Annual Report 2018-19 INNOVATE …By Using the Power of Digital

cyient.com

The power of Ideas

Global Headquarters Cyient Limited, Plot No. 11, Software Units Layout, Infocity, Madhapur, Hyderabad - 500 081, India | T: +91 40 6764 1000 Annual Report 2018-19 INNOVATE …by using the power of digital. DISRUPT …markets, processes, and status quo. LEAD …stakeholders into the future. industries, andthesociety. the impactonourstakeholders—clients, associates, improving ourbrand’s competitiveness, itsvalue, and organization to oﬀ box thinking.Aswe expand from aservices-led an environment thatencourages out-of-the- to solve problems thatmatter” andfostering We dothisby“applying technology imaginatively At Cyient, we are makingthatareality. a bigideaturn into aninnovation. technology, anoldproblem, and Every onceinawhile,new OF IDEAS THE POWER ering intelligentsolutions, we are

Annual Report | 2018-19 Annual Report | 2018-19 TABLE OFCONTENTS 6 GLOBAL PRESENCE ECS MANDATE 265 PROXY FORM 263 LOCATION MAP 261 ATTENDANCE SLIP 260 SHAREHOLDERS’ HANDBOOK 259 SIGNIFICANT MILESTONES 255 FINANCIALANALYSIS 252 HISTORICAL PERSPECTIVE 243 CONSOLIDATED FINANCIALSTATEMENTS 242 STANDALONE ABRIDGEDFINANCIALSTATEMENTS 165 REPORT ONCORPORATE GOVERNANCE 142 MANAGEMENT DISCUSSION ANDANALYSIS 117 SECRETARIAL AUDIT REPORT 92 BUSINESS RESPONSIBILITYREPORT 85 DIRECTORS’ REPORT 71 NOTICE OF ANNUAL GENERALMEETING 62 AWARDS ANDACCOLADES 47 SENIORLEADERSHIP 44 BOARD OFDIRECTORS 42 CORPORATE INFORMATION 40 CEO’S MESSAGE 19 CHAIRMAN'SMESSAGE 16 KEYPERFORMANCE HIGHLIGHTS 07 02

Annual Report | 2018-19 2 Annual Report | 2018-19 FY19 HIGHLIGHTS - PERFORMANCE KEY a positive outlook Maintained strong growth and pipeline andorder backlog. Our outlookfor FY20isbacked byastrong and solutionsto clientsacross industries. strategic goalofproviding complete systems global market expectations, butalsofulfi rounded capabilitiesnotonly enableusto meet led manufacturing capabilities. These well- capability, emerging technologies, anddesign- comprehensive ecosystem ofengineering Cyient DLMenablingusto create auniqueand This year, we alsoacquired a100%stake in stake in2014. company ofwhich,Cyient hadacquired 51% 100% stake inCyient Insights, adatascience integrated circuits (ASICs) designcompany, and analog andmixed-signal application-specifi AnSem N.V., aleadingfabless, custom execution resulting intheacquisitionof year saw anincreased momentum instrategy and Communications businessunits. This Defense, Rail Transportation, Semiconductor, signifi with thebusinessoutlookfor theyear with The strong performance for FY19was inline cant progress marked intheAerospace & ll our c Highest ever at₹15pershare $ (₹46,175 Mnatagrowth rate 660 82 Dividend Payout (Including buyback) of 17.9%YoY) Revenue 8.7% YoY %

Mn $ $ (₹4,898 Mnatagrowth rate (₹6,443 Mnatagrowth rate 144 580 Normalized NetProﬁ $ $ closing exchange rate) Services Revenue 91 69 Operating Proﬁ of 14.0%YoY) of 17.3%YoY) Cash BalanceCash (₹9,983 Mnon 6.3% YoY 7.9% YoY . . 8 9 . . 2 2

Mn Mn t

Mn Mn t 52 % Revenue Segmentation By Geography Consolidated APAC EMEA Americas 25 23 % % 3 Annual Report | 2018-19 4 Annual Report | 2018-19 Middle East andAfrica(4%). North America(12%),andEurope, the major regions: AsiaPaciﬁ global workforce spans across three headcount stood at15,084. Our At theendofFY19,total LOCATIONS COUNTRIES 55 20 c (84%), 15 ASSOCIATES 300 CLIENTS , 000 +

celebrates diversity. to beequalpartners inourgrowth story. Ouremphasisisonbuildinganagileandinclusive organization that We are committed to creating anorganization andculture where ourassociates are empowered andengaged of 60%. over theprevious year’s score rate. This isanimprovement of 63%witha90%response resulted inanimproved score engagement survey has Our annualemployee Listening to OurEmployees Global Presence Global Headquarters enriched ourlearningassets. with onlinecontent providers has trainings. InFY19,ourcollaboration through industryandacademia-led equipping themwiththerightskills a future-ready workforce and initiatives are focused onbuilding Our learninganddevelopment Building Capability beneﬁ resulted intheintroduction ofnew policies andpeoplepractices has Our focus ondeveloping scalable well asanincrease inlateral hires. an overall increase inheadcount as an ‘Employer ofChoice’resulting in We strengthened ourpositionas Nurturing People ts across ourregions.

Map is indicative and not to scale 5 Annual Report | 2018-19 6 Annual Report | 2018-19 worlds andenablingenterprisesto diff increasing thenumberofhybrid touchpoints between digitalandanalog helping organizations provide solutionsandservicesinreal-time. This is interdependency across devices, technologies, people,andlocationsis The increasing density ofinterconnection, integration, and and maintainanentire value chain. service off AI-led servicesandproducts. Organizations are buildingend-to-end businesses aswell asstrong data-driven economies powered byIoTand 4.0, we are witnessingagrowth inplatform-based concepts and For thepastfour to fi beyond geographical borders andamplifi interdependent industriesandenterprisesthatseamlessly expanded economy. These developments created interconnected, integrated, and architectures, software-defi digital saw thedevelopment ofcloudandmobilecomputing, web-centric mobile, miniaturization, andsensorization ofeverything. This wave of embracing thefusionofInternet,cloud,communications technology, In thefi market theirproducts. enterprises to communicate, andwebsites to exhibit theircontent and suite, andeventually theWorld WideWeb. This era introduced email for C, Ethernet technology, development WAN, ofLAN, TCP/IP protocol early digitalenterprises. This era saw programming languagessuchas developed, theyears between 1970untilaround 2000shapedthe programming languagessuchasBASIC, COBOL, andFORTRAN were dominated thedecadesfrom 1950until1969whenthefi Digital, however, isnotanew phenomenon.Whilethepre-digital era non-profi From smallbusinessesto large corporations, from government agenciesto creating, storing, communicating, consuming, andanalyzing information. Ones andzeros are defi Dear Shareholders, DIGITAL TRANSFORMATION DIFFERENTIATING WITH rst decadeof thenew millennium, we witnessedorganizations ts, there isintensefocus to transform into “digitalenterprises.” erings anddeveloping abilitiesto defi ve years andcoinciding withtheadvent ofIndustry ning today’s world. Digitalisnow thebyword for ned environments, socialmedia,andAPI erentiate interms ofbusinessvalue. ed theimpact ofthevalue chains. ne, design,build, operate, rst high-level Founder andExecutive Chairman BVR MohanReddy 7 Annual Report | 2018-19 8 Annual Report | 2018-19 rewriting therulesoftrade and and customers. As digitalbegan relationship between businesses Technology transforms the Strategy society. associates, shareholders, and the confi fi is diligently following these me to enumerate how Cyient innovation and excellence. Allow It went ondiff applying technology imaginatively. to solve problems thatmatter by of thetimewitharelentless pursuit navigation. Cyient stood thetest of digitalmapcontent for in-car digitization ofmapsandcreation journey 28years agowith Cyient embarked onitsdigital Pursue strategic and best-fi - Create anagileorganization - Evolve talentmodelsthatsuit - Embrace open-innovation and - Make evidence-based “where-to- - fi I believe itisprudentto follow these itself andsucceedinthedigitalera, enterprise to truly diff Against thisbackdrop, for an ve commandments to win ve commandments: acquired entities successfully integrate the practices, andmarkets; technologies, skills, regulatory access relevant andadvanced mergers andacquisitionsto value to customers continuously capabilities to deliver business technical, andserviceline taking thebestofdomain, mantra “right-skill, re-skill, up-skill” supply chainbyfollowing the the digitalera—redefi to buildend-to-end solutions leverage thepartnerecosystem to scalewitharobust strategy play” choicesandactively prioritize dence ofcustomers, erentiating through erentiate ne people t innovation intheiroff their markets anddrive greater address growing complexities in talent, andecosystems to have to reconfi companies far. Organizations model innovations willnottake simple process/product/business Industry 4.0era, thedays of a technology company. Inthe Innovation is thelife-blood of Innovation growth andprofi the organization to drive greater effi that focuses onoperational “Readiness 2020”initiative Cyient recently adoptedthe with ourstakeholders. and actionsreinforce trust frameworks guideourbehaviors by Example, andEmpowered) Growth mindset,Inclusive, Lead the AGILEculture (Ambitious, Sincerity, andTransparency) and FIRST (Fairness, Integrity, Respect, underpin itsstrategy: Values Cyient’s values andcultures or manufacturing. healthcare, telecommunications, transportation, energy, utilities, needs, beitinaerospace, defense, a broader range ofcustomer play. This allows usto address market intheindustrieswe and expanding ouraddressable diff industries, we are creating maintain continuum inourfocus the design-build-operate- By developing capabilitiesacross AGILE 2030execution framework. to systems andsolutionswiththe strategy to expand from services Cyient continues to implement its and robust strategies. organizations embrace dynamic change isaccelerating, making competition, thepaceofthis ciency improvements across erentiated businessoff gure technology, tability. erings. erings improve organizational leadership. to strengthen, re-engineer, and organization, and itisimperative strategic priority for every In thedigitalera, talentisa and Diversity &Inclusion Skills, Leadership Development, insights. solutions to provide actionable leveraging ourIoTandanalytics sensors to capture data,while clients develop smartanalog acquisition, Cyient ishelpingits fi also acquired thesemiconductor two medical start-ups inFY19.We corporate venture investments in to innovation forward, Cyient made Taking ourmulti-pronged approach emerging technologies. approach to invest strategically in These initialsuccessesvalidate our and develop ourbusiness model. farmers, andwe continue to test increasing thenetincome of is showing promising results in with amajoragriculture company) agriculture initiative (incooperation a few examples. Ourprecision Cyient SmartCity Platform are Virtual Reality Platform, and Platform, Cyient Augmented/ our customers. The Cyient IoT generating strong interest from is atthemarket-entry stage, initiatives, andthefi The NBA isincubating18new solutions. partners, anddeveloping new technologies, new skills, new engaging withandacquiringnew identifying opportunities, course ofFY19byproactively made goodprogress through the Accelerator (NBA) inFY18and We launchedtheNew Business evolving customer expectations. explore new avenues to meet paradigm, andwe continuously At Cyient, innovation isacultural rm, Ansem.Through this rst crop in middleandseniormanagement fi Leadership (DIEL)program, inits Inclusivity, andEquity-driven recently launched Diversity, for Women atWorkplace.” The “Best Innovative Practices Award (UN-GCNI) withtheprestigious Global Compact Network India recognized bytheUnitedNations you thatour D&Ieff I amdelightedto share with training hours inFY19. clocked around 200,000corporate utilized 2,000+courses, and Nasscom Future SkillsPlatform, platforms suchasedX,NPTEL, partnerships withdigitallearning Our associatesleveraged Cyient’s develop future-ready associates. launched ahostofinitiatives to learning anddevelopment, Cyient diff competitive targeting performance (D&I) values, andcontinued its reinforce ourdiversity andinclusion eff strengthened itsbenchmarking our long-termvision,Cyient people practices thatsupport To buildsustainableand scalable strategy inFY19. pivotal to ourpeopledevelopment development programs have been and individual leadership career competency progression, thinking, successionplanning, strong leadership pipeline.Design programs continue to create a functioning, andourfl development isintegral to Cyient America respectively. Leadership institutions inIndiaandNorth partnerships witheducational through digitalcampaignsand fresh andindustry-ready talent Cyient expanded itsaccessto development. in every aspectofpeople set offorward-looking initiatives chalked outandimplementeda In FY19,Cyient meticulously rst cohort, willnurture 50women orts, introduced new benefi erentiation. To augment orts were agship ts to Foundation found itcriticalto Another area where theCyient village. and lifestyle ataCyient-adopted cardiac care andadvisories ondiet innovations to provide preventive initiative alsoleveraged healthcare grade. Cyient’s socialinnovation and zero dropouts upto eighth zero infant andtoddler deaths, with zero open-defecation, neighborhoods safe andsecure up goodmomentum. We made and urbancommunities picked Our initiative to nurture rural participants inFY18to 56%inFY19. Cyient DigitalCenters, from 42%of in ITliteracy training across 67 women participatedmore actively 4%. Itisparticularly gratifying that and overall dropouts decliningto these schoolsincreasing to 86% in theoverall passpercentage in say thatoureff through highschool.Iamhappyto 16,000+ children from pre-primary facilities inIndiaandsupporting government schoolsaround our educational initiatives, adopting25 We were consistent inour community, literacy, andhealthcare. in theareas ofeducation,skills, initiatives withever more vigor of driving oursocialresponsibility was yet anotherexceptional year recognition to ourbrand. FY19 tremendous satisfaction andgreat to supportsociety bringus Our commitment andtradition Corporate SocialResponsibility reputation. productivity, engagement,and inclusion enhancedourcreativity, that talenteff inclusion allowed usto engagewith to thebesttalentintown, while to diversity widenedouraccess mentoring schedule.Ouropenness roles through aone-year ectively. Diversity and ortshave resulted Founder andExecutive Chairman BVR Mohan Reddy Warm regards, our robust journey ofgrowth. associates, andsociety through to shareholders, customers, to delivering onourpromises Cyient remains deeply committed economy, Iwant to assure you that dividends to create aknowledge accelerated demographic is onthethreshold ofreaping promise to thenation,which Center bringsfresh hopeand As thenew government atthe Conclusion commitment. FY19, isfurthertestimony to that times more volunteering hours in associates, whopledgedover 2.5 The overwhelming support ofour the lives ofthousands ofpeople. that oursocialeff gave useven more confi CSR leadership/excellence awards coveted nationalandstate-level and statelevels. The much- received recognition atnational four ofouradoptedschools commitment andengagement, As we fi batch of300benefi currently operational withapilot Corporation (NSDC). The centeris of theNationalSkillDevelopment Skill Centeraspertheguidelines setting upofCyient UrbanMicro local partnerships resulted inthe employable. We empowering themto become (self-) urban andrural youth and imparting skillsto unemployed development. The focus ison to poverty alleviation isskill intervene asadirect response rmly increased oursocietal are gladthatour orts are touching ciaries. dence 9 Annual Report | 2018-19 Cyient identifi ed as a major contender in the everest group V&V engineering services peak matrix™ 2018

Our veriﬁ cation and validation (V&V) capabilities span multiple industries including aerospace, rail transportation, medical technology, hi-tech and electronics, industrial, oil & gas, and mining. The Everest PEAK Matrix™ Assessment 2018 used an objective, data-driven, and comparative assessment of global services providers in the engineering V&V space across embedded, software, hardware, and networks. THE POWER OF IDEAS

25 16,000 67 Schools supported Children enrolled Cyient Digital Centers Best Overall Excellence in CSR Award 2018 From National Awards 30,000 4,000 54% for Excellence in CSR People have access Cyient volunteers Girl child enrollment & Sustainability to IT education

The Cyient Foundation: Toward Sustainable Value Creation

There is a growing consensus among leaders today that business exists not just to be proﬁ table, but to make the world a better place to live. Purpose-driven organizations are known to do better on nearly every traditional metric: greater customer loyalty, higher retention, more innovation, and a healthier bottom line.

From developing initiatives that support education, digital enablement, women and girl child empowerment, and healthcare, to social innovation and community development, the Cyient Foundation had been at the core of creating sustainable value for all since 2002.

The next pages have our stories

Read about E Ravali, who studied Learn more about our Discover Mokshagundam, at a Cyient-supported school, CSR initiatives on the a smart village adopted and now teaches in one. next few pages. by Cyient. Annual Report | 2018-19 Annual Report

11 12 Annual Report | 2018-19 is only abeginning. water andeducation,thisvillage’s story and infrastructure to accessto drinking From improved healthcare facilities on track to becoming asmartvillage. Cyient-adopted Mokshagundam is Going Backto OurGrassroots Social Innovation andCommunity Development: as the20,000peopleinsurrounding areas. for themore than3,000residents ofthevillageaswell diagnostics, suchasanECGtest,was adistantdream at theirprimaryhealthcare center(PHC). Advanced had accessto themostbasichealthcare services Until recently, thepeopleofMokshagundam only Mokshagundam isonapathofconstant improvement. Vijayawada, asmall,nondescriptvillageof 150 kmfrom theclosestcitiesofKurnool and In thePrakasam districtofAndhra Pradesh, about THE POWER OFIDEAS and buildingsustainablecommunities inthenation’s hinterlandsisonly thebeginning. For Indiato achieve inclusive growth, ourvillagesmustgrow intandemwithcities. Goingbackto ourgrassroots out-patients. necessary infrastructure andmedicinesto the PHC andHomeoHospitalinthevillage,providing its residents. The Cyient Foundation supportsthe Things are diff the screening,” says Sreedevi, thePHCnurse. wanted to take thetestandinform themaday before “We usedto collect phonenumbers ofpatientswho machine brought from outsideonceamonth. Earlier thevillagers hadto doanECGcheckwiththe says TPeddi Reddy, theformer villagehead. to travel longdistancesfor theirhealthcare needs,” signifi our village,alongwithother facilities, thePHChas “Since 2015,whentheCyient Foundation adopted trained theprimaryhealthcare staff conditions for thepeopleofvillageandeven a device thatcandetectmore than50cardiac collaborated withCardiac DesignLabsto deliver aff to address three barriers to healthcare: access, the medicaltechnology andhealthcare communities ecosystem platform thatbringstogether members of As afounding partnerofMedTechConnect—an Social innovation inhealthcare: ordability, andavailability—the Cyient Foundation cantly minimized theneedfor people erent now for Mokshagundam and to usethedevice. technology-based learning. air-conditioned digitalclassrooms to facilitate for classrooms, improved sanitationfacilities, and equipped witheffi The Cyient-adopted schoolinMokshagudam is Access to quality educationisanenabler: toilets for every householdinMokshagundam. the Foundation worked withthegovernment to build work. Also, aspartoftheSwacch Bharath Abhiyan, administration successfully complete theCCroad at thevillage,Foundation helpedthe As partofourfocus oninfrastructure improvements Infrastructure development projects inplace: to homesacross thevillage. worked withtheadministration to supply pipedwater villagers ongroundwater recharge processes and Foundation hastaken necessarystepsto educate were dugto develop water harvesting pits. The Cyient drinking water through prepaid cards. Also, bore wells installation ofdispensingmachinesto supply potable the construction ofwater treatment plantsandthe The peopleofthevillagehave alsobenefi hand-inhand: Water availability andconservation go cient andoptimized infrastructure tted from 131

3 AnnualA Report | 2018-19 14 Annual Report | 2018-19 Coming Full-Circle Cyient Impact: The Cyient Foundation hopesfor thattoo. stays forever.” Cyient’s warm-hearted association withme at anotherCyient-adopted school.“Ihope engineering andalsoworks asavidya volunteer Today, Ravali isadiplomaholderincivil process,” sheadds. then thatIwould bepartofthat“giving back” back to society. Something clicked andIknew Independence Day andspoke aboutgiving Mr. BVR Mohan Reddy visitedourcampuson “When Iwas stillastudent, Cyient’s Chairman, diploma,” shesays. complete my engineeringstudies andearnthis aid. “WiththehelpofFoundation, Icould approached theCyient Foundation for fi It was thenthatRavali andherparents not allow herto take uptheprogram. in Vikarabad. However, fi Diploma program atthePolytechnic for Women 10, shewas selectedintheCivil Engineering her parents worked. Aftercompleting Grade Ravali startedstudying inthesameschoolwhere completing hereducationwas adistantdream. school inHyderabad. Withnoeconomic support, mother was acleaneratCyient-adopted Ravali’s father worked asawatchman andher school to teach,”shesays withasmile. school to learn,andnow Ihelpbefore goingto can remember. “Earlier Ihelpedbefore goingto It hasbeenthesameroutine ever sinceshe to theschoolwhere sheworks asavolunteer. mother withdaily chores before headingout E Ravali getsupearly eachday to helpher THE POWER OFIDEAS THE POWER OFIDEAS nancial constraints did nancial exercises. Conducting evening classesandraising awareness andhelpedstudents learnergonomic special lectures for girlsonmenstrualhygiene and hygiene awareness inCyient adoptedschoolswith She hasworked relentlessly to create healthand Jyothi hasdoneitall. fi conducting career counseling sessions, andinspiring summer campsatCyient-supported schoolsto From impartingcomputer educationandleading support programs initiatedbytheCyient Foundation. Sankham hasregularly contributed to thecommunity participants’ strong CSR volunteer team,Siva Jyothi An active memberofourmore than4,000 back to society, itbecomes justthatmucheasier. employed withanorganization thatardently gives voluntary work isnoteasy. However, whenyou are Balancing theresponsibilities ofafull-timejobwith Chain ofChange:ItBegins withUs nancially weak parents to educatetheirchildren, Siva THE POWER OFIDEAS the world we live in. have associateswhogo alloutto make adiff supported school.Cyient Foundation isprivileged to an artandcraft mentor for thestudents attheCyient- all ofSiva Jyothi’s sessions andisalready turning into Her nine-year-old daughterisanactive participantin programs Iwillbeconducting next.” morning akka' andenthusiastically askaboutthe welcome mewith'Namaskaram or“Good teacher” It’s sohumblingto begreeted bythesechildren who extracurricular activities for middleschoolstudents. for schoolvisitswithmy family whohelpconduct “Every month,thefi becoming involved inthecausesshebelieves in. Siva Jyothi hasalsoinvolved herfamily members in contributions. Such ishercommitment that road safety awareness are someofherregular rst andthird Saturdays are booked erence in 15 AnnualA Report | 2018-19 16 Annual Report | 2018-19 acquired a51%stake in2014. data sciencecompany (formerly namedInvati Insights),ofwhichCyient had (ASICs) designcompany. We alsoacquired a100%stake inCyient Insights, a custom analogandmixed-signal application-specifi a numberofkey acquisitions. We acquired AnSemN.V, a leadingfabless, This year saw anincreased momentum instrategy execution resulting in top clientcategoriesof1+Mn,5+and10+Mnclients. clients witnessedagrowth of8%YoY. We alsowitnessedadditionsacross of ₹15/share. Ourearningspershare for theyear stood at₹43.4.Ourkey fl EBITDA stood at48.4%resulting inthehighestever operating free cash ever PAT at₹4,898Mn,anincrease of14%YoY. Conversion offree cashto Aerospace &Defense businessverticals. We alsorecorded ourhighest performance intheSemiconductor, Communications, Transportation and grew by10.1%YoY inconstant currency. The growth was ledbyastrong key strategic initiatives anddelivered asolidperformance. Ourrevenue In thiscontext, FY19was astrong year. We madesignifi Services to Solutions. cycle, aswell asexpanding ouroff and providing greater ownership andaccountability across theproduct life implemented theS3strategy, whichfocuses onbuildingourcapabilities challenges thathave a larger societalimpact.To achieve thisvision, we matter” focuses onhelpingourclientssolve key businessandtechnological Our visionto ”apply technology imaginatively to solve problems that positioning inthemarket. signifi and adoptionofthesetechnologiesgives usauniqueopportunity to industries andchangetheway we work withourclients. The emergence VR), Artifi Things (IoT), DataAnalytics, Robotics, AugmentedandVirtual Reality (AR/ In thenext fi deliver diff business. Anumberofindustriesnow leverage technology inuniqueways to Over thelastcouple ofyears, technology hastransformed theway we do Dear Shareholders, CEO’S MESSAGE ow of cantly increase ourvalue proposition andcreate diff ₹ 3,770Mn.This year we alsodeclared ourhighestever dividend cial Intelligence(AI) andMachine Learning(ML),willdisruptmany erentiated products andservices. ve years, emerging technologies, suchastheInternetof erings across thevalue continuum from c integrated circuits cant progress on erentiated Managing Director &CEO Krishna Bodanapu 17 Annual Report | 2018-19 18 Annual Report | 2018-19 during thecourse oftheyear. and we willmonetize thesame at amature stageofdevelopment, developed afew solutions thatare and ML.Over thelastyear, we have cities, connected equipment,AI solutions, drone systems, smart VR, additive manufacturing, radar technologies suchasIoT, AR/ with afocus onhighgrowth 18 solutionsacross industries We are working ondeveloping solutions for ourclients’problems. new technologiesto develop NBA, we are focused onleveraging Accelerator (NBA) group. Aspartof through theNew Business continue to invest ininnovation part ofourstrategy, andwe Accelerating innovation isakey offi manufacturing capabilitiesand such aslabs, prototyping facilities, capabilities andinfrastructure to make investments inbuilding industry leader. We alsocontinue to strengthen ourpositionasan industry solutionsandcapabilities strategy bydeveloping specifi sharpening ourbusinessunit(BU) Over theyear, we made stridesin that fi business to focus onacquisitions leverage thecashavailable inthe and emerging technologies. We will Design LedManufacturing (DLM) software, connected technologies, capabilities inareas ofembedded comprehensive engineering strategy withafocus onbuilding we have awell laidoutM&A S3 continuum. Asanorganization strengthen ourportfolio across the requirements ofourclientsand also allow usto meetthecomplex manufacturing capabilities. They technologies, anddesign-led of engineering,emerging comprehensive ecosystem allow usto create auniqueand Cyient DLM.These acquisitions now meansCyient owns 100%of 26% stake inCyient DLMwhich We alsoacquired anadditional ces to drive strategy execution. ll thegapsin ourstrategy. c analysts. These achievements recognized bymajor industry awards andaccolades andwere Over theyear we alsowon many organization. leaders for higherroles withinthe that willhelpdevelop 50women the GlobalMentorship Program across geographies, including year we launchedmany initiatives (D&I) isgainingmomentum. Last improving Diversity andInclusion improvement YoY. Ourfocus on YoY, whileourASAT score saw a3% saw animprovement of4.7points surveys for FY19.OurCSAT score and associatesatisfaction (ASAT) the customer satisfaction (CSAT) perspective, we fared well onboth From astakeholder satisfaction basis ofhow we dothingsatCyient. Empowered) culture, forming the Inclusive, Leadbyexample and (Ambition, Growth Mindset, Transparency) andthe AGILE Integrity, Respect, Sincerity, and of Values FIRST (Fairness, framework ofourguidingprinciples We continue to operate withinthe focus onstakeholder satisfaction. From anexecution perspective, we the organization. developing leaders at all levels of is onempowering employees and for seniormanagement.Ourfocus and GlobalLeaders Program (GLP) managers, orSuccession Planning Leaders Program (BLP)for middle for new managers, Business Emerging Leaders Program (ELP) Time Managers (FTM) Program, the organization, suchastheFirst interventions across alllevels of We have identifi of leadership withinCyient. on developing thenext generation technologies, we are alsofocused Along withdeveloping key company’s EPS inthenear future. that itwillmaterially addto the traction andwe are confi Overall, theNBA isgarneringgood ed leadership dent Managing Director &CEO Krishna Bodanapu Thank you. commitment to ourstakeholders. and willcontinue to focus onour have astrong outlookfor FY20 achieve signifi execution positions uswell to Our innovation andstrategy ahead ofusto make adiff realize theimmenseopportunity the prospects ofthefuture and industries. We are excited about accelerating innovation across succeeding intoday’s market, while Every businessfaces challengesin solutions provider. medical technology andhealthcare Cyient’s positionasaleadingglobal recognition furtherstrengthens Services Assessment2019.The Medical Devices Engineering in Everest Group’s Peak Matrix: recognized asa“Major Contender” Along withthis, we were also Zone” infour key industryverticals. were placedinthe“Leadership the seventh consecutive year and “Overall Ratings” categoryfor our leadership positioninthe Expansive” player. We maintained recognized asan“Established and Services Report for 2018,we were In theZinnov Zones’ ER&D Aerospace &Defense lifecycle. innovation andgrowth across the Tech solutionsproviders for driving Top 20mostpromising Aerospace was alsorecognized among the Centre ofExcellence (CoE). Cyient success withinitsPratt &Whitney on excellence, innovation, and re Supplier Productivity.” The awards Innovation” and“Consistent Highest Productivity”, “Supplier supplier awards for “Supplier include Pratt &Whitney’s fl ect Cyient’s continued focus cant growth. We erence. 1 Towers,KRB 1to no 4&4A, Plot &Sells Haskins Deloitte Auditors Tel: +91 6764 40 1000 –500081 Hyderabad Infocity, Madhapur Layout Units 11, Software 4 Limited Cyient O Registered Corporate Information Flat No. 603, 6 603, No. Flat AssociatesGP Advisors Tax Tel: +91 2341 40 3376 –500016 Hyderabad Ameerpet Apartments, Sampathji #6-3-855/10/A, 4A No. Flat S Chidambaram AuditorSecretarial Tel: +91 6736 40 2000 –500081 Hyderabad Center, Madhapur iLabs Oval O &YoungErnst LLP Internal Auditors Fax: 7125 +91 (0)40 3601 Tel: 7125 +91 (0)40 3600 081 –500 Telangana Madhapur, Hyderabad, Tel: +91 2354 40 0822 –500033 Hyderabad Hills Banjara 2, No. Road Layout, HUDA 13 No. Plot Heights’, ‘Cyber st th , 2 Floor, ‘A’ Wing nd &3 ffi ce, 18 rd Floor, Jubilee Enclave, Floor, Jubilee ffi ce th Floor Tel: +91 6716 40 1562 –500032 Hyderabad Gachibowli District, Financial Tower 31&32 No Plot B, Selenium Karvy Limited Private Fintech Karvy Transfer Agents &Share Registrar Tel: +91 6764 40 1322 –500081 Hyderabad Infocity, Madhapur Layout Units 11, Software 4 PuttySudheendhra Compliance O & Secretary Company Tel: +91 2770 40 4935 Secunderabad – 500003 DeviSarojini Road 9-1-129/1, Plaza’ ‘Oxford of Commerce Bank Oriental 5720 Tel: +91 4000 40 Secunderabad – 500003 Sardar Patel Road ‘Queens Plaza’, 1 ‘Queens Citibank NA Tel: +91 6616 40 2077 –500082 Hyderabad Somajiguda Road, Bhavan Raj 1108, & 6-3-1107 Corporation Limited Banking Shanghai and Hongkong The Bankers th Floor, ‘A’ Wing, ffi cer st Floor 19 Annual Report | 2018-19 20 Annual Report | 2018-19 resolution withdigitaltech Streamline non-conformance THE POWER OFIDEAS helped aleadingaero OEMachieve annualsavings of$2.5million By o By ff ering effi ciency improvements ofupto 40%,oursolution to users. to provide role-based access premise andcanbecon fi deployed onthecloudoron- is alsohighly secure andcanbe engineering limits. The solution the process fl also helpsOEMs to error-proof transparent product life cycle. It ensures anautomated and The Quality Noti INNOVATE makes itdiffi Given itsfocus onsafety andcompliance, thehighnumberofQNsinaircraft enginemanufacturing process quality triggers anengineeringQuality Noti dimensions and/or materialsusedare discovered. The non-conformance ofaphysical product withitsrequired and standards, itisoftenonly inthebuild(manufacturing orassembling)phasethatdiscrepancies intermsofits In theA&Dindustry, whileeachcomponent ofanaircraft engineisdesignedaccording to certain parameters Ensuring High-Quality Manufacturing Processes inA&D manufacturing engineeringmanagers, production control teams, andquality inspectors. enables eff track non-conformance withmaterials, work-in-process orfi To overcome thisissue,Cyient designedadigitaltool thatenablesclientsto electronically document,manage,and time-consuming process. ective quality managementandcross-functional communication between inventory control managers, cult to apply corrective measures for theconcerned components effi ow withintegrated fi cation Solution gured and process stages. systems, sub-systems, vendors, visibility andinsightsacross dashboards provide real-time ineffi QNs to identifyprocess solution alsomonitors repetitive solutions (dispositions). The recommendations onpossible process oftheQNanddelivers that automates thedatareview model, we designedasolution By usingamachinelearning DISRUPT ciencies. The reports and fi cation (QN) to take remedial action. nished components. The Quality Notifi

