Dear Shareholders,
Greetings from Pricol.
As I reflect on the year gone by,
I am filled with both pride and purpose. As we continue our evolution into a
future-facing, innovation-led organisation, our theme for this year 'Wired for the Road
Ahead' captures both where we are and where we're headed. It reflects our increasing
emphasis on electronics and intelligent systems, our readiness to adapt to fast-changing
mobility trends, and our commitment to long-term value creation. It signals our ability to
navigate change with clarity, agility, and intent backed by strong fundamentals and a
forward looking mindset.
At Pricol, our ambition has always been to deliver meaningful innovation. This year, we
made significant strides toward that goal. We scaled up investments in new products
development that are central to the future of mobility. We focused on creating plat
form-ready solutions for EVs and ICE vehicles alike , and strengthened our relationships
with OEMs while enhancing our product capabilities across existing markets. These moves
reflect our fundamental belief that long-term value creation comes through continuous
evolution?transforming from component manufacturer to technology-led partner in our
customers' success.
We closed FY25 with solid full- year growth in both revenue and profitability. While
the final quarter posed challenges - ranging from geopolitical headwinds to uncertainty
surrounding global trade tariffs - we have already initiated corrective actions. We remain
steadfast in our commitment to sustainable value creation that serves all our stakeholders
- our people, customers, communities , and shareholders alike.
Our roadmap is clear. We will continue investing in innovation, modernising our
manufacturing capabilities, and unlocking efficiencies across the value chain. In
parallel, we will deepen our ESG initiatives?from energy transition and waste reduction
to afforestation and community upliftment. These initiatives reflect our core belief that
business success and societal progress are inseparable ? they are fundamental to who we
are as an organisation.
At Pricol, we believe that true leadership lies not just in adapting to change, but in
anticipating it and helping shape the future of our industry. This philosophy guides every
decision we make and every relationship we build.
The broader context of our industry is also evolving rapidly. Vehicle intelligence ,
sustainability, and digitalisation are no longer concepts of the future-they are strategic
imperatives. As India rises as a hub for automotive innovation and global supply chain
realignment, Pricol is well positioned to play a leadership role in shaping what's next.
As always, our progress is rooted in the strength of our people, the trust of our
customers, the support of our partners, and your steadfast belief in our journey. I thank
you for standing with us, and I look forward to building an even more exciting future
together.
We remain steadfast in our commitment to sustainable value creation that serves all our
stakeholders
Best wishes,
Vanitha Mohan
Chaiman