A

STUDY
ON
ANALYSIS OF INVENTORY MANAGEMENT SYSTEM
AT
ULTRATECH CEMENT LIMITED
Submitted
By
R KETHAN
H.T.NO: 2122-23-672-246
PROJECT SUBMITTED IN PARTIAL FULFILMENT FOR THE AWARD OF DEGREE OF

MASTER OF BUSINESS ADMINISTRATION

Department of Business Administration

AURORA’S PG COLLEGE
PUNJAGUTTA
(Affiliated to Osmania University)
2023-2025
 AURORA’S P.G COLLEGE (MBA)

PROGESS SEMINAR

1. Name of the Student : R kethan

2. Course : MBA

3. Academic Year : 2024-2025

4. Hall Ticket No : 2122-23-672-246

5. Title of the Project : Analysis of Inventory management system at

Ultratech cement limited
6. Name of the Guide : Mrs. Taruna shah

7. Date of Submission : 22-12-2024

Signature of the Student Signature of the Guide

College Seal
 TABLE OF CONTENTS

S. No. CONTENTS Page No

1 Introduction 1-5

2 Statement of the Problem

3 Review of literature

4 Objectives of the study

6 Research Methodology
 Nature of the Study
 Need of the Study
 Scope of the Study
 Data Collection Methods
 Tools for Analysis
7 Industry Profile

8 Company Profile

9 Conclusion

10 Bibliography
 INTRODUCTION
Every enterprise needs Inventory for the running of its activities. It serves as raw material for

production and a finished goods stock also is part of inventory. There is generally a time

large between the purchase or RM and the production. The higher the sales for the higher will

be the requirement of inventory. The unforeseen fluctuations in demand and supply of goods

also necessitate the need for future price fluctuations.

Inventory management plays a vital role as a part of financial management. As most of the

capital is locked up in the form of Inventory in firm. That Inventory must be managed

efficiently in order to reduce the Investment in the Inventory. So the management of

Inventory has also been given a great importance. The purpose of inventory management is to

ensure availability of materials in sufficient quantity as & when required and also to

minimize Investment in inventories.

They are three types of inventories. “Raw materials, work-in-process, and finished goods.

Raw materials are materials and components that are inputs in making the final product.

Work-in-process also called stock-in-process refers to goods in the intermediate stages of

production. Finished goods consist of final products that are ready for sale. While

manufacturing firms generally hold all the three types of inventories, distribution firms hold

mostly finished goods.

Inventories are stock of the product a company is manufacturing for sale and components that

make up the product. The various forms in which inventories exist in a manufacturing

company are raw materials, work-in-process and finished goods.

“Raw materials are those basic inputs that are converted into finished product through the

manufacturing process. Raw materials inventories are those units which has been purchased

and stored for future production. Work-in-process inventories are semi manufactured product.
The purpose of inventory management is to ensure availability of materials in sufficient

quantity as and when required and also to minimize investment in inventories.

Raw materials, goods in process and finished goods all represent various forms of inventory.

Each type represents money tied up until the inventory leaves the company as purchased

products. Because of the large size of the inventories maintained by firms, a considerable

amount of funds is required to be committed to them. A firm neglecting the management of

inventories will be jeopardizing its long run profitability and may fail ultimately. The

reduction in excessive inventories carries a favorable impact on the company’s profitability.

The study starts with an introduction to inventory management, Company’s profile, its Vision

& Mission, Achievements and also the need for study, review of literature and objectives are

set out for the study.

An inventory management system project that allows user to manage and maintain his/her

inventory with ease. The inventory management system has been developed to allow users to

add an inventory, delete an inventory, enter inventory quantity and other details, update

inventory status and more. The inventory management system has its own intelligently

managed support system that allows user to view and manage various inventories added in

the system.
 THEORETICAL BACKGROUND
INVENTORY:
A tangible property held, finished goods, work in process, raw materials including

maintenance and consumables.

