Letter to Shareholders
Dear Fellow Shareowners
I am delighted to inform you that we have again delivered outstanding performances onboth financial and operational parameters across all our businesses. F.Y. 2017-2018 turnedout to be a watershed year in the history of Airan.
The story continues and we are writing a new chapter of growth every year while thisyear may be regarded as a marvellous start to a Golden Decade. In a domain full ofvolatility indecision intricacy and abstruseness these triumphs are indeed commendable.
The presentation of 23 Annual Performance Report for the financial year 2017-2018 is anopportunity for us to showcase our achievements. The company is growing at a fastermomentum and establishing new benchmarks year by year. The growth of the company isessentially because of the continued faith by all the stakeholders including customerssuppliers bankers employees and the shareholders. I thank and congratulate everyone atAiran for this feat.
The implementation of GST is well taken by our company and improved factors on the partof compliances and other formalities. By and large it turned out to be a positive move asfar as our company is concerned.
Again this year the company has attained an all-round improvement in its performancespecifically in consolidating and concentrating on the higher margin businesses andachieving operational efficiency through process-reengineering while adhering to all thestatutory compliances and reporting requirements. The main focus was on informationsecurity which is a global concern nowadays. The company is implementing and abiding byall the InfoSec policy guidelines including Business Continuity Plan (BCP) etc.
Airan believes that new technologies and data power will help unleash the potential ofIndia's human capital. While the company is endeavouring to grow organically on its ownthis year the company has set up / taken over three wholly owned subsidiaries (WOS) togrow inorganically as well.
I would like to thank all my colleagues for their dedication innovation and hard work.By setting new standards in the businesses we operate in our team is delivering on ourmission to generate sustainable value for our stakeholders. These efforts also help us todeliver inclusive growth converging in to Value Creation and make life better foreveryone.
I earnestly appreciate the Board of Directors for their guidance. I would further liketo express my gratitude to all our stakeholders for their continuing faith in Airan.
With best wishes Sincerely