I am extremely happy and humbled to write to all shareholders on the 29th Annual reportof your Company. The Company had a successful year with strong growth in revenues overprevious financial year.
I am confident that the trend of profitability will move higher and we are on the rightpath of making it a reality. When I look at the Company from where it all started and tonow where it has been I see continuous innovation. Business cannot be static and has tokeep evolving by taking advantage of the changing market. In this process business willencounter challenges which also present opportunities. The Company has also had its shareof difficulties in the past and has fought hard to keep pace with the changing industrylandscape. Your company has gained vast amount of experience in this industry and hasalways strived to stay ahead of the learning curve by developing new ways to operate inthe business environment. This new experience and learning has given us the confidence andvigour of renewing ourselves and to pursue opportunities and touch new heights bymanufacturing products that meet customer needs and stay cemented by improving quality andserviceability.
Business in the modern world has evolved and got even more competitive with newopportunities' emerging at every step to be seized. In lieu of this it is highlyimperative for companies to make the right investments whether it is products people ortechnology and at the same time maintain a balance between each of these variables andkeep risk management in-check. A mixture of these ingredients and being customer-centrichelps in creating products that will suit their requirements and ever increasing customerdemand. I can confidently say that the Company is implementing best practices that makethe future for your company more promising. For the year ended 31st March 2018 yourcompany posted Standalone revenues of Rs4736 Mn which is a year on year growth of 10%. Wewill continue to remain prudent in our investments in both technology and products andalso focus on increasing our shareholders value and returns profile. As I look at theyears to come by I can see the emerging opportunities for growth starkly in front of us.The fundamental changes that the Company has implemented will help to regain lost marketshare and I am excited as I have begun to see the fruits of our efforts. I look forward toyou my fellow shareholders to be a part of this progress and milestones as we create newheights for the Company.
|Mr. Sanjeev Aggarwal |
|Chairman & Managing Director |
|(DIN: 00064076) |