With a huge population growing middle class and deeper Smartphone penetration Indiais possibly one of the biggest markets for world businesses running on technology and withthe advent of the Digital India programme with an aim of transforming the country into adigitally empowered society and knowledge economy. The Digital India would ensure thatGovernment services are available to citizens electronically. Your Company has been at theforefront of this Digital revolution by making strategic investments across multipledimensions ahead of time to ensure that we are well equipped to capture this bigopportunity. Led by a sharp rise in software spending technology spending in India willgrow by 12 per cent in 2018 Forrester's latest India tech market outlook said. Whiledemonetization and the fast-tracked implementation of GST slowed growth in 2017 thegovernment is now in a better position to drive reforms and the Indian economy is expectedto recover its lost momentum and do progressively better in 2018 and 2019. Rapiddigitization of the economy and rising numbers of digital consumers will continue to fuelspending on mobility. At IKF our focus has always been on delivering superior returns andmaximizing value for our shareholders. We are excited about what lies ahead and we willcontinue to tap some of the emerging opportunities to deliver industry-best growth. Onthis note let me take this opportunity to thank our management team our dedicatedemployees suppliers customers partners and shareholders for their unabated support andfaith in the company. Your support through thick and thin has been a great source ofstrength for us. We look forward to your continued support in the coming years.
| ||Sincerely |
| ||Sunil Kumar Goyal |
|Date: 28th July 2018 ||Chairman |
|Place: Kolkata ||Din: 00550933 |