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Company Information

Home » Market » Company Information

Colgate-Palmolive (India) Ltd.

Sep 16
1716.35 -13.60 ( -0.79 %)
VOLUME : 11321
Prev. Close 1729.95
Open Price 1732.00
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
Sep 16
1716.50 -13.80 ( -0.80 %)
VOLUME : 623108
Prev. Close 1730.30
Open Price 1732.00
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
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Market Cap. ( ₹ ) 46686.33 Cr. P/BV 40.03 Book Value ( ₹ ) 42.88
52 Week High/Low ( ₹ ) 1823/1322 FV/ML 1/1 P/E(X) 45.09
Bookclosure 29/07/2021 TTM EPS ( ₹ ) 39.36 Div Yield (%) 2.21
You can view full text of the latest Director's Report for the company.
Year End :2019-03 

Report of the Directors


The Members,

Colgate-Palmolive (India) Limited

The Directors are pleased to present their Report and Audited Accounts of the Company for the year ended March 31, 2019.

1. Financial Results

(Rs,In Crore)

F.Y. 2018-19

F.Y. 2017-18*

Total Revenue (a b c)



Sales (a)



Other Operating Revenue (b)



Other Income (c)



Profit Before Exceptional Item and Tax



Profit Before Taxation



Tax Expense



Profit for the year



Other Comprehensive Income (net of Tax)



Total Comprehensive Income



Balance brought forward



Profit available for appropriation



Balance transferred to Retained Earnings from Share Options



Outstanding Account

Appropriation :




Dividend Distribution Tax



Balance carried forward



* Previous year’s figures have been re-grouped to conform with current year’s presentation, wherever applicable. ** Including Excise Duty, refer footnote of Note No. 26 of the Financial Statements.

2. Business Performance

Reported Net Sales for the financial year 2018-19 stood at Rs,4,432.44 crores against the Rs,4,299.89 crores of previous year. Net Sales (excl. excise duty) increased by 7% in comparison to the previous year. Reported Net Profit after tax for the financial year 2018-19 was Rs,775.57 crores, an increase of 15% over the previous year. Excluding the impact of tax reversals and exceptional items, Net Profit after tax for the financial year 2018-19 increased by 11% over the previous year.

Despite challenging business and economic environment, your Company continues to sustain its leadership position in both the Toothpaste and Toothbrush categories during the financial year 2018-19.

3. Dividend

Your Company’s Board declared two interim dividends and one special interim dividend, aggregating to Rs,23/- per share, for the financial year 2018-19. The first interim dividend of Rs,8/per share was declared in October 2018, the second interim dividend of Rs,7/- per share was declared in March 2019 and the special third interim dividend of Rs,8/- per share was declared in May 2019. The first and second interim dividend was paid on November 22, 2018 and April 22, 2019 respectively and the special third interim dividend would be paid on June 20, 2019. Having declared three interim dividends, your Company’s Board has not recommended a final dividend for the financial year 2018-19.

4. Colgate ranked India’s #1 Most Trusted Oral Care brand (8th consecutive year)

Your Company is the market leader in Oral Care and has been ranked as the Most Trusted Brand in the Oral Care category for the 8th year in a row, as per the India’s Most Trusted Brands Survey 2018, conducted by Nielsen and commissioned by Economic Times - Brand Equity. Colgate is the only brand to feature in the top three ranks from 2001-2018 since inception of the survey. This has been possible only due to the trust of our consumers that helps us “Keep India Smiling!”

5. Focus on Innovation and New Launches / Campaign

Your Company is focused on delivering insight-driven innovation that provides value-added new products across all price points.

In the financial year 2018-19, following products were launched/re-launched:

Colgate Strong Teeth: Colgate’s most selling toothpaste brand in India has been re-launched on an evocative platform of ‘‘Daant Banaye Andar se Strong - Strengthens Teeth from within”. Refreshed with a new packaging, the relaunch of Colgate Strong Teeth is unveiling new elements.

