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Aurionpro Solutions Ltd.

BSE: 532668 Sector: IT
NSE: AURIONPRO ISIN Code: INE132H01018
BSE 00:00 | 11 Jun 158.00 -0.80
(-0.50%)
OPEN

152.60

HIGH

164.00

LOW

152.60

NSE 00:00 | 11 Jun 157.60 -2.10
(-1.31%)
OPEN

159.70

HIGH

164.00

LOW

156.70

OPEN 152.60
PREVIOUS CLOSE 158.80
VOLUME 7633
52-Week high 195.00
52-Week low 43.55
P/E 37.62
Mkt Cap.(Rs cr) 360
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 152.60
CLOSE 158.80
VOLUME 7633
52-Week high 195.00
52-Week low 43.55
P/E 37.62
Mkt Cap.(Rs cr) 360
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Aurionpro Solutions Ltd. (AURIONPRO) - Chairman Speech

Company chairman speech

Dear Stakeholders

The humankind is facing an unprecedented crisis in recent history. The sudden outbreakof COVID-19 pandemic at the beginning of the year 2020 has brought the world to grindinghalt and has threatened global economic growth to slow down by the scale and magnitudewitnessed during world wars or great depression during the last century. The wars andpandemics are not new to this earth but the global economies now are integrated like neverbefore therefore the impact of this pandemic in terms of human and economic costs iswide spread and profound. The businesses were unprepared for such a sudden economic shockwhich has impacted the momentum to a great extent. In this backdrop I will share myinsights on the financial and business performance and outlook for future.

I wish to begin with the financial performance for the FY 20. It was an outlier year asthe performance for the year was below par and indeed below our expectations. The yearbegan amid economic slowdown in the domestic market due to general elections in Indiaduring H1 FY 20 and concluded with the worldwide economic shock caused due to the COVID-19pandemic. The below par performance could largely be attributed to the externalenvironment but it must be understood in the perspective of each business segment. Thesegment wise Banking & Fintech grew by about 13% YoY inspite of the challengingenvironment. The performance of Cyber Security remained constant but the Smart City andSmart Mobility segment witnessed sharp decline. It must be understood that each of thesebusinesses are at different stages of its business lifecycle. In Banking & Fintechspace with our robust offerings and presence of over two decades we are market leaderswith marquee banks as our customers. On the other hand in Cyber Security space we arefocused on building capacities and ramping up our offerings to position ourselves to tapimmense future opportunities in this field. We are an established player in Smart CitySpace and Smart Mobility Segment but after strategic acquisition of SC Soft we arepositioning ourselves as an end to end AFC Solution Provider having both software andhardware required for AFC Solutions. The outlook for each business is summarized below.

Banking and Fintech:

The Fintech sector is the most rapidly growing sector globally and India is amongst thefastest growing Fintech markets in the world._India ranked the highest globally in theFintech adoption rate with China. In the last few years the Indian economy which issignificantly cash-driven has taken advantage of the Fintech opportunity. However theIndian financial sector has been witnessing stressful times. The Indian banking sector wasfacing one of the worst crisis in recent times in the wake of huge pile of non-performingassets (NPAs) across the system the collapse of some large institutions threateningstability of the system big tickets frauds etc. Further the consolidation of publicsector banks has further impacted this sector as Indian banking is still largely beingdominated by the public sector. However the sector is seen to be shrugging off the stressas the green shoots were visible by the end of the FY 20. The covid-19 pandemic may havedelayed the recovery of this segment but every crisis also brings opportunitiesalongwith the challenges. This crisis has accelerated the adoption of digital technologiesacross the sector and has nudged players in the financial sector including the smallplayers to partner with the technology companies and adopt technology solutions in ameasure to improve operational efficiencies and enhance customer experience with reducedphysical interface. Further the COVID crisis may have led to the postponement of the ITspending in the year 2020 which is expected to be revived quickly from the year 2021.

Aurionpro is a leading player in this segment offering IP based solutions since morethan two decades. Our Offerings which include Transaction Banking Platform iCashPro+ andLending Platform – Smart Lender and ACE platform are widely acknowledged and usedacross the sector with all marquee names being our customers. We through continuedresearch and development keep upgrading our solutions with an objective to enhancecustomer experience and are poised to tap the opportunities in the sector.

Smart City & Smart Mobility:

Over the years Aurionpro has established itself as a leading player in the Smart Citysegment in India and has successfully implemented 3D City City Surveillance projects withvarious state governments. With rapid urbanization and the budgetary boost to the‘Smart City Mission' of India the sector is expected to witness huge opportunitiesgoing forward. Smart mobility is one of the major requirements for the development ofsmart cities. Along with smart mobility smart technology smart governance and smartinfrastructure are important for the development of smart cities. Smart mobility dealswith providing intelligent transportation solutions using innovative and integratedtechnologies and solutions which is environmental-friendly and promotes sustainabledevelopment. According to a study globally smart mobility segment is expected to grow ata highest CAGR in next decade. The developing and developed countries are increasingadopting smart mobility technologies owing to the focus on the environment friendly andsustainable development.

Aurionpro offers Automated Fare Collection (AFC) Solutions panning differenttechnologies like open loop EVM based ticketing close loop based ticketing and accountbased ticketing. After successful implementation of the NOIDA Metro Rail project and withthe strategic acquisition of SC Soft Technologies Aurionpro has positioned itself as themarket leader having both software and hardware solutions required for the AFSC Solutionsin India. We are also expanding our footprints in other global markets with winning ofsome prestigious orders in North America Nigeria and Russia.

Cyber Security:

Our flagship product Isla Malware Isolation Platform prevents all untrusted web codeand web malware from entering the corporate network while ensuring zero impact on user'sbrowsing experience. Realising the potential in the space we were investing in buildingour capabilities and has hired talented experts. We have built a robust platform ISLA5.1 which was launched during the last year. We are encouraged with the response itreceived from the market and have been doing proof of concept (POC) for leading brands inthe market. Recently Enterprise Management Associates (EMA) a leading IT and datamanagement research and consulting firm has named Cyberinc Isla Isolation Platform in theTop 3 solutions for enabling secure access to web services in 2020. With the network ofpremium partners the outlook for this segment looks robust.

The fundamentals of all our businesses remain strong and we do not foresee significantimpact of the pandemic and economic disruptions caused thereby on the businesses of theCompany. We shall bounce back quickly. I wish to thank all the stakeholders ourcustomers partners vendors and workforce who has been working hard to provide qualityservices in spite of the disruptions in these challenging times for their continuedsupport. Before concluding I pray for the safety and wellbeing of all our stakeholders.Stay Safe Stay Healthy.

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