2007-08 - Aditya Birla Nuvo, Ltd

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SHAREHOLDER INFORMATION9. Shareholders of the Company, who have multiple accounts in identical name(s) or holding morethan one Share Certificate in the same name under different Ledger Folio(s), are requested to applyfor consolidation of such Folio(s) and sent the relevant Share Certificates to the Company.10. Section 109A of the Companies Act, 1956, extends nomination facility to individuals holding sharesin physical form in companies. Shareholders, in particular, those holding shares in single name, mayavail the above facility by furnishing the particulars of their nominations in the prescribed NominationForm, which can be downloaded from the website of the Company or obtained from the ShareDepartment of the Company by sending written request through any mode including E-mail onabnlsecretarial@adityabirla.com.11. Shareholders are requested to visit the Company’s website www.adityabirlanuvo.com for —• Information on investor services offered by the Company.• Downloading of various forms/formats, viz., Nomination Form, ECS Mandate Form, Indemnity,Affidavits, etc.12. Shareholders are requested to give their valuable suggestions for improvement of the Company’sinvestor services.(56)
DIRECTORS’ REPORT TO THE SHAREHOLDERSDear Shareholders,Your Directors are pleased to present the 51 st Annual Report together with the Audited Accounts of theCompany for the year ended 31 st March, 2008.Your Company has taken many strategic steps during the year to strengthen its financials and to achieve allroundgrowth across all the businesses. The focus during the year was:‣ To accelerate growth in existing circles of Idea through widening of network and expediting roll out inother circles on receipt of spectrum.‣ To regain market share in the Financial Services businesses through expansion of distribution reach.‣ To execute integration of Transworks-Minacs and build global delivery capacities towards profitablegrowth, amidst challenges of US Dollar weakening.‣ To build sizeable world class presence in Apparel Retailing.‣ Expanding capacities in various Value Businesses to capitalise on the growth opportunities besidesoptimum utilisation of the resources.FINANCIAL PERFORMANCEAs a result of these initiatives, your Company has posted growth-oriented results during the year. YourCompany’s consolidated revenues crossed USD 3 billion mark during the year registering a year-on-yeargrowth of 45% to Rs. 12,134 Crores from Rs. 8,366.8 Crores.The Company’s consolidated net profit at Rs. 150.8 Crores is, however, lower by 46% during the year, againstRs. 280.9 Crores attained in the preceding year largely on account of gestating impact of growing share ofnew business premium in Life Insurance business. Without Life Insurance business, consolidated net profithas grown up by 25% to Rs. 480.3 Crores from Rs. 384.3 Crores.The standalone revenues of your Company grew by 15% to Rs. 3,924.2 Crores vis-à-vis Rs. 3,420.5 Crores inthe previous year. The standalone net profit rose by 8% to Rs. 243.1 Crores from Rs. 225 Crores in the previousyear.OPERATIONAL REVIEWAll the businesses are on high growth trajectory and have contributed significantly to your Company’sgrowth.1. TelecomIdea Cellular Limited (IDEA), your Company’s telecom venture, added about 10 million subscribers duringthe year to reach 24 million subscribers as on 31 st March 2008, registering a 71% rise over last year’ssubscriber base. The all-India market share has improved to 9.4% from 8.6%. The Company more thandoubled its net profit to Rs. 1,042.3 Crores from Rs. 502.2 Crores.2. Financial ServicesLife InsuranceIn the Life Insurance business, new business premium income grew by 123% to Rs. 1,965 Crores on theback of expanded reach and innovative product launches. Consequently, Birla Sun Life Insurance CompanyLimited improved its market share amongst private players to 6.6% during the year up from 5.3% in thelast year.Consequent to intensification of distribution channel and growing share of new business, net lossincreased to Rs. 445.3 Crores from Rs. 139.7 Crores.Asset ManagementYour Directors are pleased to inform that Birla Sun Life Asset Management Company Limited (BSLAMC)has won the “Mutual Fund House of the Year” award besides wining 5 awards in other categories organisedby CNBC TV-18 and Crisil. It also bagged 4 Lipper and 2 ICRA awards for superior fund performance.(57)
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Mr. G. D. Birla and Mr. Aditya Birl
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THE CHAIRMAN’S LETTER TO SHAREHOL
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Page 9 and 10: ADITYA BIRLA NUVO LIMITEDBOARD OF D
Page 11 and 12: FINANCIAL HIGHLIGHTS - STANDALONERs
Page 13 and 14: MANAGEMENT’S DISCUSSION AND ANALY
Page 33 and 34: CORPORATE GOVERNANCE REPORTGovernan
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Page 43 and 44: SOCIAL REPORTTranscending BusinessS
Page 45 and 46: SOCIAL REPORTMaking a difference -
Page 47 and 48: ENVIRONMENT REPORTElements for the
Page 49 and 50: SHAREHOLDER INFORMATION6c. Domestic
Page 51 and 52: SHAREHOLDER INFORMATION12. Share Tr
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Page 55 and 56: SHAREHOLDER INFORMATION21. Per Shar
Page 57: SHAREHOLDER INFORMATIONAccordingly,
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Page 77 and 78: AUDITORS’ REPORT TO THE MEMBERSAn
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Page 81 and 82: PROFIT & LOSS ACCOUNT FOR THE YEAR
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Page 85 and 86: SCHEDULESRs. CroresAs atAs atFace V
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Page 89 and 90: SCHEDULESRs. CroresYear EndedYear E
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SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CASH FLOW STATEMENT FOR THE YEAR EN
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AUDITORS’ REPORT ON THE CONSOLIDA
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CONSOLIDATED PROFIT & LOSS ACCOUNT
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SCHEDULES FORMING PART OF CONSOLIDA
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CONSOLIDATED CASH FLOW STATEMENT AS
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ANNEXURE ‘1’ OF STATEMENT PURSU
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STATEMENT PURSUANT TO SECTION 212(8
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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