A FORCE FOR GOOD

INTEGRATED ANNUAL REPORT 2023-24

A FORCE FOR GOOD

INTEGRATED ANNUAL REPORT 2023-24

A Force For Good

Through this Report, Century Textiles and Industries Limited (CTIL) proudly unveils its transformative journey as a “Force for Good”. Guided by our commitment to ethical conduct, sustainability, and societal impact, we exemplify how our innovative solutions and responsible practices are driving positive change across communities and industries. With transparency and accountability, we showcase our impact as a “Force for Good”, shaping a sustainable and inclusive future for all.

Leadership Speaks

Message from
The Chairman

Guided by our Purpose ‘To enrich lives, by building dynamic and responsible businesses and institutions, that inspire trust’, and by leveraging our resources, expertise, and influence, we aspire to be a catalyst for meaningful impact, shaping a future where business serves as a force for good in everything that we touch and do.

Message from the
Managing Director

We have an unwavering focus on quality, innovation, sustainability across all our business verticals, and are a “Force for Good”, overall. We have the largest manufacturing facility for pulp and paper under one roof and are home to the real estate arm of Aditya Birla Group. I believe that although external market conditions can affect us, they undoubtedly cannot move us.

Message from the
Chief Financial Officer

The Company this year comprehended that investors closely monitor CTIL’s financial performance, including revenue growth, profitability, cash flow generation, corporate governance, and the transparency of disclosures. CTIL has also delved deep into the various risks with the help of robust ERM framework.

Message from the
Managing Director & Chief Executive Officer, Birla Estates Private Limited

Our focus on consumer research and customer preferences has enabled us to offer premium and luxury properties as per consumer needs, in prime locations such as Mumbai, Bengaluru, Delhi NCR, and Pune. With a significant portion of our portfolio dedicated to residences, we are committed to meeting the demands of discerning homeowners in this new era of real estate.

Message from the
Chief Human Resources Officer

With a timeless ambition to enrich lives through responsible businesses and institutions, we move ahead into the new fiscal year. While being conscious to the needs of the society, having faith in the potential of our people, we, at CTIL aim to drive small and large initiatives helping communities and ecosystems, nurturing the humane elements through work.

Message from the
Head of Sustainability

As CTIL continued to advance, the firmly set environmental, social and governance (ESG) principles remained untouched and connected to the business approach, for good. CTIL stayed invested in an appetite for brilliance in business, environmental and community care, equality, and efforts to offer a diverse and inclusive safe workplace that encouraged human rights and stakeholder value creation, coordinated with the core values of CTIL.

Strategic Objectives

Reflecting on our past achievements, at CTIL we are increasingly dedicated to nurturing a brighter future for our community. We prioritise maintaining steady growth while safeguarding our current trajectory, ensuring ongoing expansion, operational excellence, and efficiency. To achieve this, we have identified strategic focus areas inspired by the United Nations Sustainable Development Goals (UN SDGs). By aligning with the SDGs, we aim to advance our Company while contributing meaningfully to global sustainability standards and social progress.

At CTIL, our commitment lies in creating an enduring value for our partners across our primary industry sectors, namely, paper and pulp, and real estate. Our strategic pillars—Customer Centricity, Innovation, Environment Sustainability, Stakeholder Value Creation and Responsible Business will form the foundation of our value generation framework, steering our achievements. These priorities ensure a comprehensive strategy in line with our vision and mission, while also fostering sustainable growth within our industries.

Customer Centricity

Innovation

Environmental Sustainability

Creating Value for Stakeholders

Responsible Business

Financial Capital

Financial Capital

At CTIL, we consistently endeavour to generate value for our esteemed shareholders. We achieve this by delivering sustainable returns, regularly. Our approach to capital allocation is prudent, ensuring that it fuels profitable growth while allowing us to maintain dividend payments to our investors.

Manufactured Capital

Manufactured Capital

Manufactured capital forms the operational backbone of our performance. It encompasses our tangible assets and infrastructure, including our strategically located production facilities equipped with advanced machinery and technology, all optimised for efficiency and sustainability. We continuously invest in technological infrastructure, including automation and digitisation solutions, to ensure enhanced productivity and operational efficiency.

Human Capital

Human Capital

At CTIL, we recognise that our success is driven by the dedication, expertise, and passion of our diverse workforce. In this section, we discuss our approach to human capital management, highlighting our vow to build a culture of inclusivity,

Natural Capital

Natural Capital

We strongly adhere to the principle that, ‘what benefits the society ultimately benefits our business.’ Guided by this ethos, we persist in investing in initiatives that support a culture of responsibility and accountability towards the environment.

Social & Relationship Capital

Social & Relationship Capital

Our strategy for social and relationship capital is foundational. We understand the critical importance of cultivating strong connections with our customers, suppliers, society, and other stakeholders. By building trust, promoting transparency, and aligning goals through open communication and collaboration, we aim to harness the collective strengths and perspectives of all stakeholders to address societal challenges and drive sustainable development.

Intellectual Capital

Intellectual Capital

Our innovative solutions have propelled us to become a commercial powerhouse in India. Deeply committed to nurturing a culture of innovation, we are well-prepared for the future, to generate a sustainable value for all those involved in

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