vantel technologies ltd Management discussions

VANTEL TECHNOLOGIES LIMITED ANNUAL REPORT 2004-2005 MANAGEMENT DISCUSSION AND ANALYSIS The company is in the business of highly competitive Telecom products / services. No doubt there is great potential for growth for technology based companies; but at the same time enormous resources in manpower (skilled technologists) and financial areas are must to succeed. Indian market provides great opportunity for the local players vis-a-vis compared to the foreign suppliers. The company is focusing on these and it is parallelly developing some high value and innovative products, which could be produced and marketed World wide at highly competitive prices. The company is yet to achieve break through in high value products. But constituent efforts are put to achieve break-through in high value security products. IT industry Scenario and outlook Due to unforeseen depressed market trend, the business volumes during the year under review, have come down substantially. However your company is able to sustain in the market and continue to attempt products and services constantly. Your company is able to generate two new telecom products which are commendable. In fact major basic service operators have appreciated the efforts of the company. The product has been well received which may generate lot of business for the company in future. Your directors also wish to state that company is poised to secure more orders for VIPS (an intelligent protection system) from other telecom companies soon. Further the company during the year had also introduced VoIP products and services. The product has been well received, which may generate sizeable value of business for the company in future. Human Resource Development Your Companys success stems from its ability in bringing out the best potential of its human resources for driving the organization towards its vision. The companys HR practices ensure this by enabling and empowering its employees.