MEANING OF INVENTORY:
The inventory refers to the stock pile of the product a firm offering for sale the components

that make up the product. In other words, inventory is composed of assets that will be sold in

future in the normal course of business operations. The assets which firms store as inventory

in anticipation of need can be classified into

1. Raw materials

2. work-in-progress(semi finished goods)

3. Finished goods

1. RAW MATERIALS:-Inventory contains items that are purchased by the firm from others

and are converted into finished goods through the manufacturing process. They are important

inputs for the final product.

2. WORK-IN-PROCESS:-Inventory consists of items currently being used in the production

process. They are normally, partially or semi-finished goods that are at various stages of

production in a multi stage production process.

3. FINISHED GOODS:-It represents final or completed products which are available for sale,

the inventory of such goods consists of items that have been produced but are yet to be sold.

The job of the final manager is to reconcile the conflicting view points of the various

functional areas regarding the appropriate inventory levels in order to fulfill the over all

objectives of maximizing the owner’s wealth.

 IMPORTANCE OF INVENTORY:-

Inventory plays cardinal role in every organization. The profit of the organization mainly

depends on the inventory. Inventory is the second largest value in the organization. It is the

liquid asset and the current asset of the organization. Inventory storage is in important

activity in the organization.

OBJECTIVES OF INVENTORY MANAGEMENT:

The objectives of the inventory management consist of two counter balancing parts:

⮚ To maximize the firms investment in inventory

⮚ To meet a demand for the product by efficiently organizing the firms production and sales

operation.

⮚ Ensure a continuous supply of raw materials to facilitate uninterrupted production.

⮚ Minimize the carrying cost and time. These two conflicting objectives of inventory

management can also be expressed in terms of cost and benefits associated with inventory.

An optimum level of inventory should be determined on the basis of the trade off between

cost and benefits associated with the levels of inventory.

THE MAIN AIM OF INVENTORY MANAGEMENT

The main aim of inventory management is that they should avoid excessive and inadequate

levels of inventories &to maintain sufficient inventory for the smooth production &sales

operations effort be made to place an order at the right time with the right source to acquire

the right quality at the right place &quantity.

⮚ Ensure a continuous supply of raw materials to facilitate uninterrupted production.

⮚ Maintain sufficient stocks of raw materials in periods of short supply, anticipated price

customer service.

⮚ Minimize the carrying and time.

 Causes of inventory:

⮚ External causes - customers, suppliers etc.

⮚ Internal causes - market, policy, production and SCM.

Problem with high inventory:

⮚ Interests, insurance costs.

⮚ Quality deterioration.

⮚ Wear and tear.

⮚ Storage and pilferage.

Inventory turnover ratio:

⮚ ITR=cost of production/inventory

⮚ Higher ITR=low inventories

⮚ Low ITR=high inventories

High inventory reasons:

⮚ Production

⮚ More low volume products

⮚ Large cycle campaign product

⮚ Non-moving products

Marketing:

⮚ Uncertainty of orders

⮚ Deviating sales forecast

Supply chain management:

⮚ Improper planning

⮚ Excess/short RM supply.

STATEMENT OF THE PROBLEM

In the context of inventory management, “Management experts claim that inventory

management of Nepal is probably the weakest aspect of management the tool and techniques

for controlling its physical as well as financial dimensions” (Agrawal, 1980) Industrialization

plays the vital role for the national development but most of Nepalese enterprises are

operating in losses. The HMG had established a number of PEs in different fields. But the

financial performances of such enterprises in Nepal are quite dismal and have not been able

to contribute towards the generation of surplus there could be many factors for the failure of

the PEs i.e. lack of integration of activities, mismanagement, less utilization of capacity, lack

of motivated skilled employees and mismanagement of inventory. One probable cause for

failure of the enterprises might be related to inventory management and control. So, to

address the problem, the study intents proper inventory management of the PEs. The study

covers the following research questions.

