Investor Information

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INVESTOR INFORMATION

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TTK Prestige Limited, the pressure cooker major is on the path of bringing about total transformation encompassing all its facets and thus bring about enhancement in long term shareholder value. The company has engaged external management consultants to bring about organisational transformation and to build up long range plan which amongst others involves substantial expansion of the product range in the domestic appliances segment and extension of the Prestige brand across the product category. The company has already extended “Prestige” brand to Flasks and Gas Stoves which are being well received in the market. The other products in the range of domestic appliances are being actively examined.

The transformation process includes the following:

People Development.
Orientation towards faster customer-centric product development and responding to market dynamics, both domestic and exports, as a result of increasing external liberalization.
In line with the above bring greater flexibility in manufacturing & sourcing so as to be in tune with market requirements.
Structural correction in working capital cycle.
Looking for value adding opportunities involving acquisitions, alliances and partnerships.
Divesting non-core/unrelated assets.
Optimum utilisation of concurrent information technology.
More dynamic communication to shareholders.

For the year ended 31^st March, 2000 the company has achieved a total income of Rs.140 crores as compared to Rs.147 crores in the previous year.