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STG Lifecare Ltd.

BSE: 532293 Sector: Services
NSE: SOFTTECHGR ISIN Code: INE863A01013
BSE LIVE 15:15 | 16 Jun Stock Is Not Traded.
NSE 12:42 | 08 Jan Stock Is Not Traded.
OPEN 1.05
PREVIOUS CLOSE 1.05
VOLUME 200
52-Week high 1.70
52-Week low 0.95
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.10
Buy Qty 800.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.05
CLOSE 1.05
VOLUME 200
52-Week high 1.70
52-Week low 0.95
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.10
Buy Qty 800.00
Sell Price 0.00
Sell Qty 0.00

STG Lifecare Ltd. (SOFTTECHGR) - Chairman Speech

Company chairman speech

.rm75 Annual Report 1999-2000 STG CHAIRMAN'S REPORT Dear Shareowners, Last year saw STG making remarkable progress in the area of its core competency -- emerging technologies. Emphasis was also laid on maintaining rigorous standards of quality, both in our products as well as services. The result is for all to see - quantum growth that has surpassed all expectations as well as boundaries. As the first step towards globalising its operations, STG has set up a wholly owned subsidiary in New Jersey, USA. Recently a wholly owned subsidiary has been set up in Australia as well. Together they will enable us to tap the immense potential of software opportunities available in the two continents. Globalisation has again been the focus on the software education front. First two training centres are already operational in Abu Dhabi and Sri Lanka, and centres in Bangladesh and Dubai will soon be functional. But this is just the beginning. This year many more training centres are planned in various countries. As you know, technology has always been the backbone of STG, the bedrock of its outstanding success. Last year the thrust was on entering newer hi-end technology areas. With an emphasis on providing web-enabled applications combined with e-commerce and WAP. The design for a B2B Digital Trade portal was initiated, with an aim to help small and medium enterprises trade on the web. The portal has now been launched and is receiving excellent response. We have also strengthened our foothold in software consultancy by providing world-class turnkey solutions to many corporate giants. To meet the growing demand of our international clientele, STG has set up an independent off-shore facility, which is fully equipped with the essential infrastructure to handle large software projects. And our endeavors to maintain high quality standards have borne us rich dividends. Not only in a satisfied customer base but also in getting us the ISO 9001 Certifications. All in all, it was an action-packed year. And the coming year looks even more promising. Aggressive acquisition of software companies within India and abroad will be the key of our growth strategy. To implement this, we are planning to expand our authorised capital to Rs. 20 crores. We have also formed a high level committee which will carry out a thorough evaluation of each acquisition. On the global front, we will concentrate on tapping business opportunities in developed countries of Europe and the US, by acquiring only those companies that are focused on emerging technologies or are targeting a specified vertical segment. This will enable STG to move up the value chain, and provide the benefits of emerging global software technologies to our clients. With all these plans on the anvil, we are looking at over 100% growth in revenue and profitability in the coming year! We are definitely on the fast track. And with your support, I am sure we will continue to dare. And continue to dream. Yours truly, Yogesh Vaidya Chairman