corporate presentation meet/102742_20140130.pdf2014/01/30 · corporate presentation january 2014...
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Corporate PresentationCorporate PresentationCorporate PresentationCorporate PresentationJanuary 2014January 2014January 2014January 2014
Company Snapshot 2013Company Snapshot 2013Company Snapshot 2013Company Snapshot 2013Company Snapshot 2013Company Snapshot 2013Company Snapshot 2013Company Snapshot 2013
Custom Custom Custom Custom MoldingMoldingMoldingMolding
46%46%46%46%
Building Building Building Building ProductsProductsProductsProducts
45%45%45%45%
TextileTextileTextileTextile
9% 9% 9% 9%
● Introduced prefab structures like school, toilet, primary health center, agri-shedstelecom shelters, etc
● Presence in USA, Europe and North Africa
●Acquired companies to gain technology and customers
●Designed and introduced Monolithic
● Construction in India to address mass and low cost housing needs
●Niche market: Focus on high end structured dyed yarn fabrics
●Alliances with various European design houses like Armani, Hugo, etc.
● Products molded and fabricated to OEMs across market segment like aerospace & defense, automotive, electrical.
IndiaIndiaIndiaIndia OverseasOverseasOverseasOverseas Storage TanksStorage TanksStorage TanksStorage TanksPrefabPrefabPrefabPrefab MonolithicMonolithicMonolithicMonolithic
●Make popular liquid storage tanks, doors, windows, profilrs, frames, pallets, etc.
10.61 12.98 2.709.73 10.29 4.73
21% 25% 5.30%19% 20% 9%
21% 9% 14%10% 23% 5%
19% 7.03% 10%19% 18% 21%
FY13 Revenue (Rs Bn)
Revenue Contribution%FY09-13 Rev
CAGR%FY13 EBITDA
Margin%
2Rs 51 Bn Turnover and Blended Margin @ 16.23%
Strong Growth Opportunity on the Back of Significant Mass (Low Cost) Housing DemandStrong Growth Opportunity on the Back of Significant Mass (Low Cost) Housing DemandStrong Growth Opportunity on the Back of Significant Mass (Low Cost) Housing DemandStrong Growth Opportunity on the Back of Significant Mass (Low Cost) Housing Demand
Prefab Prefab Prefab Prefab –––– High Growth, High Return High Growth, High Return High Growth, High Return High Growth, High Return BusinessBusinessBusinessBusiness
Pioneer in IndiaPioneer in IndiaPioneer in IndiaPioneer in India� Pioneered Prefab Segment in India
� Comprises 19.5% of FY13 consolidated Sintex revenues
� Growth of 25% in First half of FY14
� EBITDA margin of 19.0% in FY13
� Product Range: Healthcare centres , schools & public administration buildings, Project & site offices, Residential units for long-gestation projects, Sanitation, Shelters for defense
Sintex PositioningSintex PositioningSintex PositioningSintex Positioning
� High return segmentHigh return segmentHigh return segmentHigh return segment‒ Capex required is low‒ Robust cash flows & margins
� Dominant Prefab player in IndiaDominant Prefab player in IndiaDominant Prefab player in IndiaDominant Prefab player in India‒ Integrated turnkey solutions‒ Ability to manufacture large structures eg. walls, factory
buildings etc.� Quick Quick Quick Quick turnaround and low costturnaround and low costturnaround and low costturnaround and low cost
‒ Five production facilities, each in North, South, East, West and Central parts of India; one under construction
‒ Does not need any regular maintenance spend� Pan-India PresencePan-India PresencePan-India PresencePan-India Presence
‒ Product approval from several state governments‒ Wide dealer distribution network
� Relatively immune to slowdown in government decision making due to small project size of c.US$18,000 on an average
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Macro Growth Drivers: Basic Social & Agri Related SectorsMacro Growth Drivers: Basic Social & Agri Related SectorsMacro Growth Drivers: Basic Social & Agri Related SectorsMacro Growth Drivers: Basic Social & Agri Related Sectors
Prefab Prefab Prefab Prefab –––– Elementary Sectors Driving Elementary Sectors Driving Elementary Sectors Driving Elementary Sectors DrivingGrowthGrowthGrowthGrowth
