Our Commitments
Our Commitments

Human Resource Development

MNR boast of having exponential growth and one of the “Key” reasons for this growth is undoubtedly its “People”. Given the right environment and nurturing that is provided, time and time again seemingly “Ordinary” people surprise the company as they deliver “Extraordinary” results. This has indeed been the cornerstone of MNR’s resounding success. While continuing to harness the limitless potential and capability of the Human Mind, Spirit and Energy, the Company constantly endeavors to provide a platform for individual opportunities and growth of its people across diverse businesses, manufacturing sites and services in multiple locations.

MNR continues to build its workforce and plans to recruit in excess of 500 strong with a diverse background of individuals - essential for the kind of organization that MNR is. The employees today, include amongst others Management Graduates’, Software Developers’, Accountants’, Designers’ and professionals. There is an appropriate blend of Youth and Experience with approx 50% of the workforce below 40 years of age. The average age of around 34 years continues to move downwards in alignment with the company ethos of providing and entrusting responsibilities at a young age. This strategy has stood MNR in good stead and provided the company with that cutting edge competitive advantage which is extremely difficult for anyone to replicate.

The significant success with MNR’s ongoing initiatives in past several years and for future to come is put forward as follows:

Learning and Development:

The accelerated learning programme a senior person takes under his tutelage 2-3 youngsters and trains them ready to manage independent positions in 3-6 months. This programme has had resounding success and is being implemented in every sphere of the work place as well as manufacturing division.

Training, which has now become a way of life, is being imparted to each and every individual under specific programs by using Competency Development Programs and Soft Skills Learning.

The Company endeavors to work with leading engineering and management institutes. In addition MNR is planning to implement a Fashion Designing Course for its Employees where by MNR can generate in house designers for its Company. This course material shall be in line with the courses offered by National Institute of Fashion Technology (NIFT).

On the management education front, new programs are being - MNRMDP’s [Management Development Programme] - Level 1 and Level 2 in line with the course material offered by IIMS. These are again customized programs targeted at MNR’s high growth managers.

Building the Talent Pipeline:

The Company has hired over 50 executives to take care of its growth and other initiatives.

MNR sourced, got on board and trained over 350 employees at Falta Manufacturing Unit.

To take care of Company’s business requirements, a new BMT [Business Management Trainee] Scheme was introduced in association with Globsyn Ltd. This will be an on-going annual initiative.

MNR has also interest to successful foray into the IIMs & IITs in future and this will become an annual programme for attracting talent for its various businesses.

Towards a “Best in Class Employer”:

MNR, in line with the company’s growth trajectory, is extensively focused on building start-of-the art processes and systems which will make it comparable with the “Best in Class Employers” globally. The Company plans to engage M/s. Hewitt Associates, a globally reputed consulting organization with significant experience in dealing with “Best Employers Programs” to work with the management in rolling out a major Company-wide initiative. This would be focused around areas of Performance Management, Reward and Recognition, Career Opportunities, Learning and Development, Policies amongst others. The main objective being to take a relook at the existing processes and benchmark with the best in each area and work towards going beyond.

Other Initiatives:

TMNR plans to introduce ESOS [Employee Stock Option Scheme] – the program where in the Employees will get the opportunity to participate IN Stock options of the Company. Keeping in view the Organization’s value and belief of creating “Owner Managers”, this program will help in achieving that vision. This program shall not work just on the basis of uncertain terms or with the idea of just giving the people higher order responsibilities but also with the objective of sound & healthy returns as well, to go with it. Such a wide spectrum, broad-based coverage of creating “entrepreneurs” has rarely been seen in Corporate India.

Job Evaluation - MNR also plans to engage an international and a leading global consulting firm in the area of Job Evaluation for its Falta Manufacturing Division. This would help the Company in building a platform for various initiatives - organization structuring, career planning, compensation and benefits planning - to name a few.

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