Your Company had a good year amidst economic changes technology transformations andsome degree of global challenges. FY20 has been an eventful year in the history of theCompany due to momentous changes that have unraveled both within and outside the walls ofyour Company over the past few months.
The world economy and social dynamics have been impacted by a virus in a way that fewcould have foreseen. No country and certainly no company has been left unscathed. Theoverall environment and sentiment has become dubious however we are confident to sailthrough this difficult and unprecedented phase through collective and united efforts ledby numerous institutions and countries. Against these odds I am pleased to report thatyour Company's revenue from operations was Rs. 2600.72 Lakhs. On a constant currencybasis we saw demand strengthen and growth accelerate right through the year in our SkillDevelopment Division cluster to 24.73% growth for the full year. Likewise ourAdvertisement cluster grew 173.30% in Financial Year 2019- 2020 compared to 20.01% in theprevious year 2018-2019.
At Global Education Limited innovation is the difference-it's what drives everythingwe drive from developing products to fostering sustainability. 2019 -2020 was achallenging year but also a period of progress. The continued trust and support of ourclients and dedication of our employees during this period helped us to mitigate theimpact of our business and financial results. We are in the education sector with a commonmotto of making every individual competent equipped and industry ready. We have sincerefocused our resources on serving our clients driving our strategy forward andimplementing the targeted growth initiatives that we have defined to refrain the trust ofour clients shareholders and other stakeholders.
Very few events have redefined so dramatically the way we live and work as the COVID-19 global pandemic . I am extremely proud of GEL response to the onset of the pandemic andcorresponding actions in ad mist of lockdown. The level of coordination logistics andcommunication to maintain the highest levels of customer service while keeping theemployees safe is truly commendable. It was our inherent preparedness as a future ready"Digital Inside" Company that helped us to mobilize at breakneck speed whilemaintaining an unwavering focus on the health and safety of the GEL employees as well asbusiness continuity and communications. A culture of working remotely with implantation ofcollaboration tools well designed contact center and availability of the hardware thathelped us during the COVID- 19 global pandemic.
In addition to our code of conduct which sets out binding ethical values andprofessional standards for all employees worldwide we have introduced a set of businessconduct behavior recently to guide our employees in their daily activities and help toreduce the potential for operational or conduct losses resulting from breaches of ethicalstandards or the failure to identify escalate and resolve problems at an early stage. Weare proud that we have been able to make a positive change in the lives of manyindividuals.
The value creation of an enterprise extends beyond financial capital. As more and moreeducated people become part of the organized workforce across the world issues likesustainability and climate change have become everybody's business. For us at Globalcreating value across social natural intellectual and human capital is central to ourexistence.
Today Global Education Limited has come a long way making numerous remarkablecontributions. We know that our customers have high expectations from us and we strivenever to take our customers for granted. We are positive that the Company's revenue andShareholder's value will be enhanced in the coming years. We invite you to learn moreabout our motto "Always A Step Ahead" which comes to life in our vibrant Globalfamily.
As we stand at the end of another successful year I am happy to report that our strongbusiness fundamentals and capabilities will hold us in good stead in the coming years. Ourobjective will be to drive growth through the investments we have made whether it is intotransformation frameworks disruptive solutions products or services. While we continueto focus on profitable growth and maximization of value for our stakeholders as the keyagenda it is imperative for us to consolidate what all we have created so far. Indiaremains a spectacular market for education products and services that is largelyunpenetrated. With the largest number of young people in the world that are hungry foreducation you can expect Global in the coming years to rapidly grow its network ofconsumers by providing services and products that are tailored to customer needs.
At Global we will continue to simplify the IT environment by removing complexities anddifferentiate through next-generation technologies. We'll also focus on heritage andevolution for market leadership and embracing and managing change in the market byincreasing expertise through upskilling. GEL is well on its way to building the toolsplatforms insights and expertise that connect customer context and experience whichdelivers transformative omni-channel digital services and powerful one- to-onepersonalization for connected experiences. The Company will meet customer expectationseven through dynamic technological economic and environmental shifts with exceptionalbusiness models and delivery excellence.
Looking Forward for Financial Year 2020-2021 our overarching priority and objective isto continue to remain focused on increasing effectiveness and efficiency and giving backto the communities where we live and work in line with our core values of Caring GlobalTeamwork and Continuous Improvement. Our product/service pipeline will continue to besupported with engaging marketing programs and strong advertising investment.
As a company our pursuit to make an impact in all walks of life continues unabated Ilook forward to an exciting and challenging year ahead with new milestones andachievements. As I conclude I want to thank all of our customers shareholders andemployees for their continued faith and support in the company. We continue to rely onyour whole-hearted support as we pledge to drive your company to a bigger tomorrow ofperformance and success.
At Global - We have the talent the vision and the conviction. Together let's use themto continue building a rewarding future.!!
Vijay Singh Bapna
Chairman - Board of Directors