You are here » Home » Companies » Company Overview » Cyient Ltd

Cyient Ltd.

BSE: 532175 Sector: IT
NSE: CYIENT ISIN Code: INE136B01020
BSE 00:00 | 08 Aug 830.05 8.85
(1.08%)
OPEN

815.00

HIGH

832.00

LOW

811.05

NSE 00:00 | 08 Aug 829.90
(%)
OPEN

824.90

HIGH

831.90

LOW

811.05

OPEN 815.00
PREVIOUS CLOSE 821.20
VOLUME 9643
52-Week high 1292.00
52-Week low 725.65
P/E 16.34
Mkt Cap.(Rs cr) 9,160
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 815.00
CLOSE 821.20
VOLUME 9643
52-Week high 1292.00
52-Week low 725.65
P/E 16.34
Mkt Cap.(Rs cr) 9,160
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cyient Ltd. (CYIENT) - Chairman Speech

Company chairman speech

Dear Shareholders

Thirty is considered a significant decade in the life of a human - itbrings both freedom and responsibility to the person. I believe this is the case for acompany too.

Cyient (formerly Infotech) started as a digitization company with amodest personal investment in 1991. At the turn of the century we pioneered outsourcingengineering services from India and successfully created the brand "Engineered inIndia." Today as a 31-year-old global technology solutions company with over abillion dollars market cap Cyient stands tall on its long list of achievements bringingit both freedom and immense responsibility.

Historically outsourcing enterprises became successful largely becausethey learned how to scale a process and build domain expertise. So did Cyient. But suchpractices are outmoded today because of the acceleration in technological disruptioncustomer-in-control power shifts and unexpected global happenings at an unprecedentedscale.

Against this backdrop the future belongs to the "adaptivecorporation" capable of navigating the new normal. The concept put forward byAmerican futurist Alvin Toffler in 1985 is more relevant now than ever.

To be in tune with the times Cyient is fast transforming into anadaptive corporation while working at the edges of established domains and cutting-edgetechnologies. In addition it is innovating future-ready solutions that realign andredesign customer experience bringing them immense value while offering excellent returnsto Cyient. More importantly our Values FIRST and inclusion and diversity-based culturecontinue to anchor and guide us as we audaciously sail across the new seas.

Today's non-linear inflection points present boundless opportunities.Cyient is ready to grab them and chronicle a glorious future with a founder's mindsetpassionate commitment to excel and an irrepressible drive to succeed.

I wish our customers shareholders board members partners andassociates the very best as we embark on navigating the new in FY2023.

GodSpeed!

Dear Shareholders

As I look back at the year and my role atCyient I find myselfreminiscing about how the company has grown in earnest and the consistent path it hastaken. Cyient as an organization has demonstrated its ability to adapt and change. Todayit is a leading technology solutions company with over 16000 associates serving 240customers in 18 countries. Over the years good governance and best practices built intothe organization's functioning under the astute leadership of Dr. BVR Mohan Reddy haveensured its success and growth. Values FIRST enunciated by Dr. Reddy stand for FairnessIntegrity Respect Sincerity and Transparency. These values are embodied in the peopleof Cyient whose unwavering focus on these has ensured Cyient's consistent growth.

The company's financial performance has been impressive; thesignificant increase in profits and positive financial results quarter on quarter indicatethat Cyient is entering a transformative period. I want to express my gratitude to ourcustomers for their trust and confidence in us. This has been especially evident throughthe increase in the number of large deals won by Cyient across geographies and verticals.

I extend my thanks to all the associates at Cyient for theirdedication Krishna and the leadership team for their mindful direction during thesedifficult years.

The leadership has brought new expertise skills and capabilities tothe organization. With such strong pillars the company's potential is undisputed and Iam keen to see it grow expand and create larger offerings for our customers andstakeholders.

The members of the board have taken an active role in providingstrategic direction to the company. They have always been available to the company'sleadership and management teams. The board continues its focus on diversity and inclusionand emphasizes environmental social and governance (ESG) principles across thegeographic breadth of Cyient's offices. I thank the board of directors for their wisecounsel.

I thank Mr. Som Mittal who served on the board for eight years and hasformally retired this year for his excellent leadership and guidance to the company. Iwish him good health and an active retired life.

Mr. Som Mittal brought his vast experience in technology and policyinsights to Cyient. He chaired the Strategy Committee and was an active Audit Committeemember. I welcome Mr. Karthikeyan Natarajan the COO and Mr. Ajay Agarwal the CFO ofCyient to the Board of Directors. This is yet another example of Cyient's encouragementand recognition of its people's significant contributions to the company.

Empowering Tomorrow Together is the company's Corporate SocialResponsibility vision with a focus on quality education and social innovation. The CyientFoundation makes investments throughout the year to better lives through digital literacyskill development programs medical research and community development projects.Sustainability and reforestation are also a part of the Foundation's mandate to ensurethat we make a wholesome difference.

Cyient continues to set itself apart as an inspirational organizationrooted in good governance for over 31 years. I am pleased to see the company being aconscious and responsible corporate citizen while ensuring business growth andtechnological excellence. I thank all of you for your support to Cyient as it moves aheadin its quest to Design Tomorrow Together while Navigating the New.

BVR Mohan Reddy /
Founder Chairman and Board Member
MM Murugappan If
Non-Executive Chairman

.