Tractor Major TAFE to invest 160 crore in Madurai for expansion

Tractor Major to Invest Rs.160 Crore in Expansion

Chennai, Apr 3 (IANS): In order to continue its harvest of bumper sales at a time when the industry is logging negative growth, city based tractor major Rs.8,021 crore turnover Tractor and Farm Equipment Ltd (TAFE) will set up a new 60,000 units per annum plant in Madurai, said a top official. Chairman and CEO Mallika Srinivasan told reporters here Tuesday: "We will be investing a new plant with an annual capacity of 60,000 units in Madurai. All our plants are operating at full capacity and we expect demand for our products to outpace industry growth." "Overall the company will be investing Rs.160 crore in expansion. The new plant in Madurai involves an outlay of Rs.100 crore. The company will also set up an agricultural implements plant at an outlay of Rs.30 crore. Another Rs.30 crore will be spent on carrying out value addition at our Turkish plant," R.C.Banka, president added. According to him the company has a total capacity of around 180,000 units per annum (600 units per day) and fresh capacity at Madurai is needed to meet the projected increase in demand. Post expansion TAFE's total annual capacity will be 250,000 units. Officials told IANS by production improvement measures the per day capacity will be increased to 700 units per day by the end of this year apart from the new Madurai plant. Last fiscal TAFE world's third largest tractor manufacturer increased its capacity by some internal adjustments and sold 148,112 units (brands TAFE, Massey Fergusson (MF) and Eicher) including exports of 20,396 units. She said the company ships out its tractors to 73 countries and its export revenue is around Rs.1,200 crore. Looking back at the fiscal that went by, Srinivasan said: "The first half of the year the industry grew by around 19 percent and we grew at 26.9 percent. From November onwards industry showed downward trend while TAFE continued its growth rate." "Nearly 68 percent of our sales come from products that had been launched during the last three years. We expanded Eicher range of tractors. It was known as small horse power (hp) player and now it has tractors up to 50 hp." According to her, TAFE will be launching a new 55 hp model this month. Srinivasan said she is cautiously optimistic about the tractor industry's fortunes, and added: "The short term outlook is caution while the medium-long term outlook is optimistic. As far as TAFE is concerned we are bullish about its prospects." "Going ahead we will be into soil preparation, harvesting and post harvesting agricultural implements segment," she said. Queried about harmonization of components between its three brand models - TAFE, Massey Ferguson (MF) and Eicher - to cut costs, Srinivasan said each model has its own USP and that cannot be compromised to achieve advantages of common components. On the company's Turkish plant she said: "Last year we sold 4,000 units and this year we plan to double that number." According to her, the company is also participating in development of Centurion family of tractors (50-125 hp) along with AGCO Corporation. "We will make the tractors in India and ship them out during the second calendar quarter of 2013," she said.

Tata Coffee to expand operations in Madurai for delivering to Starbucks - Seattle Based Coffee Tea Company

Tata Coffee, which makes and exports instant coffee and plantation coffee, plans to invest $10 million to increase its instant coffee capacity by 2,000 tonnes from the 6,500 tonnes, Kumar told Reuters.

"We will be adding capacity at our existing plant near Madurai... It should be operational by the third quarter of the next financial year," he said. Madurai is in the southern India state of Tamil Nadu, near where they also have plantations.

The two companies had planned to open the first Starbucks outlet in India by mid-2011, but the plan was delayed on account of difficulties in acquiring real estate, Tata Coffee Chairman R.K. Krishnakumar had told Reuters in August.

MakeMyTrip.com launches retail shop in Madurai

In an aim to make services easily available and accessible in tier II/III towns and to offer quality services and innovative products, MakeMyTrip.com has launched a store in KK Nagar Madurai.

The company is looking at aggressively expanding their retail operations with company-owned and franchised stores.

The store would offer products and services as domestic and international air, hotels and holiday packages.

