Lala Lajpatrai Institute of Management

Layer 7

Lorem ipsum dolor sit amet, consectetur adipiscing elit.            Donec nec enim eu purus rutrum placerat viverra eu elit.            Etiam eu scelerisque enim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.            Donec nec enim eu purus rutrum placerat viverra eu elit.            Etiam eu scelerisque enim.

industrial visit

LLIM lays emphasis on imparting practical knowledge and thereby organises industrial visits every year to various companies in Maharashtra to understand the functions and working of renowned Companies :

“An introduction to the world of investments- An Investor Awareness Initiative”

October 28, 2023: NSE Academy: Investor Awareness Program

Summary: On Saturday, October 28, 2023, a study tour was conducted by Dr. Neetu Singhwal and Prof Aditya Khandwe at the National Stock Exchange (NSE). NSE Academy had arranged a talk on “Financial Planning & Wealth Management” as a part of Investor Awareness Program. The lecture provided valuable insights into the world of finance and investment, and the students found the experience to be both informative and enjoyable.

Key Highlight: Topic: The central theme of the seminar was “Financial Planning & Wealth Management.” The discussions covered a wide range of topics related to personal finance, investment strategies, and building and managing wealth.

Speaker: The seminar featured an engaging and knowledgeable speaker named Amit Kumar Mahato. Mr. Mahato shared his expertise in financial planning and wealth management, offering valuable advice and insights.

Key Takeaways: The students learned a great deal during the seminar, particularly about the importance of investing in one’s life. The discussions highlighted the significance of making informed financial decisions to secure a better future.

Investment Game: The seminar concluded with an exciting announcement by Mr. Amit Kumar Mohoto. He introduced an investment game called “Game of Life,” which has been launched by Bandhan Mutual Fund. This game is designed to provide a practical and interactive way to learn about investing and financial planning.

Overall Experience:The seminar at NSE was a very pleasant and enlightening experience. The knowledge gained about financial planning, wealth management, and the significance of investments will undoubtedly be invaluable for my personal and financial growth. Amit Kumar’s presentation was engaging, and the students left the seminar with a stronger understanding of the role of investments in their life.

Students also enjoyed exploring the “Game of Life” investment game introduced by Bandhan Mutual Fund, which promises to be an innovative and hands-on way to enhance my financial knowledge and decision-making skills. In conclusion, the NSE seminar on Financial Planning & Wealth Management was a great opportunity to learn, network, and gain insights into the world of finance and investments. It was a valuable experience that will contribute to my financial literacy and future financial planning.

The program provided an insight for predictive modelling and optimization using Business Intelligence Tool – POWER BI.

June 2023– Study Tour to Multi Commodity Exchange

Twenty five students of second semester of LLIM along with two faculty members, Dr. Kinjal Shah and Dr. Suresh Suvarna went on a study tour to MCX, Andheri (east), Mumbai, on 13th June, 2023 to gain exposure on how commodity exchange works and also interaction with industry experts.

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts. It is India’s first Exchange to introduce commodity options, and futures contracts on bullion, base metals and energy indices. The Exchange focuses on providing commodity value chain participants with neutral, secure and transparent trade mechanisms, and formulates quality parameters and trade regulations, in conformity with the regulatory framework.

Students in this study tour understood how retail investors can participate in the commodity market, the concepts of future and options, derivatives and importance of derivatives, difference between future and forward contract. They also learned about commodity vs equity- scope for diversification, commodity derivatives Ecosystem and about hedger, speculator and arbitragers.

MAY 2023 – Study Tour to PIANO PRESITEL

Thirty students of second semester of LLIM along with three faculty members Prof. N. Balasubramanian, Dr. Kinjal Shah and Dr. Neetu Singhwal went on a study tour to Piano Presitel in Bhayandar (E),Thane District on 13 May 2023 to gain learning how a manufacturing company works and also interaction with industry experts.

