Our company also continues to strengthen its relations with its investor and technologypartner MIBA Sinter Austria. MIBA's recent investment in our company during the yearfurther demonstrates its strong commitment to Sintercom and the potential they see in theIndian and global markets.
As we are all well aware this past year presented us with unprecedented challenges butdespite all the pain and suffering the entire world has and continues to endure theunbreakable human spirit shines through in large and small acts of kindness empathy andcompassion all around us.
The world has faced many crises in the past and without fail we have overcome ourchallenges by adapting to bounce back and move forward. This time however we had toadapt in many new and unique ways by leveraging the use of technology rapidly and bychallenging ourselves to significantly transform our working environment and stylerapidly and creatively.
Our team at Sintercom rose boldly to face its challenges demonstrating tremendousresilience throughout while remaining focused on managing effectively through a difficultand dynamic environment. Their adaptability was further tested as work practices changedalmost overnight and they remained committed to supporting all our stakeholders. Now whenI look back at the past year I am proud to say that our team has learned and adapted tosuccessfully navigate multiple headwinds across all areas of our business to remainfocused on the health and safety of our employees and to ensure business continuity andstability.
An unforeseen crisis of this magnitude is a true test of the character of anorganization. Our response to the pandemic has been truly inspirational and a cleartestament to the strength of our collective purpose values and culture. We responded atan early stage of the crisis across our facilities and implemented several effectivecountermeasures. Our top priority was and still is to protect the health and safety ofour people. While our employees faced many pressures during the pandemic they remainedflexible focused and strong. Assuring our customers vendors and suppliers of our supportwas a top priority and as the team went above and beyond their normal requirements wehave seen our relationships strengthen across all dimensions.
I am proud to inform you our shareholders that despite these unprecedentedchallenges Sintercom has been able to further expand its client base and productportfolio during this past year by entering into the industrial goods segment for thefirst time. At Sintercom we strive for diversity in all areas including productscustomers industry sectors and market geographies. The entire management team is alignedand committed towards these goals as we continue to develop and make steady progress.
Our company also continues to strengthen its relations with its investor and technologypartner MIBA Sinter Austria. MIBA's recent investment in our company during the yearfurther demonstrates its strong commitment to Sintercom and the potential they see in theIndian and global markets. We look forward to further leverage the experience andexpertise of MIBA Sinter to introduce new state of the art technologies to Sintercom as wetarget more new business opportunities together. We will continue to work together aspartners to further develop our global strategy to identify and target incremental valuecreation opportunities.
Sintercom continues to make progress on the environmental front. We recentlycommissioned a solar power plant to reduce our carbon emission footprint and will continueto increase our application of renewable energy sources in our operations.
The level of excitement in the auto industry continues to grow globally about theadoption of electric and other alternate powertrains for future mobility applications.Western markets are leading this initiative but as the industry evolves in this directionglobally we can expect to see these developments in India as well in the coming years.Recent incentives announced by the Indian Government are likely to accelerate thisjourney. We have clear strategies in place to remain well engaged with all future mobilitymanufacturers to support their increasingly complex requirements with our leading edgeproduct and technology offerings.
We at Sintercom truly appreciate the support we have received from all our valuedstakeholders. We are also fortunate to have the wealth of experience and strategicguidance provided by our Board members to support Sintercom through this challenging phaseas we continue to deploy word class levels of Governance practices at our company.
We remain committed to engage with all our stakeholders to create superior value as weproceed on a very exciting journey together!
|My best wishes to everyone to remain safe and healthy |
|Hari Nair |