Term Paper

On

Reliance Industries Limited

Indian Institute of Information and Technology

Allahabad

Submitted to:

Dr. Madhvendra Mishra

Submitted By:

Shivali Bharadwaj

(MBA200535)
Reliance - India's largest business house

The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is

India's largest business house with total revenues of over Rs 99,000 crore
(US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net
profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore
(US$ 3.6 billion).

The Group's activities span exploration and production (E&P) of oil and gas,
refining and marketing, petrochemicals (polyester, polymers, and
intermediates), textiles, financial services and insurance, power, telecom and
infocom initiatives. The Group exports its products to more than 100
countries the world over. Reliance emerged as India's Most Admired
Business House, for the third successive year in a TNS Mode survey for
2003.

Reliance Group revenue is equivalent to about 3.5% of India's GDP. The

Group contributes nearly 10% of the country's indirect tax revenues and over
6% of India's exports. Reliance is trusted by an investor family of over 3.1
million - India's largest.

Reliance Industries Ltd. - India's largest private sector

company

Reliance Industries Limited (RIL) is India's largest private sector company

on all major financial parameters with gross turnover of Rs 74,418 crore
(US$ 17 billion), cash profit of Rs 9,197 crore (US$ 2.1 billion), net profit of
Rs 5,160 crore (US$ 1.2 billion), net worth of Rs 34,452 crore (US$ 7.9
billion) and total assets of Rs 71,157 crore (US$ 16.3 billion).

RIL emerged as the only Indian company in the list of global companies that
create most value for their shareholders, published by Financial Times based
on a global survey and research conducted by PricewaterhouseCoopers in
2004. RIL features in the Forbes Global list of world's 400 best big
companies and in FT Global 500 list of world's largest companies.

RIL emerged as the 'Best Managed Company' in India in a study by Business

Today and A.T. Kearney in 2003. The company emerged 'India's biggest
wealth creator' in the private sector over a 5-year period in a study by
Business Today - Stern Stewart in 2004.

RIL alone accounts for:

• 17 per cent of the total profits of the private sector in India

• 7 per cent of the profits of the entire corporate sector in India
• 6 per cent of the total market capitalisation in India
• Weightage of 13 per cent in the BSE Sensex
• Weightage of 10 per cent in the Nifty Index

One out of every four investors in India is a Reliance shareholder.

With globally competitive capital and operating cost positions, Reliance

Group dominates the rapidly growing Indian market deriving over 80% of its
revenues from the domestic market.

VISION
"Growth has no limit at Reliance. I keep revising my vision.
Only when you dream it you can do it."- DHIRUBHAI AMBANI,
Founder Chairman,The Reliance Group

"Our dreams have to be bigger. Our ambition higher. Our commitment

deeper. And our efforts greater. This is my dream for Reliance and for
India." -Dhirubhai Ambani

Dhirubhai's vision:

Reliance should become a name to reckon with in the global arena

Reliance should be a powerful instrument in making India a major economic

power in the world Reliance should be a catalyst for transformation of the
quality of life of tens of millions of common men and women

Having earned the trust of a family of millions of shareholders - each one so

dear to his heart - Reliance should continue to grow, expand and diversify to
serve their interests.
PERCEPTION
First, they set up world-class companies and facilities in spite of those
regulations and, second, by exceeding the limits and restrictions, they
created the case for scrapping those regulations. They made a case for
reforms.
SHAREHOLDING PATTERN

Corporate Structure

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is

India's largest business house with total revenues of over Rs 99,000 crore
(US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net
profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore
(US$ 3.6 billion).

The Group's activities span exploration and production (E&P) of oil and gas,
refining and marketing, petrochemicals (polyester, polymers, and
intermediates), textiles, financial services and insurance, power, telecom and
infocom initiatives. The Group exports its products to more than 100
countries the world over. Reliance emerged as India's Most Admired
Business House, for the fourth successive year in a TNS Mode survey for
2004.

Reliance Group revenue is equivalent to about 3.5% of India's GDP. The

Group contributes nearly 10% of the country's indirect tax revenues and over
6% of India's exports. Reliance is trusted by an investor family of over 3.1
million - India's largest.

