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Innovative Ideals and Services India Ltd.

BSE: 541983 Sector: Others
NSE: N.A. ISIN Code: INE492Y01011
BSE 00:00 | 23 Jul 7.69 0.09
(1.18%)
OPEN

7.41

HIGH

7.70

LOW

7.40

NSE 05:30 | 01 Jan Innovative Ideals and Services India Ltd
OPEN 7.41
PREVIOUS CLOSE 7.60
VOLUME 12000
52-Week high 11.47
52-Week low 6.37
P/E
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.41
CLOSE 7.60
VOLUME 12000
52-Week high 11.47
52-Week low 6.37
P/E
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Innovative Ideals and Services India Ltd. (INNOVATIVEIDEAL) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to address all the esteemed shareholders of the companyand present the 19th Annual report of INNOVATIVE IDEALS & SERVICES (INDIA)LIMITED. Firstly I on behalf of the Company would like to thank you all for being hereand bestowing your trust in the Company.

Innovative in October 2018 opted to have its equity shares listed on the BSE SMEplatform. The listing of equity shares on the Stock Exchange has laid down a path forstrong Company and shareholder relationship and we perceive as a huge motivation factor tostrive further to secure the interest of the stakeholders of the Company. To highlightsome of 2018-19 performances in terms of revenue and business growth we are pleased toinform that in the FY 2018-19 as per the Standalone financials your Company has achieveda total revenue of Rs. 2576 Lakhs as compared to Rs. 2032 Lakhs in the previousFinancial Year 2017-18. The current year Standalone Profit after Tax (PAT) is Rs. 442Lakhs as compared to Rs. 370 Lakhs in the year 2017-18.

We started laying the FTTH (Fiber to the Home) for private developers properties whichwas a booming market then & now tied up with Reliance JIO & TATASKY Broadband andhave successfully connected multiple homes for high speed data connection on fiberbackbone.

With our mantra of focused hard work we grew with time and have setup our globaloffice in Singapore to grow exponentially.

We launched Mobile phones under our brand name "INOYO" and got a goodresponse in a very short span of time. We developed a Retail distribution network of20000 retailers 400 distributors & 23 godowns PAN INDIA to reach every corner ofIndia.

Recently we tied up with "LEAGOO" a big smartphone global market brand andlaunched them in India in offline & online market.

We plan to launch more models & brands of smartphones to cater to 120 millionsubscribers in India.

Our strength lies in the right team of people & the strong customer base allconnected with the network of ready distribution & retail chain. We are confident thatwe would make a significant progress and become one of the leading players of electronicsecurity solutions provider.

I would like to place on record my sincere appreciation to the Board of directors fortheir guidance. I would also like to place on record my heartfelt thanks to all thecustomers business associates suppliers bankers and authorities of the BSE SEBI NSDLCDSL and RTA for their support. Lastly I would like to extend my gratitude towards allour Shareholders for their continuing faith and confidence in the management of theCompany. We aim to earn your trust every day and will work towards achieving the greaterheights of success in coming years.

Thank You

Maqsood Shaikh

Managing Director

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