LITERATURE REVIEW
1. Overview: UltraTech Cement is India's largest cement manufacturer, with a consolidated

capacity of 156.66 million tonnes per annum (MTPA) of grey cement. It is a subsidiary of

Grasim Industries Ltd.

2. Recent Developments: Recently, UltraTech Cement received approval from the

Competition Commission of India (CCI) to acquire a majority stake in India Cements. This

acquisition includes a 32.72% stake from promoters and their associates, along with a

subsequent open offer to acquire an additional 26% share from public shareholders.

3. Financial Performance: A study on the financial performance of UltraTech Cement

Limited analyzed various financial tools and techniques to assess the company's profitability

and efficiency. The study highlighted the importance of effective financial management in

ensuring the company's success.

4. Market Position: UltraTech Cement leads the Indian cement market and aims to become

one of the largest cement companies in the world, with a target capacity of 200 MTPA.
 REVIEW OF LITERATURE
ARTICLES

Article 1

Title : Inventory Management of Re manufacturable Products

Author : L. BerilToktay

Journal : Management science

Published Online:1 Nov 2019

Abstract: We address the procurement of new components for recyclable products in the

context of Kodak's single-use camera. The objective is to find an ordering policy that

minimizes the total expected procurement, inventory holding, and lost sales cost.

Distinguishing characteristics of the system are the uncertainty and unobservability

associated with return flows of used cameras. We model the system as a closed queueing

network, develop a heuristic procedure for adaptive estimation and control, and illustrate our

methods with disguised data from Kodak. Using this framework, we investigate the effects of

various system characteristics such as informational structure, procurement delay, demand

rate, and length of the product's life cycle.

Article 2

Title : Inventory Management with Asset-Based Financing

Author : Zhang

Published Online:1 Sep

Journal : Management Science 2019

Abstract: Most of the traditional models in production and inventory control ignore the

financial states of an organization and can lead to infeasible practices in real systems. This

paper is the first attempt to incorporate asset-based financing into production decisions.

Instead of setting a known, exogenously determined budgetary constraint as most existing

models suggest, we model the available cash in each period as a function of assets and

liabilities that may be updated periodically according to the dynamics of the production

activities. Furthermore, our models allow different interest rates on cash balance and

outstanding loans, which is an enhancement over most traditional models in that inventory

financed by a loan may be more expensive than that by out-of-pocket cash. We demonstrate

the importance of joint consideration of production and financing decisions in a start-up

setting in which the ability to grow the firm is mainly constrained by its limited capital and

dependence on bank financing. We then explain the motivation for asset-based financing by

examining the decision making at a bank and a set of retailers in a newsvendor setting.
Article 3

Title : Inventory management system

Author : Donald G. BauerRichard J. Campero 2020

Journal : Us patent

Abstract: Methods, systems, and articles of manufacture consistent with certain aspects

related to the present invention collect item information from RFID tags attached to items in

an inventory, and uses the collected item information to perform various inventory

management processes. In one aspect, the inventory management processes may include

determining, reporting, and/or providing corrective actions for one or more events associated

with at least one of depletions of items in the inventory, changes in the design of items in the

inventory, defects with one or more items, misplaced items, the movement of an unusual

umber of items within a short period of time (i.e., shrinkage), and malfunctions of one or

more components included in the environment.

Article 4

Title : Risk Aversion in Inventory Management,

Author : David Simchi-LeviPeng Sun 2020

Journal : operation research

Abstract : Traditional inventory models focus on risk-neutral decision makers, i.e.,

characterizing replenishment strategies that maximize expected total profit, or equivalently,

minimize expected total cost over a planning horizon. In this paper, we propose a framework

for incorporating risk aversion in multiperiod inventory models as well as multiperiod models

that coordinate inventory and pricing strategies. We show that the structure of the optimal

policy for a decision maker with exponential utility functions is almost identical to the

structure of the optimal risk-neutral inventory (and pricing) policies. These structural results

are extended to models in which the decision maker has access to a (partially) complete

financial market and can hedge its operational risk through trading financial securities.

