It gives us an immense pleasure to address you and share our thoughtswith you.
We wish that you are safe healthy and taking all precautions for yourwell being.
As the mid-year dawns on 2021 the pandemic that swept across the globecontinues to be of concern. In India the second wave became yet another reminder of thefragility of human lives and livelihoods. The Government at the Centre and Statesbusinesses institutions and civil society organisations rose as one to address the myriadand unprecedented challenges. Doctors healthcare professionals and workers fought inunimaginable circumstances and selfless ways to save lives even as the deluge testedevery sinew of their tireless endeavours. The future continues to be threatened by thepossibility of more virus outbreaks and challenges for every one.
This challenging situation made everyone more empathetic and sensitivetowards life and the world at large. Even though the pandemic led to a lockdown for almostsix months during FY21 the crisis only made us stronger and smarter in managing our livesand our business in an uncertain environment. Such challenges always compel us toinnovate take initiative and become more resilient for the future.
We continued to work from home and ensured all our stakeholderrequirements were addressed. We also made sure that our labour force and security staffwere provided with requisite essentials regularly. All our sites have been following thesafety guidelines since the pandemic and we have been constantly updating them thusoffering our workforce a safe environment to function.
To ensure the safety and wellbeing of the employees and their familiesthe Company conducted a vaccination drive and most of the workforce made use of this driveacross Marathon Group.
In line with the recognition of the services of our worksforce and topartake in the Growth of the Group your Company has implemented an Employees Stock OptionPlan-2020 for the eligible employees of the Company its holding and subsidiary companies.
The decade ahead holds great promise for us as the Company has alreadyforayed into the new age customer experiences. As it will be a buyers market for now andempowering the customers to enable decision making will be the best interest of the realestate stake holders. As the world in general and real estate in particular grapples withthe impact of COVID-19the tradionally old fashioned "touch-and-feel" sector hasbeen forced to reinvent itself quickly to stay relevant. Tech savvy organisations willcontinue to stay resilient against all odds. Social influence and empathetic brandidentity will click well customers. Analytical thinking and hard core technologycapabilities will see great results.
We are reinventing ourselves in order to conquer a brand NEW phygitalfrontier and envisages to boldly go where no one else has gone before.
Customer's comfort to deal with developers like us with high brandequity financial prudence proven track record of construction quality and delivery thefinancial stability will ensure a consolidation of demand in our favour.
While the first half of FY21 was subdued because of the lockdownconstraints however the initiatives taken by Central and State governments RBI and otherregulatory authorities offered great support which ensured that the second half made upfor the whole year. We would also like to thank all our shareholders customers andpartners for their confidence in the brand and continuous support. It was very encouragingand helped us to continue our fight against the pandemic during these demandingsituations.
At Marathon our vision is to respond to the seamless changes and toreinvent the "Real estate" that offers a better quality of life for ourcustomers. We are certain that our customer-centric approach strong corporate governanceand deep understanding of consumer behaviour will only make us more aware robust andresilient.
Our only wish at this juncture is COVID appropriate behaviour from all.Such a united purpose spirit and action indeed lie hope for a healthier tomorrow for thepeople for enterprises and for the nation.
Stay Safe and Be Positive.
|Chetan R Shah ||Mayur R Shah |
|Chairman ||Vice Chairman |