Bosch Limited registers growth of 9.5 percent

Net sales and income from operations grew by 9.5 percent over preceding 12 months

Profit After Tax (PAT) grew by 23.2 percent during the same period

For the quarter ended March 2016, net sales and income from operations increased by 12.2 percent

Dividend of INR 85 per share proposed

Investment of INR 770 crores in 2016

"Bosch has been making conscious efforts to offer superior products that are environmental friendly, cost-effective and above all possess the ability to connect with the 'youth'. We want our technology development to spark the imagination and drive of India's young scientific minds."

Dr. Steffen Berns  
Managing Director, Bosch Limited
and President Bosch Group, India

Foreword

Dear shareholders,

 

'Make in India' is an attractive proposition. It also serves as a precondition to making optimal use of the country's demographic dividend. The initiative intends to transform India into a global manufacturing hub and help foster a culture of innovation and entrepreneurship. With a strong manufacturing base, driven by local innovation, Bosch Limited is at the forefront of this transformation. 

The company has been manufacturing in India since 1953 and since then it has continuously been tapping business opportunities in the country. Having identified the recurring and varying needs of India the company has today become a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

Over the past three years the company has invested approximately INR 1,750 crore in India and set-up around four new manufacturing facilities, apart from ramping up existing plants. Smart manufacturing or Industry 4.0 is a key enabler that can help India realize the goals of this national initiative. Drawing from its global experience and local competence, the company is showing the way for others in the country to follow. At Bosch Limited, we are focused on preparing the organization for the times to come. On the one hand, we have proactively been investing on machines and associates, and on the other, we have set ourselves the target of realizing Industry 4.0 standards in the near future. This dual approach will help us offer improved products of unmatched quality at affordable prices.

Bosch made its manufacturing presence felt in India at a time when industrialization was a distant thought. Over the six decades Bosch has set the standards for manufacturing in the country. As we continue to expand our operations in India, the need for more and improved localized development cannot be overlooked. In this area Bosch Limited has also grown tremendously, starting two decades ago and at a faster pace over the last years. From bringing common rail systems to India, we are now offering two-wheeler engine management systems developed in India. Bosch has been making conscious efforts to offer superior products that are environmentally friendly, cost-effective and above all possess the ability to connect with the 'youth'. We want our technology development to spark the imagination and drive of India's young scientific minds. 

While the current business environment remains volatile and the industry faces ambitious legislative targets such as BS VI, the company is committed to helping India make this transition seamlessly. Our meaningful solutions have in my view contributed substantially to India's economic growth. Throughout our journey Bosch Limited has been developing and offering products to improve quality of life and help conserve natural resources. The company's unwavering commitment to customer satisfaction has helped it evolve to become a more agile organization. 

Since its inception in India, Bosch Limited has been bringing about a meaningful change both through its products and services and through its social engagement initiatives. On the second aspect, I would also like to draw your attention to the quality training programs we have to offer. The company's skilling programs are relevant and effective and have been hailed by national bodies and state governments as a model to replicate and follow. 

On behalf of Bosch Limited's board of directors, I want to thank all our shareholders for their sustained support, and all our customers and business partners for their firm faith in our ability to deliver. Going beyond, let me also take this opportunity to thank our entire workforce, who made our growth and success in FY 2015-16 possible through their hard work and dedication.


With best regards

Dr. Steffen Berns

Managing Director, Bosch Limited
and President Bosch Group, India

 

 

Bosch in figures

With respect to innovation, Bosch Limited has grown tremendously, starting two decades ago and at a faster pace over the last years. From bringing common rail systems to India, we are now offering two-wheeler engine management systems developed in India.

Manufacturing
Innovation

Bosch Limited's journey of excellence

Bosch Limited's Annual Report 2015-16 cover story tracks and sums up the company's journey made over the past six decades. These years bear witness to Bosch Limited's evolution from an organization with a large manufacturing presence in India to a direction that is driven by innovation. The next few pages will impress upon you a story of evolution and development. From the commitment of the management to the enthusiasm of its associates, flip through the subsequent pages and explore Bosch Limited's story of growth and success.

From "Invented for life" to 'Make in India'

An inherent aspect of business continuity is risk management. At Bosch Limited, the leadership team has minimized potential impact stemming from such threats by being prepared thoroughly beforehand. By analyzing trends and headwinds, the management of Bosch Limited has given much priority to business resiliency. A step in this direction, is the priority given to efficiency, agility and leaner structures. To that end, the company has deployed several measures, such as Bosch Production System (BPS) and continuous improvement process (CIP) that aim to strengthen and improve its productivity throughout the overall value.

The management at Bosch Limited is also responding to uncertainties by adopting a more holistic approach. The company is drawing the focus back to its corporate philosophy, "Invented for life", underlining the role of technology and innovation. Bosch Limited has stepped up its response by bringing to fruition many of its developments and technologies. Innovation is a critical factor for value creation and differentiation, especially in a marketplace that is marked by disruption and global competitiveness.

From the days of liberalization when the Technical Center India (TCI) was set-up until today Bosch Limited has unceasingly looked within to expand the scope of its innovation and development work. The days of then and now can well be summed up in a thought: from being a leading supplier of components for the automotive industry, Bosch Limited has today grown to become a strong solutions provider in domains such as Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Solutions. The company's research efforts have shaped and defined its present. So however different be the challenges and objectives of every business unit within the company, to Bosch Limited, its spirit of innovation and unfaltering focus on customer satisfaction is always at the core of its functioning. For the management team at Bosch Limited opines: innovation is the accelerator pedal that needs to be stepped up for India to realize its 'Make in India' initiative

Today the company has eight state-of-the-art manufacturing facilities across India: Bengalu-ru, Bidadi, Naganathapura, Nashik, Jaipur, Verna, Gangaikondan, and Chennai.

In recent years Bosch Limited has given its shareholders an average dividend payout of around 20 to 25 percent.

Over the past three years Bosch Limited has invested approximately INR 1,750 crore in India.