LETTER TO SHAREHOLDERS
I trust that you and your families are safe during this uncertain period.
I thank the shareholders and the board for providing me with this opportunity to lead agroup of fantastic professionals and to be part of this great organization.
As a technology partner for the travel industry we have observed a direct impact onour business due to travel restrictions and reduced travel activities across the globe.However we have taken proactive measures to ensure that we stay financially strongthrough these challenging times.
We have stood with our customers and provided the support needed during this volatileperiod. Our domain expertise and ability
to adapt to the constantly evolving business environment ensured that they received thebest services.
As primarily a transaction-based business we had seen a dip in our business volumesduring the early stages of the pandemic. However we are happy to share with you the factthat the business is showing positive recovery trends.
The company continued the practice of rewarding its shareholders with dividends thatreflects our financial performance even during this challenging period. The total dividendfor 2020-21 is Rs.52 (Rupees Fifty-Two) per share including Rs.17 (Rupees Seventeen) pershare recommended as final dividend.
We have balanced our operations and employee welfare by continuing the work-from-homepolicy. With our proactive approach towards employee engagement and enablement we haveensured that we continue to sustain operational excellence even with this new approach toworking.
Our staff are our greatest assets and we have provided necessary support to theemployees who faced hardships during this period of distress. We continue to engage withthem on their physical and mental well-being regularly. We have embarked on a successfulvaccination campaign across our India offices that has benefitted our employees and theirfamilies.
We observe that the travel industry is now showing signs of recovery across the globe.However various industry bodies are predicting that the journey towards the pre-covidbusiness volumes will be a long one. We continue to monitor the evolving businesslandscape to ensure that we drive the organization in the right direction balancing ourshort-term demands and long-term aspirations.
We continue to focus on innovation and creating a best-in-class financial solutions andservices portfolio for the travel industry. We have partnered with various industry bodiesto deliver the same.
With a strong vision and commitment to growth we as part of the Accelya Group willpartner with our airline customers to drive their recovery process and beyond.
I thank you for your confidence in our company and your continued support. Please staysafe and healthy.
|Yours truly |
|Shrimanikandan Ananthavaidhyanathan |
|Managing Director |