Computational results demonstrate that the optimal policy is relatively insensitive to small

changes in the decision-maker's level of risk aversion.

Article 5

Title : Managing carbon footprints in inventory management

Author : David Simchi-LeviPeng Sun 2020

Journal : International Journal of Production Economics

Abstract : There is a broad consensus that mankind must reduce carbon emissions to

mitigate global warming. It is generally accepted that carbon emission trading is one of the

most effective market-based mechanisms to curb the amount of carbon emissions. This paper

investigates how firms manage carbon footprints in inventory management under the carbon

emission trading mechanism. We derive the optimal order quantity, and analytically and

numerically examine the impacts of carbon trade, carbon price, and carbon cap on order

decisions, carbon emissions, and total cost. We make interesting observations from the

numerical examples and provide managerial insights from the analytical results.
Article 6

Title : Industrial aspects and literature survey: Combined inventory management and

routing

Author : Donald G. BauerRichard J. Campero 2021

Journals: Computers & Operations Research

Abstract : This paper describes industrial aspects of combined inventory management and

routing in maritime and road-based transportation, and gives a classification and

comprehensive literature review of the current state of the research.

The literature is contrasted with aspects of industrial applications from a constructive, but

critical, viewpoint. Based on the status and trends within the field, future research is

suggested with regard to both further development of the research area and industrial needs.

By highlighting the industrial aspects, practitioners will hopefully see the benefit of using

advanced decision support systems in complex situations related to combined inventory

management and routing in their business. In addition, a classification and presentation of the

research should help and motivate researchers to further focus on inventory management and

routing challenges.
Article 7

Title: Retail Inventory Management When Records Are Inaccurate

Author: Adam J. Mersereau 2021

Journal: Manufacturing& Service Operations Management Vol. 10, No. 2

Abstract: Inventory record inaccuracy is a significant problem for retailers using automated

inventory management systems. In this paper, we consider an intelligent inventory

management tool that accounts for record inaccuracy using a Bayesian belief of the physical

inventory level. We assume that excess demands are lost and unobserved, in which case sales

data reveal information about physical inventory levels. We show that a probability

distribution on physical inventory levels is a sufficient summary of past sales and

replenishment observations, and that this probability distribution can be efficiently updated in

a Bayesian fashion as observations are accumulated. We also demonstrate the use of this

distribution as the basis for practical replenishment and inventory audit policies and illustrate

how the needed parameters can be estimated using data from a large national retailer. Our

replenishment policies avoid the problem of “freezing,” in which a physical inventory

position persists at zero while the corresponding record is positive. In addition, simulation

studies show that our replenishment policies recoup much of the cost of inventory record

inaccuracy, and that our audit policy significantly outperforms the popular “zero balance

walk” audit policy.

Article 8

Title: Importance of Inventory management

Author: R.A.Aliev

Publication year: 2021

Abstract: Aggregate production-distribution planning (APDP) is one of the most important

activates in supply chain management (SCM). When solving the problem of APDP, we are

usually faced with uncertain market demands and capacities in production environment,

imprecise process times, and other factors introducing inhere cent uncertainty to the solution.

Using deterministic and stochastic models in such conditions may not lead to fully

satisfactory results. Using fuzzy models allows us to remove this drawback. It also facilitates

the inclusion of expert knowledge. However, the majority of existing fuzzy models deal only

with separate aggregate production planning without taking into account the interrelated

nature of production and distribution systems

Article : 9

Title: Analysis on Inventory management

Author(s):Bhutta

Publication year : 2022

Abstract: Presents a mixed integer linear programming model for international facility

location decisions considering exchange and tariff rates. Along with location, production and

distribution functions, investment level was also considered as one of the decision variables.

