Happy Hours
Transcription
Happy Hours
Annual Issue 2010 - 11 Happy Hours Internal Newsmagazine of Spiritedly Allied for Success Inside 3 Realizing Our Vision – Together! 4 Action-Packed Year For Marketing 6 Keep it Flowing! 8 The Name’s Bond… Teams Bond! Captains Table Message from Executive Vice Chairman & CEO D ear Team ABD, It gives me immense pleasure to communicate with you all through the maiden and annual issue for the year 2010-11 of our employees’ newsletter Happy Hours. The objective of launching this initiative is to connect with each one of you through this forum of Employees’ Communication & Engagement that will now on be a quarterly feature. The purpose of this newsletter is to enable internal communication through your contributions & active participation in the form of enrichment of contents and to mutually share key milestones and highlights, significant individual & team achievements, employees’ news & views, etc which exemplify living our values of “Teamwork; Excellence in Execution; Constantly Innovating and Being Different; Professional and Personal Integrity; Being Proud of What We Do” on a day-to-day basis to take ABD to its greatest heights and achieve its people’s vision “To Be the Most Admired Employer.” The other objective of having an internal newsletter is to reinforce the internal communication process within our organization. Twoway communication is one of the most important ways by which an organization remains alive and agile through creating an environment hinged on “Sense of oneness and belongingness”. As we are growing and expanding as a team and a company, there is bound to be additional pressure on each one of us to perform and deliver which will test our mettle and tenacity, both personally and professionally, and take us to the level where we will seen as the “Most Admired Spirits Company” by all our stakeholders. We as a team should create an environment and working culture based on mutual trust and respect by open and transparent two-way communication devoid of any fear or sense of insecurity. In order to achieve the above, for all the happiness, cheer and sense of belonging & sharing it is meant to ignite in each one of you, the initiative has very appropriately been named Happy Hours! I would like you to actively contribute your write-up/articles through this forum as it is meant to be driven by all of you. You all have made winning a habit. The performance results for the financial year 2010-11 suggest the same. As a company, we have recorded 108% achievement against budget on profits which is a growth of 117% over 2010-2011. We have recorded sales of 16.5 million cases for the full year which is 109% against budget and a whopping growth of 33%. This is indeed a superb performance and a reflection of tremendous team work between sales, marketing, manufacturing and finance. On a compounded CAGR basis over the last four years, our growth is 32.2%. I wish to place on record my appreciation and A BIG THANK YOU for this tremendous performance and everyone’s support. We have entered this financial year on a very positive note and I am confident that once again all of you will set new records. This is a year where we have to overcome many challenges. The Key Challenge has been inflation. Obviously, if we have to keep this current pace of growth, we will have to step up our market effort and consumer activation to achieve our ambitious targets on a sustainable basis. Other challenges include stepping up production in both existing and new units and take a quantum leap in improvement of quality. A very ambitious capex plan has been planned towards this effort in our three units. Improving our own skills and competence to manage this growth momentum is going to be yet another challenge. I am aware that the HR team has planned many competency building programmes for all of you through ABD Academy. After having successfully implemented the ERP system, the quality of our MIS and our business processes have improved dramatically. We now have to move to the next level and I have agreed with the Finance team to implement SAP in ABD. This will enable us to use advanced business tools to have a better insight on our business. I take this opportunity to once again thank all of you for the support you have given and I know that I can count on your achieving bigger things in the years to come. Wish all of you a high performing 2011-12 year. Happy reading of Happy Hours! Deepak Roy 2 HR Review Realizing Our Vision – Together! In the last year, the company witnessed an overall growth and moved a step further in realizing its Vision: “To be the most admired spirits company.” This was possible due to the hard work and dedication of every