With great pleasure, I welcome you to the 30thAnnual General Meeting of Your Company. This past year has been incredibly eventful for your Company.
First, we are pleased to state that, with your support and trust, your Company continues to reap the benefits of being an investor in Exela Technologies, Inc. (Exela), a global business process automation (BPA) leader combining industry-specific and industry-agnostic enterprise software and solutions with decades of experience. Exela''s BPA suite of solutions are deployed in banking, healthcare, insurance and other industries to support mission critical environments. Exela is a leader in work flow automation, attended and un-attended cognitive automation, digital mail rooms, print communications, and payment processing with deployments across the globe.
Second, we examined all aspects of our environment solutions business, and after considering various factors, in particular the substantial slowdown in the environment business due to budget constraints of various state government maritime boards, it was decided, in the best interest of our stakeholders to exit this business.
Third, we have inducted two new members, Mr. Rohit Jain and Mr. Harjit Singh Anand as independent directors to the Board of your Company. Both Mr. Jain and Mr. Anand bring years of invaluable experience to the Board.
Mr. Jain is the Managing Director and Head of India for Willis Towers Watson (WTW), a leading global advisory, broking and solutions company.
Mr. Anand recently served as Director of Delhi Metro Rail Corporation Ltd. (DMRC), one of the world''s largest Metro system.
Finally, I would like to thank all of our Shareholders'', Authorities and Regulators and every one of our HOVS family for their continuous dedication and support.
Together we can succeed!
Best regards and thank you all.
Chairman & Executive Director