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127-600: It is based in Kochi and Alappuzha . The head office of the Coir Board is in Kochi and the research and training office is at Alappuzha and Bangalore. The coir industry is one of India's traditional industries that is still economically important. The Coir Board has regional offices in different parts of India, wherever there is a significant industry presence. The board works for the promotion, research, education, and training of

254-402: A PowerPoint presentation and a booklet. McKinsey & Company has traditionally charged approximately 25 percent more than competing firms. Its invoices traditionally contain only a single line. A typical McKinsey engagement (called a "study") can last between two and twelve months and involves three to six McKinsey consultants. An engagement is usually managed by a generalist that covers

381-658: A mayor . For administrative purposes, the city is divided into 74 wards , from which the members of the corporation council are elected for five years. Earlier; Fort Kochi , Mattancherry and Ernakulam were the three Municipalities in Cochin area, which was later merged to form the Cochin Corporation. The corporation has its headquarters in Ernakulam, and zonal offices at Fort Kochi , Mattancherry, Palluruthy , Edappally and Pachalam . The general administration of

508-429: A partnership before being legally restructured as a private corporation with shares owned by its partners in 1956. It mimics the structure of a partnership and senior employees are called "partners". The company has a flat hierarchy and each member is assigned a mentor. Since the 1960s, McKinsey's managing director has been elected by a vote of senior directors to work up to three, three-year terms or until reaching

635-476: A "fading empire, where hubris and changing times have diminished the firm's statures." In his February 2020 in-depth article in The Atlantic , Daniel Markovits argues that McKinsey promotes "intellect and elite credentials" and "Meritocrats" over "directly relevant experience". Many of McKinsey's alumni become CEOs of major corporations or hold important government positions. In doing so, they influence

762-462: A 1997 article in The Observer , McKinsey recruited recent graduates and "imbue[d] them with a religious conviction" in the firm, then cull[ed] through them with its " up-or-out " policy. The "up or out" policy, which was established in 1951, meant that consultants that were not being promoted within the firm were asked to leave. By 1997, about one-fifth of McKinsey's consultants departed under

889-677: A McKinsey consultant at the time, published "Make Overhead Cuts That Last" in Harvard Business Review , in which he introduced new rules for scientific management such as "overhead valuation analysis" (OVA). OVA guided McKinsey's "path to downsizing", responding to the "mid-century corporation's excessive reliance on middle management". Neuman wrote that the "process, though swift, is not painless. Since overhead expenses are typically 70% to 85% people-related and most savings come from work-force reductions, cutting overhead does demand some wrenching decisions." In 1976, Ron Daniel

1016-489: A Social Sector Office (SSO) in 2008, which is divided into three practices: Global Public Health, Economic Development and Opportunity Creation (EDHOC) and Philanthropy. McKinsey does much of its pro-bono work through the SSO, whereas a Business Technology Office (BTO), founded in 1997, provides consulting on technology strategy. By 2009, the firm consisted of 400 directors (senior partners), up from 151 in 1993. Dominic Barton

1143-562: A business magazine, the McKinsey Quarterly . McKinsey has been the subject of significant controversy and is the subject of a criminal investigation into its business practices. The company has been criticized for its role promoting OxyContin use during the opioid crisis in North America , its work with Enron , and its work for authoritarian regimes like Saudi Arabia and Russia . The criminal investigation by

1270-493: A city with one of the largest Christian populations in India. The majority of the city's residents are Malayalis . However, there are significant ethnic minority communities including Tamils , Gujaratis , Jews , Anglo-Indians , Sikhs and Konkanis Malayalam is the main language of communication and medium of instruction for primary education, although a number of schools do offer English medium education. The higher education

1397-616: A commission to study the feasibility of the suggested merger. Based on its report, the Kerala Legislative Assembly approved the corporation's formation. On 1 November 1967, exactly eleven years since the establishment of the state of Kerala, the Kochi Municipal Corporation came into existence. The merger leading to the establishment of the corporation, was between the municipalities of Ernakulam, Mattancherry and Fort Kochi , along with that of

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1524-641: A crime rate of 1,897.8 compared to the 424.1 in whole Kerala. However, the city police commissioner defended that in major crimes such as murders and kidnapping, the city registered a low crime rate even behind other cities in the state. Kochi is part of the Ernakulam Lok Sabha constituency in Indian Parliament . The current elected Member of Parliament representing the constituency is Hibi Eden of Indian National Congress . The Ernakulam Lok Sabha constituency elects seven members to

1651-424: A lawyer. The firm developed an " up or out " policy, where consultants who are not promoted are asked to leave. In 1937, Bower established a set of rules: that consultants should put the interests of clients before McKinsey's revenues, not discuss client affairs, tell the truth even if it means challenging the client's opinion, and only perform work that is both necessary and that McKinsey can do well. Bower created

1778-520: A new state—Kerala—incorporating Travancore-Cochin (excluding the four southern Taluks which were merged with Tamil Nadu ), Malabar District, and the taluk of Kasargod , South Kanara . On 9 July 1960 the Mattancherry council passed a resolution—which was forwarded to the government—requesting the formation of a municipal corporation by combining the existing municipalities of Fort Kochi , Mattancherry , and Ernakulam . The government appointed

1905-423: A newly opened SEBI office. Availability of electricity, fresh water, long coastline, backwaters, good banking facilities, presence of a major port, container trans-shipment terminal, harbour terminal and an international air terminal are some of the factors which accelerated the industrial growth in the city and its adjoining district. In recent years the city has witnessed heavy investment, thus making it one of

2032-419: A notoriously competitive hiring process and is widely seen as one of the most selective employers in the world. McKinsey recruits primarily from top business schools and was one of the first management consultancies to recruit a limited number of candidates with advanced academic degrees (e.g., PhD) and deep field expertise, and who have demonstrated business acumen and analytical skills. McKinsey publishes

2159-603: A private consulting agreement, violating McKinsey's policies on confidentiality. Gupta was convicted in June 2012, of four counts of conspiracy and securities fraud , and acquitted on two counts. In October 2011, he was arrested by the FBI on charges of sharing insider information from these confidential board meetings with Rajaratnam. At least twice, Gupta used a McKinsey phone to call Rajaratnam and retained other perks—an office, assistant, and $ 6 million retirement salary that year —as

