MANOJ S RWF Final

Internship Report on
“RAIL WHEEL FACTORY”

Bengaluru
By
MANOJ S
USN:1MV21BA051
Subject Code:20MBAIN307
Submitted to
VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELAGAVI
In the partial fulfilment of the requirement for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION
Under the guidance of
INTERNAL GUIDE EXTERNAL GUIDE

SWARNALATHA Mr. POONACHA C G
ASSISTANT PROFESSOR Chief Inspector RWF
Department of MBA
SIR M VISVESVARAYA INSTITUTE OF TECHNOLOGY
HUNUSAMARNAHALLI, INTERNATIONAL AIRPORT ROAD,

YELAHANKA, BANGALORE- 562157
2021-2023
SIR M VISVESVARAYA INSTITUTE OF TECHNOLOGY
BANGALORE- 562157
DEPARTMENT OF MBA
CERTIFICATE
This is to certify that MANOJ S bearing USN -1MV21BA051 is a bonafide student of

Master of Business Administration course of SIR M. VISVESVARAYA INSTITUTE
OF TECHNOLOGY (Batch), affiliated to Visvesvaraya Technological University,
Belgaum. Internship report on ORGANIZATION STUDY is prepared by him/her in
Offline/ Freelance under the guidance of Mrs.SWARNALATHA, ASSISTANT
PROFESSOR, DEPARTMENT OF MBA, in partial fulfillment of the requirements for the
award of the degree of Master of Business Administration of Visvesvaraya

Technological University, Belgaum Karnataka.
Signature of Internal Guide Signature of HOD
Signature of Principal
External Viva Voce Examination
Name of the Examiners Affiliation Signature of the Examiners
1.
2.
DECLARATION
I, Mr. MANOJ S, hereby declare that the internship report entitled on

“ORGANISATION STUDY ON RAIL WHEEL FACTORY, is prepared by me
under the guidance of Mrs. SWARNALATHA, Assistant Professor,
Department of MBA, Sir M Visvesvaraya Institute of Technology, Bangalore.
I also declare that this internship work is towards the partial fulfilment of the
University regulation for the award of degree of Master of Business
Administration by Visvesvaraya Technological University, Belagavi.
I have undergone an Internship for a period of four weeks. I further declare

that this project is based on the original study undertaken by me and has not
been submitted for the award of any degree/diploma from any other
University/ Institution.
Place: Name: MANOJ S

Date: USN: 1MV21BA051
ACKNOWLEDGMENT
I wish to express my sincere gratitude to Prof. Rakesh S. G, Principal SIR

MVIT for permitting me to undertake the project work.
I would place on record my sincere gratitude to Dr. Priyanka Sharma,

Associate Professor and HOD, Department of MBA for her constant support
and invaluable guidance throughout the completion of the project.
I am extremely thankful to Mrs. SWARNALATHA, Assistant Professor,

SIR M VISVESVARAYA INSTITUTE OF TECHNOLOGY, Bangalore,
for her technical expertise, advice and excellent guidance. The support given
during the project guidance was immense and helped me complete this
Endeavour with satisfaction.
I would like to thank “RAIL WHEEL FACTORY” for giving me the

opportunity to associate with such an esteemed organization and gain
practical exposure.
I would also like to thank my External Guide, Mr. POONACHA C G

Chief Inspector, RWF, for his constant guidance and support, which helped me
successfully complete the project undertaken.
I would like to extend my thanks to my family and all my friends who

helped me in completing this project work successfully.
Place: Student Name:
Bengaluru MANOJ S
ORGANISATION STUDYAT RAIL WHEELFACTORY
TABLE OF CONTENTS
CHAPTER CONTENT PAGE NO
1 Introduction about the organization & Industry 1-7
2 Organization Profile 9
i. Background 10-17
ii. Nature of Business 18
iii. Vision, Mission and Quality Policy 19
iv. Workflow model 20-23
v. Product / service profile 34-37
vi. Ownership pattern 23
vii. Achievements / Awards 24-26
viii. Future growth and prospects 27-28
Mckensy’s 7S framework
3 29-33
4 SWOT Analysis 34-37
5 Analysis of Financial Statements 38-43
6 Learning Experience 44-45
7
Bibliography
SIR MVIT COLLEGE BANGALORE Page 5

ORGANISATION STUDYAT RAIL WHEEL FACTORY
CHAPTER -1
INTRODUCTION ABOUT THE

ORGANIZATION & INDUSTRY

CHAPTER -1
INTRODUCTION TO THE INTERNSHIP:
The internship program is been designed to provide students engaged in a field

experience with an opportunity to share their insights, to explore the links between
students' academic preparation and their field work, and to assist participants in
developing and carrying out the major research project which will serve to culminate
their internship experience.
Internships are individualized and tailored to the needs and interests of each student in the
program. As part of the internship experience, students are expected to take an active role
in finding an appropriate internship for themselves. Many students pursue their own
contacts.
Advantage of doing an internship:

• Job Experience
• Research experience
• Access to a variety of tasks and department
• Mentorship
• Help guide career goals.

