It is the testing time for the company that the company has been
undergoing lots of turmoil during the past few years. It has lost
several employees, businesses and reputation amongst the lenders,
vendors and clients. Though the company was in the terrible vortex of
cyclone, the company could manage to survive because of its inherent
strength it has. No need to mention that this strength is reinforced
with the confidence you have in the company and the employees who have
been with us even the difficult times. Hard times will always reveal
true friends and I am happy to have such a wider network of good people
which gives immense strength for me to tide over this aberration.
We decided to have 2015, a year of resolution. Accordingly we are in
path of resolving the issues and we have sizeably resolved many issues.
We hope even the remaining issues will also be resolved in ensuing
year. We have re-engineered our business and retained the clients where
the Profits are move and scope to increase the business with them.
This has certainly improved our cash Profit during the year with which
we could clear some of the statutory dues.
After stabilizing and streamlining the present business activities, the
company will eye on increasing the volume of business with the existing
clients. These clients knew our capabilities in the good times, they are
confident that we would come back again and extend their support. The
present Software/ITES market is very conducive particularly in India
the opportunities are ample due change in the climate in India. We
would like to utilize this opportunity to come back but at the same
time we would like to do this in stages stabilizing at each level.
I would like to place on record my heartiest gratitude to our
customers, stakeholders, Financial Institutions and more importantly to
our employees who have been the backbone of our growth and I hope that
the support and confidence will continue as we grow.
Ravi Kumar D
Chairman and Managing Director