Bharatiya Global Infomedia Ltd Management Discussions

OVERVIEW

The information technology sector includes all the companies offering IT-enabled services (ITES), IT services, software products, e-commerce facilities, etc. In the past decade, the role of the internet and computer has grown manifold in our lives. Most people consume IT services in some form or the other. During fiscal 2022-23, we witnessed acceleration in the adoption of digital technologies as businesses attempted to re-imagine their cost structures, increase business resilience and agility, personalize experiences for their customers and employees, and launch new and disruptive products and services. Very importantly, as consumers shifted to digital channels for most of their needs, enterprises realized the need to invest in enhancing customer experience. This significantly accelerated investments in digital transformation and cloud adoption. The global market for IT services continues to be a highly fragmented one.

OUR BUSINESS STRATEGY

We are in the process of upgrading our existing IT Solutions & Products by adopting a strategy of Digitization and modernization through IOT & AI approach. Our strategy is about driving a

"Digital first" approach through four foundational pillars: Business Transformation,

Modernization, Connected Intelligence and Trust. As part of this approach, we are prioritizing and investing significantly to drive growth in key strategic fields such as digital, cloud, cyber security in our main domain viz ‘Smart City Traffic Solutions & Smart Enterprises Solutions. Our vision is to earn our clients’ trust and maximize value of their businesses by helping them in their journey to ‘reinvent’ their business and operating models with our "Digital first" approach and best in class execution.

The company has plans to enter into a larger segment of BMS Automation for Metro/Rail Stations, Bullet Train Station, Airports & Tunnels; BMS Automation includes HVAC Controls, Fire-Fighting System, Fire-Alarm System, Power Automation, Light Control etc.

COMPANY OVERVIEW

Bharatiya Global Infomedia Limited (BGIL) is one of the top most company providing turn-key based solutions mainly catering to Smart Cities including all major sectors or industries viz. Road & Transportation, Infra &Building, Health & Medical, Defense, Security & Surveillance, Event management, Travel etc. Bharatiya Global Infomedia Limited (BGIL) owns 19 registered IPR (Intellectual Property Rights), a leading company in following segments:

SMART CITY TRAFFIC SOLUTIONS

• Parking Management System? (PMS)
• Parking Guidance System (PGS)
• Toll Management System?
• Automatic Number Plate Recognition System?
• Under Vehicle Surveillance System
• Ticket Dispensing System?
• Automatic Payment Station (APS)
• Fleet Management System
• City Bus Surveillance system
• CCTV & Auto Surveillance
• Boom Barrier, Access Control
• Pedestrian Access Control System
• Perimeter Fencing etc.
• No Parking based e- Parking system
• E-Challans system
• Ticketing Kiosks

SMART ENTERPRISE SOLUTIONS

• Smart Campus
• Visitor Management System
• Canteen Management System?
• Asset Tracking System?
• Laptop Tracking System
• File Tracking System
• Lighting Management System
• Event Management System
• Employee Tracking System?
• Time-Attendance System
• Library Automation & Management System
• Student Information System
• Smart School Management System
• Pilgrimage Management System
• Smart Home Automation
• Hospital Management System
• Jewellery Management System

R & D/ NEW PRODUCTS & SOLUTIONS

GLOBAL INFOMEDIA LTD (BGIL) is a company into Information Technology & IT based products with a focus on R&D. It has spent last few years into innovative path-breaking solutions in and around RFID & Smart Card technologies by using ARTIFICIAL INTELLIGENCE (AI). Our company’s most of the products are IoT (Internet of Things) based; It’s range of offerings includes products/services around Digital/Electronic Security & Surveillance, Enterprise Process Automation, Embedded Computing Applications, Consulting and System Integration & Design.

The company continues to expand its product/solution portfolio and consolidate it’s existing product(s) range by using Artificial Intelligence (AI) & Internet of Things (IOT) so as to meet changing requirements BHARATIYA of the clients and upgrading technologies. During the period BGIL upgraded its various IT Products and started the focus on new emerging Industries like Medical & Science, Education & Transportation.

With a list of 46 products range BGIL is a true Product based company having 19 IPRs into Applications related to automation of Security, Surveillance & Safety, Communication (Mobile Applications) covering various industry segments.

BGIL, have successfully delivered more than 374 projects till date including few first one of its kind projects in India.

Has served a top-ranking clientele which includes Fortune 500 companies.

MARKETING AND PROPOSED MARKETING SET UP

The company has planned to enter into a larger segment of BMS Automation for Metro/Rail Stations, Bullet Train Station, Airports & Tunnels; BMS Automation includes HVAC Controls, Fire Fighting System, Fire-Alarm System, Power Automation, Light Control etc.

The Management continues to look for new technologies and new diversification areas so as to broaden its portfolio of products to add on new growing segment like Home Automation, Infra and City Surveillance, Smart Cities concepts and Consultants etc.