Internship Objectives:
• Internships are generally thought of to be reserved for college students looking to
gain experience in a particular field. However, a wide array of people can benefit
from Training Internships in order to receive real world experience and develop
their skills.
• An objective for this position should emphasize the skills you already possess in the
area and your interest in learning more
• Internships are utilized in a number of different career fields, including architecture,
engineering, healthcare, economics, advertising and many more.
• Some internship is used to allow individuals to perform scientific research while
others are specifically designed to allow people to gain first-hand experience
working.
• Utilizing internships is a great way to build your resume and develop skills that can
be emphasized in your resume for future jobs. When you are applying for a Training
Internship, make sure to highlight any special skills or talents that can make you
stand apart from the rest of the applicants so that you have an improved chance of
landing in the position.

INDUSTRY PROFILE:
RAIL WHEEL FACTORY
TYPE Government owned corporation
INDUSTRY Wheels and Axils
FOUNDED 1984
HEADQUATERS Yelahanka, Bangalore India
AREA SERVED India
PRODUCT Wheels for all Railway Wagons of Indian

OWNER Government of India

•Job scope involves the employees' responsibilities and workload. It provides

fulfillment when workload is rationally decided among all the employees.
• Diversity to some extent, leads to satisfaction. Excessive variety creates confusion
and also the repetitive tasks without any variety cause monotony and dissatisfaction.
•Autonomy and work freedom act as source of satisfaction among employee's dislike that
every step and action of the work in being checked and determined by the superior
• Clarity and transparency in the division of work focus on the reductio on ambiguity
and conflict in the working environment and it minimizes the confusion and job
dissatisfaction.
OVERVIEW OF INDUSTRY:
The global market of rail wheels has been sustained from 4.5-5 million in past 10 years.
The productions of wheels undergo forging and casting process. The key strategy of RWF
is to develop forged wheel with cast wheels with respect to thermal and mechanical
properties. Keeping this in view, a huge bound has achieved by RWF by producing micro
alloyed wheels which can be used on regular basis, confirmed by Railway Board in 2002.
In a span of time a design center will be coming up in RWF, which will be then become
the nodal center of manufacturing and production of cast wheels. Therefore, it has the
capacity to hold the maximum part of the market in African and American.

RECENT TRENDS IN INDUSTRY
CHAPTER-2
ORGANISATION PROFILE

CHALLENGES IN INDUSTRY:
Detection and rectification of rail defects are major issues for all rail players around
the world. Some of the defects include worn out rails, weld problems, internal defects,
corrugations and rolling contact fatigue (RCF) initiated problems such as surface
cracks, head checks, squats, spalling and shelling. If undetected and/or untreated these
can lead to rail breaks and derailment.
CURRENT ISSUES IN INDUSTRY:
• Strengthening the attractiveness of the railways.

-Ensuring safety, health and hygiene on board and around the trains.
- Improving passengers' connectivity and comfort
• Digitalizing rail transport. To increase line capacity
-To increase line capacity
-To improve train avalibility while lowering cost.
• Designing ever more virtuous trains. -
Development of new modes of electrical energy storage to reduce the
consumption of diesel fuel, particularly on non-electrified sections of track. Over the past
10 years, thanks in particular to the boom in e-mobility in sectors such as the automobile
or heavy goods vehicle industries, the performance of batteries has significantly improved
in terms of power and efficiency.
Then new fuels with a promising carbon footprint compared to fossil fuels have moved
from experimentation to commercialization, such as Alstom’s Hydrogen lint train, or
prototypes running on liquefied natural gas being tested in Spain.

CHAPTER-2
ORGANIZATION
PROFILE

CHAPTER-2
INTRODUCTION ABOUT COMPANY:
The Rail Wheel factory is one of the greatest inventions of humanity and has laid to
the present mass transportation system through rail ways for both passengers as well as
for goods all over the world. The RWF was conceived in 1978 and built with world
bank assistance of about 150 crores.
The foundation stone for the wheel unit of the Rail Wheel Factory at Bangalore was
laid by the railway minister Shri-Kamatapathi Tripathi in October 1980. The late
Prime Minister sent Indra Gandhi inaugurated the plan on the 15th September 1984.
Rail Wheel Factory is located in Yelahanka, Bangalore, which is the political and
industrial capital of the state of Karnataka. The plant is situated at a distance of 16km
from the city center.
It is a state-of-the-art plant, meeting bulk of the requirements of wheels, axles and
wheel. Sets for the India Railways. The spare capacity available is profitably utilized
to meet the domestic demands for non-railway customers and experts.
RWF strives to build successful and lasting relationships with its customer by
consistently exceeding their expectation. Customer focus and quality remain our
watchwords.
The plant is certified to ISO-9001:2000 and ISO-14001:1994 standards by M/s BYQL.
It is also certified to confirm to the Quality Assurance Programmed of Association of
American Railroads (AAR) in respect of manufacturing of new wheel and axles.
All products are subjected to stage and final inspection, starting from the chemical
composition of the molten metal till the final inspection. This includes micro/macro
properties of the material, magnetic particle testing, ultrasonic testing hardness,
webpage dimensional parameters, surface finish etc.