processes. improving theireffi with manufacturing defects, applied to any industrythatdeals defects, oursolutioncanbe in addressing manufacturing A result ofyears ofexperience market andlower OPEX. process leadsto faster time-to- manufacturing andinspection 80% accuracy rate inthe in QNprocessing withover Signifi LEAD ciently andisoftenamanual, cant timereduction ciency and cation Solution 21 Annual Report | 2018-19 22 Annual Report | 2018-19 augmented andvirtual reality Tune into thefuture with THE POWER OFIDEAS manufacturing cycle times. reducing defects and complex assembly processes, their workforce rapidly on Businesses cantrain andscale training appsandtools. processes into immersive CAD models, andcomposite of technicalpublications, solution accelerates conversion Development Platform. Our Cyient’s AR/VR Application content for theworkforce with Develop anddeploy AR/VR INNOVATE and maintenanceerrors, improve quality andsafety, andsave cost. tablets, andmobilephonesbecome powerful, eff Cyient’s AR/VR applicationshelpbringproduct, process, andoperations information to life. AR/VR headsets, close thebarriers ofdistanceandscaleworkforce expertise more quickly. Withourextensive domainexperience, operating costs. Virtual reality training andaugmentedreality workforce applicationscanhelpsimplifyoperations, Additionally, production andmaintenanceleaders are underconstant pressure to increase productivity andreduce even promote inthemarket. off Today, industriesare usingthistechnology to solve real-world operating challengesorto enhancetheirproduct Augmented reality (AR) andvirtual reality (VR)applicationsare nolongerfuturistic experiences ofsciencefi Enabling Reality-Led, Immersive Workforce Experiences erings ininnovative ways. New products are becoming increasingly complex to assembly, service,inspect,and of new products. touch, andexperience thevalue AR/VR appscanhelpsee,hear, towers, andaircraft engines, as medicalequipment,telecom products orinfrastructure such environment. For complex into a3Dmodelorsimulated transform astaticexperience and marketing appscan 3D experience. AR/VR sales or systems withadynamic Drive salesofnew equipment DISRUPT ective, andcollaborative workforce tools to minimize production

equipment. inspect complex orhazardous safely install,operate, test,or apps helpourclientsinthefi and supportteamson-site.AR connect withproduct experts and information, orpromptly real-time product updates support customers andprovide businesses canreach farther to With Cyient’s AR/VR platform, LEAD eld ction. 23 Annual Report | 2018-19 24 Annual Report | 2018-19 telecom networks Future-ready THE POWER OFIDEAS network KPIs. needed to getinsightsonthe reduces theturnaround time modules. This signifi post-processing andreporting interface withautomated solution provides auser-friendly radio bandsduringtesting.The time messagesfrom disparate records anddecryptsreal- Performance Analyzer solution technologies, Cyient’s Network Based entirely onopensource INNOVATE especially intheera of5G,resulting inconsequent commercial benefi Performance Analyzer solution,CSPs cannow drive theentire process to ensure eff exhaustive setofKPIsfor measurement ofthesemetricsthatneedto beaccentuated. WithourNetwork the network quality. Cyient’s IPinnetwork planningbringstherighttools andtechniquesto capture an network transformation. Itiscriticalto jointly defi This constant focus onquality makes itcriticalfor CSPs to looktoward partners whocanhelpmanagethis transformational changesinthenetwork. eff Service Provider (CSPs) undertake several stepsto improve andensure premium network quality—from Telecom networks are notstaticandtheirquality isimpactedbymultiplefactors. Communications Enhancing ExperiencewithImproved Network Quality ective network roll-out planning,continuous maintenanceofthenetwork KPIs, to short- andlong-term cantly assessment. mechanism for network and provides acost-eff on anAndroid handhelddevice solution canbesimply deployed 3GPP R-12 specifi VoLTE/MIMO/CA) basedon technologies (mainly LTE/ on thelatestMobility Radio measurement ofnetwork KPI IP inwireless planningenables traditional approaches, Cyient’s As opposedto employing DISRUPT ne network performance elementsandobjectively quantify cations. The ective ts intheform ofreduced customer churn.

management. enhances customer experience Net Promoter Score and This signifi and benchmarknetwork quality. parameters andpredict, plan, KPIs—measure key network CSPs to evaluate network eff a quick,easy, andcost- The solutionprovides LEAD ective mechanismfor ective network planning, cantly improves 25 Annual Report | 2018-19 26 Annual Report | 2018-19 operational andsafety risks Minimize assetdowntime and THE POWER OFIDEAS con architecture inmulti-asset by creating afl reduce datatransmission costs invasive machinevision,and prevent accidentswith non- that hadbeenvisually obscured, wear-based lossofequipment predictive maintenance, detect enable adigitalworkforce using off Our Connected Equipment INNOVATE increased operational safety andeffi Equipment off operators mustfi Within acompetitive marketplace, originalequipmentmanufacturers (OEMs), andequipmentowners and Equipment Building Operational IntelligencewithConnected ensure stronger management,safety, compliance, andsecurity capabilities. services, andeven buildadditionalrevenue models, improve operational excellence, create adigitalworkforce, and a connected equipmentstrategy, clientscanenhancetheircustomer experiences, off connectivity, andassethealth monitoring, ouroff ering hashelpedourclients fi gurations. ering helpsorganizations respond to market demandssuchasoptimized equipmentuptime, exible master nd creative ways to drive businessgrowth andeffi ciency, andreduced operating expenses. Combining advanced analytics, IoT

to modifywarranty support. oil, etc.)usedonequipment consumable media(fi failure, andverify approved for monitoring equipment with anautomated system management, increase safety damage withimproved risk downstream equipment proactive approach, prevent operations from areactive to transform maintenance Our clientscannow DISRUPT ering enablessafer, smarter, andmore reliable equipment.With lters, ciency withminimalrisk.Cyient’s Connected management. operations centerfor asset and buildingadedicatedOEM achieving safety excellence, equipment performance, customers to track andevaluate equipment uptime,allowing end marketplace bymaximizing to claimaleadership role inthe This off LEAD er new digitalproducts and ering willenableclients 27 Annual Report | 2018-19 28 Annual Report | 2018-19 Gear upfor Industry4.0 THE POWER OFIDEAS safety, andreduce costs. resources, improve workplace downtime, to optimize equipment failures and companies to minimize Maintenance solutionsallow clients. Cyient’s Preventative and preventive actionsfor drive proactive diagnostic and AIalgorithmsto help analytics, machinelearning, endpoints andapply data from IIoT-enabled Our datascientistsprocess INNOVATE from bigdata,Cyient isadigitalsolutionspartnerfocused onyour outcome. development, anddeployment. Whetherjuststartingonadigitaljourney orlookingto getmore insights client challenges. Ouroff Cyient combines industry-specifi systems, andprovides asolidreturn oninvestment. to implementationthatminimizes disruption,provides security, is protocol. Companies understand thebene machinery andoperations, product diversity, andvarying optimalconnectivity andcommunications Implementing IIoTinindustrialenvironments comes withuniquechallengesincludinghighly complex a network ofendpointsto collect andutilize datato drive smarterbusinessdecisions. In thedigitalage,IndustrialInternetofThings orIIoT, connects companies to theirphysical assets, creating Driving IoT-Enabled Decision-Making ering startswithassessingrequirements andseesclientsthrough to design, c domainexperience withdigitalandanalytics expertise to solve unique expenditures. loss prevention, andreduced improved operating effi dashboards thatenable analytics andapplication aggregate itcentrally, utilizing collect dataonassetsand Solutions leverage IIoTto Tracking andManagement be expensive. Cyient’s Asset inventory, orrepair facilities can in thefi Tracking capitalintensive assets DISRUPT fi ts IIoTcanbringto theirecosystem butwant asimpleapproach eld, factory operations, ciency, fl exible to work withtheirexisting make smarterdecisions. cost savings, reduce risk,and solutions helpclientsrealize Remote AssetMonitoring expense forecasting. Cyient’s and downtime, andfacilitate calls, reduce equipmentfailure insight helpsprioritize service in theirperformance. This alert companies to changes performance profi data patterns, health, and Monitoring anasset’s historical LEAD les canhelp 29 Annual Report | 2018-19 30 Annual Report | 2018-19 reach untappedmarkets Healthcare technologies THE POWER OFIDEAS accuracy oftheanalyzer. compromising thereliability or obtained theseresults without reducing analysis time.Cyient one microlitre, whilealso and avolume precision of precision ofonemicrosecond their throughput withatime 35 seconds, nearly doubling eight measurements injust enabled ourclientto conduct The new protein analyzer INNOVATE product cost was reduced to fi process automation andreduction insample-time analysis. By developing alocalized supply chain,the frame intheIndianmarket. Ourteamleveraged expertise inplatform engineeringtechniquesto enable management, andcost reduction whilealsoensuringtheproduct was launchedwithina15-monthtime We supportedthetechnology transfer ofthe product, incorporating new features, obsolescence with majorcomponent obsolescence. simultaneous measurement ofeightsamples. This legacyproduct was designedfor developed markets, protein analyzer thatcantestfor upto 40parameters, includingHbA1candCRP, andalsoenables Cyient helpedanIndia-basedinvitro diagnosticscompany design,develop andmanufacture atabletop Designing aProtein Analyzer for Emerging Markets t theconstraints ofaprice-sensitive localmarket. signifi more effi the product partswere sourced supply chaininIndiaandChina, targets. By establishingthe client achieve desired cost mechanical partsto helpour redesigned more thanfi not cost-competitive. Cyient manufactured overseas, itwas Since theanalyzer hadbeen DISRUPT cant reduction incosts. ciently, leadingto a fty local market. suitable for thedemandsofa of aproduct thatwould be ultimately supportedthelaunch product cost by15%,Cyient obsolete parts, andreduce the protein analyzer, remediate additional features into its By helpingourclientincorporate LEAD 31 Annual Report | 2018-19 32 Annual Report | 2018-19 device for increased rail safety A one-stop cabevent response output – Uwe Guenther, CPO, Deutsche Bahn to ensure thiswillbealsothecaseinfuture byputting ourjointfocused eff represent thesafest transport modestatistically. Itisimperative for thecontinued successoftherail industry We atDeutscheBahn believe thatsafety iskey for therail segment.Ourindustryisproud thatwe embracing technology for increased safety in rail. happy to seethatCyient asengineeringsolutionsprovider intherail industryistakinganothersteptoward THE POWER OFIDEAS orts onthisimportantaspect.Iam generic devices. requirements—whether for new builds, refurbishment ofexisting builds, orfor substitution ofincumbent scalable architecture accommodates optionsto plugsmartandintelligentfeatures to suitspeci preconfi scalable supplementaryalarmnotifi Cycero INNOVATE train driver goesunnoticed.Cycero in ensuringthesame.Cyient hasintroduced adevice thatsupportsensuringnoalarmraised for the Passenger andassetsafety ishighly criticalintherailway industry, withthetrain driver playing amajorrole Enabling Safer Train Journeys for Passengers features ofthisdevice. upgradation are few ofthekey tone confi input triggerprioritization, based onambientnoise, Automatic soundadjustments among itscontemporaries. and fl it oneofthemostadvanced the-art technology making exible alarmunits TM gured tones associatedwithspecifi leverages state-of- guration, remote cation solutionfor thetrain driver. Cycero alertsthedriver byplaying TM , Cyient’s CabEvent Response Output,isamore reliable yet highly

Cycero reduce operational cost. opportunity to signifi providing customers the an additionalsource ofinput, features anEthernet portas in driver cabs. The device generic alarmunitsinstalled substitute to theprevailing con DISRUPT fi c events prompting immediatecorrective action.The modularand gurable, and expandable TM isareliable, cantly and reliability inrail. knowledge for enhanced safety approach leveraging our domain operations andmaintenance is basedonanoptimized after salesservice.Cycero system integration support,and to meetclientrequirements, covering device confi provides end-to-end off integration expertise, Cyient sub-system designandvehicle Leveraging 15years of LEAD fi c customer guration ering, TM

33 Annual Report | 2018-19 34 Annual Report | 2018-19 into acommunication cable Chip thatconverts any wire THE POWER OFIDEAS fl future requirements anddeliver ready to meetcurrent and developing asolution that is were ableto resolve thisby to +125°C.Ourengineers of temperatures, from -45°C losing dataover awiderange at avery highspeedwithout any wire isconverting signals enabling communication over The biggestchallengein INNOVATE TV signalsatamuchhigherspeed. now useexisting wiringlike phonecables, coaxial cable,andpower cablesattheirhomesto drive interactive supports arange ofin-housewires andovercomes traditional limitations. Withoursolution,endcustomers can standard protocols. Usingorthogonalfrequency-division multiplexing (OFDM) modulatedsignals, thissolution developing anon-chipintegrated analogfront end(AFE) thatwas designedto adaptto existing andfuture multi- But, whatifcustomers were ableto reuse existing wiring?At AnSem,aCyient company, we solved thisproblem by connections strain thebudgetanddamagewalls. connection inevery room. Unfortunately, wireless communication oftenisnotsu concurrent users, andimprove imageandconnection quality, many homesrequire areliable high-speed digital connectivity andinteractive television across theuser’s home.To meettheneedsofanincreased numberof Today, internetserviceproviders (ISPs) off Enabling VideoOnDemand—Anywhere intheHome awless viewer experiences. any wire. enables communication over helped usbuildachipthat This disruptive technology automatically onthechipitself. solution capableofcalibrating accurate signalconversion speed (400Mbps),highly designed adisruptive high- sacrifi design phasewithout model duringthearchitectural a fullMATLAB™ system The solutionincludedbuilding DISRUPT er total communication andentertainmentsolutions, enablingmobile cing performance. We in theirhomes. over theexisting wire networks to openmultipleapplications which allowed concurrent users outputs over thesamewire, enabled multipleinputsand long-distance coverage. Italso ensuring higherdatarates and power cablesare exposed to, under harsh conditions that effi We designedthechip to LEAD ciently handle signals ffi cient, andaddingwired 35 Annual Report | 2018-19 36 Annual Report | 2018-19 performance andreduced costs X-Band TRM for increased THE POWER OFIDEAS processes andcosts. architecture to optimize along withamodular surface mountcomponents commercial off hybrid PCBtechnology and module—uses high-quality, Cyient TRM—a single-channel highly-skilled workforce, the specialized machines, and chip andassembly processes, manufacturing requires costly While conventional TRM INNOVATE Cyient’s X-Band TRM canprovide avaluable boostto performance whilereducing manufacturing costs. for intelligence,surveillance, andreconnaissance (ISR)radar systems. Unlike conventional TRM modules, uses commercial, non-ITAR components thatspeedqualifi Module increases power effi surveillance system costs whileremaining competitive inperformance. Cyient’s Transmit andReceive Cyient isdriving auniqueapproach to manufacturing byhelpingOEMs signifi to steerbeamsandcontrol power. amplitude ofRadio Frequency (RF)signaltransmission andreception andinterfacing withradar electronics building blocksfor Active Electronically ScannedArray (AESA) radar systems, adjustingthephaseand systems are lookingto innovate bothintechnology andcost. Transmit/Receive Modules (TRMs) are key Commercial Aerospace &Defense applicationsofradar technology are expanding, andOEMs for radar Maximizing Productivity ofRadar Surveillance Systems -the-shelf ciency withGaNMMICpower amplifi costs. simplify processes whilesaving performance modulesthat is leadingtheway withhigh- increased complexity. Cyient component availability, and often expensive, have limited not require ITAR compliance are components. Systems thatdo for moduleswithITAR-free OEMs have limitedoptions free radar systems islarge, While themarket for ITAR- DISRUPT cation andprovide anITAR-free moduleoption ers; is20%lower inmoduleweight; and cantly bringdown radar conventional off at animproved cost over reduced size andlower weight high quality andreliability, providing advanced technology, with ourX-Band TRM solution, experience come together knowledge, andengineering Our domainexpertise, market design, build,maintainphases. the A&Dindustryacross the partnerships withleaders in Cyient haslong-standing LEAD erings. 37 Annual Report | 2018-19 38 Annual Report | 2018-19 for Utilities Data monitoring solution THE POWER OFIDEAS continuity andsafety. detection iscriticalfor service monitoring—where change management, andcrop health infrastructure, water resource across areas includingutility solutions are beingleveraged and machinelearning.These geospatial changesusingAI data setsto detectsubtle that analyze opticalandSAR We have developed solutions INNOVATE providing consistent levels ofchangedetection. what isvisibleto thehumaneye byhighlightinghiddendetails;andcanpenetrate cloudcover, day ornight, Satellite imageryprovides bothmulti-bandopticalandradar (SAR) data.SAR enablesanalysis beyond real timeaddssignifi to leverage thisincreased dataavailability. In particular, theability to analyze dataandgaininsightsinnear- The geospatialindustry, driven bytheexponential growth ofartifi advanced satellitesystems today provide unrivaled scale,cadence,andeconomy. the environment isnot for theexclusive useofgovernment anddefense organizations any longer. Moreover, landscape for Earth observation. The ability to closely monitor andanalyze assetsandremote sensingof The increased availability andfrequency ofsatellitedataover thelastfew years hasirrevocably changedthe Leveraging Satellitesfor Field AssetSafety cant value for time-criticalprocesses. and satellitesprovide. monitoring thatremote sensing when compared to thereal-time off costly, resource-intensive, and conventional methodsare for changedetection.These aerial andground inspections to traditional methodsof remote sensingalternatives and more clientsconsidering a burgeoning area withmore Satellite datamonitoring is DISRUPT er only aperiodicsnapshot cial intelligence(AI), isuniquely positioned alone. apparent onvisualinspection to assets, whichwould notbe intelligence to address changes from time-lapsedbusiness fi respond proactively to risksto costs, adaptquickly, and able to reduce operational detection solutionshave been remote sensingchange Clients wholeveraged our LEAD eld assets. They alsobenefi t 39 Annual Report | 2018-19 40 Annual Report | 2018-19 Executive Chairman BVR Mohan Reddy diversity undertheirguidance. interests ofourstakeholders. Cyient hasbeengrowing inscaleand diff value. The Board ensures thatthecompany makes apositive of thecompany andhelpitachieve sustainablegrowth inmarket The Cyient Board ofDirectors iscommitted to servingthegoals DIRECTORS BOARD OF Appointed in1991 erence to theindustriesitserves andupholdsthelong-term Managing Director &CEO Krishna Bodanapu Appointed in2014 Non-Independent Director Non-Executive MM Murugappan Appointed in1997 Independent Director Vikas Sehgal Non-Independent Director Non-Executive Alain DeTaeye Appointed in2018 Appointed in2010 Independent Director Som Mittal Independent Director Matangi Gowrishankar Appointed in2019 Appointed in2014 Vinai Thummalapally Independent Director Vivek NGour Independent Director Appointed in2017 Appointed in2019 41 Annual Report | 2018-19 42 Annual Report | 2018-19 design innovative, high-value solutionsfor ourclients. business landscape,combining strategies anddatascienceto new opportunities for Cyient inthedynamic anddigital The seniorleadership teamisattheforefront ofnurturing LEADERSHIP SENIOR President -Corporate Aff Sr. VP-Energy &Utilities B AshokReddy & Infrastructure Katie Cook airs President -NorthAmerica Sr. VP-UTCAccount & Ajay Aggarwal President &CFO Tom Edwards Marketing, andMD&CEO, CSS Sr. VP-Rail Transportation Managing Director &CEO Sr. VP-Corp. Strategy & Krishna Bodanapu Prabhakar Atla NJ Joseph President -Industrial&Geospatial Sr. VP-Communications & Sr. VP-Semiconductor, Sanjay Krishnaa Suman Narayan & President EMEA President -APAC IoT andAnalytics John Renard Sr. VP-MD&CEO, Cyient DLM Sr. VP-Aerospace &Defense Anand Parameswaran Sunil Kumar Makkena Rajendra Velagapudi Sr. VP-Operations Sr. VP-Medical Technology Dr. PNSV Narasimham VP &Head-New Business Sr. VP-GlobalHuman Accelerator (NBA) and Healthcare Brian Wyatt Jan Radtke Resources 43 Annual Report | 2018-19 44 Annual Report | 2018-19 Cyient receiving Pratt &Whitney Supplier Awards, 2018 AWARDS AND ACCOLADES Matrix™ Assessment,2019 For "Commendable Performance" Summit hostedbytheUNGlobal category attheGenderEquality Best Innovative Practices In the“Women atWorkplace" in theEngineeringSolutions Medical Device Engineering Everest Group’s Peak John Deere Supplier "Major Contender" inthe Compact Network, India Services category Recognized asa Award, 2018 Award, 2018 category

Presented to Executive Chairman, Software EnterprisesAssociation BVR Mohan Reddy, byHyderabad In theBestRailway Signaling Lifetime Achievement Design Company category Rail &Road Transport Award, 2018 Award CFO of theYear Award and Excellence inFP&A Award Pratt &Whitney Supplier Service Provider 2018Report Highest Productivity, Supplier In three categories:Supplier Innovation; andConsistent Leadership Summit 2018 Recognized intheTop 10 At theCFO Executive Telecom Engineering Supplier Productivity Awards, 2018 HfS Research t 45 Annual Report | 2018-19 CSS WON ITS FIRST ORDER FROM INDIAN ARMY FOR THE SPYLITE MINI UAS, AUGUST 2018

Cyient Solutions & Systems (CSS), a joint venture between Cyient and BlueBird Aero Systems, Israel, received its ﬁ rst order from the Indian Army for its SpyLite mini UAV systems—the only system to pass the army’s extremely-high-altitude trials.

