About CG
As one of the world's leading engineering corporations, CG provides end-to-end solutions, helping its
customers use electrial power effectively and increase industrial productivity with substainability.
THE COMPANY
CG Power and Industrial Solutions Limited is an engineering conglomerate headquartered in Mumbai, India. The Company is a leader in the Electrical Engineering Industry and offers an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment catering to myriad needs across varied industries, in India and across the globe.
CG was established in 1937 in India and since then the Company has been a pioneer and has retained its leadership position in the management and application of electrical energy.
Enjoying a reputation of stature for over eight decades, CG, which originated in India, has transformed itself into a global corporation. With world-class manufacturing plants across 9 locations in India and one in Sweden, and a Pan India network of 5 Regional and 14 Branch offices, with around 3,113 employees, CG has been the Supplier of Choice of high quality, ‘Smart’ electrical, industrial and consumer products and solutions, the world over.
Our unique and diverse portfolio ranges from Induction Motors, Drives, Transformers, Switchgears, and other allied products for the Industrial and Power sectors as well as Traction Motors, Propulsion systems, Signaling Relays etc., for the Indian Railways. Recently, we also made a foray into the business of Consumer Appliances (Fast Moving Electrical Goods) such as Fans, Pumps, and Water Heaters. We enhance many aspects of industrial and personal life. This portfolio has been structured into two business lines—Industrial Systems (including Motors, Railways and Fast Moving Consumer Goods) and Power Systems.
Managing Director & CEO's Message
I am delighted to extend a warm welcome to you to CG. With a legacy spanning more than 86 years, we stand as a significant player in the industrial machinery sector, dedicated to championing innovation and excellence. Our diverse portfolio, which includes Industrial Motors, Drives & Automations, Railway Products, Commercial Products, Transformers, and Switchgears, underscore our commitment to pioneering solutions that drive India's growth story forward.
At CG, we are steadfast in our dedication to Environmental, Social, and Governance (ESG) principles. Through various initiatives and advancements in this area, we continually strive for sustainable practices and positive societal impact. Our commitment to Corporate Social Responsibility (CSR) is integral to our operations, reflecting our broader mission to contribute meaningfully to the communities we serve.
With confidence and optimism, I invite you to explore CG further and witness first hand our commitment to innovation, excellence, and responsible corporate citizenship. Visit our website to discover more about how we are shaping a brighter future not only for India but also beyond.Amar Kaul, Managing Director & CEO, CG Power and Industrial Solutions Limited
OUR CULTURE
CG Values & Business Practices
Our philosophy is enshrined through the
various facets of Governance.
Our documented Values & Code of Business Practices are a reflection of the socially and environmentally responsible company we aspire to be; a company which conducts its business with integrity. They are the foundation for every business decision we make.
Values are the core of any sustainable Organization and the driving force for its people at all levels. The ideology for CG's businesses emanates from its 5 Values of Performance Excellence; Leading Edge Knowledge; Nurturance; Customer Orientation and Intellectual Honesty. These Values articulate the basic behaviours that every employee is expected to display in business situations and these form the core principles for all actions.
CG thrusts upon each employee to be aware of and practice the CG Values, and behave in accordance with the letter as well as the spirit of CG Values.
PERFORMANCE EXCELLENCE
Reviewing and raising the team's performance threshold for competitive edge; setting and meeting stretch targets; accomplishing and exceeding performance commitments.
LEADING-EDGE KNOWLEDGE
Enhancing capabilities, actively pursuin gand applying Best Practices, continuously upgrading and benchmarking with Best In Class. It is the key to working smart.
CUSTOMER ORIENTATION
Sensitivity and responsiveness to the market and customer needs for high quality existing as well as new products and services, with deliveries and after-sales service as committed.
INTELLECTUAL HONESTY
Honesty to self; doing what we say, making and meeting meaningful commitments. It goes beyond simplistic integrity, financial honesty, telling the truth.
NURTURANCE
Nurturance is helping ouselves and others to grow in professional and personal life. It encourages an atmosphere of fairness with participation and a climate of trust as well as trustworthiness, a positive environment for CG to become a learning organization for connection between CG and its employees.
The CG Code of Business Practices has been conceptualized considering CG`s multi segment and transnational culture, as well as the need to respect the cultures of all companies in the CG fold. The Code strives to provide guiding principles in various business situations and is the lighthouse for decision making and actions, with integrity and discipline. This Code also aims to minimize adverse consequences due to ambiguity, for CG and every employee.
CG has a robust business review framework, to monitor the ultimate direction and implementation of the Company`s business strategies and plans.
Periodically, each business presents its strategic road map at specially constituted Board meetings. Approved initiatives form a part of the growth and business strategy of the Divisions. The performance of the businesses is reviewed at monthly meetings, through a monthly review by the Managing Director with the Management team. Operational Issues and budgets are extensively monitored through an elaborate Management Information System, with adequate focus on non-financial business enablers including process improvements and customer service.
