Capgemini Technology Services India Limited Unlisted Shares

Annual Report Summary

Annual Report 2020-21: Summary of Capgemini Technology Services India Limited

The document is the annual report for Capgemini Technology Services India Limited for the financial year 2020-21. The Twenty Eighth Annual General Meeting will be held on Wednesday, 29 September 2021 at 3:00P.M. through Video Conferencing.

Board of Directors & Committees:

• Lists the names and designations of the Board of Directors, including Mr. Srinivasa Rao Kandula (Wholetime Director and Chairman) and Mr. Ashwin Yardi (Wholetime Director and Chief Executive Officer)
• Details the composition of various Board Committees such as the Audit Committee, Stakeholders' Relationship Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee, along with their respective chairpersons and members.
• Auditors - Price Waterhouse Chartered Accountants LLP
• Registrar & Share Transfer Agent - Kfin Technologies Private Limited

Annual General Meeting (AGM) Information:

• The 28th AGM will be held via video conferencing (VC) or Other Audio Visual Means (OAVM) due to COVID-19 restrictions. Physical presence of members is dispensed with.
• The notice includes details regarding ordinary and special business to be transacted at the AGM, including the appointment and re-appointment of directors.
• Details on the process for institutional/corporate members to authorize representatives, e-voting instructions (through NSDL and KFin), and procedures for joining the AGM through VC/OAVM are provided.
• It mentions that Mr. Srinivasa Rao Kandula, Mr. Ashwin Yardi, Ms. Aruna Jayanthi, Mr. Hubert Giraud, and Mr. Paul Hermelin are retiring by rotation and are eligible for re-appointment.
• It proposes the appointment of Mr. Aiman Ezzat and Ms. Maria Pernas as Non-Executive Directors, subject to member approval.

Financial Performance (INR in million): The financial statements are prepared in accordance with Indian Accounting Standards (Ind AS).

• Standalone: Revenue from operations was INR 149,707 in 2020-21, compared to INR 147,135 in 2019-20, a growth of 0.3%. Profit for the year was INR 14,789, down from INR 15,697 in the previous year.
• Consolidated: Revenue from operations was INR 176,483 in 2020-21, compared to INR 151,715 in 2019-20. Profit for the year was INR 16,901, up from INR 16,569 in the previous year.
• The authorized share capital is INR 2,859,000,000 and the issued and paid-up capital is INR 591,395,000.

Subsidiaries and Amalgamations:

• As of March 31, 2021, the company has five subsidiaries.
• Annik UK Limited is under liquidation.
• Dalian Liquidhub Consulting Services Limited Company was liquidated with effect from 15 October 2020.
• Details the completion of the amalgamation of IGATE Infrastructure Management Services Limited and Liquidhub India Private Limited & Liquidhub Analytics Private Limited with Capgemini Technology Services India Limited, respectively, with the respective effect dates.

Other Key Points:

• The Board of Directors has decided not to recommend any dividend for the financial year 2020-21.
• Purchase of 100% stake in Solcen Technologies Private Limited and 98.25% stake in Aricent Technologies (Holdings) Limited during the year.
• The company dematerialized 99.99% of its shares.
• Related party transactions have been conducted at arm's length.
• The company describes related party transactions, business activities, corporate governance practices, and initiatives for investor education and protection.
• The company aims to drive environmental initiatives.
• Details of appointed and resigned directors.
• Mr. Thierry Delaporte resigned, and Mr. Aiman Ezzat and Ms. Maria Pernas were appointed as Additional Directors during the period.
• There were 16 complaints on sexual harassment received during the financial year, all of which were investigated and disposed.
• Describes the company's commitment to Corporate Social Responsibility (CSR) and details CSR activities undertaken during the year. The CSR policy can be found on the company website.
• The company is continuing to operate according to COVID-19 guidelines.
• The company is investing in energy-efficient technologies and renewable energy sources.
• Details regarding postal ballots conducted during the year and the resolutions passed are provided.
• There were no instances of fraud reported by auditors.

Financial Statement Analysis:

• Independent Auditors' Report expresses an unmodified opinion on the standalone and consolidated financial statements.
• Details the nature of the audit, basis for the opinion, key audit matters, and the responsibilities of management and auditors.
• Annexure A provides the auditor's report on internal financial controls.
• Annexure B provides the report on the Companies (Auditors Report) Order, 2016.
• The report confirms compliance with applicable secretarial standards.
• Directors' Responsibility Statement confirms adherence to accounting standards and maintenance of adequate records.

Appendices and Schedules:

• Includes Annexures detailing financial statements of subsidiaries, related party transactions, remuneration policy, secretarial audit report, and CSR activities.

The document includes detailed standalone and consolidated financial statements with notes, providing a comprehensive overview of Capgemini Technology Services India Limited's performance and operations during the fiscal year 2020-21.