87 / 327
Shaping the future of software driven business
Report of the Directors •
87
Along with the Company owned premises, your Company also operates from leased facilities at Canada, India, Israel, Ireland,
Malaysia, Mexico, Scotland, Sri Lanka, USA and UK.
Awards and recognitions during the financial year 2018-19
During the financial year 2018-19, your Company continued its tradition of winning various awards and getting new recognitions.
Your Company was a proud recipient of the following awards during the year under report:
Awards
1.
First Runner up in National HR Circle Competition, 2018 amongst 16 organizations under Employee Engagement and
Relations category (Large services companies)
2.
Recognized for having used marketing communications effectively in attracting talent, retaining talent, developing talent
and in retention policy
3.
First prize for the Wellness and Wellbeing Award category at the Future of HR Summit and Awards, 2018
4.
Nagpur Best Employer Brand Awards for using effective marketing communications in talent management
5.
‘India’s Coding Power House’ 3 consecutive year 2014 – 16 | Among top 5 in 2018
6.
‘Best Corporate University’ Award from TISS - LEAPVAULT 2018
7.
‘Best Virtual Learning Program’Award from TISS - LEAPVAULT 2018
8.
‘Training Top 125 (T125) 2018 Award (International) from Training magazine
9.
‘Golden Peacock National Training Award 2019’ from the Institute of Directors, New Delhi
10. Dr. Anand Deshpande, Founder, Chairman and Managing Director received Life Time Achievement Award from the Pune
Chapter of the TiE, The Indus Entrepreneur is a global organization of entrepreneurs
11.
The Infrastructure, Facility, Human Resources & Realty Association (iNFHRA) has awarded Xcellence award for Ecological
Sustainability to Mr. Sanjay Chaudhari, Senior Manager – Administration
Recognition
1.
Tilak Maharashtra University conferred Honarary D. Litt. to Dr. Anand Deshpande, Founder, Chairman and Managing
Director.
2.
Your Company congratulates Mr. Pradeep Bhargava, Independent Director who is representing your Company at Mahratta
Chamber of Commerce Industries and Agriculture, Pune (MCCIA) and has been elected as the President for a two-years
term. He assumed charge during the 84
th
Annual General Meeting on September 25, 2018.
3.
Your Company has seconded Dr. Abhay Jere, Head – Persistent Labs to the Ministry of Human Resource Development,
Government of India for a period of three years. Dr. Jere has been appointed as the Chief Innovation Officer (CIO) to
systematically foster the culture of Innovation amongst all Higher Education Institutions (HEIs). Dr. Jere’s primary mandate
is to create national policy frameworks and programs for nurturing innovation ecosystem and to help the Ministry design
various initiatives to encourage, inspire and nurture young students by exposing them to new ideas and processes resulting
in innovative activities in their formative years.
Auditors
Appointment of statutory auditors
The Members of your Company at the 24
th
AGM held on July 26, 2014, appointed M/s. Deloitte Haskins & Sells LLP, Chartered
Accountants (Firm Registration No. 117366W/W-100018) and M/s. Joshi Apte & Co., Chartered Accountants (Firm Registration
No. 104370W) as the Joint Statutory Auditors of your Company to hold such office till the conclusion of the AGM in the calendar
year 2019 and 2017, respectively.
Pursuant to such appointment, M/s. Joshi Apte & Co., Chartered Accountants retired at the conclusion of the 27
th
AGM held on
July 20, 2017. Thereafter, M/s. Deloitte Haskins & Sells LLP, Chartered Accountants have been the sole Statutory Auditors of
your Company.
The Audit Committee of the Board has taken a conservative view and recommended appointment of M/s. Deloitte Haskins &
Sells LLP in their second term for a period of 2 (two) years i.e. from the ensuing 29
th
AGM up to the conclusion of the AGM to be
held on or before September 30, 2021, which will be subject to the approval of the Members of the Company.