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Network People Services Technologies Ltd.

BSE: 535391 Sector: IT
NSE: NPST ISIN Code: INE0FFK01017
BSE 05:30 | 01 Jan Network People Services Technologies Ltd
NSE 00:00 | 30 Jan 351.05 -17.95
(-4.86%)
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Network People Services Technologies Ltd. (NPST) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my immense pleasure to presentthe 9th annual report for NetworkPeople Services Technologies Ltd (NPST) to our shareholders. Last year the organizationhas taken a big leap with the support of our investors a much- needed boost to our visionand future roadmap. Our Shareholders are an important pillar in our organization's growthplan and we thank them for their immense trust reposed on NPST during our Initial PublicOffering (IPO). Our company successfully came up with an IPO of 1712000 equity shares offace value of Rs 10 each fully paid up at an issue price of Rs. 80/- (including a sharepremium of Rs. 70/- per equity share). We are very humbled with this response from ourinvesting fraternity and also recognize the responsibility bestowed on us to ensure thatour future performance and results meet our shareholder's expectations.

In order to meet growth requirements it was imperative to scale ourdelivery centers with increase in development capacity. We have within a year scaled ourNoida delivery center as well as added capacity in Mumbai office. This will help meet theincreasing demand for development in Payment industry. As a roadmap for this year we areadding our third delivery hub in Bengaluru which will be focused on future-ready productdesign and meet our large customer base in banking industry.

We have been successful in building and delivering "SuperApp" for BFSI segment which will give us first mover advantage when 5G is fullyimplemented in India. We have been able to execute this solution for Canara Bank for theirBanking Super App "Canara ail". The outcome of this execution is our readysuperapp platform giving usan edgeoverourcompetitors in thissegment.

After starting a full-fledged operation in payments post approval fromNational Payment Corporation of India (NPCI) for our handle (gDtimecosmos sponsored byCosmos Bank we have built a complete Payment API platform which is now fully operationalfor Payment Aggregators and Gateways. We have several advantages being a fintech thatallows us agility as demanded by payment industry. Our approach towards solving merchantproblems innovation in execution high uptime and customer service has helped establishour presence in Industry in a very short time.

TimePay society has been one of our visionary products and it is now inversion upgrade. This will only leapfrog our consistent efforts towards higher acquisitionin hyper-local market. We have been ableto systematically establishourcollaborativeapproach in Industryforfastergrowth and results.

It is our pleasure and privilege to share with you highlights of theyear's performance and outlookforthe next year

1. Growth in Revenue of 26% as compared to last year with an increaseof 39% in Profit.

2. Registered 1600+ societies in Timepay Platform having an inventoryof around 2 lacs Flats

3. NPST's banking switch processed 750+ million transactions with avolume of Rsl000+ billion in a month

I must acknowledge the immense contribution of every team in NPST whopush their boundaries rise above challenge and deliver relentlessly in any situationshallmark of strong and growth hungry organization. All ourverticals are well positioned togrow exponentially due to our investment in delivery centers and product upgrades lastyear. Looking at the industry demand we only expect manifold growth in payment landscape.

1 am thankful
Deepak Chand Thakur
Chairman & Managing Director

.