Message from the Chairman and CFO

Message from the Chairman and CFO

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