Dear Shareholders,
As Chairperson of the board of directors and in personal capacity, I am
extremely delighted to deliver my first address to the shareholders after our listing in
December 2021. The ceremonial bell which rang during our listing ceremony on 27th
December 2021 was indeed a confirmation of our resolute to expand our capabilities and
ensure growth. Let me begin by sharing how this journey started. My husband Mr Haresh
Motwani, used to often travel abroad. During one of his trips, a customer wanted solvent
cement, a product not known to many in India those days. Haresh and I had no previous
exposure to the chemical industry. But as destiny would have it, a friend promised to
provide the knowhow to manufacture the same. We started in a 300 sq. ft garage, and today
we manufacture out of a large manufacturing facility spread over 40,000+ sq. ft. of built
up area in Khopoli and adding more than the equivalent area which is nearing completion.
We started with 3 employees and today have close to 400 employees. We manufactured 400
litres per month initially but now with several lakh litres of monthly production, I
believe these achievements are outcomes of sticking to our strategies and relentlessly
persuing our plans as well as the support we received. Our family stood by us while
persuing our dreams. Our employees shared our values and vision and delivered results,
vendors and suppliers helped us to co-create value, and last but not least our customers
accepted our products. We would continue to be customer-centric by supplying consistent
high-quality products and fairness & integrity will continue to be embedded in all our
business functions. Our values to be transparent with stakeholders and our mission to give
quality products to our customers are the key ingredients for sustaining our growth. Going
ahead, I am very positive about the endless opportunities that we can tap due to the
capabilities that we are developing and the business model we are perusing, I take this
opportunity to thank our investors, customers, employees, banks and regulatory bodies for
their support and guidance.
We would keep updating you on all our operational initiatives and
outcomes – stay connected. Regards
Anjana Motwani
Chairperson and Executive Director