The Members of
 
 Omnitech Info Solutions Limited
 
 The Directors have pleasure in presenting the 21st Annual Report
 together with the audited accounts of the company for the year ended
 31st March 2011.
 
 I.  FINANCIAL HIGHLIGHTS:
 
 The Performance of the Company for the financial year ended March 31,
 2011 is summarised below:
 
                                                       (R In Lacs)
 
 PARTICULARS                                  2010-11       2009-10
 
 Income from Operations                      31625.12      21649.66
 
 Profit before Interest, Depreciation and 
 Tax (PBIDT)                                 10472.71       7057.12
 
 Interest including Finance Expenses           590.54        462.45
 
 Depreciation                                 2449.48       1565.89
 
 Profit before Tax (PBT)                      7432.69       5028.80
 
 Provision for Taxation including FBT & 
 Deferred Tax                                 2285.17       1089.84
 
 Profit after Tax (PAT)                       5147.52       3938.96
 
 Balance brought forward from previous year  10645.47       7150.61
 
 Amount Available for Appropriation          15792.99      11089.57
 
 Appropriations:
 
 Proposed Dividend                             374.23        207.88
 
 Dividend Tax                                   62.16         35.33
 
 General Reserve                               527.62        200.89
 
 Balance Carried Forward to Balance Sheet    14828.98      10645.47
 
 II.  REVIEW OF PERFORMANCE
 
 a.  Operating Results:
 
 Your Company continued to achieve strong and desired growth in the
 financial year 2010-11 into international as well as domestic markets.
 In the current slowdown where companies were looking at reducing costs,
 your Company offered its customers a solution that can help them to
 reduce the costs substantially and this has helped your Company to post
 a healthy growth rate in spite of the current economic downturn. It has
 also helped your Company to renew most of the contracts with existing
 customers.
 
 During the Year, your Company achieved Income from Operations amounting
 to R31625.12 Lacs as compared to R21649.66 Lacs in the previous year
 thereby recording an increase of 46.08%. The Net Profit after tax (PAT)
 for the year was R5147.52 Lacs as compared to R3938.96 Lacs in the
 previous year, thereby an increase of 30.68%.
 
 b.  Financing Cost:
 
 The Finance Cost has increased by R128.10. Lacs as compared to the
 previous year, which is mainly due to raising of additional working
 capital facility for covering up the increase in Gross Sales.
 
 III.  DIVIDEND
 
 Your Board of Directors recommends Dividend @ 27%. i.e R2.7 per equity
 share for the year ended 31st March, 2011. Dividend as recommended if
 declared will absorb R374.23 lacs for the payment to the shareholders
 and R62.16 Lacs as Corporate Dividend Tax.
 
 IV.  FIXED DEPOSITS
 
 Your company has not accepted or invited any deposits from the public
 during the year.
 
 V.  SUBSIDIARY COMPANIES
 
 The Company has the following 4 subsidiaries as on 31st March, 2011.
 
 1.  Omnitech Technologies Inc. USA
 
 2.  Europe Omnitech Technology Services B.V., Netherlands
 
 3.  Omnitech Services Pte. Ltd., Singapore
 
 4.  Omnitech (Singapore) Holding Pte Ltd, Singapore
 
 As required under the provisions of Section 212 of the Companies Act,
 1956, a statement showing the holding Company''s interest in the
 subsidiary companies forms part of the Annual Report.
 
 During the Year ended 31st March, 2011, the Company''s Subsidiary Europe
 Omnitech Technology Services B.V. acquired 95% stake in Avensus
 Netherland B.V., a company based in Netherlands.
 
 During the Year ended 31st March, 2011, the Company''s Subsidiary
 Omnitech Services Pte. Ltd., Singapore has formed a wholly- owned
 subsidiary viz. Omnitech Services Limited, Hongkong.
 
 The operational performance of the Subsidiaries during the year has
 been as per the projections anticipated by your Company.
 
 VI.  CONSOLIDATED FINANCIAL STATEMENTS
 
 Your Directors have pleasure in presenting Consolidated Financial
 Statements which form part of the Annual Report. However, since there
 has not been any operations in Omnitech (Singapore) Holding Pte. Ltd
 during the Financial Year 2010-11, its accounts have not been
 considered for consolidation.
 
 VII.  QUALITY
 
 Your Company recognizes quality as an important differentiator in
 industry. Therefore, it has well defined stringent quality standards
 with customer focus and management commitment and involvement across
 hierarchies. During the Year, your Company has been certified for ISO
 9001:2008 ISO 20000:2005, ISO 27001:2005 and BS 25999:2007. These
 certifications reflect that your Company has well defined Quality
 processes and procedures in place, which lead to total customer
 satisfaction as regards Quality Management.
 
 Quality Policy: To achieve business leadership in IT solutions and
 services through customer loyalty, satisfaction & trust, integrating
 innovative technology, quality processes, secured information,
 resilient infrastructure & trained manpower supported by effective
 customer relationship & efficient services.
 
 VIII.  HUMAN RESOURCES
 
 Your company''s HR policies and processes are aligned to effectively
 drive its expanding business and emerging opportunities.  This has been
 achieved by continuously investing in learning and development
 programs, creating an employee-friendly work environment, empowering
 employees at all levels and maintaining well-structured reward and
 recognition mechanisms. Your company recognizes its employees as Key
 Assets and strives to retain and attract them.
 
 Your company employed a total of 1125 employees as on 31st March, 2011.
 During the year, your Company organized various Learning and
 Development programs for its employees such as Conflict Management,
 Inter-departmental communication skills, Entry Level Training Program
 (ELTP) etc. During the year, your company held open House forums to
 provide transparent platform for employees to share their views, ideas,
 suggestions, grievances directly with the management etc. During the
 year, the Company took various other employee friendly initiatives.
 