CSS’ SpyLite is an advanced, combat-proven, electric, mini unmanned aerial system optimized to off er extended range real-time visual intelligence. Fully autonomous, from launch to accurate parachute recovery, the system delivers enhanced reliability even in severe weather conditions. Notice ofAnnualGeneral Meeting “RESOLVED THAT pursuant to theprovisions ofsections . To consider andifthoughtfi 5. Special Business Notice ishereby given thatthe28 “RESOLVED THAT pursuant to theprovisions of theauditedstandalonefi a. To receive, consider andadopt: 1. Ordinary Business Telangana, to transact thefollowing business: Plot No.2, ITPark, Manikonda, Hyderabad – 500032, 6 June2019at3:00p.m.L&DCentre (Company’s Campus), of theshareholders ofthecompany willbeheldonThursday, . To consider andifthoughtfi 4. To appointaDirector inplaceofMr. M.M.Murugappan 3. 2. To con fi theauditedconsolidated fi b. 149, 150,152andany otherapplicableprovisions ofthe resolution: modifi and theauditors.” agreed between theboard ofdirectors ofthecompany incurred inconnection withtheauditasmay bemutually applicable taxes andactual outofpocket expenses to beheldintheyear 2024atsuchremuneration plus conclusion of33 the conclusion ofthisAnnualGeneral Meeting tillthe Statutory Auditors oftheCompany commencing from 101049W/E300004) beandishereby appointedasthe Chartered Accountants (Firm Registration No. FRN of theCompany, M/s. S.R Batliboi&AssociatesLLP, of theAuditCommittee andofBoard ofDirectors being inforce), andpursuant to therecommendations modifi (Audit andAuditors) Rules, 2014(includingany statutory any, oftheCompanies Act,2013read withCompanies sections 139,142andallotherapplicableprovisions, if resolution: modifi liable to retire byrotation. eligible, off (DIN: 00170478),whoretires byrotation andbeing fi and declare thefi nancial year 2018-19. directors andtheauditors thereon 2019 together withthereports oftheboard of the company for thefi thereon. 2019, together withthereport oftheauditors the company for thefi cation(s), thefollowing resolution asanordinary cation(s) orre-enactment thereof for thetime cation(s), thefollowing resolution asanordinary rm theinterimdividend paidduringtheyear ers himself for re-appointment asaDirector rd nal dividend onequity shares for the (Thirty third) AnnualGeneral Meeting nancial year ended31March nancial year ended31March t to passwithorwithout t to passwithorwithout th AnnualGeneral Meeting nancial statementsof nancial statementsof “RESOLVED THAT pursuant to theprovisions ofsections To consider andifthoughtfi 7. “RESOLVED THAT pursuant to theprovisions ofsections To consider andifthoughtfi 6. by theBoard ofDirectors witheff was appointedasanAdditionalDirector oftheCompany Regulations”), Mr. Vikas Sehgal (DIN:05218876),who Disclosure Requirements) Regulations, 2015(“Listing and Exchange Board ofIndia(ListingObligationsand IV to theActandRegulation 16(1)(b)oftheSecurities thereof for thetimebeinginforce) read withSchedule (including any statutory modifi (Appointment andQualifi Companies Act,2013(“the Act”) andtheCompanies 149, 150,152andany otherapplicableprovisions ofthe resolution: modifi rotation, for atermfrom 25April2019to 24April2022.” Director oftheCompany, notsubjectto retirement by Director, beandishereby appointedasanIndependent proposing herappointmentto theo Company hasreceived anoticein writingfrom amember Act andListingRegulations andinrespect ofwhomthe meets thecriteriafor independence asprovided inthe Meeting andwhohassubmitted adeclaration thatshe and whosetermofoffi from 25April2019intermsofSection161(1)theAct 2021.” rotation, for atermfrom 17October 2018to 16October Director oftheCompany, notsubjectto retirement by Director, beandishereby appointed asanIndependent proposing hisappointmentto theoffi Company hasreceived anoticeinwritingfrom amember and ListingRegulations and inrespect ofwhomthe the criteriafor independenceasprovided inthe Act and whohassubmitted adeclaration thathemeets term ofoffi 2018 intermsofSection161(1)theActandwhose of theCompany bytheBoard of Directors withe 01518137), whowas appointedasanAdditionalDirector Regulations”), Ms. Matangi Gowrishankar Disclosure Requirements) Regulations, 2015(“Listing and Exchange Board ofIndia(ListingObligationsand IV to theActandRegulation 16(1)(b)oftheSecurities thereof for thetimebeinginforce) read withSchedule (including any statutory modifi (Appointment andQualifi Companies Act,2013(“theAct”)andtheCompanies 149, 150,152andany otherapplicableprovisions ofthe resolution: modifi cations(s), thefollowing resolution asanordinary cations(s), thefollowing resolution asanordinary ce expires attheAnnualGeneral Meeting ce expires attheAnnualGeneral cation ofDirectors) Rules, 2014 cation ofDirectors) Rules, 2014 t to passwithorwithout t to passwithorwithout cation(s) orre-enactment cation(s) orre-enactment ect from 17 ffi ce of Independent ce of Independent

October (DIN: ff ect 47 Annual Report | 2018-19 48 Annual Report | 2018-19 “RESOLVED THAT pursuant to theprovisions ofSections To consider andifthoughtfi 8. “RESOLVED THAT pursuant to theprovisions ofsections To consider andifthought fi 9. by theBoard ofDirectors witheff was appointedasanAdditionalDirector oftheCompany Regulations”), Mr. Vivek N.Gour(DIN:00254383),who Disclosure Requirements) Regulations, 2015(“Listing and Exchange Board ofIndia(ListingObligationsand IV to theActandRegulation 16(1)(b)oftheSecurities thereof for thetimebeinginforce) read withSchedule (including any statutory modifi (Appointment andQualifi Companies Act,2013(“the Act”) andtheCompanies whose offi second termfrom 6June2019to 6February 2022 and Executive Director oftheCompany to holdoffi and ishereby re-appointed asanIndependentNon- time to timeandwhoiseligiblefor reappointment, be Requirements) Regulations, 2015,asamendedfrom 16 oftheSEBI(ListingObligationsandDisclosure as provided inSection149(6)oftheActandRegulation declaration thathemeetsthecriteriaofindependence Executive Director oftheCompany whohassubmitted a 2015, Mr. Som Mittal (DIN:00074842),IndependentNon- Obligations andDisclosure Requirements) Regulations, IV to theActandRegulation 16(1)(b)oftheSEBI(Listing thereof for thetimebeinginforce) read withSchedule (including any statutory modifi (Appointment andQualifi the Companies Act,2013(“Act”) andtheCompanies 149, 150,152andany otherapplicableprovisions of resolution: modifi term from 25April2019to 24April2022.” the Company, notsubjectto retirement byrotation, for a and ishereby appointedasanIndependentDirector of appointment to theoffi received anoticeinwritingfrom amemberproposing his Regulations andinrespect ofwhomtheCompany has for independenceasprovided intheActand Listing has submitted adeclaration thathemeetsthecriteria offi in termsofSection161(1)theActandwhoseterm of Mr. B.V.R. Mohan Reddy (DIN00058215)asExecutive members beandishereby accorded for theappointment Managerial Personnel) Rules, 2014,consent ofthe the Companies (Appointment andRemuneration of V (asamendedfrom timeto time)to thesaidActand of theCompanies Act,2013(Act), read withSchedule 196, 197,203andotherapplicableprovisions, ifany, resolution: modifi ce expires attheAnnualGeneral Meeting andwho cation(s), thefollowing resolution asa cation(s), thefollowing resolution asa ce shallnotbeliableto retire byrotation”. ce ofIndependent Director, be cation ofDirectors) Rules, 2014 cation ofDirectors) Rules, 2014 t to passwithorwithout t to passwithorwithout cation(s) orre-enactment cation(s) orre-enactment ectfrom 25 th April,2019 ce for ce special special Salaryshallnotbelessthan` I. Gratuity ispayable aspertherulesof e) Gratuity Company’s Fees ofClubpayable aspertherulesof Contribution d) Provident Fund, Pension Fund & to For selfandfamily, onceinayear inaccordance Provident Fund, Leave Travel Concession /allowance c) Club b) Fees Reimbursement ofmedicalexpenses actually a) Medical Reimbursement Perquisites asfollows willbepaidand/or provided III. The Percentage ofnetprofi II. 31 Chairman for aperiodwitheff st March, 2020ataremuneration asdetailedbelow: Salary the salaryshallnotexceed ` industry trends, subjecthowever thatinnocase, progressively goupsubjectto hisperformance and Fifteen lakhsonly) permonth.The salarymay as perIncome Tax Rules: reasonable accuracy theperquisites shallbevalued amount ofexpenditure cannotbeascertainedwith company. However, incaseswhere theactual in termsofactual expenditure incurred bythe in additionto salary. Perquisites shallbevalued Perquisites force andany amendmentsthereto. V to thesaidAct,asmay for thetimebeing,bein applicable provisions oftheAct,read withschedule from timeto timeundersection196,197andother fi perquisites, commission andallowances) inany one subject to thetotal remuneration (i.e., salary, Committee /Board ofDirectors ofthecompany, the Leadership, Nomination&Remuneration as commission payable shallbedeterminedby Commission Twenty Five lakhsonly) permonth. nancial year shallnotexceed thelimitsprescribed company. the rulesofcompany. Pension Fund &Superannuation Fund asper Superannuation Fund company. with therulesofcompany the company incurred for selfandfamily aspertherulesof ect from 24 April2019till ts ofthecompany 5,000 (Rupees 25 ,00,000 15,00,000 (Rupees “RESOLVED THAT pursuant to theprovisions ofsections 0 To consider andifthoughtfi 10. Two months’noticeshallberequired, oneitherside VII. Intheevent oflossorinadequacyprofi VI. That thetotal remuneration (i.e., salary, perquisites, V. Onfullpay andallowances aspertherulesof IV. Useoffully maintainedcompany’s carwith Reimbursement of g) residential Telephone telephone f) Car Managerial Personnel) Rules, 2014,consent ofthe the Companies (Appointment andRemuneration of V (asamendedfrom timeto time)to thesaidActand of theCompanies Act,2013(Act), read withSchedule 196, 197,203andotherapplicableprovisions, ifany, resolution: modifi for terminationofservice.” Termination the timebeing,beinforce. modifi by ScheduleVto theAct,includingany statutory perquisites andotherallowances shallbegoverned of service,thepayment ofsalary, commission, any Minimum Remuneration committee. by theLeadership, Nomination&Remuneration desired byMr. B.V.R. Mohan Reddy andaccepted the individual components may bechangedas directors. Further, withintheoverall remuneration, Nomination &Remuneration committee of directors ontherecommendation ofLeadership, shall bedeterminedanddecidedbytheboard of with respect to payment ofremuneration thesame doubt /discrepancy /clarifi force andany amendmentsthereto. Incaseofany V to thesaidAct,asmay for thetimebeing,bein applicable provisions oftheActread withSchedule time to timeundersections196,197andother year shallnotexceed thelimitsprescribed from commission andallowances) inany onefi Overall Remuneration every 11monthsofservice. Company, notmore than onemonth’s leave for Other Benefi cation(s), thefollowing resolution asa fi Use ofonemobilephonefor offi purpose shallnotbeconsidered asperquisite. bills atactuals. Useoftelephonefor offi chauff nancial year during thecurrency oftenure cations orre-enactment thereof, asmay, for eur andfuelreimbursement ts t to passwithorwithout cation thatmay arise cial purpose. nancial special t, in ts, cial Salaryshallnotbelessthan` I. Fees ofClubpayable aspertherulesof For selfandfamily, onceinayear inaccordance Leave Travel Concession /allowance c) Club b) Fees Reimbursement ofmedicalexpenses actually a) Medical Reimbursement Perquisites asfollows willbepaidand/or provided III. The Percentage ofnetprofi II. Company’s Contribution to Provident Fund,

detailed below: years witheﬀ Director &ChiefExecutive Oﬃ of Mr. KrishnaBodanapu(DIN:05301037)asManaging members beandishereby accorded for theappointment

Salary as perIncome Tax Rules: reasonable accuracy theperquisites shallbevalued amount ofexpenditure cannotbeascertainedwith company. However, incaseswhere theactual in termsofactual expenditure incurred bythe in additionto salary. Perquisites shallbevalued Perquisites force andany amendmentsthereto. V to thesaidAct,asmay for thetimebeing,bein applicable provisions oftheAct,read withschedule from timeto timeundersection196,197andother fi perquisites, commission andallowances) inany one subject to thetotal remuneration (i.e., salary, Committee /Board ofDirectors ofthecompany, the Leadership, Nomination&Remuneration as commission payable shallbedeterminedby Commission Remuneration committee ofdirectors. recommendation oftheLeadership, Nomination& con Twenty lakhsonly) permonthsubjectto the case, thesalaryshallexceed ` and industrytrends, subjecthowever thatinno progressively goupsubjectto hisperformance Twelve lakhsonly) permonth.The salarymay d) Provident Fund, Pension Fund & nancial year shallnotexceed thelimitsprescribed fi rmation oftheboard ofdirectors basedonthe c with therulesofcompany the company incurred for selfandfamily aspertherulesof the rulesofcompany. Pension Fund &Superannuation Fund asper Superannuation Fund ompany. ectfrom 24April2019ataremuneration as cer for aperiodoffi ts ofthecompany 12, 00,000(Rupees 20,00,000 (Rupees ve ve 49 Annual Report | 2018-19 50 Annual Report | 2018-19 Intheevent oflossorinadequacyprofi VI. That thetotal remuneration (i.e., salary, perquisites, V. Onfullpay andallowances aspertherulesof IV. Useoffully maintainedcompany’s carwith Reimbursement of g) residential Telephone telephone Gratuity ispayable aspertherulesof f) Car e) Gratuity by ScheduleVto theAct,includingany statutory perquisites andotherallowances shallbegoverned of service,thepayment ofsalary, commission, any Minimum Remuneration committee. by theLeadership, Nomination&Remuneration desired byMr. KrishnaBodanapuandaccepted the individual components may bechangedas directors. Further, withintheoverall remuneration, Nomination &Remuneration committee of directors ontherecommendation ofLeadership, shall bedeterminedanddecidedbytheboard of with respect to payment ofremuneration thesame doubt /discrepancy /clarifi force andany amendmentsthereto. Incaseofany V to thesaidAct,asmay for thetimebeing,bein applicable provisions oftheActread withSchedule time to timeundersections196,197and other year shallnotexceed thelimitsprescribed from commission andallowances) inany onefi Overall Remuneration every 11monthsofservice. Company, notmore thanone month’s leave for Other Benefi fi Use ofonemobilephonefor offi purpose shallnotbeconsidered asperquisite. bills atactuals. Useoftelephonefor offi chauff company. nancial year during thecurrency oftenure eur andfuelreimbursement ts cation thatmay arise cial purpose. nancial t, in ts, cial “RESOLVED THAT pursuant to theprovisions of To consider andifthoughtfi 11. Sixmonths’noticeshallberequired, oneitherside VII. 4 Registered Offi Date: 25April2019 Place: Hyderabad Website: www.cyient.com Email: [email protected] CIN: L72200TG1991PLC013134 Telangana. Madhapur, Hyderabad 500081. Software UnitsLayout, Infocity, th Floor, AWing,Plot No.11, Company), to holdoffi of Mr. B.V.R.Mohan Reddy, Executive Chairmanofthe appointment ofMr. AshokReddy Bodanapu,(relative the shareholders beandishereby accorded to there- other approvals asmay benecessary, theapproval of meetings heldon24&25April2019andsubjectto such and AuditCommittee andtheBoard ofDirectors attheir Leadership, NominationandRemuneration Committee the timebeinginforce, therecommendation/approval of statutory modifi of Board anditsPowers) Rules, 2014includingany the Companies Act,2013, the Companies (Meetings Section 188andotherapplicableprovisions, if any, of resolution: modifi (Rupees Onecrore forty lakhs)perannum.” 30 June2020ataremuneration upto ` Aff Company withdesignationPresident –GlobalCorporate airs &Infrastructure for aperiodfrom 1April2019till for terminationofservice.” Termination the timebeing,beinforce. modifi cation(s), thefollowing resolution asa ce cations orre-enactment thereof, asmay, for cation(s) orre-enactment thereof for ce orplaceofprofi t to passwithorwithout Dr. Sudheendhra Putty By Order oftheBoard Company Secretary 1,40,00,000/- t underthe M.No. F5689 special . Shareholders desirous ofobtainingany information 9. Shareholders/proxies are requested to bringtheircopies 8. The relevant detailsasrequired byRegulation 36ofthe 7. . Final dividend of` 6. The Board ofDirectors ofthecompany haddeclared 5. Anexplanatory statementpursuant to provisions of 4. The Register ofMembers andtheShare Transfer Books 3. Corporate shareholders intendingto sendtheir 2. Ashareholder entitledto attend andvote attheAnnual 1. Notes made available. of theAGM,sothatinformation requested may be offi are requested to sendtheir queriesto theregistered concerning theaccounts andoperations ofthecompany duly fi of theAnnualReport to theAGMandattendance slip 10 above isannexed hereto. director seekingre-appointment underItemNos. 3,5to by theInstitute ofCompany Secretaries ofIndia, Secretarial Standard onGeneral Meetings (SS 2)issued Regulations, 2015(SEBI (LODR) Regulations, 2015)and SEBI (ListingObligationsandDisclosure Requirements) be paidon20June2019. the closeofbusinesshours on31May 2019.Dividend will appear intheRegister ofMembers ofthecompany asat AGM, willbepayable to thosepersons whosenames 2019, asrecommended bytheboard, ifdeclared atthe on face value of` same was paid on6November 2018. 120% onface value of` an interimdividend of` hereto inrespect ofitemnumbers 4to 11. section 102oftheCompanies Act,2013(‘Act’) isannexed AGM andfor thepurposeofdividend. 6 June2019(bothdays inclusive) inconnection withthe of thecompany willremain closedfrom 3June2019to their behalfattheAGM. to thecompany authorizing themto attend andvote on requested to sendacertifi authorized representatives to attend theAGMare other shareholder. rights, thensuchproxy shallnotactasaproxy for any of thetotal share capitalofthecompany carryingvoting to beappointedbyashareholder holdingmore than10% share capitalofthecompany. Incaseaproxy isproposed holding intheaggregate notmore than10%ofthetotal shareholders notexceeding of theAGM.Aperson canactasproxy onbehalfof not lessthan48hours before thecommencement be depositedattheregistered offi proxy neednotbeamember. The proxy form should to attend andvote onapollbehalfofhim andthe General Meeting (AGM) isentitledto appointaproxy ceofthecompany atleastseven days before thedate lled infor attending theAGM. 5/- eachfor theyear ended31March 9/- pershare, i.e., attherate of180% 6/- pershare i.e., attherate of edcopy oftheboard resolution 5/- on17October 2018.The fi fty (50)innumberand ce ofthecompany 2 Shareholders whowishto claimunclaimeddividends 12. IntermsofScheduleItheSEBI(LODR) Regulations, 11. 0 Shareholders holdingshares inphysical form may write 10. 5 The SecuritiesandExchange Board ofIndia(SEBI) 15. 14. In consonance withthecompany’s sustainability 13. The certifi company’s registered offi Mr. N.Ravi Kumar, Deputy Company Secretary, atthe of thepastyears, are requested to correspond with the company’s Registrar andTransfer Agent. form may sendarequest updatingtheirbankdetailsto participants. Shareholders holdingsecuritiesinphysical to updatetheirbankdetailswithdepository holding securitiesindematmodeare requested dividend to theshareholders. Accordingly, shareholders Gross Settlement (RTGS) for makingpayments like National Electronic Fund Transfer (NEFT), Real Time such asNationalAutomated ClearingHouse(NACH), Bank ofIndia’s approved electronic modeofpayment 2015, listedcompanies are required to usetheReserve addresses, where applicable. Company to dispatchdividend warrants attheircorrect depository participantsimmediately soasto enablethe shares inelectronic form may inform thesameto their their address andbankmandates;shareholders holding to thecompany/company’s R&T agentsfor any changein shareholders attheAGM. 2014, asamended,willbeavailable for inspectionbythe SEBI (Share BasedEmployee Bene timeline. the dividend from thecompany withinthestipulated In view ofthis, shareholders are requested to claim transferred to thedemat account oftheIEPFAuthority. respect ofsuchunclaimeddividends are alsoliableto be Education Protection Fund (‘IEPF’).The shares in payment are required to betransferred to theInvestor period ofseven years from thedatethey become duefor if any, oftheAct,allunclaimed /unpaiddividends for a sections 124and125,otherapplicableprovisions, physical form may submit theirPAN andotherdetails their demataccounts. Shareholders holdingshares in Depository Participants withwhomthey are maintaining therefore, are requested to submittheirPAN to their Shareholders holdingshares inelectronic format, Number (PAN) byevery participantinsecuritiesmarket. has mandatedthesubmissionofPermanent Account for receiving electronic communications. initiative byregistering/ updatingtheire-mailaddresses Shareholders are requested to supportthisgreen the samehasbeenagreed to bytheshareholders. with shareholders intheelectronic mode,wherever Regulations, 2015,thecompany issharingalldocuments initiatives andRegulation 36oftheSEBI(LODR) cates from theauditors ofthecompany under ce. Pursuant to provisions of fi t Regulations, t) 51 Annual Report | 2018-19 52 Annual Report | 2018-19 8 Shareholders holdingshares inphysical form, inidentical 18. Pursuant to section72oftheAct,shareholders are 17. SEBIhasrecently amendedrelevant provisions ofSEBI 16. of suchfolios together withtheshare certifi to sendto theR&T Agentofthecompany, thedetails order ofnames, inmore thanonefolio are requested SH-14, to theR&T Agentofthecompany. 2014, are requested to sendtheirrequests inForm No. of theCompanies (Share CapitalandDebentures) Rules, cancelling/ varying nominationpursuant to therule19(9) Agent ofthecompany. Further, shareholders desirous of to sendtheirrequests inForm No. SH-13,to theR&T Capital andDebentures) Rules, 2014are requested pursuant to theRule19(1)ofCompanies (Share by them.Shareholders desirous ofmakinganomination, entitled to make anominationinrespect ofshares held form, willbeacceptedbytheRTA. transmission andtransposition ofsecuritiesinphysical if they wishto eff will needto convert them to dematform compulsorily shares withcompany /itsRTA for furthertransfer. They form even afterthisdate,willnotbeableto lodgethe shareholders whocontinue to holdshares inphysical held inphysical form, witheff accepting request for transfer ofsecuritieswhichare Regulations, 2015to disallow listedcompanies from (Listing ObligationsandDisclosure Requirements) 20 April2018. Circular SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated to thecompany’s R&T Agentsinaccordance withSEBI ect any transfer. Only therequests for ect from 1April2019.The cates for cates 1 Route mapto thevenue oftheAGMispublished 21. 0 Alldocumentsreferred to intheaccompanying notice 20. Incaseofjointholders attending theAGM, 19. Website: www.cyient.com Email: [email protected] CIN: L72200TG1991PLC013134 Telangana Madhapur, Hyderabad 500081 Software UnitsLayout, Infocity, ae 5Arl21 Company Secretary 4 Registered Offi M.No. Date: 25April2019 Place: Hyderabad F5689 th Floor, AWing,Plot No.11, elsewhere intheAnnualReport. of thecompany. up to thedateofdeclaration oftheresult ofthe28 the company duringbusinesshours onallworking days will beavailable for inspectionattheregistered offi the company willbeentitledto vote. the order ofnamesaspertheRegister ofMembers of shareholder whosenameappears asthefi making requisite changes. share certifi consolidating theirholdingsinto onefolio. Aconsolidated ce cate willbeissuedto suchshareholders after Dr. Sudheendhra Putty By Order oftheBoard rst holderin th ce of AGM ) At theAGM, attheendofdiscussiononresolutions f) The voting rightsofshareholders willbeinproportion to e) The facility for voting through ballotpaper willbemade d) The shareholders whohave casttheirvote byremote c) ) Any person, whoacquires shares ofthecompany and b) The remote e-voting periodcommences on3June2019 a) in afair andtransparent manner. appointed astheScrutineerto scrutinize thevoting process Mr. SChidambaram, Practicing Company Secretary hasbeen the AGMistermedas‘Remote Electronic Voting’ (e-voting) electronic voting system from aplaceotherthanthevenue of Notice. The facility ofcastingvotes byshareholders usingan Limited (‘Karvy’),inrespect ofallresolutions setforth inthis the e-voting servicesprovided byKarvy Fintech Private with thefacility to casttheirvote electronically, through the SEBI(LODR) Regulations, 2015shareholders are provided Administration) AmendmentRules, 2015andRegulation 44of 2014 asamendedbytheCompanies (Management and Companies (Management andAdministration) Rules, Pursuant to theprovisions ofsection108theAct, Guidelines for Electronic Voting ballot paperfor allthoseshareholders whoare present assistance ofthescrutineer, willorder voting through on whichvoting isto beheld,theChairman,with 2019. the shares heldbythem,asonthecut-off may only casttheirvote attheAGMthrough ballotpaper. not casttheirvote electronically, byremote e-voting, AGM venue through ballotpaper. Shareholders whohave remote e-voting willbeableto exercise theirrightatthe attending theAGM, who have notcasttheirvote by available attheAGMvenue andtheshareholders will not beentitledto casttheirvote again. e-voting priorto theAGMmay alsoattend theAGMbut com’ Password’ optionavailable on‘https:// evoting.karvy. can reset thepassword byusing‘Forgot UserDetails/ for castingyour vote. Ifyou forget your password, you then you canuseyour existing userIDandpassword if you are already registered withKarvy for e-voting, by sendingarequest [email protected]. However, date i.e. 31May 2019,may obtain userIDandpassword of thenoticeAGMandholdsshares asonthecut-o becomes ashareholder ofthecompany afterdispatch vote again. will notbeallowed to changeitsubsequently orcastthe a resolution iscastbytheshareholder, theshareholder disabled byKarvy for voting thereafter. Oncethevote on votes electronically. The remote e-voting modulewillbe as onthecut-off shares eitherinphysical form orindematerialized form, During thisperiod,shareholders ofthecompany, holding (09:00 amIST) andendson5June2019(05:00pmIST). dateof31May 2019,may casttheir dateof31May ff

i Enterthelogincredentials (i.e., user-id &password) ii. Openyour web browser duringthevoting periodand i. The procedure andinstructionsfor e-voting are asfollows: Guidelines for e-voting: The voting results declared alongwiththeScrutineer’s h) Immediately aftertheconclusion ofvoting attheAGM, g) v Incaseoffi iv. Afterenteringthesedetailsappropriately, clickon iii. using theremote e-voting facility. at theAGMbuthave notcasttheirvotes electronically Client IDwillbeyour User-ID. mentioned onthePostal BallotForm. Your folio/DP navigate to ‘https://evoting.karvy.com’ Stock Exchange ofIndiaLtd. be immediately forwarded to theBSELtd. andNational person authorized bytheChairman.The results willalso after thedeclaration oftheresult bytheChairmanora cyient.com andonthewebsite ofKarvy immediately Report willbeplacedonthe company’s website www. voting. by theChairman,whowillthendeclare theresult ofthe be madeto theChairmanorany otherperson authorized days aftertheconclusion oftheAGM.This report shall votes castinfavour oragainst,ifany, notlaterthanthree prepare aconsolidated Scrutineer’s Report ofthetotal in theemployment ofthecompany. The Scrutineerwill e-voting inthepresence ofatleasttwo witnessesnot and thereafter unblockthevotes castthrough remote the Scrutineerwillfi note thatthispassword canbeusedbythe Demat one numericvalue (0-9)andaspecialcharacter. Kindly of atleastoneuppercase(A-Z), onelower case(a-z), password hasto beminimum eight characters consisting their loginpassword inthenew password fi menu wherein they are required to mandatorily change Demat/Physical form willnow reach Password Change “LOGIN”. ath:EntertheVerifi Captcha: Your Uniquepassword isprintedonthe Password : For shareholders holdingshares inDemat User – ID rst login,shareholders holdingshares in reasons. way asthey are displayed for security enter theletters andnumbers intheexact through theelectronic notice Postal BallotForm/via emailforwarded For CDSL:-16digitsbenefi b) For NSDL:-8Character DPID a) Form:- registered withthecompany Event no. followed byFolio Number Physical Form:- For shareholders holdingshares in followed by8DigitsClientID rst count thevotes castattheAGM cation code i.e., please eld. The new ciary ID 53 Annual Report | 2018-19 54 Annual Report | 2018-19 x Afterselectingtheresolution you have decidedto ix. Onthevoting page,you willseeResolution Description viii. Ifyou are holdingshares inDematform andhadlogged vii. Onsuccessfullogin,system willprompt to selectthe vi. You needto loginagainwiththenew credentials. v. hold offi pursuant to section161(1)oftheCompanies Act,2013and October 2018,25April2019and respectively, Directors) bytheBoard ofDirectors withe Gour were appointedasAdditionalDirectors (Independent Mr. Vikas Sehgal,Ms. Matangi Gowrishankar andMr. Vivek Independent Directors: Ms. MatangiGowrishankar andMr. Vivek N.Gouras Item Nos.5to 7:AppointmentofMr. Vikas Sehgal, and Mr. Vivek Gourare notdisqualifi from time to time.Mr. Vikas Sehgal,Ms. Matangi Gowrishankar the Regulation 16(b)oftheListingRegulations, asamended under Section149(6)oftheCompanies Act,2013andunder Gour confi Mr. Vikas Sehgal,Ms. Matangi Gowrishankar andMr. Vivek time. The Company hasalso received adeclaration from of Directors) Rules, 2014, as amendedfrom timeto to Rule8oftheCompanies (Appointment &Quali consent inwritingto act asdirector inForm DIR-2 pursuant Directors. Further eachoftheDirectors hasprovided on theirbeingeligiblefor appointment asIndependent The Company hasreceived adeclaration from eachofthem Act, 2013 Explanatory Statement pursuant to 102oftheCompanies section vote on,clickon“SUBMIT”.Aconfi not want to cast,select‘ABSTAIN’ exceed your total shareholding. Iftheshareholder does number in‘FOR/AGAINST’ taken together shouldnot number in‘FOR’ andpartially in‘AGAINST’, butthetotal ABSTAIN’ oralternatively you may partially enterany represents numberofvotes) under‘FOR/AGAINST/ ABSTAIN’ for voting. Enterthenumberofshares (which and againstthesameoption‘FOR/AGAINST/ password are to beused. earlier for any company, thenyour existing loginidand on to “https://evoting.karvy.com” andcastyour vote ‘Event’ i.e., ‘Company Name’. password con fi with any otherperson andtake utmostcare to keep your is strongly recommended notto share your password choice to retrieve your password incaseyou forget it.It may alsoentertheSecret Questionandanswer ofyour details like mobilenumber, emailIDetcon you to changeyour password andupdateany contact on whichthey are eligibleto vote. System willprompt holders for voting for resolution ofany othercompany ce upto thedateof28 rming thecriteriaofIndependenceasprescribed dential. th AnnualGeneral Meeting. ed from beingappointed rmation box willbe ff fi ect from 17 rst login.You fi cation i Corporate/Institutional Members (corporate /Fls/Flls/ xi. Onceyou ‘CONFIRM’ your vote ontheresolution, you x. Board, they ful 2013, asamendedfrom timeto time.Intheopinionof as Director intermsofSection164theCompanies Act, Website: www.cyient.com Email: [email protected] CIN: L72200TG1991PLC013134 Telangana Madhapur, Hyderabad 500081 Software UnitsLayout, Infocity, 4 Registered Offi lc:Hdrbd Date: 25 Place: Hyderabad the Explanatory Statement. Company Secretaries ofIndiaare setout intheAnnexure to and Secretarial Standard-2 issued bytheInstitute of Disclosure underRegulation 36(3) of theListingRegulations normal businesshours. for inspectionattheregistered offi and termsconditions oftheappointmentare available directors are adirector/member, theletter ofappointment The namesofcompanies andthecommittees inwhichthe aforesaid section. of Rs.1,00,000 (Rupeesonelakh)each asrequired underthe provisions of theCompanies Act,2013 along withadeposit an IndependentDirectors oftheCompany asperthe Gowrishankar andMr. Vivek Gourto bere-appointed as proposing thecandidacyofMr. Vikas Sehgal,Ms. Matangi Company hasreceived noticeinwritingfrom members In termsofSection160theCompanies Act,2013,the Act, 2013andare independentofthemanagement. th Floor, AWing,Plot No.11, “Corporate Name_Event no.” of theBoard Resolution shouldbeinthenamingformat with copy to [email protected] the Scrutineerthrough e-mailto [email protected] scan (PDFformat) oftherelevant Board resolution to Trust/Mutual Funds/Banks, etc)are required to send will not beallowed to modifyyour vote. accordingly modifyyour vote. “OK”, elseto changeyour vote, clickon“CANCEL” and displayed. Ifyou wishto con fi