The Reliance Group Companies include: Reliance Industries Limited,

Reliance Capital Limited, Reliance Industrial Infrastructure Limited,
Reliance Telecom Limited, Reliance Infocomm Limited, Reliance General
Insurance Company Limited, Indian Petrochemicals Corporation Ltd. and
Reliance Energy Limited.

Planning

STRATEGY ADOPTED:Changing according to Economy

It all started when opportunity in the textile industry was sensed because
higher disposable incomes were leading to Indians buying better, more
expensive clothes. Clearances to manufacture cloth from polyester fibre
were received and first textile mill in Naroda was opened.

ANALYSIS:Economic condition of the country and buying power of the

customers were quickly identified and Reliance forayed into business with
high margins.

STRATEGY ADOPTED: Expansion through Integration

FACTS: In 1982 Ambani began the process of backward integration,

setting up a plant to manufacture polyester filament yarn. He subsequently
expanded into chemicals, gas, petrochemicals, plastics.
ANALYSIS:This is a classic example where backward integration was used
as a method of expansion.

Backward integration is a part of vertical integration which is used when

company starts making new products that serve its own needs.
This was a brilliant strategy which provided them with a better control over
their value chain by creating access to and control of supply and demand.
This complete vertical integration led to reduction in prices at each stage and
also better control. Because of this they were able to meet the competition in
a better manner.
Now the products manufactured by them are not only used by them but also
by their competitors.

STRATEGY ADOPTED: EXPANSION THROUGH

DIVERSIFICATION

FACTS: Reliance’s diversification occurred in the 1990s when the company

turned aggressively towards petrochemicals and telecommunications.

ANALYSIS: Diversification strategy is used mainly to reduce risk.

The diversification strategy that Reliance adopted was Conglomerate in
nature as it diversified into those businesses which were totally unrelated to
its existing businesses for example telecom and power.
It was used to capitalize on organizational strengths and minimize
weaknesses.It lead to better management and allocation of cash flows such
that cash flows from a CASH COWS were pumped into potential STARS.
For eg. Here the cash from RIL is currently being pumped into Reliance
Infocomm and REL until they start generating profits.

STRATEGY ADOPTED: Generation of finances in earlier days for

expansion purposes.

FACTS: It was judged that further expansion, especially into related sectors ,
would depend on access to a cheap source of capital. Rather than turning to
the banking system, Ambani decided to tap Bombay stock exchange,
pioneering an equity cult that was to transform the corporate financing
system in India. Reliance went public in 1977 and it’s initial public offering
saw 58,000 investors buying shares. Currently the number of Reliance
shareholders are more than three million.

ANALYSIS: This cheap source of capital definitely saved them from high
interest rates from banks and other financial institutions.

The second benefit that they got was, now they they cannot be manipulated
by a single individual and institution. Their large number of small
shareholders ensured that rigging of their shares was virtually impossible.

Thirdly, this decision helped them become a thoroughly professional

company as they were now accountable to its shareholder.

Six Sigma

With a mission to achieve Zero Defect work culture, Reliance launched the
Six Sigma initiative
in February 2004. Six Sigma was deployed across all aspects of businesses,
manufacturing and service functions to help us improve processes, boost
productivity, reduce inventory and
improve quality.

• A team of 25 full-time Black Belts is spearheading cross-functional

high impact projects throughout the company.

• Benefits from ongoing projects have been assessed at Rs 140 crore.

 • Three of our Six Sigma projects were rated as the top three projects at
the 50th year
celebrations of the Indian Statistical Institute, Bangalore in March
2005.

• One Six Sigma project at Hazira has won an award at the American
Society for Quality conference held at Seattle in 2005.

• By March 2006 we plan to train about 40 percent of our supervisory

staff in Six Sigma
methodology. This will motivate them to work towards achieving
world-class performance. In turn, this is expected to bring about
increased satisfaction for the customer and the shareholder.

They are incorporating new techniques to improve the quality of their

products.
During the year, several new initiatives were taken to improve and
strengthen quality management systems at the sites.

• At the newly acquired RPCL facility, QA/QC systems were put in

place at the time of plant start up - resulting in reliable results from the
start.

• Total Quality Management was introduced in all the laboratories at

Jamnagar.

• The 5 S programme was introduced at laboratories for inventory and

document management.

• Inter laboratory testing across the Reliance group has been made a
regular feature to monitor the reliability of analytical services.

