You are here » Home » Companies » Company Overview » Parle Software Ltd

Parle Software Ltd.

BSE: 532911 Sector: Infrastructure
NSE: N.A. ISIN Code: INE272G01014
BSE LIVE 14:53 | 22 Nov 12.00 -0.30
(-2.44%)
OPEN

12.00

HIGH

12.00

LOW

12.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 12.00
PREVIOUS CLOSE 12.30
VOLUME 3
52-Week high 13.60
52-Week low 8.66
P/E
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 12.00
Sell Qty 997.00
OPEN 12.00
CLOSE 12.30
VOLUME 3
52-Week high 13.60
52-Week low 8.66
P/E
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 12.00
Sell Qty 997.00

Parle Software Ltd. (PARLESOFTWARE) - Chairman Speech

Company chairman speech

PARLE SOFTWARE LIMITED ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT Dear Members, It gives me great pleasure to share with you the endeavour your Company has made vis-a-vis the strategy it has adopted and also share with you the strategic path ahead in the light of emerging global trends. Your Company has, over the years, positioned itself as a 'Solutions' Company rather than a pure 'Services' or a pure 'Products' Company, thereby achieving a study and balanced growth. This is reflected in the inorganic growth your Company has achieved over the years in revenues and margins across geographies, offerings and customers after vesting of the software export division into it, pursuant to the sanction of the scheme of Arrangement by the Bombay High Court in the month of Sept 2003. The success of any strategy is best reflected by the objective results achieved and endorsements by credible third parties. While it moves ahead, your Company also ensures that it follows the best governance practices and remains financially strong. It therefore, constantly benchmarks itself against best practices. Any strategy would need to take into account the economic environment in which the enterprise operates. I would therefore like to share with you some aspects of the global economic scenario vis-a-vis the Company's strategizes to operate in this environment. At a time when the industry is passing through tough times with mounting currency pressures, and overall global slow down, we at. Parle Software Ltd. are committed more than ever to deliver significant value to our customers and to our stakeholders. Our belief is that the recent economic events are an opportunity for us to realign our business models and offer these differentiated solutions to our customers. There is an increased interest across our customer base for deriving the benefits of the global delivery model. During the year your company has taken the strategic management action for carrying out the software development activities exclusively through its associates Samay Techno Corp and Universal Technologies from the next financial year 2008-09 onwards. This strategic management action is proposed to be taken by your company with the objective of wealth maximization and to mitigate the business risks imposed by the uncertain economic conditions in the country and current global turmoil situation. We believe the steps initiated should bring considerable value to our shareholders, clients and employees in the coming year. Your Company has, through an organic and acquisitive approach has plans to develop a range of offerings in the 'ERP Solutions' space through its associates , which will meet the requirements of both the emerging Asian markets and the developed markets. It is, therefore, well positioned to take advantage of the emerging trends in the global economy and capitalize on the same. I am, therefore, confident that having identified the right markets and the right offerings, and with a strong management team within the associates, your Company will endeavour to sustain the present growth in the future years. As we usher in a new year, I want to thank all our employees, consultants and their families, bankers for their unstinting support and dedication. They are truly the cornerstones of all our successes. I also take this opportunity to thank our customers who have entrusted us with their critical systems and all our share holders for your support and confidence in our company. My team and I assure you we are committed to do everything in our might to justify the faith reposed in us by all of you. While thanking you for all the support in the past, -1 look forward to your continued support to the Company in its endeavor to progress. Best Regards, V.I. Garg Non Executive Chairman Place: Mumbai Date : 24th December, 2008