Sandhar achieved a substantial revenue growth in 2022-23 and expects this momentum to
continue in the coming years. With the completion of new projects and commencement of
commercial production, along with the various initiatives for cost control and savings,
the company expects to see improvement in the consolidated margins. Our company is on the
path of enormous boom and we hope to move forward, even more aggressively, to
‘Growth, Motivation and Better life'.
In line with our commitment to innovation, several new projects have seen the
commencement of mass production. Our sheet metal plants in Nalagarh, Halol, and Attibele
are operational, while production has also started in machining for casting projects at
Mysore and Hosur locations. These high-value-add projects, although initially incurring
development and commissioning costs, hold the promise of elevated margins.
In the realm of electric vehicles, we have made significant strides. Three product
lines, including DC-DC converters (isolated and non-isolated), EV chargers, and motor
controllers, are in advanced stages of development, with approvals and validations
underway. Notably, we have established Sandhar Auto Electric Solutions Private Limited to
further our presence in the EV sector, with plans for trial runs in the fourth quarter of
this financial year and technical collaborations already in progress.
Moving forward, our strategic focus remains centred on reducing debt, enhancing
operational efficiency, cost reduction, prudent control of new capital expenditures, and
maximizing the utilization of existing capital investments. This commitment underscores
our dedication to continued growth and sustainability.
Our responsibility extends not solely to our stakeholders but also to the planet we
cohabit. Sandhar Technologies remains resolute in embedding sustainable practices
throughout our value chain, starting from raw material sourcing and culminating in the
delivery of end products. Our commitment goes beyond regulations, embodying a proactive
stance in minimising our ecological footprint while maximising positive societal
contributions.
Sandhar is firmly poised and committed to its mission and a vision of diversification
of product portfolio, expanding the customer base and increasing content per vehicle.
I sincerely thank all our stakeholders across our value chain for their dedication,
trust and confidence in Sandhar Technologies Limited.
Thank you for your continued support.
D. N. Davar
Chairman