April 2019 ce fi ll theconditions specifi ce ofthecompany during rm your vote, clickon Dr. Sudheendhra Putty ed intheCompanies By Order oftheBoard Company Secretary fi le/scanned image M.No. F5689 of theCompany bythemembers atthe23 Mr. Som Mittal was appointed asanIndependentDirector Independent Director Item No. 8:Re-appointment ofMr. SomMittal asan your approval. Your Directors recommend eachoftheresolutions above for of theaccompanying Notice. concerned orinterested intheResolution atItemNos. 5to 7 Personnel (KMP)orrelatives ofdirectors andKMPis said resolutions, noneoftheDirectors orKey Managerial Except thedirectors beingappointedintermsofthe resolutions, noneoftheDirectors orKey Managerial Except thedirector beingappointedintermsofthesaid the Explanatory Statement. Company Secretaries ofIndiaare setout intheAnnexure to and Secretarial Standard-2 issuedbytheInstitute of Disclosure underRegulation 36(3)oftheListingRegulations normal businesshours. inspection attheregistered offi terms andconditions oftheappointmentare available for director isadirector/member, theletter ofappointment and The namesofcompanies andthecommittees inwhichthe (Rupees onelakh)asrequired undertheaforesaid section. the Companies Act,2013alongwithadepositofRs.1,00,000 Independent Director oftheCompany aspertheprovisions of proposing thecandidacyofMr. Mittal to bere-appointed asan Company hasreceived anoticeinwritingfrom amember In termsofSection160theCompanies Act,2013,the Company andisindependentofthemanagement. for hisre-appointment asanIndependentDirector ofthe Obligations andDisclosure Requirements) Regulations, 2015 Rules, 2014andRegulation 16(1)(b)oftheSEBI(Listing the Companies (Appointment andQualifi the conditions specifi members. IntheopinionofBoard, Mr. Som Mittal fulfi to actasDirector oftheCompany, ifsoappointedbythe Regulations, 2015.Hehasalsogiven hisconsent to continue the SEBI(ListingObligationsandDisclosure Requirements) 149 oftheCompanies Act,2013andRegulation16(1)(b) of Independence asprescribed undersub-section(6)ofSection declaration from himstatingthathemeetsthecriteriaof 2019 upto 6February 2022.The Company hasreceived as anIndependentDirector for asecond termfrom 6June himself for re-appointment, isproposed to bere-appointed appointment asanIndependentDirector andoff Regulations, 2015,Mr. Som Mittal, beingeligiblefor re- and SEBI(ListingObligationsDisclosure Requirements) Schedule IVandany otherapplicableprovisions oftheAct terms oftheprovisions ofSections149,150,152read with Leadership, NominationandRemuneration Committee andin Company for anotherterm.Basedontherecommendation of re-appointment onpassingaspecialresolution bythe years ontheBoard ofaCompany, butshallbeeligiblefor Director shallholdoffi years. AsperSection149(10)oftheAct,anIndependent Company heldon17July 2014for aperiodoffi cefor atermofupto fi ed underSection149(6)oftheAct, ce ofthecompany during cation ofDirectors) veconsecutive ve consecutive rd AGMofthe ering ls the Members, approved there-appointment ofMr. Krishna Remuneration Committee andsubjectto theapproval of based ontherecommendation oftheNomination and The Board has, atitsmeetingheldon25April2019, Members. years witheff & ChiefExecutive Offi Mr. KrishnaBodanapuwas appointedasManaging Director Managing Director &ChiefExecutive Offi Item No. 10:AppointmentofMr. KrishnaBodanapuas Your Directors recommend theresolution for your approval. previous appointmentandapproval in2014. There isnochangeintheremuneration compared withthe No. 9oftheaccompanying Notice. and KMPisconcerned orinterested intheResolution atItem Key Managerial Personnel (KMP)orrelatives ofotherdirectors Managing Director andCEO, noneoftheotherDirectors or Except Mr. B.V.R. Mohan Reddy andMr. KrishnaBodanapu, Chairman oftheCompany. of appointmentMr. B.V.R. Mohan Reddy astheExecutive Companies Act,2013setting outthetermsandconditions considered asthe requisite abstract underSection190ofthe made thereunder. This Explanatory Statement may alsobe the applicableprovisions oftheActandrelevant Rules Reddy asExecutive ChairmanoftheCompany, intermsof appointment ofandremuneration payable to Mr. B.V.R. Mohan It isproposed to seekthemembers’ approval for there- to theAct,for beingeligiblefor hisappointment. as setoutinSection196(3)oftheActandPart-I ofScheduleV Company. Mr. B.V.R. Mohan Reddy satisfi and hasgiven hisconsent to actasExecutive Chairmanofthe appointed asaDirector intermsofSection164theAct Mr. B.V.R. Mohan Reddy isnotdisqualifi Board. Remuneration Committee oftheBoard andapproved bythe as recommended bytheLeadership, Nominationand on suchtermsandconditions including remuneration Mohan Reddy asExecutive Chairmanupto 31March 2020 the Members, approved there-appointment ofMr. B.V.R. Remuneration Committee andsubjectto theapproval of on therecommendation oftheLeadership, Nominationand The Board has, initsmeetingheldon25April2019,based Members. years witheff and Whole-timeDirector oftheCompany for aperiodoffi Mr. B.V.R. Mohan Reddy was appointedasExecutive Chairman Executive Chairman Item No. 9:AppointmentofMr. B.V.R. MohanReddy as Your Directors recommend theresolution for your approval. accompanying Notice. concerned orinterested intheResolution atItemNo. 8ofthe Personnel (KMP)orrelatives ofdirectors andKMPis ect from 24April2014, postapproval ofthe ect from 24April2014,postapproval ofthe cer oftheCompany for aperiodoffi es alltheconditions cer ed from beingre- ve ve ve 55 Annual Report | 2018-19 56 Annual Report | 2018-19 President –GlobalCorporate A Item No. 11:Re-appointment ofMr. B. AshokReddy as Your Directors recommend theresolution for your approval. previous appointmentandapproval in2014. There isnochangeintheremuneration compared withthe the accompanying Notice. concerned orinterested intheResolution at ItemNo. 10of Personnel (KMP)orrelatives ofotherdirectors andKMPis and hisrelatives, noneoftheDirectors orKey Managerial Except Mr. KrishnaBodanapuandMr. B.V.R. Mohan Reddy as theExecutive ChairmanoftheCompany. terms andconditions ofappointmentMr. KrishnaBodanapu under Section190oftheCompanies Act,2013setting outthe Statement may alsobeconsidered astherequisite abstract and therelevant Rulesmadethereunder. This Explanatory the Company, intermsoftheapplicableprovisions oftheAct Bodanapu asManaging Director &ChiefExecutive O appointment ofandremuneration payable to Mr. Krishna It isproposed to seekthemembers’ approval for there- his appointment. Act andPart-I ofScheduleVto theAct,for beingeligiblefor satisfi Executive Offi and hasgiven hisconsent to actasManaging Director &Chief appointed asaDirector intermsofSection164theAct Mr. KrishnaBodanapuisnotdisquali approved bytheBoard. Nomination andRemuneration Committee oftheBoard and including remuneration asrecommended bytheLeadership, for afurtherperiodoffi Bodanapu asManaging Director &ChiefExecutive O governance aspectsoftheglobaloperations ofthecompany. of thecompany thathasoversight onthecompliance and Ashok Reddy alsoheadsthe GlobalGovernance Committee November 2017andthesamewas rea ffi rating for its corporate governance practices from ICRA during Corporate Governance. The company alsoobtained aCGR2+ the company won the14 much before beingmandatedbythelaw. Underhisleadership corporate governance practices, many ofthemvoluntarily designed andimplementedrobust, eff Under Mr. AshokReddy’s ablestewardship, thecompany has to thispositionin2015was approved onthesameterms. global HRfunctionsofthecompany. Mr. Reddy’s appointment the company sinceJune1999anduntil2014,alsoheadedthe Venture, Infotech HALLimited.Mr. AshokReddy hasbeenwith director ontheboard ofthecompany’s Bangalore basedJoint company andchairs therespective boards. Heisalsoa responsibility vis-à-vis thevarious subsidiariesofthe infrastructure functionsinthecompany. Hehasfi and secretarial, corporate socialresponsibility (CSR) and approval bythemembers in2015.Heheadsthegloballegal Infrastructure ofthecompany. Hewas appointed post Mr. B. AshokReddy isPresident –Corporate Aff es alltheconditions assetoutinSection196(3)ofthe cer oftheCompany. Mr. KrishnaBodanapu th ve years, ontermsandconditions ICSI NationalAward for Excellence in ff airs &Infrastructure rmed in2018-19.Mr. fi ective andlaudable ed from beingre- duciary ffi ar & airs cer of ffi cer tax benefi has beenmaximisedandinSEZsithelpedoptimise to thehighestquality standards. At eachcentre, utilization has beendeveloped inacost eff Visakhapatnam. This stateoftheartinfrastructure facilitation across Hyderabad, Bangalore, Noida,Warangal, Kakinada and best inclassphysical andITinfrastructure for thecompany On theinfrastructure front, Mr. AshokReddy helpedcreate health care. Bharat &Swacch Pathshala) andsocialinnovation involving as regards community development (smartward andSwacch employability. Mr. Reddy hasbeenplayed therole ofacatalyst skills to unemployed urbanandrural communities for their up Cyient UrbanMicro SkillCentre Foundation to impart around thecentres. Hewas alsoinstrumentalinsetting literacy to more than30,000children andcitizens living in andaround Hyderabad. This hasenabledaccessto digital Centres (CDCs). Currently themissionisoperating 67CDCs adult digitalliteracy centres bydeveloping Cyient Digital model withintegrated digitalclassrooms, digital library and helped metamorphosethedigitalliteracy missionto ahybrid schools andpresently supportsover 16,000children. He led theCyient Foundation to adopt/support 25government At thehelmofaff the goodgovernance practices across thegroup. In themonthsandyears to come, plansare afoot to entrench Website: www.cyient.com Email: [email protected] CIN: L72200TG1991PLC013134 Telangana Madhapur, Hyderabad 500081 Software UnitsLayout, Infocity, 4 Registered Offi lc:Hdrbd Date: 25 Place: Hyderabad Your directors recommend theresolution for your approval. previous appointmentandapproval in2015. There isnochangeintheremuneration compared withthe in theresolution atItemNo. 11oftheaccompanying notice. relatives ofotherdirectors andKMPisconcerned orinterested of theotherdirectors orkey managerialpersonnel (KMP)or Except Mr. B.V.R. Mohan Reddy, Executive Chairman, none India Award’ bytheIndianLawyers Association. Recently, Mr. AshokReddy was bestowed Pride the‘ILA of Mysore facility, andspread itsfoot printintheSEZlocations. electronics manufacturing lineinHyderabad to supplement new manufacturing facility for UAVs inHyderabad, asecond proposes to augmentitsinfrastructure byconstruction ofa th Floor, A Wing,Plot No.11,

April 2019 ts. Aspartofitsgrowth strategy, thecompany ce airs ontheCSR front, Mr. AshokReddy has ective mannerandconforms Dr. Sudheendhra Putty By Order oftheBoard Company Secretary M.No. F5689 DIRECTORS PROPOSED TO BEAPPOINTED/RE-APPOINTED ISFURNISHEDBELOW: SECRETARIAL STANDARD-2 ISSUED BY THEINSTITUTE OFCOMPANY SECRETARIES OFINDIA,INFORMATION ABOUTTHE ANNEXURE TO THEEXPLANATORY STATEMENT PURSUANT TO REGULATION 36OFTHELISTING REGULATIONS AND inter-se Directors between Relationships on date companies as of other in Committees Chairmanship Membership / companies held inother Directorship List of the Company Shareholding in the Company on theBoard of Appointment Date offi expertise Experience and Qualifi ainlt ninIndian 12November Indian Date ofbirth Nationality Number (DIN) Identifi Directors Name ofthe Director cto .. SBTc. B S,MABA,MABCm B M.Tech. B.Com, MBA B.A., MBA MS., MBA B.Tech., MBA B.E., MS cation cation rst 10/972/421 71/082/421 50/0928/08/1991 25/04/2019 NIL 25/04/2019 30,000 17/10/2018 24/04/2014 11/08/1997 and fi technology development, business Strategy, 07480044 51860583 053300058215 00254383 01518137 1955 05218876 00074842 00170478 Murugappan M.M. nance services software technology/ information industries and manufacturing automotive and Engineering, eray15 3My17 27February 23May 1974 7 February 1952 There isnointer-se relationship amongthedirectors o itlVikas Sehgal Som Mittal NIL strategic aff acquisitions and mergers and automotive, Manufacturing, Indian Please refer Report onCorporate Governance Please refer Report onCorporate Governance airs resources Human 1958 NIL Indian Gowrishankar Matangi and aviation enabled services e-commerce, IT 1962 10 November NIL Indian ie .Gu B.V.R. MohanReddy Vivek N.Gour strategy innovation and and development, engineering, research Cutting edge 2Otbr15 28August 12 October 1950 33,58,254 Bodanapu Relative ofMr. Krishna Indian 18,50,760 24/04/2014 and strategy management business Engineering, 1976 B.E., MBA 05301037 Indian Mohan Reddy Mr. B.V.R. Relative of Bodanapu Krishna 57 Annual Report | 2018-19 58 Annual Report | 2018-19 of theCompany, to holdoffi Registration No. 101049W/E300004) asthestatutory auditor S.R. Batliboi&AssociatesLLP, Chartered Accountants (Firm appointment. Accordingly, itisproposed to appointM/s. completed theirtermof10years from thedateof of theCompany sincethefi Registration No. 008072S) ,have beenthestatutory auditors Deloitte Haskins&Sells, Chartered Accountants (Firm of themaximumtermasprescribed thereunder. M/s Company to rotate itsstatutory auditors oncompletion and theRulesmadethereunder, itismandatory for the Pursuant to Section139oftheCompanies Act,2013(“Act”) Appointment ofAuditors Item No. 4 India. The AuditFirm was establishedintheyear 1965and registered withtheInstitute ofChartered Accountants of (“the AuditFirm”), isafi M/s. S.R. Batliboi&AssociatesLLP(FRN101049W/E300004), Brief Profi resolution. relatives are concerned orinterested inthepassingofthis None oftheDirectors, Key Managerial Personnel andtheir as thestatutory auditors oftheCompany. of M/s S.R. Batliboi&AssociatesLLP, Chartered Accountants based onwhichtheboard hasrecommended theappointment carried outadetailedevaluation process ofvarious audit and applicablerules. The managementandtheboard had Auditors intermsofSection141theCompanies Act,2013 con have M/s. S.R. Batliboi&AssociatesLLP, Chartered Accountants section 144oftheAct. as required bylaw orotherwise,subjectto theprovisions of as deemedappropriate, andremuneration for suchservices the Board /committees thereof, may approve otherservices, the above andinaccordance withtheprovisions oftheAct, as may bemutually agreed withtheauditors. Inadditionto the Companies Act,2013,insuchmannerandto suchextent of necessity onaccount ofconditions asmay bestipulatedby of suchappointment,remuneration etc.includingbyreason the power to agree, alterandvary thetermsandconditions Board, includingrelevant committee(s) thereof, shallbegiven to M/s Deloitte Haskins&Sellsfor thesamescope ofwork. The Company, whichisnotamaterialchangefrom whatwas paid applicable rates, for thepurposeofstatutory auditofthe lakhs only), plusoutofpocket expenses andtaxes atthe March 31,2020isproposed at` The annualremuneration /fee for thefi Meeting to beheldintheyear 2024. of theCompany tilltheconclusion ofthe33rd AnnualGeneral years from theconclusion ofthe28thAnnualGeneral Meeting APPOINTED/RE-APPOINTED BRIEF PROFILES OFAUDITORS/DIRECTORS BEING fi le oftheauditors rmed theireligibility to beappointedasStatutory ce for aperiodoffi rm ofChartered Accountants nancial year 2009-10andhave 8,000,000/- (RupeesEighty nancial year ending ve consecutive fi rms fi rst (on automotive andindustrialpolicy) andtheDepartment Prime Minister. HeispartoftheMinistry ofHeavy Industries Government ofIndia,working closely withtheoffi Since January2016,Mr. Sehgalhasbeenanadvisor to the has beenastrategic advisor to Peugeot Citroen (PSA). International, aUS-basedindustrialchemicalscompany and mobility. Inaddition, heisaMember oftheBoard ofHoughton range ofissuespertainingto manufacturing, automotive, and has beenassociatedwithWEFsince2012,working ona and amemberofitsGlobalFuture Council for mobility. Vikas Global AgendaCouncil for Automotive andTransportation, He isformer ChairmanoftheWorld Economic Forum’s (WEF) and alsoitsglobalautomotive business. & Co, responsible for theSouth &South East Asianbusinesses Mr. Vikas SehgalistheExecutive ViceChairmanofRothschild Mr. Vikas Sehgal-Independent Director Item No. 5 sport. particularly ineducation,healthcare, performing artsand involved inthedevelopment ofvarious citizenship initiatives, there. HeisaTrustee oftheGroup’s AMMFoundation, actively Research Park andisamentor to many companies incubated partnerships. Now serves ontheboard oftheIIT-Madras till November 2011andhasenabledmany industry–academic Served ontheBoard ofGovernors ofIITMadras, for sixyears Mahindra Ltd. (Mumbai). companies outsidetheMurugappaGroup suchasMahindra & (CUMI). Heisanindependentdirector ontheboards of Tube Investments ofIndia(TII) andCarborundumUniversal Insurance Company Ltd, Coromandel InternationalLtd (CIL), TI Financial HoldingsLimited,Cholamandalam MSGeneral of Michigan,AnnArbor, Michigan,USA. Isthechairman of Science Degree inChemicalEngineeringfrom theUniversity Technology, University ofMadras, IndiaandaMaster of degree inChemicalEngineeringfrom theACCollege of technology, R&D andhumanresources. HoldsaBachelor’s in diverse areas includingstrategy &businessdevelopment, Corporate Advisory Board. Hehasover 40years ofexperience Mr. MurugappanistheExecutive ChairmanofMurugappa Director Mr. Murugappan -Non-Executive, Non-Independent Item No. 3 PROFILE OFTHEDIRECTORS providing auditandassurance servicesto itsclients. & Affi has valid Peer Review certifi has 10branch offi India. Ithasregistered offi is alimitedliability partnership fi liates network ofauditfi ces invarious citiesinIndia.The AuditFirm ce at22,CamacStreet, Kolkata and cate andispartofS.R. Batliboi rms. Itisprimarily engagedin rm (“LLP”) incorporated in ce of the of ce and was instrumentalinsetting upthecompany’s offi automotive andengineeringbusinessofBooz AllenHamilton Prior to joiningRothschild &Co in2011,Vikas managedthe aluminum sector inthecountry. Aluminum Industry, whichaimsto develop asustainable also actingadviser to theGovernment’s Working Group on of IndustrialPolicy andPromotion (for FDIinIndia).Heis organization. business andHRexperience make heratrueassetto the performance teamsandisarecognized mentor. Herextensive Ms. Gowrishankar ispassionateaboutbuildinghigh- & SATE Practitioner from IBMSkillbase. Centre (Design&Conduct) from SHLand Certifi Coach—Neuro-leadership Group, Certifi Programme from Harvard BusinessSchoolandisaCertifi her credit. Shewas partoftheStrategic HumanResources (National HRDNetwork inIndia)withseveral publicationsto Ms. Gowrishankar was aBoard Member oftheNHRDN strong peopleprocesses. and teamsachieve theirstrategic intentthrough peopleand development withadeepcommitment to helporganizations Her expertise liesintheareas ofLeadership andOrganization Reebok India,General Electric,andZensar Technologies. roles inhumanresources for arange ofcompanies including management have helpedhereff Her professional acumenandknowledge ofworkforce of seniorleadership experience spanningmultipleindustries. Ms. Matangi Gowrishankar carriesmore thanthree decades Ms. MatangiGowrishankar -Independent Director Item No. 6 UK, France, Italy, China,Japan,andIndia. Mr. Sehgalhaslived, studied, andworked inUSA, Germany, print andelectronic media. leading globaljournalsto hiscredit. Heisfrequently quotedin by UppalPublishing, andmore than20papers andarticlesin Third World Countries: Revamping Technical Education Policy” Mr. Sehgalisapublishedauthorwith“HigherEducation in Fellowship, MIT. and theNationalScienceFoundation Scholarship andFord the recipient oftheMost OutstandingStudent Award, DCE, Award from theSociety ofAutomotive Engineers andisalso be awarded theInternationalOutstandingStudent Offi academics andcommunity service.Heisthefi was recognized for exemplary contribution to society through The youngest ever recipient oftheYuva Ratan Award, Vikas International businessfrom theUniversity ofChicago. from MIT, Massachusetts. HeisalsoanMBA inFinance and in mechanicalengineeringandtechnology policyplanning industrial engineeringfrom theUniversity ofFlorida andMS of Engineering(DCE) andwent onto earnanMSdegree in Mr. SehgaldidhisB.E., mechanical,from theDelhiCollege Motor Company andDaewoo Motors. India. Prior to this, heworked inengineeringroles attheFord ectively spearheadsenior e Assessment ed ed Facilitator rst Indianto ce in ce cer ed & GMRFoundation. He isalsoontheGoverning Council inLady ShriRam College India; NCPEDP; MuseumofArtandPhotography. He isChairmanofleadingNGOslike CharitiesAidFoundation, Ltd. andchairs several Board committees. EXL ServicesInc.,SheelaFoams andTATA organizations, andisaBoard Member ofAxisBank, Cyient Ltd, Governing Council ofseveral academicinstitutions andsocial developed theITvisionfor IndianRailways. Heisalsoonthe e-Governance andwas theChairmanofCouncil which as memberofthePrime Minister’s Committee onNational countries indeveloping policiesto promote trade. Heserved Mr. Mittal hasworked andinfl positions andmanagedbusinessesacross geographies. Larsen &Toubro, Escorts, andDenso. HehasheldglobalCXO and automotive industries, having heldexecutive roles with has extensive experience intheengineering,manufacturing companies suchasWipro, Digital,Compaq andHP. Healso leadership roles for over three decadesintheITindustryat Kanpur andIIM, Ahmedabad,Mr. Mittal heldseniorcorporate Having completed hisgraduation andpost-graduation from IIT the USD100billionmilestone. challenging phases. Underhisleadership, theindustrycrossed in India.Hesteered theindustrythrough oneofitsmost NASSCOM, thepremier trade body for theIT-BPM Industry Mr. Som Mittal, istheformer ChairmanandPresident of Mr. SomMittal -IndependentDirector Item No. 8 of Mumbai. from FMS, University ofDelhi,andaB.Com from theUniversity Harvard BusinessSchool’s OPM programme. HehasanMBA Mr. Gourhas34years ofwork experience. Heisagraduate of underprivileged. for rural youth andproviding pediatricmedicalcare for the in large impactprojects creating skillingandemployment Currently, hevolunteers histimeasasocialimpactinvestor India, andvarious leadership roles atGECapital. Ltd, ChairmanofEmpire Aviation, Dubai,CFO ofGECapital Managing Director ofAirWorks India,GlobalCFO ofGenpact previous assignments, Vivek hasheldleadership roles as Managers astheChairmanofauditcommittee. Inhis the board onIndiaMART, Affl as theChairmanofauditcommittee andalsoserves on Since 2010,hehasserved on theboard ofMakeMyTrip.com, industries suchase-commerce, ITES, andaviation. companies inIndia,USA andtheMiddleEast indiverse years ofexperience asaBoard memberoflarge operating Mr. Vivek N.Gourisanindependentdirector withover 15 Mr. Vivek N.Gour-IndependentDirector Item No. 7 Personnel Management &IndustrialRelations from XLRI. She holdsaBA inSociology withapost-graduation in uenced governments ofvarious e Global,andASK Investment Singapore Airlines 59 Annual Report | 2018-19 60 Annual Report | 2018-19 Leadership Award oftheAmericanSociety of Mechanical in thecountry. Heistherecipient oftheDistinguished Padma Shri-in2017for hiscontribution to trade andindustry Mr. Reddy received India’s fourth highestcivilian award-the of Coromandel InternationalLimited. Telangana andAndhra Pradesh andalsoserves ontheBoard Consul oftheFederal Republic ofGermany for thestatesof incubation centerinIndia.Mr. Reddy actsastheHonorary is alsotheFounding Director ofT-Hub, thelargest start-up Indian Industry(CII), Southern Region (2008-2009).Mr. Reddy 2015-16. Hehasserved astheChairmanofConfederation of Association ofSoftware &ServiceCompanies) inIndiaduring Reddy hasserved astheChairmanofNASSCOM (National (ASCI). of Court ofGovernors ofAdministrative Sta ff National SkillDevelopment Corporation (NSDC), andmember of Governors ofIIT-Hyderabad, amemberontheBoard of Skill Council. Mr. Reddy iscurrently theChairmanofBoard Education Council, andalsoChairmanofNASSCOM’s Sector higher educationinIndia.Heiscurrently theCo-Chair ofCII’s Reddy hastaken upseveral leadership positionsto promote engineering professionals in47locationsacross 21countries. and have created direct employment for about15,000 in cumulative exports from Indiato Fortune 100companies His eff by establishingCyient (formerly Infotech Enterprises)in1991. Engineering, andResearch andDevelopment (ER&D) Services fi Mr. B.V.R. Mohan Reddy isanIndianentrepreneur whohas Mr. B.V.R. MohanReddy -Executive Chairman Item No. 9 recognized asaDistinguishedAlumnifrom IITKanpur. World Information Technology andServicesAlliance.Hewas dedication to thegrowth oftheglobalICT Industrybythe a Lifetime Achievement Award in2013for outstanding his contribution to theITindustry. Healsohonoured with Achievement Award byIndianMerchants Chamberfor Mr. Som Mittal was honoured in2019withaLifetime and Enterprise. Mckinsey andBCGisaBeachheadAdvisor to NZTrade He isanAdvisor to anumberoforganizations including rmly placedIndiaontheglobalmapfor leading-edge orts have ledCyient to contribute more than$3billion College ofIndia Northwestern University. Administration from theKellogg SchoolofManagement, at from Purdue University andaMaster’s Degree inBusiness Mr. Krishnaholdsabachelor’s degree inElectricalEngineering the betterment ofthesociety. and internationalrelations aswell asconstructive stepsfor members to promote industrycompetitiveness, investments, he works closely withthestategovernment andindustry Indian Industry(CII), Telangana, for 2019-20.Inthiscapacity, Mr. KrishnaisalsotheViceChairmanfor theConfederation of product line,APEX. California andwas responsible for thecompany’s fl leading semiconductor manufacturer basedinSanJose, Before Cyient, Krishnaworked withAltera Corporation, a satisfaction. terms ofrevenue, margin, andcustomer andassociate contributed signifi Advancing into therole ofChiefOperating Offi primary clientsinengineeringservices. for relationship buildingandaccount managementfor several engagements. AsKey Account Manager, hewas responsible customers andwas anintegral partofmany successfulclient Marketing Manager, heworked withseveral key aerospace Account Manager for thecompany’s aerospace vertical. As where hehelddualroles ofMarketing Manager andKey engineering servicesinEurope. Helatermoved to India, Mr. Krishnainitially joinedCyient asaSalesManager for for alloperations atCyient. provides thestrategic direction for growth andisresponsible As Managing Director andChiefExecutive Offi Mr. Krishna Bodanapu-ManagingDirector & CEO Item No. 10 JNTU-Kakinada. from JNTU-Hyderabad, Andhra University, KLUniversity, and Ann Arbor, USA. Heistherecipient ofhonorary doctorates of Technology (IIT), Kanpur, andfrom University ofMichigan, Mr. Reddy holdspostgraduate degrees –from IndianInstitute of IIT-Kanpur. Engineers (CIE Division) in2011.Heisadistinguished alumnus cantly to Cyient’s consistent growth in cer, Krishna cer, cer,Krishna agship CYIENT movedCYIENT toanupgradedoffi as aninnovative solutions company. growth andstrengthen ourlocal presence HEIGHTS, IL,USA, tosupport ourcontinued ce in PEoRIA 61 Annual Report | 2018-19 62 Annual Report | 2018-19 Onastandalonebasis, therevenue from operations for Your Company provides engineering,manufacturing, STATE OFAFFAIRS /COMPANY’S PERFORMANCE 2. 1. FINANCIAL HIGHLIGHTS fi Your directors have pleasure inpresenting the28 Dear Shareholders, Director’s Report nancial year ended31March 2019. the lastyear ` FY 2019at` that oftheprevious year ` 4,054 million. of thecompany was ` 2018. The profi million, recording anincrease of` shareholders andnon-controlling interests was ` over thelastyear. The profi FY 2019at` On aconsolidated basis, therevenue from operations for gain thecompetitive advantage. services helpclientsleverage market opportunities and technology. The Company’s high quality products and deployment ofrobust processes andstate-of-the-art solutions thataddvalue to businessesthrought the services to globalindustryleaders. Itdelivers innovative geospatial, network andoperations management the y over thePAT of ` 4,018millioninFY2018. Reserves Paid upEquity Share Capital Final dividend recommended (Rs./ share) Interim Dividend paid(Rs./ share) Diluted Earnings pershare (Rs.) Basic Earnings pershare (Rs.) Pro Non-controlling Interest Share ofprofi Share ofprofi Deferred Tax Current Tax Pro Exceptional Items Depreciation andamortization expense Finance Cost EBIDTA Total Income fi fi ear was ` t AfterTax t Before Tax 46,175 millionwas higherby` t inJointVenture t /(loss)inassociatecompany 16,149 million,was higherby12.2%over 4,407 million,r t aftertaxattributable to shareholders 14,397 millioninFY2018.The pro fi Particulars 4,785 million,17.90%higherthan tfor theyear attributable to egistering agr

