Dear MRSS Stakeholders
It is that time of the year when we take stock of the year that has passed by. In ourjourney 2018 was indeed a very interesting year. The Standalone financial highlights areas follows:
|Particulars ||Amount (Rs in Lakhs) |
|Revenue ||5636.64 |
|Expenses ||4169.91 |
|PBT ||1466.72 |
|PAT ||1039.84 |
This was a very challenging period for us considering that the entire businesseco-system in India was still grappling with functioning under the new GST regime. Therewas confusion amongst all the stakeholders and our systems also had to get alignedaccordingly.
The Banking/NBFC system had a difficult time as well therefore stressing furtherpressure on high growth SME's and we encountered this challenge as well.
Given that it was an election year a lot of the government projects also took muchlonger to materialize than normal. The previous years had seen rapid growth and so thisyear we had to further streamline the delivery structure.
This reorganization has been challenging for the stakeholders. As the anchorshareholders we have the important responsibility to construe and execute forward-lookingdecisions.
Clients as always have been the backbone of our business and we would like to dedicatethis year once again to them as being the strongest pillar of support. From industries asdiverse as Aviation to Agriculture MRSS is proving to be a strong Insights partner forall of them and it is because the opportunities that they are providing MRSS with.
In the past we have been criticized of being overly communicative and exposingourselves in the media and that as we all know can be a double edged sword. We have takenfirm steps in repositioning our stance on the same. Our e-newsletter which was very muchappreciated by one and all has been discontinued in order to ensure that all communicationis made through formal official channels only.
The market research industry globally saw further consolidation as couple of the biggerplayers merged.This benefits MRSS. Further as we all know Blockchain technology istouching all industries outside of crypto currency and promises to revolutionalise themarket research industry as well. The key driving factors being:-
Maximization of Data Authenticity
Ease of co-relating Data Sets
Smart Contracts enabling consumers to be rewarded for the data provided by them.
As the rupee is depreciating the global market research buyers are seeing offshoringopportunities of the research and insights divisions and are looking to work with our firmright from the inception stages giving us strategic in-roads into these accounts.
On the other hand the local market research spenders and keen evaluating globalexpansion into foreign markets given the slowdown in local consumption - again which putsus in a very beneficial situation to partner with them.
On the Inorganic growth front we continued to review opportunities but we are stillaway from actualizing any particular one. We are being judicious about it and ourshareholders also believe in the same.
We are excited about our future and will continue to work hard to deliver excellence inour work - from the research designs that we come up for our clients to the skilldevelopment we provide to our employees to the value we deliver to our stockholders.
We thank all of you for your support and patience!!!