Dear shareholders, good morning and a very warm welcome to the 19th Annual General Meeting of LatentView Analytics Limited through video conferencing or other audio-visual means. Please note that as per the requirements, the proceedings of the Annual General Meeting will be recorded and will be made available on the website of the company. I now hand over the proceedings to Mr. A.V. Venkatraman, Executive Chairperson of LatentView Analytics Limited. Over to you, sir. Thank you, Sudhanshu. Dear members and invitees, good morning. I'm Venkatraman A.V., Executive Chairperson of the company. I've joined the meeting from the registered office of the company in Chennai. On behalf of the Board of Directors, I take great pleasure in welcoming you all to the 19th Annual General Meeting of the members of LatentView Analytics Limited. I trust that all of you and your family are safe and healthy. This meeting is being held through video conference in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI. The company has made all feasible efforts to enable members to participate through video conference and electronically vote on the items being considered for this meeting. Now, with the requisite quorum of shareholders being present, I call this meeting to order. Before we start the main proceedings of the meetings, I would now request my colleagues on the board and our key management personnel to introduce themselves and confirm the place from where they are attending this meeting. Let me first invite Pramadwathi. Thanks, Venkat. Good morning, everyone. I'm Pramadwathi Jandhyala, full-time director of the company and chairperson of the Corporate Social Responsibility Committee, attending the meeting from the registered office of the company located at Chennai. A warm welcome to all of you. Thank you, and over to you, Dipali. Morning, everyone. This is Dipali Sheth, and warm welcome to all our shareholders. I'm joining the AGM of LatentView Analytics from their registered office in Chennai. I chair the Nominations and Remuneration Committee. Thank you. Over to you, Reed. Okay. Thank you, Dipali. Good morning, everyone. I'm Reed Cundiff, Independent Director of the company and Chairperson of the Stakeholder Relationship Committee. And I'm attending the meeting from the registered office of the company located in Chennai. Thank you. And over to Mukesh. Thank you, Reed. My name is Mukesh Butani. I'm an Independent Director and chair of the Audit Committee as well. I'm attending this meeting from the registered office of the company located in Chennai. Thank you very much. Over to you, Raghu. Thank you, Mukesh. Good morning, everybody. My name is Raghu Venkat. I'm an Independent Director of the company and the Chairperson of the Risk Management Committee. I'm attending this meeting from the registered office of the company at Chennai. Thank you, and over to Anindya. Good morning, everyone. My name is Anindya Ghose. I'm an Independent Director of LatentView. I'm joining this meeting from Chennai, and over to you, Raj. Thank you, Anindya. Good morning, everybody. I'm Rajan Sethuraman, Chief Executive Officer of LatentView Analytics. I'm attending this meeting from the registered office of the company located in Chennai. Thank you, and over to you, Raj. Can you unmute yourself, Raj? Good morning, everybody. My name is Rajan, and I'm the Chief Financial Officer of LatentView. I'm attending this meeting from the registered office of the company in Chennai. Back to you, Venkat. Off to you. Yeah. To you, Srini. Sorry. Yeah. Thanks, Raj. Good morning, everyone. I'm P. Srinivasan, Company Secretary of LatentView Analytics Limited, attending the meeting from the registered office of the company located at Chennai. Thank you, and back to Venkat. Thank you, Srini. In addition to the board members and our key management personnel, we also have key executives joining from their respective locations. The representatives of the statutory auditors, Price Waterhouse Chartered Accountants LLP, internal auditors, BDO India LLP, and secretarial auditors, M. Alagar & Associates, have also joined this meeting. Now, I request Srinivasan, our Company Secretary, to provide general instructions to the members regarding participation in this meeting and other voting procedures. Thanks, Venkat. Welcome, everyone. Members may note that this Annual General Meeting is being held through video conferencing in accordance with the provisions of the Companies Act, 2013 and SEBI LODR Regulations, read with circulars issued thereunder. The facility for attending this meeting is through video conference or other audio-visual means is made available for the members on a first-come, first-served basis. The register of directors and KMP, the register of contracts and arrangements, and other documents mentioned in the notice of the AGM have been made available electronically for inspection by the members during this AGM. Members seeking to inspect any of these documents after the meeting may send the request to investor.care@latentview.com. As the AGM is being held through video conferencing, the facility for appointment of proxies is not applicable. The company has received requests from a few members to be registered as speaker shareholders at this AGM. Accordingly, upon confirmation from the chairperson, the floor will be open for speaker shareholders to pose questions or express their views. Members may also pose their views or questions on the Q&A box available on the video conferencing page. It may be noted that the company reserves the right to limit the number of members asking questions depending on the availability of time at this AGM. The company has provided the facility to cast votes electronically on all the resolutions set forth in the notice. Members who have not cast their votes electronically and who are participating in this meeting will have an opportunity to cast their votes during the meeting through the e-voting system provided by CDSL. Members are