STHIRA SOLNS PVT LTD ,BANGALORE

7/30/2019 STHIRA SOLNS PVT LTD ,BANGALORE

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A STUDY ON THE PRESENT INFRASTRUCTURE

& FACILITIES OF STHIRA IT SOLUTIONS PVT LTD(BANGALORE)

INTRODUCTION ABOUT THE SUMMER INTENSHIP PROJECT:

Summer Training is a part in the Post-Graduation Level. To learn about the

functions of the industry through practical experience. During the training programme we

have learnt about the functions of the company and also the practical knowledge about the

company workings.

INTRODUCTION

The description of the mark registered is "Scientific and technological services and research

and design relating thereto, industrial analysis and research services, design and development

of computer hardware and software." It comes under Class 42 Trademark classification.

About the Company Sthira IT Solutions Pvt Ltd is an India-based company. The company is

engaged in software development. Its range of services include ERP readiness/assessment

services, ERP vendor evaluation services, domain specific custom-made consulting services,

etc.

2013 Athena Information Solutions Pvt. Ltd., distributed by Contify Provided by

Syndigate.info an Albawaba.com company

Sthira is a confluence of young minds with a passion to deliver an innovative business

solution to the customers. Our endeavor is to develop and integrate a technology solution

which addresses the core activities of each of the functions without reinventing the wheel !We have successfully designed, developed and implemented complex solutions while taking

the end-user comfort in deploying the same. Thechange-managementexpertise is one of

the key successful attributes in our deployment experience.

Holistic approach, Quality adherence and cost effective solutions have been the building

blocks of our organization. We have elicited ethical and professional relationship with our

clients.
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Registered Off ice:

STHIRA IT SOLUTIONS PRIVATE

LIMITED#30, 17th Main Road,B.S.K. 1st Stage, 2nd Block,Bangalore560 050.

Phone: +91 80 26679697Email:[email protected]

MISSION

To provide a simple, stable and scalable business solution to enterprise, with:

o Consultative Approach.

o Reliable Customer Support.

o Best of Technology

Our Values

Put the clients interest ahead of our own

o We deliver more value than expected. It doesnt mean doing whatever the client asks.

Uphold Professionalism

o Maintain absolute integrity and commitment.

Handle client information with top most confidentiality

o We dont reveal sensitive information, and dont promote our own good work. We focus on

making our client successful.

Independence from Software Vendors

o Independence in selection and negotiation of the vendor, ensures mitigating risk and

optimizing business benefits
mailto:[email protected]:[email protected]:[email protected]:[email protected]


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Tell the truth as we see it

o We stay independent. We get to real issues, and reach practical recommendations.

Industry Profile:

Information technology (IT)

Information technology (IT) industry in India has played a key role in putting India on the

global map. IT industry in India has been one of the most significant growth contributors for

the Indian economy. The industry has played a significant role in transforming Indias image

from a slow moving bureaucratic economy to a land of innovative entrepreneurs and a global

player in providing world class technology solutions and business services. The industry has

helped India transform from a rural and agriculture based economy to a knowledge based

economy.Information Technology has made possible information access at gigabit speeds. It

has made tremendous impact on the lives of millions of people who are poor, marginalized

and living in rural and far flung topographies. Internet has made revolutionary changes with

possibilities of e-government measures like e-health, e-education, e-agriculture, etc. Today,

whether its filing Income Tax returns or applying for passports online or railway e-ticketing,

it just need few clicks of the mouse. Indias IT potential is on a steady march towards globalcompetitiveness, improving defense capabilities and meeting up energy and environmental

challenges amongst others.

IT-ITeS sector in India, with the main focus on increasing technology adoption, and

developing new delivery platforms, has aggregated revenues of USD 88.1 billion in FY2011,

while generating direct employment for over 2.5 million people. Out of 88.1 billion, export

revenues (includingHardware) has reached USD 59.4 billion in FY2011 while domestic

revenues (including Hardware) of about USD 28.8 billion.