employee and the emphasis that was laid on processes and systems being aligned to the values of the company. For the HR function, 2010-11 was the year of initiation. For the first time, strengths and opportunity areas of the people aspect of the business were identified and the HR Vision “To be the most admired employer” was conceptualized to address the same. The focus was mainly on laying foundations and putting in practice the fundamentals of HR processes and systems. We aim at enabling every employee of ABD to feel a sense of achievement and belonging and thereby realize the HR Vision. The current year is extremely important for the company, including from the HR point of view. The HR processes and systems laid down last year will be implemented for the smooth running of all functions. But change can never be ignored. HR will continue to make innovation a practice by implementing principles, processes and systems which haven’t been used in the company before. HR is a Strategic Partner & Enabler of Business Sustainable Growth All HR initiatives are being derived with strong emphasis on “B2B (Back to Basics)” for achieving sustained People Processes maturity. As you are all aware we have an established Job & Leadership Competency Framework which is used by employees to gauge their performance in a scientific and objective manner. This framework serves as a core to many HR initiatives such as Talent acquisition, Talent development, the performance management process (PMP), etc. 11.4% The performance management process that is derived from the Job & Leadership Competency framework is systematically implemented through SMART and objective KRA setting across functions and levels. Making PMP a half yearly process and conducting an online survey to assess its execution have been part of the initiatives of the year. Great rigor has gone into making processes systematic and emphasis has been laid on excellence in their execution. Last year, 146 new hires were made, 1730 man hours of training was imparted and our attrition rested at 11.8% compared to 18% as per industry norms. HR initiatives of 2010-11 ABD Future Leader Program Among the new hires last year were six MTs chosen from reputed institutes for the ABD Future Leader Program which consisted of nine months of cross-functional exposure in the form of living various business specific roles that were reviewed by the senior leaders periodically. This was a successfully implemented initiative towards building the leadership pipeline of the company. Today, they have successfully completed their stints and have been placed in their final roles and respective functions. ABD Academy This ABD Future Leader Program was conducted under the flagship of our very own ABD Academy, a learning academy that aims to sustain the functional and leadership development of all employees across levels through the 70:20:10 principle. This year, the Academy promises to provide 100% coverage of employees with capability building programs in line with their development needs, integrated with the company’s growth momentum. ABD Future Leaders undergoing a two day workshop with Dale Carnege for Capability Building and Personal Effectiveness ABD Value Star A reward and recognition system to encourage and motivate employees by creating a SMART rewarding culture. LOVE ABD Among the few on-going initiatives, ‘Living Our ABD Values Everyday’ better known by the anagram, “LOVE ABD” aims at bringing awareness and sensitizing everyone to act as role models and make values oriented behaviour a principle. Other initiatives include a survey that was carried out to address the company’s compensation structure to make it on par with the industry, as well as creating a culture of transparency. We need to further establish ourselves as not only the “Most Admired Employer” but also the “Most Admired Spirits Company” . The emphasis in 2011-12 would be to consolidate the key result areas of ABD and leverage them in line with the company’s Vision. 3 Brand Value Launches, record growth, events, market buzz… all these were part Officer’s Choice This year too, Officer’s Choice has continued its growth momentum and has grown from strength to strength to emerge as the second largest whisky brand in India. The brand has clocked a whopping sale of 15.77 million cases with an all India market share of 21.5%. Today Officer’s Choice is the market leader in Andhra Pradesh, West Bengal, Assam, Haryana, Punjab, Chandigarh, Himachal Pradesh and Rajasthan. Not only that, it has emerged as the largest IMFL brand to be exported out of India with a sale of over one million cases. The year also saw the roll out of the new OC pack in various states across the country. A new execution