BACKGROUND:
Till early 1980s Indian Railways was importing about 55% of requirement of wheels
and axles. Indigenous capacity was available only at Tata Iron & Steel Company
[TISCO] and Durgapur Steel Plant [DSP]. The TISCO plant was technically not
capable of meeting the changing requirement of wheels and axles for the new designs
of rolling stock and production was discontinued. DSP was only able to partially meet
Indian Railways’ needs. The cost of imports was high with prices rising in the world
market. Financing of imports, delays in supplies and limited availability of foreign
exchange adversely affected wagon production and rolling stock maintenance. It was
in this context that in the early 1970s the Railway Ministry felt the necessity for setting
up a new specialized Production Unit for manufacture of rolling stock wheels and
axles as import substitute. The ultimate objective was that DSP and the Rail Wheel
Factory [The Wheel
and Axle Plant] should be able to totally meet Indian Railways requirement for
standard wheels and axles so that their import could be stopped.
An extensive study was made of the latest technology and equipment available
globally possibility of collaboration and foreign exchange requirement. Based on this
study the Rail Wheel Factory project was conceived in the mid 70s with IR deciding
to:
Adopt the cast wheel technology developed by M/S Griffin Wheel CO., USA for wheel
manufacture. American Railroads have been using cast wheels for freight operations
while European Railways use forged wheels. Adoption of cast wheel technology was
found more suitable as the productivity of the plant is higher and cost of production
lower as compared to forged wheels. The net saving in foreign exchange on wheel
imports was estimated at Rs.8 Crores per annum.
Undertake axle forging on special purpose Long Forging Machine followed by heat
treatment furnaces with automated conveyors for movement of axles.
Provide axle-machining facilities incorporating profile copying lathes, special
purpose end machining equipment and a wheel set assembly complex with integrated
engineering for handling and movement of axles.
The Planning Commission sanctioned the Rail Wheel Factory Plant project in 1978
at a cost of Rs.146 Crores. Trial production commenced during 1983. Late Smt. Indira
Gandhi, the then Prime Minister of India formally commissioned the plant on 15
September 1984. To reinforce the fact that we belong to the Indian Railways Family
and to display our commitment to change with times, the factory was renamed as
RAIL WHEEL FACTORY on 15 February 2003.

An extensive study was made of the latest technology and equipment available
globally possibility of collaboration and foreign exchange requirement. Based on this
study the Rail Wheel Factory project was conceived in the mid 70s with IR deciding
to:
Adopt the cast wheel technology developed by M/S Griffin Wheel CO., USA for
wheel manufacture. American Railroads have been using cast wheels for freight
operations while European Railways use forged wheels. Adoption of cast wheel
technology was found more suitable as the productivity of the plant is higher and cost
of production lower as compared to forged wheels. The net saving in foreign exchange
on wheel imports was estimated at Rs.8 Crores per annum.
Undertake axle forging on special purpose Long Forging Machine followed by heat
treatment furnaces with automated conveyors for movement of axles.
Provide axle-machining facilities incorporating profile copying lathes, special
purpose end machining equipment and a wheel set assembly complex with integrated
engineering for handling and movement of axles.
COMPANY PROFILE:
Rail Wheel Factory, Yelahanka (RWF) (also known as Wheel and Axle Plant) is
a manufacturing unit of Indian Railways, producing wheels, axles and wheel sets of
railroad wagons, coaches and locomotives for the use of Indian Railways and overseas
customers is situated at Yelahanka, Bangalore in the Indian state of Karnataka.
The unit was started by C. K. Jaffer Sharief, the then Railway Minister, who got this
project to Bangalore. It was commissioned in 1984 to manufacture wheels and axles
for the Indian Railways.
This factory uses cast steel technology in the manufacturing of wheels which utilizes
scrap steel collected from Railways' own workshops as raw material. The products
(Wheels, Axlesand wheel sets) are engineered with little scope for human errors. It has
a planned capacity to manufacture of about 70,000 wheels of different sizes, 23,000
axles and to assemble 23,000-wheel sets. It employs over 2000 personnel and has an
annual turnover of about 82 crores. It is an ISO 9001:2000 and ISO 14001 certified
unit for its business processes. It was the first unit of Indian Railways to receive ISO
9001:2008 accreditation.

LOCATION:
.
The organization is located 16km away from the Bangalore city at Yelahanka. The
organization is connected by road and rail, the nearest railway station being the
Yelahanka station.
RAILWAYS MANAGEMENT:
Initially the BODs in England had appointed an agent in India for supervision and
control over the companies. In 1855 Railways were placed under PW Din. Ultimately
the railways board was organized in 1850. The separate ministry of railways was
formed after independence.
LAND AREA:
Plant Area Construction 77.30
Building area West part 22.11

East part 13.36

RAIL WHEEL FACTORY EMBLEM:

GREEN:
Green is one popular color worldwide. It represents nature, environment, health,
renewal, youth, vigor, spring, generosity and fertility.
RED:
Red is the most visually striking color. We associate red with love, passion, energy,
speed, strength, anger and blood. In Buddhism red symbolizes celebration and luck,
used in many culture ceremonies.
YELLOW:
Yellow signifies joy, happiness, optimism, idealism, imagination, hope, sunshine,
Philosophy, spirituality and inspiration.
BLUE:
Blue represents tranquility, calmness, harmony, unity, trust, truth, confidence,
loyalty, sky and water.

