A NEW GOVERNMENT: NEW HOPES & ASPIRATIONS
In the best traditions of democracy a new Government was elected this year with aresounding mandate. This is potentially a turning point in history and an opportunity tocollectively script a new destiny for our nation. As a company deeply rooted in India'ssoil Sahyadri Industries Ltd. (SIL) is committed to realizing the vision of a dynamicprosperous and self-reliant India. It is your Company's avowed mission to be a globalIndian enterprise serving national priorities. This is manifest in your Companysdetermination to go beyond the confines of business to create enduring value for thelarger Indian society. It is with this strength of conviction in your Company's values andvitality that we once again pledge SIL's fullest support to the new vision for fulfillingour shared goal of a new India of our dreams and the 'We Make in India' concept.
SAHYADRI INDUSTRIES LTD.: PERFORMANCE
As in earlier years let us first share some of the highlights of your Company's bottomline performance. Amidst a challenging economic context your Company recorded yet anotheryear of strong performance. Gross Income registered a new high at Rs.43764.96 lakhs whileNet Profit increased by 218% to Rs.711.61 lakhs. The segment net revenue has grown 17.38%.
This year the building material industry in India witnessed a marked slowdown.Notwithstanding such an adverse operating environment your Company's export businessrecorded a robust growth of 152%. Your Company's relentless effort to build world-classIndian brands backed by cutting-edge Research & Development and innovation willcontinue to drive performance in the years ahead.
WE MAKE IN INDIA: BUILDING WORLD-CLASS BRANDS FOR A DEVELOPED INDIA
The Honorable Prime Minister has articulated the Government's resolve to revive BrandIndia on the strength of 5 Ts - Tradition Talent Tourism Trade and Technology. Asuccessful global brand is a badge of honour for the country it belongs to and asustained source of wealth creation. When a country's institutions build world-classbrands they enrich their economies enabling sustainable growth and higher-incomelivelihood opportunities.
Indian enterprises truly have the mettle to create world-class brands. Building winningbrands is not an easy task. Successful global brands have been steadfast in nourishingtheir consumer franchise through ongoing innovation and remaining well ahead of thelearning curve. Therefore the challenge of building brands in competition with suchestablished players is no mean task. The countries that have accomplished this seeminglyimpossible mission have done so through close collaboration between the governments andtheir companies over the long haul.
Sahyadri Industries Ltd. achieved a new milestone - Export House Status to Sahyadri:SIL has been conferred the status of 'Export House' in its foreign trade wing this year.It is the certificate of recognition given by the Ministry of Commerce & IndustryGovt of India. The certification which acknowledges the performers and encouragesexports from the country is based on the track record of the company's exports. Thecompany has achieved this status by accelerating growth in export and creating a unique'We Make in India' brand.
Sahyadri's vision is to operate as a highly professional and futuristic company and actas an important instrument of export growth and contribute towards growth of the nation.
INNOVATION & SOCIO-ECONOMIC INITIATIVE:
SIL's commitment to socio-economic contribution is manifest in its nationallyacknowledged initiatives that create impactful societal value. SIL has created sustainablebusiness models to support livelihoods across the country.
Sahyadri wishes to extend a supporting hand to the Nation & Honorable PrimeMinister In their commitment to the Swachh Bharat Abhiyan with its InnovationSwachalay.
Swachalay is the ideal green toilet for the Swachh Bharat Abhiyan: These modular toiletblocks can be installed and ready to use in less than 1 hour. A revolutionary initiativethat offers a sustainable toilet block catering to critical needs addresses sanitationrequirements and helps develop the habit of hygiene among the populace at large.
SIL was awarded the prestigious India CSR Community Initiative Awards for its NovelGreen and Innovative Technology Cemply Swachalay toilets by Delhi based India CSR Group.Mr. Matteo Rizzi - Global Expertise & Authority WASH Household Care Unilever UKhanded over the award to the MD of Sahyadri Industries Ltd. Mr. Satyen Patel in NewDelhi on Feb 62015 at the India Sanitation Summit.
Swachalay is a user-friendly and cost-effective innovation. We have clear vision tokeep innovating and implementing these initiatives in focused areas.
Your Company is privileged to be able to pursue a path less traveled to create multipledrivers of growth supported by winning brands and an abiding vision to put country beforecorporation. It is our collective aspiration that your Company should be a NationalChampion in the service of the Nation. In this journey we draw strength from Team SIL andfrom their dedication and commitment.
As we conclude may we on behalf of the Board of Directors and the employees of yourCompany once again thank you our valued shareholders for your continued support andencouragement.
|Jayesh Patel ||Satyen Patel |
|Chairman ||Managing Director |