Dear Shareholders

The Indian economy is considered one of the fastest growing economies globally with theprojected GDP growth rate at 7% and above for the next few coming years. FurtherIndia’s demographic dividend is expected to increase with the population growing from1 billion in 2001 to 1.4 billion in 2026. 83% of that increase is estimated to be in theage group of 15-59age groups. If this dividend is harnessed by 2025 India will not onlyhave 25% of the world’s total workforce but India’s per capita income will be$4100 which currently stagger’s round $1000.

Clearly the task ahead is to harness and develop the collective pool of knowledge andskill in the industry and to find ways and avenues of rightfully deploying the potentialworkforce in the years to come. This industry is marching ahead into advanced processesinnovation and product development that require a human resource with specialized skillsespecially computer related hardware and software skills for automation of businessprocess. Converting people to be productive and industry ready necessitates radical reformin multiple aspects of the Indian ecosystem.

The education business has seen the entry of host of new vocational developmentinstitute. The Education Business is one of the high growth and happening industry withpresence of mix of various professional academies Private and Public institutes privatetutors technology collages & schools etc. which forms part of the industry.Technological and regulatory changes have spawned new platforms of delivery. The Companyoperates in highly competitive environment that is subject to innovations changes andvarying levels of resources available to each player in each segment of business. This maybe a matter of concern if the Company does not adapt to the changing face of the Industry.The Company has been keeping itself abreast of latest technological changes in theindustry to implement the same in its operation to keep itself ahead of competition.

India’s vocational skill education sector is one of the largest in the world.During the last few years several factors have propelled the growth of this sectorsignificantly. The Government increased the budgetary allocation towards the sector andthe most exemplary instance is the Pradhan Mantri Kaushal Vikas Yojana (PMKVY). Besidesrising urbanization increasing awareness about skill education among the masses boominginvestments from the private sector and others are likely to drive the sector forward. Theskill education sector in India has two major segments – "core" and"non-core". While the core sector comprises regular schools and colleges thesupplementary vocational skill educational sector consists of vocational training andcoaching classes. The concept of non-core skill development program is gaining immensepopularity in recent times. This growth is driven by increasing awareness and up keepingwith dynamic changes of information technology about the fact that the major part of ouryouth is computer illiterate especially the semi urban and rural area and theredevelopment can’t be committed unless they themselves pace up and adopt thetechnology. The relevance of G-Tech lies here. It endeavors to provide quality educationat affordable rates to the youth in India thereby helping the growth of the nation.

The Company’s success to a large part depends on the abilities and continuedservices of its skilled personnel and senior management. The Company’s seniormanagement is particularly important to its business because of their experience andknowledge of the industry.

Chairman