FOUNDER OF THE BUSINESS:
Till early 1980s Indian Railways was importing about 55% of requirement of wheels
and axles. Indigenous capacity was available only at Tata Iron & Steel Company
[TISCO] and Durgapur Steel Plant [DSP]. The TISCO plant was technically not
capable of meeting the changing requirement of wheels and axles for the new designs
of rolling stock and production was discontinued. DSP was only able to partially meet
Indian Railways’ needs. The cost of imports was high with prices rising in the world
market. Financing of imports, delays in supplies and limited availability of foreign
exchange adversely affected wagon production and rolling stock maintenance. It was
in this context that in the early 1970s the Railway Ministry felt the necessity for setting
up a new specialized Production Unit for manufacture of rolling stock wheels and
axles as import substitute. The ultimate objective was that DSP and the Rail Wheel
Factory [RWF, formerly Wheel & Axle Plant] should be able to totally meet Indian
Railways requirement for standard wheels and axles so that their import could be
stopped.

OWNERSHIP PATTERN:
Type Government Organization
Industry Wheels and Axils
Founded 1984
Headquarters Yelahanka, Bangalore, India
Owner Indian Railways
Rail Wheel Factory, Yelahanka (RWF) (also known as Wheel and Axle Plant) is a
manufacturing unit of Indian Railways, producing wheels, axles and wheel sets of
railroad wagons, coaches and locomotives for the use of Indian Railways and
overseas customers is situated at Yelahanka, Bangalore in the Indian state of
Karnataka.

GROWTH OF THE COMPANY:

Having been established itself as a reliable source of high-quality wheels, axles and
wheel sets for meeting the requirement of Indian railways, RWF is presently on the
trust world of a major effect to diversify its customer's base. Concerted efforts are
focused to explore the expert market for wheels and axles and established RWF as
major supplier in global market. these efforts are being complimented by sustainable
initiatives in augmenting the capacity of RWF by replacement aggradation of existing
machinery.
There is also consistence to widen our product range by development of new type of
wheels and axles. Setting up of designed, development and testing center is a major
effort in this direction which empower RWF to tackle future needs.
In order to grow further more it is planning mainly on:

• Adopting the cast wheel technology developed by M/S Griffin wheel CO. USA
for wheel manufacturing.
• Undertake axle forging on special purpose long forging machine followed by
heat treatment furnaces with automated conveyors for movement of axles.
• Provide axle machine facilities incorporating profile copying lathes, special
purpose end machining equipment and a wheel set assembly complex with
integrated engineering for handling and movement of axles.
• The global rail wheel market is projected to grow from $3,772.3 million in 2020
to $4,869.1 million in 2025 at a CAGR of 5.2% in the 2020-2025 period.

NATURE OF THE BUSINESS:

Rail wheel factory produces cast wheels of 36(900mm) to 43(1100mm) diameters to
AAR M- 208, (classA,B,C) and IRS R 62 specifications, forged steel and axle 4.5inch
(120mm) to 6.5inch (175mm) journal diameters, to AAR M 101 and R16 AND R-43
specifications, and assembled wheel sets from customer supplied or rail wheel factory
made wheels and axles.
Rail wheel factory is a manufacturing unit of Indian railways, producing wheels,
axles, and wheel set of coaches, railroad wagons and locomotives for the use of Indian
railways.
The rail wheel factory was started by CK Jaffer Sherriff the railway minister who got
this project to Bangalore. It was commissioned in 1978 to manufacture wheel and
axles for the Indian railways.
Wheel and axle plan largely meets the Indian railways present requirement of wheels,
axles, and wheel sets. Till early 1980s were a lot dependent on import for meeting their
requirement of wheel and axles.
Wheel and axles plant is a step towards building self-capability in production of

railways wheel and axles. An extensive study was made of the latest technology and
equipment existing globally, possibility of collaboration. Facilities were added to the
plant like machine followed by heat treatment furnaces with computerized conveyors
for movement of axles, machining services incorporating lathes, machinery equipment
and a wheel set to profitably utilize the infrastructure to meet the domestic demands
for non-railways customers.
Rail wheel factory builds successful and long-lasting relationship with its customers
by every time meeting their expectation. And quality remains the watchwords.
Rail wheel factory used in cast wheel technology developed by M/S Griffin wheel CO.
USA. In this technology used by manufacturing of wheel which utilizes scrap steel
collected from railways own workshops as raw material. It started producing in 1984
and the plant has the capacity to manufacture about 70,000-wheel sets, it has more
than 2500 employees and has annual turnover of about 85 crores.
All products are subjected to step and final inspection starting from the chemical
composition of the molten metal till the inspection. This includes micro/macro

