Volume : 7, Issue : 6, June - 2018

WORKING CAPITAL MANAGEMENT IN AMARA RAJA BATTERIES LIMITED, CHITTOOR DISTRICT, ANDHRA PRADESH

Dr. M. Kumudini

Abstract :

<p class="MsoBodyText2" style="text-align:justify;line-height:150%;tab-stops:&#10;0in"><span style="color:black;mso-themecolor:text1">The battery is one of the most important man made inventions all throughout history. Today, it is generally used as a portable source of power. </span>Batteries are classified by chemistry and the most common are lead, lithium and nickel based. <span style="color:#222222;background:white">The battery industry in India that comprises automobile, sealed maintenance free (SMF), tubular and lead acid batteries, has been registering an annual growth rate of 25 per cent year on year. </span><span style="color:black">Amara Raja Batteries Limited is a multi-national company which manufactures and sells lead-acid storage batteries for industrial and automotive applications in India. </span>It is one of the biggest company of Amara Raja Group of companies located at Chittoor district, Andhra Pradesh. It was incorporated in Feuary 1985 as a private limited company and later converted into public limited company in the year 1990. The company is the largest supplier of stand-by power systems to various customer groups, such as telecom, railways, power control, solar, UPS, automobile, replacement markets, and private label customers. The company is also having prestigious automotive clients including Ford, General Motors, Daimler Chrysler, Ashok Leyland, TELCO and Mahindra &amp; Mahindra. Working capital is often referred to as life blood of an organization.<span style="mso-spacerun:yes">&nbsp; </span>It is the money required for carrying on day today activities of an organization. <span style="background:white">A<span class="tgc">n effective&nbsp;<span style="mso-bidi-font-weight:bold">working capital management</span>&nbsp;system helps businesses not only to cover their financial obligations but also boosts their earnings.&nbsp;Hence, an attempt is made to study the working capital management in</span><span style="color:#222222">Amara Raja Batteries Limited.</span></span>The present study covered aspects such as current assets, liquid assets, current liabilities and various ratios relating to working capital for the period <span style="color:#222222;background:white">2012-13 and 2016-17 i.e. 5 years</span>.</p>