THRUSTING FORWARD WITH STRENDTH AND INTEGRITY

A CORPORATE PROFILE

M. Pallonjigroup of companies

AT THE TURN OF THIS CENTURY,A SMALL TRADING COMPANY WAS ESTABLISHED TO MARKET PAINTS.

75 YEARS LATER, IT HAS GROWN INTO AN ENTERPRISEENGAGED IN A MULTIFARIOUS RANGE OF ACTIVITIES.

M. PALLONJI GROUP OF COMPAN1ES

SYNONYMOUS WITH QUALITY OF SERVICE,GUARANTEED RELIABILITY, AND TOTAL CUSTOMER SATISFACTION.

THE M. PALLONJI GROUP OF COMPANIES INCLUDES:

∗ M. PALLONJI & CO. PVT. LTD.

∗ PALLONJI INVESTMENT & FINANCE PVT. LTD.∗ PALLONJI COATINGS PVT. LTD.∗ PALLONJI LEASING PVT. LTD.∗ TRAVOTEL (INDIA) PVT. LTD.∗ TAJ PRINTING WORKS.∗ STERLING MOTORS.

Besides the above, we have Associate Companies based in Dubai, Iran and Europe for trading andcontracting in overseas countries.

This corporate profile highlights the various fields in which we operate and illustrates some of the majorjobs undertaken by our Group establishments.

M. PALLONJI & CO. PVT. LTD.

M. Pallonji & Co. Pvt. Ltd. isthe Flagship Company of ourgroup. It is primarily engagedin contracting and has siteoffices all over India. Withindustrial coating and paintingas our forte, we

have undertaken majorcontracts for power generatingstations (hydro-electric and thermal),chemical and fertiliserfactories, petroleum refineries,offshore oil and gas platforms,etc.

Specialised services offeredare:∗ Sand-blasting, shot-

blasting and pneumaticchipping

∗ Acid resistant tile liningEpoxy lining of structures

∗ Dredging and reclamationHOME NEXT

∗ Removal of Marine Growth onOil Platforms, Rigs andSubmarine Structures.

∗ Jetty repairs and gunnitingworks onshore and offshore(using our own water-basedepoxies and specialisedcoatings).

∗ Inspection and survey ofpipelines by robot operatedvehicles (ROV).

Some of our clients include TataElectric Companies, Oil Natural GasCorporation, Nagarjuna Fertilisers kChemicals Ltd., HindustanPetroleum Corporation Ltd., TataEngineering & Locomotive Co.Ltd., The Associated CementCompanies Ltd., Special Steels Ltd.,Reliance Industries Ltd., GujaratState Fertilisers Co. Ltd., WesternIndia Shipyard Ltd., NationalFertilizers Ltd. and others.

We are registered with variousnational and internationalconsultants and have completed anumber of turnkey contracts throughthem. The national consultants areEngineers India Ltd., Udhe IndiaLtd., Engineering Projects IndiaLtd., Bridge & Roof Co. (India)Ltd.,

Hindustan Dorr-Oliver Ltd., DCMConsultants Ltd. and TataConsulting Engineers among others.The leading internationalconsultants are Bechtel Corporation,Stone and Webster, Brown andRoot, Snam Progetti SpA., Technip,Toyo Engineering Corporation,Humphreys Glasgow and Chiyoda.Our company is equipped with themost modern machinery and haskept abreast with the latestinternational technology anddevelopments which we suitablyadapt and incorporate for Indianconditions.

Our company is the pioneercontractor in India which hassuccessfully executed platform-based underwater marine growthremoval from ONGC structures atthe Bombay High offshore field on aturnkey basis. We own and operateplatform-based diving and cleaningequipment to man three separatelocations independently. Ourplatform- based diving technologyhas been adopted for offshorestructures in the North Sea as well.

Tata Electric Companies’ thermal generating station – the clean power life-line to Bombay city.

M. Pallonji &Co. Pvt. Ltd. is one ofthe select group of contractors inIndia which has undertaken:∗ Internal epoxy lining/coating of

urea prilling towers in fertiliserplants, having a diameter of 24-28 metres and a height of over100 metres.

∗ Turnkey painting/coating forONGC offshore platforms.

∗ Internal speciality coatings oflarge penstocks carrying waterto hydro-electric power stations.

∗ Repairs and gunniting ofconcrete marine jetty structuresand similar offshorefoundations.

∗ Blasting and painting forintegrated ship repair yards.

