The Financial Year 2018-19 has been a milestone year with quite a few changes in thecompany and in the market as well. I would like to capture below about the new brand ourstrength and our market positioning.
Your company for the Financial Year 2018-19 had a growth of 4% compared to the previousyear. We reported revenue of INR 2888 Mn (288 crores) compared to INR 2786 Mn (278 crores)in Financial Year 2017-18. We achieved a Net Profit Margin of 12.5% an increase of 13% onyear on year basis. With a view to (a) optimizing returns to shareholders; (b) enhancingoverall shareholders value; and (c) to optimize the capital structure of the Company theCompany for the first time offered Buyback of shares. We received an overwhelming responsewith an over subscription.
We successfully integrated into "Expleo" group and now are part of a Euro 1.1bn group present in over 25 countries predominantly in US UK France Germany and OtherEuropean Countries.
Our New Brand reflects who we are: client focused; technical domain competent; readyto take on complex challenges to support our clients with the mixture of boldness andreliability that is critical to our clients. The name "Expleo" conveys the ideaof exploring fresh opportunities and expanding horizons (in Latin Expleo means "tocomplete" and "to satisfy").
Expleo Solutions is the trusted partner for banks financial service institution andinsurance Companies as end-to-end quality services and management consulting expert. Bycombining business insight bold thinking and technical know-how our combined entityprovides us the ability and access to both leading edge technologies and deep industryknowledge. Expleo is active in the technology-intensive sectors that makes business andsociety more connected sustainable and secure.
The Current Financial services organisations are caught in a balancing act. They areunder pressure to meet shifting consumer expectations or risk losing market share toagile FinTech start-ups and digital-native Challenger Banks. Traditional banks oftenweighed down by complex legacy systems must embrace and adopt new technologies asquickly and securely as possible. Banks and Institutions are facing increased pressurefrom regulation designed to protect consumer rights has made constant vigilance abusiness priority.
Our clients have embarked on this journey to change and we are well positioned topartner with them through this journey. Change is inherently risky and with our deepdomain expertise along with the investments that the group has made in R&D throughDigital Labs and the partners we are working with the shift to a Technology enabledtransformation partner is resonating well. A tech-first approach is now the only approach.With the BFSI Industry being in the forefront of Big Data AI Block Chain and DigitalFirst initiatives with a focus on end customer satisfaction we are positioning ourselveswith Tech First Agile and a First-time right approach as a Trusted Reliable Partner withBold ideas and approach.
We are the leading global specialist in quality assurance for financial services. Ourconsultants identify and mitigate business risk in technology-led transformations usingstandardised methodology industrialised automation solutions global delivery and deepdomain knowledge. With your Company as their trusted partner clients will embedcontinuous quality to drive digitalisation and innovation. We work closely with globalinstitutions helping them to navigate the changes being driven by regulatory reform anddigital disruption.
We have the insight and expertise to assure the processes and technologies across
the entire financial services domain and Insurance. To stay ahead in the race we havea group wide and within individual units a comprehensive upskilling program that willenable us to be equipped with the knowledge of the latest technologies trends and bestpractice sharing across the organization.
With best-shoring capabilities and offices in 25 countries worldwide we are as localand global as the Industry needs us to be and looking forwarding to working with ourclients Industry and partners to harness the technological changes and deliverinnovations.
On behalf of Board I would like to take this opportunity to thank our customers fortheir trust and business support to our staff for their dedication and hard work and toyou our valued shareholders for your confidence and continued support.