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Jaihind Projects
BSE: 531339|NSE: JAIHINDPRO|ISIN: INE343D01010|SECTOR: Construction & Contracting - Civil
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Mar 11
Chairman's Speech (Jaihind Projects) Year : Mar '12
Dear Shareholders,
 
 It gives me immense pleasure to extend a warm welcome to all the
 members of the company at the 26th Annual General Meeting. I am very
 pleased and elated to note the keen level of interest in Jaihind
 Projects Limited, India s one of the fastest growing construction
 companies.
 
 Jaihind''s history dates back to 1963 when it started as a sole
 proprietorship firm named Jaihind Welding Works by Late Mr. Lalchand
 Hinduja. His zeal, leadership and dedication towards work led his
 clients entrusting him to take on projects of larger size, leading him
 to built a team of technocrats and engineers to focus and take on oil &
 gas pipeline projects against competition from major engineering firms.
 Jaihind transformed into private limited company on 23,d December, 1985
 and later on gained public limited status on 24th March, 1995.
 
 Before I share with you the highlights of JPL''s performance in the
 financial year 2011-12, let me convey some of the noteworthy and
 remarkable events that have taken place. The company has been ranked
 1 amongst Fastest Growing Construction Companies in the small cap
 segment (<600 crs) by international fronts. Your company has ventured
 in foreign lands and has begun to establish its presence in the
 international markets. The company has also ventured into the Solar
 Power Sectors by entering into a PPA with the Gujarat Government.
 
 In year marked with challenges and opportunities, your Company has
 achieved sound financial results. I take great pleasure in presenting
 before you the performance of JPL for the year 2011-12. The Company has
 achieved consolidated 29.19% growth in revenue from Rs. 44422.80 Lacs in
 financial year FY 2010-11 to Rs. 57390.29 Lacs in the FY 2011-12. The
 profit after tax has been enhanced by 9.57% from Rs. 2558.69 (FY 2010-11)
 to Rs. 2803.52 Lacs (FY 2011-12).
 
 The company has sailed through great challenges that have strengthened
 the team work and enhanced the efficiency of every member of JPL and
 set a path to achieve greater milestones.
 
 I take this opportunity to express gratitude for all the support,
 co-operation extended by Banks, Government and Statutory Auditors,
 Shareholders, Suppliers and all our valuable Clients. I wish to
 appreciate and thank all the Executives, Employees and Consultants of
 the company for rendering impeccable services.
 
 Thankyou very much.
 
 Yours truly,
 
 Prakash L. Hinduja 
 
 (Chairman & Managing Director)
Source : Dion Global Solutions Limited
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