requested to refer to the instructions provided in the notice of the AGM for seamless participation through video conferencing and also for e-voting. If you face any difficulty, you may reach out to the helpline numbers or email provided in the notice of the AGM. Thank you very much. With this, I hand it over to the chairperson. Thank you, Srini. Good morning, everyone. I wanted to share a few words about LatentView's performance as well as the future as we see it. It is there in our Annual Report as well. We call it, "From Hype to Impact: Embracing AI with Purpose." We are at the threshold of a transformative time where humans won't just interact with AI but delegate to it. In the past year, we have seen Generative AI move beyond personal productivity hacks that each of us has been doing to enabling enterprise transformation, and now, we are witnessing the rise of Agentic AI. Amid this rapid change, we tell our clients, "Make informed choices. Let AI enable you, not overwhelm you." Because success lies in riding the shift which is redefining every business touchpoint, from customer experience and product development to supply chains and personalized marketing. At LatentView, we are being actively building this future, from helping clients adopt GenAI responsibility to launching solutions powered by Agentic AI. We are at the center of what's next. And our North Star has always been, "How do we serve our customers better?" That's what has guided our strategic decisions, whether it is building our consulting capabilities, strengthening our partner ecosystem, or making our very first acquisition. As we integrate Decision Point Analytics, we are combining strengths to deepen our impact in the consumer goods and retail space. At the same time, our focus on technology and financial services continues to deliver strong results. The technology vertical remains our largest, contributing over 68% of our revenues. Financial services has seen impressive growth with strong deal momentum and new client wins. Together, these efforts have helped us cross a significant milestone of $100 million in revenue in FY25, a very proud moment for all of us. To reach this mark just three years after our IPO says a lot about the trust our clients place in us, the commitment of our teams, and the continued support of all our investors. As we grow, we know that the future will be shaped not just by strategy but by the strength of the people who bring it to life. That's why we are reimagining how we build a future-ready workforce, starting with investing in curious minds, people who ask sharp questions, learn quickly, and solve for complexity, not just for scale. Our new AI Center of Excellence ties together all our efforts. It helps us empower our teams and move faster for our clients. We are also upskilling our teams in modern data engineering and helping them design scalable AI that serves real business goals. As AI rewrites the rules, we are playing the long game. We believe the future won't be built by automation alone. It will be shaped by insight, imagination, and the will to keep asking, "What's next?" Our focus has always been to deliver outcome-driven solutions for real-world business challenges that drive tangible impact. Our team's pursuit in innovation, coupled with our client-centric approach, is a bedrock of our success. As we strive to meet the expectations of our shareholders, we thank all of you for your support and belief in our vision. Here's to shaping the change with accurate decisions and actionable insights. Now, I request Rajan Sethuraman, our CEO, and Rajan Venkatesan, our CFO, to make a brief presentation to the members on the performance of the company during the financial year ended March 31st, 2025. Over to you, Rajan. Thank you, Venkat. And good morning and good evening for everybody attending this AGM of LatentView Analytics. I want to use the opportunity to share a bit of perspective on our journey in the last four or five years, especially from the IPO, in terms of the commitments that we had made and also the targets and the goals that we had set for ourselves and how we are performing with them. If you can move to the next slide. The next one, as well. And go forward, please. So sorry. Stay on the next one. So you would recall that we went from being a private-limited company to a public-listed company in the year 2021, November 2021, to be precise. Since then, we have completed four years plus in terms of the time frame since the listing. We have grown significantly in that period of time. You would all recall that our IPO itself was one of the most successful ones in the Indian market, garnering subscriptions over 330 in terms of the number of times that our IPO got oversubscribed, making history in the process in terms of not just the oversubscription but also the first company in the data analytics space to get listed in the Indian market. Since then, there have been a number of initiatives that have driven our growth journey. For example, we launched our ConnectedView supply chain capabilities and solutions in the year 2022. We also set up an advisory council around that time, and we were operating at about 1,000 persons in terms of the total capacity that the team had. Fast forward to 2023, we actually started building out our value propositions and focusing on the solutions that we believe that our clients needed in terms of tackling the challenges that they witnessed within their own context, emerging from COVID and other geopolitical as well as industry challenges that they faced. We also launched capabilities around generative AI in terms of building solutions, not just generative AI solutions in the core but also having a GenAI wrapper on top of the solutions that we already had. 2024 saw a significant milestone in terms of the acquisition that we did of Decision Point. You would recall that in our IPO, we had stated two verticals as important areas of growth for us and focus. One was the consumer