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Omnitech Infosolutions Ltd.

BSE: 532882 Sector: IT
NSE: OMNITECH ISIN Code: INE810H01019
BSE LIVE 14:14 | 04 Sep Stock Is Not Traded.
NSE 14:48 | 10 Apr Stock Is Not Traded.
OPEN 0.97
PREVIOUS CLOSE 1.02
VOLUME 2575
52-Week high 3.49
52-Week low 0.97
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.07
Buy Qty 24.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.97
CLOSE 1.02
VOLUME 2575
52-Week high 3.49
52-Week low 0.97
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.07
Buy Qty 24.00
Sell Price 0.00
Sell Qty 0.00

Omnitech Infosolutions Ltd. (OMNITECH) - Chairman Speech

Company chairman speech

MESSAGE FROM MANAGING DIRECTOR

Dear Shareholders

At the outset I want to thank all of you for your continued trust and support you havebestowed upon us. It is your support that drives us to strive harder to create value forour shareholder community and the society at large.

This year has been very challenging year for your company. Our Subsidiaries in Europeand Asia also faced similar challenges during the year. Due to unavoidable factors such aseconomic instability competition our revenues have reduced drastically and profitabilityhas also gone down. However we are confident that the strategic initiatives such as offshoring Contracts from Europe Cross Selling our services will help us restore thenormalcy the profitability and lead your company to a sustainable growth path. YourCompany has been able to make agreement with lending bankers to restructure its borrowingsunder CDR Mechanism and we hope that CDR shall be implemented very soon.

As an employer your company employed 151 employees at the end of Financial Year2013-14. There has been drastic reduction of employee resources due to sharp reduction ofsales and consequent scaling down of business. However Human Capital is still the biggestasset to the company's success and we shall continue to focus on efforts at making yourcompany as one of the preferred employers in the country.

Looking ahead in the next financial year we continue to face the global challenge ofslowdown and uncertainty. Your company's transformational partnership approach and itsfocus on providing growth efficiency and cost reduction to its clients will enable yourcompany to service its clients in the most effective way and align the growth of yourcompany along with its customers. We continue to explore various modes such as StrategicAlliances in niche and focused business segments. We are confident that our vision andlong term strategy augurs well for the future of your company.

Your support and long term commitment is critical to the success of this company. Onbehalf of the entire company and the management I seek your continued support and trustin this difficult as we move ahead in our journey and take the next phase of exponentialgrowth.

Atul Hemani

Managing Director