Achieving sustainable development goals through elevating socio-economic status Harjit Singh Faculty School of Business, Galgotias University, Greater Noida, India, and Nikunj Aggarwal Delhi University, Delhi, India Abstract Purpose – The purpose of this study is to examine the financial and operating performance of Saraswati Sugar Mills Limited and its impact on the society in the employment generation and upliftment of the socio-economic status. The study also aimed at finding out the factors responsible for low performance (if any). It helped in comparison of changes in static data from years 1995-1996 to 2010-2011. Design/methodology/approach – Ratio analysis and quantitative techniques such as discrete and continuous time approach has been used to analyze the data. To do financial appraisal, five financial ratios namely working capital turnover ratio, percentage of net sales to capital employed, percentage of gross profit to capital employed, cost output ratio, and value added per man/month were calculated and analyzed to understand the changes in financial and operating position of the company. Findings – The findings revealed the mixed trends of profit and losses. Net sales and capital employed showed an increasing trend while percentage of net profit to capital employed and cost output ratio declined from 1995-1996 to 2010-2011. Working capital was utilised effectively. Value added per man/month also registered an increase of 120.11 percent. In nutshell, the financial and operational performance analysis shows the efficiency of the Saraswati Sugar Mills Private Limited and its contribution towards sustainable development of its immediate society. Research limitations/implications – The ideal situation could have one if a comparative analysis of both private as well as co-operative sugar mills can lead to a better analysis and therefore, to a better practical approach. Originality/value – This study provides a framework for performance evaluation when both discretionary and non-discretionary variables are to be taken into consideration. Keywords Sustainable development, Effective management practices, Cost reduction, Profits, Capital employed, India Paper type Research paper 1. Introduction Achieving sustainable development goals is a must for an agrarian economy like India’s. Agriculture in India has a significant history. Today, India holds the second worldwide position in farm output. The economic contribution of agriculture to India’s GDP is gradually decreasing with the rise of the service and manufacturing sector. Still, agriculture is demographically the biggest economic sector and plays a vital role in the overall socio-economic fabric of the country. According to Bull and Willard (1993): The current issue and full text archive of this journal is available at www.emeraldinsight.com/1059-5422.htm Competitiveness Review: An International Business Journal Vol. 23 No. 4/5, 2013 pp. 398-407 q Emerald Group Publishing Limited 1059-5422 DOI 10.1108/CR-04-2013-0042 CR 23,4/5 398