It gives me great pleasure to share with you an update on the overall performance ofyour Company. I warmly welcome you all to the 22nd Annual General Meeting of your company.The Company's accounts for the year ended March 31 2016 along with the Directors' andAuditors' report a Letter to the Shareholders and Management's Discussions and Analysishave already been circulated to you. With your permission I would like to take them asread.
As you all are aware your company has acquired the business including Dental imagingequipments infrastructure executives from "Doctors Dental Services Limited".Thus your company has forayed into the niche Indian advanced digital dental imagingmarket. Your company is already amongst the largest service provider in this segment forwestern India.
This year demonstrated your Company taking an ambitious leap by introducing newbusiness activities and services and plans to expand on this acquired businesses acrossthe country.
Your company now operates a number of Dental Imaging centers across the City of Mumbai.Your Company visions to further expand and establish new Dental imaging centres in othermajor cities in India. Your Company is the largest Cone Beam CT service provider forMumbai. We are also planning for expansion into other modalities of expertise in the fieldof Dental imaging.
In a Challenging external environment Your company performed well and deliveredanother year of consistent profitable and responsible growth. The year 2015-16 was asuccessful year for your company.
I am pleased to report that your company reported revenue growth of Rs.107.02 Lakhs ascompared to previous year revenue growth of Rs. 6.81 Lakhs reflecting themanagements commitment to expand business and grow revenues.
We look forward to an exciting year 2016-17 ahead with new milestone and achievementsto be explored and achieved. Your company is continuously evaluating opportunities forexpanding and growing the business in a sustainable manner including possible explorationinto new profitable markets overseas.
As I conclude I will like to thank all of our Dental Fraternity Imaging equipmentspartner Carestream Dental various professionals and associates from the Dental &Medical fraternity Dental Associations shareholders Banks and other stakeholders fortheir continued faith and support to your Company.
Dr. Gautam Deshpande