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Intrasoft Technologies Ltd.

BSE: 533181 Sector: IT
NSE: ISFT ISIN Code: INE566K01011
BSE 15:41 | 27 Mar 2018 Intrasoft Technologies Ltd
NSE 05:30 | 01 Jan 1970 Intrasoft Technologies Ltd
OPEN 686.00
PREVIOUS CLOSE 681.60
VOLUME 47585
52-Week high 855.00
52-Week low 306.00
P/E 1179.66
Mkt Cap.(Rs cr) 1,025
Buy Price 698.60
Buy Qty 39.00
Sell Price 0.00
Sell Qty 0.00
OPEN 686.00
CLOSE 681.60
VOLUME 47585
52-Week high 855.00
52-Week low 306.00
P/E 1179.66
Mkt Cap.(Rs cr) 1,025
Buy Price 698.60
Buy Qty 39.00
Sell Price 0.00
Sell Qty 0.00

Intrasoft Technologies Ltd. (ISFT) - Chairman Speech

Company chairman speech

Dear shareholders

The big message that I wish to communicate is that we leveraged our unique businessmodel and turned net-profit positive in only six years of our existence one of theshortest tenures for an e-commerce company.

At 123Stores we are focused on selling

We are a multi-channel retailer marketing products across market places and throughour proprietary website 123stores.com. We are focused on expanding sales volumes throughall our channels in an unbiased manner

At 123Stores we Rs ave successfully managed complexities.

We are present in eight of the largest marketplaces with more than 200000 products onoffer.

We manage the corresponding business complexity through technology. We manage listingsacross multiple e-marketplaces customising software to our needs and integrating acquiredsoftware into our mainstream for seamless results

At 123Stores we Rs ave extended beyond a Rs andful product categories.

We are not focused on any specific category. We are a technology-driven company; ourobjective is to ensure satisfactory fulfillment to the end users. The result is that wecontinue to add products and categories as long they represent a profitable proposition.

At 123Stores we are not an inventory-led company.

Our suppliers are manufacturers and marketer of branded products.

We do not purchase products for stocking and onward marketing; we market products firstthat are then shipped by them eliminating storage and inventory costs for most of ourbusiness.

At 123Stores we Rs ave a scalable business.

Our proprietary technology platform makes it possible for us to scale volumes without aproportionate increase in people costs. As we leveraged our technology and supply chainwe were able to offer our customers a superior shopping experience and better price point.This is reflected in our 2014-15 performance: we were able to ship 3x the number of ordersthat we shipped in 2013-14.

At 123Stores we wish to be recognised as one of the best fulfillment brands.

Our expertise lies in mapping business logic with IT-based solutions. We automatedevery process in our supply chain to accelerate product delivery. Even as our normalday-to-day average Rs overs between 2500-3000 packages we touched almost 11000packages a day during the week leading to Christmas 2014 validating our systemicrobustness.

At 123Stores we are focused on growing our business to the next level.

Leveraging our proprietary software and business processes developed through years ofexperience we will continue to procure products add marketplaces to sell in and refineour delivery infrastructure to provide customers with a superior shopping experience whereproducts of their choice are delivered at competitive prices in the quickest time.