Dear Shareholders,
As we all know that the ongoing global slowdown has affected businesses
worldwide. It brought the economy to a standstill and changed the way businesses used to
operate across the world. Jupiter Infomedia was no exception in this regard. The economic
setback had some short term negative impact on our business but that could not affect our
long term goals to grow our company.
During FY 2020-21, the company could not generate revenue from any
business stream as the operation almost halted due to pandemic related lockdown. The only
value addition for the company was the treasury management that generated revenue.
However, we at Jupiter utilized the time to prepare ourselves to bounce back higher. We
motivated our team to strengthen our content and user base so we can capitalize upon it
even in these trying times.
How we combat the pandemic slowdown?
Business models around the globe have now embraced digitalization to
sustain during the pandemic setback. We at Jupiter followed the model to welcome a set of
significant changes in the way we conduct the business. This obviously had an overall
positive impact on our business operations. After an in-depth market research on the
present scenario and the upcoming business opportunities, we decided to expand upon our
flagship brand JimTrade.com. We believe these developments will open a gateway of
possibilities for us to create value for our stakeholders.
Business Development in 2020-21
JimTrade.com has been the focus of growth over the last year. Initially
we prepared the portal with an exhaustive content base and utilized it to launch JimTrade
Directory in Print and digital versions. This further enhanced our B2B user base as the
industry specific editions acted as integrated sourcing tools for B2B buyers.
Accomplishing this feat was challenging but we managed to ace it within a couple of years.
JimTrade.com is now all set to take the next big step to become a complete business
solution provider to Indian manufacturers. The brand now expands into B2B exhibitions as
an initiative to provide a multi-dimensional platform to drive business prospects to
Indian manufacturers.
The preliminaries of this upcoming initiative are almost over. With
that, we are hoping to launch the trade show by the first half of 2022 considering the
government imposed restrictions will be eased by that time. The first edition will be
focused on the core manufacturing sectors of India such as engineering, power, electrical,
machinery, tools, automation, and electronics that form the backbone of Indian industries.
This will further streamline the activities of JimTrade.com making it a
complete business promotion and sourcing tool for Indian manufacturers. With 21 major
industry categories and more than 20,000 subcategories of Indian products, JimTrade.com
offers endless opportunities to tap the B2B exhibition scenario in the future.
To prepare the groundwork for this significant expansion of
JimTrade.com, Jupiter Infomedia has acquired substantial stake of Netlink Solutions
(India) Ltd., a BSE listed company. Netlink Solutions has years of expertise in organizing
B2B events and trade shows. Besides, the company also has an event operation and
management division. This business take over will give a head-on start to the proposed
expansion of JimTrade.com
All these developments during the last year have directed the company
towards its progress that will possibly add value to our stakeholders in the coming years.
We are looking forward to your unwavering support for Jupiter
Infomedia.