Aruna Alloy Steels Madurai is stable: Fitch Rating - Reuters

Fitch Ratings has affirmed India-based Aruna Alloy Steels Private Ltd's (Aruna) National Long-Term Rating at 'Fitch BB+(ind)'.

Incorporated in 1961, Aruna is a Madurai-based steel and alloy castings manufacturer. It owns three manufacturing facilities in Madurai with a total capacity of 10,800 metric tones per annum. The company operates three windmills with a combined capacity of 2.6MW. In FY11, the company reported an operating income of INR701.7m (FY10: INR564.9m), an operating EBITDA of INR124.2m (INR87.3m) and total debt outstanding of INR236.1m (INR198m).

Aruna's facilities have been affirmed as follows:

- INR90m fund-based working capital limits: 'Fitch BB+(ind)/Fitch A4+(ind)'

- INR1m non-fund based working capital limits: 'Fitch A4+(ind)'

- INR13.9m long-term loans: 'Fitch BB+(ind)'

Aruna Alloy Steels Pvt.Ltd

Melur Road,
Olaganeri Village,
Uthangudi Post,
Madurai-625 107
Tel: 91-452-2433324(5 Lines)
Fax: 91-452-2422580
Email : aruna@arunasteel.com

http://www.arunasteel.com

MM Forgings Auto components Company invests more into Madurai, Trichy and Chennai

Auto components company MM Forgings plans to invest Rs 65 crore this year on capacity building at its manufacturing plants and wind farm.

About Rs 40 crore will go into expanding capacity and debottlenecking at its forging plants in Chennai, Tiruchi and Madurai. Last year, the total production across the three plants was around 28,000 tonnes. This year, it is expected to hit 30,000 tonnes, said Mr Vidyashankar Krishnan, Managing Director.

Source: The Business Line.

How to beat competition in your business? - madurai entrepreneurship and business wisdom

How to tackle and beat your competition in your business?

Next big challenge, after profits and HR issues, comes the Competition challenge for the entrepreneur in his/her business. Here are the ways to tackle those challenges!

1) Reduce the price of service - Give it for FREE, in some cases
2) Provide extensive advertisements
3) Use Technology - to reach wide audience
4) Best People and Process
5) Different channels for reaching different segments
6) Be a specialist in the segment and help in all angles - Customers Like To Buy From A Specialist
7) Contact the consumers and customers to see if you can help them more. More Customer Service will help give good impression for the company. Solve their problem
8) Be Creative
9) Giving Something Extra in the services - USP and additional services
10) Do what you say!

Madurai IT Park - Less Occupancy Solution - More companies to come forward - Relaxing the terms by Government will help

The CII (Confederation of Indian Industry) Madurai Chapter has urged the government to relax the terms and conditions for occupancy in Madurai IT Park Ilandaikulam and other locations.

The Tamil Nadu State IT minister R B Udhayakumar that the IT parks set up during the past DMK regime was unfit for occupation by IT companies. Last month, Udhayakumar, who inspected the IT park at Madurai said that the facility was not even fit to be a "children's park." - According to press report.

Ashok, chairman, CII, southern region said that it was not so. "The norms and guidelines for entry of IT companies need to be relaxed to facilitate even small firms to set up their units in the IT parks,".

Many companies are ready to occupy, if the norms are relaxed a little bit. Also a some of the important companies in Madurai suggested to share office spaces, and have mutual agreements, if Government allows to do so, since there are more tiny, small and medium sized Software companies in Madurai.

Local Madurai companies has to be helped in setting up offices in Madurai IT Park first, and then give chance to MNC companies in Madurai. That will help lot of economy in Madurai to start with.

IBM to invest in Madurai, Tiruchi, Jamshedpur, Raipur, Surat and Guwahati by 2013

IBM, the global technology giant has decided to invest an amount of Rs, 2,500 crores, around $500 million for its geographic expansion initiative in India, according to a report by CNBC-TV18.

The technology major is already present in around 22 cities in India and now they are planning to expand the number by a further 25 more cities by 2013. The company would probably divide the investment in two phases. For the first phase, IBM would invest Rs 1,100 crores while the rest of the investment would come later.

