Britannia Annual Report

Britannia Annual Report 2012-13

BOARD OF DIRECTORS CHAIRMAN : Nusli N Wadia MANAGING DIRECTOR : Vinita Bali DIRECTORS : A K Hirjee S S Kelkar Avijit Deb Nimesh N Kampani Jeh N Wadia Keki Dadiseth Ajai Puri Nasser Munjee Ness N Wadia Vijay L Kelkar MANAGEMENT TEAM : Varun Berry - Chief Operating Officer

Vinod Krishna Menon - Chief Financial Officer Vinay Singh Kushwaha - Vice President-Supply Chain Ashok Namboodiri Manoj Balgi Prashant Vatkar - Head-Dairy Business - Head-Procurement - Chief Executive Officer-Britannia International Business

COMPANY SECRETARY : Vivek P Raizada (w.e.f. 1 June 2013) AUDITORS : B S R & Co. Chartered Accountants Maruthi Info-Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore - 560 071. BANKERS : Bank of America N. A. Bank of Tokyo-Mitsubishi UFJ Citibank N. A. HDFC Bank Limited Indian Bank Standard Chartered Bank State Bank of India The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland N. V.

Registered Office : 5/1A, Hungerford Street, Kolkata - 700 017. Executive Office : Britannia Gardens, Old Airport Road, Vimanapura, Bangalore - 560 017.

Britannia Annual Report 2012-13 CONTENTS

Financial Highlights .....................................................................................................................................01 Report of the Directors .................................................................................................................................02 Management Discussion and Analysis..........................................................................................................15 Report on Corporate Governance.................................................................................................................18 Independent Auditor’s Report.......................................................................................................................31 Balance Sheet...