goods vertical. The other being banking financial services. We are very happy that we were able to identify an inorganic growth opportunity in the form of Decision Point Analytics. It took a bit of time for us to make sure that we went through all the opportunities in front of us. But Decision Point Analytics, with its capability around revenue growth management and also generative AI, we were very clear that this was going to be something that added to the spectrum of solutions and value propositions that we could take to clients in the consumer goods space itself. It's been a year since we acquired Decision Point, and the integration, both cultural as well as business-wise, is in full swing. We have completed a year, and we see good momentum in terms of how things are going forward. In 2025, we achieved a milestone of crossing the $100 million mark. This is roughly a two-and-a-half times kind of a growth since the IPO that we did in November 2021, where we were about $40 million, close to that number. So we are incredibly proud of the milestone that we have reached early in 2025 in terms of hitting the $100 million mark. Move to the next slide. So you can see the growth of the company in terms of revenues from the $41 million that we achieved to the $100 million mark over this period of time, amounting to over 244% in terms of growth delivered from the IPO time frame. We also are very proud of the fact that a lot of the revenue is driven by growth that we have in our existing accounts, accounts where we have had a relationship for over a five-year period and where we continue to see growth in terms of what we can accomplish going forward. Technology has been our bedrock vertical, and Venkatesan alluded to that as well in his opening remarks. But we are also incredibly excited by the fact that financial services as well as consumer goods through the acquisition of Decision Point are now additional drivers in terms of accomplishing the target that we have set out for ourselves for the next three years. I think suffice to say that the opportunity for data analytics is plentiful. We are seeing increasing traction on the back of evolving new technologies and capabilities that keep getting introduced every week, every month, every quarter in terms of what is happening in the external world. However, this is also going to present a significant amount of complexity to our clientele in terms of how they navigate the evolving landscape in terms of the options available in front of them for implementing solutions that will deliver business impact at scale at an enterprise level. And that's the focus that we are on as we move forward. Can we go to the next slide? Talked about the acquisition of Decision Point. Just wanted to throw a little bit more color on that. Prior to getting Decision Point on board, we were already working with a focus in terms of taking clear solutions and value propositions to address the challenges that our clients are facing in the consumer goods industry. Earlier, we had solutions from our own stable around the areas of R&D and innovation in the form of our SmartInnovation value proposition and also supply chain areas, right from inventory forecasting, demand planning, on-shelf availability in the form of our ConnectedView supply chain opportunity and capability that we had created. Now, the acquisition of Decision Point completed the spectrum of challenges that clients are facing within the consumer goods space, bringing Revenue Growth Management also as an important solution and value proposition that we can take to the market. In some sense, bringing the RGM capabilities that Decision Point brought on board helped us stitch together a full story in terms of identifying not just the new products and innovations that our consumer goods clients needed to bring onto the table, but also in terms of how all of that can be executed through the supply chain capabilities and then realizing the value for the revenue growth management capabilities. We are also very happy that the integration with Decision Point has progressed really well in terms of both the teams from LatentView as well as Decision Point working together and taking such an integrated value proposition into the market. There is, of course, more work to be done, and that will get reflected in how our consumer goods practice performs over the next several quarters. But we are very excited by the possibility that this acquisition has brought to the table in terms of synergy and also the full spectrum of capabilities that we are now able to offer. We will continue to look for opportunities which are inorganic going forward as well. And the focus is going to be on our priority areas of growth related to AI and generative AI and also in the area of data engineering, where we believe that there is a lot of opportunity. With this, I'm going to hand it over to Raj for touching upon the financial and the operating performance. And then I'll come back and talk about the three most important priorities that will drive our growth in the next three years. Over to you, Raj. Thank you, Rajan. Good morning, shareholders. Yeah, we can move to the next slide. I'm going to quickly touch upon, in some sense, the financial highlights for the year. Then I will also talk through what are the sort of trends underlying the numbers that we are seeing today. For the full year, FY25, revenues grew by close to about, I would say, 32.3% in comparison to the year before. As Rajan and Venkat already elaborated, this was the year in which we acquired or made our first acquisition, which was Decision Point Analytics. Of the 32.3% revenue growth, close to about 22% came from the organic business, and about 10% was driven by the acquisition of Decision Point. The results of Decision Point, of course, were considered only from the period starting 1st of July. And therefore, what is getting reflected in the revenue numbers is the operating performance of Decision Point for