CAT TECHNOLOGIES LIMITED
ANNUAL REPORT 2008-2009
Dear Share Owners,
Its my pleasure to welcome you to the 14th Annual General Meeting. I thank
you for investing your trust in us and support to the Company and its
The year 2008-09 has been eventful for the reason as it had to encounter
various aspects involving economy and human life. The turbulence in economy
affected the commercials to such an extent that few of the organizations
chose to cease their operations, but never the less we held on to our
grounds and avoided being the victim.
Awarded with Rajiv Gandhi Shiromani Award for excellence in the year 1998,
the company is professionally managed and present since past 2 decades.
Since inception, the company has been dedicated to its principal strategy
of building scale, expanding its reach, and investing in both organic and
inorganic growth initiatives.
While the expectations of the customers have increased so too has our
motivation to satisfy the clients with improved quality of service and
accelerated delivery schedules. Our competitive advantage is our ability
to adapt to the needs of our customers. Evident from the fact that
companies strength reached to 800 employees.
An enhanced service level has helped ensure growth in revenue despite the
challenging environment. The total consolidated revenue grew by 17.4% to
Rs.95.78 Cr. for the year 2008-09 and Net Profit rises to 7.79 Cr.
Further the company has developed a substantial direct marketing network
across the various countries in America and Europe. The company has its
presence in US market from 10 years with the professional fleet of 300
OUTLOOK OF THE COMPANY:
We pride ourselves that we are at the forefront of a new generation of
offshore IT service providers that offer differentiated services.
Providing integrated IT and BPO solutions unique to client specific needs
and industry demands it what puts us in the lead.
During the year the company launched job portal viz. Logtalent.com which
was an instant success with job aspirants. Within a short span of less
than a year the logtalent.com has become an extremely popular site in USA
with the excellent performance of 4 lacs registration and direct and
indirect job placements touching 30,000 Jobs.
We have achieved good market reputation in the domain area of HR BPO, which
is a high growth business area in the outsourcing space. BPO seeks to
leverage the benefits of service delivery, globalization, and strategic
partnerships with global leaders in technology and business solutions. This
will allow us to provide clients with end-to-end business solutions.
Our employees constitute our biggest asset. Their commitment has enabled us
to overcome several challenges. We also place, on record, our appreciation
of our clients, vendor partners, investors, and bankers for their continued
support all around the globe. We are encourages and feel secure in an
expansive and profitable future.
Dhiraj Kumar Jaiswal
Cat Technologies Ltd.
Source : THE ECONOMIC TIMES.
Source Date : 16th Oct. 2009