As a global integrated growing organization, we are constantly exploring ideas that contribute to sustainable ways of enriching lives. We stay aware of and adapt to the changing world around us, so that we can bring optimum value to all our stakeholders. Our motto - Enriching Lives, provides us with the lens with which we view our thoughts and actions. In this report, we share with you our journey of responsible business in FY 2016; our performance and achievements especially around environment and social aspects that we believe are integral to our existence and ethos.
Research and Innovation are at the centre of our business. As an organization, our market capitalization as on March FY 2016 was USD 3.6 billion, with 7 innovative molecules in advanced and pre-clinical stages of development. Our state-of-the-art manufacturing and research centres globally hold various certifications including ISO 14001:2004, 18001:2007 and regulatory body certifications such as US FDA, MHRA UK, WHOGMP to name a few. We continue to invest in our infrastructure and operations as we continue to grow our business footprint. We have also been relentlessly stepping up our quality benchmarks across our research and manufacturing facilities to ensure that our products, processes and infrastructure meet international expectations.
People-Planet-Society are the backbone of our business. We strongly believe in the power of our people who consistently fuel our growth. We nurture talent and provide learning and development opportunities to ensure capability building. We continue to conserve resources while increasing efficiency through various infrastructure initiatives and programs that have saved water, material and energy. For us at Glenmark, the safety of our employees, business partners and other stakeholders come first at all times. We aim to build and sustain a ‘Safety First’ culture across all our operations by investing in best in class safety infrastructure.
Our belief that children are the future of a nation has led us to focus our CSR interventions on improving Child Health. We have worked towards reducing infant and child mortality by reducing malnutrition, increasing immunization and improving sanitation practices. We have also worked towards providing sustainable livelihoods and access to healthcare. Over the years, through our efforts we have positively impacted over 6,83,000 lives across India and Kenya. This year, through our Joy of Giving Festival, our employees across 30 locations in 16 countries celebrated this festival of philanthropy. The Glenmark Aquatic Foundation, set up with an objective to promote swimming in India and raise the country’s profile in the international sporting arena, has started bringing in accolades at international levels.
I am happy to share with you the encouraging trends and impact across our actions in the area of People-Planet-Society throughout this report. I welcome your suggestions, as we continue on our journey of being a responsible and sustainable organization that brings value to all our stakeholders and enriches lives globally.
Chairman and Managing Director