Dear Shareholders,
Greetings from MRO-TEK
I am pleased to bring to you the 2017-18 34th Annual Report of your company.
We closed 31st March 2018 weathering a tough telecommunications market which
saw a major disruptive market forces, significant consolidation by operators and slow
network expansion. In spite of all this, your company managed to continue serving its long
term, large customers-providing them quality products and services the company is famous
for.
This year also saw the introduction of professional leadership, strengthening of the
organization, major improvements in machinery and technological capabilities. Efforts in
this direction by Team MRO-TEK resulted in recognition of your company as a National
Systems Integration partner for the Govt. of India telecommunications company-Bharat
Sanchar Nigam Limited-for its Enterprise network projects on a national scale.
Your company has expanded its carrier grade products business into Optical technologies
including in Optical Ground Wire (OPGW) a major requirement in the national power
transmission sector.
Additional efforts in expansion of business into allied areas-Electronic Contract
Manufacture and in new technologies have also sown the seeds of our future growth. The EMS
(Electronics Manufacturing Services) business now boasts of multiple Tier 1 customers-who
have entrusted crucial electronic manufacturing projects to your company-thus adding a new
revenue stream. Your company will expand this business exponentially in the near future.
The new generation products in machine automation and unmanned systems have resulted in
the successful indigernization of the new Homeland Security Unmanned Aerial Vehicles
(UAVs) which have conducted field trials in multiple locations for the Nation's security
forces. I expect significant business growth in this segment in the future.
I look forward to the coming years with confidence and stand poised in the threshold of
big business opportunities-which will bring long term value and take your company to
greater heights of financial and technological success.
With Best Wishes
Aniruddha Bhanuprasad Mehta
Chairman & Managing Director
23rd May, 2018.