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Shaping the future of software driven business

Report of the Directors •

103

Your Board also extends its thanks to ABSA Capital Bank, Axis Bank, Bank of Baroda, Bank of India, Barclays Bank,

Banco Nacional de Mexico S.A., Bank of Tokyo Mitsubishi, BNP Paribas, Chase Bank, Citibank NA, Deutsche Bank, HDFC Bank,

Hongkong and Shanghai Banking Corporation, Silicon Valley Bank, State Bank of India, Standard Charted Bank, Syndicate Bank,

Union Bank of India, Wells Fargo Bank and their officials for extending excellent support in all banking related activities.

Your Board places on record its deep sense of appreciation for the committed services of the associates of your Company at

all levels.

Your Board thanks the investors and shareholders for placing immense faith in them.

Your Board takes this opportunity to express its sincere appreciation for the contribution made by employees at all levels in

your Company. The consistent growth was made possible by their hard work, solidarity, cooperation and support.

For and on behalf of the Board of Directors

Dr. Anand Deshpande

Chairman and Managing Director

Pune, June 11, 2019

DIN: 00005721

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