Dolphin Offshore Enterprises (India) Ltd.

DOLPHIN OFFSHORE ENTERPRISES INDIA LTD. was incorporated on May 17, 1979 as a Pvt. Ltd company.--The first chairman of the company was Mr Shavax A Lal, ex-Secretary to the first Indian Governor General, Shri C.Rajagopalachari, and a prominent Mumbai businessman. The Managing Director at that time was Rear Admiral Kirpal Singh, a war veteran, with a distinguished record in the Indian Navy. The two shared a vision of building national capacity for the nascent offshore oil industry by providing diving, underwater engineering and allied services for the new projects in Bombay High. To this end, the Company formed an association with Taylor Diving & Salvage Company Inc, a subsidiary of the US-based Halliburton Group and commenced diving operations the same year. Through this association, DOEIL became the first Indian company to acquire the technology for all aspects of offshore diving and, underwater engineering. To date, it remains the leading Indian company in this field. DOEIL has since, expanded its activities to include :----Diving and Underwater Services--Project Management--Marine Operations and Management Services--Turnkey EPC Projects--Fabrication and Installation Services--Rig Repairs & Ship Repairs--Design Engineering----In 1994, the Company acquired its first vessel, the GANGA Dolphin. The Company has since expanded its fleet to 1 Accommodation and Work Barge, 4 OSV’s / Workboats and one AHTS.----Decades of experience delivering, on water, above water and onshore projects, DOEIL has qualified to independently handle two major turnkey projects for ONGCL in 2008. That year the company's order book stood at US$112 million.----Since its inception, DOEIL has been meticulous in maintaining the highest international standards for safety of personnel and offshore environment. The company has been certified for ISO 9001-2008 by American Bureau of Shipping. In addition, the company has also been certified for OHSAS: 18001-2008 and ISO: 14001-2004 by Integrated Quality Certification Pvt. Ltd.----The Company has been guided by an eminent Board of Directors since inception.----The Company went in for its Initial Public Offer in 1994 and is now listed on the Bombay and National Stock Exchanges. In order to acquire important assets needed for its expanding business, it also went in for Foreign Currency Convertible Bonds worth US$ 15 million in December 2005. The Company's paid up capital and reserves as on March 31, 2008 was Rs 73.72 crores and turnover for the year then ended was Rs 227.70 crores. Based upon its qualification as a Main Contractor for EPC contracts by ONGC this turnover is expected to increase over the next few years, barring unforeseen circumstances.----To protect shareholder value and maintain confidence in a challenging economic climate, the Company regularly reviews its Corporate Management functions and has strengthened its Audit Committee and internal auditing procedures. Our statutory auditors are Haribhakti & Co, our internal auditors are Aneja Associates and our principal bankers, since inception, are State Bank of India.----To keep pace with the new challenges of deepwater recovery of hydrocarbons and the impacts of Climate Change, DOEIL has begun work on establishing International Public-Private Sector cooperation for development of underwater technology and environment protection, search and rescue operations and setting up of training facilities. Recognizing the immediate global shortage of underwater professionals, the Company is launching its own in house training program for divers and underwater technicians and to ensure the Country can build up its pool of professionals with international certification.----HR Mission----To attract, retain and develop the highest quality of talent. To motivate employees with skills and knowledge, appropriate to perform various functions of the company’s business activities. To create an environment of excellence and work culture including fair and harmonious employer - employee relations conducive for achievement of organizational goals through collective participation, optimum utilization & welfare of employees.------Statement of HR Policies----To attract and retain the best available talent.--To make available resources for effectively executing projects.--To provide employees with adequate opportunity for growth and career development.--Succession planning.--To optimize utilization of human resources and tap their latent potential.--To recognize and reward employees contribution to the growth of the organization.--To provide training and development to the employees for their professional & personal development.--To create a work atmosphere and develop a work culture which is conducive for achievement of excellence, total quality management and productivity.--To develop a spirit of brotherliness and camaraderie among employees.--To promote and maintain fair and harmonious employee - employer relations.--To provide for sharing of relevant information between employer - employees for effective involvement of staff at all levels.