Omaxe

My Dear Fellow Stakeholders,
 
 They say a champion is one who gets up when others cant. Over the last
 year, your Company took the spirit of creativity and resilience to
 newer heights.
 
 Before we dig into that, though, lets cast a quick glance at the year,
 and period, that just went by, and see where we are coming from. It was
 a phase where the buoyancy of the past few years was neutralized by a
 world wide recession. As markets across the USA and Europe crumbled,
 even the strongest felt the earth shake under their feet. In the
 significantly smaller world that we live in today, it was just a matter
 of time before the domino effect hit Indian shores. The real estate
 sector was amongst the worst hit.
 
 So how has your Company fared during this time of tribulation? With
 trademark energy, let me say, and more favourably than most. During the
 year, Omaxe has registered revenue of Rs. 8148.07 mio and earned Net
 Profit of Rs. 413.14 mio (on consolidation basis).
 
 To be honest, the recession caught us at our innovative best. We
 understood that the forward drive in the real estate sector was today
 being fuelled by the rise of a knowledgeable and sensitive end-customer
 category; And we knew exactly what it wanted - Experiences that were
 world class @ parameters (like cost) that were sensible. Parallely, we
 kept one eye on the residential housing segment. Via robust business
 strategies, competitive positioning, end-to-end optimization, a
 signature accent on innovation and superior execution skills, we
 offered a bold and emerging generation what it was looking at (while
 staying clear of the negative pull of the recession). It was like
 building a bridge, with destiny.
 
 As if in reciprocation, the market today has grown to recognize us as a
 responsible leader of tomorrow. A measure of that responsibility is
 reflected in the way we have judiciously de-risked and diversified to
 bag a row of interesting construction assignments, and it is also
 evident on the real state front in our series of best-selling
 residential projects across regions and lifestyle-tiers of India, like
 Omaxe Eternity in Vrindavan, Omaxe City in Patiala, Omaxe New Heights
 in Faridabad, Omaxe Sangam City in Allahabad, Omaxe City (a line of
 luxury villas) in Bathinda.
 
 Even as I jot this, however, there are signs that the worst (of the
 global downturn) may be behind us. Germany and France have recorded
 positive growth (albeit fractionally), with others in the Top 5 not too
 far behind. At home, the demand for both residential and commercial
 space continues to be on revival mode. Retail and entertainment, rising
 FDI, government support and domestic demand, all make certain a speedy
 phase of recovery for Indias real estate sector. And by putting the
 customer first, Omaxe is making sure that it is perfectly positioned to
 usher in the future.
 
 As the momentum of inspiration and ambition takes us from strength to
 strength, I thank each and every one of you for reposing your i
 confidence with Omaxe. Today, we are putting our best foot forward i
 across multiple opportunities.
 
 It Stay with us. Its time for opportunity in adversity.
 
                                                 Regards,
                                             Rohtas Coel
                                                CHAIRMAN