Government Initiatives:

After the economic reforms of 1991-92, major fiscal incentives provided by the Government

of India and the State Governments, like, liberalization of external trade, elimination of duties

on imports of information technology products, relaxation of controls on both inward and

outward investments and foreign exchange, setting up of Export Oriented Units (EOU),

Software Technology Parks (STP), and Special Economic Zones (SEZ), has enabled India to

flourish and acquire a dominant position in worlds IT scenario.


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In order to alleviate and to promote Indian IT industry, the Government of India had set up a

National Task Force on IT and Software Development to examine the feasibility of

strengthening the industry. Venture capital has been the main source of finance for software

industry around the world.

In line with the international practices, norms for the operations of venture capital funds have

also been liberalized to boost the industry.The Government of India is also actively providing

fiscal incentives and liberalizing norms for FDI and raising capital abroad.

Financial Assistance While the underlying theme of 2010 was that of steady recovery from

recession, thanks to the accelerated recovery in emerging markets, worldwide spending in IT

products and services increased significantly in 2011. In 2011, Indias growth has reflected

new demand for IT goods and services, with a major surge in the use of private and public

cloud and mobile computing on a variety of devices and through a range of new software

applications.High inflow of FDI in the IT sector is expected to continue in coming years. The

inflow of huge volumes of FDI in the IT industry of India has not only boosted the industry

but the entire Indian economy in recent years. Foreign direct investment (FDI) inflow rose by

more than 100 per cent to US$ 4.66 billion in May 2011, up from US$ 2.21 billion a year

ago, according to the latest data released by the Department of Industrial Policy and

Promotion (DIPP). This is the highest monthly inflow in 39 months.

Foreign technology induction is also encouraged both through FDI and through foreign

technology collaboration agreements.

India welcomes investors in Information Technology

sector. Greater transparency in policies and procedures has made India an investor friendly

platform. A foreign company can hold equity in Indian companys upto 100%.

Research & Development:

To support Research & development in the country and promoting Start ups focussed on

technology and innovation, a weighted deduction of 150% of expenditure incurred on in-

house R&D is introduced under the Income Tax Ac. In addition to the existing scheme for

funding various R&D projects have been funded through new scheme like Support

International Patent Protection in Electronics & IT (SIP-EIT), Multiplier Grants Scheme

(MGS). The government has initiated the setting up of an Open Technology Center through

NIC aimed at giving effective direction to the country on Open Technology in the areas of

Open Source Solutions, (OSS), Open Standard, Open Processes, Open Hardware


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specifications and Open Course-ware. This initiative will act as a National Knowledge

facility providing synergy to the overall components of Open Technology globally.

Regulations After the economic reforms of 1991-92, liberalization of external trade,

elimination of duties on imports of information technology products, relaxation of controls on

both inward and outward investments and foreign exchange and the fiscal measures taken by

the Government of India and the individual State Governments specifically for IT and ITES

have been major contributory factors for the sector to flourish in India and for the country to

be able to acquire a dominant position in offshore services in the world. The major fiscal

incentives provided by the Government of India have been for the Export Oriented Units

(EOU), Software Technology Parks (STP), and Special Economic Zones (SEZ).

Challenges Cyber security and quality management are few key areas of concern in todays

information age. To overcome such concerns in todays global IT scenario, an increasing

number of IT-BPO companies in India have gradually started to emphasize on quality to

adopt global standards such as ISO 9001 (for Quality Management) and ISO 27000 (for

Information Security). Today, centers based in India account for the largest number of quality

certifications achieved by any single country.India aims to transform India into a truly

developed and empowered society by 2020. However, to achieve this growth, the sector has

to continue to re-invent itself and strive for that extra mile, through new business models,

global delivery, partnerships and transformation. A collaborative effort from all stakeholders

will be needed to ensure future growth of Indias IT-ITeS sector. We will need to rise up to

the new challenges and put in dedicated efforts toward providing more and more of end-to-

end solutions to the clients to keep the momentum going.India is now one of the biggest IT

capitals in the modern world and has presence of all the major players in the world IT sector

. HCL, Wipro, Infosys and TCS are few of the household names of IT companies in India.

