Dear Esteemed Shareholders,
As we gather to reflect on the past year, I extend my heartfelt thanks
for your steadfast support and for being an integral part of this incredible journey
together.
Our industry just like many others is undergoing rapid technological
advancements and innovations. The dynamic landscape of digitalisation and AI presents both
challenges and opportunities, urging us to adapt and evolve. Our commitment to remaining
future-ready and customer-centric is unwavering, reflecting our 136-year-old legacy of
dedication to excellence and innovation. I am thrilled to unveil our strategic roadmap,
anchored in visionary leadership, digital optimisation, process enhancement and people
empowerment.
We are leading the charge in our industry by embracing technology
throughout our operations in this digital age. Our "Digital First" approach
includes comprehensive training initiatives to empower our workforce to effectively
leverage digital tools and platforms.
The transformational growth at KBL has been catalysed by
well-thought-out and executed strategic actions. Aligning our resources and capabilities
has fostered innovation and organisational agility, enabling us to capitalise on emerging
opportunities. This distinction sets us apart from our competitors. We take great pride in
our long-standing relationships with marquee clients and our global partnerships, which
have been instrumental in shaping our success. I am confident that our transformative
efforts will not only sustain a brighter future for our company but also play a crucial
role in building a more prosperous nation.
We are leading the charge in our industry by embracing technology
throughout our operations in this digital age. Our "Digital First" approach
includes comprehensive training initiatives to empower our workforce to effectively
leverage digital tools and platforms.
Nation-building is intertwined with preserving heritage, ensuring that
the legacy of our past enriches the fabric of our future. KBL is deeply honoured to be
associated with the construction of Shri Ram Mandir in Ayodhya – a project that
resonates deeply with the nation's spirit. We supplied over 100 pumps to the majestic
Ram Mandir reaffirming our dedication to providing efficient water management systems and
firefighting pumps to ensure the safety of the temple and its devotees.
India's nuclear industry is a significant component of its broader
energy strategy, aiming to increase nuclear power output as part of its commitment to
clean energy and to meet the rising energy demands of its rapidly growing economy.
We are strategically positioned to contribute significantly to this
sector. KBL's expertise in advanced pump technology, coupled with its robust
experience in engineering and manufacturing high-efficiency pumps, makes it an ideal
partner for the nuclear industry.
The robust demand for our pumps, driven by the government's focus
on agriculture, water and the oil & gas sector, has fuelled our profitability. We have
enhanced our financial performance by strategically diversifying our business mix through
international operations. By maintaining stable commodity prices and adjusting our pricing
strategies, while increasing the proportion of high-margin and reliable service
businesses, we have achieved sustained growth and success.
We aim to bolster our presence in the retail sector by introducing
energy-efficient pumps as a cornerstone of our green energy product line.
Our Environmental, Social and Governance (ESG) framework, aligned with
the UN Sustainable Development Goals (UNSDGs), guides our strategy as we work with
stakeholders to support sustainability. By adopting circular practices and reducing our
environmental impact, we uphold our responsibility to protect the planet. We aim to create
a workplace culture that encourages personal growth, inclusion and diversity, aspiring to
be the best place to work for those who share our values and passion.
As we look ahead, our vision serves as a guiding light, inspiring us to
reach new heights of excellence, while our mission grounds us in our commitment to serve
our customers, employees and communities with integrity and dedication. Together, we will
navigate challenges, seize opportunities and create a lasting impact, ensuring our
continued success and prosperity on this transformational journey.
| Sincerely, |
| Sanjay Kirloskar |
| Chairman and Managing Director |
| Kirloskar Brothers Limited |