CG Values & Business Practices

CG Values & Business Practices

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. more ...


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 in a timely and transparent manner. All our systems institutionalize this belief. more ...


Board of Directors

CG’s Board of Directors consists pre-dominantly of Independent Directors and stands committed to the core principles of integrity and full disclosure. Our Board of Directors currently consists of nine members, out of which seven are independent; and has constituted three Board committees to ensure Board oversight and governance.

• Risk Management and Audit
• Remuneration
• Shareholders` Grievance

more ...


Business Review Process

CG follows a rigorous business review process, to monitor the ultimate direction and implementation of the Company’s business strategy. more ...


Leadership Team

CG has always believed that building strong leaders is a strategic imperative; that recognises good people; and enhance its human capital value as it would enhance the financial capital and other assets of the Company. Meet some of our Senior leaders in this section. more ...

CG launches new brake motor

Avantha Group Company CG, announces the release of its new brake motor called 'Kibosh'. The design is a performance-matched motor brake package utilizing CG’s proven motor technologies.
'Kibosh' is a power saver that comes with an enhanced liner life and ensures low heating of the brake

thereby extending its life, the   company claimed.                                                             
It is ideally suited for various braking applications like crane movement, hoists, rolling mills, windmills, elevators and other applications requiring frequent starting and stopping, it said.
The brake interface is a combination of an AC induction motor and a disc type fail safe electromagnetic brake unit, with an output ranging from 0.75 kW to 30 kW in frame sizes ND80 to ND200L.
CG's executive vice president & president Industrial Business Unit, Anil Raina said, ''Kibosh is the latest brake motor solution from CG. It is a low inertia, high efficiency, high life cycle brake motor that offers customers design flexibility, ease of maintenance and reliability of fail-safe performance. The product expands our offering in energy saving, industrial electric motors.''
Shares of the company declined Rs 4.65, or 5.18%, to trade at Rs 85.05. The total volume of shares traded was 110,011 at the BSE (2.01 p.m., Friday). Shares of the company declined Rs 4.65, or 5.18%, to trade at Rs 85.05. The total volume of shares traded was 110,011 at the BSE (2.01 p.m., Friday

CG launches new brake motor

CG Launches “KIBOSH” - A Low Maintenance, Safe, Energy Efficient Brake Motor

Avantha Group Company CG is announce the release of its new brake motor called "Kibosh". The design is a performance-matched motor brake package utilizing CG`s proven motor technologies.

“Kibosh” is a power saver that comes with an enhanced liner life and ensures low heating of the brake thereby extending its life. It is ideally suited for various braking applications like crane movement, hoists, rolling mills, windmills, elevators and other applications requiring frequent starting and stopping. Its ruggedly constructed cast iron or aluminium body is built to provide long life and quiet, trouble-free, safe operation. The brake interface is a combination of an AC induction motor and a disc type “fail safe” electromagnetic brake unit, with an output ranging from 0.75 kW to 30 kW in frame sizes ND80 to ND200L.

CG is the only manufacturer in India to provide a brake kit with multi-mount arrangement in aluminium construction. Unlike conventional brake motors, “Kibosh” offers a compact cost -effective package with replaceable brake kit as an added feature so that every standard CG make motor up to 132 frames can be instantly modified to a brake motor in approximately 30 minutes. They are ready for immediate delivery through a wide distributor network across India. CG’s Kibosh is set to tap the Rs 56 crore Indian market for brake motors while meeting the varying challenges of the heavy machinery industry.

Avantha Group Company CG’s Executive Vice President & President Industrial Business Unit, Mr. Anil Raina said, “Kibosh is the latest brake motor solution from CG.  It is a low inertia, high efficiency, high life cycle brake motor that offers customers design flexibility, ease of maintenance and reliability of “fail- safe” performance. The product expands our offering in energy saving, industrial electric motors”

CG announces Q1 FY 14 results – strong sales and recovery of international operations

 

Avantha Group Company CG today announced its financial results for the first quarter ended June 30, 2013.

Performance Highlights‐ Q1 FY 2014

•    Q1 FY14 – received orders worth Rs. 2441 crores

•    Backlog orders at a record high – Rs. 9771 crores

•    Q1 FY14 Revenues up by 12.3% over Q1 FY13 – Rs. 3157 crores

•    EBITDA  at 4.6% doubles over Q4 FY13

•    PAT Rs. 60 crores for Q1 FY14 vs Rs. 25 crores in Q4 FY13

Highlights of Q1 FY 2014

•    Power business back to profitability reflecting improvement in performance in Belgium and Hungary.

•    Restructuring operations in Belgium completed and savings realized

•    Bagged contract from Power Grid Corporation of India (PGCIL) for 765 kV Power transformer valued at Rs 231.7 crore

•    Sustained orders from Railway segment in India received orders worth Rs. 176 crores

•    Successful exports of energy efficient motors from India

CEO and Managing Director, Laurent Demortier of Avantha Group Company CG said “Q1

FY14 has been an encouraging quarter for CG, despite a challenging market environment. The strategic alignment in our POWER Transmission business in Belgium and Hungary has started to take shape and is on the path to recovery.  The overall savings program across businesses and regions is on track. The performance of all our businesses in India, have shown significant improvement”.

 

 

Avantha Foundation Urban Governance Programme

Governance requires prioritisation from key players. This is especially the case in smaller towns - Urban Local Bodies (ULBs)- that are undergoing rapid transformation and urbanisation. These areas and governing bodies are in a flux, and need support to adapt to the urbanisation and way of life, particularly as urban democratic governance roles and responsibilities are not clearly defined. Neither is there much focus on strengthening systems in these towns. Resources are available to ULBs from the state and centre, but they are all in the form of tied funds. Besides, most of these towns are unaware of how to channelise these resources.

In order to bridge this gap, and offer support in an area that has remained largely untouched, the Avantha Foundation has decided to seed innovation in democratic governance practices in small towns with a population of 25,000 to 50,000, through a fund created to support such innovation. This programme is unique because it aims to recognise best practices within ULBs as an outcome of good democratic governance, thereby establishing its impact on service delivery.

The Avantha Foundation has constituted the ‘Avantha Governance Innovation Fund’ to create/support models of good urban governance that brings together the key players viz the elected representatives, citizens and the bureaucracy on a single platform to resolve a pressing issue of their town.

The thrust of our programme is on encouraging and strengthening innovations in democratic governance through maximised citizens’ participation. This pioneering programme has been envisaged as a collaborative effort between all stakeholders of the ULB (elected representatives, bureaucrats and citizens) to address governance gaps and put in place sustainable systems for strengthening good governance in their town.

Our objectives:

• To recognise good democratic governance in select ULBs and provide a fillip to innovation
• To create awareness about significance of good democratic governance in small urban bodies
• To facilitate systemic change by highlighting best practices that could be replicated
• To empower ULBs by strengthening the democratic process
• To establish seamless interface between citizens fora and elected representatives to ensure good service delivery by the ULB
• To promote learning and experimentation amongst ULBs by creating a knowledge platform

In 2012-13, the target states are Madhya Pradesh and Chhattisgarh. The Foundation has partnered with an NGO - Samarthan, in these states.

Avantha Foundation seeks to create this seed of change, by developing a platform that addresses democratic governance gaps in ULBs. The seed capital provided by Avantha Foundation will incentivise a movement or issue aimed at strengthening good democratic governance and sustainable development.