Chairman’s letter to the Shareholders

India’s medium-term growth prospects continue to be robust. Significant reforms undertaken in the recent years such as GST and insolvency code would raise India’s growth potential in the coming years, amplifying the effect of the long-term structural cornerstones of the Indian growth story such as demography and urbanization.

Ranked #205 in the list of “Global 2000 - Growth Champions” Forbes Magazine - USA.

Consolidated - 2019
Net Revenue from Operations

72,971Cr

2.2x

Consolidated - 2015
Net Revenue from Operations

32,847Cr

Consolidated - 2019
EBIDTA

12,820Cr

2.3x

Consolidated - 2015
EBIDTA

5,683Cr