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Innovana Thinklabs Ltd.

BSE: 535036 Sector: IT
NSE: INNOVANA ISIN Code: INE403Y01018
BSE 05:30 | 01 Jan Innovana Thinklabs Ltd
NSE 00:00 | 12 Aug 271.20 -8.85
(-3.16%)
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Innovana Thinklabs Ltd. (INNOVANA) - Chairman Speech

Company chairman speech

The year 2020 came with its set of challenges. On one hand we combated the impact ofthe global pandemic while on the other we made some technological breakthroughs andadvancements that would prove instrumental in the growth of Innovana Group. We have indeedcome a long way since our inception and there are many milestones we are set toaccomplish in the coming year.

In the fiscal year 2020-2021 the firm generated a standalone revenue of 33.80 Croreswith net profit of 9.13 Crores Moreover the working capital is as per the free cashflow 48.12 % of our net profit.

At Innovana Thinklabs we have always believed in creating products that add value toour users and clients. A consistent profitable growth is testimony to the standing of ourproducts in the global market and also firmly establishes the dependability of theCompany. Not just our clients and customers in these unpredictable times we took stepsto ensure the safety and stability of our employees by putting certain key policies inplace.

The last year also witnessed us expanding our business portfolio as we forayed intodomains that would assure new growth opportunities for Innovana Group. From a coretechnology organization we diversified into Real Estate Astrology & Fitness with anaim to scaleour business' growth.

I appreciate our employees for their dedication and outstanding commitment to theirwork. All our employees adapted successfully to the constantly changing work dynamics anddelivered results within stringent timelines.

I would also like to take this opportunity to thank our customers and clients for theirunrelenting support especially during the time when the entire world was reeling underpandemic. And I am deeply grateful to our shareholders/Investor for their support andtheir confidence in us.

Chandan Garg

Chairman

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