Dear Shareholders,

On the occasion of 31st Annual General Meeting, I welcome all the members, Directors and Statutory Auditors of Telecommunications Consultants India Ltd.  The Audited financial results as well as Directors’ Report are in your hands and with your consent,  I take them as read. 

Telecommunication expansions are one of the most inspiring success stories of modern era.  Development of Telecommunication always played a key role in building the Nation and indeed emerged as one of the leading infrastructure sectors of the economy.

The Hon’ble Finance Minister while presenting the Union Budget 2009-10 stressed the need for development of infrastructure sectors like telecommunication, power, road etc.  It was also assured that infrastructure sector will not face any financial crunch.  This clearly indicates that there will be development of telecommunications in large scale especially promotion of Rural Telephony.  During the year, the Rural teledensity has shown remarkable improvement with a teledensity of 15.11%.  In order to increase the broadband connectivity, several measures including various policies were announced to boost the broadband subscriber base. Your Company as such will try to utilize these opportunities through proactive marketing efforts.

Technology in the areas of Telecommunication & IT has been advancing very fast and to remain competitive in the global market, company shall continue to absorb the  latest technology and know-hows.

The year 2008-09 has been an eventful year. Company registered a consolidated turnover of Rs.13661 million and profit after tax of Rs.1702 Million as against last year’s results of Rs.8465 million and Rs.1001 Million respectively.

TCIL standalone performance:

TCIL has shown a spectacular progress in terms of Turnover as well as profits during the year 2008-09 compared to 2007-08. The turnover has gone up by 56% to Rs.6464.12 million as against previous year figure of Rs.4148.74 million. The profit after Tax also substantially increased by 342% to Rs.93.94 million as against Rs.21.26 million of 2007-08. During the year 2008-09, your Company earned a foreign exchange of Rs.1959 million and repatriated foreign exchange of Rs.312 million.

Ministry of External Affairs, Govt. of India awarded Pan African e Network Project for Tele-Medicine and Tele-Education. It is a great pride for your Company that the Network was inaugurated by Shri Pranab Mukherjee, the then External Affairs Minister, Govt. of India on 26th February 2009. During inauguration from TCIL Data Centre, the Hon’ble Minister addressed live to Hon’ble Ministers of 11 countries in the presence of Ambassadors/High Commissioners of the respective countries. In this Network, Satellite Hub Earth Station has been commissioned and made operational at Senegal. The Data Centre at TCIL Bhawan has also been commissioned and connected with upstations. TCIL has signed country agreement with 41 countries. It was also assured by MEA that the remaining African Countries may also join the network by September 2009.

During the year, your Company has executed National Internet Backbone Phase II Project for BSNL. This project was for setting up of Data Centres in 4 cities viz. Bangalore, Delhi, Mumbai and Pune (Disaster Recovery). On the basis of the successful implementation of the above project, BSNL has awarded Add-on Order for expansion of the project from the existing 3.2 million customer base to 5 million customer base for a value of Rs.1630 million. The project is also under execution. Another important project that your Company has executed during the year 2008-09 is Lawful Interruption and Monitoring (LIM) System in BSNL and Delhi Police. On the basis of successful execution, Haryana Police also awarded the LIM Project and the Delhi Police has also awarded Add-On Orders.

Your Company is executing a Turnkey Project for setting up of ICT for SMT Sudan  for a value of US $ 17 millions. 1st phase of the Project is under execution. Apart from the above, TCIL has also signed an agreement with Ministry of Science & Technology (MOST) Sudan for conducting feasibility study and conceptual design in African Technology Park for African City. MOST has also signed MOU with TCIL for turn key execution of 1st year’s work upto US $ 25 million. The Project will commence after feasibility report is accepted by MOST.

Your Company has been Consultant to the States of U.P., Orissa, Daman and Diu, Dadar and Nagar Haveli for e-Governance Projects.  TCIL has also been recently appointed as Third Party Auditor (TPA) by Punjab and Maharashtra Government for their State Wide Area Network (SWAN).

Your Company is focussing Power Sector and Infrastructure as priority areas for securing business. We are executing project for computerisation of sub division/customer care centres & ERP for Dakshin Haryana Bijli Vitran Nigam (DHBVN). During the year TCIL has also entered into the projects for Restructured Accelerated Power Development and Reform Programme (R-APDRP)-Part-A. Under this, Company has been awarded consultancy work from Uttarkhand Power Corporation Ltd. (UPCL), Himachal Pradesh State Electricity Board (HPSEB), Uttar Haryana Bijli Vitran Nigam (UHBVN), UP Power Corporation Ltd – Madhyachal Vidyut Vitran Nigam Ltd., Lucknow (MVVNL), Madhya Gujarat Vij Company Ltd-Baroda (MGVCL).

TCIL has been appointed as ‘Third Party Inspection Agency’ (TPIA) for monitoring and supervision of works for Rural Electricity Infrastructure & Household Electrification under Rajiv Gandhi Gramin Vidyutikaran Yojana (RGGVY) by five discoms, namely Uttar Haryana Bijli Vitran Nigam (UHBVN), Dakshin Haryana Bijli Vitran Nigam (DHBVN), Jharkhand State Electricity Board (JSEB), Department of Power, Government of Arunachal Pradesh and Andhra Pradesh Central Power Distribution Company ( APCPDCL). TCIL’s scope of work as TPIA is to ensure proper quality of materials as well as installations of the electrical infrastructure being created by the construction contractor as per REC specifications/acceptance norms and RGGVY quality control manual.