GLUED TO GROWTH

DE­BARATI SEN HAS BEEN CLOSELY IN­VOLVED WITH 3M’S IN­DIA STORY.

Business Today - - THE MOST POWERFUL WOMEN IN BUSINESS - BY E. KUMAR SHARMA

AT SOME POINT OF TIME, you are bound to have used prod­ucts of 3M In­dia — be it of­fice sta­tionery prod­ucts like Post-it and glue stick to home care prod­uct such as the Scotch-Brite scrub sponge. 3M has kept pace in tune with the In­dia growth story af­ter the lib­er­al­i­sa­tion in 1991 and built on growth in the coun­try. At the con­clu­sion of its 30th year of op­er­a­tions in In­dia, De­barati Sen, Man­ag­ing Di­rec­tor, 3M In­dia,

WHY SHE MAT­TERS The com­pany has been post­ing strong growth un­der her

in­formed share­hold­ers about the per­for­mance by the com­pany in FY 2017/18 with turnover growth of 4.99 per cent and 30.19 per cent in­crease in prof­itabil­ity over the pre­vi­ous year. “Port­fo­lio pri­ori­ti­sa­tion, op­er­a­tional pro­duc­tiv­ity and lower ma­te­rial cost in­creased prof­itabil­ity at all lev­els dur­ing 2017/18,” she says.

Sen has been closely in­volved in the un­fold­ing growth story of 3M in In­dia in view of her long as­so­ci­a­tion with the com­pany. A bach­e­lor in elec­tron­ics en­gi­neer­ing and an MBA in mar­ket­ing and fi­nance, Sen be­gan her in­nings at 3M in 1996 as a divi­sion man­ager for the per­sonal safety divi­sion, and went on to be­come the man­ag­ing di­rec­tor in June 2016.

The share­hold­ers – 75 per cent by pro­mot­ers – could not be hap­pier, based on the strong per­for­mance of its stock. On the Bom­bay Stock Ex­change (BSE), its share was quot­ing at around ` 25,711 on Au­gust 11. In fact, for the quar­ter ended June 2018, 3M In­dia had an EPS (earn­ing per share) of ` 88.42, which on an an­nu­alised ba­sis trans­lates into earn­ings of ` 350 for a ` 10 share. Not just that, it en­joys a net profit mar­gin of 14.22 per cent and an oper­at­ing profit mar­gin of 23.35 per cent. All these num­bers are higher than the pre­vi­ous year.

MD,3M In­dia DE­BARATI SEN

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