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CHAPTER 1
INTRODUCTION
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INTRODUCTION
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The method used to conduct this project study is qualitative form of analysis.
Primary Data
Direct Interview with Department heads, managerial staffs, and workers of various
departments.
Direct Observation of the plant.
Secondary data
Annual reports
Department manuals and Journals
Web information
The time was limited for the study and analysis of the organization.
The method used mainly provides qualitative data.
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CHAPTER 2
INDUSTRY PROFILE
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From where and when the stream of Ayurveda started flowing still remains
unanswered. However, it has an uninterrupted history of more than 3000 years. The
historians and scholars have their own arguments and reasons in fixing up different
time frames. Anyway, one thing can be said for certain that there is no civilization in
the world, which has not developed some system of medicine or the other. It was the
periodic systematization of such medical knowledge and practice, which led to the
development of medical science. The same is the story of Ayurveda with its own
variations. It could be seen that Ayurveda is rooted in the knowledge revealed by
ancient seers whose insights and visions are compiled in the vedas. Vedas are the
earliest forms of documented knowledge. The six systems of Indian philosophy -
nyaya, vaiseshika, sankhya, yoga, mimamsa and vendanta acknowledged the authority
of vedas. Of the four vedas, Atharvaveda contain more intimate reference to medical
knowledge and practice. Ayurveda is therefore considered as an auxiliary limb
(upaveda) of Atharvaveda. Similarly, the influence of classical Indian Philosophies,
especially of sankhya and vaiseshika is apparent in ayurvedic literature. These
philosophical moorings make Ayurveda more than a medical manual though it is
radically health oriented.
Ayurveda does not go deep into philosophy after a certain stage and is more
concerned with function and dysfunction of the human body, the orderly up keep of
which is the prime requisite to fulfill the human aspirations and to achieve the
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ultimate goals of life. Ayurveda can thus be introduced as a system of medicine built
on philosophical foundation that does not go on changing over time. Ayurveda, as any
other biological discipline, is dynamic at operational level. Obviously the super
structure of Ayurveda is flexible and flexible enough for appropriate extrapolation.
This unique feature makes the art of healing down to earth practical in tune with the
changing trends and needs of the human life.
Health is defined as a state wherein the dynamic balance of doshas, dhatus and
malas is maintained, the metabolism is at optimum level and soul, mind and sense
organs assume sublime position. This definition fully agrees with the integral vision of
health envisaged by WHO; the former has an additional dimension of sound
spirituality.
The structural and functional units of human body are composed of five basic
elements known as panchabhutas. Panchabhutas literally mean the five elements,
which include the earth, the water, the fire, the wind and the space. Each one of them
wields an influence on certain part of the human constitution. For example, every
opening in the body, the ears and the voids and internal sounds of the body are all
belonging to the element of space. The element of fire influences the human form and
its glow, the eyes, the bodily heat, the digestive activity and also the feelings of anger
and valour. Recognition of this identical elemental basis of human body and outside
world has profound implications in the practice of medicine.
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Ayurveda considers him as the best physician who knows the science of
administration of drugs with due reference to clime, and who applies it only after
examining each and every patient individually. To acquire this proficiency and
competency, a comprehensive knowledge of human anatomy and physiology, disease
process, medical and surgical treatment, psychiatry, preventive medicine, medical
ethics, materia medica and pharmacology is indispensable. The content of Ayurveda
embraces all the spheres separately, but emphasizing on a holistic vision.
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the number in the U.S., but serving nearly 4 times as many people). Reliance on
Ayurvedic medicine is heavy in certain regions of India, such as Kerala in the
Southwest. Many Ayurvedic practitioners in small villages are not registered. A brief
description of Ayurvedic product based companies is provided, arranged here from
oldest to newest:
1. Dabur India Ltd. is India's largest Ayurvedic medicine supplier and the fourth
largest producer of FMCG. It was established in 1884, and had grown to a
business level in 2003 of about 650 million dollars per year, though only a
fraction of that is involved with Ayurvedic medicine.
2. Sri Baidyanath Ayurvedic Bhawan Ltd. (Baidyanath for short) was founded in
1917 in Calcutta, and specializes in Ayurvedic medicines, though it has recently
expanded into the FMCG sector with cosmetic and hair care products; one of
its international products is Shikakai (soap pod) Shampoo.
