DEAR STAKEHOLDERS,
My warm greetings to all of you.
The past couple of years have been one of the most challenging and uncertain times
experienced across the globe. As we continue to emerge out of this phase, I hope all of
you and your loved ones continue to be safe and well. The year ended 31st March, 2022 was
a year like no other. The fiscal year began with tremendous global uncertainty as the
COVID-19 pandemic continued to impact our lives and reshape how businesses operated. After
witnessing significant contraction related to COVID-19 pandemic in 2020, global economy
recovered in 2021. However, the momentum was slowed down in Q1 FY2021-22 by a deadlier
variant of the virus, the impact of which was fortunately short lived helped largely by
vaccination drives across the world.
The Government led by the Hon'ble Prime Minister Shri Narendra Modi ji, rose to the
occasion by successfully rolling out one of the biggest vaccination drives across the
globe and proactive economic policies which continue to steer the Indian economy towards a
strong recovery. A prolonged conflict between Russia and Ukraine has intensified
geopolitical tension and financial volatility toward the conclusion of Q4 FY2021-22. Oil
and other commodity prices have surged significantly, thereby worsening the already high
inflation dynamics of both advanced as well as emerging/developing economies.
Undoubtedly, we are all living in a period of tremendous change. Despite the difficulty
of overcoming these obstacles, the past year has been marked by great optimism and hope as
the recovery process has begun. Surely, the past year has demonstrated that a firm that is
purpose-driven, innovative, adaptable, and resilient can thrive in difficult
circumstances.
The unpredictability of the environment of fiscal 2021-22 did not extinguish our faith
in what the future holds. We continued to do everything in our power to ensure business
continuity, with no interruptions in delivery or service. We became more dedicated and
innovative. We maintained our focus on creating value for our customers and working with
our partners to foster shared success.
During this fiscal year 2021-22 Shradha Industries Limited achieved a turnover of Rs
9,40,03,942/- as compared to Previous year Rs 48,40,919/-. Earnings after tax stood at Rs
4,25,05,261/- in the F.Y. 2021-22 as compared to Previous year Rs 15,28,247/-. We keep
producing products with cutting-edge technology. Our customers are navigating change at an
unprecedented rate as they grow their businesses and make new connections. Our goal is to
assist them to modernize their IT infrastructure and empower their teams in order to build
their future. At the same time, we are diligently pushing the adoption of digital
transformation across all of our disciplines and improving the capacity of our partners to
use digital technology to offer cutting-edge marketing and first-rate customer care.
A great team is the backbone of a great experience. We are dedicated to enhancing the
performance of our exceptional team members and supporting their professional growth so
that they are well-equipped to deliver the most reliable client experience in the market.
In closure, I would like to thank the Board sincerely for their advice and assistance.
I also want to express my gratitude to all of our stakeholders, including our clients,
shareholders, partners, and Team Shradha, for their unwavering support. With Best Wishes,
| Sd/- |
| Shobha Raisoni |
| Chairperson and Managing Director |