Dear Friends,
“Progress is never made by standing still—
It comes from moving forward together.”
As we step into a new year, it is a good moment to pause—not only to reflect, but to acknowledge what we have achieved together.
2025 tested us once again. The pace was demanding, expectations were high, and the world around us kept changing—shaped by geopolitical, climatic, and territorial developments. Yet, throughout it all, you showed resilience, adaptability, and a commitment that consistently went beyond defined roles or job descriptions.
Because of your efforts, we did more than navigate the year—we continued to move forward. What stands out most is not just the outcomes we delivered, but the way we delivered them:
- With collaboration instead of silos
- With ownership instead of excuses
- With the courage to try, learn, and improve
That culture is our real strength.
Looking ahead, the future will ask more of us — greater agility, continued innovation, and a willingness to rethink how we work.
At the same time, it offers meaningful opportunity.
In the months ahead, our focus remains clear: to build boldly, think long term, and raise the bar for ourselves and for the value we create for our customers, partners and shareholders — and also for one another. Each of you has an important role to play in shaping that journey.
Thank you for your hard work, your support, and your belief in our shared purpose.
As we step into the New Year, let us do so with confidence, ambition, and the conviction that our best work still lies ahead.
The future belongs to those who prepare for it—together.
Wishing you and your families a happy, healthy, and fulfilling 2026.
With warm regards,

Mahesh Iyer