740 millionover FY owth of9.7% 7,000 million th Directors’ Report onthebusinessandoperations ofyour company, for the 4,771 t for t Duringtheyear, theCompany hascreated capital TRANSFERTO RESERVES 4. 3. DIVIDEND There isnochangeinthenature ofbusinessduringthe 081 071 081 2017-18 2018-19 2017-18 2018-19 50922,876 25,089 75540,694 47,515 Consolidated 23 35.85 42.36 ,8 4,054 4,785 24 36.00 42.43 ,1 1,493 1,512 ,1 1,052 1,114 ,9 5,567 6,193 6,873 7,668 redemption reserve of` Statement ofProfi to retain theentire amount of reserves duringtheyear underreview andproposes Your Company hasnottransferred any amountto com/investors/corporate-governance). dividend policyonthecorporate website (www.cyient. 2015, theCompany hasformulated anduploaded Obligations &Disclosure requirements) Regulations, previous year. Intermsofregulation 43A of SEBI(Listing statements were 37.8%ascompared to 36.4%inthe percentage ofpro fi Total dividend (excluding dividend distributiontax)asa of During theyear, theCompany declared InterimDividend 9.00 pershare (180%)onparvalue of` Your directors have recommended afi year. (14) (85) 552 326 35 ` 9 6 5 - 6.00 perequity share [120%]on17October 2018. (160) (113) t andLoss/retained earnings. (23) 563 204 t after taxofthestandalonefi 50 4 9 4 13 MillionoutoftheGeneral 21,813 17,770 39.01 39.07 4,407 1,179 5,412 5,932 (174) ` Standalone 552 509 (Amount in`Million) 11 4,407 millioninits 9 6 - - - - nal dividend of` 5.00 pershare. 20,051 16,320 nancial 35.54 35.69 4,018 1,285 5,260 5,671 (103) (43) 563 508 4 9 6 - - - BUYBACK OFSHARES 8. DuringthemonthofApril2019,company has 7. SHARE CAPITAL 6. PUBLIC DEPOSITS 5. LIQUIDITY average priceof` and extinguished atotal of31,23,963Equity Shares atan closed on11April2019.The Company hasboughtback buy-back ofEquity Shares from 12February 2019and Share, payable incash.The Company commenced the at amaximumpricenotexceeding ` The maximumsize ofthebuyback was ` Board ofIndia(Buy BackofSecurities)Regulations, 2018. Companies Act,2013andtheSecuritiesExchange the stock exchange mechanism,inaccordance withthe and thepromoter group, from theopenmarket through are promoters orthepersons incontrol oftheCompany its members/benefi paid-up Equity Shares oftheface value of` held on1February 2019,approved theBuyback ofitsfully The Board ofDirectors oftheCompany had,atitsmeeting equity shares of`5.00each. report is` back. The share capitalofthecompany asondateofthe extinguished 11,93,861equity shares, whichwere bought of `5.00each. 55,55,72,945/- consisting of11,11,14,589equity shares 31 March 2019,thepaidupcapitalofCompany was ` allotments andextinguishment ofshares asabove, ason Back ofSecurities)Regulations, 2018.Pursuant to the 2013 andtheSecuritiesExchange Board ofIndia(Buy accordance and consonance withtheCompanies Act, stock exchange mechanismwere duly extinguished in by thecompany from theopenmarket through the Further, 19,30,102shares whichwere boughtback Stock UnitsandStock OptionSchemesofthecompany. options vested inthempursuant to theextant Restricted subsidiaries uponexercise ofanequalnumberstock ` Your Company hasallotted 4,48,689equity shares of Rules, 2014duringthefi 2013 read withtheCompanies (Acceptance ofDeposits) within themeaningofSection73Companies Act, Your Company hasnotacceptedany depositsfalling based mutual funds. with scheduledbanks, fi invested inshorttermfi million attheprevious year end.These fundshave been had liquidassetsof` strategic objectives. Asat31March 2019,your company suffi Your Company continues to bedebt-free andmaintains accordance withsection69ofthecompanies act,2013. reserve, onaccount ofBuyback ofequity shares, in 5.00 eachto theassociatesofcompany andits cient cashreserves to meetitsoperations and 54,96,03,640/- consisting of10,99,20,728 640.2105 perEquity Share. Accordingly, cial owners, otherthanthosewho nancial year. 7,405 millionasagainst` xed deposits andmutual funds nancial institutions anddebt 700/- perEquity 200 crores, and 5/- each,from 8,396 The November 2016acquisitionofBlomAero fi Cyient Europe Ltd has4wholly owned subsidiaries. The Itsservicesare designedto caterto leadingTier-1 and Incorporated inLondon as Dataview Solutions Limitedin Cyient Europe Limited (CEL) CIleverages boththelocalandglobaldelivery capability Cyient, Inc.(CI) 9. SUBSIDIARIES Company hasdeployed ` UK subsidiaryofNRCGroup from Norway isprogressing range of industrialclients. prototyping ofanaloguesemi-conductor chipsfor awide specialist solutionscompany, focused onthedesignand company thatCELacquired inApril2018.Ansemisa The mostrecent subsidiaryisAnsemNV, aBelgium and hasnow grown to ateamofover 120associates. to ourrail andaerospace customers across Europe 2015. Itsprimaryfocus isto provide engineeringservices on Prague intheCzech was establishedinSeptember standing engagementwithSwisscom. Cyient SRO, based Bern, provides supportandlocalpresence for ourlong Benelux region whileCyient Schweiz GmbH,basedin provides support to itscustomers andbusinessinthe oldest, Cyient BeneluxBV, basedinBreda, Netherlands, reliability. customers andhasbuiltastrong foundation oftrustand long-term relationships withseveral ofitspartners and and manufacturing companies. The company enjoys well asbigdata andanalytics capabilitiesto rail, aerospace addition itprovides world-class engineeringservicesas public sector agencies, andcommercial businesses. In Tier-2 Telcos, gas, electricandwater utility companies, 1992, itbecameapartoftheInfotech Group in1999. aerospace anddefense industry. will focus onmachiningdevelopment hardware for the engaged inthedesignandmanufacturing of tools, which DesignServices,B&F aConnecticut based company, strategy inNorthAmerica.Duringtheyear, CIacquired CI isalsoprincipalunitfor executing theacquisition of Cyient whileexecuting projects across NorthAmerica. provinces, andgenerates $294Minannualrevenues. agencies. CIoperates in40statesandfour Canadian organizations andlocal,state,federal government units, ranging from Fortune 500companies to small CI hasover 175active clientsacross ourseven business associates sourced primarily from withinthegeography. with 24offi customers inNorthAmerica.Cyient Inc.closedtheyear network, andoperations managementservicesto Inc. provides engineering,manufacturing, geospatial, Headquartered inEast Hartford, Connecticut, Cyient represents 99.9997%oftheMaximum Buyback Size. Four Thousand Twenty EightandNinety paiseonly) which Hundred Ninety NineCrores Ninety NineLacsNinety ces across theUSandCanada,1,816, 1,99,99,94,028.90 (RupeesOne lmsLtd, the 63 Annual Report | 2018-19 64 Annual Report | 2018-19 The company isanISO9001and27001certi Established in2015,Cyient Singapore istheSouth Duringtheyear CAPL hasacquired 86%stake inCKK.It Established in2008Central Tokyo, CKKisaleading Cyient KK(CKK) Established in2014,Cyient Australia provides engineering Afterbecoming apartoftheCyient Group in2000,it Cyient GmbHoff integrated into Cyient’s European operations. offi skills ofaround 40associates, mostly basedoutoftheir well. The businessboughtateamwithcomplementary solutions to diverse industriessuchasaerospace, East Asiaheadquartered CSPL provides servicesand Cyient Singapore Pte Limited (CSPL) 14%. brought down theshareholding oftheCompany inCKKto locally. maintaining clientrelationships and managingprojects delivery capability oftheparent organisation, while manufacturing industries. CKKleverages theglobal end-to-end engineeringservicesandsolutionsto engineering serviceprovider inJapan.CKKprovides Australia. Melbourne istheAPAC headquarter. from ourglobaldelivery centres andcustomers across the APAC region. CAPL hasover 600associatesoperating and Melbourne withoperations Australia wideandacross Rail transportation from globaldelivery centres inSydney its customers especially Telecommunication, Utilitiesand industries to itsAsiaPacifi design andnetwork operations servicesto diverse Cyient Australia Pty Limited (CAPL) this growth andexpansion. moved ouroffi conductor designandverifi services into theGermanmarket aswell assemi- the recent pasthasincludedTelecom Plan andDesign advantage andonsiteproject management. Growth in solutions to awiderange ofclientswitho and ITresources, CGprovides high-quality servicesand IT solutions. Owingto thelarge poolofengineering,GIS extended itsforay into otherserviceareas like GISand CAD/CAM, e-solutionsoftware andapplicationprovider. Software (AGS) inLeonberg, Germany, in1992–a3D and Sweden. Itwas establishedasAdvanced Graphics and neighbouringcountries suchas Austria, France aerospace andmanufacturing companies inGermany as well asbigdataandanalytics capabilitiesto rail, Cyient GmbH(CG) and ensures effi of itsparent organization, itmaintainsclientrelationships organization. Leveraging theglobalexecution capability ces inCheddar, Somerset, whohave now beenfully ces from Leonberg to Stuttgart to refl cient project managementacross Europe. ers world-class engineeringservices c customers. CAPL supports cation services. We recently ff shore cost shore ect fi ed ed Cyient Insightsenablesitscustomers to derive end to Duringtheyear, Company hasacquired 100%stake in CDLMPLisresponsible for seamlesstransition from CDLMPLisrecognised asamarket leaderinHigh- DuringFY17,Cyient establisheditslocalpresence in Cyient establisheditspresence bysetting upasubsidiary results through gamutofmachinelearning anddeep end businessexcellence andderive quantifi Limited was subsequently renamed Cyient InsightsPrivate Insights Private Limited,Hyderabad, India.The Company In October 2014,Cyient acquired amajority stake inInvati Cyient InsightsPrivate Limited (CIPL) CDLMPL. production processes. from acombination ofefficientdesigns, sourcing and experts to deliver value engineered products derived in technocommercial pointsbyasetofseasoned with allBU’s. Inmany cases, we supportourcustomer arriving atIntegrated Product Development Plan (IPDP) the designphaseto themanufacturing phaseby products to clientsintheseindustryverticals. certifi segments. CDLMPLpossessesandmaintainsquality Medical Technology, Telecom &Industrialbusiness Services inAerospace &Defense, Rail Transportation, Mix, HighTech Electronic &Mechanical manufacturing Cyient DLMPrivate Limited (CDLMPL) security applications. innovative technology for military, defense andhomeland that gives thecompany accessto partnerships around engaged inanIsraeli start-up accelerator programme Indian Defence off has signifi to strengthen itsfocus onthisimportantmarket that local businessdevelopment andconsulting resources Manufacturing (DLM)business. Cyient hasinvested in who are signifi Israel to engagemore closely withIsraeli Defense OEMs Cyient Israel IndiaLimited (CIIL) semiconductor, manufacturing andenergy markets. market bringsto itsfuture growth. Particular focus ison China butalsoto capture hugepotentialthattheChina market notonly to supportitsglobalcustomers in in Beijing2017.CEBLseesChinaashaving longterm Cyient Engineering(Beijing)Limited (CEBL) the region. entity becomes very importantfor thefuture growth in CSPL hasastrong customer baseintheregion andthis customers from theengineeringcentre inSingapore. CSPL hascloseto 100engineers supportingits telecommunications, utilitiesandrail transportation. cations thatenableitto designandmanufacture cant, long-termpotentialparticularly around cant clientsfor thecompany’s DesignLed sets opportunities. Cyient additionally able business IHLwillpartnerwithcustomer to provide manufacturing Infotech HALLtd (IHL),ajoint venture (50:50)between InOctober 2018,company incorporated CUMSCFasa InApril2017,Cyient Solutions andSystems Private Duringtheyear, Company hasacquired 100%stake in customer representative to thevendors inIndia minimum involvement ofcustomer resources andactsas of hardware, includingproduction andrecerti program managementfrom receipt ofdrawing to delivery and Defense area. Manuals, Computer BasedTraining, etc.intheAerospace i.e., Technical publications, servicebulletins, Electronic well asaftermarket engineeringand supportservices, and DatabaseManagement .IHLdelivers engineeringas detail designandanalysis, prototyping, Software Design design, Development ofDigitalmockups, Tool design, Engineering serviceswingofIHLprovides Conceptual Limited) andHindustanAeronautics Limited(HAL).The CYIENT Ltd (formerly known asInfotech Enterprises Infotech HALLimited (IHL) FY 2019-20. skills. The operations ofthecompany willcommence in Act, 2013.This willenablemore focus onurbanmicro non-profi Cyient UrbanMicro Foundation SkillCentre (CUMSCF) the rapidly expanding market for UAV solutionsinIndia. capabilities andlocalpresence off combined withCyient’s manufacturing, aftermarket security agencies. BlueBird’s world-class technology Systems for Indiandefence, paramilitary andhomeland Systems Israel to design,manufacture, andmaintainUAV signed acollaboration agreement withBlueBird Aero technology requirements oftheDefence sector. CSS and system integration capabilitiesto address critical in technology IP, design,development, manufacturing reliance inDefence. Cyient hasbeenactively investing that refl Cyient’s commitment to theMake inIndiainitiative business intheIndianDefence Sector. CSS underlines Limited (CSS) was establishedto focus exclusively on Cyient SolutionsandSystems Private Limited (CSSPL) CIPL. execute projects. Resources andmarriesitto itsdatasciencecapability to Telecommunications, Utilities, andEnergy &Natural Defence, Heavy Engineering,Transportation, Medical, decades ofwork withverticals suchasAerospace & Insights bringsindomainspecialiststhrough Cyient’s customers withtheproven globaldelivery model.Cyient devices, andtheunmatchedcommitment to addvalue to of datagenerated bysensors embeddedinmachinesand capability to acquire, manageandanalyse vast amount Cyient Insightsstandsapartfrom itspeers withits learning capabilitiesandassociatedactionableinsights. ects thenation’s aspirations for increased self- torganisation undersection8oftheCompanies ers exceptional value to fi cation with 13. BOARD OFDIRECTORS &KEY MANAGERIAL CORPORATE SOCIALRESPONSIBILITY 12. BUSINESS RESPONSIBILITYREPORT 11. The quality managementsystem (QMS) isatestimony 10. QUALITY IHLiswell positionedto undertake work from various under section149(7)oftheAct. Directors have provided con fi Requirements) Regulations, 2015.All Independent or undertheSEBI(ListingObligations andDisclosure under theprovisions oftheCompanies Act, 2013(‘Act’) None ofthedirectors ofthecompany isdisqualifi PERSONNEL Annexure ‘B’. this annualreport. The CSR AnnualReport isenclosedas An elaborate report onCSR ispublishedelsewhere in to caterexclusively to theskilldevelopment initiatives. Cyient UrbanMicro Skill Centre Foundation (CUMSCF) licensed undersection8oftheCompanies Act,2013, year, thecompany alsosetupawholly owned subsidiary are conducted through Cyient Foundation. Duringthe as muchcreating businessimpact.The CSR initiatives company itshouldtake into account itsimpactonsociety goes beyond charity andbelieves thatasaresponsible the needsofallstakeholders. The company’s CSR initiative Corporate Social Responsibility (CSR) aimsatbalancing measure thatisproportionate to itssuccessinbusiness. Your company believes ingiving backto society insome as Annexure ‘A’. Business Responsibility Statement. The sameisenclosed Regulations, 2015,thecompany ispublishingthe In pursuance ofRegulation 34oftheSEBI(LODR) elsewhere intheannualreport. Version 2.0).Quality policy andobjectives are mentioned CMMI-DEV Version 1.3Level 5(pursuing CMMIDEV 14001:2015, BS-OHSAS 18001-2007,ISO 20000and ISO 22163:2017-(IRIS), TL- 9000R6.0/R5.5V, ISO 9001:2015, ISO27001:2013,AS 9100D,ISO13485:2016, renowned quality standards andmodelslike ISO practices thatare alignedwiththeinternationally derived andoptimized withexperiences andbest defect-free deliverables. processes thathave always assured themoftimely class quality; theclientstruststrength ofquality developed areputation for providing itsclientswithworld True to theimageasaglobalplayer, thecompany has eff profi customer expectations andenhancethelevel ofbusiness engineering servicesandsolutionsthatexceed Your company iscommitted to creating anddelivering management ofmanufacturing atourapproved vendors”. off OEMs underoff orts are allpervasive, beginningwithastatedgoal. shore execution ofprojects withonsiteprogram tability. Your company’s quality implementation set program. IHLservicesleverage rmationsascontemplated ed 65 Annual Report | 2018-19 66 Annual Report | 2018-19 Ontherecommendations oftheLeadership, Nomination Inaccordance withtheprovisions oftheCompanies 14. POLICY ONDIRECTORS’ APPOINTMENT AND Mr. B.V.R. Mohan Reddy, Executive Chairman;Mr. Krishna Key ManagerialPersonnel Mr. K.Ramachandran, Mr. JohnPaterson and Pursuant to theprovisions ofregulation 36oftheSEBI Mr. B.V.R.Mohan Reddy hasbeenre-appointed as e Gour, asIndependentDirectors oftheCompany with Mr. Vikas Sehgal,Ms. Matangi Gowrishankar and Mr. Vivek and Remuneration Committee, theBoard appointed Executive, Non-IndependentDirector, w.e.f. 7October 2018. Mr. M.Murugappanwas re-designated asaNon- o executive Director retires byrotation andbeingeligible, Mr. M.Murugappan,non-independentand Act, 2013andArticlesofAssociationtheCompany, Appointments/Re-appointments report, whichforms partofthedirectors’ report. of theActhave beendisclosed inthecorporate governance remuneration andothermatters provided insection 178(3) The Company’s policyondirectors’ appointmentand REMUNERATION ANDOTHER DETAILS Managerial Personnel duringthefi Rules, 2014.There hasbeennochange intheKey (Appointment andRemuneration ofManagerial Personnel) 203 oftheCompanies Act,2013read withtheCompanies accordance withtheprovisions ofSection(s)2(51),and are Key Managerial Personnel oftheCompany in CFO andDr. Sudheendhra Putty, Company Secretary Bodanapu, Managing Director & CEO; Mr. Ajay Aggarwal, directors for theircontribution duringtheirtenure. at theconclusion ofthe28 as independentdirectors ontheboard ofthecompany Ms. Andrea Bierce willcomplete theirrespective terms an annexure to thenoticeconvening theAGM. proposed to beappointed/re-appointed are provided as Meetings issued byICSI, briefparticulars ofthedirectors Regulations, 2015andSecretarial Standard 2onGeneral (Listing ObligationsandDisclosure Requirements) approval ofshareholders. in theirmeetingheldon25April2019,subjectto the and approved bytheBoard ofDirectors oftheCompany Leadership, NominationandRemuneration Committee on thetermsandconditions asrecommended bythe Company w.e.f 25April2019for aperiodof re-appointed asaManaging Director &CEO ofthe till 31March 2020andMr. Krishna Bodanapuhasbeen Executive ChairmanoftheCompany w.e.f 25April2019 appointment asIndependentDirector for asecond term. 2019 respectively. Mr. Som Mittal isbeingproposed for re- ff ff ectfrom 17October 2018,25April2019and ers himselffor re-appointment. Duringtheyear, th AGM.The board thanksthe nancial year. fi ve (5)years Feedback onmanagementsupportto theBoard The evaluation process elicitsresponses from • Evaluation oftheperformance oftheExecutive • Evaluation oftheperformance andeff • Evaluation oftheperformance andeff • Peer andself-evaluation ofperformance ofdirectors • Inorder to facilitate thesame,board undertook By focusing ontheboard asateamandonitsoverall Improved Chairman-Managing Director -Board • Greater clarity withregard to members' roles and • Better collaboration andcommunication • • More eff BOARD EVALUATION ANDASSESSMENT 16. NUMBEROFBOARD MEETINGS DURINGTHEYEAR 15. committee charters, strategy, riskmanagement and and governance. Italsosoughtfeedback onboard and composition andinductionoftheboard to eff the directors inajudicious manner-ranging from covers thefollowing aspects: stewardship for theprocess. The evaluation process Nomination &Remuneration Committee hasoverall in SEBI(LODR) Regulations in2018.The Leadership, of Indiaon5January2017andtheamendmentsbrought Evaluation issuedbytheSecurities andExchange Board functioning asprovided bytheGuidanceNoteonBoard eff criteria suchastheboard composition andstructure, after seekinginputsfrom allthedirectors andincluded during 2018-19.The board evaluation was performed a formal board assessmentandevaluation process improves. and overall level ofparticipationandengagementalso performance, thecompany ensures thatcommunication in: board accountability, evaluation ofboard members helps performance andeff for directors to assesstheirindividual andcollective the company, evaluations provide anongoingmeans for greater board accountability andeff is apotentially e board andoftheindividual directors, onanannualbasis, The company believes thatformal evaluation ofthe governance. the detailsofwhichform partofthereport oncorporate During theyear, sixmeetingsoftheboard were held, ectiveness ofboard processes, information and Chairman andtheManaging Director &CEO Board Committees the board relations responsibilities and ective board processes ff ective way to respond to thedemand ectiveness. Inadditionto greater ectiveness. For ectiveness. ectiveness of ectiveness of ectiveness Duringtheyear, thestatutory auditors andsecretarial AUDITORS’18. REPORT ANDSECRETARIAL AUDITORS’ 17. AUDITORS 20. CONSERVATION OFENERGY, RESEARCH AND EMPLOYEE STOCK OPTIONPLANS 19. Report ofthesecretarial auditor isgiven asanannexure Accordingly, basedontherecommendations oftheAudit committed intheCompany byitsOffi auditor have notreported any instancesoffrauds adverse remarks. report donotcontain any qualifi The statutory auditors’ report andsecretarial auditors’ REPORT the noticeconvening theAGM. Company. Accordingly, requisite resolution forms partof 2024, subjectto theapproval oftheshareholders ofthe of themaximumperiodtwo termsoffi (ICAI Firm Registration No. 008072S), onthecompletion M/s. Deloitte Haskins&Sells, Chartered Accountants Company to rotate itscurrent statutory auditors, Rules, 2014madethereunder, itismandatory for the read withRule6oftheCompanies (Audit andAuditors) Pursuant to Section139(2)oftheCompanies Act,2013 not participateintheevaluation process. management. The independent directors concerned do regulations andthatthelatter are independentofthe independence criteriaasspecifi The evaluation process alsoensures thefulfi quality ofdiscussionanddeliberations attheboard. of the33 scheduled to beheldintheyear 2019tilltheconclusion The detailsare enclosedasAnnexure ‘E’. FOREIGN EXCHANGE EARNINGS ANDOUTGO DEVELOPMENT, TECHNOLOGY ABSORPTION, said regulations isenclosedasAnnexure ‘D’. Benefi and Exchange Board ofIndia(Share BasedEmployee and itssubsidiaries, inaccordance withtheSecurities two ASOP schemesto theassociatesofcompany During theyear, thecompany hadgranted optionsunder companies inIndia. also obtainedthesecretarial auditreport for itssubsidiary which forms partofthisreport (Annexure ‘C’). Company Companies Act. to theAuditCommittee undersection 143(12)ofthe of the28 for aperiodoffi statutory auditors oftheCompany, whowillholdoffi (ICAI Firm Registration No. 101049W/E300004) asthe the appointmentofM/s. SRBatliboi&AssociatesLLP meeting heldon17January2019,have recommended Committee, theBoard ofDirectors oftheCompany, atits ts) Regulations, 2014.Disclosure pursuant to the rd AnnualGeneral Meeting to beheld intheyear th AnnualGeneral Meeting oftheCompany ve consecutive years from theconclusion cations, reservations or ed intheapplicable cers or Employees ve years each. let of lment ce EXTRACT OFANNUAL RETURN(MGT 9) 25. Duringtheyear noneofthe transactions withrelated RELATED PARTY TRANSACTIONS 24. 23. PARTICULARS OFLOANS, GUARANTEES AND Further, there are noqualifi they have devised proper systems to ensure compliance vi. . they have laiddown internalfi v. they have prepared theannualaccounts onagoing iv. they have selectedsuchaccounting policiesand ii. inthepreparation oftheannualaccounts, the i. DIRECTORS’ RESPONSIBILITYSTATEMENT 22. MANAGEMENT DISCUSSION &ANALYSIS 21. i. they have taken proper andsuffi iii. as Annexure ‘H’. under theprovisions ofsection92theAct isenclosed The extract oftheannualreturn inForm MGT 9asrequired Form AOC-2 andisenclosedasAnnexure ‘G’. 8(2) oftheCompanies (Accounts) Rules, 2014are given in pursuant to section134(3)(h)oftheActread withrule the Act.Information ontransactions withrelated parties parties were covered underthescope ofsection188(1) been disclosedinthestandalonefi The particulars ofloans, guarantees andinvestments have INVESTMENTS Secretarial Auditors intheirrespective reports. adverse remarks madebytheStatutory Auditors/ ability, confi board ofdirectors, to thebestoftheirknowledge and Pursuant to Section134oftheCompanies Act,2013,the Annexure ‘F’. on Management Discussion&Analysis isenclosedas Disclosure Requirements) Regulations, 2015,areport with ScheduleVoftheSEBI(ListingObligationsand Pursuant to theprovisions ofRegulation 34read systems were adequateandoperating eff with theprovisions ofallapplicablelaws andthatsuch controls are adequateandoperating eff followed bythecompany andsuchinternalfi concern basis; irregularities; for preventing anddetectingfraud andother safeguarding theassetsofcompany and in accordance with theprovisions oftheActfor maintenance ofadequateaccounting records profi Company attheendoffi give atrueandfair view ofthestateaff estimates thatare reasonable andprudentsoasto applied themconsistently andmadejudgments and there are nomaterialdepartures; applicable accounting standards have beenfollowed t ofthecompany for thatperiod; rm that: cations, reservations or nancial year andofthe nancial statements. nancialcontrols to be cient care for the for care cient ectively. ectively; airs ofthe nancial 67 Annual Report | 2018-19 68 Annual Report | 2018-19 . Average percentile increase already madeinthesalaries e. Thenumberofpermanentemployees ontherolls of d. . Thepercentage increase inthemedianremuneration of c. There isnochangeintheremuneration ofNon-Executive . Theratio oftheremuneration ofeachdirector to the a. PARTICULARS OFEMPLOYEES 26. The extract oftheannualreturn ofthecompany isalso . Thepercentage increase inremuneration ofeach b. *Sincethisinformation isfor partoftheyear, thesameis and justifi percentile increase inthemanagerialremuneration in thelast fi of employees otherthanthemanagerial personnel Company: 12,287 employees in thefi Director compared withlastyear. company secretary inthefi for thefi median remuneration oftheemployees oftheCompany given below: Remuneration ofManagerial Personnel) Rules, 2014are read withrule5(1)oftheCompanies (Appointment and The information required underSection197oftheAct investors. uploaded onthecompany’s website atwww.cyient.com/ director, chiefexecutive offi not comparable. .. oa ed 8.00% Sudheendhra Putty Ajay Aggarwal Krishna Bodanapu B.V.R Mohan Reddy Krishna Bodanapu B VRMohan Reddy Non-Independent) M.M. Murugappan(Non-Executive & Vinai Thummalapally Vikas Sehgal* Andrea Bierce John Paterson Som Mittal K. Ramachandran Independent Directors Directors, ChiefExecutive Offi xctv ietr Ratioto Medianremuneration Executive Directors Chief FinancialOffi nancial year: Company Secretary cation thereof and pointoutifthere are nancial year anditscomparison withthe nancial year: cer and nancial year: cer,chief cer, 8.16% 131.86 169.30 remuneration in fi fi % increase in nancial offi nancial nancial year 10.40% 21.70% 8.30% the 1.63 4.88 1.63 4.88 4.88 1.63 1.63 cer, . EnhancedtheInternalweb portal–‘also ensured 2. Heldawareness sessionsonaquarterly basisatall 1. Duringtheyear, thecompany conducted awareness The company hasinplaceanAnti-Sexual Harassment 27. PARTICULARS RELATING TO THESEXUAL g. . Nominatedassociatesto attend women safety 5. NominatedthePOSH panel(across Indialocations) 4. Have madePOSH MODULEasMandatory inthe 3. The Company affi A f. The average annualincrease was around 8.16%.andthe campaigns atalllocationsinIndia the company are covered underthispolicy. received regarding sexual harassment. Allassociatesof Committee hasbeensetupto redress complaints Prohibition andRedressal) Act,2013.InternalComplaints Harassment ofWomen attheWorkplace (Prevention, Policy inlinewiththerequirements oftheSexual provisions ofthePOSH Actandrightsthereunder. involved inensuringthattheassociatesare aware ofthe sexual harassment. Your company hasbeenactively that isfree from discriminationandharassment including always endeavours to create andprovide anenvironment through various policiesandpractices. The company free workplace for every individual working initspremises Your Company hasalways provided asafe and harassment 2013 (PREVENTION, PROHIBITION ANDREDRESSAL) ACT, HARASSMENT OFWOMEN AT WORKPLACE may writeto theCompany Secretary. shareholder interested inobtainingacopy ofthesame inspection attheRegistered Offi of Managerial Personnel) Rules, 2014isopenfor 5(2) oftheCompanies (Appointment andRemuneration required underSection197(12)oftheActread with Rule The statementcontaining particulars ofemployees as remuneration policyoftheCompany. remuneration oftheCompany: policy average annualincrease managerialpersonnel 8.15% managerial remuneration: any exceptional circumstances for increase inthe ffi rmation thattheremuneration isasperthe more by in-housewomen leaders and‘fl locations inIndiathrough specifi sessions. requirements CII for better understanding oftheActandits by various organizations suchasIWN,NHRDand to attend related sessionsonPOSH beingconducted digital induction. associates.