Source: (1) Kaizen Education Report Update 1.4; (2) Sarva Siksha Abhiyan, GOI 2012-13; (3) Economic Times , 16-Mar-2012 ;Sanitation in India: Progress, Differentials, Correlates, and Challenges. ADB, May 2009; (5) Bhaskar, T.M. Vijay, Joint Secretary, India Department of Drinking Water Supply. 2009. Sustaining the Sanitation Revolution:India Country Sanitation Status; (6) “Prefabricated Housing: A Global Strategic Business Report” by Global Industry Analysts Inc., 2011-12; “Nonresidential Prefabricated Building Systems: A Global Strategic Business Report” by Global Industry Analysts Inc., 2010; (7) “Nonresidential Prefabricated Building Systems” by Freedonia Group, 2011; (8) RIDF – Genesis, Review and Progress, NABARDNote: US$ 1 = INR 55
� Additional capacity for school for 142 million children needed immediately(1)
� The Sarva Shiksha Abhiyan (‘SSA’) is the Government of India's (GOI) flagship elementary education program(2)
� Government’s budget for SSA has more than doubled from US$1.3bn in FY06 to US$3.8bn in FY12 (2)
‒ 36% of budget is directed at building classroom infrastructure (2)
EducationEducationEducationEducationEducationEducationEducationEducation
� National Rural Health Mission (‘NRHM’) is a program for increasing penetration of healthcare services in rural India� NRHM allocation increased c.15% to US$3.8bn in FY13 (3)
� Prefab structures are a quick and low maintenance way of providing healthcare infrastructure in rural locationsHealthHealthHealthHealthHealthHealthHealthHealth
� An estimated 55% of all Indians, or c. 600 million people, still do not have access to any kind of sanitation facility(4)
‒ 74% of rural population still uses open spaces(4)
� Government under its “Total Sanitation Campaign” plans to build 57mn household sanitation units (4)
‒ In addition to state allocation funds, Government’s XIth 5-year plan allocated US$1.6bn for urban sanitation projects(5)
SanitationSanitationSanitationSanitationSanitationSanitationSanitationSanitation
� Global prefabricated housing market: 757,000 units by 2015(6)
� Global non-residential prefabricated building systems market: US$ 45bn by 2015(6)
� Demand for non-metal prefabricated buildings is estimated to increase to US$8.5bn by 2012 (7)
ConstructionConstructionConstructionConstructionConstructionConstructionConstructionConstruction
� Lack of warehousing facility leads to post-harvest loss of produce� Rural Infrastructure Development Fund created for investment in Agri-infra
‒ Outlay for funding warehousing projects increased from US$363mn in FY12 to US$909mn in FY13(8)
WarehousingWarehousingWarehousingWarehousingWarehousingWarehousingWarehousingWarehousing
4
Custom Custom Custom Custom Moulding Moulding Moulding Moulding –––– Diversified Play Diversified Play Diversified Play Diversified Play
Business OverviewBusiness OverviewBusiness OverviewBusiness Overview
Wide International PresenceWide International PresenceWide International PresenceWide International Presence………… Geographically Diversified Geographically Diversified Geographically Diversified Geographically Diversified
Growth StrategyGrowth StrategyGrowth StrategyGrowth Strategy
� Revenue contribution of 46% (FY13)
� Wide product portfolio catering to automotive, electrical , Aerospace & Defense, Mass Transit, Medical Imaging, Industrial trucks & tractors and retail segments
– Ability to manufacture customized components
� High brand recall and acceptability throughout India
� Locational advantage – presence in four continents and nine countries with low-cost manufacturing base
Growing high margin India businessGrowing high margin India businessGrowing high margin India businessGrowing high margin India business
� Sintex has made various domestic and overseas acquisitions, to acquire technologies and gain access into new markets
� Strategic direction is provided by Sintex, while operations managed by pre-acquisition teams
� Achieved significant improvement in the performance of the acquired cos.