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6. Pankajakasthuri Herbals India (P) Ltd. is a foot to forge ahead with the sole
intention of ensuring harmony of body, mind and soul. The company has an
inspiring and ambitious vision for future growth. The vision 2020 targets the
systematic popularization of Ayurveda so that by 2020 every human being shall
use Ayurveda at least for meeting a part of his or her general health care needs
and healthy build up.
8. Dhathri group offers a large bouquet of branded products and services aimed at
health and well being of the individual. Today, as an Industry leader, its
products and services are enjoyed by millions across the world. The products
are prepared under stringent quality control. Authentic ingredients sourced from
traditional herbal gardens and untouched mountainsides are only used..
Dhathri's products are GMP certified and renowned for their quality and
effectiveness.
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AYURVEDA IN KERALA
The ideal geographic location of Kerala and its salubrious climate has made
external purification and rejuvenation therapies most effective for treatment of many
psychosomatic disorders.The high humidity in Kerala helps to open up the body pores
and the medicinal oils used in massaging get easily absorbed into the body there by
increasing the effectiveness of the treatment. Sirodhara, Pizhichil, Navarakizhi,
Thalapothichil, Pachakizhi and Podikizhi are some of the kerala special ayurvedic
procedures.
The fundamentals of Ayurveda being practised and taught in Kerala are not
different from those of the rest of the country, in their essence and philosophy. But in
the present days, there indeed is a notable difference in certain aspects of Kerala
tradition of Ayurveda. This difference pertains to the importance given to Vagbhata‟s
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There are several unique herbal formulations described in Kerala texts. Many
of them have now received national level acclaim and they are included in the
Ayurvedic Formulary of India. One important aspect of Kerala formulations is that the
stress is more on herbal components rather than on metals or minerals. There is also the
history of Ayurvedic physicians developing some areas of specialisations like
paediatrics, ophthalmology, martial therapy, etc.
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CHAPTER 3
COMPANY PROFILE
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The organization now offers treatment to patients suffering from eye and ear
ailments. Treatments and medicines offered for Diabetic Retinopathy, Retinitis
Pigmentosa, Macular Degeneration, Glaucoma and a plethora of other diseases, attracts
patients from not only different parts of India but also from the world. In many cases
patients approach the hospital for succor after they have lost all hopes even after
undergoing the most modern ophthalmologic treatments under modern system of
medicine.
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Many a time, the benefits of Ayurveda cannot be exposed at the international level due
to the lack of documentation about Research clinical trial even though it is possible. It
is a pity that there is no integration of various systems of medicine for effective cure
though technology has made significant strides in diagnostic tools and methods. To
meet the growing demand of Medicines and to cater to the needs of patients coming
from all around the globe and their treatments, a Modern Manufacturing Unit was setup
in 2008 with State - of - the - art Technology.
Classical Ayurvedic Formulations like Medicated Oils & Ghee, Leha and
Aqueous Herbal Extracts (Kashayam) and Proprietary Products like Sterile Herbal Eye
Drops, Hard Gelatin Capsules, Tabletsetc are manufactured incorporating Modern
Technology, without sacrificing the traditions of Ayurveda.
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CHAPTER 4
PRODUCT PROFILE
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PRODUCT PROFILE
4.1 Slimming Capsules Smartlean
Lose your weight without side effects with slimming and fitness capsules
Smartlean. This herbal and totally safe product is from Sreedhareeyam ayurvedic
pharmacy. Weight loss must occur in healthy manner. Any weight loss programme
must include the intake of nutrients and dietary requirements to combat obesity related
issues like diabetes, cholesterol, insomnia, fatigue and constipation. Sreedhareeyam
Smartlean has been formulated to fulfill these requirements. Slimming Capsules
Smartlean regulates body weight by dissolving the excess fat in your bloodstream.
Excessive oxidation multiplies the presence of free radicals in the body, leading to
weight gain. Antioxidants can regulate the presence of free radicants. Obesity can also
lead to fatal liver cirrhosis. Hepatopathic can bring the liver to normalcy. Smartlean has
ingredients to regulate intestinal gases, aid digestion and promote healthy bowel , thus
preventing a development of an unseemely paunch or protruding tummy and
strengthens abdominal muscles. Sreedhareeyam Smartlean's capsules have been
manufactured incorporating 12 natural ayurvedic substances and herbs proven to be
effective against obesityresearch.
