It gives me immense pleasure to present the 26th Annual Report and the performance of the Company.
The year 2017-18 has presented both challenges and opportunities for our Company. During this year, your Company has delivered revenue of Rs.3194.40 Lakhs. Company''s net profit is increased to Rs.118.20 Lakhs from Rs.28.70 Lakhs in previous year.
Indian Geospatial Market is poised for growth! Governments at all levels in India - national, state and local, need data in order for governance. Geospatial data and aided applications are helping departments across various sectors in India with the same. Further, GIS use was not limited to the niche market of government that market has grown substantially, as large retailers and tech startups have seen the benefits of understanding data geospatially.
Your Company has continued with its research and development activities with regard to its softwares and developed enhanced versions of the softwares which can be more useful to its users. Your company has awarded many projects from various State Government authorities and many upcoming projects are in the process.
Finally, I would like to convey my deepest gratitude to all the Board Members, Employees, Customers, Business Associates, Bankers, Shareholders, and Government Authorities with whom we have forged strong relationships, for their continued support in our journey towards creating state-of-the-art value offerings in India.