Dear Shareholders,
It is with great pride and positiveness that I present to you the Director's Message
for the fiscal year 2023-24. This year has been a remarkable chapter in the ongoing
journey of Exhicon Events Media Solutions Limited, marked by significant milestones,
substantial growth, and commitment to our core values.
The global exhibition industry continues to evolve and investors should look towards
the exhibition industry with optimism. The sector is poised for sustained growth, driven
by the increasing need for face-to-face interactions, brand showcases, and
knowledge-sharing platforms. The exhibition industry is witnessing unprecedented momentum,
with global revenues projected to grow by 20% in 2023 & 2024 and a further 17%
globally year-on-year, as reported by the UFI Global Barometer. This sector, which is
often seen as a barometer for economic vitality, is on the brink of a record year in 2024.
The exhibition industry is set for continued expansion, with 77% of companies planning
to expand their activities and 43% eyeing new markets, according to the latest industry
insights. As a company offering 360-degree solutions for all exhibition requirements,
Exhicon is uniquely positioned to benefit from this growth trajectory.
We recognize the importance of staying informed and connected within the industry. Our
monthly publication, Trade Fair Times, continues to be a vital resource for industry
insights and trends. With editions in both India and Arabia, Trade Fair Times has become a
trusted source of information. This initiative not only strengthens our thought leadership
in the exhibition space but also ensures that our clients and partners are always equipped
with the knowledge they need to succeed.
Reflecting on our journey, Exhicon has grown beyond expectations, evolving from a
single entity into a group with a diversified portfolio of subsidiaries. Exhicon has
experienced substantial growth across multiple dimensions. Our team has expanded, bringing
in diverse talents and expertise, which has been instrumental in driving our success. We
have also grown geographically, with new offices and venues that strengthen our presence
both in India and overseas.
Our growth strategy has been further supported by the efforts of our M&A team.
Aligning with our internal policies and strategic goals, we have successfully completed
seven acquisitions to date, including two overseas acquisitions in the UAE and five within
India. These acquisitions have been carefully selected to enhance our service offerings,
expand our market reach, and solidify our position as a leader in the exhibition industry.
Our M&A team continues to work diligently, maintaining a robust pipeline of
potential acquisitions that align with our vision for the future. We remain committed to
onboarding growth companies that complement our existing strengths and open new avenues
for expansion.
The future plans of Exhicon are ambitious aiming to capitalize on emerging
opportunities while delivering consistent value to our shareholders. I am confident that
Exhicon is on a path to even greater achievements. The forecast for 2024 points to
unprecedented revenue growth, surpassing the
post-pandemic recovery of 2023 and we will continue to leverage our expanded
capabilities and resources to deliver unparalleled value to our clients, shareholders, and
the communities we operate in. The journey ahead is one of promise and potential, and we
are excited to embark on it together with your continued support.
In conclusion, I want to extend my deepest gratitude for your unwavering trust and
belief in Exhicon. FY 2023-24 has been a year of transformative growth, and we are poised
to continue this momentum in the years to come. Thank you for being an integral part of
our story.
Warm regards,
M.Q Syed
Chairman and Managing Director
Exhicon Events Media Solutions Limited