Page 2 - Newsletter Jan to Mar 2024, Volume-58

EDITORIAL

Allow yourself to be proud of your accomplishments and the progress you've made, especially
those strides unseen by others
Inspiration can be drawn from various sources and moments, a lesson we have learned from the
experiences of 2024. Through the continued dedication of our team, our quarterly Newsletter
remains a significant milestone, reflecting the remarkable journey we've embarked upon. Each
employee contributes a vibrant energy that adds up to script a daily success story for HUDCO. As
we unveil the latest edition of our newsletter (January to March 2024), it's a historic moment to
acknowledge the unwavering commitment of every employee this year.

Reform; Perform; Transform
Gratitude and appreciation form the cornerstone of any organization. Reflecting on the previous
quarter, I couldn't help but notice the impeccable work carried out by each team member. Your
dedication and integrity have ensured the seamless completion of both major and minor tasks.
Even though I may not be fully aware of the challenges you've faced, I have faith in your ability to
overcome them. Your collective navigation through these obstacles speaks volumes and
exemplifies the adage, "United we stand."

This quarter has witnessed remarkable growth, encompassing financial sanctions, disbursements,
the implementation of an operational e-office, near-live ERP, and external commercial borrowing,
among others.

Our efforts have also led to the signing of essential MOUs, the promotion of Rajbhasha Diwas, and
the facilitation of special guests invited by the Government of India on Republic Day. Additionally,
we've organized MEA and ITEC network training programs for international learners.

The list of achievements from this quarter is extensive. However, as we celebrate our successes, I
recognize our potential to further progress and shape a brighter, sustainable future. Let us seize
every opportunity to create a legacy of progress that will leave a lasting impact on the fabric of
urban India. I have great confidence in each of you. Keep up the excellent work.

Sanjay Kulshrestha
Chairman & Managing Director