• Suggestion schemes have been introduced to encourage the

involvement of all employees in
quality related activities - eighteen employees received awards.
Reliance's efforts on the quality front continued to receive
recognitions.

• The Jamnagar laboratory received recognition on the analytical front

 from CEMILAC (Centre for Military Airworthiness and Certification)
for its high level of Quality Confidence
and Control Measures.

• For each month during the year, Reliance received Golden certificates
from Shell Global
Services for Excellence in Reliability of Testing and Results.

• Reliance's laboratory was accredited for conforming to QMS as per

ISO/IEC 17025 by NABL.
PRODUCT FLOW CHART
Abbreviation Full Name Abbreviation Full Name Abbreviation Full Name
ATF Aviation LLDPE Linear low PP Polypropylene
turbine fuel density
polyethylene
DEG Di-ethylene MEG Mono- PSF Polyester
glycol ethylene staple fibre
glycol
EDC Ethylene di- MS Motor spirit PTA Purified
chloride terephthalic
acid
EO Ethylene NGL Natural gas PVC Polyvinyl
oxide liquid chloride
HDPE High density NP Normal PX Paraxylene
polyethylene paraffin
HSD High speed PET Polyethylene TEG Tri-ethylene
diesel terephthalate glycol
LAB Linear alkyl PFY Polyester VCM Vinyl chloride
benzene filament monomer
yarn

IBRES, FIBRE INTERMEDIATES & CHEMICALS

Patalganga, near Mumbai,
Maharashtra

RECRON

o Recron Staple Fibre (PSF)

o Recron Filament Yarn (PFY)
o Recron Chips
o Purified Terephthalic Acid (PTA)
o Paraxylene (PX)

RELAB

o Linear Alkyl Benzene (LAB)

o Normal Paraffin Hydrocarbon
o Solvents
POLYMERS, CHEMICALS, FIBRES & FIBRE INTERMEDIATES

Hazira, near Surat

Gujarat

REON

o Polyvinyl Chloride (PVC)

RECLAIR

o Linear Low Density Polyethylene (LLDPE)

RELENE

o High Density Polyethylene (HDPE)

REPOL

o Polypropylene (PP)
o Purified Terephthalic Acid (PTA)
o Ethylene Oxide (EO)
o Mono-ethylene Glycol (MEG)
o Di-ethylene Glycol
o Tri-ethylene Glycol
o Ethylene
o Propylene
o Benzene
o Toluene
o Xylene
o Carbon Black Feed Stock (CBFS)
o Vinyl Chloride Monomer (VCM)

RECRON

o Recron Staple Fibre (PSF)

o Recron Filament Yarn (PFY)
o Recron Fibre Fill (PFF)
 RELPET

o Polyethylene Terephthalate (PET)

REFINERY PRODUCTS, POLYMERS & FIBRE INTERMEDIATES

Jamnagar,
Gujarat

REFINERY

o Liquefied Petroleum Gas (LPG)

o Propylene
o Naphtha
o Reformate
o Motor Spirit (Gasoline)
o Middle Distillate Pool (includes HSD, Kerosene, AFT)
o Sulphur
o Coke

PETROCHEMICALS

o Paraxylene
o Polypropylene

PORT & TERMINALS

POWER

TEXTILES
Naroda, near Ahmedabad, Gujarat

VIMAL

o Suitings & Shirtings

o Dress Materials & Sarees

HARMONY

o Furnishing Fabrics
o Day Curtains
o Automotive Upholstery
 SLUMBEREL

o Fibrefilled Pillows
o Sleep Products

RECRON

o Texturised Yarns
o Twisted / Dyed Yarns

RUEREL

o Suitings

REANCE

o Shirts, Trouser & Jackets

OIL & GAS

Panna & Mukta - off Bombay High

Tapti - Northwest of Mumbai

• Crude Oil
• Natural Gas
• Exploration & Production (E & P)

NEW INITIATIVES

• Telecom
• Power
• Engineering, Procurement and Construction (EPC)
• Infrastructure
• Infocom
• Insurance
• Coal Bed Methane
Group Companies

Reliance Industrial Infrastructure Limited

Reliance Industrial Infrastructure Limited (RIIL) is an existing, dividend

paying Company. The Company is engaged in the business of construction
/setting up of industrial infrastructure and project related activities.

