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Hinduja Global Solutions Ltd.

BSE: 532859 Sector: IT
NSE: HGS ISIN Code: INE170I01016
BSE LIVE 15:40 | 21 Aug 500.20 -7.55
(-1.49%)
OPEN

502.50

HIGH

505.50

LOW

500.00

NSE 15:31 | 21 Aug 499.90 -6.50
(-1.28%)
OPEN

500.10

HIGH

507.70

LOW

498.00

OPEN 502.50
PREVIOUS CLOSE 507.75
VOLUME 305
52-Week high 637.90
52-Week low 461.00
P/E 11.91
Mkt Cap.(Rs cr) 1,039
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 502.50
CLOSE 507.75
VOLUME 305
52-Week high 637.90
52-Week low 461.00
P/E 11.91
Mkt Cap.(Rs cr) 1,039
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hinduja Global Solutions Ltd. (HGS) - Chairman Speech

Company chairman speech

Dear Shareholders:

Financial year 2016 marked an important milestone in the life of Hinduja GlobalSolutions Ltd. Closing the year with revenues of over $500 million was a significantachievement despite an extremely difficult year with adverse pressures in multiplemarkets especially in Canada where the revenues dropped 23% in US dollar terms on accountof client contract renewal delays and a sharp depreciation of the Canadian currency. Theheadwinds in Canada amplified by multiple other challenges in the market were a majorreason for a temporary setback and a drop in profitability.

HGS Canada's difficult turnaround was executed effectively by the management with closemonitoring by its board of directors. These efforts began to show positive results by thefourth quarter ending the year on a positive note while allowing continued investment inlaying the foundation for future growth and profitability.

Continuing with the ROC (Right Source One HGS and Cross Sell) strategy your Companyalong with its subsidiaries has been able to grow successfully and sail through roughweathers while innovating.

HGS has continued investments to innovate and to develop technology to make itsclients more competitive instead of cutting back on strategic initiatives to managequarterly earnings. This has allowed your Company to provide higher value services to itsclients and to improve its prospects for profitable growth in an extremely competitiveindustry. As a result your company continues to be recognized as a market leader inoffering innovative solutions and improve productivity. Hence the theme for thisyear’s Annual Report: "Innovation. Value. Growth." marking the launch ofthree path-breaking innovative solutions namely; "HGS Unified CX" – thenewly launched suite of digital customer experience services "HGS Health+CARE"a solution targeted at the healthcare industry and HGS’s proprietary differentiatedrobotic process automation offering "HGS-RPA".

In addition to making strategic capital investments to address key markets andcapability enhancement opportunities to strengthen the Company’s core businesses HGScontinues to execute on its commitment to digitization by building the technologicalcapabilities that are critical to all customer transactions and interactions. YourCompany's acquisition strategy includes putting together technology platforms withspecific capabilities to further improve its competitive strength in selective businesssegments investing more in protecting and growing where we are strongest and where themarkets are most attractive.

The recent dominant trend in the world economy has been the continuation of a low rateof global economic growth despite multi-year unprecedented monetary stimulation in matureeconomies. This seems to have created a political environment with populist calls forretreat on globalization. Your Company’s diversified global client base and adelivery portfolio with a mix of domestic offshore and nearshore business allows HGSclients a choice in the right mix of shores for delivery and creates a balanced portfoliowith some natural hedges in place should the current rhetoric lead to some back-trackingon liberalization of trade.

On behalf of the Board I would like to express my sincere thanks to all our clientsfor entrusting us with their confidence in Team-HGS and with our diverse partnershipmodels especially to those clients that have been with us for well over a decade andsometimes even multiple decades. The true benefit of HGS’s value proposition isevidenced in our long tenured relationships and even more so when such clients utilize ourinnovation offerings.

I would like to thank our CEO and management team as well as each and every member ofTeam-HGS for their tireless commitment and passion that made Hinduja Global Solutionsovercome the anticipated and the unexpected challenges faced this past year propellingthem to continue to ensure that each and every client is pleased with the quality of theservice provided and striving to live out our motto of 'making our clients morecompetitive'. Words cannot justify the appreciation for all of the Board Members of HGSLand the directors of all of our subsidiaries who have continued to provide criticalguidance on corporate governance of your Company in this evolving world of changing rulesand laws as well as their vital insights on major decisions that affect both the strategicdirection and the proper execution of the same.

On behalf of the Company I am grateful to have access to the incomparable wisdom ofour Group Chairman Mr. S. P. Hinduja in building this global business that has thelargest employee base of the entire Group the immense contributions of HGSLCo-Chairperson Ms. Shanu S.P. Hinduja our board member Ms. Vinoo S. Hinduja in additionto the continued support of Mr. A.P. Hinduja Chairman Emeritus HGSL.

I would also like to thank all the global members of the Hinduja Group and the entireHinduja Family for being so generous with their time and for their helpful inputs.Finally I wish to convey my wholehearted thanks to all our shareholders and all of ourstakeholders for their continued trust and support.

Yours sincerely

Ramkrishan P Hinduja

Chairman

August 17 2016