Future prospects

Globalization has had a profound impact in shaping the Indian Information Technology

industry. Over the years, verticals like manufacturing, telecom, insurance, banking, finance

and lately the retail, have been the growth drivers for this sector. But it is very fast getting

clear that the future growth of IT and IT enabled services will be fuelled by the verticals of

climate change, mobile applications,healthcare, energy efficiency and sustainable energy.

. By 2015, IT sector is expected to generate revenues of USD 130 billion (NASSCOM) which

will create a transformational impact on the overall economy. IT spending is expected to


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significantly increase in verticals like automotive and healthcare while the government, with

its focus on e-governance, will continue to be a major spender.

COMPANY PROFILE

Sthiras team consists of highly experienced professionals & Industry experts working on

each project with focus and dedication delivers perfect solution and committed results within

timeline.

Sthira also believes in collaborative expertise and have strategically tied up with many

Professionals, Companies in the various domainsStatutory; Legal; Technology.

Vishwas Sharma (Director)

Vishwas is the founder and Director of Sthira. He has an experience of over 15 years in the

field of Finance. He has worked in several organizations prior to setting up the Sthira IT

Solution. His understanding of Statutory and its compliances is highly acknowledged.

He has an exclusive experience in the field of ERP Implementation, has done full life cycle

implementations for various industries like IT Services, Manufacturing & Central Govt.

Institutions. From the Customer Need, Project initiation, Planning, Implementation with time-

lines and Training are his key strengths. He brings with him rich experience of strong domainknowledgeespecially in the Finance and its related sub-processes and very importantly ably

manages the techno-functional teams very effectively.

At Sthira he is responsible for the entire business line and its success.

Sesharaj G (Director)

He has an overall experience of more than 20 years in the field of Information Technology,

Business Process Development and Application implementation and deployment.

He brings with him an experience of implementing of full IT based solutions in a multi-

location, multi-product environment. He has experience in conceptualizing, designing and

implementing ERP solutions especially to Service industry with a background of

understanding of Computer Science. He has integrated the available technology, business

applications with customer needs in designing MIS systems for large organizations.

At Sthira he is responsible for technology innovations, business development and customer

satisfaction.


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BUSINESS CONSULTING

Today, the Consulting word is used for everything and anything. People start coding the

moment they hear the word ConsultingIt can go as primitive as Temporary Staffing,

Marketing Consulting, Share Market etc The most trusted definition as per Wikipedia, the

Consulting is providing advice in a particular area of expertise. This is not same as the

customer service.

Demonstrate profound analytical capabilitiesThe solution we propose is based on a

rigorous analysis, and is adapted to the dynamics of the clients organization.

Hence, with our teams collaborative expertise put together of more than 3 decades, we help

the customer to redefine / calibrate their business functions and processes backed up with a

technology platform to manage the same. We work hard with our customers to get the most

unarticulated thoughts and set the expectations clearly. We have worked in many Industry

verticals, Manufacturing, Trading, Autonomous / Government Funded Educational

Institutions, FMCG, ITES, BPO etc

Sthira provides organizationalchange managementassistance, technology implementation oroperational improvement services. We bring our expertise of proven methodologies /

frameworks to guide the identification of problems, and recommend effective ways of

performing business tasks.

As part of our consulting process, we also enable the Organizations in selecting the

Enterprise Application ProcessIt is proved in the Industry there is no product which suits

all and there is no one product which addresses all the processes! Using a proven model of

selection process, Sthira helps clients find the right software that best fits their budget, time-

frame, industry, technological infrastructure and operational needs.

Our engagement levels are with high intensity, with a deep-dive approach. We take few

assignments which justify our partnership.

We have strong understanding of the SME segment and our consulting approach here will

start with a strategic approach with an action plan to choose between the best possible
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options. We ensure to get an effective solution in terms of its domain functionality,

scalability, commercial outlay and a clear focus on its return on investment.