We are Patron Members of TheSteel Structures Painting Council,U.S.A. and Corporate SustainingMembers of NACE International,U.S.A.Keeping the interest of thecustomers in proper focus, theservices we offer are furthersupported by transparency ofbusiness transactions, execution ofcontracts with an in-built guaranteeof quality, reliability andsatisfaction.Our company has recentlydiversified outside our main line ofbusiness. Conscious that oil is not areplenishable natural resource, wedecided to venture into the field ofnon- conventional energy sources.Accordingly, we have recently setup a wind generation farm nearMuppandal in Tamil Nadu,consisting of three units with a totalcapacity of 1230 KW. We proposeto expand this capacityprogressively.

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Pip-lines at a major seaboard power station. Offshore oil and gas production platform.

Storage tank farm of a major petrolum refinery. Western India Shipyard Ltd.- one of the most modern in India.

Turbin hall of a 500 MW thermal power unit. Bird’s-eye view of an oil & gas production offshore installation.HOME NEXT

Urea prilling tower of a larg fertiliser complex. Sea-water circulating pumps at the jetty of a thermal powerstation.

Rehabilitation of pile caps at a marine jetty. Reclamation work in progress using geotextile & geogrid.

Dredging & desilting operations using modern pontoonmountedequipment.

Harnessing wind energy in Tamil Nadu.

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PALLONGJI INVESTMENT & FINANCE PVT LTD

This company was established to look after theinterests and finances of the M. Pallonji Groupof Companies.

Subsequently, to ensure quality in our paintingand coating contracts and with a ”backwardintegration” approach, i. e. from the rawmaterial stage to manufacturing paints tocontracting and then standing guarantee forwork executed, this company beganmanufacturing high quality paints/ coatings.

Have you heard of AquaEpoxy’? or Kenitex’?These two brand names are not unfamiliar inthe retail market when quality and durabilitycoatings are insisted upon.

Manufactured hy Pallonji Investment &Finance Pvt. Ltd. under exclusive licence fromACME, a division of Insulating MaterialsIncorporated, U.S.A., this Licence has beengranted only to six other corporations in theworld.

Aquaepoxy coating materials are a range ofwater- based epoxy emulsions. Available in avariety of formulations, these unique coatingsfind specific applications for buildings,concrete and masonry dams, seamless floors,bridge decks, silos, dock ramps and many otheruses.

Aquaepoxy has been utilised for this bridge spanning Thane creekHOME NEXT

kenitex is a texturised formulationmanufactured under licence from KenitexChemicals AG, Switzerland. The use ofKenitex has many advantages, the mostsatisfying being a guaranteed life expectancy of10 years and more This coating is 25/30 timesthicker than any other conventional paint. It hasfantastic adhesion qualities and since it absorbssound, it can also be used for acousticpurposes.

The company’s manufacturing facilities forboth the above product have been established atVapi in Gujurat State on the west coast of Indiawhere a full-fledged factory operates. Amongthe well- known users of both these coatingsare Bhabha Atomic Research Centre, Tata Ironand Steel Co. Ltd., Rashtriya Chemicals &Fertilisers Ltd., Leela Kempinski and PresidentHotels. Tata Electric Companies, variouscommercial high-rise buildings at NarimanPoint and the Public Works Department for thebridge spanninq the Thane Creek to Vashi inMaharashtra State.

The landmark on The eastern skyline of Bombay city the 275 metres tallchimney for the exit flue gases at Trombay thermal powre stationhighlights the Kenitex application.

Kenitex has been used for this building which houses Gas InsulatedSwitchgear for distribution Of reliable power supply to south Bombay.

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Specialised coatings under formulation at the Vapi factory.Pallonji Coatings Pvt. Ltd. has been recentlyincorporated with a view to strengthening ourbackward integration process and assisting ourflagship company, M. Pallonji & Co. Pvt. Ltd.,in sourcing the requirements for first qualitypaints and primers on an immediate basis.

Pallonji Coatings Pvt. Ltd. is completelygeared to manufacture thousands of liters ofpaint per

day and at very short notice, without sacrificingthe quality of the paint. The raw materialsourcing and purchasing are personallyapproved by one of the directors of thecompany. The quality of the paintmanufactured is of primary importance, as thispaint is used in the contracts executed by theflagship company, M. Pallonji & Co. Pvt. Ltd.,which always stands guarantee for the finishedproduct.

Pallonji Leasing Pvt. Ltd. commenced businessin 1992. Its main activity is to finance purchaseof trucks and other equipment under itsinnovative Hire Purchase and Lease schemes.As a result of the gradual yet continuousopening of the Indian economy and theaccompanying liberalisation programme, theIndian financial sector is being integrated withglobal markets.