----Work Culture----The most important element of the work life is the work culture. We promote the culture which is a blend of innovation, performance, technology, reward, fun, trust and openness. Our vision, our beliefs and values, performance appraisal systems, Reward and Recognition systems are instrumental in helping us achieve the desired culture.------The true reflection of our work culture may be seen in the values that we live:----At workplace we will treat each employee with dignity, trust and respect.--We firmly believe that an open culture and a participative style of management works well for us.--We believe in being impartial and unbiased and we recruit people based on merit, reward people based on performance & promote people based on ability.--We will always have a close regard and concern for the welfare of our people and their families.----Recruitment and Selection Process----To ensure that the Company attracts and retains the best talent available.--To meet Company’s manpower requirements in terms of necessary skills, qualifications, competencies, attitudes, values and experience for effective execution of projects.--To provide for a smooth succession of critical skills.----Sources of Recruitment----Requirements will be published in Local News Paper / Job Site.--Recruitment may be done through placement agencies as well.--In case of Campus recruitment the respective VP's & GM – HR will visit the College/ Institute campus--together for selecting the Candidates.--Referrals.--Recruitment of past employees.--The recruitment process is common to all potential "DOLPHINITES". Once your profile has been received through any of the above mentioned sources/ channels and short listed, you will be called for an interview process followed by selection. You are required to attend technical/ function interviews as well as final discussions with the Head of Division/Department of "DOEIL". It is the policy of the Company to get the prospective employee medically examined to find out the physical & mental fitness before employment. As a part of the joining process you are required to submit various documents and be a part of a background verification process. Document submission and background verification are conducted at different stages according to the recruitment process. A successful selection process will result in an after being made. On your acceptance and joining you will commence your professional journey at DOEIL with our induction program "DOLPHINIZATION".------Training and Development:----DOEIL philosophy is rooted in the growth and development of its employees through training and development. DOEIL believes that training and employee development not only acts as a way to attract and retain employees but also provides competitive advantage by strengthening the knowledge and skill base of the company.----The company has a comprehensively formulated training policy. Apart from induction training for the new appointees, Corporate wide, functional and developmental in-house training programmes are conducted for the employees. Employees regularly undergo external training on a wide range of self-development and management development areas.------HUMAN RESOURCE INITIATIVES----Human Resources Development envisages the growth of the individual in tandem with the organization and aims to achieve synchronization in a bid to attain the goals set out. It also, inter-alia, aims at the upliftment of the individual by ensuring an enabling environment to develop capabilities and to optimize performance. The organization, on its part, would endeavour to tap individual talents and through various initiatives, ingrain in its human resources, a sense of job satisfaction that would, with time, percolates down the line.----"DOLPHINIZATION"--In a bid to facilitate the induction of a new recruit into the DOEIL family, all new recruits are imparted induction training. The induction programme consists of a Corporate Module as well Divisions-specific modules. These modules provide not only a macro view of the business and endeavours of DOEIL but also a micro insight of its various functions. A unique blend of classroom training as well as field visits helps new recruits understand the grassroots working of the organisation. These training modules also provide ample opportunity to the new recruits for interacting with the senior management, including Directors through open sessions.----Employee Suggestion Scheme--We have a HRD system of 'Employee Suggestion Scheme' in place which aims at kindling innovative spirit of the employees and recognizing their valuable contributions by way of feasible suggestions. giving their suggestions and ideas for improving the systems, procedures, services, products, etc.----Employee of the Month--DOEIL has always acknowledged the efforts and contribution made by employees in taking the company where it stands today. As an endeavour to recognize and reward the exemplary accomplishments of the employees we have a HRD system "Employee of the Month".----Performance Appraisal Process--An annual process has been designed and implemented to--Facilitate proper record of individuals performance assessment--Give feedback on the employee's performance as objectively as possible--Help employees develop their potential--Provide a basis for promotion and increments--Identify the training needs of an individual