Dear Stakeholders,
Since its inception twenty years ago, Satish Sugars Ltd. has consistently produced great performance. I am happy to note that the company has registered a robust growth in the year 2019-20 as well and this has paved the way for higher expectations for the years ahead.

We owe our success to the dedicated efforts of all staff, the cooperation of all our customers, financial institutions, cane growers and the prudence guidance provided by the board of management and the Founder Chairman.

We believe Satish Sugars Ltd.(SSL) and Belgaum Sugars Ltd (P) (BSPL)have the potential to reach even higher goals and I assure you that all efforts are being made in this direction. Since capacity augmentation is always on our radar, we have given increased thrust to sugarcane development programme to further increase the sugarcane cultivation area. Additional land is being regularly brought under cultivation and importance is given to increase ‘per acre productivity’ and higher sugar recovery.

There is a lot of churning happening within the organization too. We are focusing on issues such as performance and sustainability and capacity building of staff.

Like the saying ‘only growth begets growth’, unless we focus on growth, nothing much can be achieved. Keeping this view in mind and to realize its organizational goals, SSL and BSPL are setting higher targets of Crushing, recovery achievement Cutting down cost of Production and moving towards being a zero long term debt Company.

I am hopeful that the year 2020-21 will be yet another successful year for SSL & BSPL and all our staff will contribute to the success of the group with the same level of dedication and commitment.

Pradeepkumar M Indi
Chairman and CFO

Dear Stakeholders,
Satish Sugars Ltd. echoes the aspirations of millions of rural Indians. It was established in a small taluk by Shri Satish Jarkiholi, a first generation entrepreneur and visionary leader. The spark was simple – his steadfast commitment for societal development. SSL was born when he hit upon the idea of using employment generation as a tool for social transformation.

FFew companies in India have made so many giant strides in such a short span of time like Satish Sugars Ltd. The Company has leapfrogged from a processing capacity of less than 100 TCD to 10000 TCD in a matter of sixteen years. It has also built a distillery unit with 60 KLPD and a cogeneration unit with a capacity of 31 MW. SSL is launching on the cusp of launching two more sugar factories with a combined capacity of 7000 TCD. Efforts are also on to increase the processing capacity of the existing plant to 15000 TCD. The story is inspiring enough for any rural Indian to take the path of entrepreneurship.

The company has remained farmer-centric right from its inception. We have taken steps to give every support to the farmers. Our measures such as providing loans for purchase of seeds and fertilizers, technical guidance and training, etc. have been appreciated by the farming community. Besides farmers, we are also committed to deliver long term and sustainable value to our staff, customers and shareholders.

The company is built on the bedrock of quality and performance and social and ethical values. We aim to inculcate these values in our workforce too. At Satish Sugars, commitment and performance are suitably rewarded. Most of the today’s top managers have grown with the company.

I believe Satish Sugars Ltd. will reach many more new milestones in the future both in terms of growth as well as responsibility towards the society.

Yours truly,
Ms. Priyanka Jarkiholi
Managing Director