It gives me immense pleasure to share with you the performance of your Company for theFinancial Year 2019-20 and welcome you all at the 23rd Annual General Meeting of OmfurnIndia Limited.
The performance of the Company for the Financial Year 2019-20 was impressive showinggrowth in terms of both revenue and profitability as compared to previous years. Thecontribution of the new factory at Umbergaon which was set up last year has resulted inincrease in turnover and profitability and is now contributing to the growth of theCompany. The latest technology and dedicated workforce would help the company to achieveits long-term goals.
During the last week of March 2020 the COVID-19 pandemic had disrupted demand andsupply chains across industries negatively impacting the business of companies anddriving the global economy towards a recession. The Government in India (GOI) imposedstringent lockdown in a bid to contain the spread of the disease.The Company's suspendedits operations at manufacturing plant at Umbergaon and
administrative office at Kandivali Mumbai in accordance with the guidelines issued bythe GOI.The GOI permitted non-essential activities in non-containment zones andsubsequently the Company had commenced operations at its Umbergaon factory in May 2020.The administrative office is also operating as per guidelines issued by GOI.
At Omfurn India Limited Customer satisfaction is our ultimate goal and we shall bepersistent in our efforts in maintaining the topmost level towards the same.I appreciateeach and every employee of the Company for their valuable contribution in the growth ofthe Company.
I would also like to place on record my appreciation to the Bankers of the Companycustomers employees and consultants for their valuable support and look forward to theircontinued co-operation in the years to come.
Warm Regards Rajendra C Vishwakarma