Leading Mid-Corporates of India 2023

20 | Leading Mid-Corporates of India 2023 [ EXPERT’S VIEW ] product development, and a focus on diversity and inclusion. We have received prestigious awards, including ‘best supplier, ’ and been recognized as a “Future ready organizat ion. ” Guided by our CORE values - Courage, Ownership, Respect, and Energy - we are a trusted partner, dedicated to supporting the evolving needs of the Indian foundry industry. What are Foseco India’s initiatives to drive sustainability practices for business operations? Foseco India is dedicated to sustainabi l ity, aiming for Net Zero CO 2 emissions by 2050. We minimize waste through Zero Liquid Discharge and promote recycled materials. Our green initiatives include tree planting, herbal gardens, and solar power. Product launches focus on energy reduction, waste management, recycl ing, and environmental stewardship. We foster diversity and inclusion by improving gender diversity, disability inclusion, age representation, and educational backgrounds. Through our CSR projects, we positively impact vulnerable communities in the areas of environment, healthcare, and education. What are your key strategic priorities for customers and stakeholders to drive long term growth? Our growth strategy revolves around customer and stakeholder engagement. We provide tailored so l u t i ons t hrough So l u t i on Partnering, catering to specific customer needs. With a wide product portfolio, we aim to be the preferred choice for both Ferrous andNon-ferrous foundries. Innovation is crucial aswe introduce cost-effective alternatives and maintain a leading position. We address smaller foundries with fit- for-purpose solutions and improve accessibility through the Foseco Store. Our Channel Finance program supports distributor growth. We prioritize employee development, engagement, and operational excellence to foster sustainable relationships and drive overall growth. What are the major people development and engagement activities of Foseco India? Foseco India prioritizes people development and engagement, o f f e r i ng a comp r ehen s i v e L e a d e r s h i p De v e l o pme n t Program, functional trainings, global exposure opportunities, and skill development programs. Our talentmanagement framework attracts, retains, develops, and motivates high-quality employees. This holistic approach not only contributes to the overall well- being of our employees but also creates a thr iving work environment. FOSECO as the name stands originates from the term FO undry SE rvice CO mpany; is a world leader in the supply of foundry consumables and solut ions . Foseco India Limitedproudly offers the widest range of solutions for producing casting of the highest standards. We interviewed Prasad Chavare about Foseco India’s growth journey and sustainable initiatives taken in recent years and future plans. How would you describe 65 years of Foseco journey in India? With over 65 years of experience, compan y i s commi t t ed t o excellence, innovation, knowledge, par tner sh ip, and employee engagement. DeepCollaborations with our customers coupled with our solutions partnering approach have strengthened our market position. Recent achievements includewarehouse establishments, Foseco store launch, innovative Prasad Chavare Managing Director Foseco India Limited Dun & Bradstreet