This profit maximization model represents the integration of all of the above mentioned

factors thus providing an insight into how they are affected due to global factors such as

exchange and tariff rates. Determination of international facility location decisions in this

model is thus based on a collective analysis of the various supply chain factors such as

production capacity, distribution patterns and also investment levels. Encouraging results

have been obtained in terms of the model performance and results thus emphasizing the need

for integrated supply chain analysis.

Article :10

Title : Inventory management

Author(s):Peter Fredriksson

Publication year :

Abstract: To identify operations and logistics insures which are critical for the operational

performance in modular assembly processes. Based on case studies of Volvo Cars, Toyota,

and Saab, the paper identifies operations and logistics issues that are critical for the

operational performance of modular assembly processes. The issues are used for extending

our understanding of the design operation of modular assembly processes. The issues

identified concern production planning, deviation handling, assembly flow balance, small

unit disadvantages and module flow control.

Inventory is the stock of goods a company uses as raw materials for the process of

production. So there is no doubt in the fact that purchasing inventory - the raw materials - is

pretty much a certainty for the business to operate. There are two basic schools of thought

governing inventory purchase. You can purchase a high amount, fewer times over a year,

avail the economies of scale and then store it in your warehouse. The inventory turnover is

the financial management tool which helps the finance manager establishes the way things

stand presently and if there needs to be a change in the way the company is going about with

its policy.
 OBJECTIVES OF THE STUDY

 To study on the stocking level of the company that is minimum level, maximum level &

re- ordering level.

 To know whether the company is facing any stock outs recently.

 To review the ABC Analysis and understand the impact of business dynamics on

inventory.

 To make a brief study on the analysis of the store items.

RESEARCH METHODOLOGY

NATURE AND IMPORTANCE OF THE STUDY

Materials are equivalent to cash and they make up an important part of the total cost. It is

essential that materials should be properly safeguarded and correctly accounted. Proper

control of material can make a substantial contribution to the efficiency of a business. The

success of a business concern largely depends upon efficient purchasing, storage,

consumption and accounting.

 The cost of production is increased recently due to the wide usage of ULTRATECH

CEMENT LIMITED company products.

 As requirement of raw material is increased there is a need for the effective

maintenance of inventory management.

"For every industry the Inventory plays a vital role". Better Inventory control leads to better

capital usage .The Company should look after the Inventory effectively which results in

optimum level of raw materials & finished goods that will smooth in production process.

"Inventory plays a vital role. Hence the study of inventory management in ULTRATECH

CEMENT LIMITED has been selected for the project work".

NEED FOR THE STUDY

This study is essential to address the challenges organizations face in optimizing inventory

management systems, which are critical for ensuring operational efficiency and cost control.

Ineffective inventory practices can lead to issues such as overstocking, stock outs, and

increased carrying costs, negatively impacting profitability and customer satisfaction. The

study seeks to analyze existing inventory management practices, evaluate their effectiveness,

and identify opportunities for improvement. By providing actionable insights, it aims to help

organizations enhance inventory accuracy, reduce waste, and align inventory strategies with

business objectives.
SCOPE OF THE STUDY

 The study is done on inventories held by manufacturing division of ULTRATECH

CEMENT LIMITED The scope of the study includes the ABC Analysis of Raw

Materials, WIP and Finished Goods for five financial years.

 This study provides insight to the management of High Value items and also brings

attention of management towards movement of ‘A’ class items over period of 5 years.

 The study also covers other areas like the financial ratios for the period of
DATA COLLECTION
The economy of a country is controlled by several factors, viz., population size industrial

activities, agriculture, polices of its government, culture of the people, educational system,

infrastructure facilities, etc. in the process of satisfying the basic needs people engage

themselves in various activities such agriculture, housing and each of the above industries is

backed by various other industries.

Sources of Information:

This study is drafted from secondary data.