of the OC brand campaign that talks about Righteousness was also rolled out across all markets. Salaam Bengal and Salaam Rajasthan were successfully rolled out, further strengthening the emotional bond with our consumers. Also a big-ticket musical event featuring the first ever Indian Idol, Abhijeet Sawant, saw tremendous adulation and response in key cities of Maharashtra. And finally, OC made its first ever appearance on TV, with L shaped banners in the India South Africa series. OC Racing to New Highs! Economic Times has reported that Officer’s Choice whisky clocked fastest volume growth in 2010. OC was the fastest volume generator with 2.98 million nine- litre cases. The brand was ranked fourth in 2009. ET based its report on the findings of London-based research firm IWSR which specifically dealt with actual volume increases rather than percentage growth and excluded brands considered lowpriced in each market for the year. The Indian liquor market is forecast to grow into the world’s second largest by 2013 behind China. Let’s say “cheers” to case-tomer service! Jolly Roger Premium XXX Rum One of the biggest highlights of the year for ABD was the much awaited launch of its premium offering, Jolly Roger XXX Rum, a smooth dark rum blended with original matured Jamaican Pot still rum and natural spices. With its unique blend and international flavour, the rum offers its patrons truly differentiated, yet affordable premium dark rum, thus opening up a new segment for dark rum drinkers. Jolly Roger is the only dark rum in India which comes in family shaped bottles & tamper-proof caps across all pack sizes, instilling a youthful image and giving an assurance of quality. Positioned as “the Spirit of Jamaica”, a high decibel multimedia campaign was launched with the theme “Get High on Life”. Shot in Jamaica, the campaign celebrates the true spirit of the Jamaicans and their ‘Zest for Life’. It brings alive the Jamaicans’ fun, smooth, cool and flirty yet sensual attitude and their passion for music. Jolly Roger has been launched in the states of West Bengal, Assam and Orissa and the response has been very encouraging from both retailers and consumers alike. 4 of an exciting, action-packed year for Marketing Wodka Gorbatschow The year 2010-11 was an eventful one for Wodka Gorbatschow. The TV, a 10 episode series which brand clocked a sale of 61,235 cases, registering a growth of 29%. showcased little/unknown facets The highlight of the year was the repositioning of Wodka Gorbatschow. of India’s leading celebrities. The The basis of the new positioning is embedded in a very strong insight – second – Gorbatschow Pure that we all play many roles in life. Some roles we play out of compulsion, Shots – was a short film contest some because we like them and some to please society. As a brand on the theme “Whoever you are, Wodka Gorbatschow tells its audience that whatever role you play in life, be pure”. Further, two leading play it with honesty, integrity and with purity. This message is beautifully DJ’s of UK, namely Darren Bailey captured in the tagline “Whoever you are, be pure”, thereby owning the (of Gurujosh projects) and DJ Sanj high ground in purity. (of American Desi fame) were brought A 360 degree high decibel multi-media campaign was used to communicate the new positioning which included OOH, Print, Radio and down for an all India tour. The year 2010-11 also saw the launch of three exciting flavours, i.e. Vanilla, Digital. Besides, some highly innovative and buzz-creating initiatives were Orange and Green Apple. rolled out. The first was “Gorbatschow Face Off” in association with Zoom Class 21 It was a landmark year for Class vodka. The brand was rechristened as Class 21. The new name and identity embodies and connects with the spirit of today’s youth. With a unique, cutting-edge bottle to capture the imagination of hip and trendy consumers, Class 21 stands a class apart from other spirit brands in the category. Launched with the tagline “Thank God for 21”, the new campaign reflects the attitude of today’s youth. The campaign highlights the fun, zestful side of being 21. It showcases the youth, their lifestyle and celebrates the experience and joys of being at this cool age. The brand has been launched in nine states across the country and the feedback has been extremely positive and encouraging all across. Class ended the year with sales of 2,00,000 cases, registering a growth of 36% over the previous year. 5 Manufacturing & R&D Review Keep it Flowing! distillate – ENA output. Jolly Roger -- The conceptualization to collaboration to commercial production was executed successfully. WG Flavours -- Orange, Green Apple and Vanilla flavour variants of Wodka Gorbatschow