2286-606: A process to centralize knowledge from each practice area and a resource directory of internal experts." By the end of his tenure in 1988 the firm was growing again and had opened new offices in Rome , Helsinki , São Paulo and Minneapolis . Fred Gluck was McKinsey's managing director from 1988 to 1994. The firm's revenues doubled during his tenure. He organized McKinsey into 72 "islands of activity" that were organized under seven sectors and seven functional areas. By 1997, McKinsey had grown eightfold over its size in 1977. In 1989

2413-505: A project to build an industrial park named Electronic City spanning an area of 340 acres (140 ha), to cater to the electronic hardware industries. The private operator NeST is building a Special Economic Zone specifically for electronics hardware spanning an area of 30 acres (12 ha). The Cochin International Airport is in the process of setting up an aerotropolis at Nedumbassery . The air gateway to Kochi

2540-474: A senior partner emeritus. After the scandal McKinsey instituted new policies and procedures to discourage future indiscretions from consultants, including investigating other partners' ties to Gupta. In February 2018, Kevin Sneader was elected as managing director. He had a three-year term that began on July 1, 2018. McKinsey has consulted for multiple cities, states and government organizations during

2667-963: A survey conducted by the Nielsen Company on behalf of the Outlook Traveller magazine . In October 2019, Kochi was ranked seventh in Lonely Planet 's list of top 10 cities in the world to visit in 2020. In November 2023, the British Luxury travel magazine Condé Nast Traveller rated Kochi as one of the best places to go in Asia in 2024. Ancient travellers and tradesmen referred to Kochi, variously alluding to it as Cocym , Cochym , Cochin , and Kochi . The Cochin Jewish community called Cochin Kogin ( Hebrew : קוגין ), which

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2794-607: A traditional "headquarters"; the managing partner chooses his or her home office. McKinsey & Company provides strategy and management consulting services, such as providing advice on an acquisition, developing a plan to restructure a sales force, creating a new business strategy or providing advice on downsizing, according to the 2013 book, The Firm . The 1999 book, The McKinsey Way said that McKinsey consultants designed and implemented studies to evaluate management decisions using data and interviews to test hypotheses . which were then presented to senior management, typically in

2921-482: A water metro project. The Kochi Water Metro is the first water metro project in India and the first integrated water transport system of this size in Asia connects 10 islands of Kochi through a network of 15 routes that span 76 km and 38 jetties. Kochi has the highest population density in Kerala with 7139 people per km . As of 2011 , Kochi had a metropolitan area population of 2,117,990. The female-to-male ratio

3048-753: A year on research. McKinsey was one of the first organizations to fund management research, when it founded the Foundation for Management Research in 1955. The firm began publishing a business magazine, The McKinsey Quarterly , in 1964. It funds the McKinsey Global Institute, which studies global economic trends and was founded in 1990. It also launched the McKinsey Institute for Black Economic Mobility in 2020 to fund research focused on advancing inclusive growth & racial equity globally. Many consultants are contributors to

3175-450: Is 1,028:1,000, significantly higher than the all-India average of 933:1,000. Kochi's literacy rate is 97.5%. The female literacy rate lags that of males by 1.1%, among the lowest such gaps in India. Kochi's major religions are Hinduism , Christianity and Islam . Jainism , Judaism , Sikhism and Buddhism , with smaller followings, are also practised in Kochi. Though 44% practice Hinduism, Christianity's large following (38%) makes Kochi

3302-552: Is a stub . You can help Misplaced Pages by expanding it . Kochi Kochi ( / ˈ k oʊ tʃ i / , Malayalam: [kotˈt͡ʃi] , ISO : Kōcci ), also known by its former name Cochin ( / ˈ k oʊ tʃ ɪ n / KOH -chin ), is a major port city along the Malabar Coast of India bordering the Laccadive Sea . It is part of the district of Ernakulam in the state of Kerala . The city

3429-476: Is also commonly referred to as Ernakulam . As of 2011, the Kochi Municipal Corporation had a population of 677,381 over an area of 94.88 km , and the larger Kochi urban agglomeration had over 2.1 million inhabitants within an area of 440 km , making it the largest and the most populous metropolitan area in Kerala. Kochi city is also part of the Greater Cochin development region and

3556-776: Is also the Cochin Harbour Terminus providing rail connectivity to the southern segment of the Port of Kochi . The terminus is currently under renovation for the suburban rail networks in the city. The main rail transport system in Kochi is operated by the Southern Railway Zone of Indian Railways , and comes under Thiruvananthapuram Railway division . The South station is one of the busiest railway stations in South India, with more than 128 scheduled train services daily. The North station situated on

3683-490: Is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey , McKinsey is the oldest and largest of the "MBB" management consultancies (MBB) . The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower , McKinsey expanded into Europe during

3810-672: Is another major road and connects the Cochin Seaport to the Cochin International Airport . The Infopark Expressway in Kakkanad is connected to the Seaport-Airport Road and stretches all the way to Infopark . Other major roads include Chittoor Road , Banerji Road , Shanmugham Road , Kochi Bypass , Kaloor-Kadavanthra Road , Park Avenue etc. A new ring road is proposed for Kochi city by

3937-788: Is classified as a Tier-II city by the Government of India . The civic body that governs the city is the Kochi Municipal Corporation , which was constituted in the year 1967, and the statutory bodies that oversee its development are the Greater Cochin Development Authority (GCDA) and the Goshree Islands Development Authority (GIDA). Nicknamed the Queen of the Arabian Sea , Kochi was an important spice trading center on

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4064-578: Is credited with founding the firm's principles and strategy as his deputy. The New York office purchased exclusive rights to the McKinsey name from the former McKinsey Chicago office which was separated with AT Kearney in 1946. McKinsey & Company grew quickly in the 1940s and 1950s, especially in Europe. It had 88 staff in 1951 and more than 200 by the 1960s, including 37 in London by 1966. In

4191-542: Is invariably in English medium, and it is the preferred language in business circles. Tamil and Hindi are widely understood—albeit rarely spoken. Like other fast-growing cities in the developing world, Kochi suffers from major urbanisation problems. The city was ranked tenth among Indian cities in terms of house-cost and availability, urban household crowding and household incomes. McKinsey %26 Company McKinsey & Company (informally McKinsey or McK )

