DEAR SHAREHOLDERS,
It is my privilege to address you as the Chairman of 1 Pointl Solutions
Limited and present the Annual Report for the financial year 2023-24.
The previous financial year, 2022-23, was a period of significant
growth and achievement for our company. Despite the challenges posed by the global
economic environment, we demonstrated resilience and adaptability, positioning ourselves
as a leading player in the BPO and ITES sector. Our focus on client-centricity, coupled
with the dedication of our team, enabled us to deliver strong financial performances,
marked by a substantial increase in both standalone and consolidated revenue and profit. A
testament to our growth strategy was the successful incorporation of our wholly owned
subsidiary, 1 Pointl USA Inc. and 1 Pointl Singapore PTE Ltd. to expand our global
footprint.
Building on this momentum, the current financial year, 2023-24, has
been marked by strategic expansion and investment. A pivotal development has been the
acquisition of ITCUBE Solutions Private Limited, a global IT services leader with a strong
track record of delivering innovative software solutions. This strategic move
significantly enhances our technology capabilities and expands our global reach.
I am pleased to report that your company has achieved significant
growth in our financial performance. This achievement is a testament to the dedication and
hard work of our employees, as well as the trust and support of our valued clients.
The standalone revenue from operations have increased from ?14,025.47
lakh to ?15,947.48 lakh, an increase of ?1,922.01 lakh (14%) over the previous financial
year. The standalone Profit After Tax (PAT) has increased from ?876.31 lakh to ?2,237.71
lakh. The consolidated revenue from operations has increased from ? 14,025.47 lakh to
?16,976.31 lakh, an increase of ?2,950.84 lakh (21%) over the previous financial year. The
consolidated Profit After Tax has increased from ?878.96 lakh to ?2,138.15 lakh. A
detailed analysis of the consolidated results forms part of the Management Discussion
Analysis Report is provided separately as a part of Annual Report.
Looking ahead, we are committed to further strengthening our position
through inorganic growth, exploring opportunities for mergers and acquisitions with
companies having a global presence. Additionally, we are investing in cutting-edge
technology to develop new software solutions and platforms that will drive future growth
and innovation.
I would like to express my sincere gratitude to our shareholders for
their continued support and belief in our company. The dedication and hard work of our
employees, the trust of our clients, and the collaboration of our partners have been
instrumental to our success.
As we navigate the evolving business landscape, we remain committed to
delivering exceptional value to our stakeholders. With a strong foundation, a talented
team, and a clear strategic vision, I am confident in 1 Pointl Solutions Limited's ability
to achieve sustained growth and success.
Thank you for your continued belief in our company.
AKSHAYCHHABRA
Chairman & Managing Director DIN:00958197