DIRECTORS

Name :	Mr. Ratnakar Manikrao Gutte
Designation:	Chairman and Managing Director
Profile :	Mr. Gutte brings in twenty years of rich experience in project-execution i.e. fabrication, erection testing and commissioning of power plants. He started his career in the power sector, working as a helper to a contractor engaged in rendering contractor-ship services to the State Electricity Board and he grew to the present rank by virtue of his sheer hard work and great insight. Being a first-generation starter, with his working knowledge of engineering, finance, banking, taxation, general management and commercial matters, he empowered the company with the necessary direction for growth and vision. He has skillfully nurtured the company since its inception and has established it as one of the leading companies specialized to undertake work on thermal power plants. His key strength is delivering qualitative and timeiy services. His forte is strong liaisoning in the industry. Recently, he was honoured with the "Lifetime Udyog Achievement Award 2004" and "Great Achiever in Industrial Excellence Award2004" by EGSI and IOCI respectively.
Name :	Mrs. Sudhamati Ratnakar Gutte
Designation:	Executive Director
Profile :	Mrs. Gutte has more than fourteen years of working experience looking after the overall management and administration of the company since its inception. She has been assisting the Managing Director since the inception of the company and has immensely contributed in the growth ;of the business via her key strengths like team-building, motivation and managing administration and back-office functions. She is equally responsible for nurturing the organization to its present status.
Name :	Mr. Vijay R. Gutte
Designation:	Director (Finance)
Profile :	Mr. Gutte 23 Years, a post graduate in MBA, specialization is marketing and Finance. He is a fresher having the best of knowledge in the specialized field, has worked on many important projects in the field of Banking, financial, institution, airline industry, taxes in India and many more.His strengths are team building leadership qualities, dedication towards work and getting new working style in the company.
Name :	Mr. Sunil Ratnakar Gutte
Designation:	Joint Managing Director
Profile :	Mr. Gutte joined the company as a management trainee, armed with a degree in Mechanical Engineering from Pune, Maharashtra, To hone his skills; he underwent rigorous training at BHEL's Welding Research Institute in TiruchirapaUi on Welding Technology. He also completed an intensive training programme in project management from KM, Ahmedabad, to have a broader perspective of the functioning of the company. By virtue of his zeal and creativity, sound inter-personal relations and effective ability to motivate members of the Board on one hand and the work-force on the other, he has helped to synergise the human resource assets in the company. He rose through the ranks to the post of General Manager, and in the month of 2005, he was promoted as the Executive Director reporting to the Board of Directors of the company. He revamped the technological capabilities of the company. He has pioneered change in the management structure, reporting standards, structured decision-making and HR policy.
Name :	Mr. Mattathil Narayanan Mohanan
Designation:	Director (Operations)
Profile :	Mr. Mohanan has twenty-nine years of rich experience and is the "Execution Man' in the company. His wide experience in power sector projects and his ability to handle a targe number of projects at a time have made him an invaluable asset to the company. He has experience in the field of fabrication and construction of heavy steel structures, boilers, auxiliaries and electrostatic precipitators among other equipment such as power cycle piping and IP piping, he has headed many key projects with various reputed customers of the company and under his able administration; these have been completed well ahead of schedule.
Name :	Mr. S. K. Kodandaramaih
Designation:	Director (Business Development)
Profile :	Mr. Kodandaramaiah, is a postgraduate in Mechanical Engineering with more than thirty-two years of experience in the power sector. His twenty-one years in Bharat Heavy Electricals Limited (BHEL) have helped him gain wide exposure in various areas such as project management, construction, management, commerce, contracting and overseas marketing to name a few. He was also part of the export market- Ing team that helped BHEL Western Region to implement the 120 MW turn-key export job in Malaysia. He was involved in the execution of installing power plants of more than 4000 MW capacity.In addition to this, he was appointed as Executive Director (Commerce) in General Electric Power (GE) Services Ltd. Hew Delhi for five years. He has alsoworked as Advisor for one year to Dharnwari Sunda Hydro-Electric Company in the development of the 70 MW Hydro-Power Project in Himachal Pradesh, He also has to his credit a training programme at Oslo University, Norway in 'Energy Planning and Environment'.
Name :	Mr. Sajid Ali
Designation:	Independent Director
Profile :	Mr. Ali is a graduate engineer with 40 years of experience in the erection and commissioning of equipment in coke oven plants, piping, boiler erection, turnkey projects. He has vast knowledge about the planning and execution of various projects and has handled large-volume projects. His forte is able administration. He was in charge of total construction management of the power sector for BHEL, Western region, in 1994.
Name :	Mr. Dilip Ghanekar
Designation:	Independent Director
Profile :	After his graduation from V.R.C.E., Nagpur, Mr. Ghanekar worked for thirty six years in Maharashtra State Electricity Board. He has experience in operation, maintenance, construction and planning ofpower stations with a capacity of 500 MW units. He has also been in charge of global procurement of equipment and encouragement of non-conventional energy development of contracts for power purchase. He retired as Technical Director, MSEB.He has also undergone a four-week customer training programme at M/s. Combustion Engineering U.S.A. as weft as another four-week training programme on Coal Technology and Environment. Conducted by the United Nations in Australia.
Name :	Mrs. Sarita Rathi
Designation:	Independent Director
Profile :	Ms. Rathi a diploma-holder in Business Management has completed an intensive programme on Self-Managing Leadership for entrepreneurs and managers conducted by experts from Paris and Australia, at Mount Abu. She has also undergone a training programme on value-based education held at Oxford Retreat, London. She also provides training in human resource development to many companies such as Thermax Limited and KSB Pumps Limited to name a few
Name :	Mr. Kamlakar G. Holkar
Designation:	Independent Director
Profile :	Mr. Holkar, an engineer from Ujjain University, served BHEL, an esteemed organization in the power sector for over four decades. He retired from BHEL as General Manager (Western Region). During his tenure, he had also undergone a specialized training programme in General Electric, UK.He has a sound experience in manufacturing, construction, testing, commissioning, repair and services in the power sector. He has to his credit the construction, testing and commissioning of a 500 MW thermal power plant at Chandrapur for the MSEB, a task that was accomplished in record time. His key strength is powerful leadership through efficient and effective administration resulting in fast-track completion of important projects.
Name :	Mr. Parag A. Sakalokar
Designation:	Independent Director
Name :	Mr. S. S. Waghmare
Designation:	Independent Director

