Theme Performance Highlights Letter from the Chairman

Seizing Opportunities - Europe Expanding reach - US Investing in India

Manufacturing capacities Fostering Innovation Building an Organization

Initiatives Beyond Board of Directors Management Team

Directors Report Consolidated Balance Sheet as at dec 31,2006 Consolidated statement of Profit and Loss For the year Ended Dec 31,2006

Consolidated Statement of Cash Flow for the Year Ended Dec 31,2006 Notes to Consolidated Financial Statements for the year ended Dec 31,2006 Auditors Report

Balance Sheet as at dec 31,2006 Profit and Loss account For the Year Ended Dec 31,2006 Cash Flow Statement for the Year ended Dec 31,2006

Notes to Accounts for the Year ended Dec 31,2006 Annexure to Directors Report Management Discussion and Analysis Report

Report on Corporate governance Shareholders Information

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