Dear Investors,
It gives me immense pleasure to inform you that we have recorded a year of significant
growth across our businesses, highlighting our solid financial health and operational
excellence.
Since our inception, we have relentlessly upheld the values that define our company.
Our commitment to innovation, integrity, and for providing the best services has been the
cornerstone of our success. It is your unwavering support and trust that has driven us to
attain remarkable milestones year after year. At DuDigital Global, we focus on revenue has
as much as profitability. This strategic approach has led to a shift from maximizing
output to maximizing margins, strengthening value addition, realizations, and overall
margins.
Our financial performance this year has been outstanding. We successfully increased our
profit after tax (PAT) through efficient expense management. This resilience underscores
our commitment to maintaining financial stability even under changing circumstances. Our
net worth has increased, making us eligible for Ministry of External Affairs (MEA) tenders
a significant milestone for our growth. We also acquired Virtuworld Tourism LLC, a
UAE-based company, marking a critical step in our expansion efforts. Additionally, we have
ventured into a new business license vertical to assist in establishing businesses in the
UAE's tax-free zones and mainland areas.
Our journey has been marked by a relentless pursuit of excellence and innovation.
Specializing in a highly niche segment with limited global players, our extensive domain
knowledge sets us apart as leaders in the field. Having successfully processed over 1.50
million visa applications, our track record speaks volumes about our commitment to
efficiency and reliability. At the core of our operations lies a technological edge,
exemplified by the growth of DuVerify, a cutting-edge verification service. This year, we
expanded DuVerify's services to include Georgia and South Korea, reinforcing our
dedication to leveraging technology for enhanced service delivery.
Looking ahead, we plan to apply for new tenders and pursue expansion opportunities
through acquisitions and joint ventures. Our dedication to the travel industry remains
steadfast, as we continue to streamline the visa application process and provide
comprehensive verification services to consulates. We are also excited to launch new
services to further improve our offerings.
Our stakeholders play a crucial role in shaping our decisions. We welcome your
insights, concerns, and suggestions as we continue on this journey together. Your feedback
enriches our understanding and helps us make more informed choices.
I am incredibly proud of our collective achievements thus far. Our unwavering
commitment to excellence sets us apart, and I am excited about the promising future that
lies ahead for DuDigital Global.
Thank you for your continued trust and support.
A Message from Chief Executive Officer
Dear Stakeholders,
As we reflect on the how DuDigital Global has navigated through and emerged stronger
after the pandemic. Our resilience, innovation, and unwavering commitment to excellence
have been the driving forces behind our success.
The pandemic posed unprecedented challenges, but it also presented opportunities for
growth and transformation. At DuDigital Global, we embraced digital innovation and
accelerated our adoption of advanced technologies. This shift enabled us to streamline our
operations, enhance our service offerings, and better serve our clients in a rapidly
changing environment.
Despite our achievements, the last year was not without its challenges. We faced
disruptions in fluctuating market demands and evolving regulatory landscapes. However, our
team's agility and proactive approach allowed us to navigate these obstacles effectively.
Several initiatives have significantly contributed to our revenue growth. Our
innovative DuVerify service, which provides as we expanded DuVerify's services to include
Georgia comprehensive and South Korea. Additionally, the expansion of our business license
vertical in the UAE's tax-free zones and mainland areas has opened new revenue streams. We
are also working on and will soon be introducing an online portal for visas for direct
customers, further enhancing our service portfolio. In addition, we have set up a
dedicated salesforce to expand our travel agent network, further strengthening our market
presence and reach.
Furthermore, DuDigital Global offers a range of value-added services at our Visa
Application Centres, including Premium Lounge access, Visa at Your Doorstep, Form Filling
Assistance, and Courier Services. These services are designed to provide additional
convenience and support to applicants, ensuring a smooth and hassle-free process. These
strategic initiatives, combined with our focus on operational excellence, have driven our
financial success.
At DuDigital Global, we believe that our people are our greatest asset. We have
fostered a supportive and inclusive work culture that prioritizes employee wellbeing. Our
initiatives include flexible work arrangements and focus on continuous professional
development opportunities. By creating a positive work environment, we empower our
employees to thrive and contribute to our collective success.
Looking ahead, we have ambitious plans for business expansion. We will continue to
explore new markets and expand our service offerings through strategic acquisitions and
joint ventures. Our goal is to solidify our position as a leader in the travel industry
while driving sustainable growth and delivering exceptional value to our stakeholders.
In conclusion, I am confident that with our shared commitment to excellence,
innovation, and sustainability, DuDigital Global will continue to achieve remarkable
milestones. I extend my heartfelt gratitude to our stakeholders for their unwavering
support and trust.
Thank you for being a part of our journey.