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InfoBeans Technologies Ltd.

BSE: 532560 Sector: IT
NSE: INFOBEAN ISIN Code: INE344S01016
BSE 05:30 | 01 Jan InfoBeans Technologies Ltd
NSE 00:00 | 28 Jul 478.10 -5.90
(-1.22%)
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InfoBeans Technologies Ltd. (INFOBEAN) - Chairman Speech

Company chairman speech

We have since our inception focussed on four pillars that have been the cornerstone ofour existence and these pillars continue to drive our growth forward. We would like toshare a few insights on those pillars and how they drive our business.

a) Excellence is the raison d’etre of our existence. At InfoBeans excellencereflects in designed our offices our policies client engagement training programs andeven our cultural programs. The underlying belief is that unless we seek perfection inevery aspect of what we do excellence will only be on paper and not practiced.

We empower our teams to achieve and sustain outstanding levels of performance that meetor exceed the expectations of all the stakeholders. This focus on excellence ultimatelyhelps the company achieve its goals by honing the talent of our people by helping themrealize both their organizational and personal goals.

Bottomline is we strive to Create WOW in everything we do!

b) Ownership in our opinion is the foundation of trust in an individual and in theorganization. Accountability breeds responsibility and every team member at InfoBeansfunctions as a highly accountable individual whether he/she is working as a team or as asole contributor.

One small way that we like to walk the talk is by motivating our associates to becomepartner in the business under InfoBeans Partner Program (ESOP). This way they‘own’ a part of the Company and hence a direct involvement in its affairs. Webelieve that motivates team members to take initiative that’s in the company’sbest interest versus looking only at what’s in their personal interest. Thisencourages our team to take initiative where they may otherwise not and this of course isvery close to what taking ownership is all about.

c) Creating a culture of compassion in the workplace is where manysuccessful companies are placing their attention today and InfoBeans has focussed on thisaspect since the time we started. Compassion involves more of putting oneself inother persons' shoes and genuinely wanting to understand and help them. Itinvolves beginning to have a totally different perspective when it comes to showingkindness caring and willingness to help others. We believe that when we treat otherscompassionately we build a sense of belongingness and feel being valued. This creates ahappy and fulfilling work place where each team member wants to come back every morning.With this bonds are formed trust is established and a willingness to collaborate onprojects and shared visions becomes the driving force behind our intentions.

d) Openness as the fourth pillar of our company culture is to create an environmentwhere communication is transparent where there is a free exchange of ideas where thereare no walls that decide who can communicate with whom and where feedback can be exchangedfreely so that we build trust within the people and the organization. We have builtsystems seeking high involvement of leaders and team members in bringing positive changeencourage a culture of openly discussing decision making criteria and ensuring open forumson providing feedback for organizational policies and procedures so that they are appliedfairly and equitably across the organization.

We take immense pleasure in sharing with you all the highlights of our Company’sperformance for the financial year ended March 31 2019. we do right from the way we haveIn the year gone past we have focussed on strengthening and expanding our presence in allthe geographies we are present in – United States Middle East and Germany and we areproud to share that we have added one Fortune 500 client in each of our regions with atotal of 17 new clients across all 3 regions.

The founders take a personal interest in the requirements of all clients which is whatdifferentiates us from the others.

To summarize our financial performance in the year our Revenue for FY2018-19 is INR120.38 crores an increase of 24% over the previous financial year. We are happy to reportan EBITDA of 25.08 crores PAT of 17.23 crores with the margins expanding 1300 bps and 300bps respectively. The Company’s Board of Directors has recommended a final dividendof Re. 1/-per share of face value of Rs 10 each for the financial year 2019

During the course of the year out of the 17 new clients 2 were added in StandardsDevelopment Organisations (SDO) space 5 in ServiceNow and 10 in enterprise servicesspace.

We were recognized as "Dream Companies To Work For 2018" in IT& Software during the year which reinforces our core values of creating a happyworkplace for the team.

We take this opportunity to thank the team who endeavours relentlessly in deliveringWOW to our customers day after day.

We want to thank all of our clients for partnering with us and for choosing InfoBeansfor their digital transformation journey. We also would like to thank all our shareholdersfor their confidence in the InfoBeans story. We thank you all for your immense support andcontinued confidence in our Company its founders and the team.

The path ahead for the Company is to build on this progress and bring these services tomore clients in our key markets. We stay focused on delivering value to all ourstakeholders – shareholders vendors partners clients and the team without whom wecould not possibly deliver our vision. As we plan and work towards taking our business tonew markets innovate on the services we provide driven by a deep commitment to delivervalue to our clients we look forward to your continued support and encouragement to takeInfoBeans to the next level of success.

We are pleased to share that trading in equity shares of the company has been migratedto NSE (Capital Market Segment-Main Board) from NSE SME Emerge platform w.e.f. 15th July2019.

Founders

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