Dear Shareholders,
I hope this letter finds you in good health and high spirits. As we conclude another
remarkable financial year, I am honoured to address you and share our achievements,
challenges, and vision for the future. This year has been a pivotal one for our company,
marked by significant achievements, strategic initiatives, and robust financial
performance, despite the challenging economic landscape.
Financial Performance:
Our company has delivered a solid financial performance this year. We have achieved a
revenue growth of 25.83% year-over-year, reaching a total revenue of INR 6750.16 crores.
This growth has been driven by our strong presence in the education and IT services
sectors, as well as the successful execution of several key projects. Our net profit for
the year stands at INR 473.94crores, reflecting a 2.02% increase from the previous year.
This consistent growth underscores our commitment to delivering value to our shareholders.
Market Dynamics and Strategic Initiatives:
The Software and Education industry continues to evolve rapidly, and we have
proactively adapted to these changes. Our strategic initiatives have focused on
innovation, customer-centricity, and operational excellence. Under the ICT Education
segment, due to various projects being implemented by the company we have seen a steady
flow of income which has sustained the company financials. During the
financial year 2023-24 we have been successfully running various ICT Projects awarded
to us by the Government of Rajasthan and have also started operation and implementation of
new ICT Project in 412 Government Schools worth Rs. 59.76 Crores and 301 BRC's worth Rs.
18.27 Crores. Keeping in view the strong focus of Central Government and State Government
on the ICT segment, we intend to get more ICT projects during the upcoming financial year
2024-25.
As you know that your company is also engaged in the Skill Training Projects under
various Government Flagship schemes like Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Deen
Dayal Upadhyaya Grameen Kaushal Yojana (DDU-GKY) and various State Government Schemes
under Rajasthan Skill and Livelihoods Development Corporation (RSLDC), we are striving to
broaden its base during the upcoming times and intend to strengthen the hands of the
Central and State Government to achieve the envisaged goals under these Public Private
Partnership (PPP) projects.
Our subsidiary CSL lnfomedia Private Limited is also performing well in its sphere and
its news channel JAN-TV is amongst the leading news broadcaster of Rajasthan. This news
channel is available free of cost to public in general on Tata Play (1185), Airtel DTH
(355), JIO Fibre (1384) and various other OTT platforms like JIO TV, YouTube etc.
Our progress in Hotel & Hospitality sector is good and progress is ongoing. The
finishing work of our Heritage Hotel is under progress, and we assure you that we will try
our best to complete the project within this financial year. Work on the project of cold
chaining and commodity storage/trading segments remained under progress during the
financial year 2023-24.
Operational Excellence:
Our focus on operational excellence has yielded significant improvements in our
efficiency and productivity. We have implemented advanced project management tools and
techniques, which have enhanced our ability to deliver projects on time and within budget.
Furthermore, we have invested in training and development programs for our employees to
ensure they possess the skills required to excel in a rapidly changing technological
environment.
Sustainability and Corporate Responsibility:
At Compucom Software Limited, we are committed to sustainability and corporate social
responsibility. This year, we have continued to strive for reducing our carbon footprint
through various green initiatives and have continued our efforts to support education in
underprivileged communities. Our CSR activities have made a positive impact on society,
and we remain dedicated to contributing to the well-being of the communities in which we
operate.
Outlook for the Future:
As we look to the future, we are optimistic about the opportunities that lie ahead. We
will continue to focus on innovation, customer satisfaction, and operational excellence to
drive sustainable growth. Our strategic priorities for the next financial year include
expanding our global footprint, enhancing our digital capabilities, and exploring new
avenues for growth in emerging markets.
Appreciation:
I would like to express my heartfelt gratitude to our shareholders for their unwavering
support and confidence in Compucom Software Limited. I also extend my appreciation to our
dedicated employees, customers, and partners for their contributions to our success.
Together, we have built a strong foundation for future growth and prosperity.
In conclusion, the fiscal year 2023-24 has been yet another chapter of accomplishment
and growth for Compucom Software Limited. We are excited to continue this journey with
determination and enthusiasm, and I look forward to sharing more successes with you in the
years to come.
Thank you for your continued trust and support.
Warm regards,
Surendra Kumar Surana
Managing Director & CEO Compucom Software Limited