� Integrating high capability international operations with low cost Indian base
� Opportunities to cross-sell – successfully converted key clients
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FY10FY10FY10FY10
Overseas
Wide Presence And Access To Marquee Clients To Drive Future GrowthWide Presence And Access To Marquee Clients To Drive Future GrowthWide Presence And Access To Marquee Clients To Drive Future GrowthWide Presence And Access To Marquee Clients To Drive Future Growth
Custom Custom Custom Custom Moulding Moulding Moulding Moulding –––– Differentiated Play Differentiated Play Differentiated Play Differentiated Play Well Poised to Capture Significant GrowthWell Poised to Capture Significant GrowthWell Poised to Capture Significant GrowthWell Poised to Capture Significant Growth
Integrated operations from fabrication,
assembly, prototyping and R&D
Synergy across regions and products
B2B business with Fortune 500 companiesDiversified presence
across sectors. reduces the
dependence on few segments
1111
2222
3333
44445555
Synergies driving growth
Sintex Sintex Sintex Sintex PositioningPositioningPositioningPositioning
Global delivery from India - Already started
with clients like Schneider
Servicing well-known customers within
each sector
Continued shift towards composite
- Cost effective- Zero maintenance
Leverage customer relationships,
technology, ProcessesGrowing consumption of composites globally
Future Future Future Future Growth Growth Growth Growth DriversDriversDriversDrivers
11112222
3333
44445555
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Measures for Measures for Measures for Measures for Driving Synergy Benefits Driving Synergy Benefits Driving Synergy Benefits Driving Synergy Benefits
� Bought 8 companies in the Custom Moulding segment between FY08 & FY09 for technology and client acquisitions
� The acquisition targets themselves were turned around by Sintex and have witnessed strong growth and margin expansion
Acquisition Acquisition Acquisition Acquisition Strategy has resulted in healthy growth and leveraging synergiesStrategy has resulted in healthy growth and leveraging synergiesStrategy has resulted in healthy growth and leveraging synergiesStrategy has resulted in healthy growth and leveraging synergies
Acquisition StrategyAcquisition StrategyAcquisition StrategyAcquisition Strategy
Shifted manufacturing Shifted manufacturing Shifted manufacturing Shifted manufacturing to low costto low costto low costto low cost
� Pre-acq: France was key manufacturing hub� Present: Manufacturing has also spread to low
cost destinations such as Hungary and Slovakia
Reduced dependence on Reduced dependence on Reduced dependence on Reduced dependence on auto sectorauto sectorauto sectorauto sector
� Pre-acq: Majorly auto business� Present: Diversified with Aerospace & Defense
Transferred low value Transferred low value Transferred low value Transferred low value products to Indiaproducts to Indiaproducts to Indiaproducts to India
� Low value added product now made in India� Nief focusing on manufacturing high value
products, leading to margin improvement in both India & Europe
Global cross-sellingGlobal cross-sellingGlobal cross-sellingGlobal cross-selling� Currently pulling clients from Europe to India� Future plan to work internally for multinational
clients in India
Global CM has Seen Robust Revenue GrowthGlobal CM has Seen Robust Revenue GrowthGlobal CM has Seen Robust Revenue GrowthGlobal CM has Seen Robust Revenue Growth
India CM has grown at a CAGR of 21% India CM has grown at a CAGR of 21% India CM has grown at a CAGR of 21% India CM has grown at a CAGR of 21%
Successful Acquisitions (Custom Moulding)Successful Acquisitions (Custom Moulding)Successful Acquisitions (Custom Moulding)Successful Acquisitions (Custom Moulding)
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� Diversifying Application base like Electrical, Medical, Aerospace etc� Diversifying Manufacturing Processes like Compression, 3D Blow
molding, 2K Molding, Machine Shaping and Material science like Liquid silicon rubber, BMC, SMC and DMC etc.
� Acquire customers like Faurecia, Schneider, Areva, ABB, Johnson Control, Legrand
� Gain foothold in Mass Transit, Off Road Vehicles and Wind Turbine segment
Bright to gain through Syngergies with Nief and WasaukeeBright to gain through Syngergies with Nief and WasaukeeBright to gain through Syngergies with Nief and WasaukeeBright to gain through Syngergies with Nief and Wasaukee
Custom Molding Products PortfolioCustom Molding Products PortfolioCustom Molding Products PortfolioCustom Molding Products PortfolioCustom Molding Products PortfolioCustom Molding Products PortfolioCustom Molding Products PortfolioCustom Molding Products Portfolio
