ENTREPRENEURSHIP MANAGEMENT PROJECT

ENTREPRENEUR: MR MAHESH THAKKAR

NAME: NIKITA BAJAJ ROLL NO: 7 STD: SY BBI

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ACKNOWLEDGEMENT
I would like to thank professor KRUPA for giving me an opportunity to learn about an ENTREPRENEUR.

INDEX
PARTCULARS
ABOUT THE ENTREPRENEUR IDEA HISTORY OF THE COMPANY DIFFICULTIES ACHIEVEMENTS AIMS MTA Has Been On Unrelenting Pursuit Of 3E Vision COMPANY VISION 3 PL ( Third Party Logistics) Services TECHNOLOGY USED AT MTA The MTA Commitment to their Clients POLICIES OF MTA SWOT ANALYSIS CONCLUSION

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ABOUT THE ENTREPRENEUR

Mr Mahesh Thakkar born on 23st September 1957 completed his Graduation from Nanjibai Kanjibai Thakkar (NKT) in thane in the year 1978. As a young boy his dream was to be a successful man, but due to his familys financial conditions he could not study any further and had to take up a job of a Truck driver. At the age of 21 he supported his family members with his hard earned money.

IDEA
As he worked as a truck driver for 5 years his job was to deliver goods from one end to another, and on this journey he met a distributor who gave him an opportunity to start his own business as an Clearing & Forwarding Agent which is named as M Thakkar Agencies.

HISTORY OF THE COMPANY

M. THAKKAR AGENCY and services private limited were founded in year 1983 by individuals with a vision of MR MAHESH THAKKAR creating a different logistics business commonly referred as C& F agent in India. He envisioned a company in which exceptional customers and employee treatment is the norm. M. THAKKAR AGENCIES embryo in 1983. He started as a Distributor for Maharashtra Agro Industries with the brand name Noga and Parrys Confectionery Ltd. Within a year he got a contract from Cadburys for Thane district. Along with which we also got S & D for Parrys Confectionery Ltd for some districts in maharashtra state like thane, raigad, nagpur. In 1994, the company introduced Ayur Vedic Bath Soap under the brand name Medimix and the products were manufactured by Dorcas Market makers Pvt Ltd. Additional to this they also diverse in C & F stream by dealing with Jaya Foods Industrial Ltd, based Hyderabad under the brand name Bambino.This is how he started his journey in C & F A field. There is a growth over the years. Today they are C & F agent for 8 reputed companies and S & D in 5 very demanding companies.

DIFFICULTIES
Now that his career had began in the field of Logistics as an Clearing and Forwarding Agent, he had to give it a boom and make it a larger business. Increase in business leads to Increase in difficulties. Some of the difficulties that Mr Mahesh Thakkar faced are as given under Manpower: As the business grew more manpower was required to deal with the orders. Hence increase in manpower leads decrease in profit. Office Space: As the manpower was increasing the space with which Mr Mahesh Thakkar had started was becoming small. A bigger space was required where people could sit and work. Technology: Whn MTA was found it consisted more of physical work, and as the company progressed it came up with new software technologies to keep track of inventory, and for this qualified manpower was required Availability of Bulk Transporataion: As MTA was progressing, orders were increasing amd do deliver the orders bulk transportation was needed. To avail more trucks for delivery more funds had to be released.

ACHIEVEMENTS
Best super distributor in west zone, Gold trophy for the year 1994-95. Winner of Rotated chairman trophy for the years, 1994-95, 1995-96, 1996-97. Highest sale for Parrys Confectionery Industrial Ltd (Chennai) in Mumbai for the year 2007-08. They were the FIRST to launch Medimix Ayur Vedic Bath Soap in Maharashtra (July 1994). At the time of launching the monthly turnover was 3 lakhs and today the monthly turnover is 2.75cr.

AIMS
Aim is to deliver best service and best value in the industry. They base their ability to do so on the following beliefs: Exceptional customer service is the key. They understand the referrals from their satisfied customers are better than any marketing tool available. A positive working environment breeds a better customer experience. They work hard while having fun so that the employees will enjoy working with the company. Use best available methodology and always pay personal attention to create an exceptional experience for the clients. Always focused on serving the best delivery requirements of various clients and their industries. Give the customer, the best customer service in the market. Meet or exceed customer expectations of highest quality, competitive pricing, flexible customization capabilities, and individual and company accontibility. To become a service provider who offers single window end to end logistics solutions. 6

MTA has been on unrelenting pursuit of 3E vision

EXCELLENCE A unified company vision and purpose combined with a commitment to excellence and integrity will create an environment where ordinary people can accomplish the extraordinary. This philosophy is the basis of all their relationships with the customers, suppliers, and employees ENTERPRISE To become proactive in the improvement and expansion of their current operations and management practices. EXPANSION Through organic growth and the acquisition of new business with like-minded and growth oriented companies that contribute to the purpose and vision their organization.