In summary, our key services under Business Consulting are as follows:

o ERP Readiness / Assessment Services

o ERP Vendor Evaluation Services

o ERP Implementation / Project Management (*)

o Benefit Realization - What the project intends to deliver to the customer/stakeholder upon

completion

o On-Site ERP Training

o Domain specific Custom-made Consulting Services (#)

(*) Here Change-Management is part of our deliverablesRefer for details in the change-

management section

(#) With our in-depth understanding in various domains such as Finance, HR & Payroll, Sales

& Marketing, CRM, Supply Chain and Manufacturing processes, we can also offer

consulting services in these domains with a custom-made service depending on the need andits priority in the organization. We follow a diagnostic study process to identify the core

issues / problem statement before recommending our services.

NICHE SOFTWARE APPLICATIONSFocused to key business

functions

Sthira have developed niche software applications to manage some of the key businessfunctions which are predominantly used in the Central Govt. and State Govt owned

Educational institutions and its subsidiaries. These tools are extremely easy to implement as

well its usage. The objectives of these applications are to address the need, compliances with

a considered investment.


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Integration with other ERP or main applications is also provisioned.

The relevant training to end-user is a given process and as a team we continuously work on

the product for its enhancementboth from functional perspective as well from technology

innovations and User Interfaces.

IMPORTANCE

All Organizations which operate on Grants (Restricted, Specific or General)

Education Institutions of Dept of Higher Education Research Intuitions Non-Government / Non-Profit OrganizationsNGOs / NPOs Private Trusts handling multiple fund / grants Turn Key Projects Autonomous Organizations - Science & Technology, Health & Family Welfare,

Animal Husbandry, Fisheries, Agricultural Sciences etc

TURNKEY PROJECTS

As the name suggests we become a one-stop-shop for the entire solutionIt initiates from

our Consulting engagement and gets into nuances of the business; identifies the relevant

technologyapplication and its hardware requirements; entire project deployment with a

clear hand-hold process till it goes live. The vendor selection process is also included in this

offering.

We extend the post-implementation support for effective deployment.


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DATE OF ESTABLISHMENT:

The sthira IT solutions was initially started Nov. 1, 2010 by Vishwas Sharma

and Sesharaj G.

Sthira IT Solutions Pvt Ltd is using the trademark STHIRA IT SOLUTIONS PVT LTD

SIMPLE. STABLE. SCALABLE (2350138) since Nov. 1, 2010.

Application for the trademark was filed on June 19, 2012.

The Trademark was published in Journal No. 1594 on June 24, 2013.

TYPE OF ORGANISATION

STHIRA IT solutions is a private company having its registered office at Bangalore.

OPERATION MANAGEMENT

SFACTS - STHIRAsFUND BASED ACCOUNTING &MANAGEMENT SOLUTION

SFACTS - STHIRAs FUND BASED ACCOUNTING & MANAGEMENT

SOLUTION

SFACTS - Fund Accounting software is a nonprofit (like Govt Funded Institutions, Public

Sector undertakings, NGOs etc.,) financial management solution used to plan and manage

budgets, maximize grants, Inventory, Fixed Assets, Balance Sheet, Income & Expenditure

and Utilization Certificate etc., and delivers accurate customized reports.

Built on fund based accounting concepts, this product addresses the specific nonprofit

financial management needs of organizations that need to track and report on multiple funds

across multiple budget periods and demonstrate accountability.
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COMPETITORS OF THE COMPANY

1. Ramco IT servises2. Microsoft dynamics3. SAP

MARKETING STRATEGIES

OUR METHODOLOGY

We perform each task and assignment successfully by:

o Adopting holistic approach for the problem/situation

o Bringing in-depth industry knowledge

o Offering cost effective solutions

o Delivering the committed results within stipulated time frame

o Extending relentless support to our clients

We share a structured problem-solving approach, where all opinions and options are

considered and analyzed carefully before recommendations are made.

Change Management

Change-ManagementTHE differentiator:

One of our key focuses and our DNA in implementing the solution is Change management

Simply put, widespread organizational change management is critical to any systemimplementation successand the changes it necessitatesaffects every aspect of an

organization. And since people tend to fear change, managing this change process is the most

important success criterion.


