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Indage Vintners Ltd.

BSE: 522059 Sector: Consumer
NSE: N.A. ISIN Code: INE194C01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Indage Vintners Ltd. (INDAGEVINTNERS) - Chairman Speech

Company chairman speech

CHAMPAGNE INDAGE LIMITED ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT MY DEAR SHAREHOLDERS, AS I WRITE THIS MESSAGE, I AM NOT ONLY COMMUNICATING WITH YOU THE PRECIOUS MOMENTS OF CORPORATE LIFE OF YOUR COMPANYBUT SHARING THE JOYS OF TRANSFORMATION. After pioneering the wine culture in India under trying circumstances, limited resources and the absence of any consumer oriented experiences, I was contemplating a rather peaceful and quiet growth limited to the domestic market, (which itself is a huge opportunity) and export Indian wine to the world. On the other hand, other countries in the world experienced glut of wines and some of the large players reported limited or negative growth. Under the circumstances, in a very carefully crafted strategy the management team of your company presented a plan to encourage expanding the horizons and evolve a global character of the business of your company. While it is true that the plans have their own challenges, this time around we have the resources, scientifically evaluated opportunities and the management team. Most important we have a direct communication with consumers and we can claim safely that we understand the consumer needs. Between my last communication and this, a number of milestones have already been crossed and that is where I want to share the joys of this journey. However, far from the comforts of cool Sahyadari Vineyards, my role and responsibility have taken me to all corners of the wine world. In the midst of our pursuit of being a global company we are very shortly going to cover the balance distance. It will be at this juncture when your company will become the global leader of the wine world, completely focused and committed to create a true multinational Indian Wine Company. I do hope my plans of enjoying the cool comforts of Sahyadari Valley will come true, albeit with journey of further 1 or 2 years. Until then I will continue to enjoy the challenges and building up the organization to meet with this challenges. Optimism is my way of looking at the business, struggle is my way of survival, leading from the front is my way of heading and sharing the love and joy with my shareholders is my way of taking care. On this monumental day let me reassure you not only of my commitment but pleasure of taking the company to the new heights. I seek your wishes and blessings for the good of the company and the shareholders. S.G. Chougule CHAIRMAN