I am delighted to have the privilege of writing to you about Genus. I am gratified with the continued growth of our market share in the space of ‘smart metering’ and ‘power infrastructure’. I am more excited about the pace and scale of execution that our Company is undertaking to fulfill our unwavering aim of creating long-term shareholder value.
While the Indian economy’s and power sector’s challenges continued, we remained stimulated by our founding principles – work hard and deliver excellence with simplicity. Genus continued to widen its wings in the area of providing smart metering solutions to power T&D sector with the unique range of end-to-end smart metering solutions. Genus’s smart metering solutions are continuing to achieve the improbable results, in tackling the issue of power utilities/discoms and in improving their competency & profitability. Genus’s closed-loop smart metering solutions are also playing a key role in smart grid infrastructures and giving a boost to the efficiency of the entire power value chain. Genus plays a vital role when it comes to balancing the need for the innovative metering solution with affordable pricing.
With recent initiatives like revamped reforms-based result-linked power distribution sector scheme, UDAY scheme, ‘Integrated Power Development Scheme’, ‘Deen Dayal Upadhyaya Gram Jyoti Yojana’ Make in India, digital India, smart cities and higher budgetary allocations, the present government has created many positive waves for the industry. With the decades of experience in providing customized and top notched solutions for power transmission and distribution sector such as smart metering solutions, smart metering communications including control & automation software, smart prepayment meters and net metering solutions, Genus is uniquely positioned to cater to needs of the power sector and to become one of the largest beneficiaries of the government’s ongoing reform initiatives
While India continues to be our stronghold market, we believe that our next level of growth will also come from developing international market. Our focused international thrust is based on constant rising demand and building aspiration for the smart metering solution in identified international markets. Towards this, we are strategically geared up to capture the opportunities through our representative offices in these developing overseas markets. Looking forward, with the aggressive plans to increase our access to the domestic and international market as well, I am fully optimistic of the rapid growth of the Company in the upcoming years.
Genus has always been very particular in discharging its responsibilities toward the society specially the local community in the areas, where it is located. Genus supports various education programmes conducted in far reaching areas of the tribal belts of Rajasthan. With a view to provide basic computer knowledge to rural women to make them self-confident & self-reliant, the Company also promotes the computer training programmes in the tribal belts of Rajasthan. Toward healthcare, the Company organizes medical camps and awareness programs in remote villages of Rajasthan. The Company also supports a naturopathy center in Moradabad, which is established to deliver holistic services for healthy life to every class of people at subsidized rates.
I personally believe that our accomplishments would have never been possible without the never-compromised honesty & integrity and long-term association of our management team. While I am very thankful to our senior management team, I am even more grateful to our executive, shopfloor & on-field team for the successful execution of our plans and for the fair & friendly culture that has embedded in Genus. I honestly consider our personnel as our good fortune.
Special thanks to our amazing group of long-term shareholders & stakeholders who have supported us and encouraged us for our long-term approach to business. I promise them for the next phase of superlative growth in the coming years.