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Quadrant Televentures Ltd.

BSE: 511116 Sector: Telecom
NSE: N.A. ISIN Code: INE527B01020
BSE LIVE 15:07 | 17 Nov 2.02 0.02
(1.00%)
OPEN

1.92

HIGH

2.03

LOW

1.92

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.92
PREVIOUS CLOSE 2.00
VOLUME 9684
52-Week high 4.25
52-Week low 1.80
P/E
Mkt Cap.(Rs cr) 124
Buy Price 1.93
Buy Qty 1900.00
Sell Price 2.02
Sell Qty 2300.00
OPEN 1.92
CLOSE 2.00
VOLUME 9684
52-Week high 4.25
52-Week low 1.80
P/E
Mkt Cap.(Rs cr) 124
Buy Price 1.93
Buy Qty 1900.00
Sell Price 2.02
Sell Qty 2300.00

Quadrant Televentures Ltd. (QUADRANTTELE) - Chairman Speech

Company chairman speech

HFCL INFOTEL LIMITED ANNUAL REPORT 2002-2003 CHAIRMAN'S REPORT Chairman's Statement at the 56th Annual General Meting of the Company: (At the Annual General Meeting of the Company held on Thursday, the 25th day of September, 2003 at Music Academy, "Mini Hall", 306, T.T.K. Road, Chennai-600 034.) Dear Shareholders The year 2002-03 was an eventful year as your Company went through a major restructuring of its business post sale of its holding in Pioneer ITI AMC Limited. HFCL Infotel Limited, a telecom service provider operating in the Punjab Circle, was amalgamated with the Company as per the scheme of merger approved by the respective High Courts. The Company's core business of hire purchase, finance, leasing and securities trading was transferred as a going concern to its wholly owned subsidiary, Rajam Finance & Investment Company (India) Limited, which has since been renamed as 'The Investment Trust of India Limited'. The amalgamation has given the Company an opportunity to diversify into the sunrise sector of Telecommunication. Though the growing competition in this sector will throw up numerous challenges before us, we strongly believe that with continued stress on operational excellence, economy in costs and revenue maximization the prospects of your Company's growth are very bright. Various aspects of the Company's operations have been discussed in the Annual Report and I would like take this opportunity to share the important ones with you briefly. Your Company was Ranked as the No.1 Telecom Operator in the State of Punjab by Telecom Regulatory Authority of India (TRAI) for customer satisfaction with overall service; The milestone of one-lac subscribers was reached in October 2002, within two years of commercial launch. The Telecom operations of the Company started generating operating profits during the financial year 2002-03. With its foray into the Telecommunication sector your Company now aspires "To become most Admired Telecommunication Company through Innovation and Excellence". Driven by this vision, the focus would be on: Delivering Quality Products and Services for Customers' delight: Developing and nurturing Customer Relationships; Providing one stop solution for all telecommunication needs of individual, Business and Corporate customers in its circle of operation and Creating Significant value for the Shareholders. The road map to grow, both in terms of subscriber numbers and revenues, has been worked out in detail. The State of Punjab, with its attractive demographics and high income levels, is amongst the most attractive telecom circles in the Country. Here we see a big opportunity for your Company in establishing a highly successful and financially sustainable single circle operation. Having achieved a critical mass of subscribers and with an established state of art network, your Company plans to embark upon an aggressive expansion drive into newer areas in the State. The plan is to increase its presence from the existing 27 towns to over 150 towns in the next twelve month. Your Company's average revenue per line (ARPL) is already amongst the highest in the country. With a clear focus on acquiring quality subscriber through targeted roll out and by using revenue oriented marketing plans this trend would be maintained in future. The wide array of innovative products and services in the data and broadband segment would further help your Company in its revenue maximizing drive. Having earned the distinction of being the best service provider in the state in terms of quality and customer satisfaction your Company would continue to strive for improvement in the customer service levels and setting new benchmarks in service quality. Your Company lays emphasis on a high performance professional culture, with full empowerment at the operational level, backed by a system of rewards and censures. The compensation structure now increasingly reflects a variable component to help the Company in creating a result-oriented team. Your Company truly believes in fundamentals of accountability and transparency and will continue to strive for the highest corporate standards thereby ensuring value creation for all. I am confident that over a period, our emphasis on consistent performance, revenue maximization and financial conservatism will contribute to enhancement of overall value for our shareholders. With your continued encouragement and support, I am confident that your Company will go from strength to strength in the years to come. Mahendra Nahata Chairman