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22 Annual Report 2020-21
nd

Chairman’s

Statement

Dear Stakeholder,

In these Pandemic times, I wish and pray you and your families
to remain safe and well. Today all of us are witnessing the
second wave of the Pandemic, and people worldwide are
suffering losses in family and business. Your Company, too,
suffered. I am deeply saddened to report that we lost eight of
our young and talented team members. I want to assure you Ashok Sethi
that we are standing in support of the concerned families and CHAIRMAN
are doing all that we possibly can to ensure that the families are
financially independent.

I sincerely wish safety and wellbeing for you and your loved
ones’. As you know, this Pandemic second wave has severely
affected India. There is a great ray of hope as more and more
people get vaccinated. I am happy that all our employees
and their family members have taken at least one vaccination
dose. Your Company is doing what it takes to keep our family
protected while continuing to deliver. With the experience of
managing the Pandemic and getting accustomed to working
from home to the extent possible and the vaccination drive, the
economic and health situation is expected to improve this year.
But we have to keep taking care until the situation comes under
control and the third wave is avoided altogether. However,
given this turmoil, this year again will remain challenging and
test our skills, empathy and agility. Let me assure you that your
company leadership has taken cognisance of the challenges
and has prepared a detailed strategy focusing on invigorated
sales efforts, cost optimisation, efficient collections, forged
partnerships and continuing to open new business lines.

I am also pleased to share that your
Company played an integral part in helping
the country combat the COVID-19 crisis with
innovative engineering solutions. The Company
worked on solutions to quickly generate oxygen
by converting the existing PSA nitrogen plant to
produce oxygen and has prototyped an open-
source oxikit oxygen concentrator. Your Company
also supported new oxygen plants by procuring
and setting up a process of due diligence in
distributing the essential commodity.

Your Company started the year based on the foundation built
in FY20 to change gear and enter into new areas of consulting.
It was a challenge through Pandemic times, and it gives me
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