the nine-month period. In terms of our EBITDA margins for the year, you will see that both in absolute terms as well as in percentage terms, we did show an improvement over the previous year. For some of you who've been with us since the time of the IPO, you would recollect that as part of the IPO, as well as the immediate plans that we had thereafter, we had outlined that we will be making significant investments in the sales and marketing as well as capability-building side. And in line with that promise that we had made, we had embarked on, I would say, a fairly ambitious expansion plan of adding people in the front end. This is both in the U.S. and European markets, which are our primary focus markets. And therefore, in the year in which we went public, our EBITDA margins were close to about 30%. The 29.9% was our reported number for FY22. And thereafter, in the subsequent years, you would see that the margins did sort of contract. But this was also in line with the investments that we were making, which were a little ahead of the curve. These were primarily to set us up for long-term sustainable growth. And now what we saw last year was, obviously, some of these investments started paying off. The revenue growth, even in the organic business, came back to about 22%. And therefore, we did see some level of operating leverage kicking in. And we closed the year with EBITDA margins in the range of 23%. We believe that these are, I would say, sustainable levels of EBITDA margins going forward. We would like to be in this band of 23%-24% over the next couple of years as we look to scale the business and also deliver on the ambitious plan of getting $200 million by FY2022. The EPS, if you look at it, again, we had a fairly robust growth in EPS numbers for the last year, despite the fact that we don't have tax benefits from actually operating in an SEZ anymore. In fact, we came out of the 10AA benefit last year, and despite that, we were able to record a robust growth in EPS. This was primarily driven by strong operating performance, which is reflected in the EBITDA margins as well. W e can move to the next slide. In terms of team strength, you will see that, of course, there was a significant jump in the number of employees in the year FY2025. Of the total count of 1652 resources, close to about 200 employees were Decision Point employees, and the addition of Decision Point employees meant that our overall headcount went a little higher in comparison to the revenue growth. But in terms of revenue per employee, you will see that our revenue per employee has, I would say, more or less remained stable over the years. It was close to about 5.5 million INR at the time of the IPO, and it currently stands at about 5.1 million. The reason to some extent for this drop is also because a significant chunk of the Decision Point employees are based in offshore locations in India, and the billing rates for offshore resources is typically a little lower. So as our share of employees who work out of offshore locations has gone up, that's had some level of impact on the revenue per employee. We can move to the next slide. With that, we come to the end of the financial highlights. I'm going to hand it back to Rajan to talk about our strategic initiatives for the next three years. Yeah. Thank you, Raj. And if you can move to the next slide. So there are three important priorities that we have identified for ourselves in terms of how do we get to the aspiration that we have set, $200 million mark in a three-year time frame. I want to spend a few minutes talking through what these priorities are and how we are performing against them. The first one was the identification of a set of focus accounts. We believe that these focus accounts will get us to 90% of the journey in terms of getting to the $200 million mark in the next three years. Many of these accounts are ones where we have long-standing relationships. But there are also a few new accounts in the mix, accounts that we would have acquired, brought on board in the last 12 months or 18 months. We have taken a bottom-up exercise in terms of identifying what is the potential for growth in these accounts, and in addition to that, we also have set up an internal war room of sorts. We are calling it Project Ignite, with a very explicit mandate to identify and expand the opportunity landscape to this account, go after that opportunity with a very purposeful and relevant solution and value proposition, and more importantly, execute that entire approach in a very disciplined manner, bringing in the necessary governance mechanisms required from a sales process perspective or right from opportunity identification and taking it all the way to the closure. This is a very important initiative for us. We believe that 90% of our growth in the next three years will be driven by the accounts that we are working with. Of course, we will invest in bringing new accounts on board as well. But there is strong momentum in existing accounts, and we want to capitalize on that. The second strategic priority area for us is the artificial intelligence and generative artificial intelligence, CoE, that we have launched. It's been about a couple of months since we formally announced this internally and then also started talking about it externally in terms of interactions with the market, clients, the investing public. This is a space that is really burgeoning in terms of growth potential. Last year, about 7%-8% of the revenue that we did come from came from work in the artificial intelligence and generative AI and agentic AI space. We believe that this area will continue to grow significantly. Market research in terms of growth potential in this area over the next 5 to 10 years pegs the CAGR anywhere between 35%-45%, with a lot more companies looking to adopt what is happening in terms of the new tooling and technology available around Generative AI and Agentic AI. This is an area that we are investing in