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Annual Report 2020 - 21 Financial Highlights

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Annual Report 2020 - 21 Financial Highlights ANNUAL REPORT 2020 - 21 FINANCIAL HIGHLIGHTS Operating Revenue CONTENTS Message from the Chairman .............................. 03 1826.2 13.4% Board of Directors ................................................. 04 ₹ Crores YoY Design Digital.......................................................... 05 Industries.................................................................. 06 Notice........................................................................... 11 Directors' Report including Management Profit After Tax Discussion and Analysis........................................ 22 Annual Report on Corporate Social 368.1 43.7% Responsibility .......................................................... 35 Secretarial Audit Report....................................... 39 ₹ Crores YoY Business Responsibility Report .......................... 42 Compliance Report on Corporate Governance.............................................................. 49 Independent Auditor's Certificate on Earnings Per Share Corporate Governance.......................................... 63 Independent Auditor's Report........................... 64 Balance Sheet .......................................................... 72 59.11 43.8% Statement of Profit and Loss .............................. 73 ₹/ Share YoY Statement of Changes in Equity........................ 74 Statement of Cash Flow....................................... 75 Notes forming part of the financial statements................................................................ 77 Significant three years' highlights .................... 113 Book Value Response to Covid ................................................ 115 217.1 24.0% ₹/ Share YoY ANNUAL REPORT 2020 - 21 MESSAGE FROM THE CHAIRMAN Dear Shareholder, I hope you and your family are safe Your Company's customer base is I would like to extend my gratitude to and healthy in these difficult times. diversified in terms of both our management team, staff, and geographies we operate in, and business associates for their Your Company generated operating currencies we bill in. This mitigates contribution and commitment towards revenues of Rs. 1826.2 Cr in FY21, risks arising from geopolitical and Tata Elxsi. registering a healthy growth of 13.4% YoY currency volatility to a certain degree. over FY20. The Profit before tax was I take this opportunity to also record Rs. 511.9 Cr for the year, a growth of During the past year, amidst travel my appreciation for my fellow directors restrictions and lockdowns instituted for guiding the Company amidst this 45.3% YoY, crossing the 500 Cr mark by various governments across challenging operating environment. for the first time in the Company's geographies, your Company ensured history. Your Company's Net Profit for safety and wellbeing of all its We recognize the difficult period that the year stood at Rs. 368.1 Cr, employees, and also facilitated a the entire economy has witnessed in reporting a growth of 43.7% YoY. seamless transition for employees to the past few quarters and the work from home, supported with predominance of individual retail In the coming year, the continued impact processes and tools for remote investors in our investor base. of the Covid-19 pandemic, stagnant working, communication, and economic performance, foreign exchange collaboration. I am pleased to inform you that your rate fluctuations, and a downturn in Board of Directors has approved a final some sectors would all pose challenges This strategic diversification, seamless dividend of 240% for the year 2020-21, to economic growth. continuity of delivery and operations, along with a one-time special dividend and investments in improving of 240% for your consideration. We expect that advanced economies offerings, sales, and marketing, will recover faster, supported by enabled the Company to increase Last but not least, on behalf of the fiscal stimulus and vaccination operating revenue by 13.4% in a year entire Board of Directors and the management team, I would like to mechanisms. Industries have seen where the global economy was thank you for your continued trust, varied impact for continuity of contracting. guidance and support. operations, supply chains and consumer In the Zinnov Zones 2020 Report, your demand. Company was ranked in the N G Subramaniam ‘Leadership Zone’ in the Automotive Your Company has spent the last few and Media & Communications years building relevant capabilities industries. Your Company was also and strategies in industry verticals with recognised as an emerging niche low overlap, such as Transportation, leader in innovative technologies like Media, Broadcast and Communications, Digital Engineering, Artificial