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establishment of several new centers abroad and upgrading our facility at home. Most of the permissions for our proposed IPO have been received so that we can now move forward, without any apprehensions, towards the launch of our IPO which for the company would herald a new era and would be like the icing on a cake. Remember, at GRAVITA, every one of you is like the member of a family and without your sustained efforts all that we have planned would only remain a dream. This is no time for homilies and although we are extremely gung-ho about our future, I still would like to take this opportunity of letting you know that it is ‘you’ who make ‘GRAVITA’. Gravita’s success is your very own .

Mr. Rajat Agrawal Managing Director

Dr. M. P. Agarwal Chairman

JAN – MAR 2010 VOLUME 1 u GRAVITA HISTORY ... 2

u OPERATIONS, AWARDS & GALLERY ............... 3

u FROM “BRAIN DRAIN” TO “BRAIN GAIN” INDIA CAN

SHINE – R. G. CHOUDHARY .................................. 4 GRAVITA focus ADDRESSING THE NEEDS OF INDIVIDUAL INVESTORS AND PLANTING

THE SEEDS OF A SECURE TOMORROW.

Editor’s Note: It is a great privilege and honour to welcome you all to this first edition of GRAVITA FOCUS. We propose to bring it out every quarter to keep all of you apprised of the happenings at Gravita as we move from one milestone to another.

Puneet Gangal, Chief Editor

Helping you achieve Your financial goals It gives me immense pleasure in welcoming you all to this first edition of “GRAVITA FOCUS”. It is proposed to be a quarterly feature with the intent of keeping you abreast of all that’s going on at GRAVITA. It is a new year and, albeit, belatedly let me take this opportunity of wishing everyone of you a very bright and satisfying career with Gravita. It is the year of hope – as, from humble beginnings, we begin our journey into making GRAVITA a brand to savour worldwide. The path to success is ridden with pitfalls but our men have shown that even the biggest of disasters cannot curb our indomitable spirit. If all goes to plan, it is bound to be a year that will herald a meteoric rise for our company as we move forward with great zeal towards the

CULTURE OF DISCIPLINE Let me too take this opportunity of welcoming you all. We need an organization that dares to unleash the imagination and energy of its people. The proof of the pudding is in its eating and it is a great augury for all of us that during these past few months we have won a plethora of awards for excellence and the name of ‘GRAVITA’ has been making waves in the print media with striking regularity. The dream is to make this company a legend in its field. How do we do it? You may ask. First and foremost to go from good to great needs transcending the curse of competence. Just because something has been our core business, just because we’ve been doing it for years does not give us the license to assume that we are the best. And if we cannot be the best in our core business, our core business cannot form the basis of a great company.

Getting the most from our research analysis

WE WANT NOT ONLY TO DO THE RIGHT THINGS BUT DO THE THINGS RIGHT.

But here am I with all of you, determined to transform GRAVITA into a heavy weight with GRAVITY . What we need to instill is a culture of discipline. Most companies have a culture, some even have discipline, but very few have a culture of discipline. If you have disciplined people, you don’t need hierarchy. If you have disciplined thought, you don’t need bureaucracy. If you have disciplined action, you don’t need excessive controls. It is when we combine a culture of discipline with an ethic of entrepreneurship, do we get the magical alchemy of great performance. We need to think differently in terms of technology too if this transformation has to come good. We must remember that technology can never be the primary means of igniting a transformation. Yet, when opportunity beckons we need to be pioneers in the application of carefully selected technologies. Technology, at best, can only be an accelerator. We are not revolutionaries. Dramatic changes and wrenching restructurings will never make the leap from good to great. We cannot aspire to do it all in one great swoop like cracking a jackpot.

We are fully aware that to take a jump from good to great there can be no defining action, no single grand programme, no one killer innovation, no solitary lucky break, no miracle moment. Rather it has to be like relentlessly pushing a giant heavy flywheel in one direction, turn upon turn, building momentum until the point of breakthrough, and beyond. To us you are our most valuable asset and it is our endeavour to instill leadership in every nook and cranny of our organization. And it is this spirit that is going to sustain us in the future. We want to make GRAVITA the envy of other businesses. Every master chef will confide that following the recipe and using high quality ingredients alone will not create a culinary masterpiece. It is the careful blending of all these that will produce a lip-smacking delight. This is what we look at GRAVITA and more. We have a very positive and optimistic view regarding our prospects. We want not only to do the right things but do the things right. Organizationally, the challenges are, indeed, very

SMARTER INVESTING:

Experience vs. Discipline

“Our Goal is to obtain

the highest level of

Customer Satisfaction,

promote the fiscal

growth and profitability

of our Company and to

reward all employees

with opportunity,

involvement and job

satisfaction. “

daunting. Learning to adapt quickly, embracing change as an opportunity instead of a threat, keeping up with the mind boggling explosion of information and technology, learning to be more creative, and motivating people to take personal ownership for the success of our business are all issues that are very clear to us. You all along with me must feel uplifted, inspired and challenged and yet always come out with this question “How can we learn more?” We need all of you to be intensely involved, even obsessed if we are to realize our dream. On our part we continuously strive to create a work environment that attracts focuses and keeps with us the talent of you all. Remember when the going gets tough the tough get going.