Colgate Total: Colgate Total was re-launched with a new Advanced Formula that provides superior protection for problem causing germs not just for your teeth but also for your tongue, cheeks and gums. The advanced formula contains Dual Zinc and Arginine and works with the chemistry and biology of the mouth to proactively fight germs, food acids and stains which give you Whole Mouth Health.

New Motu Patlu & Colgate Kids Toothpaste Variant: Strengthening Colgate’s existing Kids toothpaste portfolio, which is built around exciting characters like Spiderman, Barbie and

Minions, Colgate launched another themed toothpaste - Motu Patlu with Fun & Fruity flavors for children.

Super Flexi Sensitive Toothbrush: The latest addition to the toothbrush portfolio is Super Flexi Sensitive Toothbrush. It’s premium ultra soft bristles and flexible neck handle ensures complete yet gentle cleaning for sensitive teeth & gums. It comes in a 1st ever premium window hanger to stand out in-store.

Palmolive Facial Bar: Launched in selected markets of Kerala and Delhi, Palmolive Facial Bar has been developed with nature’s goodness and Palmolive’s expertise, in 3 exciting variants

- Vitamin C & E, Turmeric & Tamarind and Charcoal. Its unique formula, enriched with fruit oil & natural extracts creates luxurious foam on usage, cleansing the skin from deep within to make it healthy and radiant.

Colgate’s ‘Kumbh Se Sampoorna Shuddhi, Colgate Vedshakti Se Sampoorna Suraksha’ campaign:

During the year, Colgate has endeavoured to ensure a complete protection or ‘sampoorna suraksha’ of the pilgrims at Kumbh Mela, which is the world’s largest human congregation, where more than 15 crore people come for a holy dip in the Prayag, at Allahabad. The main aim of the said campaign was to create oral hygiene awareness and also ensure a safe visit for all pilgrims.

This completely localized campaign was custom-made to provide a complete all-round protection to pilgrims through a range of Kumbh specific activities and utility elements such as:

- Brushing stations for pilgrims to brush their teeth;

- Oral Care importance drives to spread the awareness of good oral hygiene;

- Free, large-scale sampling of Colgate Vedshakti for millions of people at Kumbh;

- Suraksha Wristbands for children to write/ wear their emergency contact details on a safety wristband; and

- Sampoorna Suraksha Ropes given to big groups and families to hold on to, to ensure that they walk together without getting lost in the crowd.

6. Sustainability

Your Company is an environmentally conscious Company that believes in protecting the environment and building a sustainable society. The Company is committed to doing business with integrity and respect for all people, and for the world around. Achieving economic, social and environmental performance in today’s business climate requires a long term sustainability strategy that is executed with discipline year after year. Colgate’s sustainability strategy is focussed on the three areas of People, Performance and Planet.

I. People: Promoting healthier lives, Contributing to the Communities where we live and work:

- Your Company is committed to continuously improve employees’ health and reduce their health risks and encouraging healthier living for employees and their families.

- Colgate employees have been provided with free health check-up facilities coupled with various ‘Live Better’ initiatives for promoting healthy lifestyle.

II. Performance: Growing the business with innovative, more sustainable products that make the lives of consumers healthier and more enjoyable:

- Your Company endeavors to improve the sustainability profile of new products and product updates, drive sustainability with breakthrough product and process innovation, increase the recyclability of our packaging and increased recycled content, have a positive impact by expanding access to affordable health and wellness products for millions of people in underserved communities and use the power of our brands to build awareness and drive engagement in product sustainability.

III. Planet: Conserving Earth’s finite resources, addressing climate change and maintaining the well-being of our planet for generations to come:

- Your Company is committed to address environmental issues key to the Company such as energy use, carbon emissions, water use and waste generation as well as deforestation.

- Colgate has robust policies in place for sustainable use of and environmentally sound disposal of waste generated during our processes and making every drop of water count and reducing our impact on the climate and the environment. More information on conservation of energy and measures undertaken by your Company are mentioned in Annexure - 3 to this report.

