The year under review was a challenging year for your company. The eagerness to grab ashare of the immense market opportunity was tempered with the need to do business in amanner to build value for the stakeholders of the Company over the long term.
Your Company continues to focus on best governance practices a clean balance sheetwith a thrust to effectively increase profitability manage working capital and debt inthe best possible manner and last but most importantly reduce costs in a sustainablemanner. The effects of this transformation under the young yet experienced leadership ofSanjeev Verma as well as CFO Angshu Sengupta is aimed at increasing value for allstakeholders in a consistent and sustainable manner in the years to come.
A transformation of the magnitude that is underway in your Company does take time andhas challenges and I am happy to say that the team has risen to the occasion to put inplace a plan to ensure reliable cash-flow profitability growth and value.
Your Company continues to expand geographically as planned. CYBER-i the CyberSecurity division of your Company continued to grow and build skills and partnerships. TheIntel Security based Global Security Operations Center (GSoC) of the Company is one of thetop SOCs in South Asia.
With the right systems in place as well as the right attitude and right people yourCompany is now ready to take on the dynamic global marketplace with confidence.
Thank you shareholders for your continuing support.
With Best Wishes
Sujay R. Sheth