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Whirlpool of India has established a new record in revenue and profit in 2010–11 and our balance sheet remains strong with zero debt and a healthy cash position. We take pride in the fact that our company is able to adapt to changing market conditions, and it is this ability that has enabled us to post record results in the last year.
We are executing well on our strategy of accelerating profitable growth, led by consumer–focused innovation. Two award–winning launches of the last fiscal stand out for their remarkable success – Protton World Series a 3–Door Frost Free Refrigerator and Ace, a uniquely designed Washing Machine. More such innovative launches are slated for 2011–12. Our strategy of growing our Air Conditioner and Microwave businesses has also been executed well and 2011 will see us expanding our range to include a host of kitchen products such as Hobs, Hoods, Ovens and Dishwashers.
2011 is a very special year for Whirlpool as the Corporation is celebrating its 100th anniversary. Founded on November 11, 1911, Whirlpool Corporation has influenced home and family life during the last century. As we enter the next century of opportunity, Whirlpool of India is committed to fulfilling the vision of 'Every Home, Everywhere' by marketing well–differentiated products of high quality supported by best–in–class service, creating many more happy homes in India.
Chairman & Managing Director