Statement by MR. ANIL GUPTA- Chairman & Managing Director – KEI Industries Limited on the #Budget2019
‘We would appreciate development centric forward-looking budget, which will impact every household of the country and industry will witness a new horizon of development. The maiden Budget has laid special emphasis on the much awaited infrastructural development where the Government will invest Rs 100 Lakh crores in this segment for the next five years. The power sector has seen phenomenal growth achieving the electrification of almost 96% of households in the last 5 years. This large growth in the sector can be attributed to the infrastructure boom in India creating more avenues for companies like ours. Investments in railways, housing, and farm are paramount to overall infra-growth for our company. The Government is also planning to invest 50 Lakh crores for Railways which will further boost the demand resulting in expansion of our business. Furthermore, the Government has shed light on the plan of One nation, One Grid & the Pradhan Mantri Gram Sadak Yojna will be a standalone element in ensuring power connectivity at affordable rates.’
About Mr. Gupta: Mr. Anil Gupta is a recognized and an accomplished expert and also responsible for some path-breaking innovations in the Indian cable and wire Industry. He has been a firm believer in technology since the very beginning. His customer-centric approach blended with a futuristic vision has always ensured the production of Cable & Wire products of the highest quality. Mr. Gupta has over 27 Years of experience. He has been Director at KEI Industries Limited since December 31, 1992. Mr. Anil Gupta pursued his M.Com from Delhi University and has been a firm believer in technology since the very beginning.
The brain behind some of the path-breaking innovations in the industry, he is undoubtedly the inspiration as well as the guiding force behind KEI’s vision to become the undisputed leader in its category and build-up a strong corporate identity. He became a part of the KEI group in 1979 as a partner in the erstwhile Krishna Electrical Industries.
He had a dream of taking the company to newer heights. With almost 40 years of experience at the helm of KEI Group of Companies, he has always been successful in executing company policies and encouraging his team to deliver nothing but the best. In 2017, under the leadership of Gupta, KEI reported 15 per cent overall growth in turnover as net sales rose from 2,326 crore in FY16 to 2,669 crore in FY17. His contribution to the company is exceptional and unsurpassed.
A highly motivated and passionate commerce graduate with sharp business acumen has helped the company to achieve a leadership position. As a dynamic leader, he has initiated various marketing, production, quality control, and product development policies. His hard work and pioneering ideas have played a major role in the company’s success while his contribution to the company remains exceptional and unsurpassed.