Professional Documents
Culture Documents
Type Public
Industry water purifiers,vacuum cleaners
Founded 1982
Headquarters Mumbai, Maharashtra, India
Key people Suresh Goklaney (Chairman & MD)
Products Aquaguard
Employees 7000
Parent Forbes & Company Ltd.[1]
Website Official Website
Eureka Forbes, part of the Shapoorji Pallonji Group's Forbes Gokak based in
Mumbai[2], is an Indian consumer appliances company. Eureka Forbes was the
first to introduce domestic water purifiers - the Aquaguard - model - as well as
vacuum cleaners to India in the 1980s[3]. The company operates in over 92 cities in
India and employs over 7,000 individuals.
Pallonji Mistry
Pallonji Shapoorji Mistry is an Irish-Parsi construction tycoon. With his 18.5%
stake in Tata Sons, he is the single largest shareholder in India's largest private
conglomerate Tata Group. He is also the Chairman of the Shapoorji Pallonji
Group through which he owns Shapoorji Pallonji Construction Limited, Forbes
Textiles and Eureka Forbes Limited. He is also the former Chairman of
Associated Cement Companies. In 2010, Forbes estimated his total fortune to be
worth US$5.93 billion.Pallonji gave up his Indian citizenship in 2007 to adopt
Irish citizenship, making him the second richest Irish national in the world,
behind Sean Quinn.
In 2006, he gave up his Indian citizenship to become an Irish citizen.[4] His son-in-
law Noel Tata is the CEO of the retail arm of the Tata Group. Noel Tata is also
the half-brother of Ratan Tata. He has Two Sons - Shapoor and Cyrus and Two
Daughters- Laila and Aloo. His son Shapoor Mistry is married to Behroze Sethna
the daughter of lawyer Rusi Sethna.
Company Overview
Eureka Forbes, Ltd. offers water purification systems, vacuum cleaners, and air purifiers.
The company also offers security solutions, including home security systems, intrusion
alarm systems, access control systems, fire alarm systems, and surveillance systems. In
addition, it offers industrial solutions, such as industrial water purifiers, commercial and
industrial vacuum cleaners, hard floor cleaning and maintenance machines, high pressure
cleaners, and cleaning and hygiene products. Eureka Forbes offers its products through
dealers and institutional sales network. The company was incorporated in 1931 and is
based in Mumbai, India. Eureka Forbes, Ltd. operates as a subsidiary of Forbes & ..
Company Ltd.
Eureka Forbes Started in 1984 with joint venture between Forbes (India) and Electrolux
(Sweden) by introducing water purifier (aquaguard) and Vacuum cleaner (Euro Clean) in
the market. They were the first to innvate and make the indian homes realize the need of
water purifier and vaccum cleaners. During that time these products were unknown to
indian market therefore advertising commercial campaigns were an impopssible. Because
of the low interest and since the product benefits needs to be demonstrated to the
customers, conventional distribution was not viable. Hence EFL chose the less traveled
Direct selling route.
COMPANY
1. Rs. 10 billion multi-product, multi-channel corporation -
part of the Shapoorji Pallonji Group
2. Over 7,000 employees
3. Leaders in domestic and industrial Water Purification
Systems, Vacuum Cleaners, Air Purifiers & Security
4. Pioneers in Direct selling - Asia's Largest Direct Sales
Organisation
5. A strong service network that backs up sales efforts,
Supported by Call Centre, Customer Care Representatives
& Mobile Service Vans and 24 hour helpline for customers
- Eurohelpline
6. Eureka Forbes - A Business Superbrand o Aquaguard &
Euroclean - Chosen Superbrands o Ranked among India's
Most Admired Consumer Durable Companies o Best
Employers (3 times in a row) o Winner of 'Most Admired
Knowledge Enterprise' MAKE- Asia Awards o A case study
at the prestigious Harvard Business School o Winner of
awards on Customer Responsiveness o Winner of Water
Digest awards Customer has always been the centre of
their business
7. They are in close and constant touch with their
customers, listening to them and understanding their
needs.
They have created exciting new products and services to
satisfy customers’ needs
8. A sale is only the beginning of a relationship - they make a
special effort to let the bonds of friendship endure through
service, post purchase training and a host of other
customer care incentives
We are ‘Your friends for life,’ we are EurekaForbes!
It dates back to 1982, when health ambassadors from Eureka Forbes, with a
new concept of living in a clean environment and drinking water in its purest
form knocked on your door! They called themselves friends for life and they
proved that they indeed were. Eureka Forbes continues to be the best friend in
an Indian Household even after two decades and the sentiments have not
changed.
