Performance Appraisal of Mann Pharama

Performance Appraisal of Maan Pharmaceuticals Ltd.

Introduction:

Maan Pharmaceuticals Ltd. is a group company of good luck group. The good luck group is involved in multifaceted business like pharmaceuticals formulation s manufacturing, two wheeler, three wheeler & four wheeler distribution, submersible pump distribution, HDPE WOVEN SACK MANUFACTURING for fertilizer and cement industry and cable manufacturing.

"The company having a strong prescription base earned through ethical promotion will survive in the long run". This was the string connection with which company start its ethical operations in states of Gujarat and Rajasthan. On successful launch in these two states, company started spreading its wings in Orissa, up, Harayana, and Bihar gradually in the years 1995-96,1996-97, 1997-98 respectively .the Company is consolidating its base in the above mentioned states before venturing into other territories.

By the 4th year i.e. 1996-1997 companies started getting bulk business from institution. In the span of three years, company has a reputed clientele list which includes NGO's, Tamilnadu govt. / Gujarat govt., Punjab govt., Orissa govt., Tripura govt., Megalaya & central govt. Company also does business in Russia, East Africa and European countries like Belgium. In a total span of 7years, the company has achieved an initial growth rate of 100% in 5 consecutive years. Since the last two years company is growing at the rate of 150%.

The organization, which started its operation in a very humble way, is poised to become a pharmacy major. The basic requisite to develop infrastructure and to boost the confidence of the profession, the organization HAS ACQUIRED good. Manufacturing Practice as recommended by WHO and total quality and system implementation through ISO 9002.

Now the organization, with its inbuilt strengths is prepared to grow progressively and achieve 100 crore turnover by 2005. To achieve this goal, company has almost renovated...