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HOV Services
BSE: 532761|NSE: HOVS|ISIN: INE596H01014|SECTOR: Computers - Software Medium/Small
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« Dec 12
Chairman's Speech (HOV Services) Year : Mar '14
Dear Member,
 
 I, welcome you to the 26th Annual General Meeting of Your Company.
 
 We have come a long way since the Sub-Prime crises in the US economy,
 which has been steadily growing. The recent Federal Reserve forecast
 for 2015 upgrading growth from 3.0% to 3.2% as compared to 2.30% for
 the year 2014 have been extremely favorable. The continued steady
 growth in US economy will pave way for more outsourcing opportunities
 to emerging markets like India & China; two of the world strongest
 emerging markets.
 
 HOVS will be moving ahead in emerging opportunities both in global and
 domestic markets alike and continue to deliver services by combining
 domain expertise and technology. We believe by leveraging our domain
 experience and significant presence in the rapidly growing health care
 services, banking and transaction processing services will provide good
 opportunity to enhance our business spread. The Company believes that
 such operational structure is fundamental to our value proposition for
 our future success.
 
 Further, we are very optimistic about our investment made during 2011
 via the merger of our indirect subsidiary HOV Services LLC with SOURCE
 CORP., whereby, HOVS owns 26.2 % of the combined entity called
 SourceHOV, a provider of end-to-end business process outsourcing
 solutions with highly customized services as well as specialized
 knowledge based processing and consulting solutions.
 
 HOV Environment Solutions Private Limited (HOVESPL) is another
 portfolio company of HOVS, aiming to design and develop advanced
 solutions for erosion control, environment conservation and
 infrastructure construction projects. Since 2011, HOVESPL has been
 executing its project of building artificial reef at Mirya beach,
 Ratnagiri and at Cochin. Further, HOVESPL has been exploring new
 projects including prevention of soil erosion on the sideways of the
 highways in Bangalore and Chandigarh.
 
 On behalf of Company''s Board of Directors, I would like to acknowledge
 and appreciate each and every one of our HOVS family member for their
 relentless efforts and support.
 
 We look forward the continued support of our shareholders'' in the
 Company. Together we can succeed!  
 
 Best Regards and thank you,
 
 Sunil Rajadhyaksha
 Chairman & Executive Director
Source : Dion Global Solutions Limited
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