It gives me great pleasure to welcome you to the 23rd Annual General Meetingof your company.
Future of Indian IT
First and foremost there have been major technology changes and hence this technologydisruption has led to business disruption.
News of the death of India's information technology (IT) services industry startedcoming in about 4 years ago. Leading industry analysts reported that India was no longerthe automatic choice for IT services and back-office work and that the migration of laborarbitrage based service jobs to India would almost stop by 2022.
Despite such a scenario there is also optimism about the prospects of India's ITservices industry for the coming decade. The industry is a survivor of the dot-com crashof the early 2000s and the 2008 financial crisis. Second the major IT services firmsdevote significant resources to employee reskilling. Third some of them are alsobeginning to adopt new business models and develop new products and platforms to stop lowvalue-added services and time-and-materials (T&M) pricing models.
The $1.2 trillion global IT industry growing at a rate of 4% a year will continue tooffer opportunities for IT services firms operating at all stages of the IT global valuechain. CIOs tend to be risk-averse and like to do business with firms with which they havehad good prior experiences and these factors should continue to offer opportunities forrenowned and established India's IT services firms in the future.
Allied Digital is right now strategically placed to reap the benefits of the DigitalIndia movement envisioned by the Government of India.It is at the forefront of the Safeand smart city movement and to provide ecommercee-governancee- educatione-healthcaresolutions to our clients using new age technologies like Artificial Intelligence IoT andMachine learning.
We at Allied Digital are very excited today where traditional outsourcing business ischanging. Customers are looking for partners to transform their business by bringinginnovation automation & digital transformation. This Digital revolution is truly agame changer for the industry. We anticipated this
changing business environment early and embarked on the journey of newer business modelinternal transformation which is now completed. Our competence in emerging technologieslike Artificial intelligence IoT Data Analytics Mobility & Cloud will help them inDigital Transformation. Today we are a truly global Digital Transformation architect forB2G(Business to government) and B2E(Business to enterprise) customers by bringinginnovation and transformation in business. As conveyed earlier we firmly believe in thedictum of "small term pain for long term gain" due to transformation.
We are a one-stop IT infrastructure services provider and Master System Integratorcombining our diverse infrastructure skills augmented with our customizable integrated ITservice management platform global delivery model and software integration skills tobring direct value to customers. Today's customer wants this combination packaged withbest-of-the- breed OEM support agile project management and cost- effective pricing todrive dual initiatives of IT transformation and operational management. We have masteredthe IT needs in domains such as Retail (our unique Store in a box model) Hi-TechBanking Government Healthcare etc. to bring customized solutions and deliver extratransformation. Our endeavor is to play a catalyst role in bringing changes in business byenabling different technologies which would directly impact & improve our lives.
Last year has been challenging and exciting for business growth locally/internationallyand has resulted into several awards being given to your company (see details on page 8)Your company has also automated Infrastructure management Services (IMS) offerings byusing innovative tools and technology and creating highly matured process for servicedelivery.
This world class practice is now offered to many international clients in USA UK and70 other countries. Our Shared services approach in Cloud environment is helping us toprovide cost effective services and position us as major player in IMS.
As in the past our focus also remains on Cyber security offerings where threats aregrowing manifold and we have created new innovative model to combat such cyber threats.The IT industry is going from post PC era to being mobile/ smart device driven and yourcompany is completely geared up to create innovative applications and develop software forthis huge market. Business data and analytics is another area we are seeing a greatfuture.
On HR perspective your company continues its tradition of empowering people to enablethem to take quick decisions. Empowerment Responsibility and Accountability - ERA- gohand in hand at Allied Digital Services.
We have this year skilled our people and imparted training in emerging technologies andsoftware development to ensure seamless integration with various systems and acted as atrue Indian origin Master Systems Integrator (MSI) amongst the very few in the industry.
The year under consideration has been a unique and path breaking year and we arelooking at a better future with our new initiatives. The experience has been moreheartening with so many awards and accolades coming our way which adds to our belief thatthe future is very bright.
Your company has been and is committed to be a partner in building a new vibrant andDigital India.
With warm regards
Chairman and Managing Director.
Allied Digital Services Limited Dedicated To Digital Transformation of India
India with the World's second largest population of 1.25 Billion plus and counting isfacing acts of terrorism and attaches high level priority to the safety concern in thePublic life and the property. The ever expanding base of the middle class population withdirect bearing on the huge steady exponential growth in the market potential successfullyattracts Investors worldwide. Top International Brands simply cannot afford to blink andignore the importance of the economic dynamics of the largest market potential of India.With them the latest Digital technologies make speedy and fastest inroads in alacrity.Technology and growth go side by side. Latest innovations and continuous improvisationsprovide the tool to challenge the nefarious designs of the subversive forces.Organisations selling Surveillance technologies thrive on the security concerns to makethe life of the people safe and simple. India with the most progressive and caringgovernment at the helm attaches utmost importance on the improved Digital technologies.Implementation of the "Smart City" concept of the Indian Govt. has gained avigorous momentum. Surveillance technologies
are thriving and are taking centre stage. This has opened a huge business opportunityfor your company Allied Digital Services Limited in India. The Company has beensuccessful in carving a niche for itself and made remarkable impact on the growingSurveillance Industry in India with improved revenues. Ruling giants of the TechnologyIndustry in India view us with tremendous respect and awe. It is no different at ourlocations abroad e.g. USA UK and other important locations worldwide. Top notchglobally reputed organisations are making a bee line to tie up for our advancedtechnological support to remain a notch above competition. It goes without saying thatthis has contributed immensely to strengthen our Balance sheet. Overseas operations areproving extremely profitable with every passing year. Our Balance sheet during the justconcluded financial year has witnessed a discernible growth vis-a-vis the past year. TheCompany has grown from strength to strength over last couple of years. ONE BIG ASSURANCEthe on-going trend is getting permanent and stay with the company in future years tocome.
I'm confident that the growth quotients of the company will make each and everyshareholder proud of their prized association. It makes more business sense to stayconnected with the Company more particularly in the face of global economic meltdownimpact of which are well felt in the domestic sectors as well.
Concluding with a happy note of fulfilling the Investor confidence with the mostefficient financial management with a firm promise to maintain the gradual and steadyelevation for a better and promising future. Wish to reiterate further that your Companyis now better poised to leap frog into prominence in the corporate world. Accolades areliterally showering. Winning has become a habit for this Company and comes so easily andeffortlessly.
With Best Wishes