Code of Conduct:
Territory: The representative will sell the products of the company to the
customer's house/office
within the specified boundaries/territories approved by the company
Information and Use of the Products: The representative will offer the details
to the customer about the products which can be confirmed with the necessary
demonstration in support of information mentioned in brochures, user manual
or literature published/issued by the company.
The representative shall not overstate or exaggerate claims/features of the
product.
The representative will inform the customer about any scheme with the
products which are officially announced by the company Standard and Quality
of the ProductThe representative will offer the details about the standard and
quality of the products which are mentioned in the brochure, user
manual/literature and which are confirmed by respective authorities by
certificate
Price of the Product: The representative will offer the products to the
customer on such price which are fixed by the company and there will be no
deviation from the same
Few of the most successful features on Euroshare are LMS, Talk Live, Survey
Options and EuroSMS. And some of our successful KM programs are-
EuroSenate, Annual KM mega events such as Knowledge Olympics,
Expedition Everest and EuroIPL have been appreciated by KM practitioners
worldwide.
Eureka Forbes has been recognised internationally for it’s unique and successful KM
practices and has won following national and international accolades
Over the next hundred years, the company’s expertise has been repeatedly
showcased on projects which involved a major advance in construction
technology
or whose size was beyond the capacity of most others. Blessed with a rich
legacy and heritage, it has marched into the new millennium with modern
management skills, state-of-the-art technology and the ideals of innovation and
customer satisfaction, to the extent that When the Sultan of Oman decided to
build a palace around his throne, he placed his trust in Shapoorji Pallonji.
Shapoorji Pallonji & Co. Ltd. is just one of the jewels in the SP crown. It draws
vital support from other group companies to be able to execute turnkey projects
swiftly and efficiently. These include SP Fabricators, AFCONS, Forbes,
Sterling and Wilson, SP Construction Materials Group, SP Real Estate and
Samalpatti Power Company Private Limited. Together, this conglomerate
continues to strive towards perfection, quality and commitment virtues.
Technology Innovation
Technology – Open Innovation and Partnerships
Eureka Forbes is a company with a progressive technology vision. We have
long recognized the vital role innovation plays in bringing safer, better and
increasingly valuable technologies to benefit our customers. We believe in
“Open Innovation” where new technologies, ideas and products from within
and outside are constantly explored, evaluated and wherever found suitable,
adopted and implemented. The “Not Invented Here” syndrome is unknown to
us! We believe that the best ideas can come from anywhere and the challenge is
in developing value-creating and mutually rewarding partnerships to bring the
innovations to the market.
True to our “Friend for Life” corporate philosophy, our valued partners have
grown with us through mutually profitable win-win relationships. We have an
unparalleled track record of working with global technology companies, many
in start-up stage, and our relationships have transformed these small start-ups to
independent larger companies, for many of which, we remain their major
customer.
These attributes have helped Eureka Forbes earn the trust of partners over
many years of continuous and growing relationships. We bring solid market
knowledge and entrepreneurial zeal to take innovative technologies to market
and have globally admired sales training programs to disseminate the benefits
of such innovative technologies across the selling chain. These unique
attributes helped Eureka Forbes achieve the coveted MAKE (Most Admired
Knowledge Enterprise) award for several years in a row.
Eureka Forbes invites individuals and companies anywhere in the world to join
us in developing new products and technologies to meet the new market
challenges and changing consumer expectations.
Many products developed under Open Innovation Model are enduring winners
for both Eureka Forbes and our developmental partners.
The heart of Eureka Forbes’ ‘open innovation’ model rests with the Global
Innovation Centre that houses our R&D labs, where we constantly pursue
innovative products and value-creating partnerships. The quest for innovation
never stops here – Will you join us?
Home Products
Customer Perception of
Quality
One of the basic concepts of the service quality is
continuous process improvement. The concept implies
that there is no acceptable quality level because the
customer’s needs, values and expectation are constantly
changing and becoming more dependent. These are:
• Performance
• Feature
• Service
• Warranty
Customer Feedback
Is not a one time effort. It is an ongoing and active prbing
ofcustomer.
OURVISION
OUR MISSION
OUR VALUES
OUE DREAMS
SYMBOL OF QUALITY
Eureka Forbes Ltd.-the Strategic Direction
One stop shop for health and home care products.
