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Birlasoft Ltd.

BSE: 532400 Sector: IT
NSE: BSOFT ISIN Code: INE836A01035
BSE 00:00 | 01 Jul 349.70 -4.00
(-1.13%)
OPEN

352.55

HIGH

357.10

LOW

343.80

NSE 00:00 | 01 Jul 349.45
(%)
OPEN

353.70

HIGH

357.10

LOW

343.55

OPEN 352.55
PREVIOUS CLOSE 353.70
VOLUME 72744
52-Week high 585.85
52-Week low 316.35
P/E 33.08
Mkt Cap.(Rs cr) 9,792
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 352.55
CLOSE 353.70
VOLUME 72744
52-Week high 585.85
52-Week low 316.35
P/E 33.08
Mkt Cap.(Rs cr) 9,792
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Birlasoft Ltd. (BSOFT) - Chairman Speech

Company chairman speech

Dear Shareholders

Another unusual year after anticipating that the last one would be the mostchallenging awaits us this year. 2021 will see COVID-19 rearrange our travel our supplychains our ability to predict much in advance. However there is undeniable benefit fromthe worldwide rollout of vaccines and this is already evident. We are coming to gripswith how to manage our lives and manage our businesses with more agility and creativity.The worst is not behind us but there are certainly better times to come. I am cautiouslyoptimistic and have reason to be so.

The financial year 2021 was meant to be the year of consolidation. It was the yearwhere we would see the convergence of all systems processes and programs to leverage thestrengths of the ‘new' Birlasoft. It was a year of going out all guns blazing andrealizing the bold goals we had set for ourselves! However this insidious little virushad other plans. In the blink of an eye everything had changed. The world had become anunsafe place. Streets that used to be bustling with traffic were deserted. Economicactivity came to a standstill people stopped buying planes stopped flying and our worldbecame confined to the four walls of our homes.

Against this backdrop let us pause for a minute and take stock of where we are: FY20-21 has been an exceptional year for Birlasoft despite the odds. The Company reportedrevenues of Rs. 35557 Million a growth of 8% YoY. The profitability stood at Rs. 3208Million and witnessed a jump of 43% on a yearly basis. We signed record deals amounting toUS$ 888 Million while keeping our overall attrition low and maintaining strong cash flowthrough the year. Customer sentiment stayed consistently strong as evident in our NPSscores and our share price at a record high a testimony to our investor sentiment.

The journey hasn't been an easy one. We had to question and unlearn all that we knewand quickly pivot to the new reality. "Virtuality" became the new"Reality" and we embraced it. We found new ways to work with our teamsdifferent means of engaging with our customers and servicing them newer ways to deliveron our commitments - all this while staying true to our fundamentals and ensuring that ouremployees stay safe. We were one of the first organisations to move to a complete workfrom home model. We also introduced a multitude of benefits ranging from a COVID Helpdeskto enhance health cover procuring oxygen concentrators for our employees enhancedreimbursement for vaccination and hospitalisation promoted emotional wellbeing and griefcounselling programs through the Employee Reach Out program. And much more.

Simultaneously we continued to strengthen our foundations in terms of leadershiphiring accelerating cross-selling increasing annuity revenue share investing in keytalent forging strategic alliances with the key software OEM's. With our‘Digital-is-Everywhere' and Cloud-First approaches we are determined to weaveindustry-led solutions to help our customers unshackle themselves and accelerate theirbusiness transformation journeys.

As part of the CK Birla group social responsibility is in our DNA and we continue todo our bit for society and for the communities we serve. At the peak of the pandemic ourteam of volunteers collaborated with NGOs to provide food and hygiene kits to daily wagersand unprivileged families in the Delhi NCR region. We were one of the first companies tocontribute to the PM CARES Fund. Our flagship initiative Shodhan in the area of cropresidue management and zero stubble burning was awarded the Social and BusinessEnterprises Responsible Awards (SABERA) 2020.

The last year has been a difficult one on multiple levels but the indomitable spiritof our teams a deeply committed leadership and a set of supportive customers made it alandmark year for Birlasoft. I thank each one of you for your contribution and courageyour faith and your persistence and I hope that you and your families continue to dowell and stay safe.

I also continue to stay optimistic and I hope you do too!

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