ABOUT VST TILLERS TRACTORS LIMITED

Background

V.S.T Tillers Tractors Ltd (VTTL) was incorporated in the year 1967 in Bangalore, India. It was promoted by the V.S.T Group, a well known business house in South India, in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines. The plant went into production in the year 1970.

In 1984, an additional technical and financial collaboration with Mitsubishi Agricultural Machinery Company Ltd, Japan for the manufacture of 18.5 HP, 4 wheel drive Tractor was entered into.

The manufacturing plant is located in Whitefield Industrial area near Bangalore. It has 75,000 Sq. meters. of land and a built up area of 15,000 Sq. meters (approx). The Manufacturing capacity of the company presently is 25,000 Power Tillers, 32,000 Engines and 5000 Tractors. This capacity can be enhanced up to 30% within a period of 6 to 8 months.

VTTL has in-house Design and Development section for upgrading the level of technology in line with current requirements. It also upgrades existing products and develops new products demanded by market from time to time. VTTL has ISO-9001 certification for Quality Management System since January 1998. VTTL follows ISO 9001-2008 Quality System requirements to satisfy all customer needs.

The main products of the Company namely Power Tillers and Tractors are used in the agricultural sector all over the India. Power Tillers and Tractors are exported to whole of Africa. The Tractors are also exported to Middle East, Russia and Turkey. The component parts are exported to Europe, Korea and Thailand.

The Company has a nation-wide network of Dealers supported by Sales and Service. This is supported by supply of spare parts, provision of service tools and equipments, making available service information through technical literature, instruction manuals etc., and imparting training to Dealers’ personnel

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as well as end users namely the farmers, are some of the effective steps taken by the Company towards customer satisfaction.

Management

The management of VTTL is committed to high Quality and achieving ultimate Customer Satisfaction through Company’s Vision by Establishing Quality Policy and Objectives.

• Ensuring achievement of Quality Objectives through periodical review.

• Communicating the above to all levels with stress on importance of meeting customer requirements as well as statutory and regulatory requirements.

• Management reviews the adequacy and availability of resources From time to time and augments the same.

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Corporate Governance

Board Procedures:

The Chairman of the Board, in consultation with the other members of the Board, determines the timing and length of the meetings of the Board. The Board expects that five regular meetings at appropriate intervals are in general desirable for the performance of the Board’s responsibilities. In addition to regularly scheduled meetings, unscheduled Board meetings may be called upon appropriate notice at any time to address specific needs of the Company.

The Chairman shall establish the agenda for each Board meeting. Each Director shall be entitled to suggest the inclusion of items on the agenda, request the presence of or a report by any member of the Company’s senior management, or at any Board meeting raise subjects that are not on the agenda for that meeting.

The agendas for Board meetings shall provide opportunities for the operating heads of all the departments of the Company to make presentations to the Board during the course of the year. At one meeting each year the Board shall be presented the long-term strategic plan for the Company and the principal issues that the Company expects to face in the future. Sufficient time shall be allocated for this presentation to allow for questions by and full discussion with the members of the Board.

Information provided to the Board includes amongst others quarterly results of the Company, Minutes of Audit and other Committees, information on recruitment and remuneration of senior officers just below the Board, review of annual operating plans and compliance report.

Code of Conduct:

The Board of Directors of the Company have formulated and implemented Code of Conduct for Board Members and Senior Management of the Company in compliance with Clause 49 (1) (D) of the Listing Agreement.

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Products

Consequent to its long and close association with the Mitsubishi Group of Companies, VST Tillers Tractors Ltd., has effectively absorbed the latest technology and work culture. This has resulted in the company's achievement in perfecting every product it manufactures, meeting even the most exacting requirements.

Power Tillers Tractors

VST - Shakti 130 DI Power Tiller Euro-Trac-VST180D Tractor

VST - Shakti VWH 120 Power Tiller VST - Shakti MT180D Tractor with Rot

Paddy Transplanters

VST - Shakti Yanji Rice Transplanter

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CONCLUSION

Hear by I conclude saying that the industrial visit to “VST TILLERS TRACTORS LTD” gave an about the company and business concept, marketing ways, their production technique. The industrial visit gave enormous information. Hope in future I get many such opportunities.

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