A

Project Report
On
TORRENT POWER

Towards partial fulfillment of the requirement of the

BACHELOR OF BUSINESS ADMINISTRATION
Programme of Gujarat University

Submitted to:-
Som-Lalit Institute of BusinessAdministration,
(affiliated to Gujarat University)

Guided by:- Prof Parin Shah

Submitted By:-Tanay kanani k.

Roll number:-50
Division:-BBA-4
 CERTIFICATE
I tanay kanani , hereby certify that the work which is being
presented in this Project Report in partial fulfillment of the
requirements of BBA Programme and submitted to Som-Lalit
Institute of Business Administration is an authentic record of my
own work carried out during fourth semester. The matter
presented in this Project Report has not been submitted by me for
the award of any other degree elsewhere.

Place: AHMEDABAD
Date: Signature

PROJECT INCHARGE PRINCIPAL

 PREFACE
As BBA studentsour aim should not be only to learn theoretical concepts in
the classroom, but it becomes more important as how we apply those
concepts in practices. In present scenario the world is developing so fast,
and thus the technological and application theory is changing at a greater
phase. The study inculcates students to think out of the box. We come
across many modern theories and implementation of machineries, to start
new business or improving working of a present organisation. We must
have the knowledge of both theory and practical, through it, the student can
know about how to apply their mind in the real business world.

The vary purpose of industrial visit is to create awareness about the

industrial environment among the students. The importance of industrial
visit and project preparation has been widely accepted in the education
institutions. Thus knowing the importance of such practical visit, our college
is providing with such a programme to enhance the overall development of
the [Link] power. gave me the golden opportunity to carry out my
visit in such a great organization. I have prepared the detail report on this
visit. I have tried my best to collect all necessary information relating to the
project work.
 ACKNOWLEDGEMENT
This project is done as a semester project, as a part of Gujarat University
BBA programme. I am really thankful to my instructor Prof Parin Shah,
Som-Lalit Institute of Business Administration, Ahmedabad, for his valuable
guidance and assistance, without which the accomplishment of the task
would have never been possible. I am also thankful to him for giving this
opportunity to explore into the real world and realize the interrelation of
business and economics, without which a society can never progress.

Without the help of managers at torrent power this Industrial Tour would not
have been a learning experience. Finally I would like to thank out college
and our principal Prof Shri K J Patel whose constant efforts are helping us
all grow.
NO. TOPICS PAGE
NO.
INTRODUCTION OF INDUSTRY
1. [Link]
[Link] GROUP
[Link] OVERVIEW
2.U N MEHTA-FOUNDER
[Link] INVESTMENT [Link].
[Link] PHARMACEUTICALS
[Link] OF DIRECTORS
[Link] OF BOARD OF DIRECTORS
[Link] COMMITTEE
[Link] AND REMUNARATION COMMITTEE
[Link] RELATIONSHIP COMMITTEE
[Link] SOCIALRESPONSIBILITY AND SUSTAINABILITY
COMMITTEE
[Link] OF DIRECTOR
[Link] MANAGEMENT COMMITTEE
2. COMPANY PROFILE

3. HUMAN RESOURCE DEPARTMENT

[Link] OF INDUSTRIES.

[Link].

 Torrent Power is one of the leading brands in the Indian power sector,
promoted by the Rs. 21500 Crore Torrent Group – committed to its mission
of transforming life by serving two of the most critical needs - healthcare
and power. It is an integrated power utility and is one of the largest private
sector players in India having interests in power generation, transmission,
distribution and manufacturing and supply of power cables.

 Torrent Power foresaw the prospects in the power sector much before the
liberalization, when it took-over and successfully turned around an ailing
power cable company Mahendra Electricals, renaming it as ‘Torrent Cables
Ltd.’ (now merged with Torrent Power Limited w.e.f. 1st April, 2014). The
high points of Torrent’s foray into power however were the acquisitions of
two of the India’s oldest utilities – The Surat Electricity Company Ltd and
The Ahmedabad Electricity Company Ltd. Torrent turned them into first
rate power utilities, in terms of operational efficiencies and reliability of
power supply.

 Torrent ranks amongst the best run power utilities in the country with
highly efficient generation assets. It has a portfolio of coal based, gas based
 and renewable power plants with an aggregate generation capacity of 3879
MW. The gas based plants of the Company possess greater environmental
value with state of the art technology and in-built efficiency enhancing
design features.

 The Company distributes power to over 3.8 million customers annually in

its distribution areas of Ahmedabad, Gandhinagar, Surat and Dahej SEZ and
Dholera SIR (Gujarat), in Bhiwandi, Shil, Mumbra and Kalwa (Maharashtra),
Agra (Uttar Pradesh) and in Union Territory of Dadra & Nagar Haveli,
Daman and Diu. The T&D loss in license areas of the Company is amongst
the lowest in the country. The Company offers highly personalized and
innovative customer services that incorporate various convenience
features.