Your Company has received TRUE Zero Waste Platinum certification, for all its four manufacturing sites in India, from Green Business Certification Inc. (GBCI), the premier organization independently recognizing excellence in green business industry performance and practice globally. Your Company is the first in India to receive such certification. GBCI administers TRUE Zero Waste certification, a program for businesses to assess performance in reducing waste and maximizing resource efficiency. Facilities earn TRUE certification by achieving minimum program requirements and attaining points; the program operates on a ranking system, with ‘Platinum’ being the highest certification level.

7. Responsibility Statement

Pursuant to Section 134 sub-section (3)(c) read with sub-section (5) of the Companies Act, 2013, your Company’s Directors, based on the representations received from the Management, confirm that:

a) in the preparation of the Annual Accounts for the financial year ended March 31, 2019, the applicable Accounting Standards have been followed and that no material departures have been made from the same;

b) they have, in selection of the accounting policies, consulted the statutory auditors and have applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

c) to the best of their knowledge and information, they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) they have prepared the Annual Accounts on a going concern basis;

e) they had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

8. Corporate Governance

A separate report on Corporate Governance along with the Auditors’ Certificate on its compliance with the corporate governance requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) is attached as Annexure - 1 to this Report.

9. Corporate Social Responsibility

Your Company is engaged in a variety of corporate social activities which focus on promoting oral health, education, skills building and enhancing access to water. These social initiatives reflect your Company’s core values of caring, global team work and continuous improvement. These initiatives are carried out through a variety of effective programs in accordance with the requirements of Schedule VII of the Companies Act, 2013, by the Company’s employees in partnership with reputed NGOs.

The Board of Directors and the CSR Committee closely review and monitor, from time to time, the various CSR activities undertaken by the Company.

The following are the key CSR programs undertaken by your Company during the financial year 2018-19:

i) Bright Smiles, Bright Futures™

ii) Oral Health Month

iii) Read India program with Pratham

iv) Education & Women Empowerment program with Seva Mandir

v) A Positive Step program with NTP

vi) “Saksham” program

vii) Water program with Water for People India Trust

viii) Education Program with Action Aid

A detailed description of the above programs/ activities is contained in the Annual CSR Report attached as Annexure - 2 to this Report.

The contents of the CSR Policy as well as the CSR programs undertaken by the Company are available on the Company’s website at CommunityPrograms/HomePage.cvsp

10. Employee Relations

The Employee Relations in the Company continued to remain healthy, cordial and progressive in the financial year 2018-19.

At Colgate, we consider every employee as one of the most valuable resources contributing towards the long term success of the Company. Our employees are committed to acting with compassion, integrity, honesty and high ethics in all situations. As per Colgate’s core values, all employees are treated with equality and fairness and provided with opportunities to develop their career aspirations while working with the Company in India and, where possible, outside of India on assignments with group companies of Colgate.

Your Company has zero tolerance towards any kind of harassment, including sexual harassment, or discrimination. Your Company has constituted an Internal Complaints Committee (ICC) to investigate and resolve sexual harassment complaints. Employees are encouraged to speak up and report any such incidences to the ICC. Your Company has also implemented a Policy on Prevention of Sexual Harassment which is reviewed by the ICC at regular intervals. Any complaint made to the ICC is treated fairly and confidentially.

There were nil pending complaints carried forward to the financial year 2018-19 from the earlier financial year 2017-18. During the financial year 2018-19, three complaints were received and investigated out of which two complaints were resolved by the ICC and one complaint is under investigation.

Your Company also recognizes and follows “Managing with Respect Principles” which are applicable not only within Colgate but also while its employees are dealing with its customers, suppliers, vendors etc. Managing with Respect is the way Colgate people put our values into action. It is creating an environment where people feel free to offer suggestions, contribute ideas and resources and help grow the business. Managing with Respect creates an environment where people genuinely care about each other and work well together to reach their full potential.

11. Trade Relations

Your Directors wish to record appreciation of the continued, unstinted support and co-operation from its retailers, stockists, suppliers of goods/ services, clearing and forwarding agents and all others associated with it. Your Company will continue to build and maintain a strong association with its business partners and trade associates.

12. Energy Conservation, Technology Absorption and Foreign Exchange

The information required under Section 134(3) (m) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014 with respect to conservation of energy, technology absorption and foreign exchange earnings/ outgo is attached as Annexure - 3 to this Report.

