We have established our products and services competencies across the global market. With the rising enquiries and the immense opportunities that lie ahead, we need to scale our innovation, digital, manufacturing and people capabilities to deliver with agility. With our enhanced execution prowess, we secure our future readiness and market share growth.
We are committed to continually improving the efficiencies of our product as well as improving energy equity and security. Through benchmarking with global best and collaborations, we are continually enhancing our R&D capabilities. Our association with globally renowned research institutes in fluid dynamics and aerodynamics have helped advance our energy conversion efficiency benchmarks. Our R&D focus on alternate energy solutions has resulted in significant advancements, including:
We have initiated a digital transformation journey to make the organisation more efficient and data-driven. In FY 24, we upgraded our Enterprise Resource Planning (ERP), from SAP ECC to RISE with SAP S/4HANA on a private cloud. A Human Capital Management System (HCMS) was implemented to digitise the HR process. We also initiated developing an integrated platform for knowledge management, field service and customer support that will assist in customer value generation and efficient value delivery. More efforts are underway towards enabling growth, enhancing productivity and increasing artificial intelligence (AI) usage.
We have significantly enhanced our network of vendors and subcontractors to assist our product development. Our relations with vendors in India and international markets, ensure steady availability of materials for uninterrupted operations. We engage skilled subcontractors for outsourcing some sub-assemblies, freeing up internal resources for value-added, core activities. We also resort to global sourcing for some critical components, electronics and instrumentation.
Our rapid expansion and the growing criticality of operations necessitate significant talent acquisition and competency development efforts. We have developed a robust people strategy, designed to drive our ability to innovate, adapt and deliver value to our customers and stakeholders. Towards this, we strengthened our workforce further in FY 24, and aim to hire more in FY 25 across the value chain and geographies.
We have successfully set up a subsidiary in Texas, USA, one of the biggest markets globally. This will be key to building a local presence and customer relationships in this crucial market and contribute to stronger growth in the coming years.
