Dear Shareowners & Stakeholders of Urja
I am delighted to share your Company's performance and our work towards a strongerfaster & brighter 'Urja' at the 25th Annual General Meeting of the Company.
The current economic environment requires a quest to succeed against odds and pursuitfor efficiency in everything we do. Closer home India experienced its own disruption withan unprecedented and audacious act of demonetization. In a purported bid to weed out blackmoney nearly 85% of the currency in circulation was sucked out of the system. The suddenact led to utter uncertainty chaos and insecurity that gripped businesses &individuals alike. Urja swiftly reviewed the emerging scenario in respect to our keystakeholders including dealer channel and further the business in co-operation with them.
Our Vision & Mission is the guiding light for the team at Urja. Our aim is toaccelerate the adoption of solar technology across the globe to conserve our Environmentand provide an environmentally friendly Sustainable and conflict free power supply. Urjabrand continues to emerge stronger through constant innovation product launchesmarketing and creating relationship with consumers on an ongoing basis. We managed toprovide our Customers high value products and solutions through building our strongfoundation in manufacturing and our commitment to Innovation efficiency quality andviability of our products thereby resulting in profitability.
Whilst Surfing the Development Wave your Company has participated in "3rdEco-friendly EVEXPO 2016 and added one more product in its kitty i.e. E-Rickshaw. as Urjais dedicated working towards Green Revolution. The product is eco-friendly economic easyto drive combating noise pollution and last but not the least very good opportunity foremployment with very less investment. Our philosophy is to become a trusted Green brandand we are continuously working for the same. You would be pleased to know that ourinnovative products have been warmly accepted by the consumers. We expect a similar growthtrajectory in the current year as well. We are focusing on deeper penetration to enhanceour distribution footprints.
I am also glad to share that your Company has received approval of Listing of EquityShares of the Company on National Stock Exchange of India Limited during the year.Another feather in the cap of Urja is that your Company has entered into the contract withBihar Renewable Energy Development Agency (BREDA) for design supply distribution andcomprehensive maintenance of Solar High Mask Lighting System at all primary health centrein the state of Bihar for five years.
We are riding India's development wave of opportunity and optimism and generating aself-accelerating process of economic development for the ultimate benefit of all ourstakeholders.
As in the past I on behalf of our entire team assure you of our singular commitmentto the growth of Company with ethics and integrity. I would express my gratitude to ourdiverse stakeholders our customers vendors bankers all the staff members and the Boardof Directors for their continued support enthusiasm and guidance.
We look ahead to march forward together as we embark on the key journey of "Creatingnew synergies and Carving new Strategies".
Warm Regards Honey Gupta