I address you all with a sense of great pride and satisfaction. Our company has notonly performed well this year but has also made a name for itself in providing tailormade solutions for customers in fields like Banking Educational Institutions RealEstate Corporate Offices and Retail Malls. The project sizes have become larger and thesame is reflected in a top line growth in our financials. Creating a good name andestablishing a brand takes a long time in the AV sector.
Our values have guided us at every step and today we can say that our company has beenblessed with a reputation of "trust and integrity". While it has taken us fivelong years to reach this stage we must acknowledge the hard work of our team which hashelped us in reaching such a milestone.
Our Company has achieved another important goal in the Financial Year 2018-19. We havebecome an ISO:9000 Compliant Company. Furthermore this year we have shown a growth ofmore than 50% with an increased base of customers. We are currently in the process ofdiscussing distribution business with well-known OEM's. Going forward this will help usin improving our bottom line in the years ahead. Our present bottom line is under pressurebecause of a weak Indian Rupee against the US$ as well as an additional cost of Talentmanagement. The investment being made in our present team is sure to benefit us in thefuture.
The coming year looks equally exciting as there is a good funnel of prospectiveprojects for the company. While there are numerous challenges like negotiating with OEM'sdelay in projects by executing agencies fulfilling ever-changing wishes of the end usersand most importantly competition from our peers in the industry I wish to state that weare dealing with each one of them diligently. Our team is capable of taking anentrepreneurial approach to ensure favorable outcomes in most cases.
Globally Geopolitical events are threatening to drag down major economies and this islikely to disrupt international trade and commerce. It is extremely important to stayclose to your customers and fulfil their needs and requirements. With an effective OEMengagement plan and an equally robust Customer Centric Philosophy Ind Agiv Commerce Ltdis committed to providing tailor made solutions to clients across the country.Proactively the company is investing in personnel capable of efficiently handling DesignExecution and Supply Chain segments of our industry. Our Pan-India presence is of greathelp in achieving these goals. The AVSI Business Technology is changing at a very fastpace. There are short term life cycles which require a high level of innovativecapabilities. We are continuing to invest in our Key Management Group to maintain arespectable level of performance and delivery.
The opportunities ahead are huge. While staying true to our mission and core valuesand by continually investing in building newer capabilities Our Company is wellpositioned to become the foremost partner of choice to all customers and OEM's. I wish tore-confirm that we are moving in the correct direction.
On behalf of the Board of Directors I want to thank you all for the continuous trustconfidence and support that you have reposed in the company.
With Best Wishes
VB RUPANI CHAIRMAN