Recently, the company has opened a branch office in Coimbatore. By expanding a branch in Coimbatore, the company aims to bring all its services and products including hardware, software, and other services to the city.

"Some of the cities that IBM would be expanding to in the next two years would include Madurai, Tiruchi, Jamshedpur,Raipur, Surat, and Guwahati," said Mehrotra in a media statement.

Indian Research Lab in Theni West Bodi Hills Madurai Find Dark Matter underground Neutrino Observatory Lab

Indian physicists have decided to offer a proposed underground laboratory in southern India to an international science consortium looking for dark matter, an invisible form of matter that represents one of cosmology’s biggest mysteries.

The proposed India-based Neutrino Observatory (INO) is expected to be built 1.2km beneath the Bodi West hills, about 110km from Madurai, by 2015. It will be pitched as a potential site for the search for dark matter, the INO’s programme management committee has decided.

From Calcutta (Kolkata) and New Delhi.

Apptivo fundraising apps for SMEs and 50 other applications - a Madurai company

US-based Apptivo, which claims to be the world’s first software-as-a-service (SaaS) platform that manages all aspects of a small business, says its new fundraising application can tackle such woes of start-ups and SMEs. The company has its development centres in Madurai and Chennai.

Apptivo currently has 50 productivity apps for SMEs like project management, invoicing, timesheets, CRM and other necessities to run their business. They function as individual web applications on the Apptivo platform but are also integrated with each other for easy accessibility.

“The new fundraising app can record ‘soon-to-be’ entrepreneurs’ or existing SMEs’ investment leads to prospective angels or VC investors, their interest levels and how much they are willing to invest. It is almost like an investor’s relationship management tool and can record only documents right now,” says Apptivo founder and CEO Bastin Gerald.

Besides, he added, an audio/video presentation can be created and sent across to VCs. Using this proposed platform, VCs can give their comments and can put in money also, all done online and in real time. “We should be launching this new fundraising collaboration hub in India in the next six to nine months,” Gerald said, adding that plans are afoot to file for patents for the fundraising collaboration hub.

Micro, Small and Medium Enterprises can avail Loan of 3% Interest

Micro, Small and Medium Enterprises taking loans for modernisation programmes can now avail of a back-ended interest subsidy scheme at the rate of 3 per cent.

Under the scheme, Rs 10 lakh will be given for each enterprise.

It said micro and small enterprises that had availed term loans are eligible too.

New enterprises that had established facilities or existing MSMEs that upgraded existing plants with modern technology and induction of improved technologies are also eligible.

Tata Coffee plant in Madurai Theni talks with Starbucks for supply

Tata Coffee's Instant Coffee Division is India's first export-oriented soluble coffee manufacturer. The company has three 100 per cent export oriented (EOU) instant coffee manufacturing units with an installed capacity of 7600 mt per annum, producing spray dried, agglomerated and freeze dried instant coffee. One unit is located at Toopran in Hyderabad and the other two are at Theni, Madurai. The Toopran unit is an ISO- 9001: 2000 certified factory. This factory was initially set up with Brazilian technology to produce spray dried instant coffee. The aroma add-back system was introduced in 1997 and in 2001, the agglomerated plant was set up with technology from Denmark. The Theni units near Madurai in Tamil Nadu state is certified with ISO 2200-2005 meeting HACCP requirements. In its quest to be competitive in the area of soluble coffee, the company is in the process of setting up an instant coffee unit in Uganda as a part of its strategic initiative Factory addresses: Theni Tata Coffee Limited S F NO 906, Vaigai dam Periyakulam Road, Jayamangalam Village, Periyakulam (TQ) Theni – 625 603 Tel: (04546) 237476 Fax: (04546) 237096 Email id: icdtheni@tatacoffee.com Toopran Tata Coffee Limited Brahmanpally Village, Toopran Mandal, Medak (D) – 502 334 Tel: (08454) 235128 Fax: (08454) 236480 Email id: icdf@tatacoffee.com Tata Coffee is at an advanced stage of discussion with the Starbucks management to start manufacturing coffee for their retail sales. This basically means all coffee meant for retail sales by Starbucks will be produced and packaged by us. The official at Tata Coffee said - We are building capacity at the Madurai plant which will see capacity addition of 2,000 tonne very soon. The overall capex required for this will be to the tune of Rs50 crore.

