As the epidemic transforms how we work interact and how businessesengage with customers the digital enablement has been crucial to our transition over thepast year. It has enabled us to adapt and pivot smoothly to the new normal.
The world is emerging from a challenging period. One of thepandemic's most severe episodes which began at the start of last year caused asignificant human toll in addition to the loss of economic activity. The years 2021 2022ended up being divided into two sections. The first half showed us the disastrous societaland economic effects of the COVID-19 Delta variant while the second half saw arestoration to normalcy even though it was occasionally hampered. The companies whoentered the two-year crisis with a robust balance sheet and an open attitude started toreap the rewards in the second half of the year.
In India more than 2.03 billion vaccine doses have been given. This iswithout a doubt one of India's biggest healthcare successes and the Government'sprudent management which helped to keep morbidity under tight control. While thevirus's many variations will continue to have an impact on people's lives andenterprises I am hopeful that science will be able to significantly lessen thevirus's global consequences. The result is that economies all across the world arenow on their post-COVID-19 recovery path. For India in particular this is true. The mostrecent estimate from the Indian government indicates that real GDP growth has reboundedstrongly after declining by 6.6% in FY21 to increase by 8.7% in FY22. India is predictedto see the fastest GDP growth in FY22 among all advanced and significant emerging marketeconomies including China according to the projection made by the World Economic Outlook(WEO) issued by the International Monetary Fund (IMF) in April 2022.
There is a growing sense of optimism about India's economicexpansion. The industry's preparations for the holiday season and the early signs forFY'23 reveal that hiring is projected to continue robust over the following threequarters despite the inflationary anxieties and geopolitical tensions that loom large. Incontrast the labour demand increased just modestly the year before at 3.6%. In the mostrecent financial year demand for general staffing was driven by FMCG e-commercemanufacturing healthcare retail logistics banking and energy. Having said that it isimpossible to disregard the effects of the geopolitical catastrophe. The IMF has reducedglobal economic growth for 2022 by 80 basis points to 3.6%; if the war persists thisgrowth could be further reduced. India is likely to be affected by these unfavourableeconomic trends but we are on a good recovery path and anticipate recovering from thewar's aftereffects in the near future.
The Indian Staffing Federation reports that the country's staffingbusiness added 0.22 million workers in 2021 22 a figure that is 21.9% greater than theofficial increase in labour force in the year prior and well exceeds the number of workersneeded in the years prior to the pandemic.
ANI is one of the leading companies that offers organised sectorscustomised industrial and technical labour solutions based on their unique businessrequirements. Our intrinsic strength is our human capital which possesses the necessaryskill sets for high-end technical positions in accordance with market demands. Ourclients' guidance and warm support which have always welcomed our ambitious aims andassisted us in carrying them out and achieving them through a well-crafted plan serve asour source of inspiration. The company is constantly working to overcome obstacles bystrengthening our capabilities and concentrating on enhanced efficiency which willsupport consistent profit growth. Despite difficulties the year under review proved to bea landmark one for the staffing sector which saw double-digit growth. We observed a risein the requirement for recruiting among our clients across industries during this periodof fast industrial growth. On a rather modest basis the company did well overall in FY22.With noticeable growth in all of our businesses we ended the year in a solid position.Overall we had operating sales of Rs14332.05 Lakhs and EBITDA of Rs717 Lakhs at the endof the year. Our revenue grew by 41%. We ended the year with an EBITDA margin of 5.01%and our EBITDA increased by 43%. Additionally we increased PBT (before exceptional) by65% to Rs604 Lakhs.
From both a humanitarian and financial standpoint we have done well asa firm in overcoming the challenging COVID-19 pandemic phase. We implemented a number ofpreventative measures to offer the afflicted people the essential healthcare services andwe were a pioneer in advocating vaccination among our stakeholders. The entire experiencehas taught us how to improve workflows and create a hybrid operating model that is botheffective and efficient. I firmly believe that as a company we are prepared to begin anew phase of growth. Over this time we have improved teamwork and internal processes andwe have altered our strategy to successfully enter the next phase of rapid expansion.
Our employment philosophy is to rapidly expand make clients happy andboost our employing qualifications by making technical skills. ANI is heading stronglytowards creating a parallel presence in the international markets and has recently startedexecuting manpower for large size refineries in African territory.
As we move forward our potential to maintain company performance inthe face of adversity supports our vision strategy and competencies. We havecollaborated closely as a strategic partner with our clients to address the talent supplydilemma and we have presented several solutions with success increasing ourclientele's willingness to pay. Our ability to successfully incubate newcomplementary business lines thanks to our great brand recognition will enable us tomaintain our company's steady all-around growth. We anticipate a positive futurewith a strong pipeline and emerging demand from the majority of our customers.
According to a proverb only the resilient can turn change intoopportunity in a transient world. Even though the past two years have been challenging foreveryone the upheaval in our lives has brought out the best in each of us. Last but notthe least let me express my sincere gratitude for our shareholders' pricelesssupport and contribution to our further expansion. Additionally I want to express mysincere gratitude to all of our employees for their zeal dedication and resilience as weanticipate another successful year. We are incredibly grateful for your constantinspiration and assistance. We maintain to grow as a family supported by your unwaveringtrust.
Chairman and Managing Director