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Neeraj Kochhar’s Advice to Businessmen Post the COVID-19 Pandemic

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The COVID-19 pandemic has affected the marketing and sales operations. With these operations being affected, several businessmen have lost the hope to survive. The man behind the success of Viraj Profiles says that during the pandemic, hope is one thing that should be held. In addition, Neeraj Raja Kochhar’s news brings to light that faith in a company’s values can also play a role. Mr. Kochhar’s advice to businessmen during the coronavirus pandemic is to hold on to these values while making decisions.

Let us read more about what Mr. Kochhar has to advise businessmen in these challenging times.

1. Avoid Switching to a New Business Plan When Unsure

The COVID-19 pandemic may have led you to see multiple situations as a business owner. You may have seen the shutdown of multiple companies mainly due to a lack of sales in the period. Surprisingly, there have also been instances wherein owners have decided to start a new business chiefly due to the downfall of the existing one.

Neeraj Raja Kochhar news explains that the pandemic has been known for taking unlikely turns. When the times are uncertain, switching to a new business plan may not assuredly work for every business owner. However, this businessman also suggests that when you are completely sure of the new plan, administering it with a backup can work in your favour.

2. Trust the Values of Your Organization

It is worth learning from Mr. Kochhar that the core values of an organization are important. According to him, when an organization makes its values, much time is invested in doing so. These values are thought of in such a way that the organization is able to pass through different kinds of situations.

The situations brought about by the pandemic seem to be very unusual. However, even when these situations don’t seem familiar and you lack the best decisions for your business, trusting the core values will be suggested. In the opinion of Mr. Kochhar, going through these values will help you decide what is best for your company.

3. Come up with Unique Solutions in Hard Times

Multiple business owners are of the opinion that hard times can come in the form of the coronavirus pandemic. However, these are not the only difficult times that you will have to face. Since such times should be expected without any announcement, you should always be ready to come up with unique solutions. Neeraj Raja Kochhar’s news also unfolds that hard times cannot be limited. Interestingly, limitations can be lifted from thinking inside a box. As unique solutions are employed, dealing with difficult times shall no longer worry the business owners.

4. Lend Support to Your Team

Businessmen like Neeraj Kochhar are known for their never-ending support to their teams. It is important to realize that in times brought about by the deadly virus, support is one thing that can motivate your team. It should be realized that supporting your team need not necessarily refer to financial help. A few words of encouragement and communication can also work in a major way to fill your team members with hope.

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In Summation

In times like COVID-19, relying on the expert advice of businessmen can present a direction of hope. Thus, the pieces of advice given here can be applied to steer through the pandemic. With trust in your company’s values and the ability to generate creative solutions, passing these times can be easier. Also, connecting with your team and supporting it in possible ways can strengthen the foundation of your company.

Source: https://english.newstracklive.com/news/neerajkochhars-advice-to-businessmen-post-the-covid19-pandemic-sc18-nu189-ta189-1166033-1.html

What makes Mr. Neeraj Raja Kochhar a successful businessman?

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Viraj Profiles Ltd. is a successful company that thrived through all the tough times that the world had to offer, from the Covid-19 and related setbacks to the international economic stagnancy. This brilliant company was founded by Mr. Neeraj Raja Kochhar in 1992 with a workforce of merely 150 people. Now, the company proudly powers over 9,000 employees and has a vast range of operations globally. Mr. Neeraj Raja Kochhar is often heard quoting Mr. Chris Grosser, “Opportunities don’t happen. You create them”.

It is through a true understanding that in life Mr. Neeraj Raja Kochhar’s net worth is where it is now. His aim and vision are to be counted amongst the most respected and preferred enterprises globally and for that Mr. Kochhar ensured continuous growth of the organization. He became the driving force behind the expansion plans of the current set-up which has made the company, one of the largest manufacturers and exporters of stainless steel long products globally.

Attributes of Success

  • Infrastructural Development
  • Donations
  • Solid Work Culture

We shall discuss all these in detail:

Infrastructural Development

Local schools, public parks, community centers, and other public properties in and around all their business/manufacturing locations are backed by the support of Mr. Kochhar. It is a part of the company’s CSR initiatives. Mr. Neeraj Raja Kochhar’s net worth is not only large in numbers but also huge in kindness. In continuation of that, the company even engages in the renovation of local schools, community centers, Aanganwadi Kendras, and temples as part of their initiatives. Such CSR initiatives help an employee feel more connected with the world around them and boost their morale and dedication towards their work and increases loyalty towards their company.

Donations

Mr. Kochhar was recently the headline of several news channels for his philanthropic actions, particularly for his donation of 1,000 raincoats to the Mumbai Traffic Police. It is no news that the rains in Mumbai have perpetually been relentless and as a token of appreciation and whatever little comfort he could provide to all the personnel, he did to aid them in performing their duties with some comfort. Mr. Neeraj Raja Kochhar’s net worth is always attributed to the support of the society and people around him and hence, he returns the good deed whenever possible and whichever way possible.

Solid Work Culture

By actualizing their motto- “By letting your employees grow, your company grows exponentially”. Mr. Neeraj Raja Kochhar’s net worth is owed to the fact that his brainchild, Viraj Profiles Ltd. which is the largest manufacturer of steel in Asia and is statistically growing globally. The work culture in the company is that of a flexible kind, backed by the support of the management to those that want to take risks and have a hunger for excellence and success individually because that is the only way to succeed collectively.