Sagana Enterprises Private Limited, Madurai, Chennai, Trichy and Coimbatore - Press Release

Sagana Enterprises Private Limited

Sana Consultants grows and upgrades itself to a Private Limited Company by 08/08/2011.

Please see the website Sagana.in for more details.

Mission

SAGANA ENTERPRISES, will act as one entity representing a group of companies to work as a bridge between two parties in various fields and perform service business for the benefit of customers/consumers and providers, using our human resources and technology strength..

Best Customer Service with Tele Marketers, Marketing Executives, Customer Service Representative, Investment Advisers, Customer Oriented Managers and a sophisticated online infrastructure.

SAGANA ENTEPRISES is a team of dynamic and dedicated professionals, who possess an inimitable flair for accomplishment in the field of consultancy services for Real Estate, Jobs, Marketing, Cars, Software etc., for our customers. With modern Infrastructure and efficient team, we deliver our outputs within the stipulated time, which has been a main factor for our success so far.

Services

# Sana Property Services
# Sana Placement Services
# Sana Antiques
# Sana Tourism
# iMadurai Magazine
# Sana Personality
# Maayaa Marketing Services
# Sana Cars
# Sana Matrimony
# Sana Angels
# Customer Satisfied Technologies a Software SSI
# New Madurai Foundation a non-profit organization

Sagana Enterprises has offices in Madurai, Chennai, Trichy. In couple of months a Coimbatore office to be opened.

For enquiries, please contact saganaenterprises@gmail.com
or call +91-9629557866 (within India) or 1-925-218-2287(from USA)

TVS Logistics acquires U.S. company MESCO - Madurai reaches out to Michigan - isn't it cool?

The Madurai-based TVS Logistics Services has acquired U.S.-based Manufacturers Equipment and Supply Company (Mesco) to consolidate its holdings in TVS America, a top company official said Tuesday.

"We have acquired the $30 million revenue MESCO based in Michigan and 51 percent stakes of Global Rush, U.S. in TVS America at an outlay of around 50 crore. We have formed a holding company in the U.S. - TVS Logistics America - to house our investments in the U.S.," Managing Director R. Dinesh told reporters.

TVS spots Madurai in the world map very easily!! Great job sir!
This is however a late news (Jan 2011), but I want to bring to the audience anyway!!

Web design Company in Madurai who can help with our projects

We are looking for a Web design Company in Madurai who can help with our projects.

We have lot of needs for Web design, development and maintenance. Lot of web infrastructure to be built for ourselves and also for many of our customers every day.

If you are a company, who can work closely with us in Madurai, please contact us.

Email your website link to customersatisfied@gmail.com or call me at +91-9629557866.
If possible, I shall attend your call. Most preferred is email or SMS your web URL.

We are looking for a CHEAP AND BEST Web design, Development and web based products, web based solutions option.

Thank you

Zicom Security Systems looking at Tier II and Tier III cities like Madurai Coimbatore Trichy Salem Erode etc.,

Zicom Electronic Security Systems has started looking beyond metros to improve its turnover. The company plans to expand its channel strength by about 40 per cent to reach out to small and medium businesses and consumers in tier II and III cities this year.

“We started the exercise in Tamil Nadu last month and have covered Salem, Tiruchirappalli, Madurai and Coimbatore through road shows and partner/consumer education programmes.

We can start purchasing these security systems for Madurai Meenakshi Amman Temple, Srirangam temple, so that there would be more security.

