Page 20 - Kolte Patil AR 2019-20

Spotlight mindset
At Kolte-Patil, we believe that we are always being watched – watched by
our colleagues, watched
by regulators, watched by stakeholders, watched by prospective customers, watched by the world at large. Whether we are
being watched or not is immaterial; what we believe is important is to be the role model through thought and action, putting a premium on what we are, what we do and how we are perceived.
Long-term
At Kolte-Patil, we are a long- term-focused Company - by the nature of products that we create to the way we perceive our existence. We don’t just create products that will last generations; we expect to exist across generations as well. This aspiration puts a premium on our capacity to think long-term: this is reflected in virtually everything that we do. Whether it is the kind of ERP we invest in; whether this is related to the kind
of equipment we seek to buy; whether it is related to the size and location of the township we seek to grow; whether this is related to the pedigree of the private equity partner we wish to collaborate with in building one of our projects.
Focus
At Kolte-Patil, we believe that the narrower the field of competence the bigger the possibility of specialisation and sustainable competence. In view of this, we have selected to not diversify into any unrelated business but deepen our capabilities and competitive advantage. At our Company, we have deepened this sense of focus: we see our role as an efficient convertor who creates properties
in the lowest cost in the quickest time and at the highest quality rather than as a Company that would rather buy, trade or invest in extensive land banks (except when we are building townships).
Controlled growth
At Kolte-Patil, we believe that one of the biggest drivers of our sustainable growth is that we have never consciously desired
to become the biggest in our business at any cost; on the contrary, the dominant position that we enjoy in Pune has been derived from measured and controlled growth where we conducted business within the perimeters of our Balance Sheet – drawing down
debt, maximising accruals and responsible capital allocation. The result: we have remained asset-light and profitable through some of the most challenging market cycles.
18 | Kolte-Patil Developers Limited