We are extremely happy to share that our company has successfully started the phasedcommercial production factory in Bhiwandi Maharashtra. This facility will manufactureSmart Compute Devices AV & Displays Retail loT & Smart Water Solutions andcustom design devices. The manufacturing capacity is approximately five Lakh unitsannually. This new factory will also focus on improvising TQM (Total Quality Management)JIT (JustinTime) production and DFM (Design for Manufacturability). This willhelp us to fulfil the growing demand from our customers. We remain confident in ourcapabilities that will take us closer to achieving our vision and in creating long termvalue for our company.
This year has been a mixed year for our company as our company has gone through somestructural change the revenue growth was subdued due to delay in orders this year we areexpecting positive inflow of orders as we are working in several projects which willaccelerate our growth going forward.
We are extremely delighted to share that we have forayed into fast growing waterpurification segment with the launch of our product 'AquaTatva'. It is a step towards ourVision of "Making Human Life Easy." This product helps improving the quality ofdrinking water. The technology that is used in this product will bring in a significantchange to the current water potability in India. We are confident that consumers wouldappreciate this technologically superior offering by Panache. We are taking a step forwardto be a part of new generation of hydration and lifestyle.
Our Company has received CRN Excellence Award 2018 in the category of Big Data andAnalytics. It's a real honour to receive this type of recognition. Our efforts to providetop quality IT solutions have clearly paid off and this award is an indication that we areworking in the right direction.
Ours is a broad-based distribution model which comprises of multiple products andmultiple brand strategy. The focus is always to capture sizable market share in each ofthe product category. Our Company's activities are aligned with growing industry where thedemand for design and technology services continue to expand. This year the focus is onIoT based compute solutions and Smart Water solutions. We are also coming up with someinteresting offering models for our clients.
We are set to consolidate enhance and improve up on our strengths values customerorientation brand and commitment to learnings. We will aim for continuous improvementimproving of focus on partnering with stakeholders in a way which is unique to us. I wouldlike to thank entire team at 'Panache DigiLife' family for their efforts drive anddedication. I would also like to thank our shareholders and stakeholders for the trustthey have placed in us which further drives and encourages us to achieve our targets andwalk the extra mile.
Amit D Rambhia
Panache Digilife Limited