bharti teletech ltd Management discussions

BHARTI TELETECH LIMITED ANNUAL REPORT 2008-2009 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW: During 2008-09, the Company has achieved gross revenue of Rs. 10,658,440 Thousands (Previous year Rs. 15,561,960 Thousands). During the year the Motorola mobile phone distribution business became unviable, therefore your Companys management decided to terminate this distribution agreement with Motorola India Private Limited. However we are happy to inform that the Company has made many promising alliances, such as with Transcend, Apple, Logitech, Samsung, Aastra, Huawei etc. Also, Blackberry product portfolio has been extended to Bharat Sanchar Nigam Limited (BSNL). The Company will be leveraging its brand and distribution strengths in the coming years to effectively exploit the growth opportunities in the market place. The Company has also received the Top Fixed Phone Vendor Award at Voice and Data Awards 2008. FUTURE PLANS: Our vision statement Enabling Technology Reach Masses signifies our goal to create and leverage the distribution strength and scale across India so as to enable the principal partners who are manufactures of technology, communications, IT and entertainment products to reach the large mass of Indian consumers. During the year the Company has also launched the new beetel logo. In furtherance of its resolve to make the brand beetel an aspirational symbol of Indias middle class, your Company is also rejuvenating the beetel brand with new look and feel. In the coming months a number of new products in all categories such as Fixed Line, Basic Phones, Feature Phones, Cordless Phones, Set Top Boxes, EDGE Cards etc. are planned for launch to improve our leadership in telecom customer premises equipment segment. SUBSIDIARY COMPANY: As on March 31, 2009, the Company has one wholly owned subsidiary viz. M/s. Beetel Teletech Limited, which has filed a scheme of arrangement with the Honble Delhi High Court for amalgamation with the Company so as to achieve better synergy in operations as a consolidated entity. HR, REMUNERATION AND ESOP COMMITTEE: The HR, Remuneration and ESOP Committee consists of Mr. Inderjit Walia, Mr. Sarvjit Singh Dhillon and Mr. Rakesh Bharti Mittal. The HR, Remuneration and ESOP Committee is chaired by Mr. Inderjit Walia.