Dear Stakeholders,
I'm delighted to present Shree Ganesh Remedies Limited's Annual Report
for the ?scal year 2023-24, titled ‘Expanding Horizons.' This year's theme
re?ects the signi?cant strides we've made in solidifying our position as a leading
building block chemical manufacturer and as a CDMO.
Performance:
We are proud to report a remarkable achievement – a revenue
increase of over 37% from ?913.57 million in FY 2022-23 to ?1.25 billion this year. This
robust performance is a testament to our unwavering commitment to continuous improvement
and the collective effort of our dedicated team.
Prospects:
This year, we didn't just focus on performance; we invested
strategically to expand our capabilities - to expand horizons. We signi?cantly expanded
our research and production capabilities, allowing us to develop and offer a wider range
of innovative products. Additionally, we've completed and commissioned our all new
manufacturing block in the recently acquired plant, opening doors for exciting
collaborations with stakeholders and contract partners.
913.57 MM to 1.25 Bn
37.80%
Revenue Expansion
Plan:
Looking ahead, we are fueled by a well-de?ned plan to leverage
these advancements. We aim to utilize our enhanced research capabilities to develop
differentiable solutions and explore new market opportunities. Our expanded production
capacity will allow us to meet the growing demand for our products further strengthening
our partnerships within the industry.
" Our team is full of energy as we look ahead of 2024. I am
convinced that now is the time for us to set the course for future success.
In conclusion, FY 2023-24 has been a year of remarkable growth
at Shree Ganesh Remedies. With a focus on ‘Expanding Horizons', we have laid the
foundation for an even brighter future. We are con?dent that our commitment to innovation,
collaboration, and operational excellence will propel us to even greater heights in the
years to come.
Thank you for your continued support.
Jay Hind, Jay Bharat!
Sincerely,
Chandu Kothia Chairman, Shree Ganesh Remedies Limited