The business environment in recent years has been very complex for a variety of social and geopolitical reasons. DCM Shriram has not only been resilient during a tough operating environment but also its businesses have emerged stronger. This would have not been possible without the group's relentless efforts in increasing scale, multiple revenue streams, optimizing costs, building efficiencies & flexibilities in the businesses and more importantly the financial discipline.

The Chemicals is one of our largest businesses and has given us good returns over the period and is expected to continue as one of the key growth drivers for the Company. We are the second largest Caustic Soda producer in the country. We have and will continue to invest in order to increase scale, reduce costs and add multiple revenue streams to enable growth and add value to this business.

Sugar and Ethanol has grown over the years and has been giving good returns over the last few years, given a rational government policy environment along with favorable demand supply situations domestically and globally. We are the 4th largest Sugar producer in the country.

Shriram Farm Solution business focuses on value added farm inputs like crop nutrition, crop care and seeds. It is growing steadily and today enjoys a leadership position in the research wheat seed segment. It is focusing on bringing new technology products to the farmers especially in crop nutrition and seed segments. The business has grown well over the last few years and is expected to be a growth driver going forward.

Fenesta Building Systems is witnessing good momentum and is a leader in uPVC windows. As the core business expands, we are adding more categories, adding new offerings and increasing our geographic reach including international presence. This is a customer facing business and we work towards maximising customer satisfaction. This business is expected to be a growth driver going forward.

The Company is also present in businesses like Bioseed, Vinyl , PVC compounding, Urea and Cement. These businesses will have reasonable growth based on opportunities and continue to offer reasonable returns.