Human Capital Manufacturing Capital Our employees comprise our human capital. Most of them are professionally qualified and contribute a wealth of expertise and integrity. We invest significant financial capital in building our human and intellectual capital to attract and retain these high-calibre employees that are the backbone of our Company. They are passionate and committed to quality and operational excellence. This capital consists of our production assets, distribution infrastructure and facilities that enable us to conduct our business. We invest in these assets to expand our portfolio to deliver on our brand-specific value propositions. We also deploy these resources to create systems and processes conducive to constant improvement. HOW WE CREATE AND PRESERVE VALUE USING HUMAN CAPITAL HOW WE CREATE AND PRESERVE VALUE USING MANUFACTURING CAPITAL • Ensured ongoing employee benefit programs, including health insurance, etc. • Focused on inclusion, diversity and fair treatment of all employees • Ensured benchmarked compensation and rewards and recognition 3,225 Total employees 3,263 Total contractual workforce • We implemented several initiatives in augmenting production processes and supply chain that resulted in efficiency improvement • We utilised ways to optimise resource consumption, enabling lower wastages, etc. • We ensured strong cost discipline across our operations 10,000+ Village-Level Milk Procurement centres 2.78 MLPD Total milk processing capacity STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 23 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24
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