online anddigital rms remuneration isasperthe learningthrough dcafe for ce oftheCompany. Any c connect sessions oor connect‘

The Company hasformulated andpublishedaWhistle Policy ondealingwithrelated party transactions is Policy for determiningmaterialsubsidiariesofthe Detailsofthefamiliarization programme ofthe 30. DISCLOSURE REQUIREMENTS Your Company willcontinue to upholdthetruespirit 29. CORPORATE GOVERNANCE Amore detailed analysis oftheriskmanagementin The board ofdirectors hasformed ariskmanagement 28.RISK MANAGEMENT Duringtheyear, two caseswere registered andboththe Devised planofactionfor fi 6. the provisions ofthesection177(9)Actand concerns. The provisions ofthispolicyare inlinewith including directors oftheCompany to report genuine Blower Policy to provide VigilMechanism for employees cyient.com/investors/corporate-governance). available onthewebsite oftheCompany(http://www. governance). (http://www.cyient.com/investors/corporate- Company isavailable onthewebsite oftheCompany governance). Company independent directors are available onthewebsite ofthe of corporate governance isenclosedasAnnexure ‘I’. Auditors’ Certifi board committees are alsoprovided therein alongwith part oftheAnnualReport. Full detailsofthevarious Disclosure Requirements) Regulations, 2015forms Code stipulatedunderSEBI(ListingObligationsand pursuant to theprovisions ofCorporate Governance governance practices. Areport onCorporate Governance of Corporate Governance andimplementthebest analysis report publishedelsewhere intheannualreport. company ispublishedinthemanagementdiscussionand reviewed. mechanism hasbeenputinplaceandthesameisregularly controls. Acomprehensive enterpriseriskmanagement has additionaloversight inthearea offi and ensuringitseff is responsible for reviewing theriskmanagementplan the riskmanagementincompany. The committee committee to identify, evaluate, mitigateandmonitor year. complaints eitheratthebeginningorend ofthefi and inaccordance withthelaw. There are nopending cases have beenclosedwithinthestipulatedtimelimits (http://www.cyient.com/investors/corporate- cate regarding compliance ofconditions ectiveness. The auditcommittee nancial year 2019. nancial risksand nancial Except asotherwise stated, allthenumbersin Note: Date: 25April2019 Place: Hyderabad Your directors wishto placeonrecord theirdeepsense The board ofdirectors expresses itsthanksto the 32. ACKNOWLEDGMENTS The CEO/CFO certifi Pursuant to theprovisions ofRegulation 17oftheSEBI 31. CEO’s DECLARATION There are noorders passedbytheregulators orcourts associates ofthecompany atalllevels. of appreciation for thecommitted servicesofthe support inallfuture endeavours. Stock Exchanges andothers andlookforward to their Companies, SecuritiesandExchange Board ofIndia,the Bank ofIndia,MinistryCorporate A tax authorities, theMinistryofCommerce, theReserve and Information Technology, theDirect andIndirect Commissioners -SEZ,DepartmentofCommunication the Software Technology Parks ofIndia,Development of theCentral andState Governments, particularly of thesupportextended bythevarious Departments year. Your directors would like to make aspecialmention bankers for theirsupportto thecompany duringthe company’s customers, shareholders, vendors and Annexure ‘K’. Disclosure Requirements) Regulations, 2015isenclosed Regulation 15oftheSEBI (ListingObligationsand Conduct ofthecompany isenclosedasAnnexure ‘J’. company have affi the board andtheseniormanagementpersonnel ofthe & CEO ofthecompany declaringthatallthemembers of Regulations, 2015,adeclaration bytheManaging Director (Listing ObligationsandDisclosure Requirements) Company’s operations infuture. or tribunalsimpactingthegoingconcern status and com/investors/corporate-governance). Requirements) Regulations, 2015(http://www.cyient. Regulation 46ofSEBI(Listing ObligationsandDisclosure Directors’ Report are onstandalonebasis. rmed compliance withtheCode of cation to theboard pursuant to For andonbehalfoftheBoard B.V.R. MohanReddy Executive Chairman ff airs/Registrar of (DIN-00058215) 69 Annual Report | 2018-19 70 Annual Report | 2018-19 growth for thecompany. Stuttgart markinganew chapterof contemporary, modernfacility in Our Germanyoffi cemoved toa Business Responsibility Report Section A:GeneralSection Information abouttheCompany Section C:OtherInformationSection Section B:FinancialDetailsSection oftheCompany iaca errpre 1April 2018-31March 2019 Three key products/services manufactured/ 8 Sector(s) thattheCompany isengagedin Financial year reported 7 Emailaddress 6 5 Doany otherentity/entities (e.g. suppliers, distributors etc.)thattheCompany doesbusiness 3 DotheSubsidiary Company/Companies participateintheBRInitiatives oftheparent DoestheCompany have any Subsidiary2 Company/ Companies? 1 1 4thFloor, 'A'Wing,Plot No. 11,Software, UnitsLayout, Infocity, Cyient Limited Website 4 Registered address Nameofthe Company 3 Corporate Identifi 2 1 2 Listoftheactivities inwhichexpenditure in4 5 Total spendingonCSR aspercentage ofpro 4 3 bNme fNtoa oain 8Locations Markets served bytheCompany- Local/State/ 10 NumberofNationalLocations 9b NumberofInternationalLocations (Provide 9a Total numberoflocationswhere businessactivity 9 provided bytheCompany (industrial activity code-wise) such entity/entities? [Lessthan30%,30-60%,More than60%] with, participateintheBRinitiatives oftheCompany? Ifyes, thenindicatethepercentage of company? Ifyes, thenindicatethenumberofsuchsubsidiarycompany(s) Paid upcapital(`) Total turnover(`) above hasbeenincurred after tax Total profi National/International details ofmajor5) is undertaken bytheCompany t aftertax(`) cto ubr(I)L72200TG1991PLC013134 cation Number(CIN) fi t 555,572,945 16,149,132,286 4,406,693,088 5. Social Innovation –LVPEI Srujana Innovation center. 4. Healthcare to theNeedy 3. ITLiteracy to Community through DigitalLiteracy Mission 2. Community Development 1. Improve theQuality Education through 1.82% (73/4,018)(2%ofaverage of 3preceding fi . . . . 62099-Other information technology &computer serviceactivities [email protected] www.cyient.com Madhapur Hyderabad, Telangana -500081 International Melbourne -Australia; Singapore –Singapore East Hartford -USA; London -UK; Leonberg -Germany; Full listforms partofthisAnnualReport realization transportation segmentsfor publicandprivate realm &product analytics, bigdataconsulting, IoTandM2M to theutility and Data transformation andanalytics serviceslike advanced utilities andtelecom sectors navigational datamapping,location-basedservicesto the Geospatial serviceslike photogrammetry, remote sensing application software development &IPandalliedservices along withsemi-conductor designservices, engineering Design LedManufacturing inmechanicalandelectronic domain manufacturing, electricalengineeringetc. manufacturing &infrastructure verticals inmechanical,plant, Engineering servicesaddressing engineeringsolutions 30%-60% Yes Yes, 11Subsidiaries , 11Subsidiaries nancial years) Annexure-A 71 Annual Report | 2018-19 72 Annual Report | 2018-19 . Details ofcompliance (Reply inY/N) 3. b) a) Details ofDirector/s responsible for BR 1. D:BRInformationSection . Principle-wise (asperNVGs) BRPolicy/policies 2. Legend: 1-www.cyient.com 2-Available onthecompany’s intranet S.No. rnil Businessesshouldengagewith andprovide value to their Principle 9 rnil Businessesshouldsupport inclusive growth andequitable Principle 8 rnil Businesses, whenengagedinfl Principle 7 rnil uiesssol epc n rmt ua ihsPOSH, CSR Policy& Prevention of Businessshouldrespect, protect andmake e Businessesshouldrespect andpromote humanrights Principle 6 Principle 5 rnil uiesssol rmt h elbigo l mlye POSH, EOHS, Maternity, Medical Businessesshouldrespect theinterests ofandberesponsive Businessesshouldpromote thewell-being ofallemployees Principle 4 Principle 3 rnil Businessesshouldprovide goodsandservicesthatare safe and Principle 2 rnil Businessesshouldconduct andgovern themselves withEthics, Principle 1 0 Has theCompany carriedoutindependentaudit/evaluation ofthe 10. .DoestheCompany have agrievance redressal mechanismrelated 9. DoestheCompany have in-housestructure to implementthe 8. Hasthepolicybeenformally communicated to allrelevant internal 7. 6. DoestheCompany have aspecifi 5. Hasthepolicybeingapproved bytheBoard? Ifyes, hasitbeen 4. Doesthepolicyconfi 3. Hasthepolicybeenformulated inconsultation withtherelevant Doyou have policy/policies for....2. 1. Principles Details ofthedirector responsible for implementationofBRpolicies Details ofBRhead: Email Contact number 5 4 DINnumber 1 Designation Name 3 2 Designation Name 3 DIN number 2 1 to thepolicy/ policies? to thepolicy/policies to address stakeholders’ grievances related policy/policies? and external stakeholders? Indicate thelinkfor thepolicyto beviewed online?(seelegendbelow) working ofthispolicybyaninternalorexternal agency? Director/Offi signed bytheMD/owner/CEO/ appropriate Board Director? If yes, specify? stakeholders? customers andconsumers inaresponsible manner development policy, shoulddosoinaresponsible manner the environment disadvantaged, vulnerable andmarginalized towards allstakeholders, especially thosewhoare contribute to sustainability throughout theirlife cycle Transparency andAccountability cial to oversee theimplementation ofthepolicy? rm to any national/internationalstandards? Questions ed committee oftheBoard/ Description uencing publicandregulatory +91-40-67641000 Executive Chairman B.V.R. Mohan Reddy 00058215 President -Corporate Aff B. AshokReddy 01848553 [email protected] ff orts to restore P YYYYYYYYY YYYYYYYYY YYYYYYYYY YYYYYYYYY YYYYYYYYY YYYYYYYYY YYYYYYYYY YYYYYYYYY YYYYYYYYY 122122122 1 P 2 airs &Infra Procurement Guidelines Diversity andInclusionpolicy Modern Slavery Statement, Anti-fraud Codes ofconduct, Anti-bribery/ EOHS Policy CSR Policy sexual harassment EOHS &information security policy and Leave policy Codes ofConduct, WhistleBlower P 3 P 4 Company’s Policy P 5 P 6 P 7 P 8 P 9 . Governance related to BR 4. to thesatisfaction ofthestakeholders. company’s Report onCorporate Governance. Duringthefi Cyient Limitedhasa transparent grievance mechanismanddetailsoftheinvestor complaints anddisposalsare discussedinthe Grievance Mechanism uniformity, transparency andfairness indealingwithallitsstakeholders. policy inplace“Code ofpractices andprocedures for fair disclosure ofunpublishedpricesensitive information” to maintain deployed ‘DataLeakPrevention (DLP)tool to protect theorganisation andcustomer intellectual property. We have arobust emphasis onprocess improvements anddeploy additionaltools to enhanceinformation andcybersecurity controls. We have Company endeavours to preserve theconfi We acknowledge theneedsofclientinprotecting their personal andcon Data Privacy blowing ingoodfaith. to provide necessarysafeguards for protection ofassociates, clientsandvendors from reprisals orvictimization, for whistle highest possiblestandards ofethical, moral andlegalbusinessconduct anditscommitment to opencommunication. Moreover, The policyprovides theassociates, clients, vendors anavenue to raise their concerns inlinewithCyient‘s commitment to the Whistle Blower Policy suggestions andfeedback to thelegalcellofCompany atthedesignatede-mail. Cyient Limitedalsoprovides aplatform for employees, employee’s representatives andotherstakeholders to submittheir punishing any violationsoftheAnti-briberylaws andotheranti-corruption laws. organisation anditssubsidiarieswhohave anobligationto have adequateprocedures for monitoring, detecting,preventing and in alltheactivities andbusinessdealingsofCyient Limited.Itsetsforth thepolicyofzero tolerance to ofbriberyapplicable the Anti-corruption policyprovides adetailedguidanceonthebusinessethics, values, policiesand procedures to prevent bribery Anti-Corruption Policy Vigil Mechanism policy for determinationofmateriality, policyonrelated party transactions etc.strengthen ourcorporate governance system. procedures for fair disclosure ofunpublishedpricesensitive information. OtherpoliciesincludingourBoard Diversity policy, of conduct for Directors andSeniorManagement, code ofconduct for prevention ofinsidertrading, code ofpractices and the corporate governance practices. The company hasseveral policiesguidedbythe‘Code ofConduct’ whichincludescode The Company hasadopted‘Code ofConduct’ for itsBoard ofDirectors andseniormanagement personnel inorder to strengthen ofConduct Code by maintaininghigheststandards ofcorporate ethics andgoodgovernance practices keeping ourcore values intact. with clients, stakeholders andassociates. We strongly believe thatourvisionof‘DesigningTomorrow Together’ canbeachieved Cyient Limitedisguidedbythevalues ‘FIRST’ (Fairness, Integrity, Respect, Sincerity andTransparency) across allourrelati Our Values and highethicalmoral standards. and enabletheseniormanagementevery employee ofthecompany to conduct businesswith utmostintegrity, commitment Conduct, ourvigilmechanism, dataprivacy policiesandtools, aswell asourgrievance mechanism.These are thetools thatgui Cyient Limitedcreates longtermvalue for stakeholders through unwavering adherence to theFIRST values, ourCode of Principle 1:Businessesshouldconduct andgovern themselves withEthics, Transparency andAccountability E:PrincipleSection wisePerformance No. 1 .Any otherreason (pleasespecify) Itisplannedto bedonewithinthenext 1year 6. Itisplannedto bedonewithinnext 6months 5. 4. The Company doesnothave fi 3. The Company isnotatastagewhere it The Company hasnotunderstood thePrinciples 2. 1. related to BR Governance available for thetask formulate andimplementthepoliciesonspecifi The company isintheprocess ofadoptingsustainability reporting guidelines investors/corporate-governance/ ) the BusinessResponsibility Report annually inthe AnnualReport. (https://www.cyient.com/ The BRperformance ofthecompany isassessedevery 3–6months. The company publishes Questions dentiality ofun-publishedpricesensitive information andprevent itsmisuse.We lay nancial ormanpower resources fi nds itselfinapositionto nancial year, 111complaints were received andallhave beensolved ed principles fi dential dataduringtheirdealingwithus. The 1P 3P 5P 7P P9 P8 P7 P6 P5 P4 P3 P2 P1 Not applicable onships de

73 Annual Report | 2018-19 74 Annual Report | 2018-19 Case Study:Case Predictive Analytics Solutionfor O The following isanoverview ofourgoodsandserviceshow they are aligned withsustainability: problems. We leverage thepower ofdigitaltechnology to off diff our clientsachieve theiroperational andbusinessgoals. Cyient’s technicalexpertise, domainknowledge, andserviceoff From quieterfl life cycle. Principle 2:Businessesshouldprovide goodsandservices thatare safe andcontribute to sustainability throughout their • Digital Reality • Augmented Reality • Mobility • Additive Manufacturing • Analytics Internet ofThings • Digital • Data maintenance • Asset management • Operations support • Aftermarket services Operate &Maintain: • Geospatial Systems &applications data • Electronics &mechanical • Build: Networks &operations • • Product engineering Design: Services Benefi Key Business Solution statement Problem erentiate usasaDesign,Build,Operate &Maintain Partner, committed to meetingourClient’s needsandsolving more manufacturing ts Services ights andsafer train ridesto more reliable energy supply, we strive to provide comprehensive solutionsthathelp Predictive Analytics Solution for Off Maintenance eff • Increased effi • 13%improvement inoverall assetproductivity Productivity improvement: and performance through executive andassetmanagerself-service dashboards • Improved managementofassetmaintenance schedules • 10%reduced assetdowntime • 8%reduction inmaintenancecosts upon theassetriskcategoriescreated, to helpevaluate theestimatedremaining usefullife oftheasset. model assessingtherelative performance ofanassethealth,ranging from 100(new) to 0(failed) based predict thecatastrophic premature failure riskbefore plannedmaintenance.We created apredictive which evaluate amachine’s exception orrepair history, operating andmaintenance practices, etc.to will fail andalignreplacements withplannedmaintenanceschedules. We alsobuiltpredictive algorithms, We designedanensembleofadvanced analytics solutionsthatcould predict whenassetcomponents replacing components before failure. downtime andproduction lossesbyeff eff to helpthemreduce theircost ofoperations andimprove theassetlongevity through informed and Our clientisoneoftheworld’s leadingmanufacturers ofoff • Additionalinsights, whichcanbeutilized bytheend-user for operations andequipmentmonitoring • Potential reduction inparts inventory withinthedealer/operations network Value addto external stakeholders: ective decision-makinginthemaintenanceofanassetanditscomponents. They wanted to reduce deploy end-to-end connected device • convert raw andunstructured data • buildtherightcapabilitiesto garner • Our solutionshelpbusinesses: performance ofourClient’s products. We enhancethequality, reliability and competitive through ourproducts. We helpourClientsstay agileand sustainable competitive advantage. that enableourclientsto achieve a We o We systems. generation ofproducts, networks and We partnerwithourclientsto designnext ciency of scheduling ectiveness: solutions seamlessly. into actionableinsights to create value insights thatenablebetter decisions ff er fl exible manufacturing services Value to ourClients ff -Highway equipment -Highway Equipment fl eet andindividual machinemaintenance er complete solutionsacross ourclients’value chains. ectively prioritizing maintenanceactivities andproactively level ofresources. maximizing the outputachieved withagiven to reduce ineffi of technology solutions, we enableourClients Through improved operation andmaintenance more problems. productivity, reducing ineffi decisions –whichmay leadto increasing insights, we empower themto make better By empowering ourClientsto accessmore reactive maintenancelife cycles. lines, andpredictive analytics to decrease performance ofourmachineryandproduct including smartsensors to monitor the Further we leverage digital technologies effi are continuously working onincreasing manufacturing andmechanicalmanufacturing Our manufacturing facilities for electronics material footprint ofthesesystems eff that are more effi Designing products networks andsystems ciency andenvironment management. ective, oftenleadsto lowering energy and -highway equipment.They approached us ciencies anddowntime, thereby Sustainability cient, faster andmore cost- ciencies and solving erings point, we have facilities teamsacross alllocationsthatdrive EHSinitiatives inpartnership withHumanresources. location oftheemployee andthekindoflearning,methodology isidentifi one learningmethodology viz., classroom, remote delivery, online,actionlearning,andmentoring. Dependingongeographic learning continue to beavailable onlinefor ouremployees. Blendedlearningisthenext prevalent withacombination ofmore t We have more than2000onlinecourses available for associatesatvarious levels. Besides, bytesized learning,community based technologies; andleadership qualities. train ouremployees viafi clean andhygienic workspaces withawell-defi and growth opportunities to ourtalentalongwithensuringtheirhealthandsafety atworkplace. We provide ourassociateswith Cyient Limitedisanemployee-centric organisation whichfocuses oncreating awork environment thatprovides new learning Principle 3:Businessesshouldpromote thewellbeing ofallemployees. provide training to employees onvarious areas viz., role specifi We have alsopartnered withvarious academicinstitutions andconsulting companies globally for training anddevelopment. We completely alignedwithourvisionof‘DesigningTomorrow Together’ thatisaimedatnurturing andretaining thequality talent. on various parameters like generational diversity, genderknow your brand, self-dependence etc.The strategy ofourHRteamis innovation andcollaboration. We promote diversity andinclusionwithintheorganisation bybuildingawareness amongassociates We ensure agoodmixoflocalhires inourtalentacquisitionprocess andcarryoutemployee engagementinitiatives thatfoster in transportation strengthens ourinternalsecurity for ensuringemployee-safety atworkplace. of thefi in thelastfi forced labour, involuntary labour, sexual harassment Number ofcomplaints relating to childlabour, recognized employee association Percentage ofyour permanentemployees partof 2,676 recognized bymanagement Do you have anemployee associationthatis 16associatesinIndia Number ofpermanentemployees withdisabilities Number ofpermanentwomen employees contractual/casual basis Total numberofemployees hired ontemporary/ Total numberofemployees was satisfactorily resolved bythemanagement? received inthepastfi How many stakeholder complaints have been Others? Joint Ventures/ Suppliers/ Contractors/ NGOs/ cover only the company orextend to theGroup/ Does thepolicyofcompany onhumanrights Employees withDisabilities • • Casual/Temporary/Contractual Permanent Women Employees Employees • • Permanent Employees up-gradation training inthelastyear: Percentage ofemployees were given safety &skill nancial year nancial year andpending,asontheend Parameter nancial year andwhatpercent re andmockdrillsto tacklesituations ofemergency. Ourwell-defi ned accesscontrol system. We regularly organise healthcheck-up campsand 0% No 688 12,287 any issuesandconcerns raised byouremployees . involved intheoperations oftheCompany. There are forums to dealwith Our anti-discriminationandanti-harassment policiesapply to everyone assured ofcomplete anonymity andcon fi to discrimination, retaliation andharassment. The complainants are We have various grievance redressal channelsto dealwithissuesrelated companies. Itisalsoapplicableto suppliers andcontractors. Yes. Policy applicableacross Cyient Ltd anditssubsidiariesa related to safety, security and wellbeing are regularly conducted sessions, mockdrills, classroom sessionsandperiodicdemonstrations enablement for thesafety andsecurity oftheemployees, awareness off gender, orphysical disability. OurLearningand Development group Our training programs cover all our employees irrespective ofrace, (Fiscal 2018): Child Development noti Prohibition andRedressal) Act,2013,andtheMinistryofWomen and as pertheSexual Harassment ofWomen atWorkplace (Prevention, The detailsofworkplace sexual harassment complaints inIndia,reported eulhrsmn 0 2 Discriminatory employment Sexual harassment involuntary labour Child labour/forced labour/ ers industry-benchmarked learningprograms to ensure talent ctraining; project group /functionspecifi Category ed andimplementedaccordingly. From safety view fi cation datedDecember9,2013are as follows Value /Description fi led duringthe fi ned security system andautomation nancial year complaints No of dentiality 0 00 ctraining; emerging No ofcomplaints on endofthe fi nancial year pending as 0 ffi liate han s

