The year 2018-19 was a significant year for us. The transition of businesses fromAurionpro to Trejhara was completed with the conclusion of the demerger process during theyear. The key objective of the demerger was to unlock the true potential of our businessesand scale them up to reach new heights thereby enhancing value for all the stakeholders infuture. We all have embarked in pursuit of this mission with a renewed vigor and zeal.
After demerger we adopted a two-fold strategy viz: to consolidate and to grow. It wasnecessary to ensure smooth navigation during the transition phase and strengthen ourcapabilities before onset of our journey under the new flagship Trejhara. Therefore ourforemost priority after demerger was to streamline the operations in the new framework andconsolidate our resources to focus on the growth opportunities. The drop in theconsolidated revenue for the FY2018-19 can be attributed to the shift in focus during thetransition phase and also to other factors concerning business cycle. Further on thefinancial front Trejhara has a healthy balance sheet with lesser leverage. Thereforehaving consolidated the operations and finance we are focusing on growth strategies.
The technological landscape is changing rapidly and those who can adapt to the changingenvironment and reinvent their businesses can remain competitive. The businesses areswiftly moving towards cloud technologies and are earmarking large sums from their ITbudgets for availing cloud services thereby creating hyper growth opportunities for theSaaS and PaaS based offerings. Therefore the traditional IT companies which are able toquickly transition their offerings to cloud based services stands good chance of ridingthis growth wave. Foreseeing these developments over a period of time we have madesignificant investments in building cloud capabilities and platforms and with a well-established cloud product lines having access to many fortune 500 customers globallyTrejhara is best placed to ride the wave of cloud adoption across the world.
Trejhara has also built capabilities on human resource front. The employees are thecritical assets and are key to the success of our growth strategy. The business leadersalong with the concerned teams were all transferred to the Trejhara as per the demergerwhich has ensured seamless business transfer to Trejhara. We have built a strong team ofdomain experts and engineers over a period of time and have policies to retain and attractnew talent.
We are looking forward to tap new geographies and expand our clientele and havestrengthened our sales and marketing efforts towards that direction. We are also lookingto forge strategic partners to expand our presence.
In order to deliver the best possible value to our shareholders in the form of dividendpayments the Board of Directors have proposed a dividend of Rupee 0.50/- per share forthe year ended 31st March 2019. We are thankful to the shareholders for the continuedsupport and the trust they reposed in the management through this entire transition.Further I also wish to express gratitude towards all the other stakeholders including ouremployees vendors partners etc. without their support this journey wouldn't have beenseamless.