At the outset I would like to thank the entire IT People team and our
esteemed clients and associates for the creative momentum, support,
enterprise and commitment during the year. IT People has successfully
executed various prestigious initiatives during the year, which would
not have been possible without the untiring efforts of each and every
member of team IT People.
With a clear focus on exchange business and technology, IT People has
efficiently harnessed its decades of exposure in the IT space, the
domain expertise developed and acquired by it through its various
approach plans for inorganic growth. The company has successfully
developed a state-of-the-art exchange solution suite addressing
commodity and capital markets in the country.
IT People continues to invest in the research and development of
cutting edge IT products for its various exchange initiatives. The
in-house technology bandwidth and the domain expertise are critical
success factors for the various exchange initiatives undertaken by the
IT People has successfully promoted Universal Commodity Exchange Ltd
(UCX) which would be a national level multi-commodity exchange covering
Agri, Bullion & Metals, Energy and others. Other shareholders in UCX
include IDBI Bank Limited and Indian Farmers Fertiliser Cooperative
(IFFCO), etc. Apart from UCX, the company has also extended its reach
to the spot markets through its spot exchange initiative: Indian
Bullion Spot Exchange (IBSX) would be the first of its kind initiative
addressing the bullion spot markets in the country. Apart from the
above, the company has also ventured into the infrastructure services
vertical which is expected to substantially benefit the company in its
various exchange and allied initiatives.
Thank you for reposing your faith in the Company. I once again thank
the very committed members of the IT People Team and the Company''s
business associates for their continued support. My team and I look
forward to the challenges of delivering sustainable and profitable
growth in the years ahead with confidence.
I look forward to your continued support.
With warm regards,