was introduced in the market. Officer’s Choice Blue Pure Grain Whisky The conceptualization, collaboration and market research are through. The commercial production is ready to start. Lord & Master Brandy and Premium Brandy The developmental work is under process. Premium brandy as a new project is being undertaken for development. Manufacturing Highlights Production and Dispatch for 2010-2011 was 16.5 million cases as compared to 12.5 million cases in the previous year, showing a growth of 33%. The Manufacturing network was expanded in all four zones to augment capacity: North: • Associated Distilleries Ltd., Hisar, Haryana was added with a manufacturing capacity of 50,000 cases p.m. East: • Saaran Industries, Guwahati was added with a manufacturing capacity of 1,00,000 cases p.m. • Essencia capacity was augmented from 75,000 cases to 1,25,000 cases with additional bottling infrastructure. West: • ABD, Aurangabad achieved the highest production output of 1.45 MN cases. South: • In Andhra Pradesh, Sentini Beverages Private Limited was added with a monthly 6 manufacturing capacity of 1,00,000 cases. • Khoday Industries( Hyderabad) Private Limited was also added to the network with a capacity of 45,000 cases p.m. Projects • ABD, Aurangabad and ABD, Gurgaon are being modernized with a Capex infusion of about Rs. 6.0 crores. The work has commenced. Finance Review It’s all about money, honey! Providing strong support to the Products operations of the company, the • Jolly Roger was introduced and production started in three states, viz. Assam, West Bengal and Orissa. • Class 21 was relaunched pan India with a completely new packaging. stalwarts of Finance Division Innovation and R&D Work is under process for a modern Innovation and R&D Centre with state-of-the-art facilities. Distillery The redistillation plant was commissioned successfully and the designed capacity has been utilized exceeding 125% with high grade chalked up several achievements during the last financial year. To support the business and ABD’s growth in the market place, the Finance team organized additional working capital of Rs. 56 crores during the Financial Year 2010-11. There were several ‘firsts’ noted during the year. For the first time in ABD, half-yearly audit was conducted by the statutory auditors for the period ended September 30, 2010. Further, reconciliation of accounts with major contract bottlers, debtors and suppliers had been initiated. The response was very encouraging and a significant part of the reconciliation and balance confirmation was obtained from non-corporation markets. In the case of vendors and major contract bottling units also, we have achieved significant process in the reconciliation of accounts and confirmation of balances. The team will complete this entire exercise in the Financial Year 2011-12. Finance has also initiated several processes to strengthen operations. One of these is implementing Business Intelligence tools to utilize our ERP software for better interaction with other functions. Interface Getting to Know You Better Tete-a-tete with two colleagues – one a long server and the other a member of the future leadership team. Vijay Katiyar – Unit Head, Globus Spirits Ltd, Rajasthan ‘A’,’B’,’D’ - What do these 3 letters mean to you? ‘A’ – Aspiration, have an ambitious plan; ‘B’ – Bold, daring enough to challenge everybody; ‘D’ – Determination of achieving your aspirations What made you decide to join our family? I always wanted to join a growing firm like ABD, where one has more opportunity of learning than a well-established firm, also my educational background, & professional experience made me to join ABD. How would you recollect your first day at ABD? My first day in ABD was in a way full of surprises, as we (six MT’s) were welcomed with a welcome kit and most importantly, we were introduced to ABD Management & Executive Team on the very first day. How has your journey been so far? What have been the key milestones that you achieved? The last year it has been a very learning & enjoyable experience with ABD. Well, I have yet to achieve a milestone. How have you transformed personally or professionally over the last one year? Well, I would say professionally I have gained so much knowledge about the IMFL industry, be it sales, marketing, finance or manufacturing, ABD gave me the opportunity to learn in various functions, which helped me understand the IMFL business. How has ABD helped you in realizing your dreams & aspirations? In ABD I have not only learned but also applied the management skills at my job and sorted out practical solutions to problems, which I think every manager does in his/her role. I got this chance early in my career, thanks to