4318-671: Is located in Kochi. Kochi Refineries of (BPCL) at Ambalamugal is the largest state owned refinery in India. Petronet India has now almost completed Kochi LNG Terminal , for importing and storing natural gas, for energy and fueling needs. Central Government establishments like the Coconut Development Board , the Coir Board and the Marine Products Export Development Authority (MPEDA) have head offices located in

4445-484: Is one of the major contributors of the local economy. Ernakulam district , in which Kochi is situated, ranks first in the total number of domestic tourists visiting Kerala, and thus contributes to the economy of the city. The tourist enclave at Fort Kochi and presence of several historical monuments, museums etc. as well as natural attractions like the Vembanad lake and the backwaters attract large number of tourists to

4572-529: Is recognised as one of the seventeen major industrial cities of India by the World Bank Group. However, in the 2009 rankings of ease to start and operate a business, among the 17 Indian cities selected, Kochi was rated as the second most difficult city to start business and was ranked 16th, above Kolkata. As in most of Kerala, remittances from non-resident Indians (NRI)s is a major source of income. Eloor , situated 13 kilometres (8.1 miles) north of

4699-477: Is seen in the seal of the synagogue owned by the community. The Arab merchants called this place Kashi , which is seen in the books such as Tuhfat Ul Mujahideen . The origin of the name Kochi is thought to be the Malayalam word kochu azhi , meaning 'small lagoon'. Accounts by Italian explorers Nicolo Conti (15th century), and Fra Paoline in the 17th century say that it was called Kochchi , named after

4826-430: Is the Cochin International Airport (CIAL) located at Nedumbassery , which is about 28 km (17 mi) north of Kochi city, and handles both domestic and international flights. It is the first international airport in India to be built without Central Government funds and is the world's first fully solar energy powered airport. The Cochin airport provides direct connectivity to popular international destinations in

4953-723: Is under second phase of construction. The terminal acts as a hub for long-distance bus services away from the city centre, and also a converging point for different modes of public transport, namely bus, metro and ferry. Kochi is one of the few cities to be granted the new-generation air-conditioned low-floor and non-air-conditioned semi-low-floor buses under the JNNURM city transport development project. KURTC and private buses operate frequent schedules to neighbouring areas of Nedumbassery , Perumbavoor , Aluva , Muvattupuzha , Kothamangalam , Cherthala and Poochakkal . Taxis and auto rickshaws (called autos ) are available for hire throughout

5080-593: The 2019 coronavirus pandemic . During the first four months of the pandemic, McKinsey obtained in excess of $ 100 million in consulting work, including no-bid contracts with the United States Department of Veterans Affairs and Air Force . The reopening guidelines for Florida's Miami-Dade County , produced with McKinsey's input, were criticized by local media and officials for complexity and lack of clarity. McKinsey discontinued its investment banking advisory unit in 2021, citing "personnel matters" as

5207-746: The British colonial rule , Cochin was the first princely state to join India willingly. In 1949, Travancore–Cochin state came into being with the merger of Cochin and Travancore . The King of Travancore was the Rajpramukh of the Travancore–Cochin Union from 1949 to 1956. Travancore-Cochin, was in turn merged with the Malabar district of the Madras State . Finally, the Government of India 's States Reorganisation Act (1956) inaugurated

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5334-486: The Harvard Business Review . McKinsey consultants published only two books from 1960 to 1980, then more than 50 from 1980 to 1996. McKinsey's publications and research give the firm a "quasi-academic" image. A McKinsey book, In Search of Excellence , was published in 1982. It featured eight characteristics of successful businesses based on an analysis of 43 top performing companies. It marked

5461-651: The Kingdom of Cochin . When Vasco Da Gama landed at Kozhikode and the Zamorin of Calicut fought against the Portuguese with Kunjali Marakkar , the ruler of Cochin aligned with the Portuguese. On the Malabar coast during the early 15th century, Calicut and Kochi were in an intense rivalry, so the Ming dynasty of China decided to intervene by granting special status to Kochi and its ruler known as Keyili (可亦里) to

5588-494: The Mangalavanam Bird Sanctuary is located in the central part of the city. It has a wide range of mangrove species and is a nesting ground for a vast variety of migratory birds. Kochi's water needs are entirely dependent on ground water and the two rivers flowing through the district viz., Periyar and Muvattupuzha . Periyar serves the entire northern part of the city whereas Muvattupuzha river under

5715-556: The Periyar River is handled by Kerala Water Authority with support of Water works department of Kochi Corporation. Electricity is provided by the Kerala State Electricity Board . The GCDA and GIDA are the government agencies initiating and monitoring the development of Greater Cochin area, mainly in developing infrastructure facilities for the city. Kochi is the seat of High Court of Kerala ,

5842-946: The State Water Transport Department and private firms from various boat jetties in the city. The junkar ferry for the transshipment of vehicles and passengers between the islands are operated between Ernakulam and Vypin , and between Vypin and Fort Kochi. However, with the construction of the Goshree bridges (which links Kochi's islands), ferry transport has become less essential. The main boat jetties are Ernakulam Main Boat Jetty near Park Avenue, High Court Jetty in Banerjee Road, Embarkation Jetty in Willingdon Island and Fort Kochi Jetty. In April 2023, Kochi became India's first city to have

5969-645: The US Justice Department , with a grand jury to determine charges, is into its role in the opioid crisis and obstruction of justice related to its activities in the sector. McKinsey & Company was founded in Chicago under the name James O. McKinsey & Company in 1926 by James O. McKinsey , a professor of accounting at the University of Chicago . He conceived the idea after he had witnessed inefficiencies in military suppliers while he

6096-496: The Willingdon Island , four panchayats ( Palluruthy , Vennala , Vyttila and Edappally ), and the small islands of Gundu and Ramanthuruth . The Kochi and Ernakulam districts formed on 1 April 1958 carving areas of the erstwhile Travancore-Kochi-Malabar regions. A major portion of the district is from the Kochi kingdom. The city's economic growth gathered momentum after economic reforms in India introduced by