The company has got 19 Products IPRs registered till date as follows:

Product Name	Product Name
BGIL Toll Management Systems	BGIL Laptop Tracking System
BGIL Canteen Management System	BGIL Intelligent Mast Controller
BGIL Ticket Dispensing System	BGIL File Tracking System
BGIL Token less Two Factor Authentication System	BGIL Visitor Management System
BGIL Asset Tracking System	BGIL Food Court Management System
BGIL Employee Tracking System	BGIL Club Management System
BGIL Automatic Number Plate Recognition System	BGIL Student Information System
BGIL Parking Management System	BGIL Library Automation & Management System
BGIL Smart Campus System	BGIL Jewelry Management System
BGIL Parking Guidance System

THE FUTURE OF INFORMATION TECHNOLOGIES

Information Technology has been one of the most revolutionary technologies for the last few decades. There are a few trends and techniques which are believed to drive Information Technology in the coming years. Today we will discuss about a few of them.

ARTIFICIAL INTELIGENCE

It is a technology using which machines are allowed to behave like humans. Good examples are the voice assistants like Siri and Alexa. With every passing day, AI is evolving more and will have more applications and develop indispensability in near future.

INTERNET OF THINGS

It is the concept of connecting things to the internet and also other devices. It is a huge network of different things that are connected along with people. They collect data about their way of usage and their environment and share the same.

BLOCKCHAIN

It is the technology behind bitcoins which is today being used as the backbone for various applications. It is needless to say that it will play a vital role in the future of Information Technology AND MOST OF Governments are recognizing the importance of it including Indian Govt.

SOCIAL PLATFORMS & USER EXPERIENCE

We are approaching an era when our ultimate aim would be to satisfy the users by providing them with a superior experience. This will require a more layered approach. Application design is a multidisciplinary exercise. Though it is handled by mainly the business-owners and IT architects now, it would be more optimized in the future. Inefficiency will be reduced and simplicity will be emphasized.

CLOUD COMPUTING

Cloud computing has been here for quite some time now and it is expected to change the future of information technology. It will help in increasing the storage capacity and storing huge volumes of data. There will be more data centers at an affordable price and it will prove to be beneficial for the business.

OPPORTUNITIES AND THREATS:

Our Strategy

Our strategy is to be a navigator for our clients as they ideate, plan and execute their journey to a digital future. Our clients and prospective clients are faced with transformative business opportunities due to advances in software and computing technology. These organizations are dealing with the challenge of having to reinvent their core offerings, processes and systems rapidly and position them as ‘digitally enabled’. The journey to the digital future requires not just an understanding of new technologies and new ways of working, but a deep appreciation of existing technology landscapes, business processes and practices.

RISK AND MANAGEMENT PERCEPTION

The Company faces general risk inherent in any business including political, legal, geographical, economical, environmental etc. and takes appropriate steps to mitigate them and reduce their impact to the extent possible. The Company has continued its drive towards stringent cost cutting measure and adopted continuous review of its activities.

INTERNAL CONTROL SYSTEM:

The Company remains committed to maintain internal control systems and procedures designed to provide reasonable assurance for orderly and efficient conduct of business and security of its assets and for preventing their unauthorized use or disposition and detecting frauds or irregularities, if any. The Company has laid enormous significance to develop internal control systems relating to all aspects of the business and has well-documented Operational Plans & Policies which are key to any organization for operational efficiency at all levels.

INDUSTRIAL RELATION/HUMAN RESOURCE MANAGEMENT

Industrial relations remained cordial and harmonious during the period under review.

STATUTORY COMPLIANCE

As the Company is proposing new initiatives, therefore, the management is in the process to comply all statutory requirements of the Companies Act, 2013 and other applicable laws, Rules & Regulations. The company has always strived towards compliance of all statutory requirements.

IT PRODUCTS SALES AND MARKETING

We are in the process of evaluation our marketing strategy. On the basis of new trend, we will be adopting a policy of sub-letting the projects to qualified venders in respective field, it will not only provide us an opportunity to manage our cash-flow but also to engage more professional vendors, resulting a timely & successful delivery of projects. This current year ending 2023 will be a mile-stone for our company in order to regain our reputation and trust.

FINANCIAL CONDITION

The Company has been trying to come out from the pandemic related situation during the year, but we could not come out of situation fully. Still there are lots of challenges we are facing, but we are confident to overcome them soon, may be during this ongoing year itself. In developing the assumptions relating to possible future uncertainties in the global economic conditions because of this pandemic, the Company has, at the date of approval of its financial statements, used internal and external sources of information including credit reports and related information and economic forecasts and expects that the carrying amount of these assets will be recovered.

COMPETITION

We experience intense competition in traditional services and see a rapidly-changing marketplace with new competitors in niche technology areas who are focused on agility, flexibility and innovation.

In future, we expect intensified competition. In particular, we expect increased competition from firms that offer technology-based solutions to business problems, cloud providers and from firm’s incumbent in those market segments. Additionally, in sourcing of technology services by the technology departments of our clients is another ongoing competitive threat.

We typically compete with other large, global technology service providers in response to requests for proposals. Clients often cite our industry expertise, comprehensive end-to-end service capability and solutions, ability to scale, digital capabilities, established platforms, superior quality and process execution, distributed agile global delivery model, experienced management team, talented professionals and track record as reasons for awarding us contracts.