KEY EXECUTIVES

Name :	Mr. Tushar S. Pahade
Designation:	Company Secretary
Name :	Mr. Kalyan K. Ghosh
Designation:	Company Secretary
Address :	97, East High Court Road, Ramdaspeth, Nagpur 440010, India

Products:

Fabrication

Erection

Thermal Power Plants

Bankers :

UCO Bank

State Bank of India

Union Bank of India

HSBC Bank

ABN Amro Bank

HDFC Bank Limited

ICICI Bank Limited

Oriental Bank of Commerce

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT

Particulars	2008/03/31	2007/03/31	2006/03/31
Sales Turnover	3063.056	1448.046	1327.426
Other Income	20.676	25.948	7.836
Total Income	3083.732	1473.994	1335.262
Profit/(Loss) Before Tax	325.056	119.556	82.535
Provision for Taxation	114.979	43.881	26.643
Profit/(Loss) After Tax	210.077	75.675	55.892
Import Value	41.127	31.061	NA
Expenditures :
Manufacturing Expenses	827.211	633.583	490.613
Administrative Expenses	108.547	51.892	37.474
Consumption of stores and spares parts	1488.245	552.333	629.524
Increase/(Decrease) in Finished Goods	(10.032)	0.000	0.000
Personal Cost	168.823	69.537	42.749
Interest	89.760	32.989	23.495
Depreciation & Amortization	86.123	44.103	28.871
Total Expenditure	2758.676	1384.437	1252.726

QUARTERLY RESULTS

Particulars	2008/06/30 1st Quarter	2008/09/30 2nd Quarter	2008/12/31 3rd Quarter
Sales turnover	1112.100	1311.200	1475.200
Other income	8.900	10.700	10.200
Total income	1121.000	1321.900	1485.400
Total expenditure	950.100	1122.800	1395.800
Operating profit	170.900	199.100	89.600
Interest	38.600	57.800	67.100
Gross profit	132.300	141.300	22.500
Depreciation	30.400	39.200	49.700
Tax	34.700	34.300	40.200
Reported PAT	68.100	68.700	(64.500)