Expleo Solutions Ltd

With great pleasure, I present my reflections on our achievements, milestones, and future endeavours.

Chairman

I am thrilled to announce that we have achieved a remarkable milestone of €100 million in revenue this fiscal year. This achievement is a testament to our relentless pursuit of excellence and dedication to serving our clients. Our success is underscored by securing 23 new logos, with digital services contributing 45% to our revenue stream. We also saw that our other markets closer to home, particularly in the Middle East, and Southeast Asia, show greater interest and demand in Digital and automation-related services. A similar interest is seen in some of our European core markets across QA-QE and digital services. Ourstrategic efforts to diversify across sectors-including banking, financial services, insurance, enterprise, auto, aero, retail, education, energy & utility, and transport have borne fruit, paving the way for sustained growth and expansion.

As we move forward, it is essential to recognise the invaluable contributions of our retiring independent directors while warmly welcoming our new independent directors to our esteemed board. Their expertise and guidance will enrich our corporate governance and strategic decision-making processes.

Embracing sustainability and innovation, we have inaugurated a state-of-the-art office premise in Bangalore, equipped with over 400 seaters and a dedicated testing lab for our auto and aero business. This move underscores our commitment to fostering a conducive work environment while championing sustainability practices. There are more such expansion plans in the coming year as well.

Our strategic focus on data management has paved the way for a meaningful presence in the US market with more than a 10% contribution this fiscal year. This focus on Data Governance and AI is opening new avenues for expansion and market penetration. We remain steadfast in our commitment to delivering unparalleled value to our clients globally.

I am pleased to report a significant improvement in talent attraction and retention, with attrition rates falling below 16%. Our people are our greatest asset, and we remain dedicated to fostering a culture of growth, inclusivity, and professional development.

Innovation lies at the heart of everything we do, and our recent Innovation Jam, series nine (9), demonstrates our commitment to fostering a culture of innovation. The competition was fierce, with esteemed clients and senior executives grappling to select the most promising ideas from over 770 entries across AI, ML and LLM. We are excited about the possibilities that lie ahead as we continue to champion significant innovation across our organisation to deliver value and competitiveness for our clients.

We take immense pride in hosting the awards ceremony in India and Southeast Asia in strategic partnership with leaders and eminent jury members. The initiative recognises institutions that have delivered superior digital products and driven digital transformation to improve financial inclusion, operational efficiency, and, most importantly, value to clients and every stakeholder.

We continue to invest in enhancing our capabilities across key areas such as data governance, DevSecOps, and cybersecurity. I am delighted to announce that Expleo is now empanelled by CERT-In to provide information security auditing services, further fortifying our commitment to ensuring the highest level of cyber protection for our clients.

Our persistent focus on employee engagement has yielded remarkable results, as evidenced by our certification as a Great Place to Work yet again. Over the past four years, we've propelled from a 70-80% approval rating in three years. It is gratifying to see that an impressive 85% of our employees are proud to be a part of the Expleo family, with 77% believing in our commitment to act on the survey results. I sincerely thank our employees for their unwavering dedication and commitment. We have won the Progressive Place to Work recognition by the Economic Times Edge - a Times Group initiative.

Our commitment to corporate social responsibility remains unwavering. We have made significant contributions to supporting rural schools by providing digital classrooms and content. We believe in leveraging our resources for holistic inclusion, betterment of society and empowerment of future generations through education.

We remain steadfast in our commitment to fostering diversity, equity, and inclusion within our organisation, focusing on women-specific initiatives. We believe diversity fuels innovation and fosters a culture of creativity and collaboration.

As we look to the future, we focus on industry and market diversification, talent management, process efficiency, governance, and technology adoption. By embracing innovation and leveraging our collective strengths, we are poised to overcome challenges inflicted by macroeconomic uncertainty and emerge as industry leaders.

In conclusion, I sincerely thank our shareholders, clients, Expleons, and partners for their unwavering support and commitment. Together, we will continue to push boundaries, innovate, and create value for all stakeholders.