Your Company has performed well in its strategic growth areas in FY 18-19, reporting 15% growth in total income and 19% growth in profit before tax as compared to FY17-18.
During the year under review, your Company continued its momentum of growth, despite geopolitical uncertainties and considerable headwinds in certain industries.
Globally, we are witnessing an exponential increase in the technological complexity required to develop and deliver new products and services. In addition, digital technologies like loT (Internet of Things), Artificial Intelligence, Virtual Reality and Cloud-based applications are being integrated into consumer contexts, services, and products.These are creating new opportunities to drive operational efficiency, reduce costs, deliver new services to consumers, and enable new streams of revenues for our customers.
Your Company brings unique capabilities of design and technology, that allow an organization to look at digital the right way- not just to infuse technology or obtain incremental operational efficiency gains, but rather a transformational opportunity to relook at the entire delivery of the service and experience - including customer experience, but also encompassing processes, operations, and the people responsible for delivering the experience.
Our integrated Design Digital technology teams help enterprises reimagine their products and services - from strategy, insights and service design, to technology implementation, integration, and interaction design.
The automotive industry is undergoing a transformation to next-generation mobility systems that are electrified, autonomous, shared, and connected. Your Company brings together its Design Digital capabilities to help OEMs and suppliers realize the future of autonomous, connected and electric vehicles.
With the increased penetration of high-speed internet, smart devices, and content, the borders between entertainment, media, and telecommunications have dissolved. New services such as smart, connected homes and OTT are creating new revenue opportunities for operators and broadcasters.
Your Company works with leading broadcasters and operators, and consumer electronics companies to create solutions for smarter living, engaged entertainment, and a digital future driven by loT, analytics, and artificial intelligence.
In the healthcare industry, your Company is enabling better healthcare through connected devices and digital technologies, enhancing patient care, thereby reducing costs for healthcare service providers as well as patients.
We will continue to invest in technology, people and processes, as we focus on building competencies in digital technologies and integrated design service capabilities, to help our customers deliver innovation and enhanced consumer experience.
Your Company continually endeavours to stay ahead of the technology curve by building capabilities and solutions to meet the current and future needs of our customers.
I am pleased to inform you that our Board of Directors has recommended a final dividend of Rs. 13.50 per share.
On behalf of the entire Board of Directors and the management team, I would like to thank you for your continued trust and support.