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Aerospace & Defense, Automotive, Electricals, Medical imaging, Mass Transit, Industrial truck n tractors, Wind energyAerospace & Defense, Automotive, Electricals, Medical imaging, Mass Transit, Industrial truck n tractors, Wind energyAerospace & Defense, Automotive, Electricals, Medical imaging, Mass Transit, Industrial truck n tractors, Wind energyAerospace & Defense, Automotive, Electricals, Medical imaging, Mass Transit, Industrial truck n tractors, Wind energy
ElectricalElectricalElectricalElectrical
AutoAutoAutoAuto
ConsumerConsumerConsumerConsumer
legrandlegrandlegrandlegrand
Marquee Global Clientele Driving Cross-border Marquee Global Clientele Driving Cross-border Marquee Global Clientele Driving Cross-border Marquee Global Clientele Driving Cross-border SynergiesSynergiesSynergiesSynergies
9
Global PresenceGlobal PresenceGlobal PresenceGlobal Presence
Prefab
Custom Moulding
Monolithic
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35 35 35 35 Plants Spread Across 9 Countries and Plants Spread Across 9 Countries and Plants Spread Across 9 Countries and Plants Spread Across 9 Countries and 4 4 4 4 ContinentsContinentsContinentsContinents
USAUSAUSAUSA Wausaukee
Gillett
Cuba cityOwossoWisconsinWisconsinWisconsinWisconsin
MichiganMichiganMichiganMichigan
Kalol
Baddi
Salem
NagpurDaman
Bhachau
Chennai
Bangalore
PuneNasik
Gurgaon
Kolkata
Leveraging Global Manufacturing Leveraging Global Manufacturing Leveraging Global Manufacturing Leveraging Global Manufacturing BasesBasesBasesBases
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TunisiaTunisiaTunisiaTunisiaMoroccoMoroccoMoroccoMorocco
SEGASEGASEGASEGA PlastPlastPlastPlast
NIEF NIEF NIEF NIEF PlasticPlasticPlasticPlastic
SICMOSICMOSICMOSICMO
NP SavoieNP SavoieNP SavoieNP Savoie
AIPAIPAIPAIP
NP NordNP NordNP NordNP Nord
NP VosgesNP VosgesNP VosgesNP Vosges
SIMOPSIMOPSIMOPSIMOP
PolandPolandPolandPolandGermanyGermanyGermanyGermany
ThermodoleThermodoleThermodoleThermodole
SlovakiaSlovakiaSlovakiaSlovakiaHungaryHungaryHungaryHungary
Business OverviewBusiness OverviewBusiness OverviewBusiness Overview
� Early entrant in monolithic concrete construction in India (2005)
– Leading Indian player
� Revenue contribution of 20% (FY13)
– EBITDA contribution of 23% (FY13)
� Offers holistic solutions comprising engineering, designing, drawing and manufacturing
� Unlocked significant working capital in FY13
Deleveraged the business over last 1 yearDeleveraged the business over last 1 yearDeleveraged the business over last 1 yearDeleveraged the business over last 1 year
Monolithic Monolithic Monolithic Monolithic –––– Leading the ChangeLeading the ChangeLeading the ChangeLeading the Change
Select Key CustomersSelect Key CustomersSelect Key CustomersSelect Key Customers
Puducherry Slum Clearance Board
Amdavad Municipal Corporation
Lucknow Development Authority
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Monolithic Monolithic Monolithic Monolithic –––– Competitive Advantage Competitive Advantage Competitive Advantage Competitive Advantage
USPsUSPsUSPsUSPsUSPsUSPsUSPsUSPs
� Lower cost: Cheaper than conventional construction methods� Lower cost: Cheaper than conventional construction methods
� Faster execution� Faster execution
� Established L1 competitiveness� Established L1 competitiveness
� Ranked as best low-cost housing technology by Center for Environmental Planning and Technology (‘CEPT’)
� Ranked as best low-cost housing technology by Center for Environmental Planning and Technology (‘CEPT’)
� In-house manufacturing of formwork, provides significant cost advantage� In-house manufacturing of formwork, provides significant cost advantage
� Capacity to deliver across multiple projects� Capacity to deliver across multiple projects
� Highly experienced project team� Highly experienced project team
� Experience of liasioning with govt. agencies and state housing boards, to acquire accurate market knowledge
� Experience of liasioning with govt. agencies and state housing boards, to acquire accurate market knowledge
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Operational HighlightsOperational HighlightsOperational HighlightsOperational Highlights� Executing the single largest township development project in Delhi
(600 units)
� Successfully forayed into new geographies - Pondicherry, parts of Rajasthan and Uttar Pradesh
� Moving up the value chain in the monolithic segment by undertaking housing projects for MIG and HIG
� Increasing exposure from housing boards, defense, police and private sector
