ESAB offers a complete line of welding and cutting products and solutions. Explore our equipment offering with ease based on product line and industry.
ESAB is a world leader in welding and cutting equipment and consumables. Explore our complete line of welding & cutting products for virtually every application.
ESAB University Courses are incremental, structured learning modules designed to help you take your skills to the next level. New courses are being added regularly, so please check back often. Click the link to see current courses offered.
Articles cover industry topics more in-depth and are created in partnership with ESAB engineers and master welders. Click the links to see the latest.
Tips from ESAB Experts to help take your welding, cutting and fabrication skills to the next level.
ESAB University videos are curated with tips and best practices from top fabricators around the world. Learn new techniques or improve your current skills with ESAB University videos.
ESAB Courses are structured learning designed to help welders achieve certain learning milestones and explore topics more in-depth. Check back often for updated resources.
Enhance your knowledge of welding, cutting, and fabrication with free and accessible webinars on a variety of topics, including welding best practices, tips for using ESAB products, new product launches, and more, presented by trusted ESAB experts.
ESAB is a world leader in welding and cutting equipment and consumables. We offer a complete line of fabrication solutions for virtually every application.
ESAB Newsroom - Stay up to date with the latest news from ESAB. View press releases, product announcements, corporate news, and more here.
ESAB EHS (Environment, Health & Safety) initiatives are monitored with the highest degree of importance and commitment to safety is ingrained in our culture.
The history of ESAB is the History of Welding. Go here to view an interactive look at ESAB's history in shaping the future of innovation in welding, cutting, and fabrication.
ESAB is recognised for its adherence to the best industry practices and commitment to its employees and customers. Explore our list of prestigious awards that we have been honoured with!
View available job openings and more on the ESAB Careers page.
ESAB offers a wealth of product support resources, including a range of technical and service publications, from Safety Data Sheets and downloadable product manuals to product certifications.
Visit ESAB's global manual search engine to access the items below and more.
Global User Manuals
Instruction Manuals
Spare Parts List
Product Storage Instructions
View Main Contact Page
View ESAB Location Information
+91 44 4228 1100
Risk Management is a key aspect of the “Corporate Governance Principles and Code of Conduct” which aims to improvise the governance practices across the Company’s activities. Risk management policy and processes will enable the Company to proactively manage uncertainty and changes in the internal and external environment to limit negative impacts and capitalize on opportunities.
The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving the risks which are material in nature and are associated with the business. In order to achieve the key objective, the policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on material risk related issues.
Board of Directors shall include a statement indicating development and implementation of a risk management policy for the company including identification therein of elements of material risks, if any, which in the opinion of the Board may threaten the existence of the company.
BACKGROUND AND IMPLEMENTATION Every Company is prone to inherent business risks. This document is intended to formalize a risk management policy, the objective of which shall be identification, evaluation, monitoring and minimization of identifiable material risks.
This policy is in compliance with the provisions of Section 134 (n) the Companies Act, 2013 and the amended Clause 49 of the Listing Agreement which requires the Company to lay down procedure for risk assessment and procedure for risk minimization.
The Board of Directors of the Company and the Audit Committee shall periodically i.e. once in six months, review and evaluate the risk management system of the Company so that the management controls the risks through properly defined network.
Head of every Department shall be responsible for implementation of the risk management system as may be applicable to their respective areas of functioning and report to the Internal Sub-Committee of the Risk Management. The Internal Sub-Committee inturn shall report to the Risk Management Committee, the Audit Committee and the Board of Directors.
Risk Management Committee shall be constituted by the company consisting of such number of Directors (executive or non-executive) and / or Senior Executives, as the Company thinks fit.
The Board of Directors may issue guidelines on the roles & responsibilities of the Risk Management Committee & also delegate monitoring & reviewing of the risk management plan to the Committee & such other functions as it may deem fit.
An Internal Committee, called the RMC sub-committee, consisting of the MD / ED, CFO, CS, VP-O and VP-HR would analyse the various risks and mitigation measures and put up the same before the Risk Management Committee of the Board for its consideration.
This policy applies to all areas of the Company’s operations.
The Board will undertake the following actions to ensure risk is managed appropriately:
The Board shall be responsible for framing, implementing and monitoring the material risk management plan / policy for the company.
The Board may define the roles and responsibilities of the Risk Management Committee and may delegate monitoring and reviewing of the risk management plan to the Committee and such other functions as it may deem fit.
Ensure that the appropriate systems for risk management which are material in nature are in place.
The independent directors shall help in bringing an independent judgment to bear on the Board’s deliberations on issues of material risk management and satisfy themselves that the systems of risk management are robust and defensible;
Participate in major decisions affecting the organization’s material risk profile;
Have an awareness of and continually monitor the management of strategic and material risks;
Be satisfied that processes and controls are in place for managing less significant risks;
Be satisfied that an appropriate accountability framework is working whereby any delegation of risk is documented and performance can be monitored accordingly;
Ensure risk management is integrated into board reporting and annual reporting mechanisms.
Convene any board-committees that are deemed necessary to ensure material risks are adequately managed and resolved wherever possible.
This policy may be reviewed at least once every year to ensure it meets the requirements of legislation & the needs of the organization.