· Announces rollback of Business Performance Linked pay deductions along with disbursements of all deductions done from June 2020
Mumbai, 22nd December 2020 (GNI): Marching towards progress and prosperity believing that the community, the people, and the environment are the foremost stakeholders, Amara Raja Group celebrated its 35th Foundation Day on 20th December 2020. The celebration was held virtually, nestled on the theme of “The New Way of Life” and was attended by Dr. Ramachandra N. Galla, Founder Chairman, Amara Raja Group, Mr. Jayadev Galla, Vice Chairman, Amara Raja Group, Senior leaders and employees across all locations.
On the occasion, Dr Dr. Ramachandra N. Galla, Founder Chairman unveiled “Advanced Lithium Technology Research Hub” by inaugurating the Pilot plant for Li cell manufacturing, first of its kind in the country established by a private corporate firm. The Foundation Day also witnessed the virtual launch of other new products of two other businesses of the Group viz. Mangal Industries Limited and Galla foods. During the event, Jayadev Galla, Vice Chairman appreciated the unstinted support and efforts of all people across the Group during the pandemic and announced the rolling back of Business Performance Linked pay (BPLP) deductions. BPLP were salary deductions that were earlier effected to employees with salaries above five lakhs per annum, from June 2020 onwards and were to be returned to employees in next financial year subject to business performance. Jayadev Galla also announced that all the BPLP deductions which were effected from June 2020 to December 2020 will be paid back to employees in full, in the month of January 2021.
Recalling the journey of the Group, Dr. Ramachandra N. Galla, Founder Chairman, Amara Raja Group said “The COVID-19 Pandemic has made 2020 an unusual year for us, but equally it has been a year of significant learnings. While we made innovative products, achieved excellent results, created opportunities and acted as a responsible organization in many ways, it is the large Amara Raja Family and The Amara Raja Way® that made all the difference. We will continue our pursuit for excellence and strive for transformation and betterment of the society.”
As part of the event, a short film made by employees on “The New Way of life’ was showcased applauding the duty-consciousness of all employees who were always on the ground during the lockdown period, like the field service staff, people on after sales service, other essential employees on the field, project sites, and at the plants, including maintenance and other personnel.
The virtual event acknowledged the contribution of employees and recognized them by announcing various annual awards for 2019- 2020, which included the Awards for excellence in performance under various categories and also recognising employees for 30 and 25 years of long service.
Mr. Jayadev Galla, Vice Chairman & Managing Director of Amara Raja Group said, “This year is different and unique from all other years, in many ways. Throughout the crisis, we were in close coordination with all our customers across all businesses to understand and support their critical needs for essential products and services. Most of our operations have slowly and steadily bounced back due to the unstinted support of all employees and all stakeholders. During this pandemic, we also had some memorable recognitions. One amongst them was Amara Raja Group getting featured by Forbes in ‘World’s Best Employers for 2020’ list and we are ranked 316 Globally. This the first time in our history that we get ranked on one of the world famous best employer recognitions. We are also very excited to have inaugurated the pilot plant facility for Li cell manufacturing which is a very important step in our effort to explore advanced and futuristic energy storage technologies. I am proud of our employees and applaud them for the resilience they have shown and continue to do so in this pandemic”
About Amara Raja Group: Amara Raja is amongst India’s leading business conglomerates with interests spanning verticals from the production of lead acid batteries (AMARON brand), power conversion products, sheet metal products, precision components, plastic molding, electronic manufacturing services, Infrastructure Development, industrial services to food processing. Amara Raja Group of companies with their flagship company Amara Raja Batteries Ltd, are one of the largest manufacturers of Automotive and Industrial batteries in India. Amara Raja Group employs a workforce of over 16,000 people.Stay Safe. Stay Home.ends
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