It is my honour to interact with you as a Managing Director of the board of UNIVASTU
INDIA LTD and welcome you on the 10th Annual General Meeting of the company.
The foundation of the organization has already been establish on the core values which are
Safety, Quality, Trust, Commitment, Integrity, Innovation and Research & Development
over the last 10 years in the field of construction and Infrastructure development. Now
the company is looking forward to achieve new horizon in the business with sheer hard work
and trustworthiness. In this Journey many strong policies and procedures has framed by our
management to meet regulatory guidelines at all the times. Enhancing stakeholders' value
continues to be our corporate approach.
UNIVASTU has seen a remarkable performance in FY 2018-19. Our consolidated gross
revenue of the company increased by 23.74 % to Rs. 10090.12 Lakhs compare to Rs. 8154.13
Lakhs in the last year. Profit before Tax increased by 34.34% i.e. from Rs. 465.99 Lakhs
to Rs. 626.03 Lakhs. Profit after Tax increased by 35.89 % i.e. from Rs. 332.71 Lakhs to
Rs. 452.13 Lakhs.
Infrastructure sector plays an important role in the growth and development of Indian
economy. Nearly 9% of India's GDP is spent on Infrastructure services. Infrastructure and
construction sector has the 2nd largest share in FDI inflows. In budget, the government
increased its expenditure towards infrastructure development by 20.9% is giving the boost
to the sector and also ensuring the continued funding to various projects like rail/
metro, urban development, road etc. These government initiatives and strategies are more
favorable and predictable to the company. The Government has also decided to come up with
a single window clearance facility to accord speedy approval of construction projects.
All these achievements would not have been possible without the support of all the
stake holders including the Central and the State Government and Various Government
Agencies, Our suppliers and Sub Contractors, Bankers and Financial Institutions and above
all the shareholders. I would like to thank you all for your faith and trust during the
year.
I also thank all my members on Board for their continued support and guidance.
Last, but not the least, I would like to thank all the UNIVASTU employees as well as
those who are associated with us across various projects. We seek all of your continued
support for making the company grow stronger.
Pradeep Kisan Khandagale
Managing Director