� Increasing business volume by undertaking G + 7/G+13 housing projects against G +4 projects built earlier
� Dualtech houses comprising of monolithic concrete walls and new generation roofing facilitates tapered roof houses of the highest quality
Well-positioned to Capitalize on the Market OpportunityWell-positioned to Capitalize on the Market OpportunityWell-positioned to Capitalize on the Market OpportunityWell-positioned to Capitalize on the Market Opportunity
Market OpportunityMarket OpportunityMarket OpportunityMarket Opportunity� Demand considerably higher than industry capacity(1)
� Significant unmet demand - total housing shortage estimated to be c. 27mn houses by 2012-end(1)
– Over 99% to be in EWS and LIG segments
– Largest shortage for EWS and LIG homes in the world
� Monolithic concrete construction ideal for mass housing
Source: Source: Source: Source: (1) “Affordable Housing in India”, 2012 by Jones Lang LaSalle
Demand-Supply Dynamics of Housing for Various Income Demand-Supply Dynamics of Housing for Various Income Demand-Supply Dynamics of Housing for Various Income Demand-Supply Dynamics of Housing for Various Income GroupsGroupsGroupsGroups(1)(1)(1)(1)
(Sha
re o
f Dem
and/
Supp
ly)
Cost
of U
nit (
INR
’000
)
High demand-supply gap for residential units
High demand-supply gap for residential units
Monolithic Monolithic Monolithic Monolithic –––– Significant Value Potential Significant Value Potential Significant Value Potential Significant Value Potential(Zero maintenance, (Zero maintenance, (Zero maintenance, (Zero maintenance, ¼¼¼¼ Project time, Eco-friendly, Low dead Weight with Better Finish and Strength) Project time, Eco-friendly, Low dead Weight with Better Finish and Strength) Project time, Eco-friendly, Low dead Weight with Better Finish and Strength) Project time, Eco-friendly, Low dead Weight with Better Finish and Strength)
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Prefab Prefab Prefab Prefab Custom Custom Custom Custom Moulding Moulding Moulding Moulding Monolithic Monolithic Monolithic Monolithic Textile Textile Textile Textile
Growth Growth Growth Growth DriversDriversDriversDrivers
� Increasing Govt. spending on rural infrastructure, education, health, sanitation and defence
� Shift towards composites from metals
� Operational efficiency with weight reduction
� Weather resistant� Chemically inert and high
electrical insulation
� Higher spending by the Government on mass housing projects to meet huge shortage (>50mn houses)
� Participation with private sector
� Slum rehabilitation
� Differentiated high quality products
� Low fixed cost of operation� Clients include Armani,
Burberry, Zara, Marco Polo, etc.
Competitive Competitive Competitive Competitive Advantage Advantage Advantage Advantage
� Logistics edge due to factories across India
� Wide product portfolio� Ability to service diverse market
segments
� Clientele includes several Fortune 500 companies
� Better technology� Penetration among OEMs� Servicing 4 continents� Low-cost manufacturing
� Faster implementation � Cost competitive
� Focus more on quality than volume
� Relationship with leading fashion houses
� Flexibility to cater to small volumes as well as bulk orders
Near-term Near-term Near-term Near-term StrategyStrategyStrategyStrategy
� Warehousing and agri-shed products – fast growing categories
� Geographic expansion in remaining states & difficult terrain
� Leveraging acquisition related synergies by servicing global clients from India
� Immediate concentration towards business from pedigreed clients and short payment cycles
� Bidding for larger projects� Joint development model
� Enlarge customer base� Continue to maintain niche
product strengths
Sintex - Future Growth DriversSintex - Future Growth DriversSintex - Future Growth DriversSintex - Future Growth Drivers
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Robust Robust Robust Robust FinancialsFinancialsFinancialsFinancials
Rapid Rapid Rapid Rapid Growth in Revenue and Stable EBITDA MarginGrowth in Revenue and Stable EBITDA MarginGrowth in Revenue and Stable EBITDA MarginGrowth in Revenue and Stable EBITDA Margin PATPATPATPAT(1)(1)(1)(1) margin of over 5% over the last 4 years margin of over 5% over the last 4 years margin of over 5% over the last 4 years margin of over 5% over the last 4 years
Higher RoCEHigher RoCEHigher RoCEHigher RoCE(1)(1)(1)(1) in the in the in the in the Growing Plastics SegmentGrowing Plastics SegmentGrowing Plastics SegmentGrowing Plastics SegmentComfortable Net Debt to Equity RatioComfortable Net Debt to Equity RatioComfortable Net Debt to Equity RatioComfortable Net Debt to Equity Ratio
