Dear Shareholders,
Greetings!
I am pleased to present to you the Annual Report for the Financial Year 2023-24. This
year has been one of remarkable progress and transformation for GP Petroleums. I extend my
heartfelt gratitude to all those who have been a part of the GP Petroleums family
throughout this journey. Our dedicated employees, valued customers, channel partners,
vendors, and stakeholders have been instrumental in our success, and I deeply appreciate
their unwavering support and commitment.
In the face of ongoing global economic challenges, we have not only navigated through
uncertainties but also capitalized on new opportunities. Our strategic initiatives have
led to significant achievements, and we are proud of the milestones we have reached this
year.
Together, we will continue to build on our legacy and strive for excellence in
everything we do
As we look to the future, our confidence in continued growth and success is stronger
than ever. We have an exceptional team, a clear vision, and an unwavering commitment to
excellence. These attributes position us well to meet the evolving needs of our customers
and to excel in an increasingly competitive market.
Our team remains dedicated to our mission of delivering high-quality products and
services. We continually seek innovative ways to enhance the customer experience, ensuring
that we remain a trusted partner. Our clear vision provides a solid roadmap for the
future, and our relentless pursuit of excellence drives us to achieve our goals.
Since its establishment in 1973, IPOL has stood as a testament to the seamless
integration of local and global perspectives. This year, we have intensified our focus on
sustainability and innovation, recognizing their critical roles in our long-term success.
Our commitment to environmentally responsible practices has been further strengthened, and
we have implemented several initiatives to reduce our environmental footprint.
We have invested significantly in Technology, Research, and Development, which are
pivotal in achieving our future objectives, including enhancing resilience and
sustainability. These investments are not just about meeting current demands but also
about preparing for future challenges and opportunities. By leveraging advanced
technologies and fostering a culture of innovation, we are well-equipped to lead the
industry in sustainable practices.
As we move forward, we are excited about the possibilities that lie ahead. We are
committed to driving positive change and creating lasting value for all our stakeholders.
Together, we will continue to build on our legacy and strive for excellence in everything
we do.
(Translation: May all be happy, may all be free from illness. May all see what is
auspicious, may no one suffer.)
Our "WE CARE" Corporate Social Responsibility (CSR) platform is committed to
giving back to our communities. Under this program, the Company has donated advanced
medical equipment, including an Optical Coherence Tomography (OCT) machine, ophthalmoscope
instruments with lenses, a slit lamp digital imaging system, and an ophthalmic refraction
unit to a charitable hospital. This equipment facilitates early intervention, potentially
preventing the progression of diseases and improving healthcare outcomes. Additionally, we
distributed safety jackets to promote road safety awareness and to individuals and
communities from differently privileged sections of society, enhancing their well-being
and comfort. We also provided battery lights to students in underserved areas to help them
study after dark, improving academic performance and educational attainment. Our
distribution of water wheels to tribal families has significantly enhanced their access to
clean water. We partnered with orphanages to support the education of girl children,
aiming for women's empowerment and social impact. Our eye-checkup camps provided quality
healthcare services to rural areas. Collectively, these CSR initiatives impacted
approximately 80,000 individuals, significantly contributing to their well-being and
societal advancement.
Finally, on behalf of the Board, I extend my heartfelt thanks to all our shareholders,
stakeholders, business partners, and the Central and State Governments, as well as the
Regulatory Authorities and others, for their cooperation, continued support, and trust in
GP Petroleums. Your faith in our Company is the bedrock of our ongoing success and growth.
I also express my deepest appreciation to every employee of GP Petroleums for their
unwavering support and dedication. Your commitment to our core values, demonstrated
through your sincerity, hard work, determination, and loyalty, has been truly inspiring. I
look forward to your continued reliance, assurance, and support as we navigate the
exciting opportunities and challenges that lie ahead.
Once again, I convey my profound gratitude to each of you for your enduring trust and
confidence in GP Petroleums.
Warm Regards,
Ayush Goel
Chairman