My sincere regards to all,
We started our Business from the office Automation products and at
present we are engaged in assembling of innovative products and systems Integrator of
multifaceted solutions of leading quality products like Interactive Flat Panel,
Interactive Board, Digital Podium, Digital Kiosk, CCTV Cameras to esteemed customers in
sectors like Government, PSUs, Education, Defense. We provide wide choice of
"Innovative Solutions", providing service to Government organizations across
India through Government e Marketplace (GeM).
We are engaged in assembling of innovative products and systems
Integrator of multifaceted solutions of leading quality products like Interactive Flat
Panel, Interactive Board, Digital Podium, Digital Kiosk and CCTV Cameras. We procure
semi-finished goods locally and to some extent we import it from China. Such semi-finished
good are then assembled at our godown located in Gujarat. However, in order to fulfill the
demand of our customers on time, we sometime outsource such assembling work to third
party. Such outsourcing is only to cater high demand and on time supply. Total ratio of
Outsourcing assembling and in-house assembling is 20:80.
Further I am pleased to present the 13thAnnual Report of Your Company
for FY 2022-23.
To turn now to the performance in FY 2022-23, your company has achieved
commendable results;
? Our Total revenue for the year is Rs. 3427.59 lakhs as compared to
Rs. 3231.51 lakhs in the previous year. ? Our Profit before tax was Rs. 121.11 lakhs as
compared to Rs. 134.36 lakhs in the previous year. ? Our Profit after tax was Rs. 81.62
lakhs as compared to Rs. 107.21 lakhs in the previous year.
Your Company was incorporated as "Richa Info Systems Private
Limited" at Gandhinagar on October 1, 2010, under the provisions of the Companies
Act, 1956 vide certificate of incorporation issued by the Assistant Registrar of
Companies, Gujarat, Dadra and Nagar Havelli. Subsequent to the conversion of our Company
into public limited company, the name of our Company was changed to "Richa Info
Systems Limited" and fresh certificate of incorporation dated September 14, 2021 was
issued by the Registrar of Companies, Ahmedabad.
As we continue in our Endeavour to aspire to be a respected and
responsible enterprise, we commit to being focused on our core positioning of value-retail
and remain accountable to all our stakeholders and society at large. We will constantly
pursue to delight and surprise our customers with good products at great value every
single day.
I, on behalf of our team assure you of our singular commitment to the
growth of Company with ethics and integrity. I would express my gratitude to our diverse
stakeholders, our customers, vendors, bankers, all the team members and the board of
Directors for their continued support in the growth journey of "Richa Info Systems
Limited."
I solicit your continued cooperation in materializing this vision.
Best Regards,
Tushar Dineshchandra Shah
Chairman cum Managing Director DIN: 03115836