"Embracing future opportunities while advancing excellence in
infrastructure."
Dear Shareholders,
As we reflect on the financial year 2023-24, it is with immense pride and deep
gratitude that I am addressing you. This year has marked a period of both significant
progress and considerable challenge for Suyog Telematics Limited. Through our collective
efforts, strategic vision, and unwavering commitment, we have adeptly navigated the
evolving landscape of the telecom infrastructure industry, setting the stage for a
promising future. I am honoured to share our accomplishments and outline our strategic
path forward.
Our performance this year has been marked by remarkable strides in advancing our
telecom infrastructure, particularly in support of the deployment of 5G technology. By
modernizing our infrastructure to meet the sophisticated demands of 5G, we have
established ourselves as a pivotal enabler of next-generation connectivity. This alignment
with the increasing demand for high-speed, reliable telecom services underscores our role
in shaping the future of telecommunications. Our efforts have not only strengthened our
service capabilities but have also driven notable revenue growth, reflecting the success
of our strategic investments.
The achievements of this past year are a testament to the combined efforts of our
valued stakeholders, each of whom plays a crucial role in our success. Our customers
remain at the heart of everything we do. Their evolving needs drive us to continuously
innovate and enhance our services. Our shareholders, whose steadfast support and
confidence in our vision are instrumental, provide the foundation upon which we build our
strategies and drive our success. Our management team, with their exceptional leadership
and strategic foresight, steers us through industry challenges and opportunities with
remarkable skill.
Our employees are the true backbone of our operations. Their dedication, hard work, and
commitment to excellence are fundamental to our achievements. It is their tireless efforts
that enable us to execute complex projects and maintain our high standards of service.
Additionally, our partners play a pivotal role in our site execution. Their collaboration
and support ensure that we have the resources and expertise necessary to deliver on our
ambitious plans.
This year, our focus on upgrading and expanding our telecommunication infrastructure
has been a key area of success. In FY25 and FY26, we are set to deploy over 10,000 passive
towers, including macro towers and small cell towers. This extensive rollout is crucial
for supporting the deployment of 5G technology and meeting the growing demand for
high-speed connectivity. Our execution capabilities in tower deployment are robust,
supported by meticulous planning, precise coordination, and a commitment to delivering
high-quality infrastructure efficiently and effectively.
In parallel, we intend to lay down 5,000 kilometers of optical fiber network cables in
FY25 and FY26. This strategic investment will provide the essential backhaul connectivity
required to support our 5G infrastructure, ensuring that our network remains robust and
reliable. Our focus on optical fiber is part of our broader commitment to enhancing
network efficiency and capacity, enabling us to deliver superior service and performance.
Looking to the future, the Fiber-to-the-Home (FTTH) sector is poised for significant
growth over the next 3 to 4 years. Although still in its developmental stage, FTTH
technology is expected to experience a boom driven by the shift from Average Revenue Per
User to Average Revenue Per Home. This shift represents a broader approach to revenue
generation and presents substantial new business opportunities. We are strategically
positioned to leverage this growth through targeted investments in FTTH infrastructure and
a proactive approach to capturing emerging market demands.
Our commitment to innovation extends beyond technology. We are also focused on
enhancing our telematics solutions and integrating cutting-edge technologies to drive
sustained growth. As the telecom industry continues to evolve with rapid technological
advancements and shifting regulatory landscapes, we are well-prepared to meet these
challenges head-on. Our operations are efficient, ensuring highest standards in every
aspect of our business. Our strategic investments and partnerships are designed to
capitalize on emerging opportunities and adapt effectively to market changes.
None of these achievements would have been possible without the collective
contributions of our stakeholders. To our customers, shareholders, management team,
employees, and partners, I extend my heartfelt gratitude. Your support, dedication, and
collaboration are the pillars of our success and the driving force behind our continued
progress.
As we move forward into the new fiscal year, we are energized by the opportunities
ahead and resolute in our commitment to achieving new heights. Together, we will continue
to drive innovation, embrace challenges, and work towards our shared vision of growth and
success.
Thank you for your continued support and partnership.
Sincerely,
Shivshankar Lature
Chairman & Managing Director
Suyog Telematics Limited