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In our experience, the following are the key issues that we touch base during the process of

Change Management, which are:

o Context Setting:

o Share the Overview of the Project to all stakeholders

o How it benefits their day-to-day operations

o How it helps in shaping the individual careers

o Train and Retrain:

o Today these trainings are more of a mandatory process The training in our view should

give the end-user clarity of its usage; its benefits and perhaps the preparations to do any

transactions.

o The objective is to remove the stated / unarticulated anxieties and avoiding resentment due

to change in the system and processes.

o To help focus, individual and team, activities to align to the business objective of the

organization

o Getting Commitment from Management:

o The C Level involvement in itstrue sense is an important step to accept this change by

the employees.

o Our focus is to get their buy-in from the day-one and ensuring the change happens at the

Top before it percolate down.


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SALES AND DISTRIBUTION STRUCTURE

LEVEL OF COMPUTERIZATION

The sthira it solutions has maximum level of computerization.

TYPES OF INFORMATION SYSTEMBasically an Information System handles the flow and maintenance of information that

supports a business or some other operation. It contains information about significant people,

places and things within the organization or in the environment surrounding it. Information

is derived from meaningful interpretation of data. Dataconsists of the raw facts representing

events occurring in the organization before they are organized into an understandable and

useful form for humans.

An I nf ormation Systemcan be defined technically as a set of interrelated components that

collect (or retrieve), process, store and distribute information to support decision making and

control in an organization.


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ANNUAL TURNOVER

The sthira it solutions is a startup company which has annual turnover of Rs.40,00,000 in the

year 2011 and Rs.80,00,000 in the year 2012.

The company pays the tax rate of 12.5%.

The annual growth rate percentage is 3.5% and profit after tax percentage is 2% .


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Balance sheet

(Rs lakhs)

Mar ' 13 Mar ' 12 Mar ' 11 Mar ' 10 Mar ' 09

Sources of funds

Owner's fundEquity share capital 30.30 30.30 15.15 15.15 15.15

Share application money - - - - -

Preference share capital - - - - -

Reserves & surplus 802.46 666.12 581.96 461.44 367.36

Loan funds

Secured loans - - - - -

Unsecured loans - - - - 34.49

Total 832.76 696.42 597.11 476.59 417.01

Uses of funds

Fixed assets

Gross block 400.17 351.89 170.99 169.26 159.82

Less : revaluation reserve - - - - -

Less : accumulated depreciation 114.22 94.53 75.72 76.26 77.76

Net block 285.95 257.36 95.27 93.00 82.06

Capital work-in-progress 83.31 33.39 107.55 27.25 14.87

Investments 93.52 159.76 234.35 203.50 128.06

Net current assets

Current assets, loans & advances 734.04 642.21 475.34 611.22 663.40

Less : current liabilities & provisions 364.05 396.29 315.40 458.38 471.38

Total net current assets 369.99 245.92 159.94 152.84 192.02

Miscellaneous expenses not written - - - - -

Total 832.76 696.42 597.11 476.59 417.01

Notes:

Book value of unquoted investments 93.52 159.76 234.35 203.50 128.06

Market value of quoted investments - - - - -

Contingent liabilities 175.16 233.88 138.59 131.45 37.83

Number of equity sharesoutstanding (Lacs) 303.00 303.00 151.50 151.50 151.50


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COSTING METHOD

Process costing is an accounting methodology that traces and accumulatesdirect costs,

and allocatesindirect costsof a manufacturing process. Costs are assigned to products,

usually in a large batch, which might include an entire month's production. Eventually, costs

have to be allocated to individual units of product. It assigns average costs to each unit, and is

the opposite extreme ofJob costingwhich attempts to measure individual costs of production

of each unit. Process costing is usually a significant chapter. it is a method of assigning costs

to units of production in companies producing large quantities of homogeneous products.