13. Particulars of Employees

Information as per Section 197 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is provided in Annexure - 4 to this Report.

The statement containing the names of top ten employees in terms of remuneration drawn and the particulars of employees as required under Section 197 (12) of the Companies Act, 2013 read with Rule 5 (2) of the aforementioned Rules are available for inspection at the Registered Office of the Company during business hours on any working day of the Company up to the date of 78th AGM.

14. Directors and Key Managerial Personnel

During the year, following changes took place in the Board of Directors and the Key Managerial Personnel (in the order of their occurrence):

i) The Board of Directors at its meeting held on May 21, 2018 appointed Ms. Sukanya Kripalu as an Independent Director on the Board with effect from June 1, 2018 which was approved by the shareholders at the 77th AGM held on July 26, 2018.

ii) Mr. Vinod Nambiar, resigned from the office of Director and Chairman of the Board of Directors of the Company with effect from September 1, 2018. Your Board places on record its appreciation for the outstanding contribution and guidance provided by Mr. Vinod Nambiar during his tenure as Director and Chairman of the Board.

iii) The Board of Directors of the Company appointed Mr. Mukul Deoras as the Chairman of the Board of Directors of the Company with effect from September 1, 2018.

The Board of Directors at its Meeting held on May 27, 2019 has approved a Policy on Retirement of Directors effective from April 1, 2020 which, inter alia, provides as under:

- Independent directors shall have a maximum tenure of ten (10) years on the Board of the Company consisting of maximum two terms of up to five (5) years each, as appointed under the Companies Act, 2013;

- Non-executive Directors including Independent directors shall retire on attaining the age of seventy five (75) years or on completion of ten (10) years tenure on the Board, whichever is earliest;

- Managing Director and Whole-time Director(s) shall retire as per the Company’s Policy applicable from time to time.

Accordingly, based on the recommendation of the Nomination & Remuneration Committee, the Board at its meeting held on May 27, 2019, considered and approved the following, subject to approval of shareholders:

i) Continuation of Mr. R.A. Shah and Mr. P.K. Ghosh as Independent Directors of the Company upto their present tenure i.e. July 24, 2019 and their re-appointment as Independent Directors of the Company for a second term effective from July 25, 2019 to March 31, 2020; and

ii) Re-appointment of Mr. V.S. Mehta and Dr. (Ms.) I. Shahani as Independent Directors of the Company for a second term of 5 (five) consecutive years effective from July 25, 2019 to July 24, 2024.

The Board has approved a Notice of Postal Ballot for seeking approval of the shareholders for the aforesaid continuation and re-appointment of Independent Directors.

The Company has received the necessary disclosures under the Act and SEBI Listing Regulations including declarations from all Independent Directors that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and the SEBI Listing Regulations. In the opinion of the Board, the Independent Directors fulfill the conditions specified in these regulations and are independent of the management.

Pursuant to the provisions of Section 152 of the Act, Mr. M. Chandrasekar, retires by rotation at the ensuing AGM and being eligible, has offered himself for re-appointment. The Board recommends his re-appointment.

Mr. I. Bachaalani, Managing Director, Mr. M.S. Jacob, Whole-time Director & CFO, Mr. M. Chandrasekar, Whole-time Director and Mr. K. Randhir Singh, Company Secretary & Compliance Officer are the Key Managerial Personnel of the Company in terms of Section 203 of the Companies Act, 2013.

