Transforming Healthcare
through Innovation and Sustainability

Granules has been unrelenting in the pursuit of excellence for nearly four decades. Now, we are adding a new chapter to this endeavor, as we embark on a transformative journey driven by innovation and sustainability and enabled by our ability to leverage science and its progress.

With sustainability as our guiding compass, we are committed to a path that is environmentally responsible and economically viable.

Together, we shall redefine the boundaries of what is possible, while nurturing strong relationships with our stakeholders and creating lasting value for everyone.

Transforming for
the Greater Good

Our aim is to cultivate an organizational culture where purpose finds its voice, vision is translated into action, and our actions are guided by our values.

PURPOSE

Healing lives responsibly through pioneering green science.

VALUES

Challenging
Limits
Futuristic
Thinking
Customer
Driven
Empowering
Employees
Quality
Everywhere
Environmental
Stewardship

VISION

To establish ourselves as a world leader in green chemical and pharmaceutical industry by harnessing cutting-edge technologies to enhance quality of life.

MESSAGE FROM CHAIRMAN & MANAGING DIRECTOR

Pursuing Purpose-led
Growth

As we embark on this ongoing journey, with careful deliberation, we have revitalized our purpose, vision, and values, ensuring they embody our commitment to transformation.

Dr. Krishna Prasad Chigurupati

Chairman & Managing Director

Vertically Integrated
Across the Value Chain

Driven by scale, strong R&D capabilities, and impeccable regulatory compliance, we operate across the entire pharmaceutical value chain. This comprehensive approach empowers us to provide a diverse range of cost-effective offerings that cater to the evolving needs of the healthcare industry.

Revenue by business (%)

Revenue from PFI business
Revenue from API business
Revenue from FD business

Highlights for
FY 2022-23

Building for the
Future
Financial
Environmental
Social
Governance

Building for the Future

ANDA approvals (USFDA)

EU dossiers

Canadian dossiers

generic products
introduced under
GPI label

Sajjala Bio Labs
acquisition

Green field
packaging facility

Financial

Revenue growth was driven by strategic commercialization efforts in key geographies, including the US and Europe, reflecting the Company's focus on expanding market share and capitalizing on growth opportunities.

Improved EBITDA margins and a better cash conversion cycle (CCC) resulted in higher operating cash flow, providing us with financial flexibility for growth and investments.

Higher productivity and cost control led to a higher EBITDA compared to last year, despite a lower value-added margin, demonstrating improved profitability and operational efficiency.

Improved EBITDA margins and asset turnover resulted in a higher RoCE, which in turn reflected effective resource management and enhanced financial performance.

Environmental

28.20%

Reduction in water intensity

14.3%

Reduction in GHG emissions (Scope 1 and Scope 2) intensity

320 KWp

Solar capacity added in
FY 2022-23

50 %

Of our wastewater
is recycled

>85%

Of the solid hazardous waste sent for utilization by cement industries

Governance

100%

Shareholder Grievance Resolved

50%

Independent Directors on the Board

96%

Average Board
Meeting Attendance

Business
Strategy

Our strategic framework, based on the three levers of strengthening our core, R&D and innovation, and sustainability, revolves around creating strong scientific foundations in green chemicals and pharmaceuticals, fostering sustainability, fueling growth to create value for our stakeholders, and delivering our ambition.

STRENGTHENING OUR CORE

SUSTAINABILITY

R&D AND INNOVATION

Climate Crisis:
Navigating Risks,
Seizing Opportunities

Addressing climate change is an immediate and pressing priority. We see its challenges as catalysts for innovation, inspiring the development of solutions that drive positive change. As customers, governments, and financial institutions increasingly demand sustainable offerings, Granules is gearing to meet this demand and will be well-positioned for success and driving growth.

Net Zero

Our Compass, Commitment, and Future

In our pursuit to revolutionize manufacturing and transform supply chains, we have joined forces with Greenko to establish the integrated green pharmaceutical zone (GPZ) in Kakinada, Andhra Pradesh, as part of Granules CZRO. This shall mark a significant milestone in our journey, demonstrating our unwavering commitment to sustainability and initiative towards de- carbonization across the supply chain.

Our ESG Approach

We have established the baseline and benchmarking of our sustainability practices within the industry. We are committed to adopting best-in-class practices and we are currently in the process of setting extensive goals and key performance indicators for identified material topics.

ENVIRONMENT
Social
GOVERNANCE

ENVIRONMENT

GHG Emission
Climate Change
Water Management
Waste Management

SOCIAL

Diversity and Inclusion
Employee Wellbeing
Occupational Health and Safety
Human capital development
Innovation, Research and Development (R&D)
Community Impact, Relations and Developmen

GOVERNANCE

Prioritising Environment Stewardship

Following a proactive approach, we have embraced innovation, incorporated cutting-edge technologies, and implemented operational changes to mitigate long-term environmental risks and promote sustainability. Through the establishment of a robust Environmental Management System (EMS), we demonstrate our commitment to being a leader in sustainability practices. The facilities at GGP, BPL, JDM, Unit-4, and Unit-5 are ISO certified.

Energy Consumption
GHG Emission
Water Management
Green Buildings
Wate Management

Upholding Ethics
and Integrity

We strive to create a strong system of governance that is built on integrity, transparency, and accountability. Working together, the Board and senior management uphold our core values and principles, serving as guardians of our governance system.

Challenging Limits

Futuristic Thinking

Customer Driven

Empowering Employees

Quality Everywhere

Environmental Stewardship

Transforming Healthcare
through Innovation and Sustainability

Transforming for
the Greater Good