Dear Shareholders

The Indian economy is considered one of the fastest growing economies globally with the projected GDP growth rate at 7% and above for the next few coming years. Further, India’s demographic dividend is expected to increase with the population growing from 1 billion in 2001 to 1.4 billion in 2026. 83% of that increase is estimated to be in the age group of 15-59age groups. If this dividend is harnessed by 2025, India will not only have 25% of the world’s total workforce, but India’s per capita income will be $4100, which currently stagger’s round $1,000.

Clearly the task ahead is to harness and develop the collective pool of knowledge and skill in the industry and to find ways and avenues of rightfully deploying the potential workforce in the years to come. This industry is marching ahead into advanced processes, innovation and product development that require a human resource with specialized skills especially computer related hardware and software skills for automation of business process. Converting people to be productive and industry ready necessitates radical reform in multiple aspects of the Indian ecosystem.

The education business has seen the entry of host of new vocational development institute. The Education Business is one of the high growth and happening industry with presence of mix of various professional academies, Private and Public institutes, private tutors, technology collages & schools etc., which forms part of the industry. Technological and regulatory changes have spawned new platforms of delivery. The Company operates in highly competitive environment that is subject to innovations, changes and varying levels of resources available to each player in each segment of business. This may be a matter of concern if the Company does not adapt to the changing face of the Industry. The Company has been keeping itself abreast of latest technological changes in the industry to implement the same in its operation to keep itself ahead of competition.

India’s vocational skill education sector is one of the largest in the world. During the last few years, several factors have propelled the growth of this sector significantly. The Government increased the budgetary allocation towards the sector and the most exemplary instance is the Pradhan Mantri Kaushal Vikas Yojana (PMKVY). Besides, rising urbanization, increasing awareness about skill education among the masses, booming investments from the private sector and others are likely to drive the sector forward. The skill education sector in India has two major segments – "core" and "non-core". While the core sector comprises regular schools and colleges, the supplementary vocational skill educational sector consists of vocational training and coaching classes. The concept of non-core skill development program is gaining immense popularity in recent times. This growth is driven by increasing awareness and up keeping with dynamic changes of information technology about the fact that the major part of our youth is computer illiterate especially the semi urban and rural area and there development can’t be committed unless they themselves pace up and adopt the technology. The relevance of G-Tech lies here. It endeavors to provide quality education at affordable rates to the youth in India, thereby helping the growth of the nation.

The Company’s success to a large part depends on the abilities and continued services of its skilled personnel and senior management. The Company’s senior management is particularly important to its business because of their experience and knowledge of the industry.

Chairman