Tag Archives: maruti

Portfolio of ICICI Prudential Life Insurance Company Ltd

This post is in continuation of my coat tailing series (see here)

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ICICI Pru Life is the largest private insurer in India.

It’s significant holdings in India as on 31 March,2014 as per Stock Exchanges is given below:

 

Symbol Entity # of Shares % Date End
ADVANTA ICICI PRUDENTIAL LIFE INSURANCE CO. LIMITED 1650974 1.96 201403
ALSTOMT&D ICICI Prudential Life Insurance Company Ltd. 2606644 1.02 201403
ASHOKA ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 6701472 4.24 201403
AXISBANK ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 9275662 1.97 201403
BHARTIARTL ICICI Prudential Life Insurance Company Limited 51381584 1.29 201403
BPCL ICICI PRUDENTIAL LIFE INSURANCE COMP 12485353 1.73 201403
CINELINE ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 1860422 6.64 201403
CIPLA ICICI Prudential Life Insurance Company Ltd 8239459 1.03 201403
COX&KINGS ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 6571310 4.81 201403
DBCORP ICICI Prudential Life Insurance Co. Ltd. 2580412 1.41 201403
DCBBANK ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 2838771 1.13 201403
DEEPAKFERT ICICI PRUDENTIAL LIFE INSURANCE CO LIMITED 1080183 1.22 201403
DRREDDY ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 3531404 2.08 201403
EMCO ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 3074222 4.72 201403
GESHIP ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 4435074 2.94 201403
GIPCL ICICI PRUDENTIAL LIFE INSURANCE CO LTD 7479695 4.95 201403
GRASIM ICICI Prudential Life Insurance Company Ltd. 3318701 3.61 201403
GSPL ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 16611964 2.95 201403
HDFCBANK ICICI Prudential Life Insurance Company Ltd 43642443 1.82 201403
HINDPETRO ICICI Prudential Life Insurance Co.Ltd. 3769454 1.11 201403
IDFC ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 27356403 1.8 201403
INDUSINDBK ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 7885269 1.5 201403
INFY ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 8707385 1.52 201403
IVRCLINFRA ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 12346797 4.02 201403
JAGRAN ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 16276648 4.98 201403
JYOTHYLAB ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 6572898 3.63 201403
KALPATPOWR ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 7946979 5.18 201403
KANSAINER Icici Prudential Life Insurance Company Ltd. 2592317 4.81 201403
KIRLOSBROS ICICI Prudential Life Insurance Co.Ltd. 1160140 1.46 201403
KPIT ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 2078522 1.07 201403
LAXMIMACH ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 294145 2.61 201403
LUPIN ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 9664778 2.16 201403
M&M ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 9020857 1.46 201403
MAHLIFE ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 1310626 3.21 201403
MARUTI ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 5470163 1.81 201403
MOTHERSUMI ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 15450652 1.75 201403
MPHASIS ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 2396933 1.14 201403
NRBBEARING ICICI PRUDENTIAL LIFE INSURANCE COMPANY 5415214 5.59 201403
OMAXAUTO ICICI PRUDENTIAL LIFE INSURANCE CO 1002966 4.69 201403
ORIENTPPR ICICI Prudential Life Insurance Co. Ltd. 6188560 3.02 201403
POWERGRID ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 64003238 1.22 201403
REDINGTON ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 16543734 4.14 201403
RENUKA ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 31148264 4.64 201403
SINTEX ICICI Prudential Life Insurance Company Ltd. 5941870 1.9 201403
SJVN ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 97135093 2.35 201403
SOLARINDS ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 684384 3.78 201403
SUNCLAYLTD ICICI Prudential Life Insurance Company 551847 2.73 201403
TATACHEM ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 11442087 4.49 201403
TATASTEEL ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 11092350 1.14 201403
TECHNO ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD. 1393628 2.44 201403
THOMASCOOK ICICI Prudential Life Insurance Co. Ltd 4100000 1.66 201403
TVSMOTOR ICICI Prudential Life Insurance Company Limited 5120655 1.08 201403
UPL ICICI PRUDENTIAL LIFE INSURANCE CO LTD 7113142 1.66 201403
VOLTAMP ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 381003 3.77 201403
WABAG ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 990647 3.73 201403

Maruti , Manesar & Modi

Statement of Maruti on Manesar:

 

We are deeply disturbed by the mob violence and arson at our Manesar Plant on Wednesday evening. Several executives, managers and supervisors were brutally attacked and injured, and nearly 100 of them had to be hospitalised.

We have also lost Awanish Kumar Dev, General Manager (HR) at Manesar Plant, who was burnt to death by the mob. Awanish was an outstanding professional and team member, compassionate, soft spoken and deeply committed to cordial industrial relations. In the past year, he had been instrumental in the Company taking far-reaching steps to enhance the well being and working conditions of workers at the Manesar Plant.

We are still assessing the total damage to property and facilities from the acts of arson. What is clear is that the office facilities have been burnt beyond repair, as have the main gate, security office and the fire safety section.

Both our plants in the Manesar campus were, of course, closed on Thursday. We will shortly announce our decision on the next steps with regard to resuming operations in these facilities. We request our customers and partners to bear with us in this extraordinary situation.

The top management team visited the injured colleagues in the hospitals in Gurgaon where they are admitted. Their experiences are shocking. A few of our colleagues remain serious. While the rest are recovering from the physical injuries, it will take them a while to come out of the trauma. The injured include two Japanese expatriates, including the plant manager of the Manesar Plant.

Sequence of the violence

The workers’ union was demanding reinstatement of a worker who had been suspended for beating up a supervisor. While negotiations were on with the senior management, the first act of violence by the mob was to forcibly shut the main gate and prevent managers from leaving the premises after working hours.

Thereafter, armed with iron rods and door beams of cars, the mob spread out in groups in the factory area and targeted supervisors, managers and executives. In simultaneous attacks in different parts of the factory, the mob beat the managers on their head, legs and back, rendering many of their victims bleeding and unconscious. They also ransacked offices, broke glass panes and wantonly damaged property. Finally, they set the offices on fire.

After being terrorized, abused and attacked in this manner by the mob, recovery for the injured will not be easy. We will ensure they continue to receive quality medical attention, and are extending whatever support is possible to the families as well.

By any account, this is not an “industrial relations” problem in the nature of management-worker differences over issues of wages or working conditions. Rather, it is an orchestrated act of mob violence at a time when operations had been normal over the past many months.

Such acts of violence – pre planned, unprovoked and gruesome – have implications beyond one company or region. They are negative trigger for existing companies and regions across the country, as also for prospective investors and job seekers.

We are extending full cooperation to the police and government authorities in identifying the guilty and taking suitable action.

-From the company website

The actions by the workers is so violent and barbaric that they remind one of Naxalite methods.Earlier, there were reports of Naxalites infiltrating the unions in Tamil Nadu, looks like they have infiltrated ones in Manesar as well. This is a wake up call to the industry.

From Haryana’s perspective, this couldn’t come at a worse time.Already, entrepreneurs are shying away from Haryana and Punjab due to power shortages and the high cost of land.Violent unions will drive them away together just like they did in WB.

If Maruti shifts to Gujarat, then it would be a real coup for Narendra Modi.Then we also ought to do what Gujaratis have been doing for long : “Buy land in Gujarat and pray for the long life of Narendra Modi !!”