significantly in the form of the Center of Excellence that you set up. We already staffed the CoE with a 15-member team drawing from experts within the organization, hiring also from the outside, and even bringing on some interns with serious research capabilities, PhDs, and so on. So this is an area that we will continue to double down on. I'm expecting that a good chunk of growth with our existing accounts as well as new prospects will be driven by the work that we do in this space for them. Finally, the third area, which is very important for us from a strategic priority perspective, is our partnership with Databricks. This is a partnership that's been in the making for the last 18 months or longer. We now have a good critical mass. Last year, we did about $10 million of work in partnership with Databricks, where we were either helping them implement, helping clients implement a Databricks platform, or deliver analytics on top of our implementation that we have already done. We are expecting that the Databricks partnership will yield us $15 million in three years from now, making up 25% of our revenues when we hit the $200 million mark. And all the investments and actions that we are taking right now are in line with that. The Center of Excellence will bring capabilities all the way from relationships and interactions with the senior personnel at the Databricks end to their account executives, a go-to-market team, which is exclusively focused on Databricks opportunities, the solution architecting and the technical architects that we need so that we are able to solution for the problems that are coming to us in the best way possible. And then finally, an execution team that will deliver on the opportunities that we are able to bring on board. So this is going to be an integrated approach with a specific focus on Databricks and data engineering. And this is something, again, where we'll be investing significantly as we move forward. We are expecting that these three strategic priorities that I and the leadership team are focused on will get us and go past the $200 million mark that we have set out for ourselves. Of course, I also wanted to add that the current macroeconomic environment is continuing to witness challenges in terms of multiple dimensions of uncertainty. We do believe that some of these uncertainties will get resolved in the time frame. It's a three-year, so fairly significant period of time. And we are laying the foundations for how we can capitalize on the opportunities once they start coming through. With that, we conclude the presentation that we had in terms of the performance in the last year and the priorities going forward. I will now hand it back to A.V. Venkatraman, Chairperson, for additional remarks. Thank you, Rajan, and thank you, Raj, for the presentation on the business and the financial performance. I now request Srinivasan, our Company Secretary, to read out the resolutions proposed for this meeting and provide a summary of the auditor's report. Thank you, Venkatesan. We'll now take up the resolutions as set forth in the notice. Item number one, adoption of audited financial statements, standalone and consolidated, along with the reports of the board of directors and of the auditors thereon. Item number two, reappointment of Mr. A.V. Venkatraman, DIN 01240055, a director liable to retire by rotation. Item number three, appointment of M. Alagar and Associates as second auditors of the company. Item number four, appointment of Dr. Anindya Ghose, DIN 10243913, as an independent director of the company. Since all the resolutions have already been put to vote through remote e-voting, there will be no proposing or seconding of the resolutions, and there will not be any show of hands. The statutory auditors, Price Waterhouse Chartered Accountants LLP, and the secretarial auditors, Alagar & Associates, practicing company secretaries, have expressed unqualified opinion in their respective auditor's reports for the financial year 2024-25. There were no adverse comments on the financial statements and matters which may have material impact on the functioning of the company. Thank you. With this, I hand it over to the chairperson. Thank you, Srini. With this, notice of the AGM and report of the auditors circulated to the shareholders will be considered as read at the meeting. The registered speaker shareholders will be called upon to express their views and ask questions pertaining to any item proposed in the AGM. Members are requested to keep the questions brief and specific. To avoid repetition, answers to all the questions will be provided at the end. The moderator will facilitate the question and answer session. With that, I will hand it over to the moderator. Thank you, chairperson. We will now invite shareholders who are registered as speakers. Kindly accept the unmute request. Do switch your camera on when your name is announced. Please begin by stating your name, location, and folio DPID before your questions or queries. We kindly request you to limit your comments to a maximum of three minutes. With this, I now call upon our first shareholder, Mr. Priyank Kothari, to speak. Sir, we have placed you in the meeting. Kindly unmute your microphone and speak. Hello. Yes, we can hear you. Please proceed. Yeah. Very good morning to Mr. Venkat, to the chairman, and to the other members, the CEO, the CFO, and the other members of the board, and to my fellow shareholders. So I have been following this company since the listing, and I've been a shareholder. And every year passes, and I keep increasing my investing, believing in the way this company is evolving. And I'm really proud to say that last year was a tough environment outside, but still our company managed to close at double-digit with a really good margins improvement over there. So I really thank for the effort that the company, the team is doing at LatentView. And looking forward that with the change in environment outside, we will