Mission Statement, Vision, & Core Values (2025) of Kesoram Industries Limited.

An Overview of Kesoram Industries Limited

General Summary of Kesoram Industries Limited

Kesoram Industries Limited, established in 1919, is a diversified company based in India. Originally a tire manufacturing company, Kesoram has expanded its portfolio to include cement, rayon, and other industrial products. The company's tire division is noted for its sizable market share, catering to both domestic and international markets.

As of 2024, Kesoram's sales figures reflect its robust performance in various segments. The company reported total sales of approximately ₹8,500 crore, with the tire division contributing around ₹5,200 crore and cement accounting for ₹3,200 crore.

Company's Financial Performance in the Latest Financial Reports

In the fiscal year 2023-24, Kesoram Industries Limited achieved record-breaking revenue, with a 15% increase year-over-year. The company’s EBITDA reached an impressive ₹1,200 crore, driven by the main product sales in both tire and cement sectors.

The breakdown of revenue sources shows resilience and market penetration:

Geographically, Kesoram has expanded its footprint significantly, particularly in emerging markets. International sales accounted for 20% of total revenue, primarily driven by demand in Southeast Asia and Africa.

Kesoram as a Leader in the Industry

Kesoram Industries Limited stands as one of the leading companies in the tire and cement industries in India. The company prides itself on innovation, quality, and sustainability, which have helped it maintain a competitive edge. Kesoram's strategic investments in technology and capacity enhancement have positioned it as a formidable player in the marketplace.

To understand the underlying factors contributing to Kesoram's success, including its commitment to customer satisfaction and operational efficiency, readers are encouraged to explore more detailed aspects of the company's vision and core values.

Mission Statement of Kesoram Industries Limited

Mission Statement of Kesoram Industries Limited

Kesoram Industries Limited is a diversified company with a mission statement emphasizing quality, sustainability, and customer satisfaction. These key elements embody the organization's long-term goals, shaping its strategic direction and operational priorities. The mission statement serves as a foundational guideline, steering the company's initiatives in various sectors, including textiles, cement, and other industries.

Core Component 1: Commitment to Quality

A pivotal aspect of Kesoram's mission is its unwavering commitment to delivering high-quality products. The company strives to achieve excellence across all its offerings, which is evidenced by its continuous investments in technology and innovation.

• In FY 2022-23, Kesoram invested ₹200 crores in upgrading its manufacturing facilities to enhance product quality.
• The cement division reported an operating margin of 18%, highlighting its focus on superior quality standards compared to the industry average of 15%.

Core Component 2: Sustainability Practices

Sustainability is integral to Kesoram's mission, reflecting its commitment to environmentally responsible practices. The organization implements several initiatives to reduce its carbon footprint and promote sustainable development.

• The company has reduced CO2 emissions by 20% over the past three years, surpassing the industry reduction rate of 15%.
• Kesoram's cement plants utilize 25% of alternative fuels in their production processes as part of its sustainable strategy.

Core Component 3: Customer Satisfaction

Customer satisfaction is a core element of Kesoram's mission statement. The company actively engages with stakeholders to ensure that it meets and exceeds customer expectations.

• In its latest feedback survey, 90% of customers reported being satisfied with Kesoram's products and services.
• The company achieved a Net Promoter Score (NPS) of 70, which is significantly higher than the sector average of 50.

Vision Statement of Kesoram Industries Limited

Vision Statement Overview

Kesoram Industries Limited aims to establish itself as a leading player in various sectors, including cement, textiles, and manufacturing. The vision is to achieve sustainable growth while enhancing stakeholder value.

Commitment to Sustainable Development

The company envisions a future where its operations contribute positively to the environment and society. In 2023, Kesoram Industries reported a reduction in carbon emissions by 12% compared to the previous year, showcasing its commitment to sustainability.

Technological Advancement

Kesoram Industries aims to leverage advanced technologies to improve operational efficiency. In 2023, the company invested approximately INR 300 crore in upgrading its production facilities, leading to a 15% increase in productivity.

Market Leadership

By expanding its market reach, Kesoram aims to be among the top three players in its sector by 2025. As of the end of 2023, the company held a market share of 8% in the Indian cement industry, positioning itself for growth.

Customer-Centric Approach

The vision emphasizes building long-term relationships with customers by providing high-quality products and services. The company has achieved a customer satisfaction rate of 92% in its recent surveys.

Innovation and Research

Kesoram Industries is committed to fostering a culture of innovation. In 2023, the R&D investment reached INR 50 crore, resulting in the launch of three new products aimed at enhancing operational performance.

Core Values of Kesoram Industries Limited

Integrity

Integrity is a foundational core value at Kesoram Industries Limited. It emphasizes honesty, transparency, and ethical practices across all functions of the business.

In 2023, Kesoram reported a consolidated revenue of ₹5,125 crore, showcasing a commitment to transparency in financial reporting. The company conducts regular audits and has incorporated strict compliance measures to ensure ethical standards are maintained.

Kesoram has implemented a robust whistleblower policy that encourages employees to report unethical behavior without fear of retaliation. In 2023, the company received 6 complaints related to ethical practices, all of which were thoroughly investigated and resolved.

Innovation

Innovation is vital for Kesoram to sustain a competitive edge in the industries it operates in, including tire manufacturing and cement production.

In 2023, the company invested ₹150 crore in research and development, focusing on developing environmentally friendly manufacturing processes. This investment led to the introduction of a new range of eco-friendly tires, which contributed to 15% of total tire sales in the same year.

Additionally, Kesoram launched a digital transformation initiative, enhancing operational efficiency which resulted in a 10% reduction in production costs within the first year of implementation.

Customer Centricity

Customer centricity underscores Kesoram's commitment to delivering value to its customers through exceptional service and product quality.

In 2023, customer satisfaction ratings increased to 92% according to internal surveys, reflecting the company's dedication to addressing customer needs. Kesoram established a dedicated customer service unit that resolved 95% of inquiries within 24 hours.

The launch of the online platform for tire purchases in early 2024 resulted in an increase of 30% in direct sales, further illustrating the company's focus on enhancing customer experience.

Environmental Responsibility

Kesoram prioritizes environmental responsibility in all its operations, aligning with global sustainability goals.

In its 2023 sustainability report, Kesoram stated that it reduced carbon emissions by 20% through the implementation of cleaner technologies in its cement manufacturing processes. The firm aims to achieve a 25% reduction in emissions by 2025.

Moreover, the company has invested ₹50 crore in waste management initiatives and aims to recycle 30% of its materials by 2024.

Community Engagement

Kesoram believes in contributing to the communities where it operates, enhancing its social responsibility.

In 2023, Kesoram initiated several community development programs with an investment of ₹20 crore. These programs focused on education, health care, and infrastructure improvements. Over 10,000 individuals benefited from these initiatives in the last year alone.

The company's employee volunteering program saw participation from 1,200 employees, resulting in over 15,000 volunteer hours dedicated to local projects.