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DigiSpice Technologies Ltd.

BSE: 517214 Sector: Telecom
NSE: DIGISPICE ISIN Code: INE927C01020
BSE 00:00 | 17 Jan 5.08 0
(0.00%)
OPEN

5.10

HIGH

5.10

LOW

5.08

NSE 00:00 | 20 Jan 5.15 -0.10
(-1.90%)
OPEN

5.15

HIGH

5.40

LOW

5.10

OPEN 5.10
PREVIOUS CLOSE 5.08
VOLUME 100
52-Week high 11.95
52-Week low 4.11
P/E
Mkt Cap.(Rs cr) 116
Buy Price 5.08
Buy Qty 163.00
Sell Price 5.50
Sell Qty 2000.00
OPEN 5.10
CLOSE 5.08
VOLUME 100
52-Week high 11.95
52-Week low 4.11
P/E
Mkt Cap.(Rs cr) 116
Buy Price 5.08
Buy Qty 163.00
Sell Price 5.50
Sell Qty 2000.00

DigiSpice Technologies Ltd. (DIGISPICE) - Chairman Speech

Company chairman speech

Dear shareholders

It gives me great pleasure to write to you for the first time as DigispiceTechnologies our new corporate identity. We have now truly transformed ourselves into aDigital Technology Services company post restructuring of our hardware businesses. Ourcorporate structure now stands simplified with the listco having 2 key investments: one inour fintech venture now renamed as Spice Money Limited and the other in the form of ourstrategic stake in the hardware business led by the Transsion group from China.

DIGISPICE BUSINESS

In the financial year of 2018-19 we worked on building new growth engines. In thedigital technologies business we focused both on product and sector diversification.Fintech as a new category for our Telco segment and Enterprise messaging as a new categorywithin the BFSI sector have emerged as new growth engines for us and we believe that theycan be significant growth drives for us in the short to medium term. On the Telco sectorour legacy business around VAS has been under significant revenue pressure due tostringent regulatory guidelines across most of the markets that we work in. During theyear we have signed new contracts with our telco customers to work on music apps contentmanagement and self care platforms. Going forward we see our telco customers working ondigital products and services both for their retail and enterprise customers. To tap intothis opportunity we at Digispice will be investing in building new capabilities arounduser experience engineering Data analytics and Automation. In the short term revenuegrowth from the Telco segment is going to continue to be challenging as we reinvent ourproducts portfolio for this segment. We hope that our new investments will yield growthfrom the Telco segment in the medium to long term. In terms of geo diversification we areevaluating opportunities in developed markets by doing some POCs on the ground and we willplan our strategy based on progress made during the financial year 2019-20.

Spice Money

In the fintech business Spice Money we have been able to build further scale in termsof number of transactions and customer service points during the financial year 2018-19.As the BFSI sector looks to expand their reach into semi urban and rural India a digitalplatform like Spice Money offers them a unique opportunity to leverage an asset lightnetwork to roll out micro financial services to a significantly under penetrated market.

During the year we reached a total base of 150000 customer service points covering11000+ pin codes. Growth in the network coupled with increasing transactions per servicepoint led to a 160% y-o-y growth in the number of transactions processed with a totalvalue of approx. Rs. 15000 crore during the year.

As we chase growth at Spice Money being a regulated entity we will also continue togive equal focus on risk management and compliances.

I would like to thank the entire Spice employee family for their hard work anddedication over the last one year all our partners for their strong commitment andsupport and most importantly to you our shareholders for your trust in all ourendeavours. I thank you for your continued patronage and assure you of our commitmenttowards building long term value for all our stakeholders.

With Best Wishes

Dilip Modi

Executive Chairman