6223-566: The Yongle Emperor himself, to Kochi. As long as Kochi remained under the protection of Ming China, the Zamorin of Calicut was unable to invade Kochi and a military conflict was averted. The cessation of the Ming treasure voyages consequently had negative results for Kochi, as the Zamorin of Calicut would eventually launch an invasion against Kochi. In the late 15th century, the Zamorin occupied Kochi and installed his representative as

6350-400: The central government in the early 1990s. Since 2000, the service sector has energised the city's economy. The establishment of several industrial parks based on IT and other port based infrastructure triggered a construction and realty boom in the city. Over the years, Kochi has witnessed rapid commercialisation, and has today grown into the commercial hub of Kerala. Kochi is located on

6477-439: The financial , commercial and industrial capital of Kerala. Kochi is the only city in the country to have a water metro system , which has been described as the world's largest electric boat metro transportation infrastructure. The Cochin International Airport is the first in the world to operate solely on solar energy . Kochi was one of the 28 Indian cities among the emerging 440 global cities that will contribute 50% of

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6604-533: The south-west monsoon brings in heavy rains as Kochi lies on the windward side of the Western Ghats . From October to December, Kochi receives lighter (yet significant) rain from the northeast monsoon, as it lies on the leeward side. Average annual rainfall is 3,014.9 mm (118.70 in), with an annual average of 124 rainy days. The city is governed by the Kochi Corporation , headed by

6731-475: The 14th century by the Chinese, are a symbol of the city and a popular tourist attraction in themselves. Other landmarks include Mattanchery Palace , Marine Drive , Venduruthy Bridge , Church of Saint Francis and Mattanchery Bridge . The city ranks first in the total number of international and domestic tourist arrivals in Kerala. The city was ranked the sixth best tourist destination in India according to

6858-410: The 15th century as part of Admiral Zheng He 's treasure fleet. There are also references to Kochi in accounts written by Italian traveller Niccolò Da Conti , who visited Kochi in 1440. The ruler of Perumpadappu (near Ponnani ) fled to Kodungallur in the early medieval period, when the Zamorin of Calicut annexed Ponnani region, after Tirunavaya war. They later moved to Kochi and established

6985-485: The 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck —along with Boston Consulting Group 's Bruce Henderson , Bill Bain at Bain & Company , and Harvard Business School 's Michael Porter —initiated a program designed to transform corporate culture . A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management . McKinsey has

7112-595: The Chinese. Calicut had been the dominant port-city in the region, but Kochi was emerging as its main rival. For the fifth Ming treasure voyage , Admiral Zheng He was instructed to confer a seal upon Keyili of Kochi and enfeoff a mountain in his kingdom as the Zhenguo Zhi Shan (鎮國之山, Mountain Which Protects the Country). Zheng He delivered a stone tablet, inscribed with a proclamation composed by

7239-665: The Dutch, fearing an outbreak of war on the United Provinces , signed the Anglo-Dutch Treaty of 1814 with the United Kingdom, under which Kochi was ceded to the United Kingdom in exchange for the island of Bangka , east of Sumatra . However, there are evidences of English habitation in the region even before the signing of the treaty. In 1866, Fort Kochi municipality was reinstalled. Fort Kochi , which

7366-588: The Governor of the Madras Presidency, Sir Arthur Lawley and his brother, Beilby Lawley, 3rd Baron Wenlock , Governor of Madras, 1891 to 1896, left for an official tour of Cochin and Travancore , which lasted from 25 January to 14 February. On 26 January, they were met by His Highness the Rajah of Cochin who gave a State Dinner in their honour at Ernakulam . By the 1870s, the capital of Kochi Kingdom

7493-529: The Home Ministry of Government of Kerala . An anti-corruption branch of the Central Bureau of Investigation also operates out of the city. CISF maintains 3 squadrons for providing security to various central and state heavy industries, airport and seaport zones. Other major central agencies are NIA , DRI and Indian Customs due to the presence of major port. According to National Crime Records Bureau (NCRB), Kochi reported significant increase of 193.7 per cent IPC crimes in 2010 compared to 2009, and reported

7620-495: The JnNurm project covers the western part. Under the Köppen climate classification , Kochi features a tropical monsoon climate ( Am ). Kochi's proximity to the equator along with its coastal location results in little seasonal temperature variation, with moderate to high levels of humidity. Annual temperatures range between 23 and 31 °C (73 and 88 °F) with the record high being 36.5 °C (97.7 °F), and record low 16.3 °C (61.3 °F). From June to September,

7747-399: The Middle East, Malaysia , Thailand and Singapore and to most major Indian cities apart from tourist destinations like Lakshadweep . Kochi is also the headquarters of the Air India Express service. With a terminal area of 840,000 sq ft (78,000 m ), and a passenger capacity of 2200 (international and domestic), it is the largest and busiest airport in the state. It is also

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7874-554: The New York-based McKinsey, Wellington & Co. and splitting off the accounting practice into Chicago-based Wellington & Company. A Wellington project that accounted for 55 percent of McKinsey, Wellington & Company's billings was about to expire and Kearney and Bower had disagreements about how to run the firm. Bower wanted to expand nationally and hire young business school graduates, whereas Kearney wanted to stay in Chicago and hire experienced accountants. In 1937, James O. McKinsey died after catching pneumonia. This led to

8001-550: The article, McKinsey was cited as claiming that its consultants were not motivated by money, and that partners talked to each other with "a sense of personal affection and admiration". The article described a culture clash that occurred in the early 1990s, leading to the departure of 151 out of the 254 ICG staff members. In their 1997 book Dangerous Company: Management Consultants and the Businesses They Save and Ruin , authors James O'Shea and Charles Madigan said that McKinsey's culture had often been compared to religion , because of

8128-496: The beginning of McKinsey's shift from accounting to "softer" aspects of management, like skills and culture. According to David Guest from King's College , In Search of Excellence became popular among business managers because it was easy to read, well-marketed and some of its core messages were valid. However, it was disliked by academics because of flaws in its methodology. Additionally, a 1984 analysis by BusinessWeek found that many of those companies identified as "excellent" in

8255-486: The charge of a new authority called Kochi Metropolitan Regional Development Authority. However, The Hindu reported that the state government is yet to take any concrete steps in this regard. Soil consists of sediments such as alluvium , teris, brown sands, etc. Hydromorphic saline soils are also found in the areas surrounding the backwaters. Predominant rock types found here are Archaean -basic dykes , Charnockites and Gneisses . An ecologically sensitive area,

