We envision a bright future for our nation and strive hard to achieve the same throughsynergy innovation and hard work in our chosen sphere. What we are at Excel IndustriesLimited today is a result of thousands of hands working together to build a Company thatserves the country in its growth and development.
Since our inception in 1941 the Company has come a long way.
And as we commence our journey for the next years to come we see brighter and evenmore promising times ahead. Even though Covid-19 dominated the whole of 2020 and testedthe resilience of our business model it helped instil greater confidence and pride in ourpeople and processes. As a global health crisis it forced us to pause and review theemerging trends while preparing ourselves to build a future-ready organisation. Despiteall the ups and downs we witnessed last year our grit and determination kept us motivatedand driven.
Since beginning Excel has always strived to be a robust dynamic and forward-lookingcompany.
We are indebted to our visionary founders for the sound foundation laid for theCompany. All the stakeholders such as investors like you have always supported andencouraged us which has been a source of great inspiration.
Since decades we have always strived to give back to the society in the spirit ofGandhiji's idea of "Trusteeship" either directly or through associated NGOs.
We have always tried to engage in socially and nationally relevant businesses forexample Excel was Independent India's first pesticide manufacturer developing a range ofproducts fully indigenous inhouse knowhow to help the Green Revolution initiated by thecountry for food security. Similarly our pioneering work in the field of Urban Solid WasteManagement has helped with cleaner city and sustainable agriculture.
We envision a bright future for our great nation and strive hard to achieve the samethrough synergy innovation and hard work in our chosen sphere. What we are at ExcelIndustries Limited today is a result of thousands of hands working together to build aCompany that serves the country in its growth and development.
Excel has invested wisely in securing raw materials focussing on research intechnological development complying with Government policies on the environment andsupporting with needed monetary and other resources whenever needed. I am happy to statethat we have always got good result from these efforts in the form of increased profitsgreater customer satisfaction and a healthier environment. We are happy to note that thecovid pandemic has led to good degree of introspection by the entire human race regardingother equally disastrous threat namely climate change.
Today waste is definitely a resource in the new concept of a circular economy that isemerging. The corporates world over are becoming more responsive to social concerns.Today the world is moving towards environment- friendly use of resources and evenproduction-focussed countries like China have come up with significant reforms in theirchemical industry. It fills me with a great sense of pride to state that we have alwaysbeen conscious of our duty to the health of the environment in all our activities and tryto go beyond mere compliance for example effluent management through "Zero LiquidDischarge (ZLD)."
Today when I look back on the path we travelled so far it gives me a sense of joy andconfidence in our diverse and robust company colleagues capable of handling any challenge.This pride of working with such an illustrious team drives us every day as we work tohonour our stakeholders' faith and investment in us. I want to thank our customerssuppliers and other partners for their continued faith in our capability and for helpingus improve our processes and develop ourselves into a world- class company. I would alsolike to thank my fellow Directors our senior leadership team and company colleagues fortheir continued support and faith in our vision and for helping us drive towards success.Pandemic has been a great teacher. The VUCA (volatility Uncertainty Complexity andAmbiguity) challenges faced during the pandemic and ability to deal with it in quick timehas built enormous confidence. All of us have learned to accept the Covid-19 situationsand rise above it and deal with the "New Normal". We feel confident about FY2021-22 and beyond.
Here is hoping everyone gets fully vaccinated soon. I pray we come out of thischallenge safe and healthy as we slowly transform for a better future ahead!
Ashwin C. Shroff