Secondary Data:

Since the study is aimed at the financial aspects of ULTRATECH CEMENT LIMITED, the

whole data has been gathered from:

1. Annuals reports of the company.

2. Broachers of the company.

Main limitation is due to their busy schedule the employees in the organization are unable to

spend their time with me.

TOOLS FOR ANALYSIS

Method Used For Analysis of Study

The methodology used for this purpose is Survey and Questionnaire Method. It is a time

consuming and expensive method and requires more administrative planning and supervision.

It is also subjective to interviewer bias or distortion.

Sample Size: 100 respondents.

Sampling Unit: Businessmen, Government Servant, Retired Individuals

Statistical Tools: MS-excel and SPSS are used to analyze the data.
 INDUSTRY PROFILE

The Indian cement industry is directly related to the country's infrastructure sector and thus

its growth is paramount in determining the development of the country. With a current

production capacity of around 366 million tons (MT), India is the second largest producer of

cement in the world and fueled by growth in the infrastructure sector, the capacity is expected

to increase to around 550 MT by FY20.

India has a lot of potential for development in the infrastructure and construction sector and

the cement sector is expected to largely benefit from it. Some of the recent major government

initiatives such as development of 130 smart cities are expected to provide a major boost to

the sector.

Expecting such developments in the country and aided by suitable government foreign

policies, several foreign players such as the likes of Lafarge, Holcim and Vicat have invested

in the country in the recent past. Another factor which aids the growth of this sector is the

ready availability of the raw materials for making cement, such as limestone and coal.

MARKET SIZE:

According to data released by the Department of Industrial Policy and Promotion (DIPP),

cement and gypsum products attracted foreign direct investment (FDI) worth US$ 2,984.29

million between April 2000 and September 2022.

In India, the housing sector is the biggest demand driver of cement, accounting for about 67

per cent of the total consumption. The other major consumers of cement include

infrastructure at 16 per cent, commercial construction at 15 per cent and industrial

construction at nine per cent.

To meet the rise in demand, cement companies are expected to add 56 MT capacity over the

next three years. The cement capacity in India may register a growth of eight per cent by next
year end to 395 MT from the current level of 366 MT. It may increase further to 421 MT by

the end of 2022. The country's per capita consumption stands at around 190 kg.

A total of 198 large cement plants together account for 97 per cent of the total installed

capacity in the country, while 365 small plants account for the rest. Of these large cement

plants, 77 are located in the states of Andhra Pradesh, Rajasthan and Tamil Nadu. The Indian

cement industry is dominated by a few companies. The top 20 cement companies account for

almost 70 per cent of the total cement production of the country.

GOVERNMENT INITIATIVES:

Giving impetus to the market, the Indian government plans to roll out public-private

partnership (PPP) projects worth Rs 1 trillion (US$ 19.67 billion) over the next six months.

The Principal Secretary in the Prime Minister's Office (PMO) will monitor these projects.

Also, the steering group appointed by Dr Manmohan Singh, Prime Minister of India, to

accelerate infrastructure investments, has set deadlines for the awarding of projects such as

Mumbai rail corridor and Navi Mumbai Airport, among others. The Goa State Pollution

Control Board (GSPCB) has signed a memorandum of understanding (MOU) with

Vasavdatta Cement, a company with its plant in Karnataka. The firm would use the plastic

waste collected by the state agencies and village Panchayats from Goa as fuel for its

manufacturing plan

ROAD AHEAD:

The globally competitive cement industry in India continues to witness positive trends such

as cost control, continuous technology up gradation and increased construction activities.

Furthermore, major cement manufacturers in India are progressively using other alternatives

such as bioenergy as fuel for their kilns. This is not only helping to bring down production

costs of cement companies but is also proving effective in reducing emissions.

With the ever-increasing industrial activities, real estate, construction and infrastructure, in
addition to the various Special Economic Zones (SEZs) being developed across the country,

there is a demand for cement.