A detailed profile of all the Directors of your Company is available on the Company website at

15. Familiarization Program

Your Company has been regularly familiarizing the Independent Directors on its Board with detailed presentations by its business functional heads on the Company operations, strategic business plans, new products and technologies. Apart from above, Independent Directors are also familiarized through various regulatory developments, change in laws. A detailed description of the familiarization programs extended to the Independent Directors during the financial year is disclosed on the Company website at

16. Policies

The Board of Directors of your Company, from time to time, has framed and revised various

Polices as per the applicable Acts, Rules,

Regulations and Standards for better governance and administration of your Company. Some of the important Policies that were framed by your Board include the following:

i) Nomination & Remuneration Policy: This policy sets the objective, terms of reference, functions and scope of the Nomination & Remuneration Committee for determining qualifications, experience, independence etc. relating to the appointment and remuneration for the Directors, Key Managerial Personnel and Senior Management employees of the Company.

ii) Corporate Social Responsibility (‘CSR’) Policy: This policy sets out the role of the CSR Committee of the Board of Directors, which includes identification of the areas where the CSR activities will be performed, evaluation of CSR activities, review the CSR spending vis-a-vis the activities implemented and monitoring the process of CSR projects/ programs of the Company.

iii) Risk Management Policy: This policy provides the framework for identification of risks of the Company, risk assessment and prioritization, loss prevention measures and other risk management measures for the Company.

iv) Related Party Transactions Policy: This policy regulates the entry into transactions between the Company and its related parties and the required corporate approvals as per the laws and regulations applicable to the Company from time to time.

v) Policy on Determination of Materiality of Event or Information: This Policy lays down the criteria for determining the materiality of an event or information of the Company for purposes of making required disclosures to the stock exchanges pursuant to the SEBI Listing Regulations.

vi) Records Management Policy: This policy establishes general guidelines for retaining, preserving and archiving important documents and information.

vii) Code of Conduct for dealing in the Company’s Securities: Pursuant to the SEBI (Prohibition of Insider Trading)

Regulations, 2015, your Company has framed a Code of Conduct on prohibition of insider trading.

viii) Dividend Distribution Policy: This policy describes the circumstances under which a Member may or may not expect a dividend and the financial parameters and internal and external factors which are considered by the Board of Directors for declaration of dividend.

17. Number of Board Meetings

During the financial year 2018-19, 5 (five) Board meetings were held. The details of the meetings are provided in the Corporate Governance Report that forms part of the Board’s Report.

18. Committees

The Board of Directors of your Company has established various Board committees to assist in discharging their duties. These include the Audit Committee, the Nomination & Remuneration Committee, the Risk Management Committee, the Stakeholders’ Relationship Committee and the Corporate Social Responsibility Committee. The Board has approved the terms of reference for each of these committees. All the committees of the Board hold their meetings at regular intervals and make their recommendations to the Board from time to time.

The broad terms of reference of the said Committees are stated in the Corporate Governance Report that forms part of the Board’s Report.

19. Annual Performance Evaluation by the Board

Pursuant to the provisions of the Companies Act, 2013 and the SEBI Listing Regulations, the Board has carried out an Annual Performance Evaluation of its own performance, the Directors individually as well as the evaluation of the working of the Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

20. Vigil Mechanism

Your Company has an effective Vigil Mechanism system which is embedded in its Code of Conduct. The Code of Conduct of your Company serves as a guide for daily business interactions, reflecting your Company’s standard for appropriate behavior and living corporate values. The Code of Conduct applies to all Colgate people, including Directors, Officers, and all employees of the Company. Even your Company’s vendors and suppliers are subject to the Third Party Code of Conduct requirements as adherence to the same, to the extent applicable, is a prerequisite for conducting business with your Company. The Code of Conduct Hotline is available on the Company website to report any concerns about unethical behavior, any actual or suspected fraud or violation of Company’s Code of Conduct. No adverse action will be taken against anyone for complaining about, reporting, participating or assisting in the investigation of a suspected violation of the Code of Conduct, unless the allegation made or information provided is found to be intentionally false. Your Company conducts various training and awareness sessions on Code of Conduct on a continuous basis. Senior Leadership Members at various occasions emphasize the importance of adherence to Company’s Code of Conduct and its ethical ways of working.

21. Public Deposits

During the financial year 2018-19, your Company has not accepted any Public Deposits under Chapter V of the Companies Act, 2013.

22. Loan, Guarantees and Investment

Particulars of loans, guarantees and investment made by the Company pursuant to Section 186 of the Companies Act, 2013 are given in the Notes to the Financial Statements.

