Your Company has performed well in its chosen business areas in FY
11-12, reporting a 30% growth in total income and 73% growth in PBT as
compared to FY 10-11.
This was supported by the performance of all units across geographies
and business segments, in an uncertain business environment that was
affected by the unfortunate natural disasters in Japan and Thailand and
economic uncertainties in Europe.
The Embedded Product Design Division delivered a complete Smart-phone
design and prototype based on the latest Android platform for a leading
OEM. This project encompassed the integrated design capabilities of
Tata Elxsi, covering hardware, system software and innovative
applications based on advanced sensors. The Industrial Design division
worked jointly to support industrial design of the phone.
Among other projects, the Industrial Design Division also supported the
design of a low-cost diagnostic device for affordable healthcare in
emerging countries, and packaging design for the Danone range of dairy
products in India.
While Visual Computing Labs (VCL) delivered major projects for
animation and visual effects for Hollywood and Bollywood feature films
this year, it made exciting forays into high-end photorealistic content
development and visualization of campuses for corporate and virtual
cars for advertising. It also worked with some leading international
game developers for game art development.
The Systems Integration Division successfully completed a landmark
project for Mazagon Dock Limited, with the turnkey implementation of a
state-of-the-art virtual reality facility for ship design.
The Professional Services group inked a strategic deal with Lenovo as
their Authorised Service Partner for India for their entire range of
The external environment continues to be volatile even as we move into
FY 12-13. However, your company looks forward to continuing on its
path of growth, building on the experience of dealing with difficult
market conditions from the last year and earlier.
As a technology-led design company, we continue to leverage our mature
design processes, technology, creative skills, and the talent base
developed over the years to deliver value to our customers.
We will also continue to invest in skill development and take
appropriate measures in retaining, developing, and attracting the best
talent required to deliver higher value to our customers. We also
believe that our ongoing investments in R&D and technology development,
as well as exploration of new and adjacent markets will help de-risk
any downturns in specific industries and markets, and lay the
foundation for future business.
Your Company''s Board of Directors has recommended a final dividend of
Rs. 7 per share, maintaining consistent dividends and returns to our