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Sonata Software Ltd

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BSE Code : 532221 | NSE Symbol : SONATSOFTW | ISIN : INE269A01021 | Industry : IT - Software |


Chairman's Speech

Dear Shareholders,

Reflecting on the past fiscal year, I feel immense pride in being part of Sonata, which believes in delivering outstanding value to its clients, employees, communities, and shareholders.

The world faces uncertainties, navigates uncharted waters, and encounters obstacles that test our resilience. Our focus on innovation and emerging technologies has always been a driving force in our strategy.

Sonata delivered a strong performance during the year. We gained market share and strengthened our offerings, increased global expansion through new centers, and made investments in AI. In the last twelve months, while Generative AI took the world by storm, we geared ourselves to lead this change with Sonata Harmoni.AI. Our ‘Responsible-first' AI approach is gaining momentum, as the world braces for benefits and challenges from Generative AI. Our Responsible-first approach ensures uncompromising ethics, trust, privacy, security, and compliance.

At Sonata, our Sonatians are our greatest assets. Our recognition as the Most Preferred Workplace 2023-24 in the IT/ITeS segment is a testament to our people-focused and talent-conscious approach. We are committed to their growth and development, ensuring they remain relevant in the ever-evolving world of technology. Our initiatives, such as Sonata Spark and Tech-Fest, foster a culture of innovation and creativity, encouraging them to explore and share what they have learned.

Our commitment to the Environmental, Social, and Governance (ESG) charter remains unwavering. It is critical to our long-term success and building a sustainable future for our company and stakeholders. Our efforts in this area include reducing our carbon footprint, increasing diversity and inclusion, and improving our governance practices.

As the world becomes increasingly unpredictable, business leaders will look to technology to help them navigate the maze. With Modernization Engineering prowess, Sonata is well-positioned to enable desired business transformations for its clients and deliver value from technology-led innovations.

We remain optimistic about our growth and the future, and are conscious that we are responsible for making that future happen.

I take this opportunity to thank our stakeholders, clients, partners, and vendors for their continued belief in us. Your support has been instrumental in our success, and we remain committed to delivering outcomes that meet your changing needs in this ever-evolving world.

Pradip PShah

Chairman,

Sonata Software Limited