8382-491: The city is a major exporter of spices and is home to the International Pepper Exchange , where black pepper is globally traded. The Spices Board of India and World Spice Organisation are headquartered in Kochi. The IT and ITES related industries are growing up in Kochi. Availability of cheap bandwidth through undersea cables and lower operational costs compared to other major cities in India, has been to its advantage. Various technology and industrial campuses including

8509-463: The city is handled by the Personnel Department and the Council Standing committee Section. Other departments include that of town planning , health, engineering, revenue and accounts. The corporation is also responsible for waste disposal and sewage management. The city produces more than 600 tons of waste per day and a large portion of waste is decomposed at Brahmapuram Solid Waste plant into organic manure. The supply of potable water , sourced from

8636-424: The city-centre, is the largest industrial belt in Kerala, with more than 250 factories manufacturing a range of products including chemical and petrochemical products, pesticides , rare earth elements , rubber processing chemicals, fertilisers , zinc and chromium compounds, and leather products. Fertilisers and Chemicals Travancore Limited (FACT), one of the oldest fertilizers and chemical industry in Kerala

8763-575: The city. Kalamassery which is situated around 16.5 km from the City Center is one of the major Industrial areas. Leading factories like FACT , HMT and IT/Biotechnology park like KINFRA Hi-Tech Park are located here. The Cochin University of Science and Technology is located at Kalamassery. Irimpanam is another major industrial area in Kochi. The Seaport-Airport Road (SPAP Road) passes through this place and oil giants like Indian Oil Corporation , Bharat Petroleum and Hindustan Petroleum have plants here. Like elsewhere in Kerala, tourism

8890-417: The city. Kochi is served by National Highway 66 , National Highway 544 , National Highway 966A and National Highway 966B . Several state highways also connect Kochi with other parts of Kerala. SH 15, Ettumanoor-Ernakulam Road , connects the city to Kottayam , Pala , Kumily , Changanacherry , Pathanamthitta etc. SH 41, Palarivattom-Thekkady Road , provides a corridor to the eastern parts of

9017-437: The city. Presence of several leading hospitality brands have been a major source of employment for locals. The Kochi Port is one of the leading ports where international cruisers call on regularly. The city has the first marina facility in the country, Kochi Marina which attracts large number of yacht-totters. Real Estate industry is also one industry which is contributing a lot to the economy of Kochi. Many players have entered

9144-697: The company performed more than 1,000 e-commerce projects from 1998 to 2000 alone. An October 1, 2000, article in the New York Times described the compulsory mini-courses that McKinsey—and its two largest rivals Boston Consulting and Bain—offered their "hyper-educated" young new recruits. Once completed, these newly certified management consultants would begin their work of "advising the executives of multibillion-dollar companies" on "projects" not related to their academic backgrounds"—"[l]awyers would help packaged-foods companies develop new products, and physicists would tell Internet start-ups how to stand out from

9271-469: The crowd." The burst of the dot-com bubble led to a reduction in utilization rates of McKinsey's consultants from 64 to 52 percent. Though McKinsey avoided dismissing any personnel following the decline, the decline in revenues and losses from equity-based payments as stock lost value, together with a recession in 2001, meant the company had to reduce its prices, cut expenses and reduce hiring. In 2001, McKinsey launched several practices that focused on

9398-461: The day. Development of road infrastructure not keeping pace with the increase in traffic is a major problem faced by Kochi, like most other parts of Kerala. The city has four major railway stations – Ernakulam Junction , Ernakulam Town (locally known as the South and North railway stations respectively), Aluva , and Tripunithura followed by smaller stations, Edapally and Kalamassery. There

9525-532: The district. SH 63, Vypeen Pallipuram Road and SH 66, Alappuzha – Thoppumpady road are coastal roads that serve the narrow sliver of land between the backwaters and the sea. The main arterial roads of the city are the Mahatma Gandhi Road and Sahodaran Ayyappan Road in Ernakulam, constructed in 1925 & 1962 respectively which runs parallel & perpendicular to the coast and having the proposed Metro Rail connectivity. The Seaport-Airport Road

9652-407: The division of McKinsey, Wellington & Company in 1939. The accounting practice returned to Scovell, Wellington & Company, while the management engineering practice was split into McKinsey & Company and McKinsey, Kearney & Company. Bower had partnered with Guy Crockett from Scovell Wellington, who invested in the new McKinsey & Company and became managing partner, while Marvin Bower

9779-609: The fastest-growing second-tier metro cities in India. Sales tax income generated in the Kochi metropolitan area contributes heavily to state revenue. The district contributes 15.1% of the state GDP. Construction and manufacturing industries combined contributes 37% of the district's total GDP, and trade, tourism and hospitality industries together provides another 20%. Major business sectors include construction, manufacturing, shipbuilding , transportation/shipping, seafood and spices exports, chemical industries, information technology (IT), tourism, health services , and banking. Kochi

9906-536: The firm had a "button-down culture" focused on "playing by the rules". In his 2013 book, The Firm: The Story of McKinsey and Its Secret Influence on American Business , Duff McDonald described how McKinsey's consultants were expected to become a part of the community and recruit clients from church, charitable foundations, board positions and other community involvements. McDonald wrote that McKinsey calls itself "The Firm" and its employees "members". BusinessWeek summarized The Firm ' s description of McKinsey as

10033-650: The firm tried to acquire talent in IT services through a $ 10 million purchase of the Information Consulting Group (ICG), but a culture clash caused 151 out of the 254 ICG staff members to leave by 1993. In 1994, Rajat Gupta became the first non-American-born partner to be elected as the firm's managing director. By the end of his tenure, McKinsey had grown from 2,900 to 7,700 staff and 58 to 84 locations. He opened new international offices in cities such as Moscow , Beijing and Bangkok . Continuing

10160-592: The firm's principle of only working with CEOs, which was later expanded to CEOs of subsidiaries and divisions. He also created McKinsey's principle of only working with clients the firm felt would follow its advice. Bower also established the firm's language. In 1932, the company opened its second office in New York City . In 1935, McKinsey left the firm temporarily to be the chairman and CEO of client Marshall Field's . In 1935, McKinsey merged with accounting firm Scovell, Wellington & Company, creating

