OVERVIEW OF THE ECONOMY
INDUSTRY STRUCTURE ANDDEVELOPMENTS:
Software and computing technology are transforming businesses in every
industry around the world in a very profound and fundamental way. The continued reduction
in the unit cost of hardware, the explosion of network bandwidth, advanced software
technologies and technology-enabled services are fueling the rapid digitization of
business processes and information. Over the past two decades, with the emergence of the
internet and inexpensive connectivity, the global delivery model of service delivery has
risen to become the preferred model in sourcing of IT services, business process services
and research and development services.
The rapid pace at which technology is changing and the need for
highly-skilled professionals in both the renewed and new technology areas are driving
businesses to rely on third parties to realize their IT transformation. Several technology
solution and service providers have emerged over the years, offering different models for
clients to consume their solution and service offerings:
GLOBAL DELIVERY MODEL
Our Global Delivery Model is based on a scalable infrastructure that
results in multiple efficiencies for our clients. We divide projects into components that
we execute simultaneously at client sites and at our Development Centres in India and
around the world.
OPPORTUNITIES AND THREATS OUR STRENGTHS
We believe our strengths give us the competitive advantage to position
ourselves as the leading global solutions and services company.
We develop and integrate innovative solutions that enable our clients
to leverage IT to achieve their business objectives at competitive costs. We use our
quality processes and global talent pool to deliver "time to development"
advantages, cost savings and productivity improvements.
Consulting and domain expertise: Our specific industry, domain,
process, and technology expertise allows us to enable clients to transform their
businesses with innovative strategies and solutions. Our expertise helps our clients
enhance their performance, gain process and IT efficiencies, increase agility and
flexibility, reduce costs, and achieve measurable business value.
Breadth of offerings: Our suite of comprehensive end-to-end business
solutions includes business and technology consulting, enterprise solutions, systems
integration, custom application development, application maintenance and production
support, infrastructure management, cloud ecosystem integration, product engineering and
lifecycle solutions, business process management, software products, and business
platforms and solutions.
Deep client relationships and brand: We have long-standing
relationships with large corporations and other organizations. Our track record in
delivering high-quality solutions across the entire software lifecycle and our strong
domain expertise help us solidify these relationships and gain increased business from
existing clients. This history of client retention allows us to showcase and strengthen
our brand.
OUR STRATEGY
Our strategic objective is to build a sustainable organization that
remains relevant to the agenda of our clients, while generating profitable growth for our
investors. In order to do this, we will apply the priorities of renew and new to our
own business and cascade it to everything we do.
THESE TRANSLATE TO THE FOLLOWING STRATEGIC FOCUS AREAS:
Build expansive, lasting relationships with our clients by delivering
differentiated market offerings: Our strategy is to engage with clients on their large
transformative programs, both in traditional IT areas as well as for their new digital
business initiatives. We expand existing client relationships by providing them with a
broad set of end-to-end service offerings and increase the size, nature and number of
projects we do with them. Our specific industry, domain, process, and technology expertise
allows us to enable clients transform their businesses with innovative strategies and
solutions. We offer an end-to-end suite of high-quality, highly responsive and
innovation-led services spanning business consulting, IT services, software platform-based
services and business process management. This enables us to partner with our clients on
large, multi-year engagements.
Our Global Delivery Model provides scale, quality, expertise and cost
and time-to-market advantages to our client projects. The model enables us to perform work
at the location where the best talent is available and where it makes the best economic
sense with the least amount of acceptable risk. Over the last 30 years, we have developed
our distributed execution capabilities to deliver high-quality and scalable services. This
scalable infrastructure complements our ability to deliver project components that are
executed round the clock and across time zones enabling us to reduce project delivery
times.
Enhance our operational processes for agility and optimal cost: We
periodically assess the effectiveness of our organization structure and processes to
optimize it for alignment with our strategic objectives and agility. Attract and retain a
global, diverse, motivated and high-performing employee base -Our employees are our
biggest assets.
We will deploy our capital in making selective business acquisitions
that augment our expertise, complement our presence in certain market segments and
accelerate the execution of our strategies.
OUR COMPETITION
We experience intense competition in traditional services and see a
rapidly-changing marketplace with new competitors arising in new technologies who are
focused on agility, flexibility and innovation.
We typically compete with other technology services providers in
response to requests for proposals. Clients often cite our industry expertise,
comprehensive end-to-end solutions, ability to scale, superior quality and process
execution, Global Delivery Model, experienced management team, talented professionals and
track record as reasons for awarding us contracts.
