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Change Change %
0.15 0.21%

Updated:12 Aug, 2022, 15:46 PM IST

Change Change %
-0.55 -0.75%

Updated:12 Aug, 2022, 16:01 PM IST

Chairmans Message

Dear Shareholders,

Its been a tough year for all businesses. There is no airbrushing that. What is rare is the unflinching manner in which we have stayed focused on the work at hand and relentlessly pursued our goals.

We expanded our facility in Vancouver to establish a formidable presence on the Pacific Coast. And we entered in to a joint venture to tap the last content bastion left for your Company to conquer: Greater China.

We continued our winning streak with awards from various quarters recognizing our outstanding work. Your Companys work on Storage24 was honored with the Best Visual Effects Feature Film International Award at the 24 FPS International Film Festival, 2012.

At the Asia Image Apollo Awards, Prime Focus visual effects for Total Recall received the award for Best Visual Effects. At the International Film Festival in India, 2012 the Golden Peacock award for the best film was won by Anhe Ghore Da Daan for which Prime Focus delivered sound mixing. Prime Focus also posted the I Am Mumbai television commercial of Mumbai Mirror (Times of India) which won the Gold at the Cannes Lions International Festival of Creativity.PFTs CLEAR Media ERP platform was awarded the CIO Choice 2013 in the Content Management category. STAR Indias Go Digital program (which has PFTs CLEAR as its core) won the Aegis Graham Bell Award 2012 for Innovation in TV, Broadcast and DTH, as well as parent company News Corporations Global Energy Initiative (GEI) Innovator Award.

We are confident about the future as it is in our hands. Over the last decade and a half we have built a global organization strong on talent and technology and with a unique business model. Whether it is tax credits or Platform–as–a–Service (PaaS) it is this underpinning financial model that has made our offerings successful and our journey sustainable in a highly competitive market. Add to that a highly competent and vastly experienced leadership with the passion and panache to address every challenge and overcome every obstacle on the way.

Together we endured a difficult year. And have come out even more emboldened as an organization. My sincere thanks to our customers, investors, vendors and above all our people, for their confidence and trust in our Company.

The best is yet to come and we will make it happen, together.

Yours sincerely,

Naresh Malhotra


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