Zensar Technologies
BSE: 504067 | NSE: ZENSARTECH | ISIN: INE520A01019 | Computers - Software
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Chairman's Speech | Year : Mar '09 |
Dear Shareholders,
Success and failure are an inseparable part of a business cycle - when
success comes to many, we call it a boom time, and when the reverse
becomes the rule - we face a meltdown, downturn and recession. The
Indian IT industry, like several other key sectors of the economy is
today confronting a similar situation. After years of unprecedented
success where revenues grew from under USD 5 billion to over USD 70
billion at the end of March 2009 with exports touching USD 50 billion,
there are signs of a perceptible slowdown with most companies
forecasting flat revenues and profits for the year in progress.
As we enter a new financial year, it is time for all of us to take
stock of what has been and approach the coming year with a new resolve
and determination. The second half of the past year has thrown up new
challenges and the coming year, by all accounts, is going to be
difficult. However, we see it as an opportunity to assess our strengths
and put in place a winning strategy despite the testing times.
The current economic scenario will require us to go back to the drawing
board and reinvent cost structures and improve efficiencies. Equally, I
am confident that Zensars robust practices and strong relationships
with existing customers, steady movement on the customer acquisition
front and a focus on internal capability building, coupled with a
resolve and commitment to face the challenging situation, will see the
Company make good progress.
I am confident we can do this because we have managed to stay the
course in difficult times earlier too and emerged stronger each time.
The team at Zensar has the requisite strengths - in terms of people,
resources and skills and a strong management team providing the
leadership.
We have surpassed an important milestone in our profits and we took
forward to the continuing growth and success of Zensar in the national
and global world of Information Technology and Business Process
Services.
Sincerely,
Harsh Goenka
Chairman |
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| Source : Religare Technova | |
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