Intelligence and Healthcare. and the Internet of Things. ANNUAL REPORT 2020 - 21 03 BOARD OF DIRECTORS as on April 22, 2021 Mr. N G Mrs. SHYAMALA Mr. SUDHAKAR Prof. ANURAG Mr. ANKUR Mr. MANOJ SUBRAMANIAM GOPINATH RAO KUMAR VERMA RAGHAVAN Chairman Independent Independent Independent Non-Independent CEO & Managing (Non-Independent Non-Executive Non-Executive Non-Executive and Non-Executive Director and Non-Executive) Director Director Director COMMITTEES Audit Stakeholders’ Relationship Corporate Social Responsibility Mrs. S Gopinath Mr. Sudhakar Rao Mr. Sudhakar Rao Chairperson Chairman Chairman Mr. Sudhakar Rao Prof. Anurag Kumar Mrs. S Gopinath Mr. Ankur Verma Mr. Manoj Raghavan Mr. Manoj Raghavan Nomination & Remuneration Risk Management Chief Financial Officer Mrs. S Gopinath Prof. Anurag Kumar Mr. H V Muralidharan Chairperson Chairman Company Secretary Mr. N G Subramaniam Mr. N G Subramaniam Mr. G Vaidyanathan Mr. Sudhakar Rao Mr. H V Muralidharan Auditors Registered & Corporate Office Registrars & Share Transfer Agents BSR & Co. LLP Tata Elxsi Limited TSR Darashaw Consultants Pvt. Ltd Chartered Accountants ITPB Road Whitefield C-101, 1st Floor, 247 Park Bengaluru - 560 048 Lal Bahadur Shastri Marg India Vikhroli (West), Mumbai – 400 083 Email: [email protected] 04 ANNUAL REPORT 2020 - 21 Digital technologies like Mobility, Tata Elxsi’s Design Digital brings together Internet of Things, Artificial Intelligence, a global and diverse team of strategic and Cloud-based applications are being thinkers, consumer insights experts, integrated into consumer contexts, award-winning designers, technologists, services, and products. and digital experts. These technologies are creating huge Our network of Design Studios, opportunities to drive operational Innovation Hubs, and Centers of efficiency, reduce costs, deliver new Excellence for Digital technologies, help services to consumers, and generate enterprises re-imagine their products and new revenue sources for our customers. services - from strategy, insights, service However, these technologies also drive design, interaction design to technology an exponential increase in the implementation and integration. technological complexity required to develop new products and services. ANNUAL REPORT 2020 - 21 05 INDUSTRIAL DESIGN AND VISUALIZATION Selected by DishTV to develop ‘Orbit,’ the new user interface for both its brands Dish TV & D2H, enabling subscribers with a seamless TV and online viewing experience Tata Elxsi is a fully integrated global design consultancy, creating innovative products, services, and experiences to build brands and help businesses grow. We have a multi-disciplinary and award-winning team of design researchers, strategists, product and UX/UI designers, technologists, and engineers. Sunfeast Mom's Magic - Accentuating the Our services span across consumer research and insights, strategy and biscuit design to communicate its goodness innovation, product, and experience design to the development and delivery of and richness interactive and immersive experiences. Tata Elxsi’s design teams help clients launch new ideas and award-winning products and services, helping brands differentiate and win in the marketplace. 06 INDUSTRIES ANNUAL REPORT 2020 - 21 HEALTHCARE Tata Elxsi supports global medtech, digital health, pharmaceuticals, and biotech businesses conceptualize, launch, and sustain products in one of Selected by Aesculap AG, a B. Braun the most regulated industries in the company and one of the world’s world. leading manufacturers of medical devices, as its global engineering Our ISO 13485 certified global delivery services partner centers and engineering network ensure that our customers can Rolled out an industry-first leverage our people, process, and outcome-based risk assurance infrastructure to achieve their business business model for large regulatory goals in the competitive and evolving transition programs for existing and market. new customers ANNUAL REPORT 2020 - 21 INDUSTRIES 07 MEDIA, BROADCAST AND COMMUNICATIONS Tata Elxsi addresses the entire product development lifecycle for Media, Broadcast, Communications, and Consumer Electronics, from R&D to Positioned in the Leadership new product development, testing, Zone in Communications - and maintenance engineering. Zinnov Zones 2020 Report We partner with leading broadcasters Google Widevine has chosen and operators to build connected us as a 3PL certification services and deliver superior customer partner to offer safe experience. premium content protection for Broadcast, Media, We also support leading telecom Consumer Electronics, and operators in their digital and network Automotive applications transformation efforts, helping with integration, process automation, and new service rollout. See whwhat’s nextxxt. WATCHCCHHANY ANY WHEREWHERE. CANCNCEL ANYT IME.IM
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