Dinesh Nandwana
Chairman and Managing Director VL E-Governance & IT Solutions
Limited
Dear Stakeholders,
Reflecting on the fiscal year 2024, we take pride in our transformative
journey. This year has been a period of strategic realignment and resilience for VL
E-Governance & IT Solutions
Limited (VLEGISL orVLE),showcasingourcommitmentto ear 2024 has been
marked by strategic delivering sustainable solutions for smart governance. With
over three decades in the e-governance sector, VL
E-Governance & IT Solutions Limited (formerly Vakrangee Logistics
Private Limited) has consistently led the way in transforming digital infrastructure for
governments worldwide. Our projects, such as the Aadhaar initiative, which successfully
registered over a billion identities, and the comprehensive land titling computerization
project in the Philippines, exemplify our capability to manage large-scale, impactful
operations while ensuring inclusivity and accessibility.
The recent electoral win of the incumbent Indian government underscores
their commitment to digital transformation and robust governance. Their manifesto
highlights a strong emphasis on enhancing e-governance to improve transparency,
efficiency, and service delivery. This includes expanding digital infrastructure,
promoting digital literacy, and leveraging technology to streamline public services. Their
vision aligns with VL E-Governance & IT Solutions Limited's mission to pioneer
sustainable and inclusive digital solutions, providing a significant impetus for us to
further our efforts in transforming
India's digital landscape.
Thefiscal reinforcing our financial stability, and setting a solid
foundation for future business development and growth. Despite the temporary halt in new
project acquisitions and the pause on IT/ITES equipment trading, our financial position
remains robust. In FY2023-24, the Company has been revamping its business and
strengthening its management capabilities to align its business strategy and internal
processes with future growth plans. Our strong net worth ensures we are well-prepared to
seize upcoming opportunities and navigate future challenges with confidence.
Transitioning from Whole-Time Director to Chairman and Managing
Director, I am fully committed to leveraging my extensive experience to drive our
strategic goals. This change, alongside our strengthened board members and expanded
management team with dedicated focus, should add substantial impetus to our company's
profile and operational strategies, further solidifying our position in the industry.
Strategic Vision and Operational Excellence
The company is exploring and evaluating opportunities to design,
develop, manufacture, and promote high-tech projects and products. This includes engaging
in and promoting research, design, and development in the fields of electronics, software,
hardware, and aeronautical systems required for aviation, aerospace, and satellite
projects. To support this endeavour, the company has signed a binding term sheet to
acquire a 26% equity stake in HELT, a joint venture with
Hindustan Aeronautics Limited (HAL). This acquisition will provide
significant future growth opportunities in the fields of electronics, software, hardware,
and aeronautical systems for aviation, aerospace, defence, and satellite projects.
The Company is positioning itself at the forefront of next-generation
developments in these critical industries. This expansion aligns with our mission to drive
technological advancement while contributing to national security through "Make in
India" import substitution initiatives.
Looking ahead, we have ambitious plans to bid for upcoming large-scale
government projects. Our proven record of accomplishment and strong project delivery
capabilities make us well-positioned to undertake such transformative projects. As
India's economy advances towards the $10 trillion mark, the demand for intelligent,
sustainable governance will only increase, and we are prepared to meet these challenges
head-on.
In the budget for 2024-25, the finance minister announced land-related
reforms and actions for both rural and urban areas. These reforms will encompass land
administration, planning and management, urban planning, and building bylaws. These will
impact two areas: Rural Land-related Actions: Rural initiatives will include the
assignment of Unique Land Parcel Identification Numbers (ULPIN) or Bhu-Aadhaar for all
lands. This measure will also facilitate credit flow and other agricultural services.
Urban Land-related Actions: Urban land records will be digitized with
GIS mapping, improving the financial position of urban local bodies.
We are among the few companies with the resources, experience, and
capacity to undertake nationwide e-Governance projects, land record digitization, and
"Our strategic focus on large-scale projects with national impact
leverages our IT and project execution capabilities, enabling us to deliver high-impact
solutions and contribute significantly to sustainable smart governance throughout
India."
modernization programs in India. Previously, we executed the
Philippines Land Titling Computerization project, dematerializing 20 million land deeds
and introducing paperless digital record-keeping for 168 Registrar of Deeds offices across
the Philippines. The Government is strongly focused on implementing next-generation
‘Land Record Digitization' and integrating various institutions like Revenue
Courts and Registration Offices.
