I have always emphasized on Quality and that has been paramount for us at Datamatics.Our clients have consistently recognized us for not only maintaining the Quality ofdeliverables but also for surpassing their expectations.
It is always a pleasure and privilege to share with you the review of your Company'sperformance as well as an overview of its future direction & course.
Let me commence by heartily congratulating everyone for a successful year completed byyour Company with significant all around progress during the year 2014-15.
The Indian IT Industry comprising exports and the domestic market grew from $118billion to $130 billion i.e. a modest 10%. It had to face several challenges related tothe international environment. Despite this your Company has managed a commendable growthwhich I am sure you all would applaud. The revenues of Datamatics Global Services Ltd.(excluding CIGNEX Datamatics & Lumina Datamatics) grew by about 20% and consolidatedby about 13%.
The objective of most businesses worldwide is to respect their customers' sentimentsmake life simpler for them and provide them easy access to both products and services.Customers now expect response from businesses on a real time basis. Your Company isenabling this objective of its customers.
In our last Annual Report I had mentioned some emerging technologies viz. SocialMedia Mobility Analytics and Cloud. To this we can add Open Source the IOT & Appsin mobile phones. Your Company is well positioned to grasp these opportunities.
Another thrust area for your Company is Healthcare and Health Insurance. Worldwideinvestments and expenses on healthcare are growing. In the USA they already constituteabout 17% of the GDP.
At Datamatics we had anticipated these changes and I am happy to share with you allthat our companies are well positioned to address these business needs of our customers.As a result your Company has received several Business Excellence recognitions and awardsduring the year 2014-15 in both the domestic and international arenas. Most significantlyRahul Kanodia Vice Chairman and CEO of Datamatics Global Services Ltd. was presentedwith the 'CEO of the Year' award at the Asian Leadership Awards held in Dubai.
I have always emphasized on Quality and that has been paramount for us at Datamatics.Our clients have consistently recognized us not only for maintaining the Quality ofdeliverables but also for surpassing their expectations. CIGNEX Datamatics has beenawarded by the Indian Merchant Chambers for its very high standards of Quality processesacross projects and services.
We have been involved in developing IT products and solutions for last seven yearsbecause we strongly believe that going the product and solution route is a step in theright direction for the IT Industry. Our flagship products i-Q and i-Bridge (earlier knownas Robokey) have been under extensive deployment for our global clients and for in-houseBPO projects. i-Bridge won the 'Best Product' award from the Indian Merchants Chamber inJune 2015. As we continue to enrich these products we shall also remain focused on ourjourney for creating more products and solutions.
While we are consulting and helping the external world in their journey of digitaltransformation we are also ensuring that we make it equally interesting and convenientfor our shareholders. This year our annual report will be available in the pdf format andalso digital format which you will be able to read online in an interactive mode.
Our employees are the fulcrum of our success and to a great extent we are trying tobring about a digital transformation in their day to day transactions within theorganization.
This has helped us in bringing about the desired transparency across all our companiesand we have been recognized as the most 'Ethical Software Company' by World HRD Congressand the 'Employer Branding Award' has been bestowed on Datamatics.
It would not be out of place to mention that CRISIL (a subsidiary of S&P) hasreaffirmed A1 + Credit Rating for Datamatics Global Services Ltd. for 3rd consecutiveyear.
I would like to thank you for your sustained faith and confidence in your Company. Iwould like to assure you that we shall continue to strive and do our best to take thisCompany to the next level of growth.
Dr. Lalit S Kanodia
Ph.D. M.I.T (USA)