On behalf of the Board ofDirectors I am pleased to present to you Route Mobile's 18thannual report for the financial year ended March 31 2022. I am pleased to report thatfiscal 2022 was another year of consistent top and bottom line performance for RouteMobile. Solid revenue growth was combined with good profitability. This despite achallenging year for the global economy with subdued growth impacted by the second waveof COVID-19 impacts that is hard to comprehend as it devastated lives and livelihoodsduring the first of the fiscal 2021. Your company initiated vaccination drive for allemployees and their immediate family members during the last year as part of our key focuson health first. We are also witnessing the ongoing conflict between Russia and Ukrainethat started in February 2022 and other geo-political tensions in some geographiescontinues to impact economies across the globe. The challenges emanating from the globalmacro scenario has its reflections on the domestic economy as well. Consequently thegrowth momentum of Indian economy slowed down. In this backdrop I am delighted to notethat your Company recorded a remarkable performance in fiscal 2022 as it delivered totalrevenues from operations of Rs.2002.03 crores as compared to Rs.1406.18 crores in 2021(c). During the year under review your Company achieved pre-exceptional earnings beforeinterest depreciation and amortisation (EBITDA) of Rs.257.63 crores as compared toRs.175.66 crores during fiscal 2021
(c). The Board therefore recommended a final dividend of Rs.2 on each ordinary share ofRs.10 each for your consideration.
For years we have focused on building the technology stack need of the 21=' century.Our investments have reshaped Route Mobile to lead in the emerging high- value segmentsof the CRaaS market including analytics artificial intelligence cloud securityblockchain and distributed ledger technology (DLT). Our strategic and continued investmentin innovative technology drove our improved competitive position and profit dynamics andcontinuing that philosophy last year we inter alia steered our focus on buildingcapabilities around DLT and partnered with Teledgers Technology Rrivate Limited("Teledgers"). Teledgers' blockchain based DLT platform enables telecomoperators globally to address guidelines issued by respective telecom regulatory bodies(for instance the Telecom Regulatory Authority of India ("TRAI") in India) inorder to ensure spam-free commercial and transactional communication (A2P SMS / voicecalls originated by enterprises) with mobile subscribers.
Last year we concluded three key acquisitions viz. Masivian S.A.S. (Colombia)Interteleco International for Modern Communication Services (Kuwait) and M.R MessagingFZC (UAE Malta and South Africa). The consolidated full impact of these acquisitionswould be reflected over the next 15-24 months as we rebuild our Europe and LATAM marketstrategy. During the last year we beefed up our product stack with the e-mail platformacquisition from Sarv Webs. Sarv provides an AI enabled cloud-based email platform whichenables enterprises to transmit transactional and promotional emails to their clients. Iam confident that all these combined place Route Mobile in a sweet spot to accelerate its2.0 journey for the new decade.
From a resource augmentation perspective last year was again a remarkable year and Iam immensely grateful to the shareholders (existing & new) for re-posing their faithin us and making our maiden QIP a standout success. We raised about Rs.867 crore with theparticipation from marque investors which has put us in an impeccable space to pursue ourinvestments in new technology new businesses and new acquisitions as I describedearlier.
I am happy to share with you all that this year we are publishing our secondSustainability Report which becomes our first report in accordance with the GRI-CoreOption. This reflects our commitment to internationally benchmarked standard of reportingand transparency of our operations & disclosure practise. We also identified anddisclosed some of the United Nations Sustainability Development Goals (SDGs) thatcomplement our business and some goals that we pursue as part of our CSR programs andCorporate Governance practise.
I also welcome Mr. Bhaskar Pramanik as the new Independent Director on the Board. Mr.Pramanik is an accomplished management leader and professional from the TechnologyIndustry. He recently retired from the Board of SBI India's largest Bank and prior tothat retired from his active professional career as Chairman of Microsoft India inSeptember 2017 after a successful 45 years career in the technology industry. I amconfident that Mr. Pramanik's experience of over many decades as a reputed andinternationally experienced leader from the IT industry his track record of implementinglarge business transformations coupled with his strong and proven leadership roles atlarge multinational companies would immensely benefit Route Mobile.
I am grateful for the continued faith & trust of our various business partners andshareholders thereby invigorating our long-standing relationships and allowing us tocontinuously foster our common vision to further make Route Mobile a truly global company.We believe in our ability to remain resilient relevant and resolute through everybusiness cycle and will continue to work to the best of our abilities to ensure growthgoodness and goodwill.
I would like to thank the Govt. of Maharashtra Govt. of India TRAI and variousRegulatory Authorities of the markets in which we operate for keeping us safe enabling abusiness friendly environment even in these troubled times and look forward to receivetheir cooperation in coming times as well. I conclude by thanking my colleagues on theBoard and employees of Route Mobile for their continued hard work to make fiscal 2022 asuccess story for us.
With these thoughts I wish you well and thank you for reposing your confidence inRoute Mobile.
Mumbai May 18 2022