Dear Shareholders,
It is my distinct honor and privilege to all of you for this year's
Annual General Meeting of Silver Touch Technologies Limited. As the Chairman of our
esteemed Company, I am lled with pride as we gather here to reflect on our accomplishments
and discuss our future endeavours.
It gives me immense pleasure to inform you that there is significant
improvement in the financial performance of the company compared to last year. The total
turnover of the company in FY 2022-23 is increased by 19.50% from Rs. 12962.66 lacs of
previous year to Rs. 15484.61 lacs. The Net profit after Tax of the company is also
increased significantly by 45% from Rs. 623.09 lacs to Rs. 905.54 lacs. Whereas Pro t
before tax increased by almost 50% to Rs. 1273.09 lacs compared to previous year of Rs.
852.16 lacs.
With respect to important developments during the FY 2022-23, I would
like to inform you that we have successfully acquired the SAP business of Saberpoint LLC,
with all SAP customer base, on hand orders and all employees of a company based in New
York. This has resulted in major foray in the SAP ecosystem in North America region for
Silver Touch. Saberpoint LLC having an extensive client base in USA and established as an
leading SAP consulting partner for large and mid-sized enterprises. With this acquisition,
our company will leverage SAP practice and provide the customers with extensive digital
transformation using advanced automation solutions. Further, we have also started the
operations successfully at Canada through our 100% wholly owned subsidiary viz. Silver
Touch Technologies Canada Ltd.
Looking ahead, we are poised for even greater accomplishments. The
technology sector is advancing at an unprecedented pace, and we are fully equipped to lead
the way. Our investments in research and development have positioned us to capitalize on
emerging trends such as arti cial intelligence, SAP products, cybersecurity, and cloud.
However, it's important to remember that our success is not solely defined by financial
metrics. We remain committed to be responsible business practices with environmental
sustainability and contributing positively to the communities.
Further, none of our achievements would have been possible without the
dedication of our employees. They are the heart and soul of our organization, and I extend
my deepest gratitude to each and every one of them. Their passion, creativity, and
resilience drive our company's success, and I am con dent that together, we will continue
to achieve new heights.
In conclusion, I am excited about what the future holds for Silver
Touch Technologies Limited. Our journey is marked by our determination to evolve,
innovate, and leave an indelible mark on the IT industry.
On behalf of all the Board members I would like to thank everyone for
your continued trust, con dence, and support.
| Best Wishes, |
| Vipul Thakkar |
| Chairman & Managing Director |