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Thursday, October 22, 2009

SIEMENS Finance Project Report (Finance)

SIEMENS, the 55% Indian subsidiary of Siemens AG, Germany is a leader in the electrical and electronic engineering sector. It offers products, systems, solutions and services in power generation, power transmission and distribution, automation and drives, industrial solutions and services, transportation systems, enterprise communications, mobile phones and medical solutions. Siemens AG holds a 54.6% stake in SIEMENS. The company was established in 1957.

The company has a wide presence across the country; its operations include 15
Manufacturing plants and 16 sales offices. Siemens`s Worli plant makes medical equipment. The three Kalwa units make motors, switchgear, and switchboards. The Nashik unit makes industrial automation products, controllers, PLCs and UPS. Joka works makes control boards and switchboards. Aurangabad makes switchgear and photovoltaic modules. Goa makes medical equipment.

SIEMENS derives 33% of its revenues from the automation and drives division, followed by 24% from the power division, 18% each from Siemens Information Systems (SISL) and healthcare/other services divisions. During fiscal 2005, it acquired Siemens VDO Automotive, Demag Delaval Industrial Turbo machinery, and 51% interest in Pimac Engineers and Services.

SIEMENS has a vast global network of 461,000 people, operating in over 190
countries. In India, SIEMENS mirrors the portfolio of Siemens AG, except that Siemens VDO Automotive, and Siemens Public Communication Networks operate as separate companies. SISL, another group company, is now a 100% subsidiary of SIEMENS, and Siemens Building Technologies (SBT) has already been merged into Siemens.


Project Report of SIEMENS

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