Annual Report 2024

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Our workforce

30 Years of careers in science

Recognizing the value of our employees, we continuously invest in their professional growth and overall well-being, underpinned by our commitment to excellence in our employee-related processes and practices.

8,146

Total Workforce

5,656

Scientists

530

PhD Scientists

1,047

New Joinees

331,130

Hours of mandatory and technical training

Fostering an enabling environment

At Syngene, ensuring that our employees feel supported, motivated, and empowered to perform at their best is a key priority. Our comprehensive people strategy addresses every aspect of an employee’s journey, from an engaging induction for our new team members to providing numerous learning opportunities, nurturing leadership skills, and implementing a transparent performance management system focused on career progression. Additionally, we prioritize the candidate experience from the very first interaction, ensuring that potential team members encounter a seamless and respectful process that reflects our organizational values and commitment to excellence. This holistic approach not only enhances the onboarding experience but also solidifies the foundation for long-term engagement and success within our company.

To enhance the comfort and value felt by new hires in their workplace, we revamped our induction process. This new approach provides a warm welcome to each new joiner, offering them the opportunity to interact with leaders within the organization. The induction serves as a vital platform for instilling the company’s values, culture, and priorities, fostering a tradition of high operational standards and performance excellence. This direct engagement with leadership not only enriches the onboarding experience but also integrates new employees into our dynamic corporate culture from day one.

Aligned with our vision to promote open communication and build a shared sense of purpose, townhall meetings are organized with senior leaders across all campuses. These meetings provide a forum for addressing various questions from employees and covering multiple topics of interest.

Our commitment to continuously improving the employee experience is underscored by our annual employee experience survey, which in FY24 achieved a participation rate of 91%. The insights gathered from this survey, which reflected an engagement score of 88%, are meticulously analyzed to formulate action plans that address key findings and enhance overall workplace satisfaction. This systematic approach ensures that we are responsive to our team’s needs and are consistently working towards creating an enriching and fulfilling work environment. Through these efforts, we demonstrate our dedication to maintaining a supportive and engaging workplace that meets the evolving needs of our employees.

Our commitment extends beyond merely aiming for employee satisfaction; we focus on all aspects of the employee experience - learning and development, opportunities for higher education, effective performance management, fostering a sense of community, and active participation in our corporate social responsibility (CSR) activities. We establish clear objectives and key performance metrics for every employee, supported by a robust system of appraisal, feedback, and rewards. This ensures outcomes that are fair and equitable, while also promoting personal and professional growth. By creating opportunities for ongoing education and community engagement, we empower our employees to not only enhance their skills but also to contribute positively to societal and environmental causes, reinforcing a culture of holistic development and shared values.

Prioritizing employee development

We understand that our employees’ growth is critical to our overall success as well as allowing them to achieve their personal development goals.

We offer a wide range of learning opportunities designed to meet the diverse needs of our workforce, reflecting our strong commitment to enhancing job-specific and soft skills, preparing employees for future challenges and leadership roles.

Furthermore, our Synpro Academy offers intensive project management training, preparing participants for the globally recognized ‘Certified Associate in Project Management’ (CAPM) certification issued by PMI, USA, equipping them with crucial project management skills.

These strategic educational initiatives ensure that our team remains competitive and well-prepared to advance in their careers, showcasing our unwavering commitment to employee development and growth.

Higher education and certification support: Understanding the importance of continuous education, we provide support for eligible employees seeking higher educational qualifications and professional certifications. This includes financial assistance, flexible working arrangements, and study leave (as defined in our policy), enabling our staff to pursue their academic and professional goals without compromising their work responsibilities.

My Future Plan: We introduced “My Future Plan” as part of our commitment to nurturing a performance-driven culture. This approach replaces traditional performance evaluations with a forward-looking and holistic conversation that reviews an employee’s achievements and sets the groundwork for future success within our organization. “My Future Plan” not only supports effective performance management and a high-performance culture but also ensures clarity about the leadership competencies that underpin successful leadership in the Company.

Career paths and succession planning: At our company, we actively assist employees in charting their career paths within the organization. By identifying potential career trajectories and providing the necessary tools and training, we help employees to envision and achieve their long-term career goals.

Continuing education for our scientists: Our Science Certification Program successfully completed its pilot batch last year, allowing participants to broaden their skills by learning about and experiencing new areas of science. We expanded this initiative across the organization, launching an enhanced version 2.0 of the program, offering six distinct tracks tailored to eligible employees’ specialized areas of science. Since August 2023, we have organized 58 engaging sessions in Bangalore and Hyderabad, totaling 166.5 hours of learning. The program had 590 participants, with 290 earning their certification after completing the program. This initiative demonstrates our dedication to scientific excellence and client value creation.

Diversity, equity and inclusion

At our company, we prioritize fostering a workplace culture that embraces diversity, ensures equity, and promotes inclusion, a commitment that is fundamental to our identity and success. Our diversity initiatives focus on actively recruiting a diverse range of talent, valuing unique perspectives and contributions. We are dedicated to fairness and impartiality in all our policies and practices, providing equal opportunities for all employees to advance and thrive. Our inclusivity programs encourage collaboration, respect, and acceptance at all levels, with training sessions, feedback mechanisms, and inclusive leadership practices. These efforts drive better business results, creating a sustainable and supportive environment where every employee can succeed.

Nurturing future leaders

Developing effective leadership is crucial for driving innovation, inspiration, and guiding our company through change and growth. To fuel our commitment to building leadership capability across the organization, we launched a three-month First Time Manager Accelerate program. This program focuses on developing self, building effective teams, and stakeholder management to prepare new managers to build their leadership competencies and efficiently deal with internal and external stakeholders. Our Managerial Development Program empowers first and second-line managers to effectively engage and mentor employees by emphasizing skill-building.

Syngene was recognized as one of ‘India’s Best Managed Companies’ by the management consultant, Deloitte India.

Proactive employee engagement

Recognizing that an engaged workforce is essential for high performance, throughout the year, we conducted a range of engagement initiatives to promote a sense of belonging, camaraderie, and motivation among our employees.

  1. We organized ‘SciFest 3.0,’  a five-day science festival that emphasized the importance of science to humanity and featured quiz competitions, skit performances, and presentations. We also celebrated National Science Day with debates, science quizzes, and thought-provoking sessions that sparked intellectual stimulation and interaction among participants.
  2. In June 2023, we hosted our first-ever family day event, ‘Samaroh,’ at our Hyderabad office, welcoming 200 participants from 55 families, including children who participated in a painting competition and a talent show, showcasing their impressive skills and creativity.
  3. We used sports to unwind and strengthen bonds among employees, organizing tournaments in chess, carrom, and foosball in Hyderabad, with over 200 employees demonstrating excellent teamwork and sportsmanship.
  4. We launched ‘Synquizitive,’ the second edition of our Interschool Science Quiz, to ignite a passion for science among young minds across the regions. Over 320+ volunteers contributed to the event’s success, demonstrating our collective capability to inspire and educate the next generation. This initiative exemplifies our commitment to community engagement and the promotion of educational pursuits.

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Board's Report
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Standalone Financial Statements
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Corporate Governance Report
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Consolidated Financial Statements
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Business Responsibility and Sustainability Report
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Glossary
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Management Discussion and Analysis
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AGM Notice
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Corporate Information
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