The newsletter discusses Akshay Tritiya, an important Hindu and Jain festival that was recently celebrated. It provides updates on postponing the delivery of a 50,000L water tank until the end of the month. Additionally, it notes that the Hyderabad and northern India teams are making progress expanding their presence in their respective markets. The newsletter closes by mentioning positive responses from potential overseas channel partners.

1. Sarovar – News letter
Date: 15th
May 2013 Volume: 1; Issue 10
Dear Readers,
Greetings!
We have celebrated ‘Akshay Tritiya’ in this week! It is also a birthday of Lord Parashurama [6th
Incarnation of Lord
Vishnu]. It is also the day when Lord Ganesha and Veda Vyas began to write Mahabharata. It is one of the days in Hindu
and Jain Lunar calendars, which is never absent. Akshaya in Sannskrit means never diminishing and Tritiya is because it
always falls on 3rd
Lunar day [Tithi] of bright half [Shukla Paksha] of Vaishakha.
As we communicated earlier about postponed delivery date of 50,000L Sarovar tank, we are planning to dispatch it
before month end. More enquiries are into negotiation stage and expected to conclude soon.
Our Hyderabad arm has also accelerated their movement in market and soon will be back with some positive outputs.
Similar momentum is shown by our Channel Partner in North. Our team will be meeting senior members of PSUs in
Northern region along with our Channel Partner’s team.
It will help boost our presence in Government sector.
Northern India is region which has witnessed highest growth in population in past decade and similar trends are
expected in coming years. It implies that Sarovar Tanks have higher business potential in this region.
Attached is snapshot from a leading magazine confirming same.
We have received enquiries from group companies also. We are into
discussion with Mahindra Lifespace Developers Ltd. for their requirements in
Special Projects.
Enquiries from other group companies for entirely different application of
Sarovar Tank Panels are also received and are being studied by our design
team for feasibility of application.
This is Alternative Thinking which is a core value of Mahindra Rise!
About expanding out Channel Partner network, response from overseas market is quite enthusiastic and we look
forward to some positive outputs in coming future.
With best regards,
Business Development Team,
Mahindra Composites Ltd