It is my previlege to present the Annual Report of your company post listing and I am
extremely honoured as I write my first letter to our valued shareholders.
The transformation in economic & business environment is bound to change the way we
operate and create wealth for our shareholders Holdings on to our strengths & building
new ones our team of employees is resolutely focused on achieving our immediate target of
achieving scale with speed.
This is a historic moment for your company to move to the next level of sustained
performance by converting the potential opportunities into success stories. Therefore your
company has embarked on a transformational journey of "Creating Evans of Tomorrow".
With this objective of enhancing responsiveness to emerging opportunities, building new
levels of robustness & laying foundation for a sustainably rising Evans.
Initiatives taken in the recent past have resulted in significant progress in enhancing
profitability & productivity, reinforcing our leadership in our area of operations
The true growth of any organization is seen in the growth of its employees, customers,
business partners and shareholders. on the highway to success we have always up held on
commitment to the society, environment & good governance.
Challenges inspire us. Challenges lead us to develop new ideas. New ideas result in
path breaking technologies, products & services.
Our passion for excellence excites us. It gives rise to new ideas. It creates new
partnerships, opens new opportunities. We are on the path of high growth supported by
extremely encouraging future business prospects.
We are fully geared to take on new challenges and continue to excel in all spheres.
While the optimistic outlook is encouraging it is also important to identity what areas
are fuelling growth today-If India is to raise annual growth to over to 8% there is no
denying that it is the manufacturing sector that will be the driver of India's economic
growth which needs to move up to double digits.
All these developments & plans promise exciting times at Evans & I am sure that
we will build further on our past accomplishments & scale new heights in the years
ahead.
India is the fastest growing major economy in the world. It is envisaged to emerge as a
US $ 5 trillion economy by 2025 & US $ 10 trillion by 2030 supported by demographic
dividend, technology developments & economic reforms. This catapults' to homogenous
demand & opportunities in our area of operations.
Our track record of delivery has been achieved within a framework of strong financial
discipline focusing on operational expansion to a continuous focus on high levels of cash
generation
All these developments & plans promise exciting times at Evans & I am sure that
we will build further on our past accomplishments & scale new heights in the years
ahead.
All our employees have proven it time and again that they can achieve their goals with
such a strong foundation there is no doubt that our company is entering a new phase of
growth one with optimism& the will to succeed
Aspirations in our journey cannot be achieved without acknowledging dedicated &
committed efforts of each and every member of Evans family. I would like to express
sincere thanks & gratitude to our esteemed customers & other business partners for
continued confidence in us. Our employees for their passion & perseverance, members of
the Board for their guidance & you our shareholders for support & trust in the
company. Today with a proven track record of 68 years the organisation has grown and still
remains India's leading & most reputed name in Electric Rewinds, Redesigns &
Repairs.
Ivor D'souza Chairman.