As we move into FY26, we do so with expanded capacity, enhanced
capabilities and deepened market relationships. Our diversified portfolio provides
resilience, while our focus on emerging technologies ensures relevance. We remain
committed to growing responsibly, competing effectively, and delivering sustainable value
for all our stakeholders.
Dear Shareholders,
As I refiect on FY25, I am struck not just by what CG Power and
Industrial Solutions Limited has achieved, but by how purposefully we have positioned the
Company for the transformative decade ahead. This has been a year where disciplined
execution has combined with strategic boldness to strengthen both our present performance
and future readiness.
The Company's financial performance tells a compelling story, with
the consolidated revenue growing by more than 23% to Rs. 9,909 crores, demonstrating the
strength of our diversified portfolio and the increasing relevance of our solutions across
critical infrastructure sectors. More importantly, this growth refiects our ability to
capture opportunities across the entire power value chain, from motors and drives to
transformers and railway systems, while maintaining operational discipline and quality
standards.
This year, CG made decisive moves to expand its manufacturing
capabilities, committing Rs. 712 crores toward a major greenfield transformer facility of
45,000 MVA to increase total capacity to 85,000 MVA by 2028. This investment recognises a
fundamental shift occurring in India's power landscape i.e. the accelerating demand for
grid modernisation, renewable energy integration and industrial electrification. The
Company is not simply responding to current demand; it is anticipating the infrastructure
needs of a rapidly industrialising nation.
Equally significant is our strategic entry into the field of
semiconductor design through the establishment of Axiro Semiconductor Private Ltd through
the acquisition of Renesas Electronics' Radio Frequency
Components business. This move aligns with India's ambitions of being a
"Chip Maker rather than a Chip Taker" to build a robust semiconductor ecosystem
while diversifying CG's technological capabilities into high-value domains.
The Company's acquisition of a 55.60% stake in G.G. Tronics India
Private Limited strengthens its position in railway safety systems, particularly the
indigenous 'KAVACH' automatic train protection system. As Indian Railways accelerates its
modernisation and safety initiatives with substantial budget allocations, CG is uniquely
positioned to contribute to this national priority while capturing significant value.
These strategic and diverse moves: semiconductor design, railway safety
systems and expanded manufacturing capacity are sign of the Company's commitment to
participating in the sectors that will define India's industrial future: digitalisation,
transportation infrastructure and energy.
Beyond growth, CG has embedded operational discipline throughout the
organisation. The focus on Industry 4.0 initiatives, digital transformation and lean
manufacturing has not only improved efficiency but has also enhanced our responsiveness to
customer needs. Our ESG journey has gained meaningful momentum, with multiple facilities
achieving certifications for zero waste to landfill, single-use plastic elimination and
zero liquid discharge. These achievements refiect an understanding that sustainable
operations are both responsible business practices and essential for long-term
competitiveness.
We are witnessing India's emergence as a preferred destination for
global manufacturing, driven by supply chain diversification, infrastructure investments
and policy support through initiatives like Make in India and the National Infrastructure
Pipeline. Our comprehensive presence across power transmission, industrial automation and
transportation systems positions us to benefit from multiple growth vectors
simultaneously. The convergence of renewable energy expansion, grid modernisation and
industrial automation creates unprecedented opportunities for companies with the right
capabilities and scale. These capabilities have been systematically built over the recent
years and are now generating tangible results.
As we move into FY26, we do so with expanded capacity, enhanced
capabilities and deepened market relationships. Our diversified portfolio provides
resilience, while our focus on emerging technologies ensures relevance. The investments we
have made in people, processes and infrastructure position us to capitalise on India's
continued industrial expansion while contributing meaningfully to critical national
objectives.
I want to express my appreciation to Mr. Amar Kaul and our entire
leadership team for their strategic vision and fiawless execution. The results achieved
this year refiect their commitment to building enduring value through innovation, quality
and customer-centricity.
To our shareholders, I offer my gratitude for your continued confidence
in our journey. The foundation we have built, the momentum we have generated, and the
opportunities ahead give me great optimism about our role in shaping India's industrial
future.
We remain committed to growing responsibly, competing effectively, and
delivering sustainable value for all our stakeholders.
Warm regards,
Vellayan Subbiah
Chairman