 Torrent Power created history by entering into the country’s first

distribution franchisee agreement with Maharashtra State Electricity
Distribution Company Limited for Bhiwandi Circle in December 2006. In
2009 it was awarded the distribution franchise for Agra in Uttar Pradesh.
The significant reduction in AT&C losses in both Bhiwandi and Agra is a
testimony of Company’s operational efficiency. During FY 19 the Company
was awarded distribution license for Dholera Special Investment Region
(Gujarat) and distribution franchise for Shil, Mumbra & Kalwa (SMK) area
(Maharashtra).In FY 21 Torrent Power emerged as a successful bidder for
51% stake in licensed distribution operations in Union Territory of Dadra &
Nagar Haveli, Daman and Diu.

 From establishing a prominent presence in the generation sector through

thermal and renewable generation - to creating a link to the distribution
utilities through an effective transmission network - to reaching the end
consumer with uninterrupted power supply and 24X7 customer care
 initiatives through its distribution network, Torrent Power has proven its
mettle as an integrated power utility.

 The Company is likewise committed to the cause of social service and is

repeatedly channelizing a part of its resources and activities, such that it
positively affects the society. As a part of its CSR initiatives, the Company
makes concentrated efforts in the fields of Community Healthcare,
Sanitation & Hygiene, Education & Knowledge Enhancement and Social
Care & Concern.

[Link] GROUP.

[Link] OVERVIEW.

 The Torrent Group, founded by Late Mr. U. N. Mehta in 1959 and

currently lead by Mr. Sudhir Mehta and Mr. Samir Mehta, is a driving
force dedicated to transforming life.

 It was four decades ago that Mr. U. N. Mehta embarked on a journey

called Torrent for a simple cause and a unique sense of purpose -
‘Happiness for All’. A medical representative with an exemplary
vision, he ventured out on his own by making niche marketing as his
core competency. And the rest, as they say, is history.

 Torrent lives up to the literal meaning- ‘Rushing Stream’, especially in

the way it conceives products and services, which transform life.
Over the years, the Torrent Group has remained focused on
Healthcare and Power - two crucial sectors without which modern
life is unimaginable. The Torrent Group today is not just spreading
 care, hope and happiness across the world, it is also empowering the
people and lighting up their lives.

 The Group’s governance philosophy has always emphasized people

and society over everything else, more particularly in times of
distress and stands committed to doing all that it can during the time
of national crisis. Recently, Torrent Group announced its support of
Rs. 100 crores to strengthen the Government’s efforts to fight the
COVID-19 pandemic and its fallout on poorer sections of our society.
This contribution was made to the PM-CARES Fund and for various
initiatives such as providing essential medicines to various Govt.
hospitals free of cost, contributions to State Government relief funds,
contributions to NGOs doing grassroots work to address the issues
arising from the COVID-19 pandemic, provision of PPEs to healthcare
workers and our own direct efforts to contain the impact of the
COVID-19 pandemic on the vulnerable sections of society. In addition
to the above, Torrent Group ensured that its employees (including
thousands of contract and construction workers working under our
contractors) were paid full wages for the entire duration of the
lockdown and the entire cost of the same was borne by the Group.

 Be it finding a cure for fatal diseases or ambitious power generation

projects; or setting new standards in transmission and distribution;
breakthrough pharma discoveries or 24X7 customer care initiatives -
Torrent has a strong infrastructure in place to ensure that we are
always at the centre of the movement towards a better life.

2.U N MAHETA-FOUNDER.

 Mr. Uttambhai Nathalal Mehta. Words alone will not suffice to describe the
Founder- Chairman of the Torrent Group, who was a great businessman, a
 philanthropist and above all, a noble human being. For this moving spirit
behind the Rs. 21000 Crore Torrent Group, the immense contribution to
the corporate landscape of Gujarat was a culmination of years of grit,
perseverance and hard work.

 With his Gandhian approach to business management, he was a rare

potent mix of empathy and benevolence that blurs the horizon between
business and community service.

 The journey of Mr. U. N. Mehta, from being a medical representative with

Sandoz, back in the 1940s, to laying the foundation of a diversified
conglomerate, is a long yet rewarding one. Understanding the pulse of the
medical fraternity, he identified and realized the ways in which they could
be served best. He pioneered the concept of niche marketing at a time
when others focused on the masses.

 Despite the initial failures and setbacks, he never let his morale down and
persisted in his efforts. His philosophy in life was ‘It is pardonable to aim
high and miss, but it is not pardonable to aim low.’