COMPANY VISION
A Satisfied Customer is our First Consideration is in true meaning exemplified by the caring and customized approach that MTA takes with each and every client. At MTA services have woven into process that produces recognized improvements in effciency and profitability. It has integrated its systems and process for quality and standardization with technologies and clients requirements in each distribution facility guaranteeing exceptional service throughout. MTA creates and executes solutions that lower costs, raise service levels and enhance ability to compete. MTAs Supply chain process combines all the elements of Plan, Source, Make, Hold, and Move into an integrated solution tailored to suit every business need.

3 PL ( Third Party Logistics) Services

MTA offers complete 3PL ( Third Party logistics) services commonly referred as C&F Agency in India. Various processes come into play in 3PL services from Warehousing, Fulfillment, Transportation Solutions and Logistics Consultancy. MTA provides 3Pl services at highly competitive rates on various pricing models. This enables people to concentrate on their core business, which surely improves the business performance, and save costs that might be spent between each process. AT MTA one can enjoy a combination of warehouse management, operations and distribution system that best suits their needs, a service backed up by advanced technologies but at reasonable charges. MTA provides innovative 3Pl services thanks to the advanced information systems and the team efforts on standardizing operations through the information system and a review of operation processes. These innovative 3PL services can locate wasteful processes, and find and remove the cause, which enhances the quality of logistics services.

TECHNOLOGY USED AT MTA

MTA manages their clients inventory and distribution with state-of-the-art warehouse management system(WMS) and software to provide pertinent and precise information, in real time. Warranty systems, Enhancement and support of warranty system , customer order processing , Accounts receivables, Debit/Credit note system involved in design , development specifications, implementation and testing , review and documentation. In todays global business environment , being efficient and providing global services are vital to stay competitive. MTA helps companies to elimante inefficiencies, monitor productivity, and continuously improve their operational performance in order to keep pace.

The MTA Commitment to their Clients

MTA respects the trust of their clients and takes this responsibility seriously, and always strives hard to deliver results that exceed expectations.

POLICIES OF MTA
1) Companies Policies: MTA endeavours to adapt a Customer-focused approach at all times with transparency. MTA strives to meet more than the Customer needs and expectations pertainging to Products, Quality, Value for money, and Satisfaction MTA greatly values its relationships with Customers and would make efforts at strengthening these relations for mutual benefits.

2) Energy Policy: MTA agency is commited to optimally utilizing various formas of energy in a cost-effective manner to effect conservation of energy resources. To accomplish this they promise to: a) Monitor closely and control consumption of various forms of energy through an effective Energy Managemnt System. b) Adopt appropriate energy conservation technologies c) Maximize the use of cheaper and easily forms of energy. 3) HRD Policy: MTA agency is commited to create an organizational culture which nurtures employees potential for the prosperity of the organization . To accomplanish this they follow: Provide inputs to the employees for developing their attitude towards work and for matching their compentencies with the organizational requirements. Create an enviroment of learning and knowledge sharing by providing means and facilities and also access to the relevant information and literature. Facilitate the employees for continuous development of their knowledge base, skills, efficiency, innovativeness, self expression and behavior so that

they can contribute positively with commitment for the growth and prosperity of the organization while maintaining a high level of motivation and satisfaction.

SWOT ANALYSIS
SWOT analysis is a strategic planning method used to evaluate Strength, Weakness, Opportunities and Threats.It specifies the objectives of the business firm and identifying internal and external factors that are favourable and unfavourable to achieve the objective. STRENGTHS: Understanding, respect and trust between the managers and the proprietor. Proper planning of dispatching. Training programmes. Strong sales department. Staff that is responsible and dedicated to their work. Systematic planning for dispatching goods to various locations. Strong advising team for taking qualitative decisions. WEAKNESSES: Increase in sale, at times leads to dispatch problems. illetrate drivers get stuck in the trap of some irrational customers. Extreme environmental changes (Flood) creates problems while dispatching. Goods cannot get delivered on time due to unpredictable traffic. OPPORTUNITIES: Reputation, goodwill of the firm brings lots of opportunities. Good relations with customers brings opportunities for expanding business. Goodwill and reputation of the company attract mre and more companys to deal with them. THREATS: Enviromental conditions (Flood), competition, union team. Increase in number of C& F and S& D has made the competition very strong. Sellers market is now converted to Buyers market.

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CONCLUSION
MTA is more than a just third party logistics provider and has the unique ability to tailor the needs of each client and industry served. MTA provides many of the successful world class third party logistics solutions. MTA is a trusted outsource partner and strives to be an extension of their clients business and not just another vendor.

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