The Company's Registered Office is located at 5th floor, NKM International

House, 178, Backbay Reclamation, Babubhai Chinai Road, Mumbai 400 020.
It has its operations in Mumbai - Rasayani belt, Hazira - Surat belt and other
places in India.

The Company was incorporated in September, 1988 as a Public Limited

Company in the name of "Chembur Patalganga Pipelines Limited". The
name of the Company was subsequently changed to "CPPL Limited" in
September, 1992 and thereafter to the present name viz., "Reliance
Industrial Infrastructure Limited" in March, 1994.

Indian Petrochemicals Corporation Ltd

Indian Petrochemicals Corporation Limited (IPCL) is the pioneering
petrochemical company in India. It was established on March 22, 1969
(Chitra, Shukla Paksh 4, Saka 1891). Today, IPCL is one of the leading
petrochemical companies. It's business comprises of polymers, synthetic
fiber, fiber intermediates, solvents, surfactants, industrial chemicals,
catalysts and adsorbents. Backed by Research Center, Product Application
Centers, Technology Management Centers and Customer Relations Centres
the company is continuously innovating its processes and products. The
company owns and operates three petrochemical complexes, a naphtha
based complex at Vadodara and gas based complexes at Nagothane near
Mumbai and at Dahej on Narmada estuary in bay of Khambhat. The
company produces over one and half million tonnes of merchant products
and has turnover close to US $ three billion.
Trevira
Trevira stands internationally for textile products with the highest
functionality. Together with our partners we develop hi-tech fibres and
filaments. And supply customised specialties, opening new market prospects
to a globally successful textile industry.

Organizing
Board of Directors

Mukesh D. Ambani
Chairman & Managing Director

Nikhil R. Meswani
Executive Director

Hital R. Meswani
Executive Director

H.S.Kohli
Executive Director

Ramniklal H. Ambani

Mansingh L. Bhakta

Yogendra P. Trivedi

Dr. D. V. Kapur

M. P. Modi

S. Venkitaramanan

Prof. Ashok Misra

Dipak C Jain

Committees of Board of Directors

Committee Composition Remarks

Audit Committee Shri Y.P. Trivedi Chairman
Shri S. Venkitaramanan Vice
Chairman
Shri M.P. Modi
Shri T.R.U. Pai

Remuneration Committee Shri M.L. Bhakta Chairman

Shri Y.P. Trivedi
Shri S. Venkitaramanan
Shri D.V. Kapur

Shareholders’/Investors’ Shri M.L. Bhakta Chairman

Grievance Committee Shri Y.P. Trivedi
Shri M.D. Ambani

Finance Committee Shri M.D. Ambani

Shri N.R. Meswani
Shri H.R. Meswani

Health Safety and Environ Shri Hital R. Meswani

Committee Shri D.V. Kapur
Shri H.S. Kohli

Corporate Governance and Shri Y.P. Trivedi

Stakeholders’ Interface Shri D.V. Kapur
Committee Shri M.P. Modi
Staffing
Reliance offers access to world-class resources for personal and professional
growth. We offer opportunities for growth that can fill a career.

If you join Reliance you'll have the chance to take on challenging

responsibilities, working with top-caliber, world-class professionals from
around the globe. At Reliance you will be part of a culture of excellence and
social responsibility. You won't be just working for a living; you'll be part of
a global team that's focused on making a difference in the everyday lives of
people.

Why? to find out why Reliance would be the right choice for you, read on.

People are central to Reliance's growth strategy. A large in-house pool of

intellectual capital is the driving force behind Reliance's accelerated growth,
and is one of its fundamental competitive strengths. Reliance is a young
company, with an average age of 37 years for its 11,358 employees, as on
March 31, 2004. Talent is drawn from diverse academic backgrounds, and
the emphasis is on recruiting people with formal training that matches their
job profile. Reliance has 2% Ph.Ds, 12% MBAs, 79% Engineers and 7% CA
/ ICWAs.

The world-class exposure, growth opportunities and competitive

compensation packages offered by Reliance enable it to attract and retain the
best talent in the company. As a result, Reliance's employee turnover at
3.26% is among the lowest in the industry. Recruitment in Reliance targets
the world market for the right individuals, ensuring a global perspective for
the people responsible for global scale plants and operations. Reliance is one
of the few Indian companies with a significant number of expatriates within
the organisation

Reliance is looking for top-caliber people who want the flexibility and
resources to grow in their career. If you're the kind of person who has
always stood out, Reliance offers a place where you can continue to excel.

