I t gives me immense pleasure to update of your company's performance for the financialyear 2016-17.
Your company is now the leader in 3D dental imaging space in India by virtue of beingthe largest independent CBCT scan provider with services across 11 centres in Mumbai.Your company has catered to over 45000 patrons over the last few years and is now the mostrecommended desitination for high quality dental scans.
Your company has been fortunate to secure confidence and leads from over 2500 dentistsin Mumbai which represents the top quartile of dentists and the who's who of theindustry. Your company sincerely appreciates their continued support and engagement withyour venture and seeks to build on their trust with increased performance and serviceofferings.
Your company's revenue for FY 2016-17 grew to Rs 198.54 lacs representing an YoYincrease of 56.24% and PAT grew to Rs 15.75 Lacs which represented turnaround of thecompany's operations.
The management is committed to build on bottom line oriented long term repeat andgrowth oriented business opportunities in the healthcare segment.
'SCANDENT' is the principal brand under which this business is being conducted. Nowyour company is contemplating the possibility of venturing into the OPG scanning space fordental imaging to build further on to this core activity and also expand its businessoptions. The main aim of your company to be the "First Choice of Dentists" forall their imaging and scanning requirement.
After elaborate understanding and explorations your company is pleased to informe youthat it has recently forayed into the healthcare services segment by leasing a runningnursing home set up in Mumbai. This is a part of your company plan to set up a chain ofhospitals under a common brand name of "Family Care Hospitals". The keydifferentiator of this venture is that we intend to make these units completely patientcentric in terms of focus. The segment your company intends to serve here would be thelower middle class in Urban India. We believe there is a dearth of value service providersand your company intends to build the necessary capailities to deliver on this aspiration.
We are delighted to share on the above developments and wish to deliver on providingpositive value for all shareholders.
Dr. Gautam Deshpande
Chairman and Managing Director.