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Digispice Technologies Ltd.

BSE: 517214 | NSE: DIGISPICE |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE927C01020 | SECTOR: Telecommunications - Equipment

BSE Live

Sep 21, 16:00
47.85 0.50 (1.06%)
Volume
AVERAGE VOLUME
5-Day
45,465
10-Day
30,822
30-Day
25,386
29,206
  • Prev. Close

    47.35

  • Open Price

    47.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Sep 21, 15:57
47.95 0.55 (1.16%)
Volume
AVERAGE VOLUME
5-Day
158,699
10-Day
132,948
30-Day
119,107
55,628
  • Prev. Close

    47.40

  • Open Price

    45.90

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Chairman's Speech

Chairman''s Statement

Dear Shareholders,

It gives me immense pleasure to connect with you all again. The financial year 2017-18 was the year when we exclusively began our journey towards becoming a Digital Technologies and services company as we exited from our hardware retail business this year.

It was also during the year that we decided to move our Digital services business into the listed Company i.e. Spice Mobility Limited through a Scheme of Arrangement. Going forward, Spice Mobility will house the operating business of Digital solutions and services. We have also rebranded ourselves as DiGiSPICE defining ourselves more appropriately as a digital solutions company. Post the on going scheme, we will get ourselves reclassified as a Technology services company unlike earlier when we were classified as a Hardware company.

We also as a part of the scheme are setting up our Digital Financial services business, ''Spice Money'' as a subsidiary of Spice Mobility. We will, therefore, have 2 main operating businesses now at Spice Mobility: DiGiSPICE, a digital technology services play and Spice Money, a digital financial services play.

DiGiSPICE:

In our digital services business, we are mainly focussed on building digital solutions for 3 main customer verticals:1) Telecom, Media and Technology,

2) Banking, Financial services and Insurance and

3) Government. Our goal is to ensure that we help entities within each of these customer groups in their Digital Transformation journey. Our initial focus has been on markets within Asia and Africa mainly due to ourtelco legacy. This year we also opened up our office in Dubai to focus on the Middle East market which has charted out a very aggressive digital journey for themselves.

Driven by the accelerated growth in adoption of smartphones and mobile data globally and more so

in the emerging markets, the enterprises are waking up to the potential of re-defining engagement models with their customers and using data as a key enabler for their businesses. As per IDC, the global digital transformation spends are projected to be USD 1.3 Trillion in 2018, an increase of 16.8% over the previous year. Further, they have forecasted a CAGR of 17.9% in global digital transformation spends during 2017 to 2021.

In this financial year, we have built new digital solutions for our telco customers particularly in the area of mobile apps. We work closely with our customers on a managed services model helping them to grow revenues. The platforms that we have deployed at telcos across markets now serve over 311 mn customers on a monthly basis.

We have also focussed during the year on building new capabilities particularly in the Digital payments space. We are seeing a significant drive towards Digital money across markets and we are well placed to enable enterprises to build digital payment solutions for their customers. By the close of the financial year, we were able to deploy our ProDigi financial services platform for a leading fintech player in SE Asia based out of Indonesia. This is an anchor partnership that we have in the region that we expect to grow in this current financial year.

Governments across the region are looking to leverage digital technologies to serve their citizens better. We are proud to be partnering with a government in the region in building an ambitious G2C digital engagement platform at scale. We at Digispice are positioning ourselves to be a global key enabler in furthering governments'' agenda to engage with citizens digitally.

Our start-up culture brings to our customers a sand boxing approach with the right risk-value proposition that enables them to experiment, conduct quick POCs and arrive at the right solution. Given our DMA

of working on revenue sharing arrangements with our telecom customers - more as partners than vendors, we bring a differentiated proposition to the table, also enabling us to build deep domain expertise in the areas that we build solutions in.

Going forward, we are looking to invest in strengthening our capabilities in the areas of customer experience engineering, analytics and automation.

Spice Money:

At Spice Money, we are committed to our journey of financially empowering a billion users. Our focus is to leverage mobile tech to enable banking services at the doorstep of every citizen of our country.

We made significant progress at Spice Money in the financial year 2017-18. Our Gross Transaction Value (GTV) grew by 83% on the back of growth in our Customer Service Point (CSP) network which reached 70,000 by end of the year. During the year, 8.2 Mn customers availed Spice Money services growing 82% from 4.4 Mn last year.

We now have a Pan-India presence across most districts of India. We are building deep presence within the semi-urban and rural consumer markets. These are the markets where the last mile banking infrastructure is significantly missing and we at Spice Money are committed to bridging this gap using mobile tech.

Banking Infrastructure

Per Million Population

Metro and Urban India

Semi Urban and Rural India

India average

China

USA

Bank

139

49

77

163

348

Branches

ATMs

305

110

171

669

1344

Going forward, at Spice Money, we are looking to invest in technology, data science and product development to achieve our objectives of financial inclusion.

Moving ahead

We are very excited by the two spaces of Digital Technology services and Digital financial services and see significant headroom of growth in both these spaces across markets. Our strategic focus in these areas should start translating into building sustainable value for all stakeholders in the next few years.

Corporate Social Responsibility

I would like to update you on some of the key outcomes that we have been able to drive under our social entrepreneurship platform, Ek Soch which is operating in 6 key disctricts in Eastern UP. During the year, we engaged with 500 youth who worked on 1000 self led intiatives towards building solutions to community problems. We provided mentorship and basic training to 100 MSMEs in the region. We also worked with our partners to enable 300 farmers across 21 villages to drive better farm productivity. In additon, our partner programmes in the space of education have engaged with close to 2,00,000 students as well as trained about 3,000 teachers. Going forward our focus will continue to be to work on programs around youth engagement, micro enterprise productivity and growth, rural productivity and growth, women empowerment and livelihood and education.

I would like to thank the entire Spice employee family for their hard work and dedication over the last one year, all our partners for their strong commitment and support and most importantly to you, our shareholders, for your trust in all our endeavours. I thank you for your continued patronage and assure you of our commitment towards building long term value for all our stakeholders.

With Best Wishes,

Dilip Modi Executive Chairman