An Unforgettable Journey
It gives me immense pleasure to present you the financial report for your Company. In the fiscal year 2017-18, the Company has taken many positive steps for Sustainable Development. We are genuinely excited about the abundance that is yet to come and we are all set to welcome success with our dedication and perseverance.
Your Company has a global presence in 100 countries with 1,145 employees. In the last few years, the Company achieved unbeatable targets. We are one of the world’s and India’s major producers for the production of Fluoroquinolones, Metronidazole, Metformin, Ketoconazole and Metronidazole Benzoate. Through continuous efforts and investments into the Business since Incorporation, your Company has developed 50 products with 2,143 MT/month capacities. Top 10 products contributed to around 75% of the total revenue whereas remaining products are ready to achieve new heights.
Long-term Business strategy supported your Company to show strong financial position as on 31st March, 2018. In the year under consideration, your Company has maintained overall Revenue, Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) and Profit after Tax (PAT) inspite of challenging economic conditions.
Environment safety is our prime motto. We believe in producing best quality products with zero discharge operations and recycling process. Your Company has taken multiple steps to control the pollution through by-product processing and waste management.
As every coin has two sides, we too, on the one hand, have faced various challenges due to the internal and external environment. However, on the other hand, your Company has performed well in spite of the challenges faced.
To conclude, I would like to express my sincere gratitude to all our Shareholders for showing interest and confidence in our Business. I thank all our Stakeholders, Suppliers, Customers, Bankers, Employees and everyone associated with us for supporting us to grow every single day.
Prakash M. Patil
Chairman, Managing Director & CEO