Capgemini Technology Services India Limited Unlisted Shares

Annual Report Summary

Capgemini Technology Services India Limited's Annual Report for 2023-24 details the company's financial performance, operational highlights, and corporate governance practices.

Financial Performance:

• The company's revenue and other income amounted to INR 281,613 million, showing a de-growth of -0.7% from the previous year's INR 283,490 million.
• Profit for the year increased to INR 31,632 million, compared to INR 29,627 million in the previous year.
• The Board of Directors recommended a final dividend of INR 760 per equity share, resulting in a dividend outflow of INR 45,046 million.
• Key expense items include employee benefit expenses (INR 200,175 million) and other expenses (INR 29,242 million).

Share Capital:

• The authorized capital is INR 19,261,100,000, divided into equity and preference shares of various denominations.
• The issued and paid-up capital is INR 592,712,960, consisting of equity shares of INR 10 each. No shares were issued during the review period.

Corporate Governance & Board Matters:

• The Board comprises a mix of executive and non-executive directors, with Mr. Ashwin Yardi serving as Wholetime Director and Chief Executive Officer.
• Board Committees include Audit Committee, Stakeholders' Relationship Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee.
• The Board met four times during the financial year.
• The Board recommends the re-appointment of retiring directors.
• Annual evaluation of the Board, its committees, and individual directors has been conducted.
• The board has framed a policy for selection and appointment of Directors, Senior Management and their remuneration.

Subsidiaries and Branches:

• The Company has three subsidiaries, four step-down subsidiaries, and two branches. A Scheme of Amalgamation has been filed to merge Altran Technologies India Private Limited and Global Edge Software Limited with the Company.

Corporate Social Responsibility (CSR):

• The company remains committed to CSR, focusing on areas aligned with Schedule VII of the Companies Act, 2013.
• The report details CSR projects undertaken, including supporting social ventures through NSRCEL, IIM Bangalore, and digital academy programs with Anudip Foundation. All facilities in India are operating on 100 percent renewable energy.
• The expenditure on CSR during the year exceeded the required amount.
• The company has also established an Energy Command Center (ECC) in Bangalore to monitor and optimize energy usage.

Other Key Highlights:

• The company did not accept any deposits.
• The company has complied with applicable mandatory secretarial standards.
• The directors confirm responsibility for the annual accounts, adhering to accounting standards and maintaining adequate records.
• The company maintains a Code of Ethics and Business Conduct, along with a whistle-blower policy.
• The company is also compliant with provisions related to prevention, prohibition and redressal of sexual harassment at workplace.
• The Annual Report is being sent electronically to members. The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The cut-off date for e-voting is Thursday, 19 September 2024.

Foreign Exchange:

• Foreign exchange earnings were INR 242,756 million.
• Foreign exchange outgo was INR 8,800 million.

Auditor's Report:

• Independent Auditor's Report expresses an unqualified opinion on the standalone and consolidated financial statements.
• The report also includes statements on internal financial controls, and compliance with the Companies (Auditor's Report) Order, 2020.

Annexures:

• Includes statements containing salient features of subsidiaries, related party transactions, remuneration policy, secretarial audit report, and CSR activities.

The report provides information on key personnel, board meetings, and financial ratios, showcasing the company's performance and compliance with regulations.