Dear Shareholders,
We are growing. With strong fundamentals, solid financial discipline & greater
customer focus we have become a much stronger force in the market place
Last year, we took significant steps into the urban market (Plumbing & Sanitation),
while simultaneously strengthening our reputation in the agricultural sector. With a
strong belief in our capabilities, a strengthened talent force, and focused initiatives to
build our brand, I am confident that we will turn these steps into great strides going
forward. All the plans we have put in place, each and every person on our team, every
decision taken so far, the backward and forward integration, the customer centric moves -
everything now puts us on the cusp of the next big shift in our collective fortunes. Yes,
collective. As our beloved founder, Late Shri Pralhad Chhabria kept reminding us - we can
move forward, only if we carry each and every member of our large, extended Parivaar
forward along with us, to progress & prosper. This is exactly the theme for this
year's Annual Report - 'Universal language of prosperity'. Wherever they may live in
India, whatever their language, Indians have the same word for reliability - Finolex.
Which translates into prosperity for each of them.
This is not just true for the present, but also our vision for the future. We have put
plans and systems in place to ensure that we are a household name & we earn the
confidence of people across the length and breadth of our great country. This year's
annual report speaks of this, but in the language of growing numbers.
For us, prosperity goes beyond these numbers. It includes our contribution towards
supporting the underprivileged & creating social well-being. It is a combination of
dignity, respect, joy, abundance, good health, and everything else that contributes to the
mental, physical, emotional and spiritual well-being of an individual, family, community
and their environment.
This is only possible when we take personal accountability for the success and
prosperity of our customers by relentlessly pushing for quality in order to ably support
their dreams and ambitions. This happens when we push for prosperity amongst our family of
channel partners & are fair with vendors, suppliers, agencies, employees &
associates. When one of our stakeholders moves ahead in life, we can then honestly claim
progress for ourselves.
Warm Regards,
Prakash Pralhad Chhabria
Executive Chairman