OUTLOOK, RISKS AND CONCERNS;
OUTLOOK:
In order to meet the changing market realities, your Company has been
following the philosophy of providing the highest quality products and services at the
lowest possible prices All endeavors are made to achieve possible cost reduction in every
area of operations.
Your Companys philosophy to provide high class quality products i.e.
full value for money, to consumers would greatly benefit in the long run. In the otherwise
increasing cost arena, every expense, whether capital or revenue is minutely reviewed to
achieve all possible savings.
RISKS AND CONCERNS:
Risk Management at "Adroit Infotech" is an enterprise wide
function that aims at assessing threats to business sustainability and mitigating those
threats. The function is backed by a qualified team of specialists with deep industry
experience who develop frameworks and methodologies for assessing and mitigating risks.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has a proper and adequate system of internal control to
ensure all the assets are safeguarded and protected against loss from unauthorized use or
disposition and the transactions are authorized, regarded and reported correctly.
The Companys Internal Audit Department is regularly carrying out the
Audit in all areas. Additionally the Audit committee is
reviewing all Audit Reports with significant control, all issues raised
by internal and external auditing regularly, reports on the business development, all the
past and the future plans are given to the Board of Directors, Internal Auditors reports
are regularly circulated to all the senior management to comply with the findings.
Normal forcible risks of the Companys Assets are adequately covered by
comprehensive insurances.
DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL
PERFORMANCE - STANDALONE & CONSOLIDATED
During the year under review, your company has earned revenue of Rs
648.60 Lakhs and profit/ (Loss) of Rs. 61.68 Lakhs and consolidated revenue of Rs. 648.60
Lakhs and profit/ (Loss) of Rs. 61.68 Lakhs.
MATERIAL DEVELOPMENTS IN HUMAN RESOURCES.
Human capital is broadly peoples competencies, capabilities and
experience, being continuously innovative and contribute to the organizations shared goals
and values.
During the year under review, the Company has undertaken extensive
steps in optimizing the manpower at the Plant, corporate office and Field locations.
Employee/employer relations were cordial throughout the year. Measures for safety of the
employees, training and development continued to receive top priorities.
CAUTIONARY STATEMENT
Certain statements made in the management discussion and analysis
report relating to the Companys objectives, projections, outlook, expectations, estimates
and others may constitute forward looking statements within the meaning of applicable
laws and regulations. Actual results may differ from such expectations, projections and so
on whether express or implied. Several factors could make significant difference to the
Companys operations. These include climatic conditions and economic conditions affecting
demand and supply, government regulations and taxation, natural calamities and so on over
which the Company does not have any direct control.
COMPLIANCE CERTIFICATE
To
The Board of Directors, Adroit Infotech Limited
Dear members of the Board,
We, Sudhakiran Sunkerneni Reddy, Managing Director and Mohammed Salam
(CFO) of Adroit Infotech Limited certify that:
a. We have reviewed Financial Statements and the Cash Flow Statement
for the year ended March 31, 2022 and that to the best of our knowledge and belief:
i. These statements do not contain any materially untrue statement or
omit any material fact or contain statements that might be misleading;
ii. These statements together present a true and fair view of the
Companys affairs and are in compliance with existing accounting standards, applicable
laws and regulations.
b. To their best of knowledge and belief, no transactions entered into
by the Company during the year which are fraudulent, illegal or violate of the Companys
code of conduct.
c. We accept responsibility for establishing and maintaining internal
controls for Financial Reporting and that we have evaluated the effectiveness of internal
control systems of the Company pertaining to Financial Reporting and we have disclosed to
the Auditors and the Audit Committee, deficiencies in the design or operation of such
internal controls, if any, of which we are aware and the steps we have taken or propose to
take to rectify these deficiencies.
d. We have indicated to the Auditors and the Audit Committee.
i. Significant changes in internal control over Financial Reporting
during the year;
ii. Significant changes in accounting policies during the year and that
the same have been disclosed in the notes to the Financial Statements; and
iii. Instances of significant fraud of which we have become aware and
the involvement therein, if any, of the management or an employee having a significant
role in the Companys internal control system over Financial Reporting.
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BY ORDER OF THE BOARD |
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for Adroit Infotech Limited |
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Sd/- |
Sd/- |
| Place: Hyderabad |
Mohammed Salam |
Sudhakiran Sunkerneni Reddy |
| Date: May 21,2022 |
Chief Financial Officer |
Managing Director |
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DIN:01436242 |
+91-9892691696