With new opportunities being created, PallonjiLeasing Pvt. Ltd. has diversified into non-fundA range vehicles financed by Pallonji Leasing Pvt. Ltd.

and advisory business, the focus being onproviding Merchant Banking services, loan andlease syndications, debt and equity placements.Pallonji Leasing Pvt. Ltd. also dischargesportfolio and in-house funds managementfunctions for the Group. Pallonji Leasing Pvt.Ltd. is a registered Merchant Banker with theSecurities and Exchange Board of India.

By addressing the client’s business concerns,Pallonji Leasing Pvt. Ltd. structures schemeswhich suit individual needs at competitiverates. A dedicated work force, equipped withsophisticated information technology, providessuperior service and builds a strongrelationship, besides achieving total customersatisfaction. Constant repetition of dealingswith Pallonji Leasing Pvt. Ltd. is evidence ofour customer loyalty.

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Welcome to the world of Hotel Maya at Balrampur, Uttar Pradesh.

Travotel (India) Pvt. Ltd. was incorporated in1978 to provide management consultancy tovarious hotels. It has acquired the WesternGuest House from the palace of the Maharajaof Balrampur which is located on a site ofseven acres. Hotel Maya as it is known today,is situated at Balrampur in Gonda District,Uttar Pradesh. The town of Balrampur is enroute to an important Buddhist pilgrim centrenestling near the foothills of the Himalayas,close to the Nepal border. Shravasti, whereLord Buddha spent 24 years of his life, is

only ten kilometers away from Balrampur.Hotel Maya enjoys an excellent reputation andcaters to all the needs of local and foreignBuddhist pilgrims visiting Shravasti. The hotelhas well-appointed rooms and two full-rangerestaurants providing diverse cuisines.

Travotel (India) Pvt. Ltd. is a member of theParis- based International Hotel Association(IHA) and the Federation of Hotels &Restaurants Associations of India (FHRAI).

TAJ PRINTING WORKSWith increasing opportunities in thecommunication field, the acquisition of aprinting press made good business sense. TajPrinting Works, ideally located in the heart ofthe business district of Bombay, caters to theprinting

requirements of the M. Pallonji Group ofCompanies and others. Taj Printing Works wasestablished over 50 years ago and has anexcellent reputation for high quality personalstationery items.

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The expansive exterior and interior of the Sterling Motors at Nashik.

Sterling Motors is an associate member of theM. Pallonji Group of Companies. This

company is one of the original authoriseddealers for all products manufactured by the

Tata Engineering Locomotive Co. Ltd.(TELCO) for the territories of Nashik, Solapur

and Ahmednagar Districts since 1960.This company has grown substantially over thepast 35 years.In India today, TELCO is the largest integratedsingle manufacturer of commercial vehicles

ranging from heavy-duty trucks to passengertransport buses, and popular passenger vehiclessuch as Sierra, Estate and Sumo.Sterling Motors also provides after-salesservice for all TELCO products, includinggenuine spare parts, and servicing facilities atall three centres. Sterling Motors is also anauthorised dealer for the full range of taperedroller bearings manufactured by Tata TimkenLtd., a joint venture between Tatas and TheTimken Company, U.S.A., which is the leadingmanufacturer of such bearings in the world.

OVERSEAS OPERATIONSHaving established themselves strongly inIndia, the Chairman of the M. Pallonji Groupof Companies decided to expand their activitiesoverseas.

An exclusive arrangement for representingTELCO products in Iran has been granted tothe Chairman of the Group. Accordingly, anIranian company, Freshteh Sanat PJSC hasbeen established in Tehran which will assembleand sell TELCO light commercial vehicles at

present, and later the full range of vehicles inIran. A full distributorship network for the saleof TELCO vehicles and spare parts has beenorganised. After-sales service will also beprovided.

Another company, M.P. International HoldingsS.A., based in Dubai was established by theChairman to handle ancillary business andtrading activities in the Middle East, especiallyin Qatar and the United Arab Emirates.

The M. Pallonji Group of Companies takes justifiable pride in ’translating precept into practice.Our growth and proven track record of over 75 years have been built on our own corporatephilosophy of providing a quality of service comparable with the best in the world We have afoundation of faith, a tradition of trust. Ours is a business group whose strength lies in its roots.HOME NEXT

THE M. PALLONJI GROUP BASICS

* Promise

* Perseverance

* Perfection

* Performance

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CORPORATE OFFICE : 46/A, Cawasji Patel Street, Fort, Bombay 400 001, India.

Telephone: 091-22-204232/2854218/283058/2853080

TeleFax: 091-22-2855325/212998

Telex: 011-86951 MPEL IN

Registered Office: 87, Abdul Rehman Street, Bombay 400 003, India.

Telephones: 091-22-3424150/346607

Telegram: PALLONJIM