10287-760: The firm's revenues declined. New competitors like the Boston Consulting Group and Bain & Company created increased competition for McKinsey by marketing specific branded products, such as the Growth–Share Matrix , and by selling their industry expertise. In 1971, McKinsey created the Commission on Firm Aims and Goals, which found that McKinsey had become too focused on geographic expansion and lacked adequate industry knowledge. The commission advised that McKinsey slow its growth and develop industry specialties. In 1975, John L. Neuman,

10414-539: The firm, since it prides itself on integrity and client confidentiality. McKinsey no longer maintains a relationship with either senior partner. Senior partner Anil Kumar, described as Gupta's protégé, left the firm after the allegations in 2009, and pleaded guilty in January 2010. While he and other partners had been pitching McKinsey's consulting services to the Galleon Group, Kumar and Rajaratnam reached

10541-613: The first municipality in Indian subcontinent, which got dissolved when Dutch authority got weaker in the 18th century. The remaining part of Kochi were governed by governors of Kochi Kingdom. By 1773, the Mysore ruler Hyder Ali extended his conquest in the Malabar region to Kochi forcing it to become a tributary of Mysore . The hereditary Prime Ministership of Kochi held by the Paliath Achans ended during this period. Meanwhile,

10668-545: The fourth busiest airport in India in terms of international passenger traffic, and seventh busiest overall. Kochi is well connected to neighbouring cities and states via several highways. It is a node in the North-South Corridor of the National Highway system. The road infrastructure in Kochi has not been able to meet the growing traffic demand and hence traffic congestion is a major problem in

10795-670: The government promoted InfoPark , Cochin Special Economic Zone and KINFRA Export Promotion Industrial Park operate in the outskirts of the city. Several new industrial campuses are under construction in the suburbs of the city. SmartCity at Kakkanad is one of the prominent projects. Cyber City at Kalamassery is another integrated IT township SEZ being planned in the private sector. Kochi has an established electronics hardware industry with companies such as V-Guard Industries, OEN India Limited, FCI OEN Connectors and SFO Technologies. The Government of Kerala has announced

10922-534: The highest judicial body in the state of Kerala. The Kochi City Police is headed by a Police Commissioner , an Indian Police Service (IPS) officer. The city is divided into five zones and each zone under a circle officer. Apart from regular law & order, the city police comprises the Traffic Police, Narcotics Cell, Riot horse, Armed Reserve Camps, District Crime Records Bureau and a Women's Police station . It operates 19 police stations functioning under

11049-596: The industry. The board functions under the Ministry of Micro, Small and Medium Enterprises . The coir industry employs more than 7 lakh (700,000) people, a majority of whom are from rural areas who belong to economically weaker sections of society. The Coir Board has worked actively to support the International Year of Natural Fibres 2009. Shri Kuppuramu Duraipandi is the current chairman of Coir Board of India. This article about an Indian company

11176-474: The influence, loyalty and zeal of its members. The firm has a policy against discussing specific client situations. A September 1997 The News Observer story said that McKinsey's internal culture was "collegiate and ruthlessly competitive" and has been described as arrogant. Ethan Rasiel's 1999 book entitled The McKinsey Way , described a culture at McKinsey's whereby members were not supposed to "sell" their services. The Sunday Times wrote that McKinsey

11303-716: The king of the port-city. According to many historians, the precursor state to Kingdom of Kochi came into existence in the early 12th century, after the fall of the Chera Kingdom . The reign of the Kingdom was hereditary, and the family that ruled over the region was known as the Perumpadappu Swaroopam in the local vernacular. The port at Kozhikode held superior economic and political position in medieval Kerala coast, while Kannur , Kollam , and Kochi, were commercially important secondary ports, where

11430-843: The mainland Ernakulam, Fort Kochi , the suburbs of Edapally , Kalamassery , Aluva and Kakkanad to the northeast; Tripunithura to the southeast; and a group of islands closely scattered in the Vembanad Lake . The state government and the GCDA have plans to include Mala and Kodungallur in Thrissur district, Angamaly , Perumbavoor , Piravom and Kolenchery in Ernakulam district, Thalayolaparambu and Vaikom in Kottayam and Cherthala in Alappuzha district within Kochi metropolitan limits. The newly formed metropolis would be put under

11557-420: The mandatory retirement age of 60. The firm is also managed by a series of committees that each has its own area of responsibility. By 2013, McKinsey was described as having a decentralized structure, whereby different offices operate similarly, but independently. The company's budgeting is centralized, but individual consultants are given a large degree of autonomy. As a global firm McKinsey does not have

11684-637: The market and have developed residential properties. Kochi is the headquarters of the Southern Naval Command , the primary training centre of the Indian Navy. The Cochin Shipyard , contributes to the economy of the city. The fishing harbour at Thoppumpady is a minor fishing port in the state and supplies fish to local and export markets. To further tap the potential of the all-season harbour at Kochi, an international cruise terminal

11811-578: The members of the royal family of Cochin in 16th and 17th centuries were selected from Vettom . However, the Tanur forces under the king fought for the Zamorin of Calicut in the Battle of Cochin (1504) . However, the allegiance of the Mappila merchants in Tanur region still stayed under the Zamorin of Calicut. Kochi hosted the grave of Vasco da Gama , the first European explorer to set sail for India, who

11938-638: The metro system will have 22 stations connecting the suburban towns of Aluva and Pettah while passing through downtown. The first half of the Phase-1 of Kochi Metro was inaugurated on 17 June 2017 by Indian Prime Minister Narendra Modi . Currently Kochi Metro is operational from Aluva till Maharaja's College along the Kalamassery – Edappally – Kaloor – MG Road stretch, covering a total of 18.4 km with 16 operational metro stations. Kochi ranks among India's major seaports, partly due to being one of

12065-430: The need to develop the port was greatly felt. Harbour engineer Robert Bristow was brought to Kochi in 1920 under the direction of Lord Willingdon , then the Governor of Madras . In a span of 21 years, he transformed Kochi as one of the safest harbours in the peninsula, where ships berthed alongside the newly reclaimed inner harbour equipped with a long array of steam cranes. In 1947, when India gained independence from