 Mr. U. N. Mehta was one of those rare corporate leaders in Gujarat, who
also understood the importance of having a good interface between
business and community service. Perhaps that explains Mr. Mehta’s
endeavours to establish and maintain robust relationship with the society.

 Besides the Torrent Group, he is also the guiding force behind many
institutions that works for the betterment of the society at large.
  Conferred with numerous felicitations, including the ‘Business Man of the
Year’ award in 1996-97, Mr. Mehta is a personality that is nothing short of
inspirational.

[Link] INVESTMENT [Link].

 Torrent Investments Private Limited is the apex company of the Rs. 21500
Crore Torrent Group. Synergising the group activities, it spearheads the
group’s investments in different investee companies, which are managed
by their respective Board of Directors and professional CEOs.

 Besides monitoring and managing the group’s investments, Torrent

Investments Private Limited is also involved in promoting the corporate
image of Torrent and provides specialized services to the group.

 The company acts as a catalyst and developer of new ventures by providing

strategic, financial, corporate and managerial inputs to enhance the group’s
predominant position in healthcare and power

[Link] PHARMACEUTICALS LTD.

 Torrent Pharma, the flagship Company of Torrent Group is one of the

leading pharma companies of the country. The Company was a pioneer in
initiating the concept of niche marketing and today is ranked amongst the
leaders in therapeutic segment of cardiovascular (CV), central nervous
 system (CNS), gastro-intestinal (GI) and women healthcare (WHC). The
Company also has significant presence in diabetology, pain management,
gynaecology, oncology and anti-infective segments.

 Torrent Pharma's competitive advantage stems from its world-class

manufacturing facilities, advanced R&D capabilities, extensive domestic
network and a widespread global presence in over 40 countries.

 The acquisition of Elder Pharma's Indian branded business in 2013,

Dermaceutical business of Zyg Pharma in 2015, API plant of Glochem
Industries in 2016, women healthcare brands from Novartis and Unichem's
Indian branded business and its Sikkim Plant in 2017 strengthened Torrent
Pharma's position.

 Torrent Pharma started international acquisitions in 2005 with 90 year old

Heumann from Pfizer to enter the German market. Later on purchased
ANDA of Minocycline from Ranbaxy for the US Market in 2015.

 In January 2018, Torrent also acquired Bio-Pharm, Inc. (BPI) a generic

pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA,
which also included a US FDA registered manufacturing facility

 Torrent Pharma is committed towards not just healthcare but lifecare.

[Link] OF DIRECTORS.
  Sudhir Mehta (Chairman Emeritus)
 Samir Mehta (Chairman)
 Pankaj Patel (Independent Director)
 Keki Mistry (Independent Director)
 Jinal Mehta (Managing Director)
 Mamta Verma (Non-Executive Director)
 Usha Sangwan (Independent Director)
 Radhika Haribhakti (Non-Executive Director)
 Ketan Dalal (Independent Director)
 Varun Mehta (Whole-time Director)

[Link] OF BOARD OF DIRECTORS

[Link] COMMITTEE.

 Ketan Dalal (Chairman)

 Usha Sangwan
 Radhika Haribhakti
 Keki Mistry

[Link] AND REMUNERATION COMMITTEE.

 Pankaj Patel (Chairman)

  Sudhir Mehta
 Radhika Haribhakti

[Link] RELATIONSHIP COMMITTEE.

 Pankaj Patel (Chairman)

 Samir Mehta
 Jinal Mehta

[Link] SOCIAL RESPONSIBILITY AND SUSTAINABILITY

COMMITTEE.

 Usha Sangwan (Chairperson)

 Radhika Haribhakti
 Jinal Mehta

[Link] OF DIRECTOR.

 Samir Mehta (Chairman)

 Jinal Mehta
[Link] MANAGEMENT COMMITTEE.

 Usha Sangwan
 Radhika Haribhakti
 Ketan Dalal
 Lalit Malik
[Link] PROFILE

Name TORRENT POWER

Type Public

Trade  BSE: 532779
d as  NSE: TORNTPOW
R

ISIN INE813H01021

Indust Energy
ry

Found 1996; 27 years ago

ed

Headq Ahmedabad, Gujar
uarter at, India
s

Key  Sudhir Mehta

people  Samir Mehta

Produ Sale and

cts distribution, electric
 ity
generation and dist
ribution, wind
power, energy
trading

Reven ₹ 14,260
ue crore (US$1.8 billio
n) (2022)

Operat   ₹2,257.14crore  (U

ing S$280 million)
incom (2022)
e

Net ₹ 453.98
incom crore (US$57 millio
e n) (2022)

Total ₹ 20,972
assets crore (US$2.6 billio
n) (2021)

Total ₹ 8,672
equity crore (US$1.1 billio
n) (2020)

Numb 7,874 (2020)

er of
emplo
yees

Parent Torrent Group

Websit [Link].
e com
[Link].

