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Walchand Peoplefirst Ltd.

Walchand PeopleFirst Ltd (formerly, Walchand Capital Ltd) was founded by Seth Walchand Hirachand in 1920 and is listed on the Bombay Stock Exchange. Its history spanning over 8 decades, has witnessed many exciting developments in its attempt to continually adapt to and exploit the changing business exigencies. In it's early phase of growth, the company expanded it's investments in the sectors of civil construction, pre-fabricated concrete manufacturing, heavy engineering, light engineering, automobiles, sugar and confectionery, by holding the controlling interests in these ventures. As a Group of Companies, the Walchand Group had been considered among the top business houses in India.

In order to expand its activities from a Group holding company and to take advantage of the new financial trends, the company also commenced its own leasing and financing operations in the 80's.

With changing business circumstances on account of the liberalisation and globalisation in the early 90's, the Group decided to restructure its various businesses in separate undertakings in order to insulate businesses from each other. In 1994, the first phase of restructuring took effect when the company divested its holdings in the automobile and heavy engineering companies. This enabled the company to substantially expand its Balance sheet and to strengthen it further by clearing all its long-term liabilities.

The company, since 1994, was engaged in short-term corporate financing. It is a registered NBFC, enjoying a rating for adequate safety, and had successfully launched its fixed deposit schemes and retail finance operations. However, the new Reserve Bank of India guidelines had a restrictive impact on the prospect of growth in these operations and the company took a strategic decision to withdraw from its fund-based activities. The company had also received certification from SEBI as Category 1 Merchant Banker. The Company had also subsidiarised its securities trading operations wherein it holds the Pune Stock Exchange card and the OTCEI broker card. During the recessionary phase since 2001 the company strategically reduced its exposure in the financial services industry.

Company Album

  • our-founders
  • board-of-directors
  • our-management
  • our-clientele

Factsheet

Basic Information

Nature of BusinessService Provider
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Annual TurnoverRs. 25 - 50 Crore

Statutory Profile

GST No.27AAACW0364J1ZA
CIN No.L74140MH1920PLC000791

About Us

Walchand PeopleFirst Ltd (formerly, Walchand Capital Ltd) was founded by Seth Walchand Hirachand in 1920.

Over its nearly eight decade history, the Company has promoted ventures across diverse sectors such as civil construction , heavy engineering, automobiles and sugar. With a successful divestment and restructuring of assets in 2000, Walchand PeopleFirst Ltd, formerly, Walchand Capital Limited ventured into the new economy and the services sector.


Each and every venture is ingrained with the enterprising spirit inculcated by Seth Walchand Hirachand, the daring to dream and to convert dreams into reality. Coupled with this is the zest of the new world with global standard services and value

Our Founders

Our Founders

Seth Walchand Hirachand – The Patriot Entrepreneur

A man of rare talent and conviction, Seth Walchand Hirachand believed that his life's mission was to free India from her economic bondage. He dedicated his life to make India self- reliant and he fired this up with unrelenting enthusiasm to empower people and establish new realities.

Seth Walchand Hirachand’s life is a manifestation ‘management thought’. It was a life guided by a powerful vision, through this tremendous vision he generated some out-of-the-box strategic thinking, chartered the road ahead with impeccable planning, unparalleled human resource empowerment and rigorous project management.

Hailing from a from a trading community that migrated to Sholapur from Saurashtra in the middle of the 19th century, Seth Walchand Hirachand was not born into an industrial family. His entrepreneurial journey started after he completed his education in Bombay and Poona.

A small railway contract in Maharashtra lead Seth Walchand Hirachand to create enterprises that spanned the entire industrial spectrum. Seth Walchand Hirchand's ventures covered:

1. Construction
2. Shipping
3. Engineering
4. Agriculture and Agricultural Products
5. Automobiles
6. Aerospace
7. Finance

An avid traveller, Seth Walchand Hirchand headed the Federation of Indian Chambers of Commerce and many other organisations.

In many ways, Seth Walchand Hirchand has been the father of Indian industry. We are honoured to be operating under this legacy and strive to keep up the values instilled by him

+ Read More

About The Company

Walchand PeopleFirst Ltd (formerly, Walchand Capital Limited) has ventured into the services sector, embarking on a new phase of growth, focusing on Talent Development and Consulting.

