As we move into the next fnancial year, its time to pause momentarily
and refect on the year gone by. Last year, we started our new fscal
with a single minded focus on rebuilding relationships with our
customers and cementing our alliances. We had next avowed to continue
investing in growing capabilities and expanding business, riding on
synergies available across the Mahindra Group. I am happy to say that
over the past twelve months, we have made signifcant progress in all
that we had planned to do and are coming closer towards creating a
powerful new brand. We have risen against all odds and continue to
accelerate towards greater outcomes and higher achievements.
Coincidentally, yet resonant of our earlier theme of a ‘bird rising
from the ashes, in January 2011, I Mahindra & Mahindra launched a new
brand positioning spanning all group industries, companies and
geographies. This new brand positioning, expressed by the word Rise
is an articulation of values the Group has always held dear. The idea
of Rise rests on three brand pillars: Accepting no limits, Alternative
thinking and Driving positive change.
Rise captures a sense of optimism about the future and a determination
to shape ones own destiny. It means that our products and services
empower our customers to achieve their aspirations. Against this
backdrop of positive change and rising above limitations, I am
delighted to present to you our Annual Results for the fnancial year
2010-11. We are particularly proud of the quick turnaround we have
managed - in the eyes of customers as well as the industry cognoscenti.
It has been a year of multi-year, multi-million dollar wins, deals and
contracts; notable quality recognitions and positive Analyst ratings.
Our fnances and metrics show a defnite upward trend - a major shift
from where we were. There has been focus and consolidation on several
fronts - resolving lawsuits, updating fnancials (to become current),
maintaining uninterrupted delivery for customers, continuing growth
with business acquisition, talent management, and fnancial rigor, among
others.
We are confdent of the future and see signifcant growth on the horizon.
Our wins and renewed contracts speak volumes about our customers
restored confdence in us and vindicate our ‘challenger status.
It is our avowed intent to be a trusted partner to all our customers
and we are well on our way towards our vision of being the Worlds
most valued ICT Company. Value, to us, denotes the intrinsic goodwill
and respect that we earn from the various stakeholders associated with
us - customers, associates, investors and the community.
I thank all our associates for their single-minded resolve to revive
the Company and for their determination to Rise to greater heights.
And I thank you, my shareholders for continuing to have faith in us. I
assure you that my team and I remain committed to living up to the
trust youve placed in us and ensuring that we continue to Rise up to
challenges and expectations.
Sincerely
Place : Hyderabad Vineet Nayyar
Date : May 23, 2011
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