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Fabindia - A Fabric
    of our lives
Contents


•   History of Fabindia
•   Fabindia – a unique business entity
•   Some factoids about us
•   What makes us a great place to work
     − Alignment of ideology
     − Shared ownership and Entrepreneurial work
       culture
     − Growth from within
     − Transparent
     − Empowering women
Historical Perspective

1960 Fabindia Inc established

1976 Flagship store at Greater
     Kailash, FOPL established

1976 – 1994 Single store

1999 – 2011 Grew from 5 stores to
141 stores

Fabindia moved from shy to
aggressive growth, all the while
ensuring profitability in spite of the
near vertical growth
Fabindia – a unique business entity
 Twin Mandate :
• A viable, profitable retail platform for products
  created using hand-based processes

• The creation of skilled, craft-based sustainable jobs
  in the rural sector
The Fabindia Business Model
                                          - Traditional brand loyalty
                                          - Product accessibility
                                              - Visibility
                            Customers         - Range
- Crisil rating of                        - Contemporary
  AA -                                    - Belief in product
- Inclusive
  ownership :
  approx. 70% of
  the staff across
  levels own
  company stock                                  - Sustaining Craft
                            Fabindia             - Artisan
                                                   empowerment


                 Owners /                Artisan
                Employees               Community
Some factoids to understand us
• Employee strength - 1500 +
   – Fabindia Employees – 1100
   – Contracted staff – 400
• An “Equal Opportunity” employer 
   1.78 -1 mix (Men- Women)
   76% of the management are women
• Over 30% staff have been in the company over 5 years
• Ratio of HR to staff 1: 125
• GPW results were very surprising for us 
So how do we make it all work ?
The Fabindia Core Values

• Ownership of Company goals

• Mutual Respect and Humane Approach

• Fairness in our Intent

• Honesty in all our actions

• Result Orientation

• Continuous Improvement

• Leadership by Example
Alignment of Ideology
Driving business success while ensuring sustenance of
  craft
   – Hiring to translate passion for our ethnic crafts and
      business ideology into satisfying careers
   – Our hiring specifications for management levels tests
      candidates on their commitment to the above
   – All induction and orientation processes reinforce the
      dual objectives of our business model
   – Demonstrated belief in organizational values is one of
      the key parameters in performance assessment for
      senior roles
Shared Ownership

Approx. 70% of our employees across levels own the
  company stock
   – Opportunity for Wealth creation
   – Opportunity to partner in success
Entrepreneurial work culture

• Independent SBUs run the regions
   – Decentralized
   – Each store a profit center and each store manager
     an entrepreneur with a P&L responsibility
• Profit sharing plans for over achievement
• COC’s ensures Artisan empowerment
   – Sustainable community development
Performance and Development Focus




             Centres of Excellence

   as drivers for service improvement and focus on
              continuous development
Obligations of a COE

                              To the             To the Store
  To customer
                           Organization              Team
• Consistent             • Conformity to all   • Highly motivated
  standards of             processes             team
  service                • High productivity   • High investment
• Excellent level        • Excellent             in team member
  of customer              customer              development
  interaction              feedback            • Stress reduction
• High levels of         • Training ground       in the working
  personalization          for new               environment as
• Very high                employees /           process
  initiative to get        stores                conformation
  feedback and                                   increases
  give follow up
Support provided to a COE


                  •   Classroom
                  •   On the job
Training inputs   •   Technical
                  •   Behavioral



                  • Motivation through visibility
                    and recognition
 Other inputs     • Process changes / inputs
Growth from Within

• IJP process
   – Opportunities for growth from within
   – Setting people up for the next role
   – Considerate of individual needs – relocations
   – Humane approach in application of policy decisions
• Generalist skills being made specialized
   – Functional and Behavioral competencies for every position
   – Biannual assessment of development needs through multi
     source feedback
   – IDPs and PIPs for every individual up to a certain level
   – Strong alignment of the L&D curriculum with the competencies
   – Training budget available even during the recession
High level of transparency-
All employees are treated as shareholders in decision
   making

• Simple HR processes and policies

• Role of HR is to create disproportionate impact (1:125)
    – work with each employee as an individual
Empowering Women

• 76% of management positions are staffed by women

• Feeling secure, safe and empowered

• Growth and leadership
  • Women Intrapreneurs
In Summary
• We value our unique business model
• We strive to align our business and employee ideologies
• We empower our stakeholders and encourage
  participative ownership of brand Fabindia
• We have a strong focus on development and growth
  from within
• Our core culture has not seen a dilution despite changes
  in our environment
• Every employee feels connected, recognizes his/her role
  in the success story that is Fabindia – in spite of rapid
  growth.
THE VISIONARY

