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Tutis Technologies Ltd.

BSE: 532311 Sector: IT
NSE: N.A. ISIN Code: INE953A01012
BSE 00:00 | 23 Feb Tutis Technologies Ltd
NSE 05:30 | 01 Jan Tutis Technologies Ltd
OPEN 3.21
PREVIOUS CLOSE 3.21
VOLUME 4500
52-Week high 3.21
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 3.21
Sell Qty 1000.00
OPEN 3.21
CLOSE 3.21
VOLUME 4500
52-Week high 3.21
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 3.21
Sell Qty 1000.00

Tutis Technologies Ltd. (TUTISTECH) - Chairman Speech

Company chairman speech

ANNUAL REPORT 1999-2000 INFORMATION TECHNOLOGIES LIMITED CHAIRMAN'S SPEECH Dear Shareholder, I welcome you to the 9th Annual General Meeting of your Company. I have great pleasure in reporting that your company once again has had a successful year. It has achieved turnover of Rs. 1454 lacs; There has been an increase of 71.33 % in turnover, the profit after tax has increased from Rs.223.16 lacs to Rs.387.15 lacs, an increase of 73.42%. This has been possible on account of the dedicated and sincere efforts put by the managerial and technical staff. Participation by consensus is a key success factor. Management experts,Software architects, project executives, programmers and accountants form a team of skilled and experienced professional who are strongly motivated, innovative and enterprising. The Company has a very representative Board of Directors with members from various professions and technocrats. Mr. Aniket Jathar,Director-Technical, advises and guides the Company on new technologies. Mr Sharad Gupta, Marketing Director, under whose able leadership the Company has spread its geographical wings to new areas in UK and Germany. To further strengthen the management operations of the Company, efforts have been made to implement code of Corporate Governance. As a first step towards the same the Company inducted Dr.Uday Pai and Mrs. Amita Desai, both Professional, on its Board during the year. Dr. Uday Pai advises the Company on HR policy and Mrs. Amita Desai, Company Secretary, advises on Corporate governance, Company Law matter, and ESOP policies. The Company has restructured its organization chart with clear definitions of the duties and responsibilities amongst the Managing Director, and Directors and reporting structure. Board has formed a compensation committee to administer the ESOP plans as per the guidelines laid down by the SEBI. Composition of the committee has been elaborated elsewhere in this Annual Report. Your Company is one of the few Indian Software Companies, having constant exposure to the European market. Amex is also active in increasing its investment in UK and Germany. It would also like to embark upon a growth strategy through acquisition and tie-ups. Your Company is also sourcing expertise from Vishal Information Technologies Ltd, a company in which your company holds 39% stake,for IT enabled services. Amex's shareholders will gain from the value of an IT enabled Company whose promoters propose to transfer their shares to Amex at par and convert this group Company to an 80%,held subsidiary of Amex. To remain in business, organizations have to constantly think of newer ideas. One big are,is E-commerce. Amex has built skills and resources in the areas of E-commerce and Web enabling services which can offer competitive advantage to organization. Your Company is developing technologies in WAP, M-commerce, Telephony and universal messaging. WAP enables mobiles phones and other wireless devices to access the internet contents and carry out transaction. Your Company has the required exposure to telephony and wireless network such as SMS,CDMA etc. to produce desired results. On behalf of the Board of Directors of the Company, I would like to extend gratitude to all of you for having extended whole hearted support towards the growth and success of your Company. G. S. Chandrashekar Managing Directors