I hope you and your loved ones are safe and well!
It is that time of the year when we at Cerebra would look forward to meeting you all at a physical location, but times have changed, and it may no longer be possible to meet in person for some more time with the ongoing pandemic.
Keeping up with the digital and virtual-first era, we thought a more detailed letter would be apt to share updates regarding the Annual Report. Most of us would agree that the pandemic has taught us the value of the environment and why it is vital for businesses to be technology and pollution-conscious. While conversations on the topic have picked up steam, action is indeed the need of the hour.
We are proud to let you know that your Company is a complete E-waste recycling company. As you can see from the quarterly results, our focus is entirely on E-waste management.
The Annual Report covers the business side of things in more detail. But, we would also like to announce that we now have a full-fledged professional management team with a very senior professional heading the E-waste business. We have expanded the business to cover the entire country and have an extensive list of enviable corporates and global MNCs, some of whom are on the Fortune 500 list. This achievement has been possible because of the team's hard work, our process orientation, quality certifications and infrastructure at Narsapura.
- We have begun construction of the 3rd factory, and it will be ready by November. Once complete, we will be the largest E-waste recycler in the country.
- To provide end-to-end solutions in E-waste recycling for our customers, we are working towards setting up a gold refinery – which should be up and running by the middle of next year.
- Another area of focus is battery recycling. We are currently discussing plans to set up a plant for this, and we will share more details as we progress.
- There are exciting times ahead, indeed. Our strength is increasing by the day, both in terms of family members and customers.Our young team is extremely dedicated to achieving growth and profits.
Our future is in E-waste recycling, and the next three years we will be on an expansion path focused on increasing our market share.
This will include setting up more plants across the country and overseas to achieve a global presence.
Our sincere thanks to the Karnataka State Government and the Central Government for their support thus far. We would also like to extend our gratitude to Canara Bank, along with each of you, for your unstinted support.
Here's to a more green future!
With warm regards,