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Dear Shareholders, |
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I am happy that your company continued to maintain
its growth stride by achieving a growth of 27.59% in F.Y. 2011-12. This has been another excellent year for the Company with strong performance across all dimensions. During F.Y. 2011-12, the Company registered a Net Turnover of Rs.530.23 Crores in comparison to Rs. 415.57 Crores in F.Y. 2010-11 and PAT of Rs. 21.14 Crores in Comparison to Rs. 11.43 during F.Y. 2010-11. |
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On macro economic front, the environment has remained volatile because of global and internal economic reasons. However, the Automobile Industry in India has been able to achieve a decent growth rate of 13.83% in production. On domestic sales front, the two-wheeler segment has registered a healthy growth of 14.16% in comparison to 4.66% in passenger vehicle segment, by which your company has also reaped rich benefits as two wheeler segment onstitutes a major part in the overall business of your Company. |
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With in-depth knowledge and long experience in the
industry and having state of the art manufacturing facilities, we are well placed to give best solutions to our customers. Innovations through strong Research & Development continue to be a focus area for the Company. With this objective in mind, we continue to invest in Research & Development, Designing capabilities and new technologies. I am pleased to inform that Govt. of India, Ministry of Science and Technology, Department of Science and Industrial Research has accorded Recognition to our 'In-house R&D Unit' situated at Plot No. 1915, Rai Industrial Estate, Phase-V, Distt. Sonepat - 131029 (Haryana). |
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I believe that global macro economic outlook may take
some time to recover and the Indian Govt. also needs to push reforms faster to give boost to overall economic environment. However, your management is confident to create ample growth opportunities in Auto Component Industry. Further, the Company has also ventured into Energy Saving Green Technology and developing LED Home Lighting, LED Solar Street Lighting, Multi-Functional Torches cum Flasher Lights, LED Solar Lanterns, LED Display panels for buses and trucks and LED display signal systems for Railways etc. to drive the growth of the Company in the next phase. |
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I want to commend the hard work and determination of
all employees of the Company for a creditable performance. I also gratefully acknowledge the confidence and faith reposed by you in the management of the Company and I look forward to your continued support in future as well. |
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Thanking You, |
Dr. J.K. JAIN |
Chairman & Managing Director |
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