Dear Stakeholders,
The past couple of years have been a period of intense action and reflection. We have
seen a global pandemic, geopolitical tensions, supply chain disruptions, the rise of
crypto currency and many other public and private upheavals. As the dust settles, and a
clearer picture of the world ahead emerges, I believe we are standing at the threshold of
a period of great opportunity and growth.
Based on our understanding of the economic activities, particularly related to our
business and our assumptions, the impact on our Company will be short-term. We have always
viewed challenges as opportunities and has successfully tackled these head-on with
resilience and determination. As we look inwards towards improving our operational
efficiencies that have a lasting impact, we also continue executing our strategy for
long-term growth. It is important to remember that, whenever dramatic changes or events
occur, the potential for new opportunities also open up and comes to all. Downturns
require individuals and business to rethink, retool and adapt, which often results in the
long-term in great efficiency.
In the face of widespread change, your company has shown remarkable resilience and
adaptability, coming out stronger than ever, after catastrophic events like the global
financial crisis or the pandemic. We delivered commendable results throughout a
challenging year. We’re ready to continue delivering strong results and to play a
role in rebuilding our communities and the economy. I take this opportunity to express my
gratitude towards our fellow Board members and the employees to lead the organization in
navigating the challenges successfully. The future looks promising, and we have a strong
base for a robust growth in the coming years. I believe that the journey will be rewarding
for all the stakeholders.
We have always viewed challenges as opportunities and has successfully tackled these
head-on with resilience and determination. As we look inwards towards improving our
operational efficiencies that have a lasting impact, we also continue executing our
strategy for long-term growth. It is important to remember that, whenever dramatic changes
or events occur, the potential for new opportunities also open up and comes to all.
Downturns require individuals and business to rethink, retool and adapt, which often
results in the long-term in great efficiency.
Before I conclude, I wish to thank all my fellow Board members, management team,
employees, customers, suppliers, regulatory authorities and our shareholders for their
unflinching guidance and continued support throughout the year.
I wish you and your dear ones safety and health,
With warm regards,
Ashish Patel
Chairman, CEO & Managing Director
May 27, 2022
Ahmedabad