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Keerti Knowledge & Skills Ltd.

BSE: 538445 Sector: Others
NSE: KEERTI ISIN Code: INE586X01012
BSE 05:30 | 01 Jan Keerti Knowledge & Skills Ltd
NSE 00:00 | 19 Aug 21.15 0.65
(3.17%)
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Keerti Knowledge & Skills Ltd. (KEERTI) - Chairman Speech

Company chairman speech

Esteemed Stakeholders Greetings I wish you and your loved ones are safe and healthy!

The last fiscal year has been athought provoking year for us with the global crisiseffecting the global economy in many ways. It has been more than 18 months as theunprecedented crisis continues to effect as the country still reports 10K plus cases everyday. The government is anticipating a third wave in the coming quarters of this fiscalhowever the growth in the vaccination drive one can be hopeful to slow down theinfections and avoid a third lockdown in the country.

It has been a challenging last fiscal year for every business including the small andlarge scale enterprises. As an education and training company our segment was widelyaffected as the country witnessed a complete closure of offline classes. It stillcontinues to affect our business as the government is yet to permit offline classes inMumbai and Thane region where we have a large presence.

The current crisis has been instrumental in triggering structural changes and hasestablished new ways of working in the business environment. It was ayear of swift changesin education and segment too with introduction of new policies and most importantly theradical change from offline learning to digital learning. Most importantly the studentshave adapted to this digital transformation as well.

Today the conventional education and training segment is popularly known as the EdtechSector as this new era of digital transformation brings in plethora of opportunities forgrowth.Needless to mention the digital transformation in education segment is for here tostay.

About the Edtech Sector:

The occurrence of Covid-19 brought unprecedented opportunities for the Edtechsector in India. With the infusion of new technology in learning innovative solutionsnew technical platforms the Edtech sector is poised to evolve precipitously. This rapidchange to digitalisation of learning supported by new education policy emergence ofEdtech peers strategic investments &partnerships in online learning makes the segmentwith tremendous potential for growth.

It is estimated that India's Edtech industry is poised to become $30 billion in size inthe next 10 years according to a report released by transaction advisory firm RBSAAdvisors. I have a strong belief that with India having the largest young population inthe world and with 580Million in the age bracket of 5-24 and further fuelled by the hugedemand-supply gap the Edtech segment is self-assured for robust growth in the comingyears.

Our Way Forward:

In the last eighteen months we have observed adapted new practices technology andamended our ways of working to adhere to the demands of our students & support themduring these unprecedented times. I am glad and proud that the company has emerged muchstronger to serve our students betterwith speed and agility.

Your company is aware about the domestic & global prospects offered in the Edtechsegment and are preparing for upcoming opportunities by improving our internal processesdeveloping the industry relevant content and continue to strengthen our brands too. It isequally important to develop the online learning platform LMS along with e-contents toensure a seamless delivery of education and training. We are confident to quicken thedigital transformation and deliver seamless and effective training to our students infuture.

While looking ahead we are optimistic of the opportunities coming our way in Edtechsegment thou there are evident risks and concerns as the pandemic period continues to beunclear in the coming months and quarters. However we are hopeful that with theprogression in the vaccination drive the government will permit to open the vocationaltraining institutes schools colleges in Mumbai Metropolitan Region

Before concluding I wish to thank all my fellow board members management teamemployees students vendors regulatory authorities and our shareholders for theirunwavering guidance and seek your continued support in the coming years. I wish all of youand your families safety and good health.

Keep challenging your limits!
With warm regards
Sd/-
Sudhakar Sonawane
Managing Director

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