23. Related Party Contracts & Arrangements

All related party transactions done by the Company during the financial year were at arm’s length and in ordinary course of business. All related party transactions were reviewed and approved by the Audit Committee. During the financial year 2018-19, your Company has not entered into any material related party transaction as per the SEBI Listing Regulations with any of its related parties. Disclosures pursuant to the Accounting Standards on related party transactions have been made in the notes to the Financial Statements. To regulate related party transactions, the Company has also framed a policy on related party transactions and the same is available on the Company’s website.

As there were no related party transactions which were not in the ordinary course of the business or not on arm’s length basis and also since there was no material related party transaction as stated above, disclosure under Section 134(3) (h) in Form AOC-2 of the Companies Act, 2013 is not applicable.

24. Auditors

M/s. S R B C & Co LLP, Chartered Accountants, Mumbai (ICAI Firm Registration No. 324982E/ E300003), were appointed as Statutory Auditors of the Company at the 76th AGM held on August

3, 2017, for a period of five consecutive years from the conclusion of the 76th AGM till the conclusion of the 81st AGM, subject to ratification by Members of the Company at every AGM to be held thereafter. Further, in view of the amended provisions of Section 139 of the Companies Act, 2013, notified on 7th May 2018, the Members in their 77th AGM have ratified the appointment of M/s. S R B C & Co LLP, Chartered Accountants, Mumbai (ICAI Firm Registration No. 324982E/ E300003) as Statutory Auditors of the Company for their remaining tenure i.e. upto the conclusion of the 81st AGM, without requiring yearly ratification thereof.

The Audit report for the financial year 2018-19 does not contain any qualification, reservation or adverse remarks. Further, during the financial year 2018-19, the Statutory Auditors have not reported any instances of fraud to the Audit Committee or Board as per Section 143(12) of the Companies Act, 2013.

25. Secretarial Auditor & Secretarial Audit Report

The Board had appointed M/s. S.N. Ananthasubramanian & Co., Company Secretaries in practice, to carry out the Secretarial Audit under the provisions of Section 204 of the Companies Act, 2013. The report of the Secretarial Auditor in Form MR-3 is attached as Annexure - 5 to this Report. The Secretarial Auditors’ Report for the financial year 2018-19 does not contain any qualification, reservation or adverse remarks.

26. Extract of Annual Return

The Extract of the Annual Return of the Company has been placed on the website of the Company and can be accessed at link https://

27. Business Responsibility Report

The Business Responsibility Report for the financial year 2018-19, as stipulated under Regulation 34 of the SEBI Listing Regulations is attached as Annexure - 6 to this Report.

28. Significant and Material Orders passed by the Regulators or Courts

During the financial year 2018-19, there were no significant or material orders passed by the

Regulators or Courts or Tribunals impacting the going concern status and operations of the Company in the future.

29. Compliance with Secretarial Standards

Your Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board and General Meetings and Dividends.

30. Adequacy of Internal Financial Controls

Your Company has an adequate and talented team of internal auditors that oversees the internal financial processes, policies, and recommends robust internal financial controls from time to time. These internal financial controls helps to put in place checks on the implementation of the internal financial controls, policies & procedures that are adopted by the Company for ensuring an orderly and efficient conduct of its business. These internal financial controls helps in safeguarding of assets, prevention & detection of frauds and/or errors, maintaining the accuracy and completeness of the accounting & financial records. These controls help in the timely preparation of transparent, complete and accurate financial information and statements as per the laid down accounting standards and principles. The Audit Committee of your Company evaluates the internal financial controls system periodically.

31. Acknowledgements

Your Directors wish to convey their deepest appreciation for the unstinted dedication, professionalism, commitment and resilience displayed by the Company’s employees at all levels and business partners, customers, vendors etc. Your Directors also wish to express their gratitude towards the Shareholders for their continued trust, support and confidence.

On behalf of the Board

R.A. Shah I. Bachaalani

Director Managing Director

(DIN : 00009851) (DIN : 06975320)

M.S. Jacob M. Chandrasekar

Whole-time Director & CFO Whole-time Director

(DIN : 07645510) (DIN : 07667965)

Place : Mumbai

Date : May 27, 2019