75 Annual Report | 2018-19 76 Annual Report | 2018-19 these initiatives have been describedinPrinciple 8. We carryoutvarious CSR activities through Cyient Foundation to give backto thesociety within whichwe operate. The details results ofthesurvey are analysed andimprovements are implemented. at itspremises. The Company alsoengagesanexternal agencyto carryoutanindependentInvestor Satisfaction Survey andthe the information gathered isthenassessedcarefully to ensure furtherimprovement. The Company hosts anannualInvestor Day at regular intervals every year inorder to assessandgaugethefeedback oftherespective stakeholders. Thorough analysis on Various surveys like customer satisfaction survey, associateengagementsurvey andinvestor satisfaction survey are conducted customers andthesociety andasdocumented/detailed elsewhere, caters to eachoftheirrequirements. Magnifi methods ofengagementare: Although, we engageinvarious activities thatrevolve around employee-centricity, someoftherecent highlightsofthese Case Study:Case Diversity andInclusionResource Groups to theirneedsinaneff company ensures rigorous stakeholder engagement inorder to assesstheirrequirements. We alsoensure timely response activities andexternal stakeholders asthecommunity members, NGO’s, individuals andfamily members ofourassociates. The Cyient Limitedhasmappeditsinternalstakeholders astheassociatesvolunteering theirmanhours for theorganisational are disadvantaged, vulnerable andmarginalized. Principle 4:Businesses shouldrespect theinterests of, andberesponsive towards allstakeholders, especially thosewho Case Study:Case ofwellness Launch app development ofemployees. with theHRfunction,introducing talentreview onsuccessionplanningandlaunchingofleadership programmes focus oncareer campaign initiatedbytheHealthPromotion Board inSingapore. Development initiatives like merging learninganddevelopment ‘E-Kincare app’to assesshealthrisks, participateinCorporate ChallengeoftheNational Steps Challengeandaphysical activity Some ofthenew healthandwellness initiatives launchedkeeping employee well-being inmindincludelaunchingofwellness app Desk (GHD) servicesfor associatesacross theglobefor faster queryresolution. level onanannualbasis, ASAT, athird party managedonlinesurveys onanannualbasis. The Company alsointroduced GlobalHelp Time andexpense (Concur) platform to expedite expense reimbursement process. Also, inorder to gaugeassociatesatisfaction facilitate day to day learningactivities. Cyient Limitedfacilities have DCafé for promoting virtual learningandalsolaunched Global Technology-driven: currency conversion barrier. collaboration amongtheassociates. These awards are easy to useinredeemable form thatwork across allGEOs withoutthe Star Performer awards recognize exceptional andorganization-wide contribution alsofoster asenseofbelongingnessand Monetary Recognition: Awards like Most Valuable Performer Bronze, Silver, andGoldfor Individuals andTeams; andthe and presence ofadashboard consisting ofsocialfeatures thatallows associatesto like/comment oneachreward. of peerrecognition vianon-monetaryrewards. Various features thathave ledto wideacceptanceisusageofappreciation notes Description Initiative ecito Cyient Limitedlays emphasisonbecoming aworkplace thatishometo adiverse group ofindividuals from Description Initiative Cyient: Our employees have enthusiastically embraced thisrewards andrecognition platform thatpromotes aculture We have work day implementationacross geographies covering 100%associates, implementedLMSto E-Kincare App various leadership andmentoring programmes for ourassociates. abled associates. We alsoorganise LGBT awareness sessionspostintroduction ofAct377apartfrom being self-independent etc.We organise sessionsfor themanagers aswell ashonour internalspecially- associates onvarious D&Iparameters like gender, generational diversity programmes, know your brand, We organise sessionsandpaneldiscussions withexperts from theIndustryinbuildingawareness among important policiesandprograms. diversity awareness withintheorganisation, planeducationalevents anddrive thechanges within disability,veterans aff We have D&IResource groups inplacewhosedriving focus isonkey areas ofdiversity, includinggender, gender, ageandsexual orientation. e to diff D&I Resource Groups ective manner. The company hasidentifi erent backgrounds andexperiences, Cyient isable ff ectively market to allgroups ofconsumers, from awiderange ofracial andethnicbackgrounds, assessment carriedoutandaccessto free ofcost onlineconsultations withDoctor. digitized medicalrecords, customized fi creation amongsttheassociatesbasedonitsoff promote thehealthandwellness ofemployees withintheorganisation. The appaidsawareness E-Kincare appisawellness applaunchedincollaboration withE-Kincare inJanuary2018to airs, cultural awareness, and health and wellness. The group aimsatcreating ed four key stakeholder groups includingassociates, investors, tness challenges, dietplansthatare based onthe erings thatinclude health riskassessment, of ITC for usingourpaperwaste from various workplaces for manufacturing recycled paper. e-waste (hard-disks, printers, oldsystems) to afi on thebasisofcontinuous monitoring afteroffi We frequently sende-mailsto ourassociatescreating awareness onwaste management,andproviding dataandobservations Waste management: car-pooling. carbon footprint bycreating awareness andmotivating employees to adoptless-carbon intensive modesoftransportation and Apart from reducing GHGemissionsthrough improved energy managementattheworkplace, we endeavour to reduce our GHG emissionsmanagement: Awareness buildingamongemployees andassociates to adoptpower saving measures suchasturning o • Procurement ofenergy saving equipmentincludingLEDlights, energy start rating ACmachinesetc. • Regular maintenanceofelectricmotors, AC’s and otherequipment. • Daily monitoring of heatloadonfl • Replacement ofexisting conventional lightingfi • Solar power procurement atManikonda location • We have undertaken various cleanenergy andenergy effi Energy management: ensure judiciousutilisationofenergy resources atworkplace. conventional lighting,regular maintenanceofelectricalequipmentandpromote awareness creation amongourassociatesto have adoptedvarious power saving initiatives like heatloadmonitoring onadaily basis, installationofLEDlightinginstead measures, reducing GHGemissionsbyoptimisingbusinesstravel viaSAP Concur andeff Various initiatives have beenlaunchedinthedirection ofeff management system to mitigateany environmental riskswithintheorganisation. optimal utilisationofnatural resources andminimalpollution causingactivities. Apartfrom thepolicy, we have environment (EOHS) Policy. Some oftheobjectives ofthispolicyappliesto allitssuppliers andcontractors whichdirects themto adopt within themanagementframework are righteously addressed byvirtue ofitsEnvironmental, OccupationalHealth&Safety Company hasarobust mechanism to ensure thatthe impactonenvironment ofitsactivities islimitedandhealth&safety risks Cyient Limitedisextremely conscious abouttheenvironmental impactoftheactivities itundertakes asanorganisation. The Principle 6:Businessshouldrespect, protect andmake eff Cyient’s commitment to transparent businesspractices andcommitment to protection ofworkers’ rights. modern slavery inourbusinessandsupply chains. Inadditionto ensuringcompliance withtheapplicablelaws, thisdemonstrates Slavery Statement onthecorporate website, whichoutlinesthestepsthatcompany hastaken to ensure thatthere isno Women (UnitedNationsEntity for GenderEquality andtheEmpowerment ofWomen). Cyient hasalsopublishedaModern Implementation ofthispolicyalsomakes uscompliant to theConvention ontheEliminationofallForms ofDiscriminationagain prohibit sexual harassment atthework place.The policyfurtherprovides for theredressal ofcomplaints ofsexual harassment. Workplace (Prevention, Prohibition andRedressal) Act,2013,thecompany has adoptedandimplementedaPolicy to prevent and to theadoptionofbestpractices, theprinciplesofValues FIRST andcompliance ofThe Sexual Harassment ofWomen at other thanwork placeifinvolving associatesisagrave o all associatesofthecompany, have therightto betreated withdignity andrespect. Sexual harassment atthework placeor that enablesemployees to work withoutfear ofprejudice, genderbiasandsexual harassment. The company alsobelieves that We asacompany are anequalemployment opportunity provider andare committed to creating ahealthy working environment Policy onSexual harassment and realization ofhumanrightsacross itsvalue chainincludingexternal stakeholders includingsuppliers andcontractors. to beconstituted bylaw, atallthelocationsinIndia.The company, withinitssphere ofinfl required as Committee, unethical behaviour andactual orsuspectedfraud. Further, we have alsosetupanInternalComplaints company includingsubsidiariesto approach theOmbudsperson ofthecompany andmake protective disclosures about by various organisational policies. We alsohave aneffi An effi Mechanisms to promote humanrights Bill ofHumanRights. our guidingframework for promoting humanrights. We strictly adhere to thehumanrightslaws andguidelinesoftheInternation We abidebythespiritofFundamental RightsandDirective Principles ofState Policy oftheIndianConstitution whichacts as Principle 5:Businessesshouldrespect andpromote humanrights. computers whennotinuse cient grievance redressal system isourcore mechanismfor addressing humanrightsinourorganisation, supplemented oors &othercriticalareas ce hours and duringweekends. Inthedomainofwaste disposal,we sellour rm approved bythe‘Pollution Control Board.’ Further, we have partnered with xtures withtheLEDfi ciency initiatives atourworkplaces including: cient whistleblower mechanismwhichenablesall associatesofthe ff ence andhence,punishable.Inkeeping withouravowed commitment ective environment managementwhichincludesenergy conservation orts to orts restore theenvironment. xtures withoccupancysensors uence, alsopromotes theawareness ective waste disposalmethods. We ff lightsand of st al 77 Annual Report | 2018-19 78 Annual Report | 2018-19 . Amnsrtv Sta Administrative 5. IndianInstitute ofTechnology, Hyderabad:4. MrBVR Mohan Reddy isappointedasthechairmanofBoard ofGovernors Developing DigitalTalent: MrReddy ispartofNitiAayog’s ExpertCommittee3. onevolving aRoadmap for ‘Development of 2. Atal AICTE RankingofInstitutions hasstartedimplementingseveral onInnovation Achievements oftherecommendations (ARIIA):To putforward bythecommittee. nurture theenvironment ofinnovation and The committee studied thecurrent stateofengineering educationacross thestatesinIndiadepthandforward Technical Education reforms inIndia:The AllIndiaCommittee1. for Technical Education (AICTE), undertheaegis ofUnion policy andsociety duringFY19. development inIndia.The following are afew activities underthemulti-pronged approach hehastaken to contribute to the education inIndia.Healsoworked relentlessly oninnovation, reskilling anddigitaltalentdevelopment, entrepreneurship In FY19,MrReddy hasspentsignifi company isalsorepresented onvarious committees andboards constituted bythe government onregulatory matters. universities andeducationalinstitutions broadens ourhorizons ofbusinessresponsibility. The seniormanagementofthe Company Secretaries ofIndia,theInstitute ofChartered Accountants ofIndiaandtheInstitute ofDirectors, besidesseveral Our cordial relations withprestigious bodiessuchastheIndianInstitute ofTechnology, IndianSchoolofBusiness, Institute Hyderabad Management Association The Federation ofTelangana andAPChambers ofCommerce andIndustry National HRDNetwork Indo-American ChamberofCommerce Global Compact Network India National AssociationofSoftware andServiceCompanies Indian Institute ofTechnology, Hyderabad Administrative Staff Atal Ranking ofInstitutions onInnovation Achievements All IndiaCommittee for Technical Education National Education Council –CII,Confederation ofIndianIndustry The Company ismemberofthefollowing associations: Principle 7:Business,whenengagedin . T-HUB: Promoting entrepreneurship in Telangana –recommendations6. andsuggestionsonlaunching aT-Fund (Telangana & HR’ inFebruary-March 2019andintroduced several novel pedagogy practices. students andfaculties, IITHwas ranked 10th.Hetaughta1-credit course to fourth year engineeringstudents on‘Leadership institutions anduniversities inIndiaonindicators related to “Innovation andEntrepreneurship Development” amongst In Atal Ranking ofInstitutions onInnovation Achievements (ARIIA) whichsystematically ranks allmajorhighereducational Framework byMinistryofHumanResource Development, Government ofIndia,IITHisranked 8thinNIRF-Engineering. existence), hasmadegreat stridesineducation and research. Intherecently publishedNationalInstitutional Ranking for thethird consecutive terminOctober 2018.Underhisleadership, IITHyderabad (whichisjustcompleting 10years of proactive stakeholder participation.This activity iswork-in-progress. training institutes; appropriate categorisationofdigitalwork; needto move from STEM educationto STEAM education; at undergraduate andpostgraduate levels; necessaryskillsto beimpartedatsecondary school,polytechnic andindustrial deeply andidentifi Digital Talent inIndia’with5-10year horizon. MrReddy studied thetechnicaleducationandtalentecosystem inthecountry of ranking was announcedonApril8,2019. committee for ARIIA2019ranking andplayed akey role indeveloping theevaluation criteriafor theranking. The fi and entrepreneurship development amongststudents andfaculties. BVR Mohan Reddy isthechairmanofevaluation major highereducationalinstitutions anduniversities inthecountry onindicators related to thepromotion ofinnovation (MHRD), launchedtheAtal Ranking ofInstitutions onInnovation Achievements (ARIIA). ARIIAaimsto systematically rank all entrepreneurship withinthehighereducationalinstitutions inthe country, theMinistryofHumanResources Development of faculty, pedagogy andcurriculaissueputforward itsrecommendations for thecorrective measures needed. address theissuesofexcess supply ofengineeringcapacity, pooremployability ofengineeringgraduates, poorcompetencies recommendations thatare relevant inshortandmediumtermsimpactingallthestakeholders. The recommendations evidence-based, andconsensus-based recommendations. The Committee putforward comprehensive perspectives and India: Short&Medium-term Perspectives. engineering educationlandscapeinthecountry andsubmitted itsreport inDecember2018titled,EngineeringEducation in for developing ashortandmedium-term perspective planfor technicaleducationinthecountry. The committee studied the Ministry ofHumanResources Development (MHRD), hasconstituted acommittee withBVR Mohan Reddy asitschairman Government Venture CapitalFund), asa SEBI-registered venture capital fundoperating inTelangana andbacked byState &Central directions inwhichASCI shouldgrow inthenext 5-10years. This activity iswork-in-progress. fi nancial institutions. Recommended theFund to receive asubscription from premier institutions such as College ofIndia(ASCI) ed issuesfor discussion.These include(butnotlimitedto) -demandandsupply issuesofdigitaltalent ff College ofIndia(ASCI)–AsparttheASCI College committee, chairman-Cyient beganexamining the cant timeinpromoting, reforming, reinventing highereducation,especially technical fl uencing publicandregulatory policy, shoulddosoinaresponsible manner. rst round of Cyient Limitediscommitted to giving backto thesociety withinwhichitoperates and environment, society andthecommunity asmuchitsvisionofdesigningtomorrow together. the needsandaddress theconcerns ofourstakeholders andendeavours to take into theconsideration oftheimpactithasonth all itsstakeholders. We strongly believe ingrowing together responsibly leadingto successofourbusiness. We aimatbalancing Cyient Limitedacknowledges itsresponsibility towards thesociety andsupportsinclusive growth andequitabledevelopment of Principle inclusive 8:Businessshouldsupport growth andequitabledevelopment. NationalSkillsDevelopment Corporation:Mr. Reddy serves asChairmanofSectoral SkillsCouncil ofNASSCOM andDirector 8. NationalEducation–CII:MrBVR Council Mohan Reddy electedastheco-chair ofNationalEducation Council, CII. 7. Case Study:Case Education Initiative -AdoptionofSchools&Support Children from EWSSections community development for VillageAdoption program thathelpedusinachieving highestcommunity participation. We alsocarriedoutimpactassessmentfor theinitiatives undertaken andreceived Andhra Pradesh State Government Award on ponged approach thatfocuses onhealth,digitalliteracy andcommunity development witheducationandinnovation atthecore. The Company undertakes theseinitiatives viaitsCorporate Social Responsibility armCyient Foundation whichadoptsathree- empower thecommunity. These four areas include: volunteers andown foundation. We alsoengageNGO’s andotherGovernment entitiesandwork infour thematicareas to carries outvarious initiatives undertheaegisof‘Corporate Social Responsibility’ andare undertaken through in-houseteam, we have chosenourinitiatives around education,literacy, skills, health,sanitationandcommunity development. The Company Description ntaieWe pre-primary support children alltheway through to highschoolstudents. Adoptingschoolsprimarily Initiative on theBoard ofNationalSkillsDevelopment Corporation NSDC). Corporation -TSFC, andSmall IndustriesDevelopment BankofIndia -SIDBI. Telangana State IndustrialandInfrastructure Development Corporation Limited-TSIIDC, Telangana State Financial Education classrooms andhadtrained theteachers ontheusageofaudio-visual equipmentand thetechnology on every Saturday andoutofbusinesshours. More than380associatessupportingtheexclusively smart to girlstudents. Ourassociatesalsoconduct Sports, Extra CurricularandMotivational sessionsperiodically using computers. More than1080+female associates dodeliver thecareer counselling andpersonal hygiene costs inexecuting ourinitiatives. They utilize theirvaluable timeinteachingcomputers, train theteachers on our associatesandtheirfamily members invarious CSR events tilldate.This directly reduce theoperational in realizing theirdreams. Inthecurrent year, 25300+volunteering hours (2300+hours permonth)are spentby More than3100enthusiasticCyient Associates across panIndiaare volunteering inenlightening thechildren Provide mid-day mealsandnutritionalsupplementsto schoolkids • Distributeschoolbags, notebooks, exam kitsandteaching aidsevery year • Appointmentofqualifi • Carryoutrestoration ofpower facilities inschoolbuildings • Infrastructure development suchasconstruction ofadditionalclassrooms for higherclasses, development • Conduct career guidanceandcounselling programs • Construction ofseparate washroom for girl students • We aimto provide basicfacilities andamenitiesattheseschoolswhichinclude: Karnataka, &Noida,Uttar Pradesh andisacontinued supporttilldate. at Serilingampally, Hyderabad, Telangana &Sarpavaram, Kakinada, East Godavari, Andhra Pradesh &Mysore, support 15,000+children from primaryeducationto highschooling.This initiative startedinJanuary2018 of Govt. schools, CYIENTFoundation hadadopted25 schoolsinandaround ourfacilities andpresently, we and dueto lackofbasicamenities. CYIENTintendsto improve thequality ofeducationthrough adoption the children from low socio-economic background discontinue educationdueto fi There isachallengeinincreasing new admissionsandreducing dropouts inGovernment Schools. Most of for benefi of play areas andproper fencing ofboundaryfor additionalsecurity. t ofchildren belongingto economically weaker ofsociety sections Development Community ed teachingstaff Empowering the Giving Back: Community

Literacy fl ourishes andaspartofthisprinciple, Aligned to Business nancial andsocialreasons Social change Innova ti on e 79 Annual Report | 2018-19 80 Annual Report | 2018-19 Case Study:Case ITLiteracy to communities through DigitalLiteracy Mission publish theresults ofimpactassessmentstudies. created byourCSR program is evaluated usingbenefi The total CSR expenditure ofthecompany intheseareas for thefi Study:Case “EngineeringtheEye”, Cyient’s Eye-care Initiative mat• Low-cost device for refractive error screening • Impact “EngineeringtheEye” isoureye-care initiative thatmeetsattheintersection ofbusinessandsocialinnovation. Social Innovation -Eye-Lens Project Description Initiative 70%students found theITEducation usefulwhilemore than9000students completed theirL1&L2ITliter- Impact The Company currently operates 57‘Cyient DigitalCentres’ providing DigitalLiteracy more –Cyient than24000peopleaccessto DigitalCentres Description Initiative Impact increase thescaleofinitiative. We have received hugerequests from thelocalcommunities andtheGovernment to adoptmore schoolsand 89%ofthestudents feel thatmealsupplements helpthemintheirstudies andbothstudents andteaching • 4%students shared thatthewashrooms are generally not cleanorneedrepairs paving way for another • 94.5%ofstudents felt thatthere are enoughwashrooms in theirschool.However, 5%felt thatthere aren’t• 86%ofthestudents whoreceived thissupportfound itusefulandthequality to be‘very nice’. 3%of • Improved teacherstudent ratio, although withscope ofimprovement asperRTE Act 2009 • An impactassessmentbytheThird party hasyieldedfollowing key fi • Received bestgovernment school’s awards incleanlinessandhygiene. • Received appreciation from STATE EDUCATION Departmentfor maintainingaround 1:30teacherto student • We have received great appreciation from Honourable President ofIndia,Governor ofTelangana &APand • The overall passoutrate hasimproved to 85%,overall dropouts reduced to 4%from 14%-New Admissions • GirlStudent Enrolment hadincreased to 54%inAdoptedschoolsbyimproving sanitationandwatch &ward, children. The initiative madearemarkable progress ingiving asgoodcorporate schoolseducationto underprivileged upcoming fi In thecurrent Financial year 2018spent`3.12Crores (asonFebruary ‘19)andbudgeted`3.25Crores for the • Program Monitoring •Evaluation •Reporting andDocumentation The monitoring andreporting mechanismisdivided into three distinctareas: their annualbudgetsandlistofprogrammes, projects, andactivities to theCSR Committee for itsapproval. Cyient Foundation shallmonitor theimplementationofitsCSR Policy through periodicreviews andpresent NGO’s, Community, SchoolsandGovernment Bodiesare partoftheimplementation. for Education –Telangana State Government. Cyient alsoengagesnotfor pro usage to 320+government teachingstaff Early-age blindnessprevention inlow resource schoolsandremote areas • Research Foundation. makes theproduct easy to understand andintuitive to use.This was anindirect spendthrough Hyderabad Eye using ourdata-driven approach whichisbasedonmostcommonly observed refractive error ranges which at LV Prasad Eye Institute bydeveloping alow-cost visionscreening device. We have calibrated thisdevice We have recently carriedoutsocialinnovation via‘Eye-lens project’ from theSrujana Centerfor Innovation acy programs. across various geographies. event aimedatdeveloping ‘drone solutions’for industrieswithinvarious sectors thatsaw hugeparticipation fi To promote digitalliteracy andcreate awareness aboutthesame,Cyient alsoorganised Hackadrone, India’s and libraries thatprovide themgoodquality digitaleducationalresources andcontent. education inthefi rst UAV Hackathon inFebruary 2018,inpartnership withDJI,Microsoft andTelangana Government. The staff scope ofimprovement agreed thatwashrooms positively impactedtheenrolment ofgirlsandboys. enough washrooms for boys intheirschoolwhilealltheHeadmasters inalltheadoptedschoolsstrongly students were nothappywithsupportleadinganotherkey area for improvement ratio withtheintroduction ofsmartclassrooms in adoptedschools. Telangana educationalMinister ontheSmart Classrooms Initiative. improved to 24%from 13%. dropout %reduced to 3%from 13%.Girlstudent pass%hasimproved from 31%to 88%. feels thatthefood supplementsto children hasbrought drastic improvement inthehealthofstudents. nancial year 2019. eld of‘Information Technology.’ The students getaccessto high-techdigitalclassrooms ciary surveys carriedoutbyCSR volunteers. We regularly monitor and , thisinitiative was applauded byDeputy ChiefMinisterand nancial year FY2018-19amountedto `74mn.The impact ndings related to theinitiative: fi t entitiesto execute programs, Company for providing thebestpossibleserviceto customers andcontinuously improve ourengagement withthem. Sincerity andTransparency. We carryoutCustomer Satisfaction Surveys onannualbasis. This provides valuable feedback for the All interactions withourcustomers are basedonastrong foundation ofour‘Values First’ philosophy ofFairness, Integrity, R and CMMI-DEVVersion 1.3Level 5. ISO 27001:2013,AS 9100D, ISO 13485:2003,22163:2017(IRIS), TL9000R5.5,ISO14001:2015,BS-OHSAS 18001-2007 in placeandbestpractices thatare alignedwiththeinternationally renowned quality standards andmodelslike ISO9001:2015, Our eff them great value for money viaoureff and enhancethelevel ofbusinessprofi The company iscommitted to creating anddelivering engineeringservicesandsolutionsthatexceed customer expectations Principle 9Businessshouldengagewithandprovide value to theircustomers andconsumers inaresponsible manner. We standfi create solutionsthatare future facing, imaginative andpractical for ourcustomers.

healthcare sector to advance innovative businessmodelsthat will helpto maximize thereach ofthesesolutions. ideas, talentandcapitalfusingtheminto new growth opportunities thatare fi diagnostic care solutions. To achieve theseobjectives, Cyient willwork collaboratively withXynteo, aplatform for connecting for allpeople,Cyient willwork to ensure peoplefrom alldemographic andgeographic backgrounds have accessto aff enabled, andpatient-centric healthcare solutionsfor theIndianmarket. Recognizing theneedfor better preventive healthcare of India’s independence,Cyient announcedthatitwillleadtheHealthcare ImpactTrack to develop high-quality, technology- As apartnerorganization inIndia2022,abusiness-led coalition committed to creating anew modelofgrowth bythe75thyear Cyient collaborates withXynteo andIndia2022coalition to develop diagnostic healthcare solutions --- Pareekh Jain,SeniorVicePresident, HfSResearch, andLeadAnalyst for A&DEngineeringBlueprint and providing integrated design,build,andmaintaincapabilities.” few years. Cyient hasbecome aglobalplayer inA&Dsolutionsbyservingasatrustedpartnerto thelargest OEMs inthesector strengthened bytheacquisitionsithasmadeinareas oftestingand certifi developing capabilitiescentered around high-value, complex solutions. The company’s client-centric value proposition is as well. They are amongleaders ininnovation anddigitalsolutionsintheA&Dsector andcontinue to make investments in in operation. Itisremarkable how thecompany hasdiversifi “Cyient was builtbasedonitscapabilitiesintheaerospace sector, withafocus onsupportfor themostcomplex aircraft engi strategy, innovation credentials, andclientquality intheaerospace industry. Research, aleadingindependentanalyst fi Cyient Limitedhasearnedaplaceinthe2017Winner’s Circle oftheHfSBlueprintfor Aerospace EngineeringServices. HfS Cyient positionedinthe2017winner’s circle ofHfSblueprintfor aerospace engineeringservices orts inensuringgoodcost to benefi rmto ourreputation for providing ourclientswithworld classquality through ane ortsinproduct innovation, R&D activities andensuringenhancedlife-cycle oftheproduct. tability. We consistently strive forth to ensure highercustomer satisfaction andproviding t ratio alongwithreduction intimeconsumption, we useourknowledge andskillsto rm, recognized Cyient for itsend-to-end solutionsportfolio, successfulacquisition ed anddeveloped therequisite domaindepthinotherportfolios t for thefuture, theIndia2022coalition andthe cation, MRO, andmanufacturing over thelast ff ective Quality Management system ordable espect, nes

81 Annual Report | 2018-19 82 Annual Report | 2018-19

Annual Report on CSR Activities Annexure-B 1. The company believes in the philosophy of returning the benefi ts to society as a measure of gratitude for what it has taken from it. In view of this, the company’s corporate social responsibility (CSR) aims to extend beyond charity and enhance social impact. CSR vision: To help underprivileged children to access the quality of education and To participate in projects with business aligned innovation  CSR mission:  Achieving long-term, holistic development of community around us by being committed to creating and supporting programmes that bring about sustainable changes through education and health care systems.  The CSR policy, projects and programmes may be accessed at http://www.cyient.com/about-us/ corporate-social-responsibility 2. The CSR committee of the company is comprised of: Mr. K. Ramachandran, Mr. B.V.R. Mohan Reddy and Mr. Krishna Bodanapu. Mr. B. Ashok Reddy, President - Corporate Aff airs & Infrastructure is a permanent invitee to the committee. 3. Average net profit of the company for last three financial years: ` 3,423 Million 4. Prescribed CSR Expenditure (two per cent. of the amount as in item 3 above): ` 68 Million 5. Details of CSR spent during the financial year. (a) Total amount to be spent for the financial year: ` 74 Million (b) Amount unspent, if any; Nil (c) Manner in which the amount spent during the financial year is detailed below: CSR Amount spent during the year 2018-19 Amount spent on the Amount Cumulative projects or programs outlay expenditure Projects or programs Sub-heads: Amount Spent: CSR Project or (budget) upto Sl. Sector in which the (1) Local Area or Other (2) Specify (1) Direct Direct or through Activity project or the No. project is covered the stateand district where expenditure on implementing identifi ed program reporting projects or programs undertaken project or programs. agency wise (`) period (`) (2) Overheads: (`) Million Million Million 1 Improve Promoting education, including With in 20 Kilometers radios from 32.00 32.772 32.772 Direct and Quality of special education and employment the CYIENT Offi ces located in Implementation Education enhancing vocation skills Hyderabad - Telangana, Kakinada - Partners especially among children, women, Andhra Pradesh elderly, and the diff erently abled and livelihood enhancement projects. 2 Community Eradicating hunger, poverty and Village Adopted is located 13.00 14.356 14.356 Direct and Development malnutrition, promoting preventive 350 Kilometers from CYIENT Implementation health care and sanitation and Hyderabad Offi ce, Prakasam Partners making available safe drinking water: District - Andhra Pradesh. (x) rural development projects. Swachh Pathashala activities are with in 20 Kilometers radious from the CYIENT Offi ces located in Hyderabad - Telangana, Kakinada - Andhra Pradesh (Contd.) CSR Amount spent during the year 2018-19 Amount spent on the Amount Cumulative projects or programs outlay expenditure Projects or programs Sub-heads: Amount Spent: CSR Project or (budget) upto Sl. Sector in which the (1) Local Area or Other (2) Specify (1) Direct Direct or through Activity project or the No. project is covered the stateand district where expenditure on implementing identifi ed program reporting projects or programs undertaken project or programs. agency wise (`) period (`) (2) Overheads: (`) Million Million Million 3 IT literacy to Promoting education, including National Digital Literacy Mission 7.00 7.723 7.723 Direct and community special education and employment Centers are located with in Implementation enhancing vocation skills 20 Kilometers radious from Partners especially among children, women, the CYIENT Offi ces located in elderly, and the diff erently abled and Hyderabad - Telangana, Kakinada - livelihood enhancement Andhra Pradesh projects; Digital Libraries are in the CYIENT Adopted Schools located with in 20 Kilometers radious from the CYIENT Offi ces located in Hyderabad - Telangana, Kakinada - Andhra Pradesh. 4 Skill Employment enhancing vocational Skill Development Initiatives for 15.00 17.801 17.801 Direct and development skills; the unemployed youth in the Implementation initiative communities around our facilities. Partners CYIENT IT/ITES SKILL DEVELOPMENT CENTER is established by CYIENT FOUNDATION(CF) in association with Swarna Bharat Trust- Hyderabad Chapter (SBT-HYD) is helping to bridge the gap between Academia and Industry to enhance employability quotient of youth in the TELANGANA state. CYIENT URBAN MICRO SKILL CENTER (CUMSC): CUMSC is an innovative and direct response to poverty alleviation, it has been developed with PPP (Public Private Partnership) Model. Impart skills and provide support to empower participants to be Self/ Employable 5 Administrative Cyient Foundation Cyient Foundation - Administrative 1.30 1.311 1.311 Direct expenditure Expenditure 68.300 73.963 73.963

83 (Contd.) Annual Report | 2018-19 84 Annual Report | 2018-19

6. In case the company has failed to spend the two per cent of the average net profi t of the last three fi nancial years or any part thereof, the company shall provide the reasons for not spending the amount in its Board report - Not Applicable 7. The CSR Committee confi rms that the implementation and monitoring of the CSR Policy, is in compliance with CSR objectives and Policy of the company.