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Conclusion

Mr. Kochhar’s active involvement and strong leadership have led the company to newer heights in the past and at this pace, the future seems bright and full of great possibilities of success as well. It is due to his vast knowledge and interest in the area of his business and his commitment to the Indian economy that today, Viraj Profiles Ltd. is self-reliant in terms of logistics and almost self-reliant in terms of manufacturing. Viraj Profiles Ltd. expanded its foothold in markets across

  • 6 continents,
  • Over 90 countries and is currently either dealing with or satisfied over
  • 1,300 customers worldwide.

Mr. Kochhar displays the traits of a clear achiever with a desire to be the best in his field, to develop new skills in these dynamic times as and when need be and that gets extended from his personal life to the functioning of his company. To know more about Mr. Neeraj Kochhar, his early life, his struggles, and his successes, one can head to Viraj Profile Limited’s official website, which can be accessed in both Hindi and English.

Source: https://www.vernamagazine.com/2021/07/09/what-makes-mr-neeraj-raja-kochhar-a-successful-businessman/

Neeraj Kochhar Viraj Group extends support to his employees during COVID 19 outbreak

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Neeraj Kochhar Viraj Group Mumbai: Protecting the health and prioritizing safety of employees were at the forefront of many businesses since the beginning of the COVID-19 outbreak. As such, a lot of companies started integrating significant process changes that could effectively track and monitor the implementation of necessary health standards. Various such processes were demonstrated by the Stainless Steel giant, Viraj Profiles Limited, who began daily audits in order to gauge the effectiveness of new health and safety measures for their newly instituted protocols. These include:

  • New communication methods (e.g. text messages and signboards and using digital medium replacing the traditional mediums like paper and pen).
  • Cafeteria tables and seating arrangements have been re-organized with social distancing in mind so that the employees can use these spaces safely.
  • Reducing office traffic and congestion by implementing new ways for teams to clock in and out such as contactless attendance, ending post-shift security screenings, and staggering shift starts and break times.
  • Office seating systems have been rearranged keeping social distancing in mind
  • Arranging for free transport services for the employees while following COVID-19 safety guidelines
  • Adjusting training / meeting / conference schedules to minimize the number of employees gathering in one spot.
  • Ensuring hiring processes encourage social distancing and moving many activities like interview, screening, onboading etc completely online.
  • Moved most of their workforce to work from home including hustling equipment to people who need it and getting them set up with internet.
  • Developed and commissioned Covid Isolation ward for its employees

By doing so, Viraj was able to ensure that their team members are informed, educated, and in full compliance with the new guidelines.

As part of their COVID-19 response, the company instituted additional cleaning and sanitization routines focused on high-touch surfaces. They’ve also encouraged remote working among employees and have restricted travel and visitors to their facilities. Given the impact of this pandemic on people’s mental health, Viraj launched daily guided meditation sessions for its employees across all the plants and offices. Through this activity, the company was able to offer mental peace to its diverse base of around 9000 employees working in different plants units.

Talking about the new guidelines for employees, Mr Neeraj Kochhar, Chairman and Managing Director, Viraj Profiles Limited shared, “Viraj Profiles has taken the initiative to provide their employees with all kinds of support during these tough times. The company went a step further by providing its employees with access to the free financial, health and mental resources which they need to stay safe during the COVID-19 pandemic. Our employees now benefit from a range of services to address health, mental or financial concerns arising out of the pandemic situation.”

  • Access to free mental health professionals, through the Employee Helpdesk Program
  • Free financial planning support, with access to certified planners
  • Free health care consultancy with the in-house medical team
  • Well-being modules and functionality designed to get employees to stay physically and mentally healthy at home
  • Guided meditation session for employees across all our offices and plant locations
  • Encouraging virtual workouts and exercise and staying connected all the time

Mr Neeraj Kochhar further adds, “This pandemic has shown how critical it is to embrace our humanity, be understanding and caring — and that holds true for companies, too. Make sure ‘human’ is prioritized in Human Resources. At Viraj, we’ve been driven by what’s right and we will do whatever we can to support the well-being of customers and employees. In these uncertain times, how you treat your employees will be remembered for years to come. How we respond will have a lasting impact on employee behaviour including, engagement, productivity and loyalty. Health and well-being, financial stability, and job security are top concerns for employees right now and at Viraj we help address those fears in meaningful ways.”

He further adds, “we have also commissioned a COVID isolation ward for our employees where a qualified team of doctors will be monitoring the patient round the clock and all kinds of support and medication shall be provided by the company.”

About the company : Neeraj Kochhar Viraj Group

Viraj Profiles Ltd is one of the largest manufacturers and exporters of Stainless Steel long products in the world. With a turnover of USD 1.5 Billion, the company is exporting its stainless steel products (Wire Rods, Wires, Welding Wires, Flanges, Fasteners, Bright Bars, and Profiles) to more than 1300 customers based across 90 countries spread over 6 continents. With a melting capacity of 528,000 tons per annum, the company produces more than 50,000 SKUs in various grades like Austenitic, Ferritic, Martensitic, Duplex, and Electrode in various shapes and sizes.