Dear Shareholders,
It is my privilege to be writing to you as D-Link is the leading name in networking
solutions in India and is listed on the Indian stock exchanges. It is important to
highlight that we hold a unique distinction - we are the only overseas subsidiary of
D-Link Corporation that is publicly listed.
Looking back at the past year, in the midst of the ongoing Russia-Ukraine war and the
Israel-Palestine conflict, the global demand for internet terminal products has weakened
due to the tightening of currency resulting from the continuous rise in global inflation.
Looking ahead, the Company will continue to enhance its core competitiveness by launching
new quality products, carrying out in-depth development of cloud platform services, and
optimizing its product mix to increase profitability.
D-Link India's revenue and net profit have grown consistently at a healthy rate, over
the years. I am happy to report that the past year has been a very stable and seamless
experience for all our stakeholders. During this period, we refocused on our industry and
technology expertise, emphasized and refreshed core values and defined who we are as a
company and renewed our focus on customer centricity and employee empathy.
Your company has been a pioneer in the networking industry across technology cycles. At
each of these defining moments we refocused our strategy, reinvented ourselves and helped
clients transform their business to stay ahead of the technology curve.
With our knowledge and domain expertise, we have been the preferred partner for many
customers in their strategic initiatives. Our continued efforts in research and innovation
have further strengthened our core credentials.
Our ability to cycle through technology changes and continuously embrace new knowledge
and stay relevant gives us a significant edge over our competitors. As a result, D-Link
has been repeatedly recognized by the industry for our initiative and strength in R&D,
design, quality and brand marketing.
India is one of the fastest growing markets in the world, and D-Link (India) has been a
consistently top performing company.
We are also integrating sustainability into our business strategy and are making good
progress in building more sustainable solutions. We continue to enhance our Environmental,
Social and Governance commitments to play our part with greater urgency in building a more
sustainable world.
Our approach to talent is strategic - we consider our employees as key stakeholders in
our growth. We value tremendously the contribution of our employees to our success and
applaud their dedication and professionalism. I would like to take this opportunity to
thank all our people for their outstanding dedication and service to the company. Their
commitment ensures that we are the preferred networking company in an extremely
challenging environment.
In conclusion, D-Link India greatly appreciates every one of our customers,
shareholders, partners and associates for your unwavering support at all times. And last
but not least, I wish to express my sincere gratitude to our Board Members and our
management team for their ongoing trust and support.
Warm regards,
Sincerely,
Hung-Yi Kao
Chairman.