Financials MetricsFinancials MetricsFinancials MetricsFinancials Metrics
Note: Note: Note: Note: (1) (1) (1) (1) The fall in PAT in FY12 is largely due a decrease in revenues from the Government, particularly from Monolithic business, the Eurozone Crisis and Rupee depreciation against US$; (2) RoCE = Profit from operations before other income, finance cost & exceptional items (divided by) Capital Employed 17
Experienced Experienced Experienced Experienced Senior ManagementSenior ManagementSenior ManagementSenior Management
� Bachelor’s degree in Commerce
� MT from the USA
� 19 years of experience in textiles, chemicals and plastics
Amit D. PatelAmit D. PatelAmit D. PatelAmit D. PatelGroup Group Group Group
Managing DirectorManaging DirectorManaging DirectorManaging Director
� Bachelor’s degree in Communications
� MBA from USA
� More than 25 years’ experience in the textile and plastic industries
Rahul A. PatelRahul A. PatelRahul A. PatelRahul A. PatelGroup Group Group Group
Managing Managing Managing Managing DirectorDirectorDirectorDirector
� B.Sc. (Hons)
� MBA from IIM Ahmedabad
� 3 decades of experience in plastics
S. B. DangayachS. B. DangayachS. B. DangayachS. B. DangayachManaging DirectorManaging DirectorManaging DirectorManaging Director
� Graduate in Engineering and MBA from IIM Ahmedabad
� 28 years of domestic and international experience in multiple industries
Sunil K. KanojiaSunil K. KanojiaSunil K. KanojiaSunil K. KanojiaGroup PresidentGroup PresidentGroup PresidentGroup President
� Graduate in Commerce and law, MBA and FCS
� Manages corporate finance, company law and Taxation
L. M. RathodL. M. RathodL. M. RathodL. M. RathodGroup Group Group Group CFOCFOCFOCFO
� Bachelor of Engineering and MBA
� Extensive experience in the field of marketing
Sanjib RoySanjib RoySanjib RoySanjib RoyCEO, PlasticsCEO, PlasticsCEO, PlasticsCEO, Plastics
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Senior Leadership for SubsidiariesSenior Leadership for SubsidiariesSenior Leadership for SubsidiariesSenior Leadership for Subsidiaries
� BS in Economics from Michigan University and active member of Society of Plastic Engineers.
� 30 years of Executive Leadership in polymer manufacturing, bio fiber composites and clean base material compounding
� Worked with JER Envirotech as President and CEO
Edward Trueman Edward Trueman Edward Trueman Edward Trueman President President President President CEOCEOCEOCEO
Wausaukee Composites IncWausaukee Composites IncWausaukee Composites IncWausaukee Composites Inc., USA., USA., USA., USA
� Graduated from IAE University at Lyon
� Managed family business since 1973
� President of Regional French Plastic Industry
Gilles Gilles Gilles Gilles Nief Nief Nief Nief President President President President CEOCEOCEOCEO
Nief Nief Nief Nief Plastic SAS, FrancePlastic SAS, FrancePlastic SAS, FrancePlastic SAS, France
� Mechanical Engineer and Management Graduate
� Managing Bright Brother Auto Plastic business since 1970
Indru G Advani Indru G Advani Indru G Advani Indru G Advani President President President President CEOCEOCEOCEO
Bright Bright Bright Bright AutoPlastAutoPlastAutoPlastAutoPlast Ltd., IndiaLtd., IndiaLtd., IndiaLtd., India
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VisionVisionVisionVision
StrategyStrategyStrategyStrategy
Going ForwardGoing ForwardGoing ForwardGoing ForwardGoing ForwardGoing ForwardGoing ForwardGoing Forward
Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range Sintex aims to be Global market leader across its product range and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by and strive to achieve USD2 Billion Top line by 2015-16 2015-16 2015-16 2015-16 2015-16 2015-16 2015-16 2015-16
Focus on sectors of economic developmentFocus on sectors of economic developmentFocus on sectors of economic developmentFocus on sectors of economic developmentFocus on sectors of economic developmentFocus on sectors of economic developmentFocus on sectors of economic developmentFocus on sectors of economic developmentPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunitiesPursue both Organic and In organic growth opportunities
Follow Technology and Global clients across the worldFollow Technology and Global clients across the worldFollow Technology and Global clients across the worldFollow Technology and Global clients across the worldFollow Technology and Global clients across the worldFollow Technology and Global clients across the worldFollow Technology and Global clients across the worldFollow Technology and Global clients across the world
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THANK YOUTHANK YOUTHANK YOUTHANK YOU