CHAPTER-1

Company Profile

Shriram Piston & Rings Ltd. develops, manufactures and sells pistons, pistons ring, pins
and engine valves for OEMs. The company offers diesel and gasoline pistons. They also
provide replacement parts to automotive workshops, repair shops and service stations. The
products are used in automobile vehicles.

The company was incorporated in 1972 and is headquartered in New Delhi, India. Shriram
Pistons & Rings Limited is a subsidiary of SPR International Auto Exports Ltd. Shriram
Pistons & Rings Limited manufactures and sells automotive components in India and
internationally. The company offers pistons, piston pins, piston rings, and engine valves. Its
products are used by passenger vehicle, two/three wheeler, commercial vehicle, tractor, and
industrial engine manufacturers.

SPR is recognized by almost all OEMs in India and several OEMs in Europe and Asia, as a
dependable partner of supply of Euro III ,IV and V Pistons, Pins, Pistons Rings and engine
valves.

The company has the capability to design, develop and validate and manufacture finished
products for OEMs in India at its tech centre with 50+ designs and engineering professionals
trained by its technology partners in concept design, FEA, stimulation, rig testing, prototype
development, engine testing and analysis.
Milestones
1972

 Year of incorporation and sales turnover - Rs 3 million

 Technical collaboration with KS KolBenschmidtGmbh, Germany

1978

 Technical collaboration with Riken Corporation , Japan

1989

 Technical collaboration Honda foundry Co.Ltd , Japan

1993

 Sales turnover of Rs 500 million

 Technical collaboration with Fuji Oozxinc, Japan
 Commencement of engine valves manufacturing

1994

 Received ISO 9001 Certificate from TUV Germany

1995

 Start of manufacturing – steel rings

1996

 Sales turnover of 1000 millions

1999

 Received QS9000 certificate from TUV Germany

2001

 Received ISO 14001 certificate from DNV, Netherland

 Achieved production of 2 million rings per month- December 2000
 Sales turnover of Rs-2000 million
2004
 Received TPM excellence award from JIPM japan (first in its category to achieve this
award)
 Sales turnover of Rs 3000 million

2006

 Established three new piston marching lines to meet the requirement from global OEMs
(Ford,Renaultetc)
 Achieved production of 1 million Engine valves – September 2005

2007

 Received TPM special award from JIPM japan (first in its category to achieve this award)
 Sales turnover of Rs 5000 million

2008

 Received certification of Q1 from Ford motors

 Recognition of in-house R&D by center of DSIR ( Department Of Scientific & industrial
research, Government of India.
 Start of Manufacturing – IP rings
 Achieved production of 1 million Pistons per month – January 2008
 Achieved production of 5 million Rings per month – February 2008

2009

 Started manufacturing of large dia engine valves for railways and off road vehicles.

2010

 Sales turnover of Rs 7500 million

 SPR becomes the largest manufacturer of Pistons rings in india and started manufacturing
CPC rings
 Achieved production of 2 million engine valves per month – July 2009

2011

 Started production at Pathredi plant Rajasthan

2014

 SPR inaugurates tech center on February 2014

 SPR opens a new sales office in Chennai on 28th October 2014
2015

 Became OEM supplier of JLR

2016

 Achieved milestone turnover of 14100 million Rupees

Management team
 Shri A.K. Taneja - Managing Director & CEO
 Shri R. Srinivasan - Joint Managing Director & Company Secretary
 Shri V.K. Jayaswal - Executive Director
 Shri Devendra Mishra - Executive Director
 Shri JenenderAnand - Executive Director
 Shri Naveen Agarwal - Dy. Executive Director
 Shri Arun Shukla- Dy. Executive Director
 Shri Vinod Raheja - Dy. Executive Director & CFO
 Shri Rajan Nanda - Dy. Executive Director
 Shri Sandeep Kalia - Dy. Executive Director

Advisors

 Shri Rakesh Anand, Advisor

 Shri P.S. Ladiwala, Advisor

 Shri Anil Gadi,Advisor

Bankers

 UCO bank
 CITI bank
 Corporation bank
 HDFC bank
 State Bank of Hyderabad
 HSBC bank
 IDBI bank
 AXIS banl
MAIN PRODUCTS MANUFACTURED BY SHRIRAM PISTONS & RINGS
LIMITED

1.PISTONS

A piston is a component of reciprocating engines, reciprocating pumps, gas

compressors and pneumatic cylinders, among other similar mechanisms. It is the moving
component that is contained by a cylinder and is made gas-tight by piston rings. In an engine, its
purpose is to transfer force from expanding gas in the cylinder to the crankshaft via a piston
rod and/or connecting rod. In a pump, the function is reversed and force is transferred from the
crankshaft to the piston for the purpose of compressing or ejecting the fluid in the cylinder. In
some engines, the piston also acts as a valve by covering and uncovering ports in the cylinder
wall.

