Dear Shareholders,
As we come to the end of a remarkable year, I am pleased to reflect
journey and its significant Throughout the year, we have remained steadfast in our
commitment to innovation, excellence, sustainability, driving growth and creating value
for all our stakeholders.
Following the successful Initial Public Offering (IPO) and subsequent
listing on the Bombay Stock Exchange and National Stock Exchange on July 10, 2023,
Cyient DLM has continued to demonstrate resilience and adaptability in
the face of dynamic market conditions. Despite the challenges posed by the global
landscape, we have leveraged our expertise in design-led manufacturing to deliver
exceptional solutions to our clients across industries. Our relentless focus on quality,
efficiency, and customer satisfaction has reinforced our position as a trusted partner for
complex engineering and manufacturing requirements.
One of the hallmarks of our success this year has been our ability to
combine our existing design capabilities proficiency with ourworldclassmanufacturing
combination was the key contribution to providing a significant and enabled the successful
completion of key strategic partnerships with two aerospace & defence industry
leaders. The diligent focus on expanding operational facilities enabled the capacity to
meet the increasing customer demands.
Looking ahead, we are well-positioned to capitalize on emerging
opportunities and navigate potential challenges with agility and foresight. Our strategic
initiatives aimed diversification,innovation, and operational excellence will drive
sustained growth and profitability in the years to come. By harnessing the power of
technology, collaboration, and talent, we will continue to push the boundaries of
possibility and create value for our stakeholders.
Over the past year, our unwavering dedication to our core values of
Fairness, Integrity, Respect, Sincerity, and Transparency (FIRST) has consistently guided
every facet of our operations. These principles are the bedrock of the trust we cultivate
with our customers, partners, and among ourselves. Alongside our FIRST Values, our robust
corporate governance ethos underscores our commitment to ethical practices, ensuring we
deliver value in all interactions with a broad spectrum of stakeholders, including
associates, customers, vendors, regulators, and shareholders.
Also, our AGILE culture has been a driving force in enabling our
associates to reach their full potential. By fostering an environment that encourages a
growth mindset, we have seen our teams not only achieve their ambitions but also exceed
them. This culture of agility and adaptability has empowered our associates to lead
by example, create an inclusive and supportive environment, and make significant, positive
changes within the organization and the communities we serve.
Furthermore, we've made significant strides in reducing our
environmental footprint through innovative initiatives and partnerships. Increased
utilization of renewable energy across our facilities and a focus on sustainable sourcing
have bolstered both our supply chain resilience and community well-being. Our social
impact initiatives have thrived and made a tangible difference with a variety of community
outreach programs through the Cyient Foundation. Initiatives such as empowering rural
women and fostering innovation and entrepreneurship underscore our commitment to creating
a more equitable and inclusive society.
As we progress into FY25, we look forward to continuing this journey of
growth, embracing new opportunities, and driving forward with the same passion and
commitment that defines our company. Together, we are building a future where everyone
feels valued, respected, and empowered to thrive.
As we conclude this fiscal year, let us reaffirm our commitment to
operational excellence, integrity, and flexibility to meet our clients' unique needs.
Sincerely.
| Krishna Bodanapu |
| Chairman, Cyient DLM |