Lupin is striving for more. We live today in a rapidly evolving global
 marketplace and an economic environment that has been through its most
 tested phase in memory. All businesses have learned from this and the
 ones that will shine into the future will be those that recognize it is
 not enough to rely on past triumphs but to constantly explore new
 frontiers, innovate and invest passionately in the future.
 
 We must not look back at our milestones but look forward to new
 challenges and goals with a resolute determination to seek out
 excellence in all that we do. Quality products and services are no
 longer the hallmark of success. They are simply expected in todays
 increasingly demanding marketplace. We have created a high growth
 business model with consistently improving margins - an achievement
 that we are proud of. But this must go hand-in-hand with the ability to
 not only sustain every aspect of quality and performance but to
 maintain the vision and the will to deliver it; to always be alert for
 change and better ways of doing things.  It is this combination that
 determines a Companys character, its culture of inclusiveness,
 empowerment, innovation and a thirst for continual improvement.
 
 At Lupin, we are challenging our teams to look beyond our existing
 standards and seek excellence in every aspect of business. Better ways
 to relate to our customers and our partners. Better ways to develop new
 markets and new products. Better ways of research and innovation.
 Better manufacturing technologies. Better ways to serve all our
 communities.
 
 I am delighted about the results we have achieved so far. My fellow
 Directors and our Leadership Team will tell you about our revenues of
 USD 1.28 billion in the past year, growth of over 20% in revenues and
 profits and a sustained improvement curve that has now spanned 20
 consecutive financial quarters. But let not that be the whole story of
 Lupin 2010-11. We are building a global company positioned and poised
 to reach out for ever greater discoveries and achievements. That
 mission is our DNA; that is Being Lupin.