No matter what your field or range of interests, there are vacancies where
your talents can likely be applied and developed. We have thousands of
diverse people from different cultures and backgrounds working in a variety
of different jobs in different fields.

What can you bring to Reliance? do you fit in ? check out from the list
below...

WHO THEY HIRE

Freshers : Qualification
Engr Graduates
MBAs
CA/ ICWAs
Company Sectys
Law School Graduates

Experienced : Sites Area / Qualification

Process Industries
Petrochemicals
Polyesters
EPC Companies
Shared Services
Technical/ Engineering
Graduates
HR Professionals
MBAs
CA/ ICWAs
Company Sectys
Law School Graduates

HOW THEY HIRE

• Merit is the sole criteria for selection

• Attitude is given as much weightage as functional competencies.

• Panel interviews comprising of Functional Head & HR Head.

 • Sources for recruitment are through campus, consultants, employee
referrals, internal job postings and the internet.

• Positions in Officer Cadre, GET and MT involve written tests.

• Antecedent verification is an integral part of our recruitment process.

• Medical fitness is pre-requisite for all positions.

• We are an equal opportunity employer and do not discriminate on the

basis of race, community, religion or sex.

Learning and Training

Reliance believes that continuous learning, constant training and
development, is necessary not only for self enrichment but also for ensuring
retention of the best talent, besides providing Reliance with a sustainable
platform for growth in the business environment. Training programs have
been devised to develop cross-functional skills. The objective is to provide
Reliance's people with an opportunity to address areas, not immediately
relevant to their job profile, but important from the perspective of all-round
development and for holistic view. During the year, 336 training programs
covering over 5,000 employees were conducted.

Management Programme for Reliance Engineers (MPRE)

Reliance has, in association with the Indian Institute of Management,

Bangalore, created a customised management course for its engineers. The
course, which provides managerial insights to engineers, keeping Reliance's
specific needs in view, is now completing its 7th year. The course has now
expanded its scope to include, apart from 'Manufacturing Excellence', the
'Techno-Commercial' aspects of business. The medium of education is
Reliance-specific case studies, projects and supplementary sessions, which
are taken by Reliance's executives. Typically, the participants, after
undergoing MPRE, move on to assignments different from the ones they
were holding earlier and subsequently get rotated to different assignments
facilitating them to get groomed as future leaders as a part of the individual
based career plan. Care is taken to match the aptitude of the person with the
requirement of the organisation.
Training Matrices

The key to creating a cutting-edge organisation depends upon its ability to

transform itself into a learning organisation. Reliance has developed specific
matrices, which help to determine the skills/ability/knowledge required to do
the present job, to do the present job better, and to prepare for the next
job.Every employee identifies his training needs (based on gaps identified
through matrices) with the help of his superior. These needs are then
addressed by imparting the appropriate training to the employee.

Performance appraisal and reward system

Reliance's appraisal and reward system is aimed at increasing employee

involvement in the goals and objectives of the organisation, and encouraging
individuals to go beyond their scope of work, undertake voluntary projects
that enable them to learn, and contribute innovative ideas in meeting the
targets of the company. Reliance places great emphasis on soft, conceptual
and cross-functional skills, especially at managerial levels. Employee
commitment to areas like Human Resource Development, Industrial
Relations, Health, Safety and Environment, and Quality and Documentation
is given high importance.

HRMS

In the year 2000, Human Resources Management System (HRMS) was

implemented to support the task of Human Resource and Personnel
Administration. This system, designed and developed in-house, is an
efficient, online, user-friendly system, which provides an effective interface
between HR and its employees spread over diverse locations.The system is
built around a central comprehensive database of all employees which is
linked to the attendance system, payroll system and administrative system
(housing, transport and travel), and which assists the HR department in
carrying out recruitment, performance appraisal, transfer/deputation,
separation and final settlement of employees.

SAP - HR

"The Reliance group is on the move to e-enable all HR functions and the
employee interface. We are in the process of adopting state-of-the art ERP
software - SAP, across all locations and businesses. While Payroll for over
14,000 employees has already been streamlined through SAP into a uniform
set of standardised fucntionalities, the Group HR is reorganising its world
class procedures on the concept of "Shared Services," based on the
capabilities and the best practices embedded in SAP.

