Namaskar ! !
Hope you are all doing well.
I am pleased to share with you the Annual Report for the financial year
ending March 31, 2024. Our revenue from Indian operations stands at Rs. 49.90 crores a
growth of approximately 45.7% from previous fiscal year. However, we experienced a loss of
Rs. 0.70 crore due to the voluntary liquidation of our wholly owned subsidiary, Uniinfo
Telecom Services (Thailand) Limited, which resulted in a one-time write-off of Rs. 1.63
crores related to investments, loans, and interest.
While we achieved higher business revenue and endeavoured our best on
cost optimization but profit margins were not as per expectation due to ever increasing
cost but no correspondent increase in prices from our clients. In a bid to expand our
bouquet of services and with expectation of better margins we have forayed into the
passive infrastructure segment of the telecom business. This year we also delivered few
specialized services related to Data Centre but we still are in preliminary stage of data
centre project deployment efforts.
We are now the leading organized player in EV charging station
infrastructure segment with Pan India project execution capabilities. We have successfully
installed numerous EV charging stations including big outdoor and indoor charging hubs. We
have forged partnerships with new customers in this segment and are now
collaborating with maximum OEMs (Original Equipment Manufacturers) and
EMSPs (E-Mobility Service Providers) in EV charging infrastructure. I am happy to inform
you that we have till now successfully executed charging infrastructure projects right
from E- Boats to E-Buses. Our services now cover site acquisition, planning, designing,
installing and commissioning of EV charging infrastructure.
Our ability to adopt and persevere has only made us stronger. Your
company's commitment to the highest standards of Quality, Safety, Data Security, and
Statutory compliance remains unwavering. It's a hat-trick for us as once again we
have received certificate of appreciation from the Central Board of Indirect Taxes and
Customs for our timely compliances.
I take this opportunity to express my heartfelt gratitude to our
shareholders, team members, clients, business associates and bankers for their continued
support and contributions to the Company. I would also like to thank my fellow directors
for their invaluable guidance and support.
| Warm Regards. |
| Kishore Kumar Bhuradia |
| Chairman and Managing Director |