In the first message of this year, I am pleased to report that 2021 was very successful in spite of ongoing challenges. We have excel in all the domains of sales, customer satisfaction, market capture and employee satisfaction.
First and foremost, I would like to thank you for what you have contributed to the weather this crisis and to get our company prepared to cope for higher growth. Your commitment has made all the difference.
I would also like to reassure you that as a company we are resilient. Over the course of 27 years, we have seen- and mastered many challenging moments. We are convinced that we will overcome this one too for higher input material cost.
It is in such tough times; we have focused on organic & inorganic growth and made the first quarter of financial year 22-23 end with better profitability compared to last year. We have launched new products and are developing two different infrastructure projects - one being the inauguration of our West technical centre in Mumbai and the laying down the foundation stone of our new corporate office and gigantic manufacturing plant in Vadodara.
To grow further we will continue to recruit the best new talents, and our current workforce as backbone would be given full support with proper mentoring for career development and skill upgradation.
As a socially responsible and productive organization, Galaxy Sivtek knows its duty towards society, the environment, and governance which we support by promoting regular CSR activities and environment-friendly manufacturing with green energy initiatives.
As a part of my concluding note, I also would like to assure you that innovation at Galaxy Sivtek is a never-ending process. In the forthcoming period of the financial year, we will continue to experiment with new strategies to enhance growth, focus on improving quality, productivity and cost rationalization, enhance customer centricity and brand presence, and expand into new segments.