It is estimated that the country requires about US$ 1 trillion in the period FY 2020-16 to FY

2020-18 to fund infrastructure such as ports, airports and highways to boost growth, which

promises a good scope for the cement industry.

The 4th Annual India Cement Sector Business Sentiment Survey is nearly out, and the India

Construction & Building Materials Journal provides the opportunity of an exclusive look at

the survey’s results before their sharing with the wider audiences. We are glad to be able to

present here some of the survey highlights and provide our readers with before-hand data

regarding the views and expectations of cement industry professionals.

Optimism continues to be the name of the game for the Indian cement industry – a function

of long-term trends as well as human nature. But on a closer look, the survey shows that the

optimism only runs skin deep and that it has already been eroded by an increasing percentage

of industry members who feel dissatisfied with the overall performance of the field last year.

For instance, the percentage of those who believe the industry performed “well” dropped

from 43 percent in 2020 to 26 percent in 2020, while the number of respondents who believe

the industry performed poorly almost tripled from 8 percent last year to 22 percent in 2020.

Regarding the future evolution of the industry, survey participants continue to be on the

optimistic side and hope for a “somewhat better” or “much better” performance compared to

the last 6 months.

 COMPANY PROFILE
ULTRATECH CEMENT:
ULTRATECH CEMENT LIMITED has an annual capacity of 19.2 million tons. It

manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement

and Portland Pozzolana Cement. It also manufactures ready mix concrete (RMC).

ULTRATECH CEMENT LIMITED has five integrated plants, six grinding units and three

terminals two in India and one in Sri Lanka.

UltraTech Cement is the country’s largest exporter of cement clinker. The export markets

span countries around the Indian Ocean, Africa, Europe and the Middle East. UltraTech’s

subsidiaries are Dakshin Cement Limited and UltraTech Ceylinco (P) Limited

The roots of the Aditya Birla Group date back to the 19th century in the picturesque town of

Pilani, set amidst the Rajasthan desert. It was here that Seth Shiv Narayan Birla started

trading in cotton, laying the foundation for the House of Birla’s.

Through India's arduous times of the 1950s, the Birla business expanded rapidly. In the early

part of the 20th century, our Group's founding father, Ghanshyam Das Birla, set up

industries in critical sectors such as textiles and fiber, aluminum, cement and chemicals. As

a close confidante of Mahatma Gandhi, he played an active role in the Indian freedom

struggle. He represented India at the first and second round-table conference in London,

along with Gandhi. It was at "Birla House" in Delhi that the luminaries of the Indian

freedom struggle often met to plot the downfall of the British Raj.

Ghanshyam Das Birla found no contradiction in pursuing business goals with the dedication

of a saint, emerging as one of the foremost industrialists of pre-independence India. The

principles by which he lived were soaked up by his grandson, Aditya Vikram Birla, our

Group's legendary leader.

 FACT FILE:

 Largest producer of grey cement, white cement and ready-mix concrete in India.

 Largest producer of white cement in India.

 Installed capacity of 62 MTPA.

 Presence with 16 integrated plants, 1 white cement plant, 2 Wall Care putty plants, 1

clinkerisation plant in UAE, 16 grinding units; 16 in India, 2 in UAE, 1 in Bahrain and

Bangladesh each, 6 bulk terminals; 5 in India and 1 in Sri Lanka and 131 Concrete plants

 Straddling export markets in countries across the Indian Ocean and the Middle East.

ADITYA VIKRAM BIRLA: PUTTING INDIA ON THE WORLD MAP

A formidable force in Indian industry, Mr. Aditya Birla dared to dream of setting up a global

business empire at the age of 24. He was the first to put Indian business on the world map,

as far back as 1969, long before globalization became a buzzword in India.

