M-Tech Innovations Ltd



Vijay M. Gandhi


Dear valued Shareholders,

Ladies and gentlemen, distinguished shareholders, esteemed board members, and honored guests, I stand before you today with immense gratitude and pride as we convene this 31st Annual General Meeting of our company “M-Tech Innovations Limited” for the Financial Year 2022-23. It is a privilege to address each and every one of you, and I thank you for joining us to share in this important moment of reflection and progress.

First and foremost, I am delighted to share the significant achievements and milestones we have reached as a company and celebrate our collective achievements. During the year 2022-2023 our company has faced numerous challenges, yet through resilience, innovation, and the unyielding dedication of our employees, we have managed to sustain Companies turnover.

Our relentless focus on innovation has allowed us to continually develop new products and solutions, expanding our range of offerings. A notable achievement in this regard that our company has successfully started a RFID based crowd management project at Mata Vaishno Devi  Katra Jammu & Kashmir India on 15th August 2022, which is slated to run for the next five years.

During the review period, the Company’s performance was affected due to shortage of chips. We are pleased to report that M-Tech recorded a revenue of Rs. 82,09,59,220/- Furthermore, our net profit after tax for the relevant period is Rs. 1,78,05,080/-.

We are immensely grateful to all our stakeholders, including shareholders, partners, bankers, lenders, vendors, creditors, and customers, for their unwavering support, faith, and commitment. It is your trust in us that drives our determination to exceed expectations every single day. Additionally, I would like to extend sincere thanks to our dedicated employees, whose hard work and dedication have contributed to our status as one of the best in the industry.

I would also like to express my gratitude to the Board members for their support, guidance, and oversight. Together, we have fostered a culture of good governance across the organization and fulfilled our responsibilities as a Board.

Furthermore, I want to acknowledge the remarkable support and collaboration from Canbank Venture Capital Fund Ltd (CVCFL). Their dedication and partnership have played a vital role in our success, and we sincerely appreciate their contributions.

With the support and trust of all stakeholders, I am committed to building a future-ready organization. We will be driven by purpose, delivering innovative products, services, and embracing technology adoption, including digitalization and automation, across all verticals.

In conclusion, I am extremely proud of our accomplishments and optimistic about the future. As we move forward, we will continue to strive for excellence, focusing on customer satisfaction, sustainable growth, and creating value for our shareholders. Together, let us embark on this journey towards a prosperous future.

Thanking You.
Warms Regards,
Vijay M. Gandhi
Chairman & Managing Director
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