Corporate Initiatives :
CG is poised to scale even greater heights and has set challenging targets in its quest to be a leading player in the global market, to ensure a sustainable future for all its stakeholders. The plans and targets cover all the key areas that CG wishes to excel in : Growth, Productivity, Technology and People. In order to achieve these, CG has instituted various performance improvement and measurement systems. Several critical business enablers are driven on a company - wide basis as corporate drives.
Some of these Corporate initiatives are CG Productivity System (CGPS), Six Sigma (for "quality as perceived by the customer"), CG Mile, Business Excellence, CSR, etc.
A separate monitoring framework has been established for a more focused review of these enablers with senior management participation. This dedicated approach has enabled the Company to exceed 133% CGPS productivity norms at all its India locations and enhance its process and supplier quality through six sigma standards.
CORPORATE GOVERNANCE
CG believes that its Management is accountable to its shareholders, for creating, protecting and enhancing their shareholder value, and reporting to them on the Company's performance in a timely and transparent manner.
CORPORATE GOVERNANCE
CG believes that its Management is accountable to its shareholders, for creating, protecting and enhancing their shareholder value, and reporting to them on the Company's performance and developments on the performance in a timely and transparent manner. All our systems institutionalize our belief that Corporate Governance protects the interest of all stakeholders by inculcating in all our operations and processes, the principles of transparency, integrity, professionalism and accountability.
It starts at the top with the Board of Directors comprising eminent professionals, as Independent Directors, who provide high quality, impartial advice to the Chairman, Managing Director and the various Committees of the Board. The Chairman of the Board is a non-Executive Director providing the necessary independence to the management to chart its growth strategy and promote operational excellence. Espousing the philosophy of going beyond Regulatory requirements, the number of Independent Directors on the Board far exceeds the proportion required between Independent and Non-Independent directors, prescribed by the Listing Agreement with the Stock Exchanges.
The above ideology is also well reflected through best-in-class business practices and adoption of high level ethical standards in all its business dealings. CG encourages Management independence and provides individual flexibility within an established framework of policies, standards and processes, which for clarity, are amplified in its "Rules of Procedure for Management" through which decision-making levels, with respect to the areas of importance in CG`s day-to-day operations within India, are documented.
As CG`s foreign locations progressively get integrated with CG India, the best practices of governance get progressively extended to these locations as well. To better achieve its high Governance standards at its foreign locations as well, CG has articulated "Transnational Governance Guidelines", with a view to creating a common platform for Board practices across the Company`s subsidiaries and joint ventures, and introduce an effective governance framework. These Guidelines outline comprehensive integrated approach towards Governance, which includes creation of an Authority-Responsibility Matrix for Management; Compliance Certifications; Board Compositions, Procedures, Information Flow, and Reporting Formats for Board Reviews, across the Group.
Needless to say, the core CG Values and Code of Business Practices are applicable at all locations across the world.
Strategic Business Units
This is the largest business of CG, which is now well and firmly established throughout the world. CG’s Industrial Systems is engaged in the business of power conversion equipment a wider spectrum of High and Low Voltage rotating machines (motors and alternators), stampings, as well as railway transportation and signalling products. Industrial Systems is largely India focused with a very strong market presence and market leadership position in many segments. It also caters to foreign markets through its facilities in Hungary and exports. Its product portfolio includes motors and generators ranging from 100W to 100MW. CG enjoys a market leadership for AC Motors and the second position in AC Generators and DC Motors in India. CG is the largest manufacturer of Low Tension motors in India offering a range of AC and DC motors, ranging from 0.18kW to 450kW in various standard and customized configurations to respond to the exacting demands of the industry. To ensure the highest levels of customer satisfaction, the latest designs have been incorporated for its range of product offerings, to achieve better performance as well as versatility in mechanical features. The products of this business have received many international certifications including CSA, UL, CE and Flame Proof Gas Group IIA and IIB certifications. The customer emphasis for this business group has been the textile, cement, sponge iron and large steel plants sectors, which are growing segments
Power Business includes Transformers, Switchgear, Circuit Breakers, Vacuum Interrupters, Network Protection & Control Gear, as well as Design, Execution and Servicing of Turnkey T&D as well as Sub-Station Projects and Solutions including complete end to end Renewable projects. It is a high value, high turnover business with a strong global footprint. Its facilities are located in different parts of Belgium, Hungary, India, Indonesia, Ireland, France and UK.
CG serves almost 40% rolling stock equipment of electric locomotives. CG Business consists of 3 main product lines viz. Traction Machines and Systems- AC & DC Motors, Alternators, solutions for self propelled vehicles, Traction Electrics -IGBT based Propulsion Systems & Panels, Railway signaling products -Signaling relays, point machines, data logger and coach products like panels and fans. Apart from above we do supply loco and track side transformer, Stamping for motors made by Railways, auxiliary motors for locomotives, Breakers, Surge arrestors and Instrument transformers. Our strength includes design, development, manufacturing, installation testing and commissioning of all products offered to Indian Railways.