Piano Presitel is committed to establish itself as the most trusted manufacturer of critical hi-end Engineering parts with high quality at perfectly economical costs. Company foresees to stand as the brand of choice for the whole of the automotive world. It competes only with itself by raising its quality and service standards to the highest level. Company wishes to serve India by flourishing into a hub, creating job opportunities and influx of foreign economy.

Piano Presitel has excellent national and international automobile OEM companies as their clients and good in-house facilities with machineries of latest technologies to develop components of intricate shapes, close tolerances and requisite hardness as per customer’s drawings and specifications.

Students in this study tour understood the importance of business practices in manufacturing critical components like brakes, clutches and assembly etc. of highest durability and quality in building a niche automobile.


MMS students (Batch 2018-2020) of 1st year, with five faculty members – Dr. Arati Kale, Prof. N. Balasubramanian, Prof. Vikas Sharma, Dr. M. Gowrishankar and Dr. Shilpa Shinde, went for an industrial visit to Navneet Publications India Ltd., on the 18th of February 2019, in order to receive the much needed industrial exposure.

Navneet Education Limited is an Indian company that is in the business of educational (board curriculums) and children book publishing, scholastic stationery and non-paper stationery products. Navneet is one of the largest paper stationery brands in India with a leadership position in premiere stationery markets such as India, Middle East, parts of Africa, USA, and Europe. Navneet is major publisher for last five decades in India and had been exporter for last 20 years.

LSS Khaniwade (Logistics/Sampling/Short Run) Facility: 35 miles from Mumbai & 58 miles from JNPT port is one of the three plants where its production factories are equipped with state of art machinery capable of producing diverse categories of paper stationery products & are Warex certified. The presence of in-house printing and finishing equipment supported by their in-house product development and designing team helps them create tailor-made products for fashion range with premium effects like glitter, metallic, flocking and embossing. The above production efficiency and supply chain efficiency were understood by the students and faculty who went to Khaniwade (Virar) plant for an industrial visit on 18th Feb 2019.

The Navneet member in-charge (Mr Gandhi) of the logistics and supply chain, received us at the entrance of the plant and showed us the way ahead.

The industrial visit gave the students an insight about the manufacturing of the books and other products, and how they were being stored. They showed the students how the raw material (rolls of plain paper) went through a number of processes and procedures, until the final product (book) was produced. The students learnt that a good percentage of the books and folders being manufactured in the plant, was done for the purpose of exports, to major companies such as Walmart.

Learnings from the visit:

• Raw materials used for producing stationery, books and non-stationery

• Environmental friendly materials

• Usage of solar and renewable energy in production and transportation

• Books are made from a variety of different coated and uncoated paper stocks that differ in weight and size. In addition, different color inks are used

• Book production entails usage of sophisticated machinery, including typesetting machines, a web or sheet-fed printing press, and book binding machines.

• The Manufacturing Process of a book consisted of:

Typesetting where
(1) the manuscript was converted into the desired font and point size.
(2) Galley then proofread and edited for errors by the publisher.
— Pages and mechanical where
(3) the typesetter then produces a mechanical of the typeset proof read pages
— Filming where
(4) the Typeset mechanical pages were made into negatives;
— Stripping
(5) the Negatives are taped or stripped into proper place of large sheets
— Blueprints
(6) To make sure the book is progressing properly, a proof of each flat is made by shining ultraviolet light through the negatives to expose their images onto a special light-sensitive paper
— Plate making
(7) Sections of the plates that contain text and illustrations are then treated with a chemical that attracts ink, thereby ensuring that the text and illustrations will print when on press.
— Printing
(8) the plates are then sent to press. There were three main printing processes used in book production: offset lithography, letter-press, and gravure.
— Binding
(9) after the sheets are printed and dry, they are delivered to the bindery. (10) Book binding also involves sewing the signatures together, gluing the spine, and inserting lining and trimming the edges. The amount and type of binding depends on the type of book (paperback or hardback) and its size.

• Quality Control

• Inbound and
Outbound bays for raw materials and finished products respectively.

