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Business Principles

Shriram Veritech is already the largest and most relied upon company for brand security. We aim to make Veritech a 'Power Brand' by building a dynamic and loyal customer base, offering value additions in every experience. We envision to expand into new segments with innovative products, thus building a brand sentiment with our customers.

We believe in a strong set of principles which has helped us to garner a feeling of trust and transparency among our customers as well as our employees -

  • To minimize resource consumption through optimization
  • To provide safe and harmonious work environment
  • Recognize and eliminate impact of our activities on the environment
  • Eliminate occupational health & safety hazards at work place
  • Enhance awareness and skills of our employees
  • Compliance with all applicable statutory and regulatory requirements
  • To be environment friendly
VISION

Leadership in providing innovative & effective “Brand Protection” & “Brand Enhancement” solutions.

MISSION

To provide excellent customer services through continuous innovation & technological advancement.

VALUES

To establish Veritech as a trusted brand with prime focus on safety and creation of consumer awareness.

Corporate Social Responsibility

Shriram Veritech believes in being a socially committed enterprise. We ensure the social well-being of the community within which we function. While endeavoring to create long term value for all our stakeholders- we are extremely focused on uplifting the underprivileged sections of the society. We are steadfast in our endeavor to nurture and nourish both the local communities and the environment. Our CSR Policy aims at making a positive impact on the quality of life of the various sections of the people living nearby while caring for the environment. (Read more...)

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We perform all CSR Activities in accordance with the provisions of the Companies Act, 2013, while focusing on the following areas:

  • Promotion of Education
  • Healthcare and Sanitation
  • Eradicating Hunger, Poverty and Malnutrition
  • Environmental Sustainability
  • Promoting Gender equality
  • Rural Development and Slum Area Development Projects
  • Protection of National Heritage and Art & Culture
  • Measures to benefit armed forces veterans, war widows and their dependents
  • Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of scheduled castes, the scheduled tribes, other backward classes, minorities and women

Implementation

The CSR Committee at Shriram Veritech evaluates, prioritizes, approves and reviews the CSR activities periodically while adhering to the norm of allocating 2% of average net profit of the company for three preceding years. The approved projects are executed through transparent mechanisms, ensuring timely completion.

Management Commitment

Concrete measures are taken to release the CSR initiatives. The Board of Directors of the company ensures that:

  • All CSR activities carried out by the company are related to the activities mentioned in the focus area/s
  • Any surplus arising out of the CSR projects or programs or activities does not constitute business profit of the company
  • The CSR policy and the CSR activities are communicated to all stakeholders as per the applicable regulatory requirements.

Quality Policy

We at SVSPL are committed for effective implementation of Integrated Management Systems (ISO 9001, ISO 14001 & OHSAS 18001) to meet customer expectations through continual improvements and innovations, in manufacturing of best quality brand protection and brand enhancement solutions of International Standards with special focus on:

  • Enhancing customer satisfaction through consistent supply of quality products and services.
  • Ensure a safe, healthy, hygienic and productive work environment.
  • Prevention of pollution, incidents, injury and ill health.
  • Compliance of all applicable legal and other requirements relating to IMS.
  • Adoption of 'Best Practices' in operations and minimize wastage.
  • Ensure that measurable objectives are established and reviewed at regular intervals.
  • Identification of internal and external issues relevant to business with proactive action to minimize identified risks and enhance business opportunities by aligning these with strategic business objectives of company.
  • Ensuring participation of our stakeholders including employees, suppliers and customers to support sound environmental and healthy work practices.
  • Communicate IMS policy to all personnel within organization and relevant interested parties including public.

Memberships

ASPA is a self-regulated, non-profit organization founded in 1998 as the Hologram Manufacturers Association of India (HOMAI). It was revamped in 2014 as ASPA, to more accurately represent the transformation of products and services offered by its existing member companies. As the world’s first and only industry body of its kind, ASPA aims to comprehensively cover the interests of the entire authentication solutions industry worldwide, including, but not limited to, holograms, optically variable devices (OVD’s), security inks and substrates, watermarks, nanotechnologies, RFIDs, barcode / QR code-based digital tracking and verification solutions, security and tamper-evident labels and any other brand protection and authentication solutions.

ASPA works closely with global authorities such as the International Hologram Manufacturers Association (IHMA), Counterfeit Intelligence Bureau (CIB) and Interpol. ASPA members protect over 10,000 brands worldwide by providing brand protection solutions for genuine products & documents.

IHMA is the only worldwide body for Hologram manufacturers & its membership includes Hologram Companies from all over the world. It is made up of over 100 of the world's leading hologram companies who actively cooperate to maintain the highest professional, security and quality standards in support of their customers.

IHMA was founded in 1993 to represent the interests of hologram manufacturers and the hologram industry worldwide. It is dedicated to promoting the interests of the hologram industry worldwide and to helping users achieve their commercial, aesthetic and authentication objectives through the effective use of holography. IHMA membership confers authenticity and credibility on companies that join - all of which are rigorously vetted and adhere to a strict Code of Practice governing standards, business ethics, customer service, respect for and protection of customers' and each others' intellectual property.

Accreditations

HSSMS - Hologram Safety And Security Management System

As one of the largest Brand Protection and Anti-Counterfeiting Solution Providers in India, Shriram Veritech is armed with a unique safety & security standard certification - (Hologram Safety & Security Management Systems (HSSMS) - to safeguard its products and solutions. HSSMS is the only certification that ensures the safety and security of the licensing brand’s integrity at the supplier’s production facility manufacturing the anti-counterfeiting solutions.

  • For the first time in the history of anti-counterfeiting industry, ASPA has developed “TUVASPA - Hologram Safety & Security Management Systems (HSSMS)” standards in collaboration with TUV Rheinland.
  • A set of safety and security standards to upgrade hologram suppliers manufacturing facilities and processes.
  • TUVR would be auditing the safety and security activities of ASPA member companies manufacturing holograms, against these standards.
  • This initiative would empower customers and help them to effortlessly identify and select the best partner for developing and supplying them the anti-counterfeiting solutions as per their needs and requirements.

ISO - International Organization for Standardization

ISO is the world's largest developer of voluntary International Standards. It is an independent, non-governmental membership organization which ensures that products and services offered by a company are safe, reliable and of good quality. These are strategic tools that reduce costs by minimizing waste and errors and increasing productivity of a business.

Veritech is crowned with 3 of the most significant ISO certifications by TUV NORD, Germany, which are as follows:

ISO 9001

ISO 9001:2015
QMS – (Quality Management System)

This standard is based on a number of quality management principles including a strong customer focus, the motivation and implication of top management, the process approach and continual improvement.

ISO 14001

ISO 14001:2015
Environmental Management System

It maps out a framework that a company or organization can follow to set up an effective environmental management system.

OHSAS 18001

OHSAS 18001 – 2007

This is an Occupation Health and Safety Assessment Series for health and safety management systems.It is intended to help an organization to control occupational health and safety risks. it helps: minimize risk to employees, etc; improve an existing OH&S management system; it demonstrates diligence and assurance of quality work.