 Torrent Group took-over and successfully turned around an

ailing power cable company Mahendra Electricals,renaming
it as ‘Torrent Cables Ltd.’ (now merged with Torrent Power
w.e.f. 1 April 2014).

 The high points of Torrent’s foray into power however were

the acquisitions of two of the India’s oldest utilities The
Surat Electricity Company Ltd and The Ahmedabad
Electricity Company Ltd.

 In 1997, the company completed its acquisition of the

Ahmedabad Electricity Company by purchasing the entire
28.89% stake held by the Gujarat [Link]
acquisition formed what was then known as Torrent Power
AEC Limited. Similarly, after acquiring the Surat Electricity
Company in the same deal, Torrent Power SEC Limited
was formed.

 Torrent turned them into first rate power utilities, in terms of

operational efficiencies and reliability of power supply.

 In 2005, the parent company, Torrent Group floated the

company Torrent Power Generation to further expand into
the power business.

 In 2006, the three power-related companies of Torrent

Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd,
and Torrent Power Generation Ltd were merged to form
Torrent Power.
 In 2009 it was awarded the distribution franchise for Agra in
Uttar Pradesh. During FY 19 the Company was awarded
distribution license for Dholera Special Investment Region
(in Gujarat) and distribution franchise for Shil, Mumbra &
Kalwa (SMK) area in Mumbai Metropolitan Region of
Maharashtra.

 Torrent Power created history by entering into the country’s

first distribution franchisee agreement with Maharashtra
State Electricity Distribution Company Limited for Bhiwandi
Circle in December 2006. In 2009 it was awarded the
distribution franchise for Agra in Uttar Pradesh. The
significant reduction in AT&C losses in both Bhiwandi and
Agra is a testimony of Company’s operational efficiency.
During FY 19 the Company was awarded distribution
license for Dholera Special Investment Region (Gujarat)
and distribution franchise for Shil, Mumbra & Kalwa (SMK)
area (Maharashtra).In FY 21 Torrent Power emerged as a
successful bidder for 51% stake in licensed distribution
operations in Union Territory of Dadra & Nagar Haveli,
Daman and Diu.
[Link] RESOURCE DEPARTMENT
POTERS FIVE FORCE ANALYSIS

[Link] in the industry

[Link] of new entrants into the industry
[Link] of suppliers
[Link] of customers
[Link] of substitute product

[Link] IN THE INDUSTRIES.

There are several brands in the market which are competing for the same
set of customers. Below are the top 4 competitors of Torrent Power:

[Link] Power

[Link] Power

[Link]

[Link] Power
SWOT ANALYSIS

 For Torrent Power, SWOT analysis can help the brand focus on
building upon its strengths and opportunities while addressing its
weaknesses as well as threats to improve its market position.

[Link] Power Strengths

 The strengths of Torrent Power looks at the key aspects of its
business which gives it competitive advantage in the market. Some
important factors in a brand's strengths include its financial position,
experienced workforce, product uniqueness & intangible assets like
brand value. Below are the Strengths in the SWOT Analysis of
Torrent Power :

 Successful in Private distribution franchisee business

 Very low debt to equity ratio thus minimizing exposure to risk
 High efficiency of generation and also of transmission and
distribution(T&D)
 Integrated across the value chain – Generation, Transmission and
Distribution
 Good presence in Maharashtra, Gujarat and UP

[Link] Power Weakness

 The weaknesses of a brand are certain aspects of its business which

are it can improve to increase its position further. Certain weaknesses
can be defined as attributes which the company is lacking or in which
 the competitors are better. Here are the weaknesses in the Torrent
Power SWOT Analysis:

 Presence restricted to few states

 Unlike major players, Torrent Power does not possess sources of
coal or oil and hence incapable of doing Backward Integration.

[Link] Power Opportunities

The opportunities for any brand can include areas of improvement to
increase its business. A brand's opportunities can lie in geographic
expansion, product improvements, better communication etc. Following are
the opportunities in Torrent Power SWOT Analysis:

 Huge scope in the private power sector and scope to enter new
markets in India
 Scope to expand its franchisee business
 Scope to enter the T&D business in other states

[Link] Power Threats

 The threats for any business can be factors which can negatively
impact its business. Some factors like increased competitor activity,
changing government policies, alternate products or services etc. can
be threats. The threats in the SWOT Analysis of Torrent Power are as
mentioned:

 Cannot compete with bigger players due to absence of economies of

scale
 May face opposition from local State Electric Boards
 Delays in transportation of imported gas and also delay in the KG-D6
basin gas project may have a negative impact – may create
shortages