Dear Shareholders:
I am pleased to welcome you to the 36th Annual General Meeting (AGM) of your
Company and share with you its 36th Annual Report for FY 2023-24. This AGM, is
being held on-line with video dial-in to enable convenient participation to our global
shareholder base.
Since my previous note to our shareholders, we are beginning to see growth in our
business. However, our growth is not satisfactory as India is growing at a fantastic rate.
And we need to participate in the growing economy, positioned to grow at. We are energized
and focused on leveraging our size advantageously. My mantra "act small, think big,
deliver big" has not changed and does not require any introduction and has served us
well in the past.
Last report, I spoke about addition of new initiatives to our portfolio including
generative artificial intelligence, services and growth and may be high growth services
and solutions. We have more to do but have laid a foundation for growth. We need to expand
our team to benefit from these initiatives to participate both in growth at home and rest
of the world. However, we remain very selective in the choices we make as we execute our
strategy.
I am proud of our team and their determination to position your company for future
growth and use our small resources wisely. We continue to manage our long-term vision at
the expense of our short-term earnings. We plan to use our size, agile decision making,
support of our shareholders and our board of directors to prudently choose incremental
accretive opportunities.
On behalf of Company's Board of directors and members of our team, I am thankful to
each and every Shareholder for showing trust; confidence; and support to the management of
the Company.
I strongly believe that our best days are ahead and look forward to providing updates
through shareholder communication channels, for example SpeakUp.
With best regards and wishing you and your families a great year ahead.
Par Chadha
Chairman & Executive Director