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Fabindia

  • 1. Fabindia - A Fabric of our lives
  • 2. Contents • History of Fabindia • Fabindia – a unique business entity • Some factoids about us • What makes us a great place to work − Alignment of ideology − Shared ownership and Entrepreneurial work culture − Growth from within − Transparent − Empowering women
  • 3. Historical Perspective 1960 Fabindia Inc established 1976 Flagship store at Greater Kailash, FOPL established 1976 – 1994 Single store 1999 – 2011 Grew from 5 stores to 141 stores Fabindia moved from shy to aggressive growth, all the while ensuring profitability in spite of the near vertical growth
  • 4. Fabindia – a unique business entity Twin Mandate : • A viable, profitable retail platform for products created using hand-based processes • The creation of skilled, craft-based sustainable jobs in the rural sector
  • 5. The Fabindia Business Model - Traditional brand loyalty - Product accessibility - Visibility Customers - Range - Crisil rating of - Contemporary AA - - Belief in product - Inclusive ownership : approx. 70% of the staff across levels own company stock - Sustaining Craft Fabindia - Artisan empowerment Owners / Artisan Employees Community
  • 6. Some factoids to understand us • Employee strength - 1500 + – Fabindia Employees – 1100 – Contracted staff – 400 • An “Equal Opportunity” employer  1.78 -1 mix (Men- Women) 76% of the management are women • Over 30% staff have been in the company over 5 years • Ratio of HR to staff 1: 125 • GPW results were very surprising for us 
  • 7. So how do we make it all work ?
  • 8. The Fabindia Core Values • Ownership of Company goals • Mutual Respect and Humane Approach • Fairness in our Intent • Honesty in all our actions • Result Orientation • Continuous Improvement • Leadership by Example
  • 9. Alignment of Ideology Driving business success while ensuring sustenance of craft – Hiring to translate passion for our ethnic crafts and business ideology into satisfying careers – Our hiring specifications for management levels tests candidates on their commitment to the above – All induction and orientation processes reinforce the dual objectives of our business model – Demonstrated belief in organizational values is one of the key parameters in performance assessment for senior roles
  • 10. Shared Ownership Approx. 70% of our employees across levels own the company stock – Opportunity for Wealth creation – Opportunity to partner in success
  • 11. Entrepreneurial work culture • Independent SBUs run the regions – Decentralized – Each store a profit center and each store manager an entrepreneur with a P&L responsibility • Profit sharing plans for over achievement • COC’s ensures Artisan empowerment – Sustainable community development
  • 12. Performance and Development Focus Centres of Excellence as drivers for service improvement and focus on continuous development
  • 13. Obligations of a COE To the To the Store To customer Organization Team • Consistent • Conformity to all • Highly motivated standards of processes team service • High productivity • High investment • Excellent level • Excellent in team member of customer customer development interaction feedback • Stress reduction • High levels of • Training ground in the working personalization for new environment as • Very high employees / process initiative to get stores conformation feedback and increases give follow up
  • 14. Support provided to a COE • Classroom • On the job Training inputs • Technical • Behavioral • Motivation through visibility and recognition Other inputs • Process changes / inputs
  • 15. Growth from Within • IJP process – Opportunities for growth from within – Setting people up for the next role – Considerate of individual needs – relocations – Humane approach in application of policy decisions • Generalist skills being made specialized – Functional and Behavioral competencies for every position – Biannual assessment of development needs through multi source feedback – IDPs and PIPs for every individual up to a certain level – Strong alignment of the L&D curriculum with the competencies – Training budget available even during the recession
  • 16. High level of transparency- All employees are treated as shareholders in decision making • Simple HR processes and policies • Role of HR is to create disproportionate impact (1:125) – work with each employee as an individual
  • 17. Empowering Women • 76% of management positions are staffed by women • Feeling secure, safe and empowered • Growth and leadership • Women Intrapreneurs
  • 18. In Summary • We value our unique business model • We strive to align our business and employee ideologies • We empower our stakeholders and encourage participative ownership of brand Fabindia • We have a strong focus on development and growth from within • Our core culture has not seen a dilution despite changes in our environment • Every employee feels connected, recognizes his/her role in the success story that is Fabindia – in spite of rapid growth.