Employee Retention and Attritition is a problem among Madurai employers/companies

It is not like those days, where Eastern countries in the world has a policy of staying with the company for life long or at least in a stretch around 5 to 10 years with the same company. In some cases, it is considered dangerous and complex if someone stays in the same company for around 5 years. People see it odd.

In western countries, we have the formula of hire and fire from employer or vice versa by the employees as well. But, the same thing is happening with the eastern countries also these days, considering the number of opportunities lying before them.

These days our country (India) and our cities has become like that. Employers are having tough time retaining their employees. When it comes to small companies with one person handling one whole department or too much responsibility has the companies suffer a lot when an important human resource gets relieved for some reason or mostly for better opportunities.

I have talked to various companies in Madurai and their employers small and medium and they have the same concern that employee retention has become a problem.

One of the mitigation actions by the employers would be

1) to have a tie up with a placement consultancy locally and have them replaced soon. (Sponsored by Sana Placement Services 9629559591 or sanaconsultantsin@gmail.com)

2) motivate the employees and keep them as partners or long-term employees, so that they stick to the company for long.

3) give perks and allowances to the employees periodically. Give small small stuff for their motivation.

4) give bonus periodically; propose salaries with variable bonuses separated from the salaries.

5) have constant fun meets with good food and if needed parties to entertain.

6) take care of them when they are not well.

7) Prompt payments on first of the month helps a lot to keep the employees with the company.

Good Luck Madurai Employers!!

Top Software Companies List in Madurai

Top Software Companies in Madurai in alphabetical order...

Ace Labs,
Alphanet,
Amazeglobal,
Aravindh Systems,
BCNS,
CA Infotech,
Chella Software,
Customer Satisfied Technologies,
Dot Com Infotech,
Elysium,
Esoft,
Galaxy School,
Galaxy Web,
Geethik,
Honeywell,
Icand,
Igrandee,
IJessi,
Invictus,
Mindssoft,
Native sparraw,
NBase IT Solusenz,
Oyyar,
Pandiyan Systems,
Rajagiri Info,
Ramar Tech,
RTLX,
Saravana Infotech,
Solartis,
Suriya,
Unique,
Vaigai Agency,
VBN Infotech,
Vexmon,
Waveplus,
Winways,
Xypnoss,
Zappys,
Zealsoft,
Zeaxis

Another list of Madurai IT companies

* Software Technology Parks of India
* R.L. Information Technology Pvt. Ltd.
* Pravee BPO Solutions
* Customer Satisfied Technologies
* Lastech Systems Pvt. Ltd
* Kumaran HI Limited
* Hindustan Software Ltd
* GNU/Linux User Group (GLUG)
* Egate India
* Easywin IT Solutions
* Dot Com Infoway Ltd
* Chella Software Pvt. Ltd
* Aarvee Information Systems Ltd
* Aparajitha Corporate Services Private Limited
* Alawaye Technologies
* Honeywell

Professionalism to any business - Madurai Business, Entrepreneurship, Madurai Business Ideas

You might think there is not much scope for business in Madurai for engineering and IT youths. But, that is completely untrue. Madurai, Trichy, Coimbatore and other cities in Tamil Nadu has lot of potential for business.

In most of the cases, the existing businesses are not run in a professional manner. The businesses currently in Tamil nadu and the way businesses are done are not having customer service in mind, in most of the cases.

Hence, there is lot of scope for just doing the existing businesses. If we get into these existing businesses with good customer service, professional approach to the business, set up all the human resources with good hard working ability and customer service approach, set up all the processes to run by its own with the human resources, research and understand the market perfectly and use your understanding effectively - then definitely there is lot of scope to do many things.

You will be in the roads of many past business men who settled in Madurai or came to Madurai and did business and were and are successful even today in Business.

Some of the big business men are - TVS Sundaram Iyengar, Thiagarajan Chettiar, and many English men who started Madura Coats, Alagendran etc., Be in their lines and I am sure you can reach there in their path. Madurai is a great place to do any business.