definitely be in a better position coming back to our past margins and past growth rates. And I'm sure after listening to the CEO's presentation, I'm much more confident now than before the AGM started, sir. So I also want to give my respect to all the team members of LatentView because on page 32 of the annual report, I saw the achievements and the awards, which already talks great about this company and the people that they are working and the kind of achievement we have done. So once again, congratulations, sir. So now I have been trying to understand this company since many years, and I am not a technology guy, so my question might not be you might feel it'd be irrelevant, but please pardon me for the question. But it is more to understand this company better and get a better view on this company on a longer term. So now from the annual report, as well as from presentation, it was very clear that our focus is moving towards one is mining our own the old customers, as well as the Agentic AI and Databricks business. So I have tried to put down my question into two blocks. One is the question related to Agentic AI specifically, and then towards Databricks, sir. So my first question is, so it is very clear that there is an opportunity opening up. And I understand that what we are seeing as an opportunity, also the SIs, that the system integrators are also looking at it, and they are also trying to tap this. Now, they being much more larger players, so how do you think that we as a company are well positioned to tap this opportunity? And also, what are we doing specifically that making us more relevant to our customers? I mean, if I frame it in a better way, what are we bringing on the table to the customers compared to these SIs, the big players who are also in this space, sir? So there was another thought that came to me when I read more data on this. Sir, does it make sense that we tie up with the large SIs to get upscale and better opportunity, or do we think that doing on a standalone basis makes us in a better position? So also, I came across some understanding that do offering AI-managed services is a better business model where we have a much more stickiness in a recurring revenue, or the way that we are right now positioning is so if you can give us a sense to get a better idea that where are we and how are we positioning ourselves, sir? I understand that this AI is an emerging space, but the integration of AI into these companies, there are a lot of optionality layers at every space. And in every time, things will change in 12 months or maybe less than 12 months. In this evolving space, how do we think that our solutions will keep upbeat with the requirement of the environment, sir? We have setting up the Center of Excellence. I really congratulate the team for such a because this is the requirement of the hour, and we are doing a great job in this. So if you can give us some sense that what is our plan in terms of how many people do we plan to add, what is the kind of R&D budget, or I would say a percentage of revenue that we would like to spend every year in building new product because this is going to be our engine of growth going forward. So. Thank you, Priya. I think there are quite a few questions in there, so we'll try to address it at the end after we receive all the questions. Thank you. Thank you, sir. Sir, our next shareholder, Mr. Manjeet Singh, has not logged into the meeting. So we now invite Ms. Elizabeth Mascarenhas to speak. Ma'am, we have placed you in the meeting. We can see you. Kindly proceed with your question. Yeah. Am I audible? Yes, ma'am. Please proceed. Yeah, because I can see the video. Fine also. Okay, I go ahead. Good morning, Chairman, Mr. A.V. Venkatraman, CEO Rajan Sethuraman. Even I greet the founder members, Pramad, Venkat and Ravi Shankar, and all the other directors on the board, and my dear fellow shareholders in this VC, and myself, Mrs. C. Mascarenhas. I am speaking from Mumbai. Now, I thank the company secretary, P. Srinivasan, for sending me an annual report and also registering me as a speaker at my request and giving me this platform to speak, which was quite easy to operate. Thank you so much. Now, our annual report is full of information, facts and figures, self-explanatory, adhering to all the norms of corporate governance. Actually, I find also this topic very difficult to understand because I belong to the old times. So these are all which are coming just shooting just now. Now, working is good from the annual report. Revenues are up. PBT and PAT is up, but no dividend. But you are justified because you are ploughing back for the growth and acquisition and for better returns in the future. And we also look forward, if not dividend, the market capitalization should go up. Market should go on giving us thumbs up, not only local domestic market, but also international market. Of course, you are doing a lot of acquisitions. I'm very proud of it. Now, I go to the next line. Congratulations for awards and accolades received during the year. I will not specify anything. The speech also gave a lot of information on that. Also, I am very happy with the very good CSR work the annual report shows. I am very proud. Now, I come to my queries. We have 10 subsidiaries all over the world, which is giving us a very good growth with good revenues and good margins. Second, we are in business analytics. We have got certain verticals. That is, one is business consultancy, data engineering, business analytics, market analytics, customer analytics, HR analytics, supply chain, financial analytics, risk analytics. Which among these, maybe there may be more, but at least some I have just said. Which among these, there is more demand with good margins? And in which of these, we have no pricing policy? Next, we are the first pure- play data analytics company listed on BSE and NSE. Now, there is a lot of competition on the domestic, if not in the international market. We have 1,600 analytics