My heartiest greetings to you on behalf of Ceinsys Tech Limited. It is an honour andprivilege to share with you the company's performance highlights for Fiscal 2018 and itsplan for the future. In today's highly competitive world the only way to survive is tostay ahead. Successful organisations are the ones who embrace this "Mantra" andblend seamlessly into the ever-changing business environment.
Ceinsys Tech Limited has over the years evolved from being a small CAD traininginstitute to a highly successful and reputed technology solution provider in GeospatialEngineering and IT Solutions for Infrastructure Government Defence and SecurityDomains. We can proudly claim to be one of the leading geospatial technology players inIndia. Over the time Ceinsys has consistently reinvented its solution offerings toclients while adapting to changing business needs with quick turnaround times. Ceinsys'updated solution offering has provided a very stable business platform for the comingyears.
Being nimble and agile across all aspects of the business Ceinsys is addressing thechanging market conditions. Keeping pace with customer's requirements Ceinsys has been ona transformation journey and over the years has invested it's time as a team in learningexperimenting and exploring new technologies. Last year we rebranded the corporateidentity with a new structure of Company's business offering and services. The Company'svision for the change was right as we see the difference we are making. With the growthof economy poised to be powered by the twin engines of Infrastructure development andDigital economy your company has entirely aligned its focus and investments creating thecapability to deliver a world-class geospatial engineering and IT solutions for WaterRoads Railways Ports Energy State Governments and Urban Local Bodies. We are blendinga unique and robust relationship model with world's best technology providers with robustsolutions capabilities.
Your company takes evident pride in working for NHAI Karnataka Watershed Department (aWorld Bank funded project) and many such projects of National and State importance.
Accurate data acquisition will be a necessary condition for such projects and I amglad to share with you that your Company has invested in ownership of high-end equipmentlike Mobile LiDAR and UAV enabling its customers to capture visualise and monitor highlyaccurate data.
Apart from managing essential projects as mentioned above with this technology yourcompany will also help the country in preserving accurate digital twins of its pricelessheritage monuments and structures which will play a critical role in their preservation.
Apart from an investment made in purchasing top-of-the-line Mobile LiDAR and UAV Droneequipment your Company is focusing heavily on becoming an active player in the Web GISarena. Web GIS is the technology of the future with all types of organisations realisingthe value of location in their data and with technologies like RFID IoT and high volumedata collection facilities through LiDAR becoming more frequent. With the Company'spartnerships with the world's leading technology platforms and building a dominant teamcomprising of industry veterans and young but experienced development and technologystalwarts we aspire to be the Company of choice for any organisation planning toimplement Web GIS solution comparable to any other in the world. Many projects like theWorld Bank project mentioned above and projects for Municipalities State GovernmentsSmart Cities and Utilities will provide the required technology edge to variousorganisations for smart effective and efficient operations through Company'simplementation capabilities.
It is now the time that we build on this rich and diverse portfolio and take it to thenext level of growth by showcasing robust technology solutions spectrum conveying intentin addressing new domains and project Ceinsys as a World Class IT organisation. TheGovernment of India has undertaken significant structural changes mainly related todemonetization and GST. These twin actions would have long-term benefits on the economyand the same are going to be a significant game changer in the long term and will spurgrowth and consumption. I am of the view that in the coming year we should see a GDPgrowth of 7.5 to 8%. The Government of India is determined for development in multiplesectors which also include Infrastructure Government and Defence and Security domainswhich are also the central focus area ofyour company.
The budget for 2018-19 has allocated a massive outlay for infrastructure at INR 6LakhCrores approximately which is nearly a 20% increase over the revised estimates of FY-18.The new budget will undoubtedly accelerate various infrastructure projects like RoadsHighways Ports Development and more. The Ministry of Roads and Highways has planned toconvert 2 lakh KMs of roads into Four Lane by 2022. All these will boost demand forconsulting and technology solutions for a company like yours.
India's Geospatial market has grown at a CAGR of 12.9% over the years. The governmentis focusing on enormous investment for supply and maintenance of Geospatial data andcreating infrastructure GIS Data integration and various solution developments which willopen new opportunities for a company like yours.
Defence and Security:
Geographic Information System (GIS) plays a pivotal role in Military operations as theyare inherently spatial in nature. The concepts of Command Control Communication andCoordination in military operations are primarily dependent on the availability ofaccurate information to arrive at quick decisions for operational orders. In the presentdigital era GIS is an excellent tool for Military commanders in the operations. The useof GIS applications in defence forces has revolutionised the way in which these forcesoperate and function. Military forces use GIS in a variety of applications includingcartography intelligence battlefield management terrain analysis remote sensingmilitary installation management and monitoring of possible terrorist activity.
Your Company's strategic and early investments in the technology have positioned itwell to benefit from the immense opportunities that lie ahead.
I would like to take this opportunity to thank all the Stakeholders for their continuedtrust confidence and support. I would also like to place on record my sincere gratitudeto the Board Members for their guidance and appreciate all the Employees for theirdedication innovation and hard work.
Chairman & Managing Director