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R Systems International Ltd.

BSE: 532735 Sector: IT
NSE: RSYSTEMS ISIN Code: INE411H01032
BSE 00:00 | 24 Apr 2020 R Systems International Ltd
NSE 05:30 | 01 Jan 1970 R Systems International Ltd

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OPEN 86.00
PREVIOUS CLOSE 86.00
VOLUME 844
52-Week high 101.00
52-Week low 34.00
P/E 20.18
Mkt Cap.(Rs cr) 1,039
Buy Price 72.05
Buy Qty 300.00
Sell Price 87.90
Sell Qty 100.00
OPEN 86.00
CLOSE 86.00
VOLUME 844
52-Week high 101.00
52-Week low 34.00
P/E 20.18
Mkt Cap.(Rs cr) 1,039
Buy Price 72.05
Buy Qty 300.00
Sell Price 87.90
Sell Qty 100.00

R Systems International Ltd. (RSYSTEMS) - Chairman Speech


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Company chairman speech

Dear Fellow Shareholders

It gives me immense pleasure to present the 2018 Annual Report of your company. In theyear 2018 we witnessed R Systems' revenues grow by over 18.10% to Rs. 6999 million (US$102 million) against Rs. 5926 million (US $91 million) in 2017. Your company has onceagain crossed the USD 100 million revenue landmark during the year 2018 after a successfultransformation into a digital enterprise from a product engineering company. We reportedimproved margin as EBITDA grew by 71% to 8.25% of revenue from 5.68% of revenue in theyear 2017. The shareholder's funds and cash balance has also grown to Rs 3229 million andRs 1998 million respectively. We have a strong balance sheet to continue our digitalinvestment for future growth.

Over the last two years we have witnessed an interesting era whereby technology hastouched every corner of our daily life. We utilize technology to learn to communicate toconduct business and to make life easier. This has mandated businesses to build strategiesfor their digital transformation to be relevant and meaningful. R Systems has alsotransformed itself from a product engineering company to a niche player in the digitalarena; navigating customers in their digital transformation journey. During 2018 RSystems generated approx. 39% of its revenue from digital offerings.

We have been committed to our digital transformation endeavours by creating anecosystem to support our customers in realizing the full bene_ts of digitaltransformation. This includes realigning various internal functions such as salesmarketing people practice IT infrastructure and delivery by adapting breakthroughdigital technologies like Cloud RPA ML AI Analytics etc. We have furtherstrengthened and specialized our digital offering in key industry verticals i.e. TelecomTechnology Healthcare & Life Science Finance & Insurance Retail &e-commerce.

At R Systems our most precious assets are our employees who have gone through aphenomenal transformation over the last few years by not only adapting digitaltechnologies but have also created unmatched digital success stories. These successstories now represent our capability of satisfying our customer needs by deliveringfuturistic digital solutions and are a great collateral to nurture digital growth. Kudosto our great team for their willingness and commitment to spearhead digitaltransformation our customers hold us to a high bar and we strive to raise that bar everyday.

In 2018 we added 18 plus key customers out of which 4 have the potential to be USD $million plus accounts. We served 21 USD million plus accounts during 2018. We added 400plus associates globally during 2018. We have also started a new USA facility in MilpitasCA. And a new entity in Switzerland to be closer to our customers in order to understandtheir fast changing business needs.

We have started the year 2019 on a further positive note by expanding our SEZ facilityby adding 28000 square feet to cater to a strong sales pipe line. We have also concludedan acquisition of Chicago-based Innovizant LLC which strengthens our digitalcompetencies in data analytics and enhanced our marque client base in the _nancialservices sector. We continue to be guided by our mission to "Become an end-to-enddigital transformation partner for our clients". I am con_dent that our provendigital competencies driven by new technologies and AI/Analytics will fuel our growth inthe coming years.

As an organization we continue to take responsibility for social wellness through ourfocused CSR efforts. We have continued to work closely in promoting education welfare andsports especially for girls to spread happiness in the society. Our CSR philosophyremains that happy people are successful people they become better citizens toproductively serve their community.

As I conclude this message once again I thank you - Our Shareholders Our Customersand Our Associates at R Systems across the globe for your continuing support affectionand for inspiring us to do our best. Let us all continue to keep up the good work to makeR Systems a truly remarkable organization.

With Warm Regards

Satinder Singh Rekhi


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