination

• Compensation and benefit

•*** cant include other details due to company norms and policies

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CSR initiatives by Mahindra

1. Life Line express 2. Service to various organisation3. Mahindra hariyali 4. Blood donation 5. Nanhi kali 6. Ambulance donation

Employee INITIATIVES

Spandan (quarterly magazine) Sampark (AV conference between senior mgmt and staff) EMI – monthly new letter Learning and development initiatives IDEAS – employee creativity and feedback Employee referral schemes Employee welfare calendar Gallup survey Fun at work Vista 360 Annual convention

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Task performed during the internship

oCoordination with vendors, colleges, placement cells etc

oHelping in internal HR practices for the organization

oOnline portal usage and recruitment drives conducted

oLetters mailer, snail mails, reports, notices and other correspondence drafted

oExcell sheet preparations for every task performed

oDPR for recruitment drives

oReference checks and FnF preparation for employees

oTest conductions and organizing interview for various Jobs

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oCoordination with all branches for CSR and employee initiatives

oScrutinizing the bench strength for various positions created

oPresent in major interviews and jotting down the competencies and other skill sets required for the position created

oTime allotment and communication for interviews

oDesigning and helping to prepare Job description for position created

oMarketing and notice distribution across schools and places for intake

oCoordination with management institutes & commerce college for fresh intakes

Task performed during the internship (continued)

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FINDINGS AND OBSERVATION

Fresh Talent Acquisition.

Centrally monitored recruitment for the state

CSR activity, employee welfare, and employee initiatives (centrally monitored) Systems designed are up to the mark, and are used effectively Coordination and reach of the company is awesome

Maintenance and development rate of HR department is really fast Motivational and personalised approach

Employee satisfaction index is pretty high

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Suggestions Given

The use of technology in IT needs to be more advanced for such an organization to work to best to its capacity.

The HR department which is in expansion mode needs to be expanded to help and formulate better initiatives for the employees and the company

Thanks


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