What ever the mind of man can conceive and believe it can achieve.
To believe ...
To have confidence in the truth the existence or the reliability of something althoughwithout absolute proof...
The last financial year saw us draw upon our resilience fighting back theunprecedented challenges that had hit us during the previous years.
Our belief about the directive of gas disconnection being unfair and discriminatory wasstrongly agreed upon by the judiciary system through four High Court judgments. We hopethat the Government will take cognizance of the High Court orders and in the interest ofthe farmer community and the industry as a whole resume supply of gas on original terms.Our deep rooted bonds with our customers and their beliefs in our value propositions havegradually crystallised into a bounce-back in the TAN demand at right prices despite thevolatile energy pricing coal mining restrictions and implementation of AN rules.
The year saw the highest-ever production and sale of Concentrated Nitric Acidhighest-ever chemical trading sales in volumes and revenue an increase in the overallsales of TAN by 15% and highest-ever overall sales of fertilisers. During the year wealso achieved over 15 million accident free man hours and NSC award at National level forexcellence in safety at our manufacturing sites Prashansa Patra award at the VidghyanBhavan and most innovative retailer award of Indian Retail Congress for Ishanya Mall's''Home Sukh''.
In the year that went by we embarked on the 25th year of our fertiliserbusiness growing from:
- A single product in 1992 to a range of 7 bulk and 43 specialty products.
- A volume of 53000 MT to 558000 MT per year.
- A Rs. 36 Crore to over Rs. 1600 Crore Turnover.
The greatest joy of all was of touching lives of over 4 million farmers!
Belief and perseverance has earned us the ''Most Trusted Brand'' award among thefertiliser companies across India.
In keeping with our vision to make the Indian farmers globally competitive the comingyear will see fruition to our large investments in NPK and Sulphur Bentonite projects.Both will take us further on our journey to provide holistic nutrient management to ourfarms in
India covering not just the basic NPK needs for the soil/ crop but also the much neededmicro nutrients and crop focused nutrition solutions.
We also hope to take concrete steps to enhance the capacity of our TAN and Chemicalbusinesses shortly.
Our deep introspections have lead us to crystallise our actions in the coming decadeon our firm beliefs in the need:
For a deeper insight by refocusing our businesses and shifting from commodityofferings to holistic product plus solutions.
To embark on the journey to deeply involve in serving the needs of our finalconsumers and not just stop at customers and channel partners alone.
To unleash today's best-in-class technologies beyond IT support in every facetof consumer service.
To focus on deeper and meaningful purpose of business beyond pure commerce andaligning this spirit from top to bottom in our HR initiatives.
As the year unfolds it is our deep rooted beliefs that would help us re-write ourhistory!
S. C. Mehta
Chairman & Managing Director