ABD; this will definitely help me in my long term career. What has been your most cherished moment at ABD? The most cherished moment in ABD was when our top management showed faith & support in all of us, and action was taken on the recommendations/suggestions we made. Tell us about your family? I have four members in my family, my father is retired Air force personnel, and my mother is a house wife; my younger sister is pursuing MA- English from Kanpur University. And now for the Quick Fire round… My favorite… Animal – Dog, best pet animal. Role Model – Nobody Place to live – Kanpur, my home town Place of vacation – Switzerland, due to its natural beauty. Season of the year – Spring, that is when you see lots of flowers everywhere Place to eat – McDonalds, I’m Lovin’ It! Website – facebook.com, for socializing on the web Book – Love reading current affairs & business magazines like Outlook, Business Today. Movie – Zindagi Na Milegi Dobara… I loved the music, story & star cast of the film. Celebrity – Amitabh Bachhan, bas nam hi kafi hai Hobby – Singing Mahesh Jadhav – Manager Accounts Saluting Our Long Servers Organisation Builders ‘A’,’B’,’D’ - What do these 3 letters mean to you? ‘A’ – Achieve New Heights; ‘B’ – Blending of various departments; ‘D’ – Development & expansion. with more than 15 What did you do before ABD? What made you decide to join our family? I started my career with ABD (previously BDA) in 1995. valuable contributions How would you recollect your first day at ABD? Excited with little nervousness. How has the evolution of ABD been different between the first half & the second half of your tenure? Currently ABD is in expansion, resulting in ABD being the third largest liquor company in India with 16 million sale in FY 2010-11. How has ABD helped you in realizing your dreams & aspirations? I bought my own flat at in the year 2000. What has been your most cherished moment at ABD? When I received my first promotion! Tell us about your family? Parents, wife Seema and son Atharva. And now for the Quick Fire round… My favorite… Animal? – Dog Place to live? – Mumbai Place of vacation? – Ganpatipule in Konkan region Season of the year? – May & November Place to eat? – Anywhere, especially non veg Website? – Google Movie? – 3 Idiots Celebrity? – Sachin Tendulkar Hobby? – Play cricket years at ABD. We thank you all for your over the years. ªHaridasan M ªJoshi Rajesh ªAhmed Iqbal ªBhatt Girish ªChakravorty Sajal ªChandran R Ravi ªDeshmukh Ramesh B ªDoctor Maharoukh ªNair K V Manikandan ªNawathe Vijay D ªNoronha Titus Ambrose ªAuti Vilas R ªChoudhury Anirudha ªDashrathe Ulhas V ªGanorikar Ravindra R ªJain Ratan Lal ªKanse Dinkar J ªSharma Atanu Das ªShetty Radhakrishna S ªBalkrishnan V R ªBansal Arun K ªJain Satish Kumar ªKripalani Sunil M ªNarayangaonkar Suhas R ªReddy Cheruku M ªDas Sankar ªJadhav Mahesh Vasant ªParikh Rajendra ªChhabra Dinesh ªDevidas Babu I ªGawand Vishwas ªGupta Goutam Kumar ªSharma Sudhir ªTyagi Priya Devendra ªVachani Jitesh Dharmdas ntributionsU! o c r o f l l a C YO all about urs is Happy Ho s for the our entrie y in d ts, n e Do s hievemen way of ac y b e u s stories, next is , inspiring s ie b b o h unusual om etc. to bdindia.c hrotra@a e m ta ra nam 5th. cember 1 before De Reward & Recognition National Winner – Best Zone of the Year Award “Best Brigade” – East Zone Achievers take a bow ABD Gallantry Awards recognized achievements of top performers for the year 2010-11. ABD Gallantry Awards recognizes the achievements and contributions of individuals and teams in the sales and marketing function who through their top class performance has taken the company to greater heights. Various categories of awards have been created (National and Zonal level); truly inspired by the positioning statement of the flagship brand “Officer’s Choice”. The award point system takes into consideration the various roles/responsibilities of individuals and respective teams. The fun-fare evenings conducted in Mumbai, Gurgaon, Hyderabad and Kolkata saw winners and team mates rejoicing every moment of their success. Best Sales Executive of the Zone (East) Award “Parikrami”– Bishal Kar, Jharkhand East Best Sales Executive of the Zone (North) Award “Parikrami” – Sarjit Saharan, Haryana North West Best Sales Executive of the Zone (West) Award “Parikrami” – Sharad Temgire, ROM South 8 Adding Star Value to Innovation Sreemoy Khan receiving the ABD Value Star – Innovator of the Quarter Award for the East Zone Prachin Ghamray receiving the ABD Value Star – Innovator of the Quarter Award for the West Zone Design Consultants: Corporate Communication Services (I) Pvt. Ltd. Best Sales Executive of the Zone (South) Award “Parikrami” – G. Srinivas, Andhra Pradesh