12192-520: The northern end of a peninsula, several islands and a portion of the mainland. To the west lies the Laccadive Sea , and to the east is the urbanised region in the rest of the mainland area. Much of Kochi lies at sea level, with a coastline of 48 km. The eastern part of Kochi is mainly known as Ernakulam , while the western part of it after the Venduruthy Bridge is called as Western Kochi. The current metropolitan limits of Kochi include

12319-475: The northern side of the city, caters mostly to long-distance services that bypass the South station, and also is an additional halt station for many trains. There is also a historic station named as Ernakulam Terminus (station code:ERG) situated behind the High Court . Great personalities like Mahatma Gandhi and The British Viceroy have visited Cochin through this old railway station. Ernakulam Terminus

12446-666: The other organizations with McKinsey's values and culture. McKinsey's alumni have been appointed as CEOs or high-level executives. In his 2010 publication, The Lords of Strategy: The Secret Intellectual History of the New Corporate World , business journalist Walter Kiechel traced the roots of a profound change in corporate management to "four mavericks" in the 1960s—Fred Gluck at McKinsey & Company, Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School professor, Michael Porter. Kiechel recounted how they "revolutionized

12573-541: The position of managing director. Davis promised a return to the company's core values after a period in which the firm had expanded rapidly, which some McKinsey consultants felt was a departure from the company's heritage. Also in 2003, the firm established a headquarters for the Asia-Pacific region in Shanghai . By 2004, more than 60 percent of McKinsey's revenues were generated outside the U.S. The company started

12700-401: The public and social sector. It took on many public sector or non profit clients on a pro bono basis. By 2002, McKinsey had invested a $ 35.8 million budget on knowledge management , up from $ 8.3 million in 1999. Its revenues were 50, 20, and 30 percent from strategy, operations, and technology consulting, respectively. In 2003, Ian Davis , the head of the London office, was elected to

12827-422: The reason. In 2021, McKinsey's Australian office made two acquisitions, Hypothesis, a digital product development company, and Venturetec, an innovation consulting firm. On June 1, 2022, McKinsey announced that it had acquired Caserta, a data engineering firm. In March 2023, McKinsey announced a layoff of 1,400 employees, in a rare job cut of the company. McKinsey & Company was originally organized as

12954-482: The region the client's headquarters are located in and specialists that have either an industry or functional expertise. Unlike some competing consulting firms, McKinsey does not hold a policy against working for multiple competing companies (although individual consultants are barred from doing so). McKinsey & Company was the first management consultancy to hire recent graduates instead of experienced business managers, when it started doing so in 1953. According to

13081-590: The river connecting the backwaters to the sea. After the arrival of the Portuguese, and later the British, the name Cochin stuck as the official appellation. The city reverted to a closer transcription of its original Malayalam name, Kochi , in 1996. This change in name was challenged by the city municipal corporation, but the court later dismissed the plea. Muziris , a port somewhere north of Kochi (mostly identified with Kodungallur in Thrissur district ),

13208-573: The safest harbours in the Indian Ocean. The port, administered by a statutory autonomous body known as the Cochin Port Trust , offers facilities for bunkering , handling cargo and passenger ships and storage accommodation. The port is a complex of three islands, one of which is man-made. It also operates passenger ships to Colombo and Lakshadweep . Boat services are operated by Kerala Shipping and Inland Navigation Corporation ,

13335-555: The same year, McKinsey had six offices in major US cities, including San Francisco , Cleveland , Los Angeles and Washington D.C. , as well as six abroad. These foreign offices were primarily in Europe , such as in London , Paris , and Amsterdam , as well as in Melbourne . By this time, one third of the company's revenues originated from its European offices. Guy Crockett stepped down as managing director in 1959, and Marvin Bower

13462-402: The southwest coast of India at 9°58′N 76°13′E  /  9.967°N 76.217°E  / 9.967; 76.217 , with a corporation limit area of 94.88 km (36.63 sq mi). Over the years, the city has expanded considerably outside the corporation limit set in 1967, although the official city limits haven't been changed. The city straddles the backwaters, encompassing

13589-450: The state Legislative Assembly, one each from Ernakulam , Kalamassery , Kochi , Paravur , Thrikkakara , Thrippunithura and Vypin . Kochi is widely referred to as the financial and commercial capital of Kerala. Federal Bank , the fourth-largest Private-sector bank in India is located in Aluva which is a suburb of Kochi. Being a major online trading centre in the country, Kochi has

13716-522: The state government for which a project study is being currently undertaken by NATPAC. The primary form of public transport within the city is largely dependent on privately owned bus networks. The state-run also operates its services in the city through the Thirukochi service. The major bus terminals in the city are Ernakulam Town, Ernakulam Jetty and the private bus terminal at Kaloor. An integrated transit terminal namely The Mobility Hub at Vytilla

13843-411: The structure developed by prior directors, Gupta also created 16 industry groups charged with understanding specific markets and instituted a three-term limit for the managing director. McKinsey created practice areas for manufacturing and business technology in the late 1990s. McKinsey set up "accelerators" in the 1990s, where the firm accepted stock -based reimbursement to help internet startups ;

13970-456: The traders from various parts of the world would gather. The Portuguese arrived at Kappad Kozhikode in 1498 during the Age of Discovery , thus opening a direct sea route from Europe to India. Portuguese navigator, Pedro Álvares Cabral founded the first European settlement in India at Kochi in 1500. From 1503 to 1663, Fort Kochi ( Fort Emmanuel ) was ruled by Portugal . This Portuguese period

14097-408: The up or out policy each year. McKinsey's practice of hiring recent graduates and the "up-or-out" philosophy, were originally based on Marvin Bower's experiences at the law firm Jones Day in the 1930s, as well as the " Cravath system " used at the law firm Cravath, Swaine and Moore . In recent years, it has consistently been recognized by Vault as the most prestigious consulting firm employer in