PRICING METHOD

Customer-based pricing, also known as value-based pricing, is a system where the price

is based on the customer demand or need for the product. If the product is unique or

innovative, a value-based price may help create a demand for the product or service.

use price to support product image set price to increase product sales design a price range to attract many consumer groups set price to increase volume sales price a bundle of products to reduce inventory or to excite customers

Disadvantages of customer-based pricing

Before you implement a customer-based pricing method, note the following disadvantages. If

you are too focused on the customer, you may:

ignore production costs forget about the competition

CUSTOMERS

Nimhans (Bangalore). University of Hyderabad. IISC Bangalore. Gears and phenaions IT company. All financial Government Institutions.
http://en.wikipedia.org/wiki/Direct_costhttp://en.wikipedia.org/wiki/Direct_costhttp://en.wikipedia.org/wiki/Direct_costhttp://en.wikipedia.org/wiki/Indirect_costhttp://en.wikipedia.org/wiki/Indirect_costhttp://en.wikipedia.org/wiki/Indirect_costhttp://en.wikipedia.org/wiki/Job_costinghttp://en.wikipedia.org/wiki/Job_costinghttp://en.wikipedia.org/wiki/Job_costinghttp://en.wikipedia.org/wiki/Job_costinghttp://en.wikipedia.org/wiki/Indirect_costhttp://en.wikipedia.org/wiki/Direct_cost


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ORGANIZATION STRUCTURE

.


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AVERAGE AGE OF EMPLOYEES

Sthira IT solutions has a qualified and experienced managerial and technical personnel

with total staff strength of 30 permanent employees as on 2010 of which an Technical head,

an Lead analyst, an Finance manager, an Human resource manager, an Marketing manager, 5

Associate software developers, 5 Senior software Engineers, 5 Software developers, 4

Trainees 4 Tester and 2 Workers.

The average age of employees are about 25-35, Who have completed their post graduation

and Bachelor of engineering and have their experience about 2-3 years.

TRAINING FOR EMPLOYEES

Training meas importing Skills and knowledge .Development means the result

which we are getting from training. There are 2 types training are

On job training Off job training

TRAINING GIVEN FOR MANAGEMENT PEOPLE

Total Productive Maintenance Production Planning And Controls

TRAINING GIVEN FOR EXECUTIVES

Stress Management Total Quality Management

TRAINING GIVEN FOR STAFFS Team Building


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Waste Minimization

TRAINING GIVEN FOR WORKERS

First Aid Work Process

TRAINING PROCEDURES

Feedback Procedures Training Register Training Record Performance Appraisal Merit Rate Form

The training budget of the company is Rs.50,000 per year.

HR POLICY

Small business owners should make sure that they address the following basic human

resource issues when putting together their personnel policies:

Equal Employment Opportunity policies Employee classifications Workdays, paydays, and pay advances Overtime compensation Meal periods and break periods

Payroll deductions Vacation policies Holidays Sick days and personal leave (for bereavement, jury duty, voting, etc.) Performance evaluations and salary increases Performance improvement Termination policies


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TYPES OF DEPARTMENT IN THE COMPANY

Finance department Marketing department Personnal department

FINANCE DEPARTMENT

Finance is much more important to run a company. So, finance is the life blood of the

company and its business. Financial management is concerned with planning, directing and

controlling of all activities relating to the procurement and utilization of the financial

resources. In this concern, accounts department is headed by Client manager (accounts) under

the direct control of Senior General Manager. The major activities are record keeping,

borrowings, budgeting, management of funds, reporting etc. The accounts department is

equipped with computerized system to ensure the management in prompt decision making.

PERSONNEL DEPARTMENT

Personnel department is wholly concerned with the people for work and people at

work. The personnel department of Burn Std co ltd does the provided work of governing the

human aspects of the company. The company has a professional and benevolent outlooktowards its energetic well-disciplined employees key positions coupled with qualified and

experienced hands .The personnel department performs important functions such as

requirement, training wages and bonus settlement, provision of welfare, safety and social

security measures etc.

MARKETING DEPARTMENT


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The marketing department of this company is functioning under the head of manager (sale).