• Usage of ERP in their manufacturing and supply chain applications

• W.R.T the HR department there were permanent workers as well as workers based on contractual basis. The workers on contractual basis were from the local area. They were trained before their joining.

The students took back home some interesting learning and key tips which would help them to work as effective managers in their future.

2018 – Visit to CEAT TYRES LIMITED

MMS Students (Batch 2017-19) of 1st year HR and Operations with two Faculty Members – Dr. Arati Kale and Prof. N. Balasubramanian went for an Industrial Visit to The CEAT Tyres Ltd, Bhandup Plant on 19-03-18 in order to receive much needed industrial exposure.

CEAT Members in-Charge of Production and Security received us at the entrance of the plant and showed us the way ahead. Senior managerial personnel of Production Mr. Shivaraman and HR Manager Mr. Jayesh Thakkar presented and interacted with the students giving them insights not only into the company’s manufacturing and production units but also into the various functional areas that make CEAT one of the most desirable tyre brands in a large part of Asia.

The industrial visit gave an insight to the students how manufacturing, quality and HR initiatives can transform an Organization from closure stage to become one of the most profitable plant in the country.

The highlights and learnings are listed below:-

Bhandup plant in spite of being one of the oldest plant has achieved highest level of efficiency based on the principles of SPCDQM (Safety, Production, Cost, Delivery, Quality and Morale) and will be the first Indian tyre manufacturer to attain internationally acclaimed Deeming award in the month of August 2017.

Every employee is ingrained with PDCA quality initiatives. Quality circles QC christened as Sparsh Quality Circle in CEAT are highly successful and students were presented with many examples of QC benefits. QC leader illustrated with a problem, the steps taken in the circle and how successfully they solved together.

The plant manufactures pneumatic and radial tyres ranging from 2-wheeler to 4-wheeler and niche tyres used in mining, water transport and heavy vehicles. The plant visit was learning how capacity planning, process strategies, quality procedures and better ecosystems can transform an organization.

The plant main process departments of Compounding and Mixing, Component preparation using extruders & calenders, Tire building, Curing and Final uniformity finishing were shown to the students.

The rock-hard HR Department was a clear evidence of high levels of employee satisfaction and smooth work culture. They have an initiative called “HR @ DOORSTEP” wherein they communicate with each and every employee of the industry and handle their grievances at the earliest.

Their employee engagement activities show a hike of 95%. Different Employee engagement activities just to name a few include Celebration of every festival, reward people for their vital contribution in their respective fields, Cricket leagues, women’s day celebration, participation in Mumbai marathon to represent their company, safety week, “MAHA CEAT RATNA” (People are awarded in front of everyone on 8th of every month).

They also have this concept of “RED BOOK”, to capture voices on shop floor which means any activity from the function of a blue collared worker to a white collar worker if noticed not done correctly the complaint is recorded in the book over which actions are taken by the respective officials.

A strong HR is a pre-requisite for a successful organization. Three of the six pointer Key Performance Indicators (KPIs) of CEAT are directed towards HR, a practice that lifted the plant from a loss making, high employee turnover unit 6 years ago to a prosperous and profit making organization, today.

Permanent labour backed by a strong contractual workforce minimizes possibilities of breakdowns and vouches maximized productivity at lower costs.

People are your biggest asset and play a pivotal role in the growth of any business. CEAT boasts of an average employee age of an impressive 30 years, resulting in easy acceptability of process and automation.

Environmental and legal compliance paired with proper CSR initiatives specially directed towards the local residents residing in close vicinity are a must for the long term survival of any business unit; especially the likes of a tyre manufacturing plant that inadvertently releases certain level of pollution into the environment.

Finally, it is important to make sure that every single worker as well as employee is working towards the achievement of the common pre-defined vision of the specific unit (Beautifully defined by CEAT, Bhandup), apart from being assured of personal growth and development.

It was an Informative, Interesting and a Successful Visit. CEAT personnel elaborated and explained in depth each activity. The students took back home some interesting learnings and tips which would help them whilst working in corporates.