This was a year full of opportunities and achievements as we accomplished all ourtasks and set new standards. At the end of the financial year I can proudly say that wehave improved our performance from the previous year without allowing any hurdle toconcern us. The Company is on a steady path of progress and enthusiasm has never beenbetter.
In this financial year the success of our product Zapurse has been excellent. Theproject has been expanded for B2B and G2C processes. Also by tying up with the RajasthanGovernment we have become a service provider for the e-Mitra portal. This service willhelp people to transfer money in a hassle-free and secure way. I am proud to say that weare the only service provider for such type of service. In addition to this we have alsolaunched multiple cash withdrawal services.
The Zapurse project has propelled us as an E-governance Company and as effortlesslyaligned to our principal line of business. Another project of ours which is soaring highis Maxidoo for which we have revised our strategy to align it with customer expectationslatest technology and global practices. To benefit our clients optimize revenue andsimultaneously minimize expenditure we are now using pay-per-use strategy for Maxidoo. Asa result now more than 50 hotels are now working seamlessly on the platform. Newlocations for further implementation of this project is under progress. The plan is totake this service to global markets in the next 3 to 5 years.
In the financial year 2018-19 the total revenue of the Company increased from 2389.79lakhs to 2721.42 lakhs a surge of 13.88%. The net profit margin (before othercomprehensive income) was 15.43%. On the other hand the Earnings Per Share (EPS) is 3.82per share in comparison to 2.76 per share from the previous year.
The vision laid by the newly formed Central Government has boosted out confidence forgetting more projects in the coming future. The Company has grown in the businessverticals on which everybody has been working hard for years. Due to our diligencepassion and attention to the needs of our customers we received the prestigious"Small Enterprise of the Year-Services" award at the SIDBI-ET India MSEAwards 2018.
The Board has been committed to upholding the highest standard of Corporate Governance.Since the beginning it has been in our ethics to inculcate high standards andprofessionalism in our culture. This does not stop at a certain level as every level ofthe organization follows the same standards to achieve excellence. The Board remainscommitted to maintaining the Companys value and integrity while being transparentand passionate regarding the business.
The opportunities ahead of us are huge. By staying true to our mission and the valuesand by continually investing in building newer capabilities the Company is positioned wellto partner with several state Governments for the development of urban and ruralpopulation.
I would also like to take this opportunity to thank all our employees whosecontribution has helped to make Atishay what it is today.
Before I conclude I would also like to thank all stakeholders including our clientsvendors and partners for their trust and support. I thank the Governments ministriesand departments of various states that we operate in for their continued support. And ofcourse I look forward to your continued support and best wishes.
Chairman & Managing Director