Good Health Can’t Wait.

Good Health Can’t Wait.
Dr. Reddy’s Laboratories Limited
19,800+
Employees worldwide.
(i) Preventable, (ii) Strategic and (iii)
External risks. The Finance, Investment
and Risk Management Council (or FIRM
Council), is the Company’s management
committee that helps the ERM function
to prioritize organization-wide risks,
review and steer mitigation efforts in line
with the Company’s risk capacity and
appetite. The FIRM council also oversees
financial risk management and capital
allocation decisions.
REVIEWING THE STATUS OF
MITIGATION AND RESIDUAL RISKS
The Head of Dr. Reddy’s ERM team
provides periodic updates to the FIRM
Council and the Risk Committee of the
Board of Directors. These include:
(i) quarterly updates on the progress of
mitigation of key risks, and (ii) specific
initiatives carried out on risks during
the year.
During FY2015, the ERM team facilitated
mitigation for certain geo-political and
country risks, on forex and devaluation of
currencies, on transfer risk and on people
security. The team enhanced its key risk
indicator tracking capabilities, developed
a loss-data tracker and constructed a key
learning’s summary for the year.
On financial risk management, the team
helped in developing a framework
to enable making capital allocation
decisions. It also assisted management
in documentation and review of internal
financial controls as required by the
Companies Act, 2013.
HUMAN RESOURCES
Adjudged among the best employers
in India, we at Dr. Reddy’s periodically
renew our HR strategy to better engage
with people and drive productivity across
our 19,800-plus employees worldwide.
Currently, our HR Strategy is designed to
place our People Managers at the heart
of all our employee practices. In this,
we have stepped up our investments
in leadership development and talent
management programs.
Our focus on leadership development
and talent management was further
strengthened this year. We continue to
invest in our leadership development
program which is built on the four tenets
of ‘Lead Self, Lead Others, Lead Change
and Lead Business’. The participants
are beginning to show significant shifts
in their development journey and the
organization is benefiting through unique
breakthrough projects that have been
undertaken. We received CNBC ASIA’s
India Talent Management Award this year
as a recognition for our effective talent
management practices.
Dr. Reddy’s is an employer of choice
for women. We lay special emphasis on
helping our women colleagues grow
professionally and personally as a part of
our strategy to attract and retain the best
talent in the industry. This year we made
distinct progress in this area and rolled
out our enabling policies and programs
to help enhance gender diversity. Our
focus on productivity also got an impetus
as we benchmarked our productivity with
industry and executed organizational
design interventions that focused on
delayering, reducing spans, sharply
defining roles and agreeing on tighter
manning norms. We also launched our
new HR IT portal to help automate key
HR processes.
OUTLOOK
The Company believes that its focus
on profitable growth and targeting a
leadership position in Global Generics
and PSAI will create significant value in
the near term.
In GG, improving depth through
portfolio expansion, cost leadership,
consistent delivery of limited
competition products and supply
chain excellence should lead us to
leadership positions in key markets. In
PSAI, the objective is to be the partner
of choice by creating compelling value
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