2. PISTONS RINGS

A piston ring is a split ring that fits into a groove on the outer diameter of a piston in
a reciprocating engine such as an internal combustion engine or steam engine.

The three main functions of piston rings in reciprocating engines are:

1. Sealing the combustion chamber so that there is minimal loss of gases to the crank case.
2. Improving heat transfer from the piston to the cylinder wall.
3. Maintain the proper quantity of the oil between the piston and the cylinder wall
4. Regulating engine oil consumption by scraping oil from the cylinder walls back to the
sump.

The gap in the piston ring compresses to a few thousandths of an inch when inside the cylinder
bore. Piston rings are a major factor in identifying if an engine is two stroke or four stroke. Three
piston rings suggest that it is a four stroke engine while two piston rings suggest that it is a two
stroke engine. Most piston rings are made of a very hard and somewhat brittle cast iron.

3. PISTONS PINS

In internal combustion engines, the pin connects the piston to the connecting rod and provides a
bearing for the connecting rod to pivot upon as the piston moves. In very early engine designs
(including those driven by steam and also many very large stationary or marine engines), the
gudgeon pin is located in a sliding crosshead that connects to the piston via a rod. A piston pin is
a pivot or journal

4. ENGINE VALVES

Every cylinder in an internal-combustion engine contains one intake valve and one
exhaust valve. Both valves open and close internal passages in the cylinder head. The
intake valve is the larger of the two valves. It controls the flow of fuel into the combustion
chamber.

A multi-valve engine design typically has three, four, or five valves per cylinder to achieve
improved performance. Any four-stroke internal combustion engine needs

at least two valves per cylinder: one for intake of air and fuel, and another for exhaust of
combustion gases.
 CUSTOMERS OF SHRIRAM PISTONS

DOMESTICS OEMS (ORIGINAL EQUIPMENTS MANUFACTURERS)

1. PASSENGER VEHICLES

 Ford

 Honda cars

 Mahindra & Mahindra

 Maruti Suzuki

 Nissan

 Suzuki powertrain

 Tata Motors

2. TWO/THREE WHEELERS

 Bajaj Auto

 Hero Motocorp

 Honda Motorcycles & Scooters

 Suzuki Motorcycle

 TVS Motors

 India Yamaha Motors

3. COMMERCIAL VEHICLES

 Ashok Leyland

 Daimler India

 Mahindra & Mahindra

 SML Isuzu

 Tata Motors

 Tata Cummins

 VE Commercial Vehicles

4. TRACTORS

 HMT

 Mahindra & Mahindra

 Mahindra Swaraj

 New Holland

 International Tractors

 Tafe

 Escorts
 5. INDUSTRIAL ENGINES

 Cummins
 Greaves
 Honda Siel Power Products
 Kerala Agro
 Kirloskar
 Lombardini
 WABCO

GLOBAL OEMS (ORIENTED EQUIPMENT MANUFACTURERS)

A map showing the global OEMS of Shriram Piston and Rings Ltd. Is given at the next page-
 SALES AND SERVICES

1. Jalandhar (godowns)

2. Ghaziabad (plants)

3. New delhi (godowns, Head office, Regional sales office)

4. Gurgaon (godowns)

5. Sahibabad (godowns)

6. Pathredi (plant)
7. Patna (godown)

8. Ahmedabad (godown)

9. Indore (sales office, godown)

10. Kolkata (Regional sales office, godown)

11. Pune (Regional sales office, godown)

12. Hyderabad (godown)

13. Bengalore (Regional sales office, godown)

14. Chennai (Regional sales office, godown)

15. Jaipur (godown)

COMPETITORS OF SHRIRAM PISTONS

1. Federal Mogul Limited

2. Menon pistons limited

3. Banco produxts india limited

MAJOR TRANSPORTER USED BY SPRL

1. Om logistics (All over India)

2. ABT travels/ AB logistics (only for NCR)

 Gurugram

 Manesar

 Alwar
 3. Prakash parcel (local places)

 Noida

 Ghaziabad

 Sahibabad etc… .

