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13

Once the projects underway are completed (during 2012-13),

our Company will have the potential to cross sales of

`

2,500 cr, and it will be our endeavour to make this happen

in

2013-14.We

are at the same time improving our

performance in the marketplace and workplace with clearly

defined Key Initiatives. More importantly, we are consistently

focusing on strengthening our

processes

and developing

our

people

so that we are able to bring in the required depth

and quality in the management as we expand and diversify.

In step with the tradition established by our reflective

Founder, Mr Kasturbhai Lalbhai, that business must have a

larger purpose

, our Company continued with several Key

Initiatives to serve the society. Rather than simply going after

the quantity of work to be accomplished in this area, we are

paying attention to improve the quality; for example, Atul

Vidyalaya, one of the schools promoted by Atul, is considered

amongst the best in imparting holistic education and Atul

Club, amongst the best for sports.

Ultimately, our performance and in turn that of our Company

will depend upon how well we think, plan and execute,

individually and collectively. During the year, we established

three Centres

, namely, Learning, Inspiring and Serving to

reaffirm what we stand for and work for; I have confidence

that these Centres will remain our guiding stars for the years

ahead and, together, help us become better, personally and

professionally, in turn power our performance to serve all our

Stakeholders.

Diamond on the cover page symbolises more than just a

jubilee. It symbolises the test of our strengths to remove

our weaknesses, our endurance to face difficulties and

our aspirations to reach our highest potential.The lower

profit may have upset our track record of the last 7 years

of consistent improvement, but not our resolve; it has only

become

stronger.We

remain committed to our

Purpose

and

Values

even as we will redefine our Vision, Strategy and

Initiatives to grow and serve. I thank you for your support in

this endeavour.

Sincerely,

Sunil S Lalbhai

Chairman & Managing Director

We pledge our unflinching allegiance

to a dynamic future wherein we will

reappraise, redefine and restructure,

with interactive

solidarity.We

cherish

our legacy, but our dreams outweigh

our memories, and we will forever

remain a new company to pursue them.