Datamatics Global Services Ltd

Dr. Lalit S. Kanodia

Founder and Chairman

Dear Shareholders,

As we reflect on the past year, I am delighted to share the achievements and advancements of your company, Datamatics Global Services Ltd. FY24 has been a year of significant milestones and industry recognition for your company.

The global economic landscape is gradually improving, with the World Economic Outlook projecting a growth rate of 3.2% in 2024. Datamatics has navigated the market challenges with resilience and strategic foresight. Our consolidated revenue for FY24 stood at _1,550 Crores, a growth of 6.2% over FY23, a testament to our robust business model and dedicated team.

The IT technology landscape, particularly in AI, continues to evolve rapidly. AI's ability to analyze vast data volumes and emulate human reasoning is revolutionizing industries. Datamatics is at the forefront of this transformation, with our AI-First approach drivinginnovationandefficiency.At

Datamatics, we consistently invest in our research & development work on new, innovative and emerging technologies to create intelligent solutions for complex problems faced by enterprises. We were recently granted a patent for our proprietary AI-powered Intelligent Document Processing Software which is now called as TruCap+. This is a matter of great pride for me personally. Our efforts have not gone unnoticed. Datamatics has received numerous accolades, including recognition from Gartner, Everest Group, IDC, and ISG, among others. These recognitions underscore our commitment to excellence and innovation in digital technologies, digital operations, and digital experiences.

We also won a number of awards in the last year. Your company was recognized as Forbes Asia 200 Best Under a

Billion Companies 2023 as well as amongst India's Top 500 Value Creators 2023 by Dun & Bradstreet India. Datamatics was recognized by FINTECH India Innovation Award 2024 in the Best Customer Experience Service category for Automated Fare Collection Services. Additionally, Lumina Datamatics received the Operational Excellence through Digital Transformation Award at the 5th edition of the CII

DX Awards 2023 and was awarded with IMC RBNQ

Milestone Merit Recognition Awards in the Customers and Operations categories.

The Digital Technologies market is poised for continued growth, with worldwide IT spending projected to reach $5.0 trillion in the coming year. Datamatics is well-prepared to capitalize on this growth. Our strategic focus on hyperscalers and key markets such as the US and Europe will further enhance our capabilities and market reach.

As we look to the future, Datamatics remains committed to building a sustainable and resilient organization. We will continue to invest in our people, technology, and partnerships to drive long-term value for our shareholders. I extend my heartfelt gratitude to our customers, shareholders, employees, and partners for their unwavering support and trust in Datamatics.

In conclusion, I am con dent that your company is well-positioned to achieve new heights of success and growth in the coming years. Together, we will continue to drive innovation and excellence, creating value for all our stakeholders.