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
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,
Chairman & Executive Director