Becoming a preferred partner for the best in the world Euro champs
This water purifier has 4 purification stages like- Pre-filter purification, Pre-
carbon
filter, Sediment filter purification and Reverse Osmosis technology. Reverse
Osmosis separate remove dissolved salts, heavy metals, chemicals, micro-
organism and other impurities to drain. Auto Flust Timer (AFT) eliminates
the
need of manual cleaning of water purifier. This model is sleek and
aesthetically
designed. It comes with a 15 litres of storage capacity and is available in 2
different colours.
Price - Rs 24,000
2. Eureka Forbes - AQUAGUARD TOTAL
This storage water purifier has 9.5 Liters water storage capacity and 4 purification stages
like- Sediments purification, Ultra-Violet purification, Reverse Osmosis technology
purification and and finally Argentum Nano Fresh+ which improves taste. It has Reverse
Osmosis Technology; it uses semi-permeable membrane to divert dissolved salts, heavy
metals, chemicals, micro-organisms and other impurities to drain. The Ultra-violet
purification system has a lamp which helps in eliminating bacteria and viruses thus
providing safe drinking water. Its patented Intelligent Blu-G technology senses the quality
of water. Then auto-selects the best water purification technology that should be used
. AQUAGUARD ULTRA
This water purifier has a flow rate of 8 liters per hour. This RO
purification water
and cysts and reduces all ionic particles including heavy metals,
pesticides and
Rs:- 7,190
This product of eurekaforbes named classic this is the first model of aquaguard with three
stages of water purification and a metal and abs plastic body which really compatiable
with water and it also have one year of warantty
PRODUCT PROFILE
Eureka Forbes Aquaguard Compact
Reviews
Ease of Use:
Durability:
Ease of Cleaning:
Style & Design:
Service & Support:
Powered with e-boiling+, an Intelligent Purity Sensor system and Mineral Preserver
system, Aquaguard Compact removes waterborne disease-causing bacteria organisms,
impurities and more. Ensuring that the water your child drinks is absolutely pure and safe.
Aqua Guard
Kent grand,
Hindustan unilever –pureit,
Philips intellegent,
Whirlpool Pure Fresh,
Jaipan, Alpha Dewdrop,
Eurotek System,
GenPure R.O System,
Bionics
Aqua Tech
Kenstar water purifier,
Krona,
Astro-boy-water purifier,
Euro Fabs,
Euro riva water purifier,
Aqua fresh water purifier.
Aquaguard enjoys the faith of 20 million people and has been given Super
brand status. It is the only water purification system that is endorsed by the
Indian Medical Association, a body of 1,78,000 doctors. Hence, Aquaguard is
the tried, tested and trusted choice for mothers.
When Nielsen Media Research surveyed India for the most trusted brand in
water purification, the consumer's choice was no surprise Aquaguard. Today,
Aquaguard has been honoured with the Reader's Digest Platinum Award for the
most trusted consumer brand in the water purifier category.
Mr. S.K. Palekar Sr. Vice President, Marketing & Knowledge Management,
Eureka Forbes says "At Eureka Forbes, we believe in providing a happy,
healthy, safe and pollution-free environment based on trust and lasting
relationships with customers. And Aquaguard is the flagship brand of this
philosophy.
Competitors’ Analysis:
Initially Eureka Forbes was the only company manufacturing water purifier, in
Sambalpur. It used to enjoy a monopoly market. People there were not aware
of any other brand. But with changing times, other companies had emerged
with their technologies and products. With the help of branding and media
these company has gained a little importance in the town of Sambalpur.
Though the mass of the population is still using Eureka Forbes- Aqua guard,
but still people are aware of some of the brands which have emerged. They are
as follows:
ACHIEVMENTS
Aquaguard Water Right Child Bright Schools Program 2005-06
Aquaguard Water Right Child Bright Program:
• Parents can ask for more information on healthy and happy living
by e-mail
Eureka Forbes Institute of Environment awarded for its exemplary work undertaken
towards preserving the environment by the Orchid Hotel (an Ecotel Hotel) on the
occasion of World Environment Day. Every year this award honours individuals that have
worked for Environment Issues. This is the first time a Corporate is being recognized.
Euro Parivaar Enviro Park inaugurated by The Governor
of Maharashtra His Excellency Mr. S. M. Krishna on
January 10th, 2005.