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Salient Features of Sunetra Junior Eye Drops include ayurvedic eye care drops,
strengthen the optic nerve muscles and free them from strain. From infants to old,
everyone can use Sunetra. It comes in three different variants, each addressing the need
of a particular group. Below: Sunetra Junior (up to 17 years), specially formulated for
young, sensitive eyes.
Sunetra Regular Eye Drops Regular (17-60 years) is a comprehensive eye protector and
its regular use will safeguard the eyes. Sunetra Regular Eye Drops is available at
industry leading price.
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CHAPTER 5
ORGANISATIONAL
STRUCTURE
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Managing Director
CEO
General Manager
Store department Purchase Marketing HR Manager R&D manager Officer Finance manager
manager manager manager
Asst. mgr. Asst. mgr Asst. Mgr. Assistant Lab Staff Sr. Superior Asst. Mgr.
manager
Sr. Superior Sr. Superior Junior Mgr. Office Assistant Lab Asst. Assistant Office Assistant
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Store department keeps the raw materials finished goods, consumables and petty
purchases at the store safety. Store department is under the control of manager (store).
Procedures followed by store department are given below:-
1. Receipts
a. All items upon receipt are checked agai nst bill and purchased orders.
b. The stock registers are updated systematically.
c. In case of rejection, items are promptly returned to the customers.
2. Issue of items
a. All items are stored in racks and properly tag. Items are issued on FIFO basis.
b. Items are issue against demand and issue voucher. It is ensured that demand
and issue voucher is complete in all respect before issue.
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The planning and coordination department make the production plan and
schedule based on the requirements of the marketing department. And it will forward
to the purchase department. Purchase department purchased all materials except
medicines, canteen consumable and petty purchases. Assistant manager of purchase
and two other staff are concerned with the purchasing process. Procurement is always
on the basis of the requirement or needs. Tenders or quotations are invited from suitable
vendors for materials of regular use. „Just in time‟ is the buying technique practiced
for purchasing raw-material for immediate and periodic requirements. They check and
approve vendor‟s invoice for payment.
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This department conduct the medical camp for marketing their services. These camps
are organized with following objectives. Responsibility of marketing is under the
control of general manager. Procedure followed for conducting the camp.
1. Plan is prepared for conducting the camp
2. Making necessary arrangement for camp.
3. Publicity o the camp is given through local newspaper and other media.
4. Customers follow up: - included customers feedback. On the basis of feedback
taking necessary measure if any improvement required.
The medicines required for the market is transferred to the four area business
offices and supplies are made to the agencies or other outlets from these depots.
Commercial officers are in charge of inventory management, debt management, finance
management and other administrative aspect in these are business offices and the
logistic staffs who helps them to make packing deliveries.
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5.2.4.1 Training
Training involves helping an individual to learn how to perform his job
perfectly. The probation period of workers Sreedhareeyam is up to six months. Training
is the act of increasing the knowledge and skill of an employee for doing a particular
job. In Sreedhareeyam, fresh hands will be selected as trainee for a period of one year.
Also for existing employees, refresher training by way of lectures, education, class,
external training are being conducted. Sreedhareeyam provide training to the
employees on the basis of the feedback given by them.
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Normally the probation period in Sreedhareeyam is only for six months. At the
end of probation period, the same department decides about regular position in the same
department and decides about the regular position of the same in the company by
verifying the performance during the probation period
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2. Employee records
Personal records includes:
a) Employment history
b) Medical reports
c) Contracts of employment
d) Attendance records and payroll
e) Training records
f) Employee ratings
g) Leaves, transfer and promotion
h) Accidents and sickness records
i) Industrial disputes and grievances.
• Medical Reimbursement
All employees are eligible for medical reimbursement scheme. This
scheme also extends to family members. The amount of this benefit
depends on the term of service of each employee. Unutilized benefit can be
carried forward for a period of three years.
• Benefits of ESI
In Sreedhareeyam, insured person or member of the family is entitled to
receive medical benefit free of cost whenever he fall sickness.
• Other benefits
a) Washing Allowance In Sreedhareeyam, workers, at tenders, watchman and
drivers are given Rs.40 per month as washing allowance
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b) Stitching allowance
Workers are given Rs.400 per year as stitching allowance of two pair uniform
provided by the company.
c) Soap
3/4 bar soap is given to all workers once in two months.
d) Uniform
Once in every year 10 meter uniform cloth will be issued to all permanent staff
during the month of January,
e) Shoes
One pair shoe is given to all permanent workers every year in the month of July.