The objectives of the marketing department are supplying product and services to the

maximum satisfaction of the buyers. Mostly the product produced by the organization are

sold only in direct sales, no dealers, retailers, whole sale for distributing the goods of the

company.

The marketing activities of the company are:

Market only high quality products Follow latest system and methods to maintain consistent quality Keep unfailing delivery schedule Provide complete range of support services.

BUSINESS AWARDS

1. Letter of appreciation from Nimhans.2. Letter of appreciation from IISC.

QUALITY CERTIFICATION

Incentive Scheme of Reimbursement of Acquiring Quality Management System

(QMS) ISO 9000/ Environment Management System (EMS) ISO-14001 Certification

.

QUALITY POLICY OF THE COMPANY

Sthira IT solutions (Bangalore) is committed to win customer confidence by prompt supply

of quality through

Continuous system improvements and process monitoring Proper technology and personnel development.

THE IMPACT OF GLOBALISATION ON BUSINESS

Increased competition - this is caused by more foreign investment flowing tocountries, de-regulation which allows businesses to enter markets from which theyonce precluded.


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Greater awareness and reactions to customer needs - the consumer is now veryselective on such essentials as quality, service and price.

Economies of scale - by selling across many continents business can acquireeconomies of large-scale production. This makes them very competitive.

Location flexibility - many modern production techniques and service provisions canbe allocated almost anywhere. This allows to them gain the advantages of low cost

labour and other resource charges.

Increased mergers and joint ventures - allowing access to bigger markets andassociated cost advantages.

RECRUITMENT METHOD

Selecting the best workforce from the labor market by using the recruitment options

likewise they had following 3 types of sources.

EMPLOYMENT EXCHANGE (Government) ADVERTISEMENT ( Notification) DEPUTATION(Internal Sources)

A general recruitment process is as follows:

Identifying the vacancy:

The recruitment process begins with the human resource department receiving

requisitions for recruitment from any department of the company. These contain:

Posts to be filled

Number of persons

Duties to beperformed

Qualifications required

Preparing the job description and person specification. Locating and developing the sources of required number and type of employees

(Advertising etc).

Short-listing and identifying the prospective employee with required characteristics.


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Arranging the interviews with the selected candidates. Conducting the interview and decision making

Recruitment Process

The recruitment and selection is the major function of the human resource

departmenmt and recruitment process is the first step towards creating the competitive

strength and the strategic advantage for the organisations.Recruitment process

involves a systematic procedure from sourcing the candidates to arranging and

conducting the interviews and requires many resources and time.

SWOT ANALYSIS

STRENGTHS

* They managed to grow from $150 million to $400 million in revenues. This is a tougher

milestone than the $1 billion one

* They are very focused on creating a culture and processes, which have become

differentiators for the company today

WEAKNESSES

* Not doing well enough when it comes to innovation beyond process IP

OPPORTUNITIES

* Should get into more service lines and big-ticket deals, R&D and engineering services

play and should increase their geographical reach

THREATS

* Global majors are becoming quite big

* They should not ignore or underestimate the creativeness and capabilities of MNC

competitors

Technology Partners International

STRENGTHS


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Excellent project and services execution

Excellent internal processes

WEAKNESSES

* Reliance on less experienced talent pool for lower costs and therefore better financial

results. This precludes certain types of work

* Over reliance on India as delivery geography, has not diversified delivery capability to

other offshore locations

OPPORTUNITY

* Extend delivery and process strengths to other global locations apart from India

* Massive demand for additional work in all areas of services spectrum with many

existing contracts now coming up for renewal - approx $100 billion in next few years.

Infosys can get a chunk of this if they are willing to take on additional delivery risk and

become a true global player

THREATS

* Extremely high expectations from their investor community for growth and

profitability. Will be difficult to manage this as competition begins to undercut their

pricing

* MNCs have come of age in India and other offshore destinations. They can and do

compete with Infosys from a level playing field.


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STHIRA SOLNS PVT LTD ,BANGALORE

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