Message from Board of Directors:

Greetings from Amstar Technologies! Hope this finds you safe and in good health.

India’s IT sector continues to play an important role in the new knowledge based socio economic revolution that is sweeping the world today. The world has witnessed India’s emergence as an important source of e-solutions and services for meeting the global demand of IT services and solutions.

As you know that we also have appreciable business transactions in Asia Pacific, Middle-East, America and Europe and hence have full-time as well temporary/contract employees across locations to support our clients effectively. Being an Arrow ECS IBM OEM Training Sales & Delivery Partner [TsDp] since 2014, which enabled us to offer comprehensive solutions to our re-sellers, Corporate, retail customers to suit their cutting-edge business needs adopting the right delivery model for cost-effectiveness.

As you all are aware that your Company services global clients across various industries. Your Company provides its clients with competitive advantages by applying various emerging disrupting technologies. Your Company works with its clients not only to enable their digital future but also to drive hyper efficiencies across their technology infrastructure applications and core operations enabling them to achieve cost leadership in their businesses. Your Company's services include a range of IT and IT-enabled services viz. digital customer-centric IT Learning & Development, IT Project lateral Staffing, IBM Software Product Sales, licensing, Annual Maintenance Contract, Consulting on a wide IBM range of products and Open Systems, Custom application design development, Re-engineering and maintenance systems, global training infrastructure facilities services to leading enterprises worldwide.

This was a year of extreme economic challenges for the world, a situation aggravated almost beyond measure by the unprecedented COVID-19 pandemic and your Company continued to play on its strengths. The COVID-19 pandemic has compelled people all over the world to make changes in their way of working and living. Since the time of first lockdown, the safety and health of our staff members has been the paramount objective for the Company. We have been continually educating our staff members on the importance of self-discipline and adherence to all safety directions and guidelines issued by our Government. Further, your Company has supported the initiatives of our Central and various State Government agencies. Amstar across locations have effectively adapted to the ‘work from home’ culture suggested by the Government until now.

I hope and pray that all our Stakeholders have remained safe and continue to take all precautions to protect themselves, their families and the society. The downturn experienced by the sector in FY 19-20 was in a sense inevitable like other Industries globally. The lockdown from the 25th March 2020 imposed led to disruption of the sale plans, projects for execution, cancellation of orders, etc as the last week of March is always important.

The COVID-19 epidemic has given your Company as well as its Consultants, Vendors, Partners and others an opportunity to review all systems of working and become more efficient and competitive. Thus while we are going through difficult times, we believe we will emerge stronger and fitter in the future. The Management is well aware of the fact that the current business environment may pose challenges in the near term, but it also provides opportunities in the short, medium and long term. Further, the markets your Company serves are undergoing a massive disruption due to the outbreak. The situation caused by this pandemic continues to evolve and the effects on such markets and remain uncertain.

Our appreciations goes to the well-knit team of staff members who continue to be our greatest strength and also the competitiveness of your Company remains good and able to meet the critical challenges with their support. We look to the future with a great deal of optimism as of now as many new opportunities are likely to open as the world adjusts to the post Covid-19 scene. The Government has always been very supportive and we hope and expect conditions for increasing our competitiveness and growth will continue to get better in the coming year –2021.

The Awards & Accreditations bestowed upon Amstar by leaders and global Industry governing bodies have put us in the list of fast growing elite companies worldwide that hold such a distinction. We are certain that within Asia, there are only about a few Organizations of our nature and stature in such business which have received the highly coveted awards and accreditation. These awards and accreditations not only validate our standards of excellence and the high quality of service outcomes but also demonstrate our commitment to remain dynamic.

However, we do not intend to rest on our laurels. Instead, we are poised to build on our strong foundations with the vision of becoming one of the top rated finest IT Services firms globally in the years ahead. I invite you to be a part of this exciting journey. We are cognizant that such success arises from the joint endeavors of our Leadership team, talented workforce, trusted clients and Partners, dedicated Consultants, and the continued confidence of our Stakeholders.

Over one and a half decade of our successful operation, Amstar has created an enviable image for its reputation and credibility. In a nutshell, we are constantly innovating and functioning with the realization of inclusive, equitable and sustainable national development goals. We have always set our standards high to realize the vision to develop ethical leaders and entrepreneurs who are not only committed to business, commerce and industry but are also socially conscious towards their contribution in nation building and bring in name for the country globally as we strive to bring a global perspective to our business and activities.

As we look ahead over the next few years, we anticipate a tremendous deal of transformation stemming from COVID-19. Consumer behavior will change in numerous ways, from demanding more integrated digital experiences. Amstar is well placed to meet the demand opportunities that will arise from these important and fundamental shifts.

We would like to take this opportunity to thank all of you for your continued trust, confidence, and support as we enter a Brave New Year 2021, one that is already rewriting the rules of the past. On behalf of the Board and all the Stakeholders, We appreciate the spirit of Amstarites’ in upholding their commitments in these testing times, as always.

May I thank all our shareholders for their consistent support to the management as we take on the challenges of the future.

A Happy, Safe and Prosperous New Year 2021 to all of you! God Bless you all and Amstar.

Jai Hind.

Sincerely,
By the Board of Directors
Amstar Technologies Pvt. Ltd.

31st December, 2020