Pallavi Jha, Chairperson and Managing Director, has steered the company's business direction into Consultancy Services for performance enhancement and business skills development in partnership with Dale Carnegie & Associates, the world leader in performance-based training and skills development.

Headquartered in NewYork, USA, Dale Carnegie & Associates has a presence in 86 countries. It has trained more than 8 million people worldwide in more than 30 languages. Over 400 of the Fortune 500 companies and successful individuals from Olympic champions to Heads of States have been our clients.

With the establishment of Dale Carnegie Training India, Walchand PeopleFirst represents the first corporate face of the Training industry in India. In the last 3 years of operations, it has succeeded in setting new global benchmarks and has created a quiet revolution in this sector. It has become the first choice partner amongst leading corporates and professionals including Tata Teleservices, Reliance Industries, Mahindra & Mahindra, State Bank of India, Philips, Sahara, Prudential ICICI, HSBC, HDFC Chubb, Standard Chartered, Wartsila, Oracle, Microsoft, Wipro Spectramind, Bharti, Alfa Laval, Sterlite Industries, ABN Amro, Ernst & Young, McKinsey, PricewaterhouseCoopers, Ansal API, HPCL, DSP Merriyll Lynch, Genpact, WNS, Kurukshetra University,etc.

Expanding its portfolio of services, Walchand PeopleFirst also offers a broad range of assessment consultancy services in partnership with PerformanSe SAS.

Headquartered in France, PerformanSe SAS is Europe’s largest Competency Assessments firm. PerformanSe has over 17 years of experience and has engaged university researchers in Knowledge Mining and Artificial Intelligence with experts in Human Resources (Work Psychology) in developing expert systems that are specialized in behavioral skills assessments.

Launched recently in India, Walchand PeopleFirst has promoted and successfully delivered various online behavioral skills assessment solutions to individuals and organizations including Kodak, Orbit Corporation, LIC, SBI, Alchem, Ras –al – Khaimah, Godrej, Debenham Tie Leung (DTZ), IDBI etc. .

Deepening the connect with education, Walchand PeopleFirst is establishing the , a pioneering initiative oriented for achieving Executive Excellence to enhance employability of young graduates and students. The first such school is established in Bengalooru+ Read More

Board of Directors

Board of Directors

Pallavi Jha

Chairperson & Managing Director

Walchand PeopleFirst Ltd.

 

Pallavi Jha is the Chairperson & Managing Director of Walchand PeopleFirst Ltd a publicly listed company. Walchand PeopleFirst has international partnerships with some of the world's leading firms and brands such as Dale Carnegie, USA (training), and PerformanSe, France (Assessments).

 

Pallavi has diversified exposure to various management practices in areas such as training and development, HR, consulting and business restructuring, covering a wide range of industries from media, entertainment, technology to the financial services sector and the engineering industry.

 

She has singularly led the India operations into the fastest growing region for Dale Carnegie Training, winning several global awards for service and sales excellence.

 

She has been a vocal spokesperson for industry associations, and has chaired and moderated panel discussions involving India's leading business leaders. She has played a pioneering role in setting up India's first Finishing School focused on soft -skills training, the missing ingredient in the talent development and employability challenge confronting Indian industry.

 

She has been a keynote speaker and a panel member in various forums on business, HR, training and leadership. She is an active member of the Confederation of Indian Industry and has held offices of the Chairperson for Maharashtra Council, CII and the Skills Development Committee for CII, Western Region. She is also an active member of the National Council on Skills Development, CII and its National Sub-committee on School Education. Additionally, she has been part of women's groups, which has encouraged first generation women entrepreneurs into taking business initiatives.

 

As a member of Rotary Club of India, Pallavi pursues her efforts in social projects. She has also received recognition as a Paul Harris Fellow.

 

Earlier, was Executive Director of India's leading construction company, HCC, an erstwhile Walchand Group company before starting off her own ventures. She also worked briefly in market research at Feedback Ventures and Procter & Gamble.

 

Pallavi is an MBA from Syracuse University, New York and a graduate in humanities from St Xavier's College, Mumbai.