Place : Hyderabad K. Ramachandran Krishna Bodanapu Date : 24 April 2019 (Chairman-CSR Committee) (Managing Director & CEO) (b) The SecuritiesandExchange Board ofIndia (a) The SecuritiesandExchange Board ofIndia The following Regulations andGuidelinesprescribed (v) (iv) Foreign Exchange Management Act,1999andthe The Depositories Act,1996andtheRegulations andBye- (iii) The SecuritiesContracts (Regulation) Act,1956(‘SCRA’) (ii) The Companies Act,2013(theAct)andtherulesmade (i) the provisions of: for thefi returns I have examined thebooks, papers, minutebooks, forms and made hereinafter: to theextent, inthemannerandsubjectto thereporting proper Board-processes andcompliance-mechanism inplace provisions listedhereunder andalsothattheCompany has year endedon31stMarch, 2019complied withthestatutory company has, duringtheauditperiodcovering the of secretarial audit,Ihereby report thatinmy opinion,the agents andauthorized representatives duringthe conduct provided anddeclarations madebytheCompany, itso maintained bythecompany andalsotheinformation minute books, forms andreturns fi Based onmy veri fi thereon. conducts/statutory compliances andexpressing my opinion provided meareasonable basisfor evaluating thecorporate company). Secretarial Auditwas conducted inamannerthat corporate practices byCyient Limited(hereinafter calledthe applicable statutory provisions andtheadherence to good I have conducted thesecretarial auditofthecompliance of Hyderabad. Cyient Limited The Members, , To Personnel) Rules,2014] [Pursuant to section 204(1)oftheCompanies Act, 2013andruleNo.9 oftheCompanies (AppointmentandRemuneration FOR THEFINANCIALYEARENDED31 SECRETARIAL AUDIT REPORT 1992 (‘SEBIAct’):- under theSecuritiesandExchange Board ofIndia Act, and External Commercial Borrowings; Foreign Direct Investment, Overseas Direct Investment rules andregulations madethereunder to theextent of laws framed thereunder; and therulesmadethereunder; thereunder; fi nancial year endedon31st March,2019 according to led andotherrecords maintainedby“theCompany” (Prohibition ofInsiderTrading) Regulations, 2015; Regulations, 2011; (Substantial AcquisitionofShares andTakeovers) cation oftheCompany’s books,papers, led andotherrecords ST MARCH,2019 fi nancial ffi cers, cers, d The SecuritiesandExchange Board ofIndia(Share (d) The SecuritiesandExchange Board ofIndia(Issue (c) lc yeaa : 23April2019 Date Place : Hyderabad minutes. members’ views are captured and recorded aspartofthe Majority decisioniscarriedthrough whilethedissenting compliance withtheprovisions oftheAct. took placeduringtheperiodunderreview were carriedoutin changes inthecomposition oftheBoard ofDirectors that Non-Executive Directors andIndependentDirectors. The duly constituted withproper balanceofExecutive Directors, I furtherreport thattheBoard ofDirectors oftheCompany is Standards, etc. with theprovisions oftheAct,Rules,Regulations, Guidelines, During theperiodunderreview theCompany hascomplied (iii) Information Technology Act2000;Information SEBI(ListingObligationsandDisclosure Requirements) (ii) Secretarial Standards issued byThe Institute ofCompany (i) of thefollowing: I have alsoexamined compliance withtheapplicableclauses The SecuritiesandExchange Board ofIndia(Buyback (h) The SecuritiesandExchange Board ofIndia(Delisting (g) The SecuritiesandExchange Board ofIndia (f) The SecuritiesandExchange Board ofIndia(Issue (e) Information Technology Act2000 Technology (Amendment) Act2008&Rulesfor the Regulations, 2015; Secretaries ofIndia; Based Employee Bene 2009; Capital andDisclosure Requirements) Regulations, of Securities)Regulations, 1998; of Equity Shares) Regulations, 2009;and dealing withclient; Regulations, 1993regarding theCompanies Actand (Registrars to anIssueandShare Transfer Agents) and ListingofDebtSecurities)Regulations, 2015; Practicing Company Secretary fi ts) Regulations, 2013; S. Chidambaram FCS No. 3935 C PNo:2286 Annexure-C 85 Annual Report | 2018-19 86 Annual Report | 2018-19 4 3 2 1 My Secretarial AuditReport ofeven date isto beread alongwiththisletter. Hyderabad. Cyient Limited The Members, To 6 5 lc yeaa : 23April2019 Date Place : Hyderabad 7 of thecontents oftheSecretarial records. The veri I have followed theauditpractices andprocess aswere appropriate to obtainreasonable assurance aboutthecorrectness My responsibility isto express anopiniononthesesecretarial records basedonmy audit. eff It istheresponsibility oftheManagement oftheCompany to ensure thatthesystems andprocess devised for operating and Governance systems. also responsible for devising proper systems andprocess to ensure thecompliance ofthevarious statutory requirements The maintenanceofSecretarial records istheresponsibility oftheManagement oftheCompany. Further, theCompany is My examination was limitedto theverifi The Compliance oftheprovisions ofotherapplicablelaws, rulesandregulations istheresponsibility ofthemanagement. and happeningofevents etc. Wherever required, Ihave obtainedtheManagement representations aboutthecompliance oflaws, rulesandregulations in Secretarial records. Ibelieve thattheprocess andpractices followed provide areasonable basisfor my opinion. eff The secretarial Auditreport isneitheranassurance asto thefuture viability oftheCompany noroftheeffi ectively andeffi ectiveness withwhichtheManagement hasconducted theaff ciently. cation ofprocedure ontestbasis. fi cation was doneontestbasisto ensure thatcorrect facts are refl airs oftheCompany. Practicing Company Secretary S. Chidambaram FCS No. 3935 C PNo:2286 cacy or cacy ected Details ofStock Optionspursuant to SEBIregulations *Out oftotal exercised RSU’s 169,260have beensettled incashandbalance378,560are inequity No. 0 Total no. ofoptionsoutstandingattheend 10. 1 Total no. ofoptionsexercisable attheendof 11. 2 Employee wisedetailsofoptionsgranted to 12. Sl. .Otosgatddrn h erNl2400Nil 264,000 9. Nil Variation oftermsoptions 8. Optionslapsed 7. Total no. ofshares arisingasaresult ofexercise 6. Optionsexercised 5. Optionsvested 4. Pricing formula 3. Optionsgranted duringtheyear 2. Numberofoptionsoutstandingatthe 1. Money realized byexercise ofOptions(`) of options beginning oftheperiod the period period i) SeniorManagerial Personnel andKMP: ii) Any otheremployee whoreceived agrant in iii)

Tom Edwards Sunil Kumar Makenna Suman Narayan Sudheendhra Putty Sanjay Krishnaa Rajendra Velagapudi Prabhakar Atla PNSV Narasimham NJJoseph Katie Cook John Renard Brian Wyatt Anand Parmeswaran Ajay Aggarwal Identifi grant: conversions) oftheCompany atthetimeof (excluding outstandingwarrants and or exceeding 1%oftheissuedcapital options, duringany oneyear, equalto more ofoptionsgranted duringtheyear: any oneyear ofoptionsamountingto 5%or ed employees who were granted Description Market priceasdefi Option Plan 2008 Associate Stock Employee Benefi 2,01,23,296 1,76,584 ,36514,0 5,56,332 1,46,200 3,83,625 297,746 15,750 70,129 70,129 90,705 Nil i i Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil ned inSEBI(Share Based ts) Regulations, 2014 Option Plan 2015 Associate Stock 396,320 13,880 14,620 13,609 10000 15000 5000 5000 1500 5000 5000 5000 5000 5000 5000 5000 5000 5000 Nil Nil Nil Nil Nil Units Scheme2016 equity shares ofthe Restricted Stock Grant priceisthe face value ofthe Company, i.e., Annexure-D 18,92,800 5,47,820* 3,78,560 5,56,332 (Contd.) ` 5.00 8,512 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil 87 Annual Report | 2018-19 88 Annual Report | 2018-19 ae :25April2019 Date Place : Hyderabad No. 4 i)Method ofcalculationemployee 14. DilutedEPS 13. Sl. i) Weighted average exercise price andfair value ofstock optionsgranted: iv) v) The mainassumptionsusedintheBlackScholesoption-pricingmodelduring year were asfollows: vi) iii) The Impactofthisdiff ii) Diff v Descriptionofthemethodandsignifi v) on EPS oftheCompany had usedthefair value oftheoptions cost thatshallhave beenrecognised ifit above andtheemployee compensation compensation cost socomputed at(i) compensation cost including thefollowing weighted average information: used theyear to estimatethefair value oftheoptions, Dividend yield(%) Expected volatility (%) Expected life ofoptionsfrom thedate(s)ofgrant Risk free interest rate (%) erence between theemployee Stock Optionsgranted on Description 16/01/19 16/10/18 24/08/18 11/07/18 17/01/18 11/10/17 30/03/17 13/07/16 14/01/16 16/07/15 12/06/14 Particulars erence onprofi ts and exercise price (in₹) cn assumptions cant Weighted average Not Applicable Nil using thefair value ofthestock options The Company hascalculatedtheemployee compensation cost 615.00 678.00 730.00 741.00 583.00 518.00 500.00 487.00 559.00 324.00 Option Plan 2008 Associate Stock 5.00 measure offair value ofoptions. pricing modelsdonotnecessarily provide areliable can materially aff use ofsubstantive assumptions, changestherein transferable. Sinceoptionpricingmodelsrequire that have novesting restrictions andare fully developed for estimatingfair value oftraded options The BlackScholesoptionpricingmodelwas Weighted average 1.53 -2.64 28.66 -65.53 3-4 years 6.41 -8.40 Stock Options fair value (in₹) 654.45 616.05 688.80 727.00 744.00 629.00 455.40 499.90 466.50 531.50 325.00 Option Plan 2015 Associate Stock ` 35.54 ect fair value ofoptions. The option On behalfoftheBoard ofDirectors Closing market price atNSE on thedate ofgrant (in₹) Units Scheme2016 Restricted Stock B.V.R. MohanReddy Executive Chairman 614.60 677.40 730.00 740.50 590.20 518.90 474.35 502.55 468.35 531.95 325.00 (DIN-00058215) 1 Year RSUs 24.4 1.6 6.3 AND FOREIGN EXCHANGE EARNINGS &OUTGO CONSERVATION OFENERGY, TECHNOLOGY ABSORPTION, Research &Development andBenefi 2. Overall we have saved around 10lakhunitsinthefi Inorder to conserve natural resources, anotherSTP Aspartoftheconservation ofournatural resources, Itisourcontinuous endeavor to implementthebest ConservationofEnergy 1. shows very promising results already insignifi (in cooperation withamajorAgriculture company) SmartCity Platform. Our Precision Agriculture initiative the Cyient Augmented/Virtual Reality Platform orour These includefor example theCyient IoTPlatform, strong interest from ourcustomers inthisnew off initiatives are now inthemarket entrystageandwe see has increased to 19intotal withmore to come. The fi Cyient. The numberofinitiatives underdevelopment in 2017,iscontinuing to drive businessinnovation in Our New BusinessAccelerator (NBA) whichstarted year 2018-19compared to theprevious fi responsibility report. purpose. More information isavailable atthebusiness by resulting inusageoftheSTP water for plantation plant was installed atourKakinada -SEZlocationthere locations was conducted. water consumption To save energy, energy auditatour are and the recycled water usedinrestrooms, Aerators recycling ofpaperfor making of recycled products the paperwaste from ourlocationsisgiven to ITCfor and thisreduces thepower consumption systems willgoto theauto sleepmodewhennotinuse fi a to systems, hard disks, printers] related assets are sold of theinitiative taken bythecompany, theE-Waste [old like to replicate thesameatotherlocations. Also, aspart savings. Afteranalysis ofthesavings thecompany would the water consumption. This would result inconsiderable Aerators are fi sensors inallthecommon areas andrestrooms and send mailers onobservations andalsoinstalledMotion monitoring afteroffi awareness to associatesbysendingmailers, continuous existing conventional lightingwithLEDlighting,creating savings to theorganization. This includes, replacing the at organization level andthishasresulted inconsiderable the process ofimplementingenergy savings practices Also, aspartofenergy conservation, we have initiated for theManikonda andCyient DLM,Mysore facilities. regard, company isinthe process ofavailing solarpower practices inareas ofenergy conservation andinthis fi xed to allthetapsinrestrooms to reduce the rm approved byPollution Control Boards andthe xed to allthetapsinrestrooms to reduce ce hours andduringweekends and t tsthereon nancial year. nancial erings. cantly rst The Anotherimportantadditionto ourInformation We have implementedSAP’s next generation business Technology Absorption,Adaptation andInnovation 3. eeu xedtr 7 Nil Nil 276 23 centage ofTotal Revenue R&D Expenditure asper- Total R&D Expenditure 299 Revenue Expenditure Capital Expenditure invest into promising technologies. Institute beingtwo oftheprimeexamples. innovations withIIITHyderabad andwithLV Prasad Eye build partnerships to accelerate ourinitiatives, theco- to testanddevelop ourbusinessmodel.We continue to increasing thenetincome offarmers andwe continue to theorganization. SOCwillhelp usto detectpotential detect, assess, andmitigateany potential cyberthreat and partnersecurity analysts work together to monitor, such advanced attacks. SOC where oursecurity analysts a SOCthatwillcontinuously evolve to e security controls, thekey to cyberdefense isto develop organizations byavoiding detectionandbreaching With attackers fi becoming more sophisticated,evasive, andpersistent. Centre (SOC). Cyber threats continue to evolve andare Technology portfolio istheCyber Security Operations across theglobewhichcovers APAC, EMEA,NAMregions. 34 entitiesare covered aspartofimplementationscope requirement to maintainmultiplesystems inthefuture. accommodate furtherexpansion, andto remove the and analytical capability, withscalability optionsto system. Cyient istargeting to useHANAwithoperational and production supportactivities willtake placeinone defi many conventional transactions. This implementation features suchasplanningandsimulationoptionsin data model,faster analytics &reporting, andcompelling simplifi new generation BusinessSuite thatischaracterized by ERP system across Cyient. SAP S/4HANAisanentirely suite SAP S/4HANA in-placeofexisting legacySAP ECC successful launchofseveral transformative initiatives. in driving productivity across thecompany. FY2019saw Information technology continues to remain akey lever ned asasingleinstancemodel,whereby both project fi rst successesconfi Particulars cations, massively increased effi nding resourceful ways to penetrate rm ourapproach to strategically Year ended March 31, 2019 .6 0.45% 1.86% ciency, improved ff ectively counter Year ended Annexure-E March 31, (` inmillion) 2018 65 89 Annual Report | 2018-19 90 Annual Report | 2018-19 Inadditionto theabove three initiatives we have We have deployed in-housedeveloped Asset setup from unexpected failures. continuity, prevention ofdatalossandsafeguards ourIT from theprimarydatacenter. DRensures business resides inadiff third party Teir-3 ISO27001 certifi failures andeven terrorism. The DRsiteishostedata etc andotherincidentslike cyber-attacks, equipment such asstorms, earthquakes, fl recovery timeduring any disasterornatural calamities resume mission-criticalfunctionswithinapre-de critical ITapplications. DRallows to maintainandquickly implemented DisasterRecovery (DR)for corporate enhanced decision-makingexperience. providing comprehensive, improved supportand management across departmentsandlocationswhile management operations ofITassetsandworkspace System whichallows usto streamline life cycle AMS isafully integrated, real-time AssetManagement Management System (AMS) tool for allpanIndiasites. existing security systems. and take suitableproactive measures to strengthen cyber threats, create workarounds to neutralize them, erent seismiczone about 500KMaway oods, hurricanes, tsunamis ed data centerwhich fi ned Most ofyour company’s earnings are from theexport Foreign Exchange EarningsandOutgo 4. Date : 25April2019 Date HyderabadPlace : Foreign Exchange Outgo Foreign Exchange Earning Earnings andOutgoareas follows: product promotion activities. DetailsofForeign Exchange company participatedinvarious exhibitions andcarried In order to promote product salesandservices, your export earningsaccounted for 82%ofthetotal income. of EngineeringandSoftware Services. Duringtheyear, Particulars On behalfoftheBoard ofDirectors Year ended March 31, 45713,266 14,577 ,1 1,765 1,816 2019 B.V.R. MohanReddy Executive Chairman (DIN-00058215) Year ended March 31, (` inmillion) 2018 industry. the needs ofthedynamic communications solutions andinitiatives that address a newExperienceCentertoshowcase key Blacktown,The Cyient Sydney, offi ce opened 91 Annual Report | 2018-19 92 Annual Report | 2018-19 reversed and globaltrade gradually slows monetary policyaccommodation inadvanced economies is and 2.8percent in2020-21,aseconomic slackcontinues, In all,globalgrowth isprojected to grow at2.9percent in2019 are expected to escalatetheslowdown inglobalactivity. moderating andtrade tensionandfi projected to be4.2%.Internationaltrade andinvestment are particularly indeveloping economies where growth is The globaleconomy isexpected to slow down in2019, Global Economic Outlook alarm noti We unveiled ournew product, CyceroTM, for rail cabaudio standardization, digitization, and internationalization. resonate well withthe key industrytrends of multimodality, BU remains positive. Ourvalue proposition continues to areas, the general long-termoutlookfor Transportation and signaling.Withthesesegmentsbeingourcore focus growth forecasts, supportedbystrong growth inrolling stock The Transportation industry hasoutperformed predicted Transportation Providers byCIO Review. one oftheTop 20Most Promising Aerospace Tech Solutions Engineering ServicesPEAKMatrix™ 2018andwere namedas Contender” intheEverest Group Veri fi productivity” Award. We were alsoidentifi Award, “Supplier Innovation Award” and“Consistent Supplier & Whitney supplierawards for “Supplier HighestProductivity” by majorindustryanalysts. The key amongthembeingPratt We alsowon many awards andaccolades andwere recognized development anddigitalcontent management. build onourS1000Dexpertise for rapid technicalpublication technical publicationsolutionsprovider thatwillallow usto on avionics solutions. We alsoformed apartnership witha an engineeringCentre ofExcellence (CoE) inIndiafocused won acontract from amajorEuropean OEMto buildandlead delivered to multipleclientsacross theworld. This year we was designed andbuiltbyCyient andwas successfully we rolled outanew digitalquality noti various aircraft—a key development inthisfi receive Part Manufacturing Approval (PMA) from theFAA for years. Cyient became the fi which isexpected to contribute to thegrowth inthecoming investments indigitalsolutionsandmanufacturing capabilities development. Over theyear theBU madesignifi growth driven growth inkey accounts andnew solution The Aerospace andDefense Business Unit(BU) witnessed and growth intheAsiaPacifi years willseeafresh recapitalization cycle onagloballevel, of spendingausterity early inthedecade,next couple of is continued optimismacross globalmarkets. Afterperiods order backlogandastrengthening defense expenditure, there witness growth over theyear. Withstrong commercial aircraft The globalAerospace &Defense (A&D) industryisexpected to Aerospace &Defense Management Discussion andAnalysis fi cation, attheindustry’s fl c region inparticular. rst India-basedcompany to nancial market pressures agship event, InnoTrans fi cation solutionthat 1 cation &Validation . scal. Additionally, ed asa“Major cant twin solutionsfor capital projects. We alsoseeopportunities equipment, assetmanagement, plantengineeringanddigital we willfocus onkey strategic off and changedetectionfrom satelliteimagery. Alongwiththis, governance across utilitiesandsolutions for remote sensing There isincreased focus onADMSreadiness, dataquality and off and new solutionsoff The growth intheBU was driven bynew customer additions volumes ofdata. supported byoperational processes to manageincreasing smart meteringcontinue to dominatecapitalinvestments, investments ingridmodernization, renewable, mobility and projects andincreasing regulatory driven requirements. Large an investment indistributedandrenewable power generation The utilitiesindustryiswitnessingsignifi industries; i.e., lithium. been identifi an upturn inthe next oneto two years andnew depositshave operational costs. Ontheminingfront, there isexpected to be is experiencing strong outlookoffuture orders andreduced sector ispositive withrisingcommodity prices. The sector and productivity effi prices, enforced capitaldiscipline,portfolio realignments, industry continues to recover from thelastfew years ofweak From theindustriesoutlookperspective, theoil&gas transmission &distributionandtheassociatedequipment. value chainincludingraw materialmining,power generation, segments to buildendto endcapabilitiesacross theenergy (E&U). The intentofdoingthisisto leverage synergies inthese combined into anew businessunitcalledEnergy &Utilities in IENRBU andtheUtilitiesbusinessinU&GBU willbe From FY20onwards theEnergy & Natural Resources Business Energy &Utilities in strategy execution. a robust opportunity pipeline,andtheincreasing momentum stock andsignaling,ourstrong long-termclientrelationships, is driven byindustrygrowth inourfocus segmentsofrolling Our outlookfor FY20andbeyond continues to bepositive. This zone. consecutive year thatwe have beenplacedintheleadership transportation industryfor theyear. This istheseventh report positionedCyient inthe“Leadership Zone” inthe The Zinnov Zones for Product EngineeringServices experts aswell. and theindustry, andhave beenendorsed byleadingindustry These new off such asaugmentedreality andsmartassetmaintenance. leveraging technology to address emerging industrytrends towards safety inRail. Alongwithanumberofsolutions key clients, CyceroTM, isa testimonial ofourcommitment to expanding theproject andproduct value chainofour 2018, inBerlin.AlignedwithourS3strategy andapproach erings like iDMSfor utilitiescontinue to gain traction. ed inkey minerals thatsupply theelectronics eringshave beenwell received byourkey clients ciencies. The outlookfor themining erings. More establishedsolution erings around connected cant growth dueto Annexure-F wearable cardiac device. portfolio ofsolutionsincludesapupilscreening device anda we continue to invest indeveloping solutions. Ourcurrent in-vitro diagnostics segments. InlinewiththeS3strategy, growth through theyear driven bygrowth incardiology and The Medical Technology andHealthcare (MTH) BU witnessed lower costs. care, increased accessandaff to seeincreased investments withfocus onpatientcentered of medicalthings(IoMT), digitalandvirtual reality willcontinue (RPA), cloud,artifi Digital technologiessuchasRobotic Process Automation the industryexpected to grow atarate of~5%duringtheyear. The Medical device industryispoisedfor steady growth, with Medical Technology &Healthcare growing applicationsinAIandautonomous driving. work withnew clients, expanding ourforay into uniqueand is helpinguscreate momentum withclients. We continue to equipment inourHyderabad andBangalore labs. This focus in semiconductor designservices, establishinginnovative our focus onpre-silicon verifi traditional layout andphysical designservices, we increased Despite signifi electrifi digital cockpits, autonomous driving, connected mobility and continue to make progress byoff won businessfrom sometop tier-1 automotive suppliers. We mixed-signal & analogASIC solutions. We alsosuccessfully services provider inembeddedsystems, software andturnkey connected carandautomotive technology solutionsand also madetremendous progress inpositioningCyient asa to improve theirbusiness outcomes. Over theyear, we complex problems andmake smarter, data-driven decisions advanced analytics capabilitiesthathelpourclientssolve 100% acquisitionofCyient Insightshasenabledusto provide medical technology andhealthcare. Alongwiththisour factors across growing markets like industrial,automotive, power management,reliability requirements anduniqueform BU delivers specialized, mixed-signal circuits for RF design, data. Withmore than600innovative IPs initsportfolio the analog sensors thattransform real-world signalsinto digital enabling thedevelopment ofcustom ASICs, includingsmart analog acquisition,gives Cyient turnkey integrated circuit, digital services. The fullintegration ofAnsemN.V. acustom focus onexpanding markets for custom semiconductor and industries. SIABU isexpected to witnessstrong growth with in digitaltransformation solutionsfor ourclients across on buildingcapabilitiesto strengthen ourleadership position Cyient’s Semiconductor, IoT, andAnalytics (SIA) BU focuses SIA on-board bothsynergic andcomplementary technologies. our expanding partnerecosystem to secure dealsthatbring to focus onthedevelopment ofsolutionsandworking with expected inEurope andNorthAmericamarkets. We continue The outlookfor FY20continues to remain strong withgrowth renewables. in predictive analytics, manufacturing engineeringand cation ofcars. cant headwind andmargin pressure onour cialintelligence(AI), androbotics, to internet cationandpost-silicon validation ordability, improved quality and ering uniquesolutionsfor as well asAR/VR, 3D,andindoor-mapping. The growth inthe applications. There isanincreasing focus onmobilesolutions, context becomes critical for many diverse businesses and of growth are demandfor spatialdimension andlocational information anditsintegration withIT. The globalkey drivers 13.6% owing to increasing democratization ofgeospatial The geospatialindustryisprojected to grow ataCAGR of Geospatial amongst others to bringinnovation closeto ourclients. artifi solutions andproducts usingtechnologies suchasIoT, Australia. The experience centerdemonstrates innovative state-of-the-art experience centre atouroffi wireline andwireless solutions. This year we establisheda issues. These frameworks leverage ourcore strengths inboth translated into buildingframeworks thataddress client with CSPs in-linewithourwireless strategy, isnow getting A problem-solution approach to buildingproof ofconcept off our portfolio to provide clientswitharobust andend-to-end developing client-focused solutionsandintegrating them into optimization. The communications BU hasbeenfocused on implementation ofmassive MIMOandnetwork planningand and solutionsaround SDN,5G,IoT, andanalytics including is paying dividends where we seetraction innewer services Our strategy to invest inpeople,technology, andinfrastructure them to industryrequirements. towards expanding ourservicesandsolutionsplay andalign relationships withglobalCSP’s are showing results aswe work in FY20andbeyond. Ourinvestments onforging strong continues to bestrong, we willseecontinued momentum small cell,and5Grollouts. The growth for ourbusiness plays astrong role indesigningandbuildingfi enabling serviceproviders to achieve theirobjectives. Cyient The communications BU continued