S Chand has made strategic investments to meet the challenges of doing business in adynamic market. We believe in continuously keeping in touch with changing trends andresponding with necessary actions from our side.
D R Dogra
I am delighted to present S Chand's maiden Annual Report for FY17 after our successfulIPO this year which made it a momentous year for all of us. Your company has been inexistence for over 70 years and has now entered the corporate frame' after goingpublic. This gives greater recognition to our brand but also imposes additionalresponsibility on the management to keep performing better all the time.
The brand of S Chand is very well established in the education space and a sizeablepart of the populace has been exposed directly or indirectly to the education materialpublished by us which has actually made S Chand literally a household name. Your supportin making our IPO successful gives us more confidence to aim for higher levels ofachievement as this is the only way that we can meet the expectations of all ourshareholders.
In our kind of business the stakeholders are all the nameless institutions teachersand students who are constantly looking for access to education material which is of highquality which meets the requirements of the system. Our line of business is different fromconventional ones which are linked to the economy or market forces. The universe ofstudents is always expanding and the demand for education books always increases. It isour endeavor to be there everywhere and provide the right material which meets thisrequirement. We are aware that the scope and quality of education has been changing and itis in our interest to meet these varying demands. Hence our business becomes dynamic wherethe twin challenges are gauging the requirements both present and future and providingfor the same so as to deliver value.
We have made strategic investments to meet these challenges and in this context believein continuously keeping in touch with schools teachers and students so as to gauge thechanging trends which necessitate action from our side. We at S Chand can assure you thatyour company is nimble footed and is constantly on the move and tuned to these changeswhich are taking place. We are also cognizant of the technological changes taking place inthis field and are suitably equipped to leverage the same to deliver better results. Weare confident that we will be the preferred choice for our three major stakeholders whichin turn will ensure that we deliver value for our shareholders.
The clue of our success is to have the best quality talent working with us and it ishere we can say with pride that we have the best qualified personnel working with us allthrough these years which has ensured we reach the position we are in today. We do havethe right human resources who are constantly exploring the market to gauge therequirements and then ensuring that the demand is met appropriately. This involves aconstant two-way multi-pronged communication with the market which involves takingfeedback all the time and _netuning our production and processes to the same.Needless to say the success of your company is due to the untiring efforts put in by ourPeople who we consider our biggest asset.
I would like to take this opportunity to thank all the members of the Board as well asour bankers and employees for their contribution in taking the company successfullyforward. I would also like to thank the shareholders for reposing their faith in themanagement of this company which will encourage us to work harder towards fulfilling ourpromises.
D R Dogra