ACCEL FRONTLINE LIMITED
ANNUAL REPORT 2007-2008
CHAIRMAN'S REPORT
Dear Friends,
I am sure that you will share my happiness on having achieved major
milestones with each passing year, ever since we formed the joint venture
with Frontline Technologies Corporation in 2004., now renamed as BT
Frontline Pte Ltd
The recent acquisition of majority stake in our company by BT Frontline and
thereby our company becoming a part of BT Global Services, will go a long
way in pursuing our dream of becoming India's leading IT Infrastructure
management company more vigorously. We have already started integrating our
business portfolio and processes with that of BT Global Services and going
forward, we will be in a position to address larger business opportunities
in Networked IT services arena.
Our acquisition strategy of adding a string of pearls in our business
portfolio has helped us to conclude the acquisitions of Network Programs
and XLNC Info Tech Solutions during the year. These acquisitions helped us
to strengthen our overall capabilities in Telecom domain and IT services
for OEMS. These along with the banking domain expertise, acquired through
the acquisition of Telesis Global Solutions during the previous year, we
are now in a much stronger position to address the ever growing
opportunities in the Enterprise IT Services globally. We have also
strengthened our Dubai operations to enable a stronger presence in the
Middle East region.
We would not have been so upbeat with all this, had it not been for our
significant growth in revenues. A 48% growth in our revenues reflect the
outcome of the new initiatives and the future potential. Going forward, we
intend to work closely with BT Global Services in India to synergize our
mutual offerings and offer our customers unique value propositions that
will take us ahead of competition.
The journey has just begun. More excitement lies ahead as we gear up to tap
the huge opportunities opened up as a result of our alignment with BT
Global Services.
With your continued patronage and support, we are confident of achieving
more significant milestones in the coming years backed by the hard work
that has brought us thus far in our journey.
Yours Sincerely
N.R. Panicker
Chairman's Message