Magnum Ventures Limited Annual Report 2022-23
The
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Engaged in the hospitality and paper businesses
Forward-looking statement
In this Annual Report, we have disclosed forward- looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral- that we periodically make, contain forward looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise.
C O N T E N T S
04 Corporate Snapshot
- The big picture
- Chairman's strategic insight
16 Financial review
23 Our hotels business
- Success drivers
- Our brand
29 The Radisson optimism
31 Our complement of restaurants
- Our cuisine philosophy
- Our exclusive food and beverage competence
37 Our banquet facilities
41 Our paper business
46 The growing Indian weddings market
48 The world is growing increasingly vegan
50 The growing business conferences market
52 ESG resides at the core of our Magnum personality
56 The promoter family
58 Promoters. Board of Directors and key managerial persons
60 Management discussion and analysis
67 AGM Notice
85 Directors Report
102 Report on Corporate Governance
117 Financial Statements
The
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Magnum Ventures Limited comprises two businesses - hospitality and paper.
Both businesses have been differentiated around customer and societal needs.
The hospitality business comprises India's first all- vegetarian five-star hotel.
The paper business addresses the manufacture of recycled environment-friendly paper.
This consistent commitment to be engaged in the businesses of the future resulted in the Company reporting a revenue of H460 cr and a profit after tax of H70 cr in FY 2022-23.
The Company is committed to pushing the frontier and climbing to the next level from this point onwards, with the objective to enhance stakeholder value in a sustainable way.
02 Magnum Ventures Limited | Annual Report 2022-23
PART 1
Corporate Overview | 03 |
THIS IS
WHO WE ARE.
THIS IS WHAT WE DO
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Magnum Ventures Limited published this content on 26 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2023 07:28:01 UTC.