Zensarrose to the challenge and strengthened its portfolio of
innovative solutions while streamlining the cost structure to improve operating margins.
This not only positioned us optimally to capitalize on emerging opportunities but also
empowered our teams to evolve in line with a changing digital ecosystem
H. V. Goenka
Chairman
Dear shareholders,
Ongoing macroeconomic uncertainties globally and a demanding business
landscape characterized by decreased consumer spending, tested industry resilience to a
fair degree in the past year. Zensar rose to the challenge and strengthened its portfolio
of innovative solutions while streamlining the cost structure to improve operating
margins. This not only positioned us optimally to capitalize on emerging opportunities but
also empowered our teams to evolve in line with a changing digital ecosystem.
Our dedication to client-centric practices, exemplified by our
experience, engineering, and engagement approach, continued to yield promising results.
Our ongoing conversations with clients reflect positivity, instilling confidence in our
ability to achieve growth aligned with industry projections.
With ongoing efforts to foster growth and innovation, we are
proactively multiskilling our people through our Service Line Academies as part of a
talent transformation journey. These academies, established within our industry services
groups, aim to upskill our people and help them quickly adapt to the digital ecosystem's
changing realities.
We have successfully developed a robust talent pool of home-grown
experts through immersive programs tailored to solution architecture, product, and program
management. Additionally, our AI academy has played a pivotal role in empowering our
engineers and data scientists with advanced skills to make the most of generative AI.
As we leverage our core capacities to shape the digital transformation
of enterprises, we are determined to ensure service excellence and consistent value
creation for stakeholders. * *
As a responsible organization, environmental, social, and governance
(ESG) initiatives are integral to our corporate ethos. During the year, our concerted
efforts have enabled remarkable improvements across ESG parameters, recognized by rating
agencies such as EcoVadis and the Corporate Sustainability Assessment by S&P Global as
improvements in our ESG scores. Additionally, I am happy to announce our official
commitment to align with the Science Based Targets initiative (SBTi), reiterating our
dedication to walk on a clearly defined pathway to mitigate the impacts of climate change
and strengthen the foundation for a sustainable future.
Looking ahead, our proficiency in crafting new-age digital experiences
and enhancing customer engagement continues to broaden our horizons and lend us the
ability to deliver agile and impactful solutions. As we leverage our core capacities to
shape the digital transformation of enterprises, we are determined to ensure service
excellence and consistent value creation for stakeholders. With
our eyes firmly fixed on strategic growth options, we continue to keep
our doors open to acquisitions and partnerships.
I would like to thank our clients and partners for their continued
support and our esteemed shareholders for their trust in Zensar's capabilities as we
navigate the near-term challenges and together create a stronger Zensar.
H. V. Goenka
Chairman