14224-836: The way we think about business, changed the very soul of the corporation, and transformed the way we work," according to the Harvard Business Press synopsis. McKinsey has been either directly involved in, or closely associated with, a number of notable scandals, involving Enron in 2001, Galleon in 2009, Valeant in 2015, Saudi Arabia in 2018, China in 2018, ICE in 2019, an internal conflict of interest in 2019 and Purdue Pharma in 2019, among others. By 2019, major news outlets, including The New York Times and ProPublica , had raised concerns about McKinsey's business practices. McKinsey & Company consultants regularly publish books, research and articles about business and management. The firm spends $ 50–$ 100 million

14351-548: The west coast of India from antiquity. The port of Muziris traded with the Romans, Persians, Arabs, and Chinese. From 1503 to 1663, the Portuguese established Fort Kochi ( Fort Emmanuel ), before it was taken over by the Dutch in 1663. The Dutch then ceded the area to the United Kingdom. Kochi remained under the control of the Kingdom of Cochin , which became a princely state of the British . Today, Kochi has been described as

14478-668: The world GDP by 2025, in a 2011 study done by the McKinsey Global Institute. In July 2018, Kochi was ranked the topmost emerging future megacity in India by global professional services firm JLL . Kochi's rich cultural heritage has made it a popular tourist destination among both domestic and international travellers. It has been hosting India's first art biennale, the Kochi-Muziris Biennale , since 2012, which attracts international artists and tourists. The Chinese fishing nets , introduced during

14605-589: The world. In 2018, 800,000 candidates applied for 8,000 jobs. While many recruits have MBAs, by 2009, less than half of the firm's recruits were business majors; by 1999, recruits had advanced degrees in science, medicine, engineering or law. A November 1, 1993, profile story in Fortune magazine said that McKinsey & Company was "the most well-known, most secretive, most high-priced, most prestigious, most consistently successful, most envied, most trusted, most disliked management consulting firm on earth". In

14732-713: Was a harrowing time for the Saint Thomas Christians , Muslim Mappilas , and the Jews , as the Inquisition was active in Portuguese India . The ruler of the Kingdom of Tanur , who was a vassal to the Zamorin of Calicut, sided with the Portuguese, against his overlord at Kozhikode . As a result, the Kingdom of Tanur ( Vettathunadu ) became one of the earliest Portuguese Colonies in India. The ruler of Tanur also sided with Cochin . Many of

14859-747: Was a part of Malabar District until 1956, was made a municipality on 1 November 1866, along with Kannur , Thalassery , Kozhikode , and Palakkad , according to the Madras Act 10 of 1865 (Amendment of the Improvements in Towns act 1850) of the British Indian Empire . Its first Municipal Council seating contest was conducted in 1883. In 1896, H.H. Rama Varma XV , The Maharaja of Cochin, initiated local administration by forming town councils in Mattancherry and Ernakulam . In 1907,

14986-478: Was a pioneer in the industry—the "first firm to hire MBA graduates from the top business schools to staff its projects, rather than relying on older industry personnel." They were still trying to keep a "very low profile public image" in 2005. That year, an article in The Guardian said that McKinsey "hours are long, expectations high and failure not acceptable". According to an October 2009 Reuters article,

15113-612: Was also constructed. Exports and allied activities are also important contributors to the city's economy. The Cochin Port currently handles export and import of container cargo at its terminal at Willingdon Island . The International Container Transshipment Terminal operating out of Vallarpadam , is India's largest transshipment terminal. Cochin Port Trust also planning to build an Outer Harbour near Puthuvype . Kochi's historical reliance on trade continues into modern times, as

15240-460: Was buried at St. Francis Church until his remains were returned to Portugal in 1539. The Portuguese rule was followed by that of the Dutch who renamed Fort Immanuel as Fort Stormsburg. In meantime, the Royal Family of Kochi relocated the capital of Kochi Kingdom to Thrissur , leaving nominal authority over Islands of Kochi. In 1664, Fort Kochi Municipality was established by Dutch, making it

15367-408: Was elected as managing director, a role he was re-elected for in 2012 and 2015. Rajat Gupta along with another McKinsey executive, Anil Kumar , were among those convicted in a government investigation into insider trading for sharing inside information with Galleon Group hedge fund owner Raj Rajaratnam . Though McKinsey was not accused of any wrongdoing, the convictions were embarrassing for

15494-422: Was elected in his place. McKinsey's profit-sharing, executive and planning committees were formed in 1951. The organization's client base expanded especially among governments, defense contractors, blue-chip companies and military organizations in the post– World War II era. McKinsey became a private corporation with shares owned exclusively by McKinsey employees in 1956. After Bower stepped down in 1967,

15621-443: Was elected managing director, serving until 1988. Daniel and Fred Gluck helped shift the firm away from its generalist approach by developing 15 specialized working groups within McKinsey called Centers of Competence and by developing practice areas called Strategy, Operations and Organization. Daniel also began McKinsey's knowledge management efforts in 1987. This led to the creation of an IT system that tracked McKinsey engagements,

15748-481: Was relocated again to Kochi Suburb of Tripunithura . In 1910, Ernakulam became the administrative capital of Kochi Kingdom with establishment of Royal Secretariat and State Durbar. The offices of the Diwan and High court were soon moved into Ernakulam. In 1925, Kochi legislative assembly was constituted due to public pressure on the state. Towards the early 20th century, trade at the port had increased substantially, and

15875-530: Was the centre of Indian spice trade for many centuries, and was known to the Arabs , Yavanas ( Greeks and Romans ) as well as Jews , Syrians, and Chinese since ancient times . Kochi rose to significance as a trading centre after the port Muziris around Kodungallur (Cranganore) was destroyed by the massive flooding of Periyar in 1341. The earliest documented references to Kochi occur in books written by Chinese voyager Ma Huan during his visit to Kochi in

16002-435: Was the first station to serve the city but had to be abandoned in the early 1960s. Now this station operates as a goods depot of Southern Railway. The Kochi Metro is a metro rapid transit system serving the city of Kochi, intended to considerably ease traffic congestion in the city and its surrounding metropolitan area. It is being set up at an overall estimated cost of ₹ 5,146 crore (US$ 620 million). The Phase-1 of

16129-510: Was working for the United States Army Ordnance Department . The firm called itself an "accounting and management firm" and started out giving advice on using accounting principles as a management tool. McKinsey's first partners were AT Kearney , hired in 1929, and Marvin Bower , hired in 1933. Bower is credited with establishing McKinsey's values and principles in 1937, based on his experience as

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