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Intrasoft Technologies Ltd.

BSE: 533181 Sector: IT
NSE: ISFT ISIN Code: INE566K01011
BSE 00:00 | 22 Feb 119.10 0.30
(0.25%)
OPEN

119.50

HIGH

119.50

LOW

114.00

NSE 00:00 | 22 Feb 116.30 -0.30
(-0.26%)
OPEN

115.30

HIGH

119.80

LOW

115.20

OPEN 119.50
PREVIOUS CLOSE 118.80
VOLUME 288
52-Week high 745.90
52-Week low 107.70
P/E 794.00
Mkt Cap.(Rs cr) 175
Buy Price 115.25
Buy Qty 50.00
Sell Price 119.10
Sell Qty 116.00
OPEN 119.50
CLOSE 118.80
VOLUME 288
52-Week high 745.90
52-Week low 107.70
P/E 794.00
Mkt Cap.(Rs cr) 175
Buy Price 115.25
Buy Qty 50.00
Sell Price 119.10
Sell Qty 116.00

Intrasoft Technologies Ltd. (ISFT) - Chairman Speech

Company chairman speech

We Re-Affirmed Our Vision To Become The Leading Multi-Channel RetailerIn The US E-Commerce Industry. With The Continued Shift From Offline To Online Retail WeWere Re-Assured Of The Size Of The Opportunity And The Demand For Our Services.

Dear Shareholders

Though 2017-18 Was A Defining Year As We Crossed The ` 1000 Cr.Revenue Milestone There Were Many Learnings Along The Way. We Re-Affirmed Our Vision ToBecome The Leading Multi-Channel Retailer In The Us E-Commerce Industry. With TheContinued Shift From Offline To Online Retail We Were Re-Assured Of The Size Of TheOpportunity And The Demand For Our Services.

We Will Continue To Leverage Our Strong Technology Backbone OurIncreasing Operational Efficiencies And The Aggregation Benefits Arriving From Scale ToProvide Most Optimal Unit Economics To Our Vendors Thus Becoming Invaluable To Them.

During The Year We Clearly Saw Our Platform Performing On The CustomerFront. We Were Able To Garner Sales By Maintaining The High Ratings And Growth In ReviewsWhich Validated Our Competitive Edge. While Work On This Front Is By No Means Complete ItIs Now More Structured And Improvements Will Keep Happening Over Time. With This Long-TermGoal Of Solidifying Our Vendor Base We Remain Focused On Growth. However We Realise ThatTo Grow On A Sustainable Basis In The Long-Term We Need To Maintain OperationalDiscipline By Increasing Our Operating Efficiencies And Improving Our Working CapitalCycle.

Working Capital Cycle Is Predominantly A Function Of How Efficiently WeAre Able To Turn Our Inventory. The Higher The Turns The Lesser The Requirement OfCapital. With The Use Of Predictive Analytics Tool We Will Continue To Work On ItFurther The Output Of Which Will Be Stocking ‘Just I N Time' Inventory. We WillSave Not Only Storage Costs But Also Capital. We Intend To Deploy A Fair Bit Of ResourcesTowards This. We Will Continue To Leverage Our Strong Technology Backbone Our IncreasingOperational Efficiencies And The Aggregation Benefits Arriving From Scale To Provide MostOptimal Unit Economics To Our Vendors Thus Becoming Invaluable To Them. This We BelieveWill Ensure Long-Term Sustainability Of Our Vendor Base Leading To Increase In MarketShare And Creating More Value For Our Shareholders. At Intrasoft We Are Not Following ASet Trail But Creating A New Highway. We Are Aware That There Will Be Short-TermChallenges But We Are Clear About The Direction And The Destination. Over The Years WeHave Overcome Challenges That Have Given Us Invaluable Learnings. We Have Created TheRight Building Blocks In The Form Of Mindset And Model Intelligence And Insights As WellAs Technology And Talent. As We Go Forward In This Exciting But Unchartered Journey WeAre Cautious But Confident Optimistic But Vigilant Of The Challenges Ahead. While ThereCould Be Short-Term Aberrations Our Long-Term Focus And Goal Remains Clear And Firm.

Our Long-Term Strategy Is To Scale Up - Expanding Our Market-Share ByCreating An Unbeatable Experience And Value Proposition For Our Vendors.

We Shall Continue With Resolute Determination And Focus On : Giving OurCustomers The Best Retail Experience Online

Nvest In Our Custom-Built Technologyi And Operational Platform ToDeliver Best Experience To Customers And The Vendors

Data-Driven Decision Making

Drive Stronger Value Proposition By Synergising SeamlessVendor-Experience With Execution Efficiency My Heartfelt Gratitude To All Our StakeholdersFor Their Steadfast Support And Confidence In The Management Of The Company. I Assure YouWe Will Continue Our Journey With Consistent Steps Keeping Our Credibility Paramount.

Sincerely

Arvind Kajaria

Managing Director