Atul Ltd 2019-20

02 Atul Ltd | Annual Report 2019-20 Corporate Overview 01-21 Statutory Reports 22-91 Financial Statements 92-228 Corporate identity We are a diversified Indian company (a part of Lalbhai Group, one of the oldest business houses of India with a legacy of conducting business with a larger purpose) meeting the needs of varied industries such as Adhesives, Agriculture, Animal Feed, Automobile, Composites, Construction, Cosmetic, Defence, Dyestuff, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Pharmaceutical, Plastic, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre andWind Energy across the world. We manage complex chemical processes in a responsible way. In order to enhance focus, we have placed the products belonging to the two reporting segments, namely Life Science Chemicals and Performance and Other Chemicals, under seven sub-segments (interchangeably called Businesses), namely Aromatics, Bulk Chemicals and Intermediates, Colors, Crop Protection, Floras, Pharmaceuticals and Polymers – these in turn are managed through a matrix organisation structure for achieving all-round functional excellence. Nalanda University The highest education is that which makes our life in harmony with all existence. - Rabindranath Tagore Nalanda (in Bihar state of India) was one of the earliest universities in the world whose history dates to the time of Buddha (6 th to 5 th centuries BCE) and Mahavira with diverse curricula such as anatomy, astronomy, mathematics, philosophy, religion, etc. It is believed that its campus was spread across ~ 1,50,00,000 square meters (only 10% of which has been excavated while rest of the ruins still lie under the ground). The Government of India resurrected the university in 2010. Although a business entity, our Company too is a center of learning – the role of every manager is that of a coach through exemplary self-management and not that of a boss.