Dear shareholders,
It is a matter of great pleasure for me to present to you this Annual
Report for the Financial Year 2023-2024. As we reflect on the past year, we recognize that
it was your continued support that enabled us to navigate through uncertain times and
emerge stronger than ever. We are truly grateful for your contributions in shaping the
trajectory of Anuroop Packaging Limited.
In recent years, there has been a significant shift in consumer
preferences towards eco-friendly and sustainable products. This trend has extended to the
packaging industry, where traditional materials like plastic are being replaced by more
environmentally friendly alternatives. India, with its growing economy and increasing
environmental awareness, is at the forefront of this change, witnessing a surge in demand
for eco-friendly packaging solutions. Anuroop Packaging has been a torchbearer for
eco-friendly packaging solutions. We have tirelessly worked towards reducing our carbon
footprint and have embraced recyclable and sustainable materials with open arms. Our
commitment to the environment is not just a business strategy; it's a moral
obligation.
The performance in this fiscal year marked the Company's revenues which
surged to a hike in revenue by Rs. 6,05,65,121. The profit aftertax of the Company is Rs.
4,09,60,723. These figures affirm the resilience of our business model and our ability to
achieve proportionately higher bottom-line growth for every increase in revenue.
The demand for corrugated packaging is growing at a rapid pace due to
the growth of the e-commerce and retail sectors. The country's huge population and a
burgeoning economy are creating a growing demand for packaging, and corrugated boxes are
the perfect solution for many businesses.
Looking forward, the company is acutely aware of the challenges and
opportunities that lie ahead but by strategizing; diversifying revenue streams,
implementing effective marketing and sales strategies, building a strong company culture,
embracingtechnology and innovation, networking and seeking mentorship, can help us
overcome these challenges in the ever-changing business world, which we are thriving at.
The Company's semi-automatic plant situated in Wada, Maharashtra is
renowned for its efficiency, resulting in modest resource usage, extended operational
uptime and exceptional output quality. The Company is working towards its goal to convert
the semi-automatic plant to a fully automatic plant in the coming years leading the
business to expansion, growth and diversification. As we look ahead, optimism abounds. The
on-going expansion will solidify our position, validating our ability to serve diverse
customer profiles with an array of products.
Through Strategic diversification, enhanced offerings, and the
development of allied services, we are well-positioned to meet the evolving needs of the
industry and drive sustainable growth. We remain committed to delivering excellence and
exceeding the expectations of our valued clients.
In closing, I invite you to join us on this transformative journey of
redefining possibilities, reimagining potential, and reinventing outcomes. Exciting times
lie ahead for APL, and we eagerly anticipate your continued presence as witnesses to our
evolution.
- Akash Amarnath Sharma Chairman & Managing Director