dear shareholders

This year has seen exceptional challenges with covid-19 significantly impacting thedaily lives of people all around the world. The individual and collective responses ofcitizens communities and businesses have been remarkable in the face of such adversity. Ihope you your family and friends are safe and are maintaining all the necessary covidrelated protocols. An unforeseen crisis of this magnitude is a true test of the characterof an organisation. Our response to the pandemic has been truly inspirational andtestament to the strength of our purpose values and culture. We responded at an earlystage across our facilities and implemented several effective counter-measures. Our toppriority was and still is to protect the health and safety of our people. Our teamshowed tremendous resilience and continued to support and deliver. Their adaptability wastested as work practices changed almost overnight. They rose to the occasion and stayedtrue to our roots and committed to serving all our stakeholders. Today when i look backat the past year i am happy to say that our team has successfully navigated the headwindsacross all verticals and ensured business continuity. This has helped us earn recognitionfrom our customers and the industry governing bodies.

The covid-19 pandemic which we all have been battling for more than a year now hasbrought out the spirit of resilience adaptability and togetherness in each of us atgabriel india. As the old adage goes "when the going gets tough the tough getgoing"

60 years – a journey dotted with milestones!

I am proud to state that gabriel india and the anand group are celebrating theirdiamond jubilee year. The illustrious journey over the past 60 years has been a continuouslearning & truly exciting. We have come a long way in our journey from starting with asingle plant in 1961 to evolving into a globally renowned brand in the shock absorbersspace with multiple state-of-the-art plants across the country. Our constant strides anddetermination of building a robust and sustainable organisation over the years have beenlargely supported by people our strong r&d innovation culture and technologicalprowess leading to constantly relevant product portfolio.

The 60 glorious years of achievements and milestones of the gabriel brand signify thevarious initiatives undertaken towards building a sustainable business with the strongsupport of robust r&d and innovation technology focus an ever growing list ofesteemed customers and highly motivated employees.

Research & development

Over the years our constant r&d efforts have allowed us to offer new technology andsolutions to the customers aligned with the industry trends. Besides we have also beenfruitfully engaging with our partners to offer new technologies and solutions to ourcustomers. As a part of our next phase of growth and building upon the strong imperativeto move to evs we are strategically focusing on strengthening our basket of offerings inthe rapidly evolving ev space locally and globally.

Brand recall

Over the past 6 decades gabriel india has achieved a strong brand recall thanks tothe attention to product detail right from design development testing vehicle tuningand validation. In addition our continuous focus on quality and consistency in meetingcustomer requirement has allowed us to carve a niche for ourselves and has helped us inbuilding a strong brand connect among our stakeholder fraternity. I feel honoured to statethat gabriel india has made it to the top of the list of fortune india – the next500 companies for the year 2021 in the mid-size category. This is the testimony to ourendeavours towards building a strong brand and driving sustainable business practices.

Customer connect

Customer value creation has always been the top most priority at gabriel india. Ourdeep insights of product design and technological prowess have enabled us to manufacturepioneering products for decades catering to the ever evolving needs of our customers. Weare truly proud to have some of the longest running associations with the originalequipment manufacturers in india. Going forward exports will be the focus area forgabriel india. We have already started making inroads globally by creating a presence inthe asean region and entering into key markets of north america and europe. Gabriel indiais also well equipped to provide solutions for the electric vehicle industry and isgetting firmly entrenched with many of its prominent players in india. People power

Our continued success is due to the hard work and commitment of all our employees. Ourpeople culture is strong and i would argue that it's our most valuable asset. We haveconsistently attracted the best talents and nurtured them to evolve with the growth of theorganisation. It is reflected in our recognition in various prestigious forums in india.Today we have grown from strength to strength with a large suite of ride control productsand have created a significant presence across every automotive segment.

Sustainability

The emphasis today is on the environment. Gabriel india aims to establish itself as oneof india's most environmentally sustainable auto component manufacturers. We have investedin cutting-edge technology solutions and new manufacturing processes to consciouslyevaluate and minimise the ecological impact of our operations on the environment. Alignedwith this vision i am happy to state that our sanand facility has received the‘green factory building certification silver' certificate building council (igbc) afirst in the group. This strengthens our endeavours towards becoming an esg (environmentalsocial and governance) compliant company and establishing ourselves in making mobility asenvironment friendly as possible. Acknowledgements

Without the support of all our valued stakeholders our 60-year journey would neverhave been so successful. In addition the wealth of experience and strategic guidance byour board members have helped gabriel india achieve its goals while ensuring robustgovernance. We will continue to work together in our endeavours to create superior valuefor all stakeholders and make the journey of the next 60 years even more exciting! My bestwishes for a more buoyant future