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Mphasis Ltd.

BSE: 526299 Sector: IT
NSE: MPHASIS ISIN Code: INE356A01018
BSE 00:00 | 30 Jul 2597.60 -70.50
(-2.64%)
OPEN

2684.00

HIGH

2684.00

LOW

2587.15

NSE 00:00 | 30 Jul 2599.75 -69.85
(-2.62%)
OPEN

2668.00

HIGH

2668.95

LOW

2582.65

OPEN 2684.00
PREVIOUS CLOSE 2668.10
VOLUME 33723
52-Week high 2692.35
52-Week low 1001.85
P/E 39.94
Mkt Cap.(Rs cr) 48,637
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2684.00
CLOSE 2668.10
VOLUME 33723
52-Week high 2692.35
52-Week low 1001.85
P/E 39.94
Mkt Cap.(Rs cr) 48,637
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mphasis Ltd. (MPHASIS) - Chairman Speech

Company chairman speech

Dear Shareholder

I am pleased to share our strong financial results of the past year and the progress wehave made on our twin themes of Consistency and Transformation as well as our fourvectors of ‘Growth' - Consistent Competitive Profitable and Responsible. I wouldlike to take this opportunity to discuss the unprecedented situation caused by theCOVID-19 pandemic. Most importantly on behalf of all of us at Mphasis I want to extendour sincere appreciation and gratitude to all those who are in the frontline working tokeep us safe or maintain essential services. Our heartfelt sympathy to all who arebattling the virus or have someone close to them who is. This pandemic has changed the waywe work learn care for ourselves and importantly connect. Against this backdrop ourobjective has never been more relevant - to enrich lives through technology. In fulfillingthis purpose we have in virtually every jurisdiction with stay-at-home order designatedwork-from-home as essential because of the services we offer.

It is amazing how quickly we have mobilized and implemented work-from-home and otherresilience measures - in days instead of months or years. We created significantinterventions wherever possible to leverage work-from-home options - keeping in mindtechnical issues security protocols as well as regulatory constraints. We worked day andnight to enable as many employees as possible to work from home. Our clients have beenextremely supportive and appreciative and we have seen unprecedented levels offlexibility on this front. This is a good opportunity to strengthen our relationships withclients and further step up the value pyramid. New areas of engagement are emerging andwill continue to emerge. Our clients have realized that this situation will onlyaccelerate their need for digital transformation and modernization. Our ability to quicklyvirtualize everything we do is right now.

This success would be impossible without our exceptional employees and we recognizeour responsibility to support both their professional and personal lives now more thanever. Times like these reinforce the truth that our employees are our most important asset- they are fundamental to the culture and success of our company. ‘Applying theNext' in everything we do - from operations and technology to service - depends on theabilities of our employees.

As an organization we have contributed in multiple ways to make a positive impact tothose in distress. Few of the relief measures taken by Mphasis F1 Foundation include:

• Infrastructure set up in record time of the COVID-19 Helpdesk - Apthamitra forthe Government of Karnataka. Mphasis had over 150 medical professionals working in shifts' to respond to calls that came to the 104 COVID-19 helplines.

• Authorized use of Uber-Access cabs for relevant applications related to COVID-19in thecity of Bengaluru. Uber is coordinating with the various government agencies toprovide logistic support during this time.

• Partnered with ASSOCHAM in the meal initiative for staff and health workers atSafdarjung Hospital New Delhi to cover the cost for 10000 meals across 10 days.

• Partnered with Magic Bus India to provide provisions and essentials kits tounderprivileged communities in geographies of our focus. 576 households received food kitsand about 2880 people were made aware of social distancing norms and hygiene practices.

Our Board of Directors plays a critical role in shaping and supporting our strategy andthe future of our Company. They are actively engaged in creating and advancing ourstrategy ensuring that talent and resources are aligned with it and overseeing ourcorporate social responsibility and sustainability.

We are proud of the progress made in FY 2020 and are confident of our direction evenin the face of this pandemic and the accompanying economic upheaval.

Embracing the new normal our two biggest assets - clients and employees - have bothamplified this voice back to us over the recent past. I am deeply grateful and thank eachone of them.

I would also like to thank you our shareholders for your continued supportconfidence and partnership.

Regards

Nitin Rakesh

Chief Executive Officer & Executive Director.