KAVVERI TELECOM PRODUCTS LIMITED
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Bad market conditions leading to a 53.83% decrease in sales.
- Significant decrease in revenue over the past few years.
- Rapid increase of competitors in the telecommunication business.
- Some subsidiary companies are undergoing bankruptcy processes or are non-operating.
Mitigation Strategies
- Undergoing One Time Settlement (OTS) with the bank to settle financial liabilities.
- Taking steps to improve business in 2023-24 and improve operations in coming years.
- Evaluating various options for loss-making subsidiary companies.