Mr. Parasmal Doshi (Chairman & Whole Time Director)
Dear Shareholders,
The past couple of years have been a period of intense action and
reflection. We have seen a global pandemic, geopolitical tensions, the rise of
cryptocurrency and many other public and private upheavals. As the dust settles, and a
clearer picture of the world ahead emerges, I believe we are standing at the threshold of
a period of great opportunity and growth. In the face of widespread change, your company
has shown remarkable flexibility and adaptability, coming out stronger than ever, after
destructive events like the global financial crisis or the pandemic.
The Financial Year 2021-22 results are detailed in this Annual report,
elucidating the growth made by your Company. The Company reported Net Profit of Rs.
1040.03 Lakhs in the financial year 2021-22 as compared to Net Profit of Rs. 1044.39Lakhs
in the Previous Year. Our Revenue from Operations for the financial year 2021-22 is Rs.
1985.16 Lakhs, showing a downturn of 9.28% as compared to previous year Revenue from
Operations of Rs. 2188.19 Lakhs. The networth of our Company has increased to Rs 6343.78
Lakhs in the financial year 2021-22 in comparison with Rs 5403.75Lakhs in the financial
year 2020-21.
During the year Company has started providing services to Domestic
Institutional Clients and have added seven Institutional Clients. In addition to that we
are expected to add some more clients in the future.
In addition to our business goals and commitment to drive shareholder
value, your Company is focused on playing its role as a responsible corporate citizen. We
continue to contribute towards initiatives that drive societal change in the communities
where we operate, while ensuring that our growth is sustainable. Our approach and
commitment towards Corporate Governance is essential to the delivery of strategic
priorities. We stand by the values which forms the foundation stone of our business and
Company.
With the view to contribute towards the growth of an economy the
company entered into a new line of business by incorporating a Subsidiary named FEMTO
Green Hydrogen Limited. The Company is in a process of Research and Development of devices
which can be used for elimination of pollution and for improving the fuel efficiency and
to increase the level of operational output of engines and automotive, non-automotive
applications and machine equipment and to reduce pollution.
We are privileged to share a strong relationship with investors based
on a deep understanding of their expectations and our commitment to creating value for
them. We maintain transparency in our disclosures and frequent communication with
investors through channels such as Annual General Meeting, and Website Disclosures and
Stock Excha^e Disclosure.
We believe our people and people processes give us the definitive edge
to manage scale and yet remain nimble to embrace change proactively. On the people front,
I am delighted to share that our robust people processes that have been the bedrock of our
success over the years continue to evolve and stay contemporary. Human Resource plays a
key role in developing, reinforcing and changing the culture of an organisation. Pay,
performance management, training and development, recruitment and on boarding and
reinforcing the values of the business are all essential elements of business culture
covered by human resource.
Your Board strongly advocates the fact that the growth of a company is
backed by its Shareholders and keeping the same in cognizance, your Board is jubilant to
recommend a final dividend @10%, being Re. 1/- per equity share of Rs. 10/- each, for the
financial year ended 31st March, 2022.
To conclude with, I would like to convey my heartfelt appreciation
towards all the shareholders, clients, directors, employees, bankers, auditors and all the
stakeholders for their continued belief, support and confidence in the Company. I thank
you for accompanying us on the elating journey ahead. We endeavor to build more
capabilities in order to ensure that we expand our relevance to our stakeholders. Our
focus in financial year 2021-22 will continue to be "Growth" through leveraging
our internal strengths and the huge external opportunities that the economy offers. This
is how Indo Thai is placed and we are confident of a better and sustainable future.
Sincerely,
Parasmal Doshi
(Chairman cum Whole Time Director)
Date: 12th August, 2022