The Euro Parivaar Enviro Park
The creation of this unique park has been completed in "Portuguese Church"
area of Dadar in Mumbai. The park has been conceived and planned by Eureka
Forbes Institute of Environment - an entity registered under the Bombay
charities commissioner in the year 2000. The slogan of Eureka Forbes Institute
of Environment is "POLLUTION FREE AIR AND WATER IS OUR
BIRTHRIGHT". It's most significant program to date has been setting up air
pollution labs in major 10 cities of the country for daily measurement of three
most harmful air pollutants and its dissemination to people at large through a
part of NDTV channel's weather bulletin called "Pollution Watch". Recently it
also opened WaterX at water-starved Chennai-India's first knowledge centre on
drinking water.
The park has come out of five concerns of Eureka Forbes Institute of
Environment
1st World Class Indian Laboratory that can improve the lives of
million of Indians
Aquadiagnostics Water Research & Technology Centre (AWRTC)
receives the prestigious recognition as an 'Independent Testing Authority'
by Water Quality Association (WQA),
USA. It becomes the first recognised laboratory-ever by WQA in India,
South East Asia & Asia and only 8th in the World.
Bangalore, January 07, 2005
Aquamall Water Solutions Limited, makers of Aquaguard Water Purifiers (a
fully owned subsidiary of Eureka Forbes Limited) have set up Aquadiagnostics
Water Research & Technology Centre (AWRTC), at Bommasandra,
Bangalore. It is a state-of-the-art water research & technology centre equipped
with highly advanced facilities prescribed by institutions like APHA (American
Public Health Association), NSF (National Sanitation Foundation, USA),
USEPA (United State Environmental Protection Agency) and the BIS (Bureau
of Indian Standards).
Aquadiagnostics, the first exclusive water testing and research laboratory with
Ultramodern facilities in India, has received the rare distinction of being the
first-ever laboratory in India, South East Asia and only 8th in the World to be
recognized by the Water Quality Association (WQA), USA as an 'Independent
Testing Authority'.
Eureka Family
5700 Euro Champs make 40 calls a day (2.3 lakh contacts).
As per the survey done following were the findings and recommendations
of the survey:
All models not available for display in retail outlets and also
brochures should be made available
.
Every research is conducted under some constraints and this research is not an
exception. Limitations of the study are as follows:
The sample size of only 50 was taken from a large population for
the purpose of study, so they can be difference results of the sample
from total population.
CONCLUSION
Eureka Forbes is a direct selling company. The main objective
of company is to profit their distributers by eliminating the
middlemen and provide the products to the distributers in a
cheaper price.
$ Eureka forbes is one of the largest direct selling company in
India.
$ The products are of the world class quality. They are made up of
natural things that’s why are very good for health and environment.
$ The products are costly as compared to other branded products
available in market, but if we compare the quantity while using
these products require less amount and thus can be used for a
longer period.
Survey
This tool is in the form of a questionnaire where the
customer is asked to furnish answer relating to the quality
of product and services. To make survey more useful must
be remember the following:
• 1. Customer are not the same
• 2. Survey raise the customer expectation
• 3. The more specific the question
• 4. Before the data is collected, you know how you want
to analysis and use it.
1. Have you heard about Eureka Forbes brands before purchasing it?
Yes 60%
No 40%
INTERPRETATION
It was observed that about 60% of the people were
aware ot the product before purchase,and about
40% pf the people weren’t aware of it.
Who recommended our product?
a. Family friend 65%
b. Employee of EFL 35%
INTERPRETATION
INTERPRETATION
72% of the people think that the product’s priced high, 21%
think that it is affordable, and the remaing 7% think that the price
need to be revised.
a. Yes
b. No
c. others
INTERPRETATION
41% of the people were satisfied with the product while 52% were
not, the remaining 7% might not be using the product.
b. Print Media
c. Internet
d. People/friends
INTERPRETATION
o Price
o Health
o All of the above
INTERPRETATION
Ans:
Ans:
b. Print Media ( )
c. Internet
c. People/friends ( )
d. others _____________ ( )
4. How will you rate product Compared other products of
other companies (Philips, kent, pure it, Aqua sure, Uniliver)?
a. Much better ( )
b. Better ( )
c. Same ( )
d. Worst ( )
a. Family friend ( )
b. Employee of EFL ( )
a. Very Satisfied ( )
b. Satisfied ( )
c. Neutral ( )
d. Dis satisfied ( )
e. Very dissatisfied. ( )
o Price
o Both
• Affordable
• High
• Should be Revised
9. Are you satisfied with Eureka Forbes brands and products?
a. Yes ( )
b. No ( )
c. others_________________________________________