 During the year, your company organized Dusshera Puja, Holi and various
 sports events and small get together to combine fun with work.
 
 During the year, your Company granted 19714 further options to 5
 selected employees under Omnitech ESOS 2009. These options have been
 granted at a discounted price of Rs.140/- per option.
 
 Your company has approached various top notch B Schools and colleges
 across the country. Today the company is one of the preferred places to
 work for professionals across the country.
 
 IX AWARDS & RECOGNITIONS
 
 During the year, your Company was recognized and awarded with the
 following:
 
 1.  Channel World Premier 100, 2010 Award
 
 2.  Kaseya ''Managed Services Award'', 2010
 
 3.  Forbes Asia Best under Billion Company Award 2010
 
 4.  BCI Continuity & Resilience Awards, 2010
 
 5.  WebSphere Partner of the Year 2010'' award by IBM Software Universe
 
 6.  The Second Annual Inc. India 500 Awards (2010)
 
 7.  Deloitte Technology Fast 500 Asia Pacific 2010
 
 8.  Channel Excellence Awards 2011
 
 9.  Channel World Premier 100, 2011 Award
 
 10.  Cyberoam Award, 2011
 
 X.  CORPORATE GOVERNANCE
 
 A report on Corporate Governance along with Auditors'' certificate on
 compliance with the conditions of Corporate Governance as stipulated in
 clause 49 of the listing agreement, is provided elsewhere in the Annual
 report.
 
 XI.  CORPORATE SOCIAL RESPONSIBILITY
 
 Your Company believes that society is one of its important stakeholders
 and approaches its social responsibility as a corporate citizen.
 Reaffirming its role as a contributing member of the social and
 economic milieu it occupies, the Company aligns its
 
 business operations with social values. As a responsible corporate
 citizen, the Company is committed to extend its hand to the under
 privileged in areas of education, healthcare, etc. During the year,
 your Company participated in various forums for creating awareness for
 Disaster Management. As a part of Corporate Social Responsibility, your
 company organised Eye Testing Camp for employees and their families.
 
 XII.  DIRECTORS
 
 In terms of the Articles of Association of your Company, Mr. V.V.
 Kamath, Independent Director and Prof. V. H. Iyer, Independent Director
 retire at the forthcoming Annual General Meeting and being eligible,
 offer themselves for re-appointment. Brief Resume of the Directors
 proposed to be reappointed, nature of their expertise in specific
 functional areas, the names of the Companies in which they hold
 Directorships & memberships/chairmanships of Board Committees and their
 shareholdings in the Company, as stipulated under Clause 49 of the
 Listing Agreements with the Stock Exchanges in India, are provided in
 the Notice of Annual General Meeting.
 
 Further, the tenure of MD & Whole Time Directors has expired. Hence, a
 resolution is incorporated in the Notice of Annual General Meeting,
 proposing their re-appointment.
 
 XIII.  AUDITORS'' REPORT
 
 The observations made in the Auditors'' report are self explanatory and
 therefore do not call for any further comments under Section 217(3) of
 the Companies Act, 1956.
 
 Your Directors request you to appoint Auditors for the Financial Year
 2011-12. In this regard, attention of the Members is invited to Item
 No.5 of the accompanying Notice convening forthcoming Annual General
 Meeting.
 
 XIV.  STATUTORY INFORMATION
 
 The particulars relating to energy conservation, technology absorption,
 foreign exchange earnings and outgo, as required to be disclosed under
 section 217(1)(e) of the Companies Act, 1956 read with the Companies
 (Disclosure of continued Particulars in the Report of Board of
 Directors) Rules, 1988, are set out in the Annexure ''A'' included in
 this report.
 
 As required by the provisions of Section 217 (2A) of the Companies Act,
 1956 as amended, read with the Companies (Particulars of Employees)
 Rules, 1975, the names and other particulars of the employees are set
 out in the Annexure ''B'' to this Report
 
 As required by SEBI (ESOP & ESOS) Guidelines, 1999, the relevant
 disclosure is set out in the Annexure ''C to this report.
 
 XV.  DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Based on representations from the Management, the Directors state, in
 pursuance of Section 217 (2AA) of the Companies Act, 1956, that:
 
 i) the Company has, in the preparation of the annual accounts for the
 year ended 31st March 2011, followed the applicable accounting
 standards along with proper explanations relating to material
 departures, if any;
 
 ii) the Directors have selected such accounting policies and applied
 them consistently and made judgments and estimates that are reasonable
 and prudent so as to give a true and fair view of the state of affairs
 of the Company as at 31st March 2011 and of the profit of the Company
 for the financial year ended 31st March 2011;
 
 iii) the Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Act for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities; and
 
 iv) the Directors have prepared the annual accounts on a going concern
 basis.
 
 XVI.  ACKNOWLEDGEMENTS
 
 Your Directors take this opportunity to thank all the Shareholders,
 Customers, Vendors, Bankers, and Regulatory & Government Authorities
 for the strong support that they have continued to extend to your
 Company.
 
 The Board also takes this opportunity to place on record its
 appreciation of the outstanding performance and dedication of your
 Company''s employees at all levels, without whose commitment the
 achievement of results as indicated above could not have been possible.
 
                                   By Order of the Board of Directors 
 
                                       Omnitech InfoSolutions Limited
 
                                     Sd/-                        Sd/-
 
                            (Atul Hemani)            (Avinash Pitale)
 
                  Managing Director & CEO       Jt. Managing Director
 
 Place: Mumbai
 
 Date: 27th May, 2011