ECOLETTER- April '24

1) Founder's Message

?? Econovus Packaging had a transformative FY2024! We're thrilled to announce that we'll be achieving carbon neutrality in coming months?? as promised, marking a significant milestone in our commitment to environmental sustainability. The acquisition of a major Automotive OEM customer ?? and the expansion of our manufacturing capabilities ?? through a state-of-the-art plant have been key drivers of our phenomenal revenue and profitability growth ??.

We've also strengthened our team by adding industry experts ??, further solidifying our position in the market. Employee development remains a top priority, with comprehensive training programs ?? and engaging town hall meetings ??? fostering a culture of continuous learning and growth within our organization.

?? To achieve our long-term vision of becoming India's number one industrial packaging company, we've introduced the ambitious 3X2Y strategy. This strategy aims to triple our revenue within the next two years, and we've aligned all our efforts and initiatives accordingly. With a clear roadmap in place, we're poised to accelerate our growth trajectory and solidify our position as an industry leader. ??

?? In line with our expansion plans, we're venturing into automobile logistics to offer comprehensive services covering inbound and outbound logistic consolidation, CKD consolidation, ocean freight, and vehicle assembly. Our goal is to penetrate the automotive logistics space, providing end-to-end solutions to our clients. By diversifying our offerings and tapping into new markets, we're set to meet the evolving needs of the automotive industry and drive sustainable growth. ??

A heartfelt thank you to our shareholders, stakeholders, and employees for your unwavering support and dedication! ?? Together, we'll continue to deliver value, drive innovation, and make a lasting impact on society and the environment. #EconovusSuccess #SustainabilityLeadership ??

2) Life Cycle Assessment

Life Cycle Assessment is the method that evaluates the environmental impact over its entire life cycle.

LCA has a Cradle gate & Cradle Grave analysis technique to assess environmental impacts associated with all the stages of the product’s life, from Raw material extraction through operations, logistics, actual consumption & recycling.

As the First step towards LCA, we are calculating & managing Cradle to Gate & further committed for Cradle to Grave with all stakeholders.

3) Cultural Engagements

?? At Econovus Packaging, we believe in celebrating our team members' milestones and fostering a strong sense of camaraderie! ?? Employee birthdays are a big deal here – we go all out with complete celebrations to make each individual feel valued and appreciated. ?? Additionally, we love to bond outside the office through fun team-building activities like playing turf cricket! ?? These moments of laughter and friendly competition strengthen our connections and make our workplace feel like a second home. ???? #TeamBonding #WorkHardPlayHard ??

4) Automobile Packaging Engineering Advancement

?? Econovus Packaging's latest innovation has made a significant impact in the automotive industry! ?? Our cutting-edge solution has enabled a leading automotive company to save approximately 22 containers, amounting to nearly 1.37 Cr Rs annually. ???? This remarkable achievement not only highlights the effectiveness of our innovation but also underscores our commitment to providing tangible value to our clients. ?? We're proud to continue driving efficiency and cost savings for our partners through innovative solutions tailored to their needs. ?? #InnovationSuccess #DrivingEfficiency ???