Rajat Agrawal Managing Director

GRAVITA : Journey

Our first foray into Lead Manufacturing & Recycling began with the establishment of Gravita India Limited, in the year 1992 at Jaipur, the state capital of Rajasthan, at a distance of 280 km from Delhi, the capital of India. Jaipur is well connected by rail, road and air.

The GRAVITA Group is one of the leading business groups in India in the field of manufacture of Lead Metal and its allied products. The initial objective of the Company was to manufacture Lead Metal by the process of smelting from Battery scrap (ULAB) which was later extended to Lead Refining, Lead Alloying and Lead Oxide (Litharge, Red Lead & Lead Sub-Oxide) manufacturing GRAVITA is owned and managed by a forward-looking team of professionals, with an experience of more than 17 years. We are committed to providing low cost Lead & Lead Products of the highest quality assurance with a special focus on timely deliveries.

Gravita Gallery

GRAVITA Operations AFTER having successfully established ourselves in India, our first overseas project took us to Sri Lanka in the year 2000. Navam Lanka Limited is the first ever Eco-friendly Lead metal recycling facility in Sri Lanka. It has been recognized by the Sri Lankan Board Of Investment and is certified by ISO. From then on, we have never looked back and today our presence exists in all the major continents of the world. We have Lead recycling facilities today in Ghana, Senegal, Ethiopia, Mozambique, Zambia, Georgia and the Honduras. We also have a technical tie-up with AUSMELT of Australia. We have also commissioned several Lead Recycling plants abroad on turn-key basis for our valued customers. GRAVITA Group, today, is consolidating its strengths and looking for new opportunities of growth. In the next 18 months the target is to establish 15 more facilities abroad in Africa, Eastern Europe & Central America. All of our operations conform to ISO-9001 and ISO-14000 guidelines

GRAVITA Awards

Press Conference Lighter Moments

Joining Hands with a Giant - Ausmelt

Team Gravita in a Conference

Reward for Excellence Indian Achievers Award

Editorial Board Puneet Gangal, Chief Editor

Design - Nitin Jain Content Editing By - Deepesh Bhatt, Paritosh Vaishnav & Richa Tripathi

Gravita India Ltd. 402, Rajputana Tower, A-27B ShantiPath Tilak Nagar, Jaipur – India 302004 Ph: 91-141-2623266 Fax: 91-141-2621491

www.gravitagroup.com www.gravitaindia.com www.gravitaexim.com

Welcome-on-Board v D. K. Govil : Director & Chief Financial Officer v Sandeep Choudhary : V. P. – Business Development v Rakesh Jain : V. P . - Projects v Puneet Gangal : V. P.- HR /Admin

NEWS CORNER

Employee of the IVth Quarter 2009-10 Overseas: Kamal Singh, D.G.M. (Operations) India: Gopal Maheshwari, Exec. Accounts

JOKE: To Lighten up the Mood SUBJECT: THE CAR After years of scrimping and saving, a husband gave his wife this good news,” Honey, we’ve finally done it. We’ve finally saved enough money to buy what we started saving for in 1979.” “You mean a brand – new Cadillac?” “No,” said the husband, “a 1979 Cadillac.”

FROM “BRAIN DRAIN” TO “BRAIN GAIN” – INDIA CAN SHINE R. G. Choudhary

V.P . - Operations The Indian cabinet has approved a Bill allowing overseas players to open education campuses in India. So, Indian students are a step closer to gaining access to foreign universities on home ground. It will be in everyone's interest. It purports to be the next big revolution in the history of India, after telecom, resulting in accessibility to top quality higher education as India, after China, has the world's largest student population including outbound scholars. It'll be foolish not to roll the red carpet. Entry of foreign entities will inevitably impact the domestic education providers who will need to compete against internationally accepted courses and upgraded facilities. This will benefit the education sector as a whole and provide a bonanza for aspiring students. Overall, "brain gain" will replace “brain drain”. If students are able to access high-grade educational services and acquire the much-sought-after 'foreign degrees' at home, they'd have less reason to move out. It'll also bring about a qualitative improvement in our teachers. In the process, we will get to attract more foreign students who would bring foreign exchange as well as reduce the flight of foreign exchange - which can run into billions of dollars - in the form of students' expenses. At the same time care has to be taken that the foreign players should not change their course towards more liberal & attractive destinations like China. The government has to give such incentives which would lure them here and make them stay forever . Indeed, if it happens, India is going to shine and can even over-take CHINA.

Work Hard, Party Harder The highly workaholic employees of Gravita are second to none when it comes to partying. The time was apt and the stage was set for a grand celebration. On March 13, 2010, Gravita Family celebrated Holi Milan Samaroh. The celebrations took place at the ‘Jaipur Greens’ where amidst heavy winds the Gravita Flag fluttered high. It started with a balloon bursting ceremony by the honorable Managing Director, Mr. Rajat Agrawal followed by events like couple dance, Freeze dance, Tug-of-war, Best Papa award, Jodi contest, and the likes. The Gravita employees were given funny titles based upon their personality attributes, accompanied with related mementoes. The occasion lived up to the expectations and the motive of bringing unison between the employees and exploring hidden talents was adequately realized. The stars of the night were the employees of Gravita along with the management who contributed immensely in making the event a grand success. All the staff members unleashed on the opportunity and shook their legs towards the end. The celebrations concluded with dinner holding promise of more such days to come.

Paritosh Vaishnav