MESSAGE FROM THE MANAGING DIRECTOR
Our journey towards becoming a diversified Healthcare Company that`s focussed on
patients` needs received further boost on November 3, 2011 when we successfully concluded
the acquisition of Universal Medicare`s domestic nutraceuticals formulation business.
Indeed, 2011 was a very important year for us as we made a foray into this new and growing
market to reach out to patients now more aware of the importance of leading a healthy
lifestyle and `wellness` in general.
In a year characterised by a turbulent business environment, high inflation and
weakening currency, your Company has once again been able to deliver strong financial
results. This has been possible because of the trust your Company enjoys amongst
healthcare professionals and patients. The members of our Manufacturing and Commercial
teams along with all the support functions deserve the real credit for such a consistent
During the year, your Company intently concentrated on its core growth platforms such
as Diabetes, Consumer Healthcare as well as in Tier II markets. The IMS, a syndicated
research organization tracking performance of pharmaceutical companies, reported excellent
acceptance of our flagship brands which have crossed the milestone of `Rs. 100 Crores`
demonstrating your Company`s powerful brand building capabilities. The portfolio of
products that have entered the `Rs. 100 Crore` club include the Amaryl group, the
Insulin portfolio (Apidra, Lantus & Insuman), the Cardace group and the
Combiflam range. In the process, we are reaching out to millions of patients across the
country and are making a real difference in their lives.
The theme of this Annual Report is an analogy of the Grand Piano. In the coming few
pages, you will read about how we have honed our knowledge and skills over the years and
are executing with `excellence` in myriad ways.
We are committed to upholding the highest Standards of Ethics while carrying out
business activities and ensuring that `Patients` Benefit` is always kept upper most in all
As we aim to continuously raise the bar and commit ourselves to play an even bigger
role in India`s healthcare agenda, we are grateful for the abundant encouragement and
support we have received from you over the years. We will continue to work as a team to
create - just like the soothing music of a Grand Piano - healthcare solutions for patients
and putting the smiles back on to their faces. For surely just looking at the smiles of
patients and their loved ones, is perhaps the single biggest reward for your Company`s
I conclude by expressing my gratitude for your constant support. I thank my colleagues
on the Board for their guidance. I place on record my deep appreciation towards all the
Business Partners, the Healthcare Professionals and Government Agencies for their trust
and support. Finally, to all my fellow colleagues, my sincere gratitude for the passion
and energy displayed throughout the year to make a real difference.