Greeting of the Day!
On behalf of the Board of Directors it is my pleasure to present to you InnovanaThinklabs Limited's ("INNOVANA" and together with its subsidiary collectivelythe "Group") Annual Report for the year ended on 31st Day of March 2018("Financial Year 2017-18") after successful listing onNSE Emerge PlatformofNational Stock Exchange of India Limited Dated 12th December 2017.
We conduct and grow our business in a sustainable way so that our stakeholders allbenefit. An important component of delivering value to our shareholders and earning theirtrust over the long term is returning capital in a consistent and transparent way.
For the year under review our revenue saw increase to Rs. 30.83 Crores in FinancialYear 2017-18 as compared to Rs. 15.51 Crores in the previous corresponding Financial Year("F.Y. 2016-17") and The Profit after tax is Rs. 7.52 Crores for the FinancialYear 2017-18 as compare to Rs. 0.72 Crores in the previous Financial Year 2016-17.
Last one year has been very eventful for the company wherein we got your companyconverted from Private Limited to Limited company and even had it listed on NSE Emergeplatform. The listing has been very encouraging as we received a massive response to ourIPO. The IPO was oversubscribed by around 2.35 times. We once again thank all thesubscribers and shareholders forthis overwhelming success.
In closing I would like to thank our dedicated management team and Board members forworking diligently to ensure Innovana Thinklabs's sustained success and our valuedshareholders of the Company for their confidence and trust. We assure that all effortsshall be put forth for achieving greater heights and robust growth of our Company in theyears to come.
I look forward to continuing this journey together in the future.
With Warm Regards
For Innovana Thinklabs Limited
|Chandan Garg |
|Chairman cum Managing Director |