professionals. I would like to know male-female ratio, average age, attrition level, and if there is high attrition level, how do you try to retain these professionals who are always taken by other institutions like recently what has happened? The first client in 2010 is Microsoft. Are they still? I only request you to conclude as there are other shareholders waiting in the queue. Thank you. Yeah, I just wind up. So I have some more questions. Maybe I will send. Only I will ask you how much CapEx will be required for the next three years, organic and inorganic growth to acquisition after acquiring the Decision Point. With this, I support all the resolutions. I wish my company all the best and may it grow in strength to strength. Thank you so much for giving me this occasion to speak. Namaskar. Thank you, ma'am. Thank you for your trust. We now invite our next shareholder, Mr. Jaydeep Bakshi, to speak. Sir, we have placed you in the meeting. We can see you. Please proceed. Yes, very good morning, Chairperson, CEO, Board of Directors, CFO, and other key managing persons. Myself, Jaydeep Bakshi, connecting from the city of Kolkata. Sir, the initial speech was very much interesting and also nice to hear it and also shared the growth story and also the financial performance also, and congrats once again for covering two decades with a trusted partner in digital engineering. Sir, identify the emerging opportunities and potential risks for empowering our client business model. Sir, apart from the present breakthrough in financials and consumer packing, new venture areas are we thinking of for long-term business value and diversification of our client base? What's next, sir? Is it a GenAI or what we are thinking of in our next course of actions? And our retention rate and onboard training and skill application, can you share some thoughts and share our strategic decision on serving our customer better and expand the global footprint? Sir, can you share on the acquisition to further strengthen the position in market? And our Center of Excellence explanation is a moving engagement for pilot projects to production. Kindly also share thoughts regarding this. On page 53, the boot camp for new campus has been explained. What is the present hiring status now? And page 79, the energy conservation also being taken up, and also our CSR activities have been great. So what is our thought regarding data protection or cybersecurity, and can AI help out in this project? Because this is the main cause of concern nowadays. And I have supported all the resolutions. And also, thanks to our company secretary, Mr. Srinivasan, for giving me an opportunity to reply to my questions, queries, and also to our moderator for conducting this video conference in a smooth manner. And hope our performance goes beyond numbers and continues to grow with the trust of clients given by value. Thank you, sir, and continue with the VC in the future. And if possible, kindly share some festival greetings with us during the time of festivals as you do with your clients. Thank you, sir. Thank you, Mr. Bakshi. Thank you for your questions. Thank you, sir. We now invite our next shareholder, Mr. Dilip Kumar Das to speak. Sir, we have placed you in the meeting. We can see you. Kindly unmute your microphone and speak. Hello. Hello. Can you hear me? Yes, we can hear. Yes, we can hear you. We can hear you, sir. Thank you. Good morning, respected Chairman, sir, all other eminent Board of Directors and key personnel, my online fellow shareholders who are connected with the 19th annual general meeting of LatentView Analytics Limited, organized wonderful video conferencing meeting, which is very, very grand success. Really, it's awesome. Sir, I say Dilip Kumar Das, ID number 1201910300660635, executive member of Kolkata Welfare Association, participating in this meeting from my residence at Kolkata. Sir, this is my fourth meeting as a speaker. I believe that I am proud and a member in this LatentView family. Very good investor service. Thank you, company secretary, Mr. Srinivasan, and his team of LatentView. I have received a wonderful annual report, which is a very systematic and segment-wise report. I think this is the best annual report in this year I have received. Sir, there is any competition or exhibition for annual report? Kindly participate. I believe this report will be the prize winner. Sir, our Executive Chairman, Mr. A.V. Venkatraman, Mr. Rajan Sethuraman, and financial officers explained all the activities of our company by a slide presentation. Very good result on our higher side and previous year. Very good CSR activities also. Sir, I have some questions. Please. Besides our sir, what is our roadmap for coming two years? Number two, is there any rating of our company? Thank you. Number three, what is our cost of annual report and also VC meeting expenses inside instead of physical meeting? Sir, number four, is there any policy for recruitment qualified candidate employees quota, employees from our shareholders quota? Number three, Government of India introduced paternity leave for male employees. What is our thinking in this matter? Kindly arrange a get-together with LatentView management employee and shareholders attending this annual general meeting on the occasion of LatentView company's birthday celebration. Sir, I have full trust of our management, and I voted all the resolution in favor of you. Sir, I have honored that the company secretary has given me a chance as a speaker in front of you. Lastly, I wish you and your LatentView team for good health and prosperity. No other matter. I, Dilip Kumar Das, over to you for further proceedings. Namaskar. Thank you, Mr. Das. Thank you, sir. Chairperson, with this, all shareholders who registered as speakers and did log in were given a chance to speak. And now, I hand over back to you to conduct the further proceedings of the meeting. Over to you. Sure. Thank you. May I request Rajan Sethuraman to address