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Bombay Dyeing and Manufacturing Company

BSE: 500020|NSE: BOMDYEING|ISIN: INE032A01023|SECTOR: Textiles - Processing
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Chairman's Speech (Bombay Dyeing and Manufacturing Company) Year : Mar '12
Dear Shareholders,
 
 Your Company, Bombay Dyeing is one the flagship companies of the Wadia
 Group, and for more than 133 years, it has remained an inseparable part
 of Indian consumer''s daily life. In consonance with the Group''s spirit
 of trust, quality and perseverance, Bombay Dyeing has continuously
 strived to reinvent itself in tune with changing times. What began as a
 small dyeing unit of India-spun cotton yarn, has today transformed into
 a multi-faceted business enterprise, encompassing fast growing segments
 of real estate, textile and polyester staple fiber.
 
 Fierce global economy is under significant stress owing to the European
 crisis and the fragile US recovery. fife West''s economic inertia is
 smothering India''s growth rates and creating a dismal investment
 horizon. Fierce fore, at Bombay Dyeing, we are thinking harder, acting
 faster and running the extra mile to counter a not-too-exciting
 business outlook.
 
 We are transforming our business strategies to become more competitive
 with the evolving times. As a result, your Company will now focus on
 emerging as a strong retail focused home- solutions brand in the
 textiles business. We will unlock the value of the Wadia Group''s large
 land bank in India by creating landmark developments and communities.
 We believe that the realty business will enhance future profitability
 and value creation for Bombay Dyeing. We are committed to invest and
 nurture this business with the same passion and values that have
 defined the foundations of the Wadia Group and Bombay Dyeing.
 
 We are also constantly elevating our traditional businesses to seek new
 synergies, markets and sweet spots of product excellence. Synergies
 across the Wadia Group companies are also being leveraged in the areas
 of supply chain, human resource, customer relationship, finance and
 marketing management. Accordingly, reputed global software services
 major IBM has been engaged to identify best practices across the Group
 companies and take this initiative forward.
 
 As a Group, we stand committed to the values of integrity, excellence,
 respect, teamwork and trust. fifes values have transcended the
 barriers of time and continue to inspire the way we operate our
 businesses, engage with our stakeholders and shape our future.
 
 Nusli Wadia Chairman
Source : Dion Global Solutions Limited
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