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Scandent Imaging

BSE: 516110|ISIN: INE146N01016|SECTOR: Hospitals & Medical Services
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Mar 14
Chairman's Speech (Scandent Imaging) Year : Mar '16

It gives me great pleasure to share with you an update on the overall performance of your Company. I warmly welcome you all to the 22nd Annual General Meeting of your company. The Company''s accounts for the year ended March 31, 2016, along with the Directors'' and Auditors'' report, a Letter to the Shareholders, and Management''s Discussions and Analysis, have already been circulated to you. With your permission, I would like to take them as read.

As you all are aware, your company has acquired the business, including Dental imaging equipments, infrastructure, executives from Doctors Dental Services Limited. Thus, your company has forayed into the niche Indian advanced digital dental imaging market. Your company is already amongst the largest service provider in this segment for western India.

This year demonstrated your Company taking an ambitious leap by introducing new business activities and services and plans to expand on this acquired businesses across the country.

Your company now operates a number of Dental Imaging centers across the City of Mumbai. Your Company visions to further expand and establish new Dental imaging centres in other major cities in India. Your Company is the largest Cone Beam CT service provider for Mumbai. We are also planning for expansion into other modalities of expertise in the field of Dental imaging.

In a Challenging external environment, Your company performed well and delivered another year of consistent, profitable and responsible growth. The year 2015-16 was a successful year for your company.

I am pleased to report that your company reported revenue growth of Rs.107.02 Lakhs as compared to previous year revenue growth of Rs. 6.81 Lakhs, reflecting the management''s commitment to expand business and grow revenues.

We look forward to an exciting year 2016-17 ahead, with new milestone and achievements to be explored and achieved. Your company is continuously evaluating opportunities for expanding and growing the business in a sustainable manner, including possible exploration into new profitable markets overseas.

As I conclude, I will like to thank all of our Dental Fraternity, Imaging equipments partner Carestream Dental, various professionals and associates from the Dental & Medical fraternity, Dental Associations, shareholders, Banks and other stakeholders for their continued faith and support to your Company.

Yours Sincerely,

Dr. Gautam Deshpande

Managing Director DIN: 00975368

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