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Add to your PortfolioFollow AGC Networks Ltd. on etspeed

AGC Networks Ltd.

BSE:500463  |  NSE:AGCNETBE  |  58888:tale  |  IND:IT Consulting & Software - Small Cap  |  ISIN code:INE676A01019  |  SECT:IT Software

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You can view the entire text of Chairman's speech of AGC Networks Ltd.
Director Report
Mar2016   Mar 2018

Dear Shareholders,

Today’s digital ready world has ensured that technology is a key enabler in the hands of both the end consumer and Providers -enterprise and mid market organizations - and thus the role of your Company as a Go-To-Technology Solution Integrator delivering efficient communications and evolved technology solutions; is undeniable. Gartner, Inc. forecasts worldwide IT spending to total $3.7 trillion in 2018, an increase of 6.2 percent from 2017 and India IT spending is projected to total $87.1 billion in 2018, an increase of 9.2 percent from 2017.

With this as an outline and consistent efforts on cost consciousness, your Company’s base has been set to capture a greater share of the market opportunity in India and overseas.

In this financial year, your Company continues to be fully compliant with all statutory dues, filings and bank re-payments. Coupled with this has been a positive bottom line delivered in all quarters of FY18 with your Company managing to successfully de-leverage the balance sheet.

AGC, thus as a Global Solution Integrator works to deliver an integrating value to the customer organizations across geographies and industry verticals. We foresee the market opportunity utilization to be optimal with management leaders and their teams working closely with global leading technology providers in each of the markets that your Company operates in. The derived business value thus ensures accelerating the single-minded objective of delivering value to customers and all related stakeholders.

Thank you, shareholders, for your continuing faith.

With Best Wishes,

Sujay R. Sheth

Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
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