I often go nostalgic and reminiscent when my mind flashes back to the
day when we came up with our first Public Issue and started by laying
down first Coating Line in the year 1994. From one Coating Line with a
production of just 2,18,732 Linear meters to three Coating Lines with
an aggregate production of over 79,35,499 Linear Meters, our Company
has grown phenomenally.
Mayur Uniquoters, by concentrating only in one Segment i.e.
manufacturing of PU/PVC Synthetic Leather, has done exceptionally well
in terms of improving the quality as well as enhancing the features of
its product. Now we have a strong foothold in both domestic as well as
international market. Our Company has emerged as a leader by innovating
its product by improvisation in its R & D and Value Engineering. Mayur
continues to strengthen its presence with enhanced value across the
The growth in the current fiscal coupled with strong economic demand,
bodes well for growth in Leather Industry. The market share of the
Company has grown both in terms of volume and value, which is in itself
an achievement. During the year 2007-08, your Company marked its
presence globally by gaining new customers while retaining the
confidence of loyal ones. Our endeavour is to focus not just on
order-book additions but to bid for and execute projects that create
value for our customers and stakeholders.
The loyalty, which the customers attached to us, is reflected from the
fact that our Company has received repeated and increased orders from
its regular customers both from domestic as well as overseas clients.
Taking cue from the fact that we have strong customers base, which are
attached with us since long and continuous initiation of new
relationships, is a reflection of the value proposition we bring to the
table and the high degree of confidence that is bestowed by our
On behalf of the Board, I would like to thank our employees for their
dedication and persistent hard work towards making Mayur Uniquoters
Limited a grand Success. The enthusiasm and unstinting efforts of the
employees have enabled the Company to remain at the forefront of the
industry despite increased competition from several existing and new
players. I would also like to express my appreciation to our esteemed
and loyal customers for their continuous support.
Last but by no means the least, I would like to thank all the
shareholders and stakeholders for their continuous confidence in Mayur
Going forward, we will continue to deliver sustainable value and growth
to all our stakeholders, employees and customers.
Yours Sincerely, Suresh Kumar Poddar
Chairman and Managing Director