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Allied Digital Services Ltd.

BSE: 532875 Sector: IT
NSE: ADSL ISIN Code: INE102I01027
BSE LIVE 15:42 | 17 Oct 21.15 -0.60
(-2.76%)
OPEN

21.60

HIGH

21.60

LOW

21.00

NSE 15:31 | 17 Oct 21.15 -0.55
(-2.53%)
OPEN

21.85

HIGH

22.00

LOW

21.10

OPEN 21.60
PREVIOUS CLOSE 21.75
VOLUME 20964
52-Week high 46.40
52-Week low 18.75
P/E 64.09
Mkt Cap.(Rs cr) 115
Buy Price 0.00
Buy Qty 0.00
Sell Price 21.15
Sell Qty 19.00
OPEN 21.60
CLOSE 21.75
VOLUME 20964
52-Week high 46.40
52-Week low 18.75
P/E 64.09
Mkt Cap.(Rs cr) 115
Buy Price 0.00
Buy Qty 0.00
Sell Price 21.15
Sell Qty 19.00

Allied Digital Services Ltd. (ADSL) - Chairman Speech

Company chairman speech

Ladies and Gentlemen

It gives me great pleasure to welcome you to the 30th Annual General Meeting of yourcompany.

Allied Digital – the name itself is most relevant in today’s environmentwhere entire country is moving towards Digital. This is being substantiated by ourGovernment of India initiatives by creating Digital India. We are at the forefront of theSafe and smart city movement and to provide ecommerce e-governance e-educatione-healthcare solutions to our clients.

This digital revolution was envisioned by us from inception and your company iscompletely geared to ride this digital wave. As stated earlier we have done majortransformation in business and are now ready to take future challenge on emergingtechnologies. The success of our Pune Safe City surveillance project is a classic exampleof our transformation to position us as a market leader in the sphere. Innovation andtransformation are the 2 major forces bringing about digital transformation of ourclients.

Last year has been challenging and exciting both as by executing this path breaking andiconic Pune City surveillance project – the 1st of its kind in the country hasresulted into several awards being given to your company within the country and in APACregion (see details on page xx) Government of India has come out with a list of 20 citiesto be made Smart cities initially out of the total plan of 100 cities by 2020 and approx.budgetary allocation for it is Rs.100000 crores. Total spending on digital revolution in5 years is expected to reach $ 50 Billion.

With this large outlay planned by the government your company is poised for rapidgrowth to tap such opportunities however our approach would be cautious and risk averse.During the last 2 years we have built a robust and strong proposal center to respondquickly to opportunities.

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 and45 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 ourfocus also remains on Cyber security offerings where threats are growing manifold and wehave created new innovative model to combat such cyber threats. The IT industry is goingmobile/ smart device driven and your company is completely geared up to create innovativeapplications and develop software for this huge market. Business data and analytics isanother area we are seeing a great future.

On HR perspective your company continues its tradition of empowering people to enablethem to take quick decisions. Empowerment Responsibility and Accountability –ERA– go hand 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.

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

Nitin Shah

Chairman and Managing Director.