Case Study for Personnel Finance Project of M/S. Ashok Food Products Pvt.

Limited

Mr. Ashok, Chairman & M.D. Of Multi Products Group in Mumbai decided to set up Food Division to manufacture Container uices of Pineapple, Apple, Man!o and suppl" to all #ndia levels. $e named the compan" as Ashok Food Products Pvt. %imited. $e bou!ht the land in al!aon M#DC and decided to invest &'' Cr. for total pro(ect. $e also appointed Mr. Gopal as C)O for the pro(ect to take care of all operations from the sta!e of infrastructure till the commissionin! of the plant *ith recruitment of People for various levels. Mr.Gopal bein! e+,patriate from )uropean countr" havin! spent over - decades there, .ualified Food /echnolo!ist *ith Mana!ement .ualification from )uropean 0niversities, *as not a*are of la*s of land. $e therefore re.uested M.D. to advise $ead,$1 to assist him to set up pro(ects in the areas of %iaisin! *ith !ovt. authorities and set up the $1 Policies includin! 1ecruitment and Compensation Plan for all levels of People in the pro(ect. /he M.D. called the Meetin! of both people in his cabin and after len!th of discussion advised $ead,$1 to assist Mr.Gopal in the Pro(ect *ith the directives that the labour cost in Pro(ect should not e+ceed 2' %ac per annum at the construction sta!e and later on should not e+ceed -3 lacs per annum on $1 includin! indirect cost. $e should frame the policies of $1 keepin! in the mind Policies our !roup companies as far as Mana!ement staff is concerned and also hinted to e+plore the possibilities of re, location of e+istin! people at Mumbai from different support services like Pro(ect, finance etc. $e advised both Mr.Gopal and $ead $1 that this pro(ect should commission production no* *ithin &4&4- "rs from the date of discussion. 5ou as $ead,Finance 4 $1, ho* "ou *ill proceed in this process of pro(ect and *hat steps "ou *ill take to evolve Compensation Packa!e for this ne* division from infrastructure sta!e and in subse.uent sta!e to start *ith the production activities. $o* "ou *ill advise Mr.Gopal to start *ith6 777777777777777777777 8u!!estions 9 Anal"se the re.uirements of staff at various levels: Fi+ (ob responsibilities and deliverables 8tud" the surroundin! industr" pa" scales Prepare appropriate bud!ets