Dear Shareholders,
The 2023-24 was a special year for Ceinsys, wherein the company celebrated its 25 years
of robust operations. The year was significant as our agile leadership delivered highly
satisfactory financial performance amidst a challenging global environment.
The global economy faced headwinds due to worsening geo-political tensions driven by
the Russia-Ukraine conflict, multi-decade inflation and a challenging economic
environment. The Company views these tailwinds as growth opportunities and has
appropriately reconfigured its business model to deliver value to
its customers and stakeholders.
Performance Highlights
The performance throughout FY 2024 has been consistent and encouraging. The company's
operational performance and success are deeply rooted in its ability to innovate, set up
new standards, enhance processes and improve quality output to facilitate customer
satisfaction.
Despite the global turmoil, India has withstood much of this volatility and is
witnessing exciting times. The country is the fastest-growing major economy, and its
economic growth momentum continues, coupled with strong government intervention and
spending on infrastructure, modernisation, automation, etc., which has greatly contributed
to the momentum.
We look ahead with optimism and determination. Our businesses are well-positioned to
capitalise on the opportunities offered across various sectors. Our success has been based
on the ability to evaluate and prepare ourselves to seize opportunities to deliver robust
growth now and in future. Ceinsys continuously strives to integrate the latest
state-of-the-art technologies into its offerings that provide intrinsic value to its
customers.
International Expansion
On the international front, we have continued to expand and garner repeat and
value-added business from our existing and new clientele. We will continue to leverage and
enhance our footprint in India and overseas with a laser-sharp focus on providing
innovative and sustainable solutions to our customers, thus further strengthening our
presence and competitiveness in key markets.
Looking to the future, I am filled with confidence and optimism. With the skill and
dedication of our people and the exciting portfolio of our offerings, Ceinsys shall be
able to march forward in its successful, sustainable and profitable growth journey.
In our bid to expand and enhance our GLOBAL reach, we have taken the first step by
entering into an Asset Purchase Agreement with VTS, a US based company having exposure
into GEOSPATIAL in US.
This together with setting up a Wholly Owned Subsidiary at Singapore to expand our
reach to Tech enabled services- especially enabling setting up of DATA CENTRES in India
and abroad are some of the steps to carve out niche areas to be pursued in future. We are
pursuing to identify more targets to expand our business Organically and Inorganically in
areas aligned to our core strengths.
In conclusion, I would like to extend my sincere appreciation to our customers,
employees, partners and all other stakeholders for their continued trust and support.
Best Regards,
Sd/-
SagarMeghe
Non- Executive, Non-Independent
Director cum Chairman