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Accel Frontline Ltd.

BSE: 532774 Sector: IT
NSE: AFL ISIN Code: INE020G01017
BSE LIVE 15:10 | 26 May 57.00 0.25
(0.44%)
OPEN

56.10

HIGH

57.00

LOW

55.00

NSE 15:31 | 26 May 57.10 0.10
(0.18%)
OPEN

57.00

HIGH

58.30

LOW

55.00

OPEN 56.10
PREVIOUS CLOSE 56.75
VOLUME 1700
52-Week high 81.80
52-Week low 48.25
P/E
Mkt Cap.(Rs cr) 170
Buy Price 55.25
Buy Qty 100.00
Sell Price 57.00
Sell Qty 393.00
OPEN 56.10
CLOSE 56.75
VOLUME 1700
52-Week high 81.80
52-Week low 48.25
P/E
Mkt Cap.(Rs cr) 170
Buy Price 55.25
Buy Qty 100.00
Sell Price 57.00
Sell Qty 393.00

Accel Frontline Ltd. (AFL) - Chairman Speech

Company chairman speech

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