I am delighted to write to you once again to update you on the performance of VASWANI INDUSTRIES LIMITED. The year started on a good note, but we faced some headwinds during the second half of the year. Vaswani Industries Limited (VIL) has earned a remarkable profit this year and it gives me immense satisfaction.
The Company has already focused on enhancing production capacities, diversifying activities and strengthening our core capabilities - raw material security, technology leadership and retail brand visibility - to leverage opportunities. The fundamentals of our business remain strong, and therefore we are confident that we will continue to play a significant role in the industry in the years ahead.
The growth impetus has emanated despite several hurdles in the economies in sharp contrast to previous years, when developing economies put up a better performance. Such a scenario will create potential and other business opportunities for developing economies like India to grow. We are investing significant resources to strengthen our market position in existing regions, as well as establishing footprints in newer and attractive geographies.
I am fully confident that we will take our products to greater heights because we have the quality and required man-skills, has experience in handling both scale and complexity, and is fully aligned with core competency values.Our achievements so far have only been possible due to the outstanding teams at your company that I am proud to lead. They continuously challenge themselves to innovate and to deliver the best results for all our stakeholders.
Finally, I thank all our stakeholders for your goodwill and support.