Divya Kumat Executive Vice President, Chief Legal Officer & Company Secretary
Total Page:16
File Type:pdf, Size:1020Kb
December 2, 2020 To, Corporate Communication Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeeboy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001. Bandra (East) Mumbai 400 051. BSE Code: 532528 NSE Code: DATAMATICS Subject: Annual Report for the financial year 2019-20. Dear Sir/Madam, The 32nd Annual General Meeting (AGM) of the Company is scheduled to be held on Saturday, December 26, 2020 at 11.30 a.m through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Annual Report of the Company for the financial year 2019-20. The Annual Report is also displayed on website of the Company (www.datamatics.com). Kindly take the above on your record. Thanking you, For Datamatics Global Services Limited Divya Kumat Executive Vice President, Chief Legal Officer & Company Secretary Encl. : Annual Report 2019-20 DATAMATICS GLOBAL SERVICES LTD. Knowledge Centre, Plot 58, Street No. 17, MIDC, Andheri (East), Mumbai - 400 093. INDIA | Tel: +91 (22) 6102 0000/1/2 | Fax : +91 (22) 2834 3669 | CIN: L72200MH1987PLC045205 | [email protected] | www.datamatics.com ANNUAL REPORT 2019-20 FOR THE NEW WORLD ROBOTICS | INTELLIGENT AUTOMATION | DIGITAL FINANCE DIGITAL WORKPLACE | CLOUD | ENTERPRISE APPLICATION MANAGEMENT DIGITAL EXPERIENCE | DIGITAL CONTENT MANAGEMENT CUSTOMER MANAGEMENT | AUTOMATED FARE COLLECTION CONSOLIDATED REVENUE ( in Million ) Corporate Overview 12,033.2 02 At a Glance 03 Strategic Focus 6.2% 04 Business Overview 06 Key Performance Indicators 08 Chairman's Message EBITDA ( in Million ) 10 Vice Chairman & CEO Message 12 Achievements 14 Board of Directors 1,235.7 16 Leadership Team 17 Corporate Information 7.7% Statutory Reports WORLDWIDE 18 Notice Signicant Customers 30 Board's Report 57 Business Responsibility Report 200+ 65 Management Discussion and Analysis 72 Report on Corporate Governance OFFICES Financial Statements in Countries Consolidate 88 Independent Auditor's Report 6 94 Balance Sheet 95 Statement of Prot & Loss 96 Statement of Changes in Equity GLOBAL DELIVERY CENTERS in Regions 97 Cash Flow Statement and Notes Standalone 140 Independent Auditor's Report 4 146 Balance Sheet 147 Statement of Prot & Loss 148 Statement of Changes in Equity 149 Cash Flow Statement and Notes 186 Statement pursuant to Section 129 of the Companies Act 2013 Datamatics provides intelligent solutions for data-driven businesses to increase productivity and enhance the customer experience. With a complete digital approach, Datamatics portfolio spans across Information Technology Services, Business Process Management, Engineering Services and Big Data & Analytics all powered by Articial Intelligence. It has established products in Robotic Process Automation, Intelligent Document Processing, Business Intelligence and Automated Fare Collection. Datamatics services global customers across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing. The Company has presence across 4 continents with major delivery centers in the USA, Europe, India, and Philippines. DATAMATICS FOR THE NEW WORLD. The new era of digital technologies is changing the Management, Digital Experience, and Digital world rapidly, and so is Datamatics. As the world is Content Management help the customers build evolving towards an integrated, data-driven society deeper customer relationships. and digital-rst economies are reshaping business models and value creation paradigms, we at As our customers adopt digital technologies to Datamatics see a larger role for ourselves in the drive their businesses in the coming times, we are markets in which we operate. well positioned to implement Digital Technologies for our customers. It provides us an excellent Our digital solutions like Robotics, Intelligent opportunity to partner with them in implementing Automation, Digital Finance, Digital Workplace, and digital transformation solutions that would ensure Cloud help our customers increase enterprise business continuity for our customers and enable productivity. While, solutions such as Customer them to remain competitive. Datamatics Global Services Limited At a Glance What we do We build intelligent solutions for data-driven businesses to enhance their productivity and customer experience. EXPERTISE Information Technology (IT) Business Process Management (BPM) Smart Systems Smart Processes Transforming businesses across industries Banking and Publishing Healthcare Insurance Travel and Financial Services Hospitality Retail and Transportation Manufa cturing In ternational E-commerce and Logistics Organizations Top three revenue Top three revenue contributors by industry (%) contributors by region (%) Banking and Financial Services - 28 USA - 57 Publishing - 26 India - 19 Manufacturing - 9 Europe - 16 Others - 37 Others - 08 2 Corporate Overview | Statutory Reports | Financial Sections Strategic Focus Strengthening digital solutions footprint Strategic Focus We deliver a comprehensive suite of innovative services and solutions to customers including Fortune 500 companies for managing their end-to-end Application Life Cycle and Business Critical Processes. Our stellar brand reputation in the market and strong foothold in the IT and ITeS space, along with a three-decade long legacy of delivering solutions tailored to client requirements have helped us create sustainable value for all our stakeholders. We have identied the following strategic priorities to drive robust revenue growth and margin improvements going forward: Digital Solutions – Robotic Process Automation, mobility, cloud, analytics Focus on products and platforms Establish partner and reseller channels Automated Fare Strategic Collection opportunity Priorities Increase account penetration Invest in marketing and branding Business continuity in times of COVID-19 In FY 2019-20, we made signicant investments in strengthening and ensure smooth implementation and support for our IP our digital footprint, and are now uniquely positioned to products globally. We are also investing in marketing and branding implement digital technologies such as Robotic Process eorts to increase visibility and geographic reach. Automation, Digital Experiences, Analytics, Cloud and Articial Automated Fare Collection (AFC) has been one of our key focus Intelligence for our customers. We are focusing on deepening our areas. We see this as a huge opportunity in emerging economies account penetration with our customers, which include Fortune around the world, including India. We are also actively pursuing US 500 companies, by cross-selling and up-selling through integrated market and have won the AFC contract for Memphis Area Transit sales and marketing eorts. Authority (MATA), the public transportation provider for the Memphis area, USA in 2019. Our products and platforms, such as TruBot in Robotic Process Automation, TruCap+ in intelligent data capture, iPM in end-to-end In the wake of COVID-19 crisis, Datamatics priorities include workow management, TruBI in business intelligence and data focusing on employee well-being, servicing and retaining our visualization, and TruFare in Automated Fare Collection, are gaining customers and tightly managing our cash-ows. Team Datamatics good traction. has done exceedingly well in managing on all the three fronts in the face of the current crisis. Also, with a diversied customer base As part of our product strategy, we are aggressively investing in across industries, we believe, Datamatics is better prepared to face expanding our partner network to increase the sales momentum the challenge. Annual Report 2019-20 3 Datamatics Global Services Limited Business Overview Transform To Perform In an ever-changing business scenario that demands doing more with less, managing processes that improve enterprise outcomes and agility are business imperatives. Datamatics is a global Technology, BPM and Digital Solutions company providing intelligent solutions for data-driven businesses. With a complete digital approach, Datamatics portfolio spans across Information Technology Services, Business Process Management, Engineering Services and Big Data & Analytics all powered by Articial Intelligence. It has established products in Robotic Process Automation, Intelligent Document Processing, Business Intelligence and Automated Fare Collection. IT SOLUTIONS The worldwide IT spending is expected to Application total US$ 3.4 trillion in 2020, a decline of 8% Management Services from 2019, mainly due to impact of COVID-19. As the pandemic continues to spur remote working, public cloud services, Digital Solutions which is applicable into multiple categories, is expected to be a bright spot growing at Robotic Process 19% in 2020, as per Gartner . Automation (RPA) Digital Experience Datamatics is well positioned to implement digital technologies such as Robotic Process Cloud Solutions Automation, Mobility, Analytics, Cloud and Articial Intelligence (AI) for its customers. Datamatics with its experience and exper- Automated Fare tise has carved out a niche for itself towards Collection (AFC) becoming a strategic partner to its valued customers and oering intelligent solutions. IT Solutions: FY 2019-20 performance highlights REVENUE REVENUE CONTRIBUTION EBITDA MARGIN REPEAT BUSINESS ` in million) (in %) (in %) (in %) (in %) 7,071 8.8 59 11.1 91 4 Corporate