All technical, dispatch stores tools; supply to agency and laboratory staff is
given a pair of shoes.
f) Canteen Facilities
Sreedhareeyam is providing following facilities in canteen, Lunch/dinner - 90%
from management 10% Employees, Snacks/Breakfast/tea - 90%management
10%Employees are given cup of tea daily. The personnel department is caring
all operation connected to canteen coupons, arranging food supplies, etc.
g) Provident Fund
All employees of Sreedhareeyam Ayurvedic Products Pvt. Ltd are eligible to
get 12% share of the P.F. contribution from the employer to make a total 24%
on basic pay.
h) Bonus
After finalizing the book of accounts in each year company is giving a yearly
bonus.
i) Travel Concession
For workers -Rs.350 is allowed in a block period of one year. For executive -a
minimum of Rs.1200 and a maximum Rs. 3400 is allowed on earning slabs
depending on scale in a block period of one year.
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k) Health
The company tasks necessary steps regarding the health of workers by covering
them under ESI Act. Company is maintaining with respect to environment
protection and efficient disposal practices.
i) Trade Unions
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i
Maintenance department‟s objective is to mainta n the infrastructure of the
department and the preventive and breakdown maintenance of all critical equipments.
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The firm uses agencies for retailing their products. It is also cost reduction
method. Because they need not worry about retail out lets. To reduce the cost for the
labors they are using the hired laborers at the time of high demand or need large
production or they are using three shifts instead of two shift. In these ways they reduce
the cost of recruiting and selecting the new employees.
Waste Disposal
Like all other medicine manufacturing industry it has also producing some
waste, but that are only biological waste. In the production of the Ayurvedic medicine
the materials are only natural, mostly, roots, leaves, fruits, and skin of plant, flowers,
spices, sugar, milk etc. so the wastes are not harmful to the nature. The waste can be
used as natural fertilizers. And some of the wastes are in the form of water, and the firm
has a treatment plant of disposing the waste. The medicine-manufacturing firm should
keep the surroundings clean then only they can make the products hygienically. So the
waste disposal functions efficiently and effectively.
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R&D Manager
Lab Staff
Lab Asst
• Krithams
o Medicated oils;-
o Gingery oil
o Coconut oil
o Kuzhambu
o Caster oil
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• Lehyamy
• Churnams
• Kashayams
• Gulika.
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Quality policy
1. Quality of products
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Sirodhara
Tarpanam
Minitarpanam
NetraSekam
MarsaNasyam
PratimarsaNasyam
Kizhiswedham
Responsibility for the treatment lies under the supervision of chief medical
officer. They have both in patients and out patients. The junior Doctors visit the ward
every morning and interact with the patient and enquire about their ailment and inform
the same to the senior Doctor.
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dependent factor of the production planning. For example the rainy season, in this
season the Ayurvedic medicines have a very good demand. So the company adjusts the
production accordingly. The export of the medicine is also a factor for the planning.
Competitions are another factor of the control of production. Depending up on the price
of the raw materials the production can be controlled.
The maintenance department checks each machinery yearly and they repair it if
necessary. A technician is working under the maintenance department for doing the
maintenance work, is called the „Maintenance Officer‟. Corrections of machineries are
given to outside contractors. Production department of the company is responsible for
the entire production process, stores, research and development and quality control. The
deputy manager of Sreedhareeyam co-ordinates the functions of the production
department.
b) Production facilities
The plant is equipped with modern machines and operations are organized
under the watchful eyes of talented physicians and health scientists. Production and
manufacturing facilities are fully geared for the mass production of ayurvedic
medicines in strict adherence to ancient ayurvedic scriptures. Incorporation ofmodern
technology for mass production and upholding traditional value make the facilities
well-integrated synthesis of tradition and modernity.
Raw Drugs
Commercial Items
Oils
The raw materials and other items are transferred to the store and the issues of these
items are done from there.
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Finance is the life blood of business. The main objective of the finance
departments is to utilize the fund at most effective manner in order to maximize the
return. This department is under the control of Finance manager. The various activities
covered under this department are:-
Budgeting
Accounting
Auditing
Taxation
Cost allocation
Payroll
Investment
Statutory reports
The organization of finance function for a Business depends on the nature, size,
financial system and other characteristics of a firm for a small business, no separate
officer is appointed for the finance function. Owner of business himself look after the
functions of finance including the estimation of requirements of funds, preparation of
cash budget and arrangement of required funs, examination of all receipts and
payments, preparation of credit policy and collecting debtors.
