Dear Stakeholders
Greetings from Cerebra. I do believe that you and your families are
safe. It is always a pleasure to communicate you all and hopefully we all should meet
soon.
Your Company has done very well with the turnover and the profit coming
back to pre-covid levels. For information your Company has achieved a turnover of Rs.
235.87 Crores with an EBITDA of Rs. 47.15 Crore.
Your Company has been successful in building a brand for refurbished
computers and also has been recognised as a e-waste recycler of repute across the country.
We have all the quality certifications as a e-waste recycler and also have been able to
bag a huge list of large customers of which some of them are in the fortune 500 list.
Due to this our future is looking very bright and am sure we will do
well in the coming years. Our third unit is ready and in operation. We have approached the
KIADB to give us an absolute sale deed since we have finished 50% of the construction.
Needless to add, land forming part of the assets of the Company will add significant
value.
This Industry being capital intensive, we have approached the banks and
also are working with a few large investors for working capital and also to set up two
more plants one in the West near Mumbai and one in the North of India near Delhi. We also
have to set up the precious metal refinery soon.
Our employee strength is also growing and we will be adding a few
experienced leaders in the coming quarters to take your Company to greater heights. Mr.
Ravi Neeladri our CEO for the E-Waste division is working very hard to ensure that.
Our sincere thanks to the Government of Karnataka and Government of
India for all their support and our sincere thanks to the Banks, Employees for their
unstinted support without which we will not be where we are today.
Looking forward to meeting you all soon.
With Warm Regards,
V Ranganathan
Managing Director
DIN:01247305