VISION, MISSION, QUALITY POLICY
VISION:
To become renowned global leader in the business of developing and manufacturing
cast steel rail road wheel, precision forged axles and immaculate assembled wheel sets.
MISION:
• To emerge as a unique global Centre for design, development and manufacturing
excellence of our products through continuous improvement by upgrading our
quality, reliability, dependability and value addition in a deliberate and proactive
manner.
• To perennially endeavor to sustain excellence in customer satisfaction
• To perennially endeavor to sustain excellence in customer satisfaction by
consistently exceeding their expectation. To develop our human capital by
constant enhancement.
• To develop our human capital by constant enhancement of their technical,
managerial and innovative capabilities.
• To promote ethical business practices and values in the true spirit of corporate
governance.
QUALITY POLICY:
• To sustain our excellence in quality in the manufacturing of Wheel , Axels and
Wheel sets.
• To delight our customer
• To continually improve

WORK FLOW MODEL:
GENERAL DEPARTMENT:
VIGILANCE DEPARTMENT:

STORE DEPARTMENT:
ACCOUNT DEPARTMENT:

PESRONNEL DEPARTMENT:
CIVIL DEPARTMENT:

ELECTRICAL DEPARTMENT:
MEDICAL DEPARTMENT:

PRODUCT PROFILE:
Rail Wheel Factory, Yelahanka (RWF) (also known as Wheel and Axle Plant) is a
manufacturing unit of Indian Railways, producing wheels, axles and wheel sets of
railroad wagons, coaches and locomotives for the use of Indian Railways and overseas
customers is situated at Yelahanka, Bangalore in the Indian state of Karnataka.
The unit was started by C. K. Jaffer Sharief the then Railway Minister, who got this
project to Bangalore. It was commissioned in 1984 to manufacture wheels and axles
for the Indian Railways.
This factory uses cast steel technology in the manufacturing of wheels which utilizes
scrap steel collected from Railways' own workshops as raw material. The products
(Wheels, Axles and wheel sets) are engineered with little scope for human errors. It
has a planned capacity to manufacture of about 70,000 wheels of different sizes,
23,000 axles and to assemble 23,000-wheel sets. It employs over 2000 personnel and
has an annual turnover of about 82 crores. It is an ISO 9001:2000 and ISO 14001
certified unit for its business processes. It was the first unit of Indian Railways to
receive ISO 9001:2008 accreditation.
AXLE:
An axle or axletree is a central shaft for a rotating wheel or gear. On wheeled vehicles,
the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with
the wheels rotating around the axle. In the former case, bearings or bushings are
provided at the mounting points where the axle is supported. In the latter case, a
bearing or bushing sits inside a central hole in the wheel to allow the wheel or gear to
rotate around the axle. Sometimes, especially on bicycles, the latter type axle is
referred to as a spindle.
WHEEL:
The wheel is a simple machine consisting of a wheel attached to a smaller axle so that
these two parts rotate together in which a force is transferred from one to the other.
The wheel and axle can be viewed as a version of the lever, with a drive force applied
tangentially to the perimeter of the wheel and a load force applied to the axle,
respectively, that is balanced around the hinge which is the fulcrum.

ISO9000:
The ISO 9000 family of quality management systems (QMS) is a set of standards that
helps organizations ensure they meet customer and other stakeholder needs within
statutory and regulatory requirements related to a product or service.ISO9000 deals
with the fundamentals of QMS, including the seven quality management principles
that underlie the family of standards. ISO 9001 deals with the requirements that
organizations wishing to meet the standard must fulfill.
Third-party certification bodies provide independent confirmation that organizations
meet the requirements of ISO 9001. Over one million organizations worldwideare
independently certified, making ISO 9001 one of the most widely used management
tools in the world today. However, the ISO certification process has been criticized as
being wasteful and not being useful for all organizations.
ISO 14001:
ISO 14001 defines criteria for an EMS. It does not state requirements for
environmental performance but rather maps out a framework that a company or
organization can follow to set.
up an effective EMS. It can be used by any organization that wants to improve
resource efficiency, reduce waste, and reduce costs. Using ISO 14001 can provide
assurance to company management and employees as well as external stakeholders
that environmental impact is being measured and improved. ISO 14001 can also be
integrated with other management functions and assists companies in meeting their
environmental and economic goals.
ISO 14001, like other ISO 14000 standards, is voluntary, with its main aim to assist
companies in continually improving their environmental performance and complying
with any applicable legislation. The organization sets its own targets and performance
measures, and the standard highlights what an organization needs to do to meet those
goals, and to monitor and measure the situation. The standard does not focus on
measures and goals of environmental performance, but of the organization. The
standard can be applied to a variety of levels in the business, from the organizational
level down to the product and service level.

AWARDS AND CERTIFICATION:
• ISO 14001-1996 for Environment Management System.

