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Viaan Industries

BSE: 537524|ISIN: INE324N01027|SECTOR: Domestic Appliances
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Chairman's Speech (Viaan Industries) Year : Mar '18

Dear Fellow Shareholders,

As you all would be aware, we began transforming the business model of our company in the midst of financial year 2018. With the scale of opportunities offered by the Gaming and Licensing industry, your company has taken a lot of efforts, over the last 12 months, to build up the skill sets to capitalize on those. Our journey, in this direction, began with the launch of ChaseBid in September 2017, which is a unique reverse price bid auction platform, for web and handheld devices. This launch was very well received by our target audience and continues to do extremely well. We take pleasure in informing our shareholders that as per the latest Alexa ranking*, ChaseBid continues to rank much higher as compared to most of its peers in India, despite being the latest entrant in this space. Buoyed by this response, we took one step forward and extended the auction platform to national television audiences, by launching a live interactive show named Aunty Boli Lagao Boli during the year. Since then, your company has only accelerated its pace to gain its foothold in the fast-growing gaming and entertainment industry. The launch of Match International Poker League (Match IPL), Domestic Diva, Online Team Poker League (OTPL) etc., during the year, are some such initiatives that your company has taken to fast forward its growth and improve the quality of earnings of the company. Your company added another feather in its hat, during the year, by tying up with a leading national broadcaster for high end 3D animation content that your company would develop and control the IP. Adventures of AliBaba would go a long way in marking your company''s presence amongst leading quality animation content developers globally.

We are determined to grow in this direction and continue to invest into building capabilities. We are upbeat looking at the progress and inherent developments in your company. With utmost satisfaction, I present to you the highlights of your company''s performance for the financial year ended March 31, 2018.

Your company has a predominant presence in the following verticals:

1. Gaming & Animation - A range of games have been developed in-house and outsourced. Your company''s high-quality 3D animation content will soon be launched on a leading GEC (general entertainment channel)

2. Licensing & Technology - Through Viaan Mobiles, your company has managed to create a brand which has found appeal with international audiences in specific countries.

During the year, your company established its presence in the Gaming and Animation sector, with strong focus on real money-based skill games and social games.

Real Money based Skill games:

We launched our game Chase- Bid, is a reverse price bid auction app. Under this mechanism, bidders with unique and lowest bids (at the time of auction closure) wins the product at the price at which he/ she has bid for. We have 1mn strong user base since the launch in September ''17.

We concluded our first season of Aunty Boli Lagao Boli, which was an instant hit with the audience, we had some sort comings in our back end which we have rectified and are all set to launch season-2 with greater focus on audience entertainment.

We introduced MATCHIPL i.e Match Indian Poker league, the first skill based poker game of its kind, is a team sport incorporating regular texas Hold''em albeit typically with a pot- limit pre-flop and no-limit postflop Structure, in collaboration with International federation of Poker (IFP), Switzerland. The governing body for poker across the globe. Online Poker is fast gaining acceptance, as a game of skill, in the country. This unique format has been widely appreciated and getting tremendous response from Poker community. The league is getting larger every season not only with the addition of new franchise owners but also with the prize money

Social games:

We launched Shilpa Shetty- Domestic Diva, is an addictive fun cooking game with lots of Recipes and Stories inside a casual game, where anyone can cook all kinds of dishes. It tests your time & resource management skills. The game has received tremendous response worldwide with more than 8 lacs download with an overall rating of 4.5 reflecting the acceptance of quality gaming experience offered by the company.

Animation:

The series Adventures of Ali Baba, is a 3D high end animation series crafted for the worldwide market. The adventures of Ali Baba is a children''s TV series based on two orphaned boys, Ali and Baba, with special powers; born to protect the secrets of the dungeons under the care home.

The company has already sold India rights, for Hindi and English, to a leading broadcaster. We would be launching the series this financial year. The company retains the IP for the franchise and the right for other regional languages in India, rights for other countries and other delivery platforms like OTT etc.

BUSINESS PERFORMANCE:

The consolidated financial performance for the 12 months ended March 31, 2018, is as follows:

- Total revenue from operations at Rs. 26,855 Lakhs for the year ended March 31, 2018, as against Rs. 13,469 Lakhs for the corresponding previous period, supported by increase in volumes and revenues

- EBIDTA at Rs. 2,854 Lakhs for the year ended March 31, 2018, as against Rs. 1,111 Lakhs for the corresponding previous period

- PAT of Rs. 2,784 Lakhs for the year ended March 31, 2018, as against Rs. 1,070 Lakhs for the corresponding previous period

EPS for the year ended March 31, 2018 was Re. 2.6 for a face value of Rs. 1 per share

FUTURE PLANS:

Our passion for creating and developing incredible gaming, animation content & entertainment would take your company to greater heights going forward. Heading into 2019, we are only gaining momentum. All our efforts in gaming and animation segments have already passed the proof of concept stage and are in the take-off mode.

India is steadily moving towards value driven consumption, with increased focus on local development. The key driver of market volume was proliferation of low cost smartphones amongst urban and rural population. Online gaming industry as per reports, is poised to be more than 1bn USD industry by 2021. The online gaming consumers market, characterized by large volumes, is rising fast in terms usage and monetization.

Our focus remains on innovation and introducing more games that enable us to stay connected to customer and remain ahead of time. Our recent decision to introduce games like Game of Dot (G.O.D) and VOW, both of which received overwhelming response, are few such examples of the efforts taken by your company to reach the intended destination. We intend to capitalize on the growth opportunity offered in the gaming segment and we are working towards introducing 5-6 new games during the current financial year.

We are quite kicked with the scale of opportunity available across various segment of our operations. All our efforts are intended to deliver value to our clients; to add value to our franchisees and business partners; give career & growth opportunities to our employees and grow profitability across businesses ultimately leading to maximization of shareholder value & return.

I am grateful to the entire team of your company for working relentlessly in achieving the company''s goal. I also thank our customers, our shareholders and partners for supporting us and joining us on this, even more exciting, journey going forward.

Ripu Sudan Kundra (Alias Raj Kundra)

Chairman and Managing Director

Source : Dion Global Solutions Limited
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