Navneet Education : Annual Report 2020 – 2021

ReinforcingHope,

Igniting Minds

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ANNUALREPORT

2020-21

Key Facts.........................................	06
Corporate Information....................	07
Journey So Far................................	08
Our Identity......................................	09
Evolution Over The Years...............	10
Segmental Overview.......................	12
Products.........................................	14
Awards & Accolades......................	17
Global Presence.............................	18
Pan India Presence.........................	19
Manufacturing Plants.....................	20
Board Of Directors..........................	22
Chairman's Letter............................	28
Five Years At A Glance...................	30
Key Financial Ratios.......................	31
Financial Momentum.....................	32
eSense.............................................	36

Committed To Create A Difference...38

WHAT'S

INSIDE

Management Discussion and Analysis	....40
Notice.........................................................	49
Directors' Report........................................	56
Corporate Governance Report..................	86

2

Standalone Financials
Independent Auditor's Report........	119
Balance Sheet.................................	128
Statement of Profit And Loss........	129
Statement of Cash Flows...............	130
Statement of Changes in Equity....	132
Significant Accounting Policies.....	133
Notes on Financial Statements.....	149
Consolidated Financials
Independent Auditor's Report........	203
Balance Sheet.................................	210
Statement of Profit And Loss........	211
Statement of Cash Flows...............	212
Statement of Changes in Equity....	214
Significant Accounting Policies.....	215
Notes on Financial Statements.....	234

Statutory

Reports

1	Corporate	Financial	3
Overview	Statements

REINFORCING HOPE, IGNITING MINDS

Year 2020 was marked with the world dealing with a pandemic and global economic recession, the impact of which was visible in every industry. Education was one of the most severely hit sectors, forcing schools and institutions to come to a grinding halt and rely on digital methods, while most state board schools, one of Navneet Education's main focus area, saw several challenges in implementing teaching through online platforms. India, a developing economy with a massive youth population, displayed determination and innovative measures to overcome such uncertain times. The main goal was to reinforce hope within people of a better and brighter tomorrow given present challenges.

The purpose of education is to brighten lives in the darkest times. Education empowers masses to solve the biggest problems and come out victorious. Amidst the pandemic and the continuing economic instability, Navneet Education took the initiative to bring feasible solutions to students and continued igniting the nation's young minds.

Over the last year, Navneet Education enabled high-quality and efficient digital products provided seamless connectivity and convenience to both teachers and students across the area of its operations. By ensuring remote access to study materials and easy-to-use programs, we fulfilled our mission. With the education system yet to be on track for the long-term,technology-based smart solutions are a viable alternative. As the world strives to return to the pre-Covid times, we at Navneet Education will continue to enrich and uphold educational systems.

Learning gives creativity, creativity leads to thinking, thinking provides

knowledge,knowledge makesyougreat

- A. P. J. Abdul Kalam

The quest for greatness has transformed humankindfrom hunter-gatherers to world explorers. Atthe core ofthis transition is education,which motivates aperson to become their best version.All the corefactors of education - learning, creativityand thinking have broughtpositive changes andignited minds. This is exactly what NavneetEducationwants toconsistently achieve.

Over the years NavneetEducation is synonymouswith the best educationalmaterials for students. Thededication of being the bestis reflected on thestudents who choose Navneetfor their learning. Our solutionsrest on laurelsof easy-to-use,convenientand accessible forall. With the continuous successwe have hadin the industry, we look forward to touching more lives overthe globe and helping more students realise their dreams with the power of knowledge.