Integrated Report 2023-2024

Values Kasturbhai Lalbhai (1894 – 1980) The legacy of the Founder of Atul has been synonymous with three terms: excellence, perseverance and trusteeship. At Atul, we have the most onerous responsibility to expand and diversify its footprint and follow his figurative footsteps. We are endeavouring to achieve this remit in full measure. Balwantrai Mazumdar (1902 – 1981) An economist, Balwantrai Mazumdar was a voracious reader, sound thinker, patient listener and a farsighted professional. He created an atmosphere of camaraderie that brought out the collective best in the people of Atul. He was the moving force behind making Atul Complex one of the largest eco-friendly chemical sites of its kind in the world. He remained with the Group till the end of his life as did most of the people who worked with our Founder. Siddharth Lalbhai (1923 – 1998) A chemical engineer and the elder son of the Founder, Siddharth Lalbhai dedicated his life to the development of Atul. He accorded equal value to creation of wealth and service to society. The principles of trusteeship that he upheld, the personal qualities of integrity, perseverance and simplicity that he lived by and the single-minded devotion that he gave to tasks on hand will always remain our guiding force. Integrity Understanding Unity Responsibility Excellence bird’s eye view of Atul site 3 Corporate Overview Performance Overview Governance Overview

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