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Aurionpro Solutions Ltd.

BSE: 532668 Sector: IT
NSE: AURIONPRO ISIN Code: INE132H01018
BSE LIVE 15:40 | 22 Sep 150.05 -8.25
(-5.21%)
OPEN

157.95

HIGH

161.50

LOW

149.80

NSE 15:40 | 22 Sep 150.40 -7.55
(-4.78%)
OPEN

157.70

HIGH

161.45

LOW

149.80

OPEN 157.95
PREVIOUS CLOSE 158.30
VOLUME 37650
52-Week high 174.00
52-Week low 90.35
P/E 42.51
Mkt Cap.(Rs cr) 346
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 157.95
CLOSE 158.30
VOLUME 37650
52-Week high 174.00
52-Week low 90.35
P/E 42.51
Mkt Cap.(Rs cr) 346
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Aurionpro Solutions Ltd. (AURIONPRO) - Chairman Speech

Company chairman speech

Dear Stakeholder

I am happy to inform you that FY15-16 was a good year for Aurionpro. We had foundedAurionpro with the belief that substantial value could be created through IP drivenofferings. We have moved significantly in realizing that vision. Through the years we havegrown this business by building and acquiring strategic IPs that amplified the value wewere delivering to customers. This has resulted in significant revenue growth and has alsogiven rise to a diversified business that bore distinctly different characteristics indifferent markets and industries. In FY 2015-16 while our revenue growth was below parour EBITDA growth was very healthy.

FY 2015-16 was a satisfactory year for Aurionpro as we advanced on our core strategy of'simplifying and sharpening' our focus on three core businesses - Enterprise SecurityDigital Innovation & Banking. Throughout the fiscal we made considerable effortin eliminating inefficient operational models and establishing a unified consistentbusiness model that was geared for scale and accelerated growth in our various markets andindustries. We appointed newer sales heads and operational heads and made investments instrengthening our portfolio of products. We also exited our IT Services business in NorthAmerica and used the proceeds to reduce debt.

The IP and products that we added through the acquisition of Intellvisions SoftwareLtd. strengthened and helped accelerate revenue share of our Digital Innovation offerings.We also acquired majority stake in Spikes Security a silicon-valley based pioneer inMalware Isolation technologies. We had announced that we will merge this company with ourEnterprise Security Division to form a dedicated subsidiary focused on Cyber Security. Wemade several new client acquisitions in our supply chain and government verticals. InIndia and Middle East we continued to win some very large and prestigious engagements forour Kiosks and Customer Communication products. We delivered over 3000 Queue ManagementSystems to one of the largest banks in India and won the entire customer communicationsplatform implementation for the launch of one of the largest mobile services player launchfor an Indian conglomerate. This would be one of the largest in the entire world. We havealso have consolidated our presence in Asia Pacific with our corporate banking productsfor Lending and Cash Management. We have a clear leadership position in the ASEAN region.Last year we also drove an initiative to

consolidate our branding into a singular consistent message that holds true acrossgeographies across product lines and across industries. Aurionpro's core valueproposition is clearly defined as an organization that helps clients accelerate digitalinnovation securely and efficiently. This has helped us strengthen our brand value acrossstakeholders - customers partners employees and investors alike.

The strategy of simplifying and sharpening our focus means we continue to invest inbuilding a global leadership team and enhancing strong domain expertise. We have alignedour offerings to help businesses accelerate digital innovation secure enterprises andoptimize business operations. Our revenues come from a healthy mix of industry leading IPframeworks and services that drive expediency to clients realizing value. We have investedin technology and talent that will allow us to drive and de-risk innovation cycles whileenhancing security. These initiatives will result in larger deal sizes and deeper clientrelationships. Our exit of the IT Services business in the US was towards the samepurpose.

As we stay confident and steadfast in building a world-class business we believe thereis a lot of hidden value locked up in each of our core business that can yield greaterreturn on investments to our stakeholders. In the coming months we will announcesignificant steps to strengthen our positioning core IP business with an objective onunlocking and maximizing shareholder value. I am confident each of the core businesseshave an opportunity for growth higher than the market average and we will put a structurein place to enhance and build on it strategically. I am thankful to each of you for yoursupport and along with the rest of the Aurionpro team we will work to build the nextversion of Aurionpro for sustained revenue growth and margin growth.

Paresh Zaveri

Chairman