I always consider myself fortunate to have grown up, and worked so
closely with Mr. P.N.C. Menon - our founder, mentor and my father - who
passionately created Sobha, a brand that is today synonymous with
excellence and trust. Right from my early years in Muscat, I could
observe the traits that I thought made him a very unique and amazing
personality: the sheer discipline, integrity, passion, and the equal
love and care for family, colleagues and the community. The value
systems that he taught me, and in which I strongly believe, have always
helped me in my journey. On completion of nine years at SOBHA, I am
equally humbled by the fact that you have reposed your faith in me to
carry his glorious legacy forward. It is a great honour and
responsibility to take over the mantle of leadership. Guided by his
wisdom and experience, I am confident of effectively executing the
responsibilities bestowed on me and leading the Company towards greater
echelons of success.
Our improved focus on product deliveries has reaped rich dividends with
the cumulative execution levels of the Company leaping from 10.14
million square feet in the year 2004-05 to 56.25 million square feet in
the year 2012-13. The Company''s average execution of 6.25 million
square feet for the last six years is a record in the Indian
Having actively diversified into new geographical territories over the
years, SOBHA has gradually grown from being a Bangalore-based Company
to a nationally recognised and respected player with a presence in 23
cities and 13 states across India. We aspire to judiciously expand our
real estate footprint in other cities like Kochi, Kozhikode, Hyderabad
and Noida / Ghaziabad. Our foray into the space of commercial
development will also be accelerated in the times to come.
In this new phase of development, we have many opportunities ahead of
us to leverage SOBHA''s distinct capability. We will continue to
solidify our position in the industry and seize every opportunity to
build, grow and sustain.
We truly believe in creating value through all-round performance. With
an in-house design to delivery potential, SOBHA is poised for
sustainable progress. Above and beyond the technical and economic
quality of our projects, our goal is to enhance their social and
environmental value by providing solutions that address the long-term
issues facing the society as a whole. By investing in eco-design
technologies and increasing participative innovation, we improve the
energy and climate performance of a building.
SOBHA is a company, which invests in details, however small or
insignificant they may appear to be. The hallmark of a world-class
product lies in its detailing. Attention to details is deeply embedded
into our work culture, the reflection of which can be seen in the image
of the Company as a developer of repute. We reassess our quality
management systems and practices to make sure our work is done right
the very first time, every single time.
Our Company is a highly process-driven organisation wherein standard
work procedures are laid down, documented, periodically monitored and
strictly adhered to. I believe that our carefully structured, strong
and robust business model is capable of sustaining and thriving even
under adverse circumstances.
We work hard to ensure that we are a good steward at our worksites and
in our communities; and strive to do our bit every day. I remain
steadfastly committed to the best-in-class community service
initiatives that have been developed with sheer devotion and compassion
for the needy. I will strive to further expand the reach of the
Company''s activities in the realm of Corporate Social Responsibility
The success of the Company is a testament to the talent and expertise
of the people associated with it. I would like to acknowledge the hard
work, commitment, and skills of our employees who are ultimately
responsible for executing our vision into reality. My sincere gratitude
is also due to my colleagues on the board for their guidance and
We remain fully confident of the growth potential of our businesses.
The future is indeed more exciting today than ever. With a clear
strategy, solid fundamentals and an active market presence in
fast-growing cities, SOBHA is forging ahead in a changing world, fully
prepared for the challenges of tomorrow.
On behalf of our employees and customers, I thank you for your
unflinching support. I look forward to seeing you at our annual
shareholders''meeting on July 5th, 2013.
Ravi PNC Menon