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9

Learning Centre,

Atul

In addition to expanding capacities of several

existing products, our Company is i) introducing

new products in its seven non-retail businesses

(each of which has well-conceived plans for

related | downstream products) and ii) growing

its two currently small retail businesses. Many of

the limitations are generally internal – so higher

performance will be a natural consequence

when every concerned member of the team Atul,

individually and collectively, looks within and

becomes stronger – this is the endeavour. This gives

me confidence that the

long-term future

will be

beneficial to all the Stakeholders.

I am privileged to be a part of the team Atul which

is endeavouring improvements and excellence in

every area of operations and serving the customers.

My colleagues and I value the critical analysis,

encouragement and guidance of the distinguished

Non-executive Directors (the Board of our Company

was rated amongst the best 50 in India by Korn

Ferry Hay Group). The team Atul fully accepts the

dynamic expectations of its customers; this cycle

of evolution ensures

continuous learning and

improvement

– I thank every member of the team

who is engaged in this process and is helping our

Company renew consistently.

The financial results have shown again that future

is not obliged to span out as planned, but I wish to

assure you of the resolve of the teamAtul to summon

the courage and bring out the best to realise the

potential of our Company. As our Company enters

its 71

st

year, we have pledged to ensure that we

remain a learning organisation – learning never

exhausts the mind; it enriches us to do better.

We will focus on the three pillars of

sustainability

– economic, environmental and social – relentlessly

no matter what the obstacles. We will work with

hope leaving fear astern, and I pray that we become

worthy of the unlimited opportunities.

Sincerely,

(Sunil Siddharth Lalbhai)

Chairman and Managing Director

There are five types of efforts required –

envisioning (purpose), learning (knowledge),

persevering (skill), introspecting (thoughtfulness)

and perfecting (excellence) – before we see

results. It may be difficult to see good results in

a sustainable way unless this cycle of five steps

is completed. It is our endeavour to internalise

this approach to work.

It is aptly said that the mind can explore the

depths of oceans and the heights of mountains

– this is its power, but to do this properly, it

must first prepare, train and silence itself.

The Learning Center at Atul is developed with

the idea that learning is a continuous and never-

ending process which makes us better human

beings in our personal, professional, social and

spiritual lives.