Dear Shareholders,
I hope you all and your family members are healthy and safe.
As we reflect on the past year, it is with a sense of achievement and gratitude that I
address you through our 15 th Annual Report. This year has been one of both
challenges and opportunities and I am proud to share the strides we have made as we
continue to build on our legacy in the fan industry.
Financial Year 2023-24 marked a transformational year for "Wonder",
characterized by significant progress in our journey towards reimagining the future and
enhancing the experiences of our expanding consumer base. I am pleased to share with you
this period of growth which marks a new chapter in the Company's evolution as we prepare
for future success.
Your Company has recorded total revenue of Rs. 569.99 cr. in FY 2023-24 as compared to
Rs. 402.51 cr. in FY 2022-23 and booked profit (PBT) Rs. 14.52 cr. in FY 2023-24 as
compared to Rs.8.89 (PBT) cr. in FY 2022-23.
During the Year, your company has added one more plant at Sidcul Haridwar, Uttarakhand,
which is acquired through slump sale.
Wonder has expanded its manufacturing footprint to meet escalating demand, enhancing
production capacity and agility while upholding stringent quality standards to maintain
our reputation for reliability and excellence. Our robust New Product Development (NPD)
process drives continuous innovation, enabling us to swiftly respond to market needs with
timely launches.
Performance Highlights
This year, Wonder Electricals has navigated through a dynamic market landscape with
resilience and strategic foresight. Our key achievements include:
• Product Innovation: We have launched several new fan models incorporating
advanced technology and design improvements. These innovations not only enhance
performance but also align with our commitment to energy efficiency and sustainability.
• Market Penetration: Our efforts to expand into new regions and segments have
yielded promising results. We have strengthened our presence in the market.
• Operational Excellence: We have optimized our manufacturing processes, improved
supply chain efficiencies, and implemented state-of-the-art technologies to increase
productivity and reduce costs
Strategic Initiatives
Looking ahead, our strategic focus will be on:
Driving Innovation: We will continue to invest in research and development to lead
in fan technology and address emerging consumer needs. Our goal is to set new benchmarks
for performance and design in the industry.
Enhancing Customer Experience: Understanding and upcoming upto our customers'
expectations are paramount. We will enhance our customer service and support systems to
provide exceptional experiences and foster long- term relationships.
I am pleased to let you know that the Board of Directors has recommended a final
dividend of Rs.1/- per equity share of face value 10/- and Board of Directors has already
paid interim Dividend of Rs.1/- per equity share of face value 10/- for the FY 2023-24.
I would like to express my heartfelt appreciation to our dedicated employees, whose
hard work and innovation drive our success. To our customers and partners, your trust and
support have been invaluable. And to our shareholders, your confidence in our vision and
strategy is deeply appreciated.
I am optimistic about the future and confident in our ability to continue achieving
excellence. Wonder Electricals is well-positioned to embrace new opportunities and tackle
future challenges, and I look forward to sharing our continued progress with you.
Thank you for your ongoing support.
Harsh Kumar Anand Chairman