With great pleasure, I welcome you to the 28th Annual General Meeting of Your
We have come along one more year of moving ahead in emerging opportunities in global and domestic
markets. India continues to consolidate its position as the global hub for IT -BPM services enabling digital
transforming for clients and domestic markets getting boost with different initiatives on “Digital
India and “Make in India. We believe by leveraging our domain experience in technology and
significant presence in the rapidly growing health care services, banking and transaction processing services
will provide good opportunity to enhance our business spread.
We are very optimistic about our strategic investment made in Source HOV Holdings Inc., a company in
which our wholly owned subsidiary in the United States, HOVS LLC holds investment. The combined company is
one of the global leaders in financial transaction solutions and services, healthcare services and
administration of claims. Source HOV with direct sales and operations in 14 countries, provides solutions and
services to over 3,000 customers in 55 countries. The company with over 15,000 dedicated employees is
strategically positioned to leverage its global presence, multi industry solutions and services to grow in
Americas, Europe, Asia, Pacific and Middle East and North Africa.
The Company through its subsidiary HOV Environment Solutions Private Limited entered into environment
protection management solutions. It constructed Asia''s largest Geotextile Project at, Cochin and undertaken
India''s first government funded offshore geotextile multipurpose reef structure for coastal erosion
protection at Miry a Bay, Ratnagiri, Maharashtra. Such projects have long gestation period to achieve
breakeven. We have successfully completed two projects; and working on to explore new assignments.
On behalf of Company''s Board of directors I would like to acknowledge and thank each and every one
of our HOVS family member for their dedication to work for your Company.
I am thankful to each and every Shareholder for showing trust; confidence; and support to the
management of the Company.
Together we can succeed!
Best regards and thank you all,
Chairman and Executive Director