• AAR for Quality Management System.
• Occupational Health and Safety Assessment Series OHSAS 1001-1999
• December 1995 first 915 mm die Wagon Wheel set produced, and the first
consignment of wheel and axles exported to USA 9ch-36 wheels and f-class axles
• Genentech Environment Award in the year 2003
• Flaxman Rao Kirloskar Merit Certificate for Best foundry in 2003.
• Golden Peacock Award for Corporate Social Responsibility in the year 2004.
• On June 2002, Golden Peacock Environment Award
• On Feb 2003, Golden Peacock Award for Innovative Products
• 2004, Rajiv Gandhi Parisar- Prashanhti cash Award of Rs.1000000 EMS
• 2005, Golden Peacock Award for Quality and Safety.
• 2008, Golden Peacock Award for Industrial Health and Safety
• 2011, Rail Mantra Rajbanshi Running Trophy
• 2013, International Star for Quality (ISAQ) Award in Planning Category.
• 2013, Golden Peacock Award on Special Commendation for Sustainability
• 2014, Star Awrad for Sustainability.
• RWF is certified with Five ‘S’Workplace Management System.
• RWF Awarded with Greenco Certificate during the GreenCo summit.
• RWF won the Goolden Peacock Eco-innovative Award –2021
• RF was awarded as best performing Production Unit of Indian Railways on
Environment Management for the year 2018-19.
• RWF has been recognized as ‘Factory of the future 2022’ by Economic
Times Edge & The Machinist for creating manufacturing excellence
• RWF has achieved daily out turn of 402 Wheelsets assembly
• RWF Wheels introduced in Kolkata Metro Service

FUTURE GROWTH AND PROSPECT:
Global Rail Wheel and Axle Market to Reach $4 Billion by 2026

Amid the COVID-19 crisis, the global market for Rail Wheel and Axle estimated at
US$3.3 Billion in the year 2022, is projected to reach a revised size of US$4 Billion by
2026, growing at a CAGR of 4.4% over the analysis period.
Solid Axles, one of the segments analyzed in the report, is projected to record 4.6%
CAGR and reach US$3.3 Billion by the end of the analysis period. After a thorough
analysis of the business implications of the pandemic and its induced economic crisis,
growth in the Hollow Axles segment is readjusted to a revised 3.8% CAGR for the
next 7-year period.
The U.S. Market is Estimated at $570.8 Million in 2022, While China

is Forecast to Reach $878 Million by 2026
The Rail Wheel and Axle market in the U.S. is estimated at US$570.8 Million in the
year 2022. China, the world's second largest economy, is forecast to reach a projected
market size of US$878 Million by the year 2026 trailing a CAGR of 6% over the
analysis period. Among the other noteworthy geographic markets are Japan and
Canada, each forecast to grow at 2.9% and 3.8% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
The market is expected to witness healthy long-term growth on account of rising
locomotive production, technological advancements and efforts to modernize rail
infrastructure. The market is projected to grow supported by the increase in
locomotive and bogie production in both developed and developing countries, mainly
in China, Russia, Mexico and Germany.
The market is also favored by expansion of the railway network in less developed and
developing regions for connecting rural areas. While expanding network of OEMs
presents new growth avenues, technological progress related to trains and their
networks is expected to bolster the market growth.

Various companies in the market are investing in R&D projects for producing
lightweight materials for axles and wheels of short-distance, passenger and freight
trains. OEMs in the railway industry are adopting advanced technology like big data
analytics for bolstering their service offerings.
The global market for rail wheels and axles is poised to be catalyzed by increasing
population across metropolitan cities and rising number of office goers, mainly in
emerging economies. Railways are anticipated to remain an integral component of the
public transportation system, and estimated to hold considerable significance owing to
rising urbanization and public density along with evolving travel behavior
The increasing use of rail network for commuting is likely to drive governments to
modernize the infrastructure for faster passenger transport. The market is bound to
receive a major impetus from government efforts to establish smart cities along with
smart railway infrastructure. Investments in large-scale public transport infrastructure
including bullet trains and high-speed trains are expected to make public transport
easier and faster.
Expansion of existing rail network lines, especially in Europe, China and India
including the One Belt One Road project is likely to drive the market growth.
Expansion of existing rail network lines, especially in Europe, China and India
including the One Belt One Road project is likely to drive the market growth.
Emerging countries like Japan, China and South Korea are expected to shift towards
magnetic rail systems for accelerating train journey and reducing maintenance costs
due to lack of frictional parts.

CHAPTER – 3
MCKINSEY’S 7S
FRAMEWORK

CHAPTER – 3
INTRODUCTION:
The McKinsey 7-S Model is a change framework based on a company's organizational

design. It aims to depict how change leaders can effectively manage organizational
change by strategizing around the interactions of seven key elements: structure,
strategy, system, shared values, skill, style, and staff.
7`s framework with reference to the organization.

STRUCTURE:
Structure or organizational structure refers to a clear chain of command to avoid chaos
& confusion. Structure is a simple yet crucial element as it creates a sense of employee
accountability within the organization.

