Dear Shareholders,
It is with great pride and pleasure we present this Annual Report to all of you. It's
time to celebrate the years of success of your Company, and the last few years especially,
which have taken the business to a whole new level of market presence and performance. The
revenues and market capitalization of your Company is at an all-time high and has become
the benchmark for the industry.
As shareholders, we have always counted on your valued support which led to this joint
success for DISA India Limited (DIL).
We would like to share with you a few of the highlights of the last year.
Consolidation of the Tumkur manufacturing facility into a world-class manufacturing
hub:
One of the significant milestones we accomplished and presented to the market is the
transformation of the our Tumkur manufacturing site. The consolidated facility has become
a world-class production hub for Norican Group. It is a strategic move that has opened new
opportunities for DIL to serve global markets. By leveraging state-of-the-art technology
and a skilled local workforce, we have successfully ventured further into new
international markets, fostering lucrative opportunities for export, and expanding our
customer base. We are proud to say that DIL manufactured equipment today can be found in
more than 30 countries around the world, across Europe, North America, South America,
South Asia, CIS, and Middle East countries. This is no small achievement for our
operation, and we would like to thank the Norican Group team for their help and guidance
on this journey. The standard of quality of our equipment has improved significantly,
solidifying our position as a global leader in our industry.
Success in digitalizing foundries with Monitizer digital solutions:
In an era shaped by digital transformation, we recognized the need to innovate on
behalf of our customers and stay ahead of the curve. This year, we helped many customers
embark on their digitalization journeys by deploying Norican's revolutionary Monitizer
digital solutions across their foundries. Harnessing the power of cutting-edge technology,
we have delivered substantial improvements in operational efficiency, productivity and
resource utilization. The seamless integration of Monitizer into our customers' processes
has empowered them to make data-driven decisions, run advanced predictive maintenance
programs, and achieve higher production volumes. We have first-mover advantage in our
industry, offering an end-to-end solution designed for our customers' processes. It
powerfully demonstrates our commitment to bringing new technologies to the market and
embracing technological advancements for the benefit of our customers.
SBTi - CSR initiative: Greening our future, planting trees:
As a responsible corporate citizen, we firmly believe in looking after the environment
and the communities we operate in. This year, we made significant progress towards our
SBTi commitments (emissions reduction targets) and other Corporate Social Responsibility
(CSR) targets to promote sustainability in all its facets. For example, we initiated a
comprehensive tree planting drive, successfully planting the first thousand trees - to
help combat deforestation, restore biodiversity, and create a greener future. We are also
working on switching to renewable power for all our operations very soon. Our commitment
to environmental stewardship is deeply engrained in our values, and we remain dedicated to
supporting initiatives that promote a sustainable planet for generations to come.
Sowing the seeds for a strong export business in new regions:
We aspire to become a significant player in the exports markets and venture into new
countries to convert opportunities into real business. In the pipeline are exciting new
greenfield foundry projects in Qatar, Saudi Arabia, Uzbekistan, Turkey as well
opportunities to sell equipment to the US, Europe and Middle East, plus Africa, as a new
region of interest for the business.
DIL has been on a long and at times difficult journey over the last few years, which
include the pandemic years. Today, we have left the aftereffects of that challenging
period fully behind us and are looking at strong growth opportunities ahead. This, we owe
to all our dedicated and capable people, who have worked tirelessly to get us to this
point. The performance of DIL is their work and they can be very proud of it.
As always, DIL team would like to express thanks to all our valued clients, suppliers,
and other stakeholders for their unwavering support of our business.
We extend our sincere gratitude to the Norican Group management, who have been always
at DIL's side. Their guidance and encouragement has been invaluable.
We will continue to work harder, smarter and better to create value for our
shareholders.
Thank you once again for your support.
Sincerely,
| Lokesh Saxena |
Amar Nath Mohanty |
| Managing Director |
Chief Financial Officer |