Our focus on pioneering sustainable solutions aligns with both national
and global objectives. This year, we have comprehensive plans to expand our e-governance
footprint for enhancing digital infrastructure in defence, modernizing railways,
implementing digital health records, developing e-learning platforms, and introducing
tech-driven solutions for agriculture, among others.
Our governance projects are equally ambitious. We aim to be involved
with expanding the National Land Records Modernization Programme to streamline land
acquisition and ownership processes and integrating smart technology for urban management
and citizen services through our Smart Cities initiatives. Furthermore, we are focusing on
enhancing transparency and efficiency in the distribution of essential commodities via
improved public distribution systems, as well as digitizing voter registration and
election processes with advanced election management systems.
VLEG is positioning itself for the next-generation developments in the
aviation, aerospace, defence, and satellite sector. This expansion aligns with our mission
to drive technological advancement while contributing to national security through
"Make in India" import substitution initiatives.
Our strategic focus on large-scale projects with national impact
leverages our IT and project execution capabilities. Vakrangee's extensive network
reach and our proven record of accomplishment in managing multi-location projects are key
strengths that enable us to deliver high-impact solutions. By integrating with Vakrangee
Kendras, VLE can leverage an extensive network spanning urban, rural, and remote areas,
thereby enhancing our reach and impact. This network of over 21,000 kendras provides a
robust infrastructure to deliver e-governance services directly to citizens'
doorsteps.
Utilizing Vakrangee's asset-light, franchisee-based model, VLE can
ensure efficient service delivery, enhance accessibility, and foster digital inclusion,
thereby contributing significantly to the broader goal of sustainable smart governance
throughout India. The company is also exploring and evaluating the B2B distribution of
various products and will leverage the last-mile execution capabilities of Vakrangee Ltd.
through the Master franchisee and kendra network.
Our legacy of successful project implementations serves as a testament
to our capabilities. The Aadhaar project, the land record digitization in the Philippines,
and various national projects such as the computerization of election commissions and the
implementation of smart-card-based public distribution systems highlight our expertise in
managing and delivering complex projects. Our initiatives in the Philippines for the
"Sustainability and responsible business practices are at the core
of our operations, integrating all six capitals—natural, human, social, manufactured,
Intellectual and financial reflecting our holistic approach to value
creation and societal well-being."
dematerialization of land records exemplify our strategic approach to
addressing global needs with local sensibilities. These case studies not only showcase our
technical and logistical prowess but also our commitment to inclusivity and accessibility.
Commitment to ESG and India's Potential
Sustainability and responsible business practices are at the core of
our operations. We are dedicated to integrating all five capitals natural, human, social,
manufactured, and financial, reflecting our holistic approach to value creation. Our ESG
initiatives aim to ensure that our technological advancements contribute positively to
ecological balance and societal well-being. India's ascent as a global economic
powerhouse presents immense opportunities for growth and innovation in e-governance. With
a young, dynamic population and a rapidly growing economy, VL E-Governance & IT
Solutions Limited is uniquely positioned to harness these opportunities, leveraging our
extensive experience, technical expertise, and strategic vision to drive transformative
change.
In conclusion, FY2024 has been a transformative year for VL
E-Governance & IT Solutions Limited, marked by significant
milestones and strategic advancements. Our journey towards
Our strategic realignment in FY2023-24 has reinforced our financial
stability, setting a solid foundation for future business development and growth."
sustainable solutions for smart governance is driven by our rich
legacy, strategic vision, and unwavering commitment to innovation and excellence. As we
look to the future, we are excited about the opportunities ahead and remain dedicated to
shaping a digital governance landscape that is inclusive, efficient, and sustainable.
Together, let us continue to pioneer solutions that are ready for tomorrow, today.
Thank you for your continued support and trust in VL E-Governance &
IT Solutions Limited.
| Sincerely, |
| Dinesh Nandwana |
| Chairman and Managing Director |
| VL E-Governance & IT Solutions Limited |