4. BSLX limited only for Tata Cummins Ltd., Jamshedpur.

5. Nominent transporter- This is the transport send by the customer themselves to pick up
the products from the company.

CSR Policy

 SPR’s Policy is to conduct its business responsibly, and improve the quality of life of people,
especially in the society close to our area of operation, while creating long term value for all
stake holders.
 The above policy is applicable for all CSR projects/programmes undertaken by the company
The company has undertaken CSR projects and programmes listed in Schedule VII of the
Companies Act, 2013 in the following areas:
 Education
 Health Care
 Sanitation
 Environment
 Rural development
 Any other areas as approved by the CSR Committee/Board

CSR Budget

 Every year, the company is required to spend at least 2% of the average net profits made by the
company during immediately preceding 3 financial years.
 Projects aimed at persons from disadvantageous background or persons who are differently abled
have priority.
 Based on the recommendation by the CSR Committee to the Board every year, the Board
considers and approves the CSR Plan for the year.
 Any surplus arising out of CSR activities does not form part of business profits of the company
and forms part of CSR corpus.
 The company has spent Rs.56.6 Million during last 3 years on CSR Projects and Programmes as
follows:-

Amount
Year
(Rs./Million)

2015-
6.58
16

2016-
18.50
17

2017-
31.52
18

 The main projects and programmes undertaken by the company are as follows: -
Education
1. Adoption of one Senior Secondary Government Girls School and two Government Primary
Schools
2. Two Vocational Training Centres for women for their empowerment.
3. Diploma Courses for 10th / 12th pass students enabling them to get employment.
 Health Care

1. Four charitable dispensaries and a Mobile Medical Van to provide medical care to the needy.
2. Organising Health Care/Preventive/Yoga/Blood Donation Camps etc.
3. Provision of drinking water by installing Hand Pumps and Water Coolers etc.

Environment

1. Development of Park and other areas.

2. Rain water harvesting
3.

Sanitation

1. Building of toilets

Implementation
 A Central Dep’t. has been created for implementing CSR activities across the company
supported by adequate personnel at Plants.
 The CSR activities are implemented in any of the following manner:-
o Directly
o Collaborating with various organisations, which are registered as a Trust or a Section 8 company
or Society or NGO or any other entity specialising in CSR activity.
o Collaborating with other companies or industry bodies like CII, FICCI, etc.
o Contributing to various funds permitted under the Companies Act, 2013.
 The CSR activities are carried out in a transparent and time bound manner.
 Monitoring
 After the CSR plan is approved by the Board, the CSR cell takes steps for implementation of the
CSR activities.
 The progress on implementation of CSR activities are reviewed by a Committee under the
Chairmanship of Managing Director.
 The CSR Committee reviews the progress on implementation of CSR activities on annual basis
and submits progress report to the Board.

CSR Awards Received

 Bhamashah Samman given by Rajasthan Govt. for the years 2015 and 2016 for CSR
projects/programmes undertaken in the field of education.
 CSR Excellence Award 2017 given by Rajasthan Government for Industry, Innovation and
Infrastructure.

Awards and recognition

 Awards from Cummins Category Partner

In Appreciation of superior performance with a commitment to deliver value, Cummins

is pleased to award the status of Category Partner to Shriram Pistons & Rings Ltd.

 Award for Export Excellence - Northern Region (EEPC INDIA)

 Certificate of Excellence - Star Performer (EEPC INDIA)
 Award for Star Performer (EEPC INDIA)
 TPM Special Award for Achievement (JIPM)
 TPM Award for Excellence (JIPM)
 Award for Cost Competitiveness (Honda Motorcycle & Scooter)
 Award for Best Supplier - Engine Proprietary (Swaraj Mazda)
 Silver Award for Quality (Bajaj Auto)
 Gold Award for Quality (Honda)
 Award 2016 for Innovation
 Bronze Award for Quality (Bajaj Auto)
 Winner - Quality Co-Creation Competition(Mahindra & Mahindra)
 Award for Vendor Performance (Suzuki Motorcycle)
 Derisking Award (Maruti Suzuki)
 1st Runner Up - Quality Co-Creation Competition (Mahindra & Mahindra)
 Bronze Award for Quality (Bajaj Auto)
 Award for participation -VendorConference (Maruti Suzuki)
 Annual Commodity Award for Engine Proprietary - Farm Division (Mahindra &
Mahindra)
 Award for Vendor Performance (Suzuki Motorcycle)
 Silver Award for Overall Performance (MarutiSuzuki)
 Award for Best Initiative on Sustainability (Cummins)
 Award for Super Performance (Maruti Suzuki)
 Award for participation -Vendor Conference (Maruti Suzuki)
 Annual Commodity Award for Engine Proprietary - Farm Division (Mahindra &
Mahindra)
 Silver Award for Overall Performance (Maruti Suzuki)
 Award for Best Initiative on Sustainability (Cummins)
 Award for Super Performance (Maruti Suzuki)
 Grand Award for QCDDM (Honda Motorcycle & Scooter)
 Award for Human Resource Initiatives (Maruti Suzuki)
 Award for Vendor Performance - Quality (Suzuki Motorcycle)
 Award for Outstanding QCLDM Performance
 Award for Outstanding Contribution - Supply Chain Management (VE Commercial
Vehicles)
 Award for Overall Contribution - Supply (Renault Nissan)
 Award for Performance (Honda)
 Award for Good Quality Performance (Wabco)
 Award for Outstanding Performance (Mahindra & Mahindra)