ASSIGNMENT

NO
1
ON
SUCCESSFULL ENTERPNEUR IN INDIA
OF
ENTERPNEURSHIP
AND
MANAGING SMALL MEDIUM BUSINESS

Submitted to:
Mr.Ajwinder Dhillon

Submitted by:
Anmoldeep

(Assistant prof)

Roll no-141356
MBA 4C

ENTERPNEURSHIP DEVELOPMENT IN INDIA

INTRODUCTION
During post-independence era, entrepreneurship has begun to grow faster. The
Government of India has spelt through industrial policy statements steps for rapid
and balanced industrialization of the country. The government recognizes the vital
role of the private sector in accelerating industrial development especially after the
economic liberalization in 1991. The government pursues the following objectives:
1.To maintain a proper distribution of economic power between public and private
sectors.
2.To disseminate the entrepreneurial acumen concentrated in a few dominant
communities to a large number of industrially potential people of varied social
strata.
3.To encourage the spirit of industrialization by spreading entrepreneurship from
the existing centres to other cities, towns and villages.
4.To achieve the above objectives the government has decided to encourage the
development of small scale units. It provides various incentives and concessions to
SSI in the form of capital, technical know-how, markets and land to establish
industrial units particularly in the backward areas of the country.
The scope of entrepreneurship development in country like India is tremendous.
Especially since there is widespread concern that the acceleration in GDP growth
in the post reforms period has not been accompanied by a commensurate
expansion in employment. Results of the 57th round of the National Sample
Survey Organization (NSSO) show that unemployment figures in 2003-04 were as
high as 8.9 million. Incidentally, one million more Indian joined the rank of the
unemployed between 2005-06 & 2007-08. The rising unemployment rate (9.2%
2008 est.) in India has resulted in growing frustration among the youth. In addition
there is always problem of underemployment. As a result, increasing the
entrepreneurial activities in the country is the only solace.

INDIAN OIL CORPORATION

It is a public sector Indian Petroleum company and also the largest commercial
enterprise in India. This company ranks 116 on the list of the Fortune Global 500
list in the year 2008.It operates the widest and the largest network of fuel stations
in India which is about 17,606.Auto LPG Dispensing Stations are started by the
company and it helps reach Indane Cooking Gas to 47.5 million households. The
company's products are diesel, petrol , Servo Lubricants etc.
It began operation in 1959 as Indian Oil Company Ltd. The Indian Oil Corporation
was formed in 1964, with the merger of Indian Refineries Ltd. Indian Oil and its
subsidiaries account for a 47% share in the petroleum products market, 40% share
in refining capacity and 67% downstream sector pipelines capacity in India. The
Indian Oil Group of Companies owns and operates 10 of India's 19 refineries with
a combined refining capacity of 60.2 million metric tons per year.
Products
Indian Oil's product range covers petrol, diesel, LPG, auto LPG, aviation turbine
fuel, lubricants, naphtha, bitumen, paraffin, kerosene etc. Xtra Premium branded
petrol, Xtra Mile high speed diesel, Servo lubricants, Indane LPG, Autogas LPG,
Indian Oil Aviation are some of its prominent brands. Recently Indian Oil has also
introduced a new business line of supplying LNG(Liquefied natural gas) by the
cryogenic transportation. The branding called "LNG at Doorstep". Lng
headquarters are located in scope complex, Lodhi Road .

REFINERIES
Digboi Refinery, in Upper Assam, is India's oldest refinery and was
commissioned in 1901. Originally a part of Assam Oil Company, it became
part of IndianOil in 1981. Its original refining capacity had been 0.5
MMTPA since 1901. Modernisation project of this refinery has been
completed and the refinery now has an increased capacity of 0.65 MMTPA.
Guwahati Refinery, the first public sector refinery of the country,

was built with Romanian collaboration and was inaugurated by

Late Pt. Jawaharlal Nehru, the first Prime Minister of India, on 1
January 1962.
Barauni Refinery, in Bihar, was built in collaboration with Russia and

