We are in the era of economic reforms through GST i.e. "One Nation One Tax"and our future seems to be very bright.
We closed the financial year 2016-17 on expected lines. During FY 2016-17 thecompany's total sales registered a marginal growth and we achieved a net profit of Rs.277.01 lacs.
A buoyant economy India is today a land of opportunities blessed with a favorabledemographic dividend and a growth rate of above 7%. The backdrop of "SkillIndia" and "Make in India" initiatives by the Government presents anexcellent opportunity for the Indian textile sector which is the second largestemployment generator after agriculture.
Moving forward we are preparing ourselves for GST related challenges ahead budgetingand strategizing our plans to achieve targets for the F Y 2017-18.
In the end I must acknowledge and appreciate the continuous and untiring efforts ofall our stakeholders and customers for their never-ending support in shaping theperformance of the company and enabling the group to reach its present position. I believethat their continuous endeavors will assist the organization to achieve new heights everyday.
With opportunities abound we at RSR are equipping ourselves to leverage our strengthsas an organization that is Built to Last'. Having embraced transformation this newtapestry is weaved to create an unprecedented future beyond imagination for this companywith a glorious past.
Dr. Ranchhoddas Mohota