Dear Valued Shareholders,
Today, India stands at a pivotal moment, poised to remain the
fastest-growing major economy over the next two years, driven by innovation and inclusive
growth. For the past 63 years, Cummins has been unwavering in its commitment to shaping a
more powerful and progressive India. Last year marked a significant leap forward in that
direction.
I am incredibly proud of POWERING PROGRESS TOGETHER during FY
2024-2025. Driven by strong market demand, your Company delivered record revenues and
sustained profitability for the fourth consecutive year. Last year, we continued to
advance our Destination Zero™ strategy, addressing key challenges in India's
energy transition journey. In our pursuit of innovation, we consistently unlocked
newer and better ways to power essential industries that impact our economy –
solutions that are not only viable and smarter, but also better for the environment and
the communities we serve. Our diverse, best-in-class product portfolio continued to lead
the way for our customers, no matter where they were on their own sustainability journey.
This impact and excellence were driven by our dependable team, where
every employee played a critical role. By staying committed to Diversity, Equity,
Inclusion, and Culture (DEIC), we focused on creating a talent ecosystem that is
future-ready and a thriving workplace where employees can reach their full potential. Our
aim was to ensure that everyone feels genuinely connected to our purpose and to one
another, ensuring no one is left behind.
With past successes in view and ambitious goals ahead, our purpose
remains clear and the people leading and partnering with us remain fundamental to our
success. My sincere appreciation goes to our employees for their hard work and dedication.
And to our shareholders, thank you for your continued confidence in Cummins. I deeply
appreciate your partnership in powering a more prosperous world.
Cummins is evolving with a changing world and industry. Rapid shifts in
the global power landscape - driven by increasing demand, decarbonization, and geopolitics
– necessitate our agility. With breakthrough products, pushing the boundaries of our
manufacturing capabilities, exceptional service, a workplace that puts people first and a
company that puts the planet first, we are ready for this new era. We stand strong,
prepared to lead the energy transition and build the
‘Cummins of the future' through bold choices.
| Thank you, |
| Jennifer Mary Bush |