In the then vibrant and free market South East Asian countries, he ventured to set up world-

class production bases. He had foreseen the winds of change and staked the future of his

business on a competitive, free market driven economy order. He put Indian business on the

globe, 22 years before economic liberalization was formally introduced by the former Prime

Minister, Mr. Narasimha Rao and the former Union Finance Minister, Dr. Manmohan Singh.

He set up 19 companies outside India, in Thailand, Malaysia, Indonesia, the Philippines and

Egypt.

Interestingly, for Mr. Aditya Birla, globalization meant more than just geographic reach. He

believed that a business could be global even whilst being based in India. Therefore, back in

his home-territory, he drove single-mindedly to put together the building blocks to make our

Indian business a global force.

Under his stewardship, his companies rose to be the world's largest producer of viscose

staple fiber, the largest refiner of palm oil, the third largest producer of insulators and the

sixth largest producer of carbon black. In India, they attained the status of the largest single

producer of viscose filament yarn, apart from being a producer of cement, grey cement and

rayon grade pulp. The Group is also the largest producer of aluminum in the private sector,

the lowest first cost producers in the world and the only producer of linen in the textile

industry in India. At the time of his untimely demise, the Group's revenues crossed Rs.8,000

corer globally, with assets of over Rs.9,000 crore, comprising of 55 benchmark quality

plants, an employee strength of 75,000 and a shareholder community of 600,000.

Most importantly, his companies earned respect and admiration of the people, as one of

India's finest business houses, and the first Indian International Group globally. Through this

outstanding record of enterprise, he helped create enormous wealth for the nation, and

respect for Indian entrepreneurship in South East Asia. In his time, his success was

unmatched by any other industrialist in India. That India attains respectable rank among the

developed nations, was a dream he forever cherished. He was proud of India and took equal

pride in being an Indian.

Under the leadership of our Chairman, Mr. Kumar Mangalam Birla, the Group has sustained

and established a leadership position in its key businesses through continuous value-

creation. Spearheaded by Grasim, Hindalco, Aditya Birla Nuvo, Indo Gulf Fertilizers and

companies in Thailand, Malaysia, Indonesia, the Philippines and Egypt, the Aditya Birla

Group is a leader in a swathe of products — viscose staple fiber, aluminum, cement, copper,

carbon black, palm oil, insulators, garments. And with successful forays into financial

services, telecom, software and BPO, the Group is today one of Asia's most diversified

business groups.
BIBLIOGRAPHY
BOOKS:
Financial Management………. I.M. Pandey
Financial Management………. Prasanna Chandra
Financial Management………. Van Horn
Management Accounting and Control…. S.N. Maheswari
Financial Management……….Khan and Jain
JOURNALS:
1.Inventory Management of Re-manufacturable Products by L. BerilToktay, Management

science ;1 Nov 2019.

2.Inventory Management with Asset-Based Financing. Author by Rachel Q. Zhang P;1 Sep ,

Management Science 2019.

3.Inventory management system. ;Donald G. Bauer Richard J. Campero 2020 ; Us patent.

4.Risk Aversion in Inventory Management: David Simchi-Levi Peng Sun 2020;operation

research.

5.Managing carbon footprints in inventory management; David Simchi-Levi Peng Sun in the

year 2020 ;International Journal of Production Economics.

6.Industrial aspects and literature survey: Combined inventory management and routing

Donald G. Bauer Richard J. Campero 2021. Computers & Operations Research.

7.Retail Inventory Management When Records Are Inaccurate.; 2021;Manufacturing&

Service Operations Management Vol. 10, No. 2.

8.Importance of Inventory management; R. A. Aliev, Publication year: 2021.

9.Analysis on Inventory management; Bhutta; 2022.

10.Inventory management, Perter Fredriksson.

WEBSITE:
www.ultratech.com

www.financialmanagement.com

www.pricipals of accounting.com

www.google.com

NEWSPAPERS:

1.The economic times.

2.Business standard.

3. cement industry journal.