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BSE: N.A. Sector: N.A.
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan
NSE 05:30 | 01 Jan

. () - Chairman Speech

Company chairman speech

Dear Shareholders

Let me begin by saying that our vision determines our mission, and our solutions arederived from our mission. We started small to eventually make a big impression. How elsewill you explain the fact that Nexxoft Infotel Ltd, which began as a small ERP solutions& service provider to the manufacturing and industrial sector, has today evolved intoa provider of a host of solutions, including 3D Immersive solutions, Advanced securitysolutions, Remote infrastructure Management solutions, Manufacturing and supply chainsolutions, Immersive training solutions to sectors like banking, insurance, medicalhospitality; Interactive human interface systems using technologies like multi-touchdisplays, face recognition, speech recognition, virtual 3D Environment, to target segmentslike retail stores and outlets, restaurants, hotels, malls, film theaters and commercialcomplexes, among others. And the best part being, we are today providing the completerange of ERP solutions and have made it our goal to provide end-to-end business solutions,so the customer doesn't have to go anywhere else.

Technology and Operations front:

Nexxoft armed with a unique blend of technology products, proprietary and third partysolutions, has earned patronage from prestigious clients such as BEL and General Motors toname a few, within a short span of time.

The company has grown at a CAGR of 75-80% from Financial Year 2007, highlightingunblemished and dedicated efforts from all teams. And this is a reflection of ourmanagement skill sets, HR talents, superior technology and the uniqueness of our productsand solutions. The company posted a turnover of Rs 13.21 Cr, with PAT of just Rs 25.61lakhs for the FY 2007, while for the year 2010-11, the turnover and PAT were respectivelyat Rs 88.51 Cr and Rs -(2.37) Cr, thereby registering stupendous manifold growth.

MaCro-Operational front:

The company's thrust and focus has been on innovation, technology piercing, R&D andthe development of unique products and solutions. An offshoot of the above is its productsand solutions such as 3D XFORCE Engine & Gaming, RFID solutions and RemoteInfrastructure Management, among others. By far, our growth on all fronts is commendableresulting in a pleasing financial position, sizable market capitalization and stakeholdersinvestment growth, among others. We believe in values that really drives us ahead with ourvision and vitality. To realize our dream vision of becoming a Global Player providingend-to-end solutions with the unique blend of technology products and service offerings,we seek to:

• Increase from existing & new clients

• Expand geographically

• Continue to invest in R&D, Infrastructure and employees

• Continue to enhance our engagement models and offerings

• Enhance our brand visibility

• Pursue for strategic alliances and strategic acquisitions

We have, at the moment, a strong business model consisting of the following threesegments contributing to our growth so

• Proprietary products & solutions

• Third party products

• Training and software services, including management services andservice-oriented architecture, among others, believe in thriving for newer opportunities,newsegments and deepening of our base to reach our goals

Helping us in our mission to become a Global Player is the global environment we arepresently operating under. The economy is recovering; there are sustainable growthprojections of the Indian economy and there is stability in the global markets. Inaddition, we have our own set of internal factors and skill sets that are going to befacilitators in our path of accelerating growth to become a Global Player.

The year under review witnessed yet another feather inour cap with our products -theXFORCE Engine & gaming. We believe that this 3D immersive solution would enable us todeliver a wide range of solutions to our existing customers as well as help us unearthnewer opportunities with fresh clients. These products are expected to provide greatleverage in scaling upof our operations and thereby result in more growth in the nearfuture.

I would like to thank all the stakeholders for believing in us without whose support,this would not have happened.

With warm regards,

G Dhananjaya Reddy