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CHAPTER 6
SWOT ANALYSIS
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STRENGTHS
• Good Management
WEAKNESS
• Indian scenario
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OPPORTUNITIES
THREATS
• Competitors like
Kottackal, Nagarjuna
• Depletion of
medicinal plants
• Standardizing the
products/process
• Inadequacies in
existing patent laws
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6.1.1) Strengths
• Good Management
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• Product quality
Quality and authenticity -that's the motto at our state -of -art manufacturing unit.
Ancient, traditional Ayurvedic medicines are manufactured using the latest
equipment and aseptic production processes. Raw materials are stringently tested
and good Manufacturing Processes are followed at all stages of production.
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6.1.2) Weakness
• Indian scenario
The company has to maximize its efforts to promote its high quality products.
Advertisements, regarding their products, are less compared to other
competitors. Though it is an effective cost cutting strategy, every product‟s
life depends on its promotion techniques. Keeping it to minimum can cause
in repairable damage to the product life cycle.
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6.1.3) Opportunities
Eyes being one of the most important organs in Ayurveda, all five elements play a
role in maintaining eye health. Earth (prithivi) governs the muscular part of the
eye, fire (tejas) rules the blood vessels, air (vayu) governs the color, water (apu)
dominates the white area, and space (akasha) controls the tear ducts and channels.
According to ayurvedic studies, eye problems are caused by upsetting of one of
the three doshas namely an imbalance in vata, pitta or kaphadoshas. Rediscovery
and research in this concept can open up various opportunities.
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2,000 medicinal and aromatic plants are used on a commercial basis. Most buyers
are not interested in plant material, but in plant extracts. There are only a few
developing countries which are able to supply extracts conforming to the
requirements of western industry. The leading developing country suppliers of
medicinal & aromatic plants are China, India, Chile, Morocco, Turkey, Egypt and
Albania.
The major market is Europe, accounting for some 38% of the world market. The
leading European market is Germany, accounting for over 50% of the European
market, followed by France, the United Kingdom and Italy.
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6.1.4) Threats
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Inadequacies in the Intellectual Property Regime are of great relevance when the fact
of community ownership and secretive nature of Traditional medicine is considered.
In addition to this, in the case of traditional medicine, like Ayurveda, how the grass-
root innovations, which have high commercial significance, can be protected and
equally shared is of major concern. Though we have some successful examples like
Jeevani , at present, the requirements for protection provided under international
standards of patent law and most national patent laws are inadequate to protect
traditional knowledge and biodiversity.
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6.2 FINDINGS
The Findings of the study are on the basis of analysis and interpretation of data
obtained from the respondents by the way of interview and observation of the
researches during the course of the study.
1. Satisfaction of employees
All of the employees are satisfied with the work environment provided by the
organization. The HR department does provide for all requirements as per
Indian labor law.
The acid test ratio, current ratio analysis shows that the company is using all
its assets at optimum proportion to its liabilities. The trend analysis shows
great increases in sales for next year.
The company is also involved in many welfare activities like free medicine,
concession of lunch& breakfast, transport facilities etc.
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6.2 SUGGESTIONS
The organization should expand export opportunities, so a bit more
promotional activities should be included.
Fill the existing vacancies.
Job enlargement and enrichment provide opportunity to overcome
monotony fatigue, disinterest and create an environment to satisfy higher
order needs-, these leading to higher morale. Each employee must be
given industrial carrier growth path in the organization. This will improve
commitment and morale of the employees.
Diversification of products and service is essential for the success.
Introduce advanced technology for production.
Incentive system should be encouraged.
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CONCLUSION
The organization study gave immense knowledge about the various functions
of Sreedhareeyam Ayurvedic Products Pvt. Ltd. It was an opportunity to peep in to the
details of its various departments which ultimately revealed that the sincerity and
dedications of the employees were the major success factor.
The company is enjoying both the benefits of the small scale industry as well as
the company form of the organization. The company has certain concession for
exporting, which is one of the most important activities. Sreedhareeyam is a capital
intensive and power oriented project in the small scale sector promoted with the
objective of rural development. All these factors throws light on the fact that the
company can undoubtedly reach more and more prosperity in the future years and it
began throwing the shadows of future plans to become the 1st in India.
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BIBLIOGRAPHY
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