GRAPHITE INDIA LIMITED
ANNUAL REPORT 2001-2002
I take pleasure in presenting the first Annual Report in the history of our
In 2001-02, some of our businesses encountered their biggest challenges in
recent times. Business survival became the priority for a number of
companies in our industry.
At Graphite, our priority continued to be success, not survival. Our
management, as always, was pro-active, not passive. Our response was
strategic, structured, synergetic and superbly solvent. We dovetailed
Graphite India Ltd into Carbon Everflow Ltd, but re-christened the merged
company as Graphite India Ltd, thus retaining its distinct identity.
The merger was conducted to create a globally competitive organisation
through a combination of the strengths of the two companies: the largest
intellectual pool of graphite professionals in India and South East Asia.
This competitive people edge will enable Graphite India Limited to develop
new and value-added products and move closer to global customers.
In the years to come we are confident that this merger will reflect in
strong financials and increased market shares across our various
businesses. The G1 Brand shall go truly global.
The customer initiatives will be powered by a commitment to responsible
management that is pivoted around the enhancement of stakeholder value. I
am confident that these initiatives will lay the foundation for a focused
and value-driven company over the long-term.