A mar Kaul
Chairman Ingersoll-Rand (India) Limited
2021 was a year to acknowledge and feel proud of our 100 years journeyand accomplishments with our purpose - Lean On Us to Help You Make Life Better.
We are celebrating our 100 years in India with our focus on continuousinnovation and deployment of advancing technologies across industrial air compressors ofvarious capacities and related services as well as complete machines and spare parts.During our journey we always have been focused on understanding the market providingquality products and being futuristic in our customer commitment. Well continue ourpromise ensure to make our customers successful and help make life better of communitieswhere we operate. Things have changed over 100 years but what remains consistent is ourhistory of innovation and sustainability. As a stronger company we deliver moresustainable products solutions and services and we continue to build a great future andculture in the company.
As we close another year of pursuing excellence while drivingsustainable innovation I would like to express my gratitude to our employees whoembraced our value to think and act like owners. Delivering on our commitments quicklybecame a cultural norm and a competitive advantage. With our trust in employees andcommitment to live by Ingersoll Rand Execution Excellence (IRX) daily we delivered strongresults and stand ready to grow in 2022-23 and beyond. Together we are confident ofachieving new milestones while being committed to reduce the carbon footprint.
Poised for Sustainable Growth
Our portfolio transformation aligns with global megatrends:digitization sustainability energy efficiency and quality of life. These megatrends areexpected to have meaningful growth and we're capitalizing on them through our own organicgrowth enablers: demand generation Industrial Internet of Things (lloT) and product andservice innovation. Also we share our pride in our employees customers and shareholderachievements. As a stronger company we deliver more sustainable products solutions andservices.
We have transformed our product and services portfolio becoming morefocused on sustainable end markets to meet customer needs by adding and launching 5 newproducts to portfolio for industries like Air Separation Hospital Pharma F&B. Withour 'made in India' products through numerous channel partners Ingersoll Rand has helpedmission critical industries gain better efficiencies even during the lockdown phase.
The opportunity to help customers is extraordinary. Ingersoll Randprovides IOT enabled products through Helix and iConn expanding channel footprint andother industry-leading efficiency products that enable customers to reduce the energycosts from air compressors up to 50% and air treatment solutions or dryers up to anincredible 90%.
We have also launched our solar plant at Naroda Gujarat manufacturingfacility aiming to accelerate our sustainability commitment and reducing dependence onconventional energy by almost 40% with almost 1800 solar panels' installation at thefacility totaling capacity of 800 kWp.
Impact Begins with our Employees
Ingersoll Rand employees are the foundation of our success. We committo core values that foster a culture that celebrates diversity equity and inclusion andpromotes an ownership mindset.
Our employee engagement efforts produced substantive progress in 2021.In our last engagement survey all of our questions scored above the manufacturingbenchmark collected by our engagement survey partner.
2030 and 2050 Environmental Coals
Our pursuit of sustainability continues to be bold and transparent. Ourproducts and services provide a unigue opportunity and contribute to solving many of theenvironmental issues. We are proud to share our 2030 and 2050 environmental goals focusedon improvements in water air and land quality. Our teams collaborate and brainstormtogether to meet our goals.
Many companies are focusing on Sustainability in an environmentally andsocially conscious manner but we are focusing on addressing climate change assessclimate risk and other sustainability related issues and determine ways to find solutionsas a business. In our efforts to make this happen our company's goals underscorestrategic priority to operate sustainably across key areas of our business where we canmake a powerful and lasting impact. The commitments further unite our employees through ashared sense of responsibility and purpose bring value to our customers through productinnovation and stewardship and make a positive difference toward protecting ourcommunities. We prioritize the integration of sustainability principles into everyproduct innovation we design including a robust governance model and a focus onfostering social and environmental improvement in our communities.
Looking Ahead: 2022 and Beyond
In the pages of this report you'll witness the pride of our progressand our excitement for the future I want to extend a sincere thank you to all ofour employees. We believe the unique IR culture differentiated with an ownership mindsetwill accelerate execution and performance in 2022 and beyond.