 

 

 

Mr. Sanjay Jha

Executive Director

Dale Carnegie Training India

 

Sanjay Jha is the Executive Director of the world-famous Dale Carnegie Training operations in India, which has a global experience of having worked with over 400 of the Top Fortune 500 companies. In India, Dale Carnegie has worked with over 1500 corporate firms, multinational companies, public sector, government and NGOs and trained more than 180,000 Dale Carnegie graduates in the last ten years. His area of professional interest and management science specialization includes leadership development, creating the vision and mission map and enhancing employee engagement. Sanjay is an Executive Coach and Mentor who has advised top management, including CEO’s as well as senior political leaders.

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Our Management

Our Management

Mr. M. N. Bhagwat - Director

 

Mr. Bhagwat did his Bachelors Degree in Mechanical & Electricals engineering from the University of Pune, M.S. (Mechanical Engineering) from University of IIinois, USA and Diploma in Business Management from the prestigious Bajaj Institute of Management Studies, Mumbai.

 

He worked in various senior positions both in India and abroad, which includes Blue Star, Yokogawa Blue Star, Total Mechanical Systems Inc., USA, Skidmore, Owings & Merril, Chicago, USA and Managing Director of Tata Honeywell Limited. He is currently advisor to Tata Sons Limited and heading the Corporate Assurance Group, which administers the Tata Brand equity and the Tata Code of Conduct. He is Chairman of the Audit Committee of Walchand PeopleFirst Ltd, formerly, Walchand Capital Ltd.

 

Dr. Satish C. Jha - Director

 

Dr. Satish C. Jha has done his M.A. from Patna University and M.Sc. & Ph. D., in Agriculture Economics from the prestigious Stanford University and University of Illinois, USA.

 

Dr. Jha was a Consultant to the Economic Commission for Asian and Pacific (UN) during 1995-96. Prior to this, he was Director of Research – Indian Society of Agricultural Economics, Bombay during 1963-68 and Director & Chief Economist

– Asian Development Bank, Manila, Philippines during 1968-1994.

 

He was on the Board of The Delhi Stock Exchange Association Ltd. He is also active in various industries forums and has delivered number of keynote addresses in various forum of topical interest.

 

Mr. V.K. Verma - Director

 

A veteran of human resources function, Mr. V.K. Verma began his career at Tata Motors over 3 decades back as a Technical and Management Trainee and worked on many line assignments in the company’s various Production & Engineering departments. Since then, he has held position of increasing responsibility, culminating with his appointment as the Head Corporate HR in 1996. In this role, he has been responsible for the design and implementation of HR enable change management and Turnaround, which includes restructuring of workforce and amicable VRS of over 550 bargain-able employees.

 

His contribution in planning and implementation of the growth linked HR strategy including restructuring of commercial functions and strengthening of Product development function was well recognized at Tata Motors. His other notable achievements were Development of the competency Framework, institutionalising Leadership Dev processes including Talent Management & Fast Track systems.

 

Mr. V.K. Verma holds a bachelor’s degree in Electrical Engineering from Regional Engineering College, Bhopal and has Post Graduated in Business Management form X.L.R.I., Jamshedpur. He was a rank holder both at the University level and the B-school. He was a Member of the National Technical Training cell of CII and was the Chairman of the Western Regional Technical Training Group. He continues to be a visiting faculty at several B Schools and TMTC.

 

Dr. V.N. Gupchup - Director

 

Dr. V. N. Gupchup is a Civil and Structural Engineer with degrees of Bachelor of Engineering (Civil) from the University of Bombay in 1958 and Master of Science & Doctor of Science in Civil Engineering obtained in 1959 & 1963 respectively, from the Massachusetts Institute of Technology (MIT) in USA.

 

He has been active in the field of Technical Education for more than thirty five years and has provided leadership in this field in the State of Maharashtra. He has contributed to various aspects of the development of Technical Education at the National level through his association with the All India Council for Technical education and the University Grants Commission.

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Our Clientele

Our Clientele
  • Huntsman
  • Cavinkare
  • MAVIM
  • Monsanto
  • Taj Group of Hotels
  • Morgan Stanley
  • Behr India
  • Fujitsu Consulting
  • Fiat India
  • Anand Rathi Financial Services
  • Kodak
  • Novartis
  • Orbit Construction
  • Coloplast
  • E-Meditek Solutions
  • L&T Infotech
  • Titan
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