As a service to the most valuable assets, i.e. the employees, the Group HR is
upgrading its extensive web-enabled services into an internet enabled
empolyee portal which will enable employees from across the country to
interact with HR & Payroll for any requirement, i.e. applying for and
sanctioning leave, information on policies and procedures, entering expense
claims, updating their own databases, etc."

Induction

The Human Resources Department structures an appropriate induction

programme to orient the new employees to various businesses and services
at Reliance.

The new employee interacts with people at various levels and functions to
get an insight into the organisation. The induction programme helps the
employee to integrate in the new environment and provide an overview of
the Organisation as a whole. It also provides an opportunity to the new
entrant to engrain the original values and ethics as well as the style of
functioning.

Work Environment

At Reliance our passion is to improve daily living and to achieve that we

create a workplace where every person can reach their full potential. As a
leading global company we offer opportunities worldwide. And our work
environment gives employees the freedom to explore and make the most of
them.

It's Reliance's intention to create an environment where people can use all of
their capabilities in support of the business. Therefore, we encourage our
employees to balance their work and personal responsibilities. How ? read
on...
 • A high Performance organization

• Care & concern for people

• An organization where people are empowered to perform and be

accountable for results.

• A value driven company which embraces simplicity, humility and

Austerity.

• An environment where people “Dare to dream”

• Speed, Quality, Technology and Innovation is a way of life

• Respect for development of Employees through self help and

guidance to foster common purpose and cohesion.

• Nurturing a learning organization is our bridge to continued success.

• The corner stones of our corporate ethos lies in our commitment to

stake holder, customers, employees and vendors.

Motivation

Growth is care for our people

At Reliance, we stress on quality of life. We are building with care, a

workplace that proactively fosters professional as well as personal growth.
There is freedom to explore and learn; and there are opportunities that
inspire initiative and intrinsic motivation. We believe that people must
dream to achieve, that these dreams will drive the company's excellence in
all its businesses. Reliance thinks, behaves, lives and thrives with a global
mindset, encouraging every employee to reach his / her full potential by
availing opportunities that arise across the group.

• With presence in 36 countries, Reliance offers global opportunities.

• With steady organic growth and consolidation of businesses, Reliance

offers possibilities for cross-organisation, crossdiscipline and cross-
 country career opportunities. We now have 12,113 employees with an
average age of 37 years. Programmes for training and capacity
building are given prime importance. This endeavour targets the
technical and professional growth of our people.

• Reliance is associated with the Indian Institute of Management (IIM),

Bangalore and the Indian Institute of Technology (IIT), Bombay. We
have sponsored the participation of over 250 engineers in a
customised Management course - MPRE (Management
Program for Reliance Engineers) at IIM-Bangalore.

• We sponsored 91 science graduates and diploma holders to complete a

Reliance Certified Engineering course with IIT-Bombay.

• Reliance conducted over 160,000 man-hours of training and 1,448

training programmes, covering 7919 employees. The Company also
supported development of all other employees with a highly scientific
Key Result Area (KRA) based Performance Management System and
Career Mapping exercises.

• Reliance has embarked on developing a performance linked incentive

scheme for all its employees with the assistance of reputed
international consultants.

• The company also started a 'Manufacturing Leadership Programme'

for its Senior Executives from Manufacturing, in association with
Hewitt Associates

Words such as these keep the spirit of the employees high.

"Growth has no limit at Reliance. I keep revising my vision.

Only when you dream it you can do it."

Think big, think fast, think ahead. Ideas are no one's monopoly"
 •

"Our dreams have to be bigger. Our ambitions higher. Our commitment

deeper. And our efforts greater. This is my dream for Reliance and for
India."

"You do not require an invitation to make profits."

"If you work with determination and with perfection, success will follow."

"Pursue your goals even in the face of difficulties,

and convert adversities into opportunities."

"Give the youth a proper environment. Motivate them.

Extend them the support they need. Each one of them has
infinite source of energy. They will deliver."

"Between my past, the present and the future, there is one common factor:
Relationship and Trust. This is the foundation of our growth"

"We bet on people."

"Meeting the deadlines is not good enough,

beating the deadlines is my expectation."

"Don't give up, courage is my conviction."