Romania. It was commissioned in 1964 with a capacity of 1 MMTPA. Its

capacity today is 6 MMTPA.
Gujarat Refinery, at Koyali in Gujarat in Western India, is IndianOils
largest refinery. The refinery was commissioned in 1965. It also houses the
first hydrocracking unit of the country. Its present capacity is 13.70
MMTPA.
Haldia Refinery is the only coastal refinery of the Corporation, situated 136
km downstream of Kolkata in the Purba Medinipur (East Midnapore)
district. It was commissioned in 1975 with a capacity of 2.5 MMTPA, which
has since been increased to 5.8 MMTPA
Mathura Refinery was commissioned in 1982 as the sixth refinery in the
fold of IndianOil and with an original capacity of 6.0 MMTPA. Located
strategically between the historic cities of Delhi and Agra, the capacity of
Mathura refinery was increased to 7.5 MMTPA.
Panipat Refinery is the seventh refinery of IndianOil. The original refinery
with 6 MMTPA capacity was built and commissioned in 1998. Panipat
Refinery has doubled its refining capacity from 6 MMT/yr to 12 MMTPA
with the commissioning of its Expansion Project

GROUP COMPANIES AND JOINT VENTURES

IndianOil (Mauritius) Ltd.
Lanka IOC PLC - Group company for Sri Lanka retail and storage
operations which is listed on Colombo's stock exchange. It was locked into a
bitter subsidy payment dispute with Sri Lanka's Government which has since
been resolved.
IOC Middle East FZE
Chennai Petroleum Corporation Ltd.
Bongaigoan Refinery and Petrochemicals Ltd.
Green Gas Ltd. - joint venture with Gas Authority of India for city-wide gas
distribution networks.
Indo Cat Pvt. Ltd., with Intercat, USA, for manufacturing 15,000 tonnes per
annum of FCC (fluidised catalytic cracking) catalysts & additives in India,
for catering to rising global demand.
Numerous exploration and production ventures with Oil India Ltd., Oil and
Natural Gas Corporation

INTERNATIONAL RANKINGS
Indian Oil is the highest ranked Indian company in the prestigious Fortune Global
500 listing, the 116th position(in 2008) based on fiscal 2007 performance. It is also
the 18th largest petroleum company in the world and the number one petroleum
trading company among the National Oil Companies in the Asia-Pacific region.
IOCL was featured on the 2008 Forbes Global 2000 at position 303.
AWARDS
Indian Oil received the Gold Trophy of SCOPE Meritorious Award for
Corporate Governance for the year 2012.
Indian Oil was awarded the prestigious ICSI National Award 2012 for
excellence in Corporate Governance instituted by Institute of Company
Secretaries of India.

 International Financing Review Asia (IFR Asia), one of the most coveted
capital markets agencies in Asia, awarded the Indian Capital Market Deal of
the Year 2012 to Indian Oils Singapore Dollars (SGD) denominated long
term bonds and included the deal in its Roll of Honour for 2012.
Dun & Bradstreet, the worlds leading source of global business information
has awarded Indian Oil with the Corporate Award 2012 in the Oil - Refining
and Marketing sector.
Indian Oil became the highest ranked Indian company (88th) in the
prestigious Fortune Global 500 listing. The Company also topped the
Financial Express 500, Economic Times 500 and Fortune India 500 listings.
Indian Oil has also featured in the top 100 of the Plats Global ratings (Rank
82), Business India Super 100 companies (Rank 8), BW Real 500 (2nd
biggest company) and Forbes Global 2000 (Rank 4 among Indian
companies)
Indian Oil swept the Petro Fed awards by emerging winner in four
categories Leading Oil & Gas Corporate of the Year, Oil & Gas - Marketing
Company of the Year, Project Management- Company of the Year and
Women Executive of the Year in Oil & Gas sector.
Indian Oils household brands SERVO and Indane have been voted
Consumer Super brands for the year 2012. SERVO also retained its Master
Brand status by winning it at the World Brand Congress.
Indian Oil bagged the second prize in the Best Enterprise (Maharatna/
Nirvana) category by Women in Public Sector. Indian Oil also won Best
Women Employee awards in Officer and Non-Officer category.

LOYALTY PROGRAMS
XTRAPOWER Fleet Card Program is aimed at Large Fleet Operators. Currently it
has 1 million customer base. XTRAREWARDS is a recently launched loyalty
program for retail customers where customers can earn reward points on their
purchases.

COMPETITORS
Indian Oil Corporation has two major domestic competitors, Bharat Petroleum and
Hindustan Petroleum. Both are state-controlled, like Indian Oil Corporation. There
are two private competitors, Reliance Petroleum and Essar Oil.