Greetings from MRO-TEK
I am pleased to bring to you the 2017-18 34th Annual Report of your company.We closed 31st March 2018 weathering a tough telecommunications market whichsaw a major disruptive market forces significant consolidation by operators and slownetwork expansion. In spite of all this your company managed to continue serving its longterm large customers-providing them quality products and services the company is famousfor.
This year also saw the introduction of professional leadership strengthening of theorganization major improvements in machinery and technological capabilities. Efforts inthis direction by Team MRO-TEK resulted in recognition of your company as a NationalSystems Integration partner for the Govt. of India telecommunications company-BharatSanchar Nigam Limited-for its Enterprise network projects on a national scale.
Your company has expanded its carrier grade products business into Optical technologiesincluding in Optical Ground Wire (OPGW) a major requirement in the national powertransmission sector.
Additional efforts in expansion of business into allied areas-Electronic ContractManufacture and in new technologies have also sown the seeds of our future growth. The EMS(Electronics Manufacturing Services) business now boasts of multiple Tier 1 customers-whohave entrusted crucial electronic manufacturing projects to your company-thus adding a newrevenue stream. Your company will expand this business exponentially in the near future.
The new generation products in machine automation and unmanned systems have resulted inthe successful indigernization of the new Homeland Security Unmanned Aerial Vehicles(UAVs) which have conducted field trials in multiple locations for the Nation's securityforces. I expect significant business growth in this segment in the future.
I look forward to the coming years with confidence and stand poised in the threshold ofbig business opportunities-which will bring long term value and take your company togreater heights of financial and technological success.
With Best Wishes
Aniruddha Bhanuprasad Mehta
Chairman & Managing Director
23rd May 2018.