An Unforgettable Journey
It gives me immense pleasure to present you the financial for your Company. In thefiscal year 2017-18 the Company has taken many positive steps for SustainableDevelopment. We are genuinely excited about the abundance that is yet to come and we areall set to welcome success with our dedication and perseverance.
Your Company has a global presence in 100 countries with 1145 employees. In the lastfew years the Company achieved unbeatable targets. We are one of the world's and India'smajor producers for the production of Fluoroquinolones Metronidazole MetforminKetoconazole and Metronidazole Benzoate. Through continuous efforts and investments intothe Business since
Incorporation your Company has developed 50+ products with 2143 MT/month capacities.Top 10 products contributed to around 75% of the total revenue whereas remaining productsare ready to achieve new heights.
Long-term Business strategy supported your Company to show strong financialposition ason 31st March 2018. In the year under consideration your Company has maintained overallRevenue Earnings before Interest Tax Depreciation and Amortization (EBITDA) and Profitafter Tax (PAT) inspite of challenging economic conditions.
Environment safety is our prime motto. We believe in producing best quality productswith zero discharge operations and recycling process. Your Company has taken multiplesteps to control the pollution through by-product processing and waste management.
As every coin has two sides we too on the one hand have faced various challenges dueto the internal and external environment. However on the other hand your Company hasperformed well in spite of the challenges faced.
To conclude I would like to express my sincere gratitude to all our Shareholders forshowing interest and confidence in our Business.
I thank all our Stakeholders Suppliers Customers Bankers Employees and everyoneassociated with us for supporting us to grow every single day.
Prakash M. Patil
Chairman Managing Director & CEO