I am delighted to reflect on the phenomenal journey of our company throughout the fiscal year 2023-24. The year has been marked by significant achievements and milestones that underscore our commitment to growth and excellence. With great pleasure, I share that we have achieved a remarkable revenue of Rs. 800 Cr this year, representing an extraordinary growth rate of 117% year-on-year in our top line and an impressive 170% year-on-year growth in our bottom line. However, I am even more excited about the prospects that lies ahead. Looking forward, we are optimistic about sustaining or achieving even greater growth in the fiscal year in 2024-25 than what we have shown last year. Our confidence is encouraged by our strong order book on hand across all our business verticals.

Our journey has been marked by consistent and impressive growth, with a stellar 53% Compound Annual Growth Rate (CAGR) in revenue over the past 12 years. This remarkable achievement is a testament to the dedication and hard work of our team, the trust placed in us by our valued customers and partners and the unwavering support of our shareholders.

The decision to proceed with the IPO and the subsequent execution plan were initiated on March 2023. We have appointed merchant banker, market maker, registrar of the issue, legal advisor, and market researcher. The Draft Red Herring Prospectus (DRHP) was successfully submitted, followed by the Prospectus. Road shows were organised in Mumbai, Hyderabad, and Vijayawada, with the webcast being accessed nationwide. Everyone is familiar with the rest of the story.

The IPO of Bondada Engineering Limited turned out to be one of the most successful in the SME segment to date. The company's strong financial performance and promising growth prospects attracted substantial investor interest. resulting in an overwhelmingly positive market response. The successful IPO launch underscores Bondada Engineering's strategic positioning and the market's confidence in its future.

The successful IPO marks a significant milestone in Bondada Engineering Limited's journey. With the capital raised from the public offering, the company is poised to scale new heights in the EPC sector, particularly in the Telecom and Solar industries. This achievement not only strengthens Bondada Engineering's financial foundation but also enhances its credibility and visibility in the market

In conclusion, I convey my heartfelt appreciation all our employees for their sincere and dedicated efforts and would like to express my gratitude to all the stakeholders i.e. Shareholders, Customers, Bankers, Partners, Statutory authorities and Other business associates for their continued support and confidence in our company. Rest assured, we are fully committed to achieving our targets for 2025 and beyond, leveraging our strong order book, impeccable track record, and talented team to drive sustainable growth and create long-term value for our shareholders.