SYSTEM:
Systems refer to the business processes and operational procedures employed to
complete a business’s routine activities. An organization’s SOPs consist of such
practices and workflows that directly impact productivity and decision-making.
Railways are a safe land transport system when compared to other forms of transport.
Railway transport is capable of high levels of passenger and cargo utilization and
energy efficiency, but is often less flexible and more capital-intensive than road
transport, when lower traffic levels are considered.
STRATEGY-
The strategy element is a detailed plan that organizations create for successful change
implementation and to gain a competitive edge. A well-crafted strategy is aligned with
the other six elements of the 7-S model and is reinforced by a strong vision, mission,
and values.
• The Manufacturing cost is determined by historical cost (actual cost).

• The transfer price is based on cost.
• The functional departments in the Rail Wheel Factory, that is the accounts
department, stores department, production department, are classified as cost
centers.
• The RWF has adopted a time-based process costing system. The unit cost of
direct materials of Box ―N‖ Wheel is reducing. The production of wheels cost is
decreasing each year; which leads to gaining more profit.

SHARED VALUES
These are the core values governing an organization’s health. While implementing a
change, organizations expect a behavioral modification from their employees, which is
only possible in a strong change culture and organizational values.
• To develop a product development strategy based on analysis of customer needs
& expectations. We shall strive to mitigate defects and to target "ZERO defect".
• To comply with all statutory & regulatory requirements, guidelines and
obligations applicable to products & processes.
• To ensure failure prevention by incorporating risk management in all processes.
• To create an atmosphere of awareness by training and educating employees &
contract personnel.
• To promote a framework of improvement and innovation.
• To evaluate and improve performance by periodical review of the suitability and
effectiveness of the system.
STYLE:
This element refers to the management style prevalent in a company that decides the
level of employee productivity and satisfaction.

CHAPTER – 4
SWOT ANALYSIS

CHAPTER – 4
INTRODUCTION
SWOT analysis is a strategic planning and strategic management technique used to
help a person or organization identify Strengths, Weaknesses, Opportunities, and
Threats related to business competition or project planning. It is sometimes called
situational assessment or situational analysis.

STRENGTHS:
The strength of RWF lies in the technology adopted for manufacturing of wheel
and axles.
• Trained, talented and dedicated employees with committed management skill set.
• Flexibility in production and supply of products with different product mixture.
• Development of new product as per requirement of the customer with minimum
lead time.
• On time delivery of product as per specification or drawing.
• Completive price
• Complete information on local area network (LAN) system for easy traceability.
• Well-equipped Chemical and Metallurgical laboratories
• Satisfied and loyal customers
• The environment in RWF is very conductive to all workers.
WEAKNESS:
Weaknesses stop an organization from performing at its optimum level.
• Restricted government policies
• Recruitment is restricted through railway board exams
• No technology up graduation.
• Liberalization and dumping tendency of other firms, especially from foreign
country.
• Government policies.
• Changing pattern of requirements of rolling stock by Indian railways.
• Inability to manufacture wheels in small quantities due to the target fixed or
manufacturing cost.

OPPORTUNITIES:
Opportunities refer to favorable external factors that could give an

organization a competitive advantage.
• Determine and review the requirements of related products.

• Planning production process and identifying the additional resources required for
manufacturing and supply of new products.
• Exporting to USA, Malaysia, Korea, South Africa, Sri Lanka, and Sudan
• Competitive environment calls for improvement and increase in productivity.
• Introduction of new machine to update new technology.
THREATS:
Threats include anything that can negatively affect your business from the
outside, such as supply-chain problems, shifts in market requirements, or a shortage of
recruits.
• Competition from Foreign Railway Industries.

• Bullet trains which move with Magnetic instead of Iron wheels.
• Expenditure can be made only by the sanction from the parliament.

CHAPTER – 5
ANALYSIS OF FINANCIAL
STATEMENTS

FINANCIAL STATEMENT ANALYSIS :
FINANCIAL PROFILE OF THE COMPANY
2021 2020 2019 2018
Total 1,70,452. 126832.8 131370.4 126312.2

Income 08 0 8 5
Depreciat 8937.31 6613.55 6193.52 5365.89
ion
Profit 4745.73 3035.85 (1383.93) 4864.01
before
Tax
Taxation 1610.19 977.29 251.82 1117.84
Profit 3135.54 2058.56 (1635.74) 3746.17

after Tax
Retained 3135.54 2058.56 (1635.74) 3746.17

profit/(lo
ss)

SHARE HOLDING OF RAIL WHELL FACTORY:
CATEGORY NUMBER OF PERCENTAGE

SHARES
Other 265129 0.48
companies
Foreign 41715454 74.98
promoters
General public 5921421 10.65
NBFC and 7554202 13.58

Mutual Funds
Foreign 147149 0.26
institution
Others 4827 0.01

CURRENT RATIO:
YEAR CURRENT CURRENT CURRENT

ASSETS (Rs. LIABILITIES RATIO
LAKHS) (Rs. LAKHS)
2018-19 11696.75 8210.53 1.42
2019-20 14303.44 9468.56 1.51
2020-21 24987.12 17148.74 1.45

QUICK RATIO:
YEAR LIQUID CURRENT QUICK

ASSETS (Rs. LIABILITIES RATIO
LAKHS) (Rs. LAKHS)
2016-17 5414.62 8210.53 0.91
2017-18 6625.59 9468.56 0.81
2018-19 8343.79 17148.74 0.71
17.18
16.17
15.16
CATEGORY 1
Series 1 Series 2 Series 3

GROSS PROFIT RATIO:
YEAR GROSS NET SALES GROSS

PROFIT (RS. (RS. LAKHS) PROFIT
LAKHS) RATIO
2018-19 5635.19 28260.74 19.94
2019-20 10963.01 42518.17 25.78
2020-21 8924.02 48799.70 18.29
NET PROFIT RATIO:
YEAR NET NET NET PROFIT

PROFIT(RS. SALES(RS.LA RATIO
LAKHS) KHS)
2018-2019 575.35 28260.74 2.04
2019-2020 3049.20 42518.17 7.17
2020-2021 3204.64 48799.70 6.57

CHAPTER – 6
LEARNING AND
EXPERIENCE

CHAPTER – 6
LEARNING AND EXPERIENCE
Learning about the organization and its working environment, it was very much useful.
Organization study made me understand the manufacturing process practically and it
enhanced my knowledge too.
Casting of rail wheels- In this process the metal is molted using an ultra-high frequency
electric arc furnace and it is further put into a graphic Moulds followed by different
heat treatment process.
Forging of axles- Billets are cut from blocks of blooms and are forged in a precision
long-forging machine. The billets are heated in a rotary furnace and then forged and cut
into required lengths. The axle is treated through different heat treatment processes.
I was even in personnel department to get some hands-on knowledge on recruiting

which comes under human resource management.
The management was kind enough to guide me and arranged for an expert to take
around the factory every week to show how the process of maintaining organization
takes place.
Overall, the internship was fun learning process and I gained a productive practical
knowledge from it.

BIBLIOGRAPHY:
It gives a brief knowledge about all the relevant sources from where the
information for study was extracted.
https://rwf.indianrailways.gov.in
http://en.m.Wikipedia.org
http://rrbexamportal.com

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Internship Report on

“RAIL WHEEL FACTORY”

INTERNAL GUIDE EXTERNAL GUIDE

SIR M VISVESVARAYA INSTITUTE OF TECHNOLOGY

HUNUSAMARNAHALLI, INTERNATIONAL AIRPORT ROAD,

This is to certify that MANOJ S bearing USN -1MV21BA051 is a bonafide student of

award of the degree of Master of Business Administration of Visvesvaraya

Signature of Internal Guide Signature of HOD

External Viva Voce Examination

Name of the Examiners Affiliation Signature of the Examiners

I, Mr. MANOJ S, hereby declare that the internship report entitled on

I have undergone an Internship for a period of four weeks. I further declare

Place: Name: MANOJ S

I wish to express my sincere gratitude to Prof. Rakesh S. G, Principal SIR

I would place on record my sincere gratitude to Dr. Priyanka Sharma,

I am extremely thankful to Mrs. SWARNALATHA, Assistant Professor,

I would like to thank “RAIL WHEEL FACTORY” for giving me the

I would also like to thank my External Guide, Mr. POONACHA C G

I would like to extend my thanks to my family and all my friends who

Place: Student Name:

CHAPTER CONTENT PAGE NO

1 Introduction about the organization & Industry 1-7

ii. Nature of Business 18

iii. Vision, Mission and Quality Policy 19

iv. Workflow model 20-23

v. Product / service profile 34-37

vi. Ownership pattern 23

vii. Achievements / Awards 24-26

viii. Future growth and prospects 27-28

4 SWOT Analysis 34-37

5 Analysis of Financial Statements 38-43

6 Learning Experience 44-45

SIR MVIT COLLEGE BANGALORE Page 5

INTRODUCTION ABOUT THE

SIR MVIT COLLEGE BANGALORE Page 1

INTRODUCTION TO THE INTERNSHIP:

The internship program is been designed to provide students engaged in a field

Advantage of doing an internship:

SIR MVIT COLLEGE BANGALORE Page 2

SIR MVIT COLLEGE BANGALORE Page 3

RAIL WHEEL FACTORY

TYPE Government owned corporation

INDUSTRY Wheels and Axils

HEADQUATERS Yelahanka, Bangalore India

AREA SERVED India

PRODUCT Wheels for all Railway Wagons of Indian

SIR MVIT COLLEGE BANGALORE Page 4

•Job scope involves the employees' responsibilities and workload. It provides

SIR MVIT COLLEGE BANGALORE Page 5

RECENT TRENDS IN INDUSTRY

SIR MVIT COLLEGE BANGALORE Page 6

CURRENT ISSUES IN INDUSTRY:

• Strengthening the attractiveness of the railways.

SIR MVIT COLLEGE BANGALORE Page 7

SIR MVIT COLLEGE BANGALORE Page 8

INTRODUCTION ABOUT COMPANY:

SIR MVIT COLLEGE BANGALORE Page 9

SIR MVIT COLLEGE BANGALORE Page 10