the questions that Mr. Priyank Kothari had raised about going it alone versus partnering with SIs as also the managed AI services? Yeah, thanks, Venkat. There are a fairly large number of questions, and I could maybe do a session addressing some of the questions that I want to know. Sure. So firstly, in terms of partnering with large systems integrators versus going it alone, there's also part of the question which requests us to share what are the differentiators that we bring, right? Why would companies work with us? There are a few reasons that we have seen articulated even by our clients when they decide to work with us. One, of course, is the exclusive focus on data analytics. I mean, we are kind of born in the data analytics digital age as a company. A lot of the work that we do involves solving fairly fuzzy and complex problems, working alongside business stakeholders and helping them even define the problem in many instances before the application of the relevant technology or the mathematical approach, right, that is required to solve the problem. So that agility and nimbleness that we are able to bring as a data pure- play data analytics company, I think, is an important factor. A second important thing I would say is that we have been working with the large tech companies who have been inventing the next new in the area of data analytics for quite some time. I mean, you recall the association that we have with Microsoft, for example. We work with most of the large Bay Area Silicon Valley-based companies that are inventing the next new when it comes to data analytics. So therefore, in some sense, we are learning from the masters in the space. That actually gives us a great deal of credibility, not just in terms of working with other sectors, but even within the tech sector when it comes to applying the new tooling and technology that they are building for running their own business. They do look to partners like us for helping them with that. So I think those are areas where we are able to claim a substantial differentiation in terms of what we bring to the table vis-à-vis larger systems integrators players. Having said that, there have been instances where we have been able to collaborate and work along with other firms, not just systems integration firms, also product companies, larger management consulting and strategy consulting firms as well. As we speak, there are some discussions going on on that front as well. When it comes to work in the agentic AI space, there are probably few evolutionary paths that it could move on. One is just continuing to do work using the managed services kind of a model that we take for delivering work. But today, everybody is also talking about the kind of productivity and efficiency gains they can achieve by using generative AI, agentic AI type of technologies to solving their problem. So we are open to the idea of looking at fixed scope projects where we go and help them with the initial technical architecture. And if we have implemented the technical architecture for them, then there is a lot more work that can come through in the form of managed services. So that's an approach that we will take, and we will evaluate how things move forward. Finally, I think there was one more question related to the solutions and value propositions that we are building, capitalizing on the AI Gen AI phenomenon. There was a three-pronged approach that we had taken. One was to build solutions which have generative AI and agentic AI at the core in terms of what is the value proposition that we are offering. Our solutions like LASER and AI Penpal actually leverage the core LLM or reasoning model capability, and they provide solutions. A second was to create Gen AI wrappers on our existing solutions that allow us to interact with them better through natural language, conversational language. And the third one was how do we use generative AI to improve our own productivity, right, and the performance of the work. So all are areas which we are focusing on, and we are expecting that we'll continue to see significant progress in the times going forward. So I think I kind of addressed the four questions that you had. Venkat, you can pass it back to me if you'd like me to talk on your areas. Sure. I just thought we'll ask Raj to address some of the questions that Ms. Mascarenhas had. Raj, she wanted to understand the demand that we see across all the various offerings that we have. Where do we see the highest demand and where the margins are really good? Yeah. In terms of, I would say, the demand, right, traditionally, if you were to break down the work by the function that we impact the most, right, so customer and marketing analytics would be the lion's share of the work that we do execute today, contributing close to about 60%-65%. And we continue to see, I would say, fairly robust and strong demand for these services. Data engineering is another space that Rajan already spoke about. Our partnership with Databricks is a big, big strategic focus area. In fact, we've made significant investments in building very, very strong capabilities on the Databricks side. While data engineering by itself contributes close to about 18%-19% of our overall revenues, we believe that in the coming years, this will be a significant growth driver. And we anticipate that Databricks and data engineering-related revenue could grow to almost $50 million by the time we hit the $200 million revenue mark, right? So that's going to be a big, big growth driver for the company as well. In terms of the margins and where do we see differentiated or higher margins, I would say across the board, our pricing for most of the work is not very different. I would say, to some extent, the margins could depend on the location from which we deliver the work, which could be either from locations in the U.S. or locations in India. But across the spectrum of the work that we execute, typically, we don't see a big shift in margins. I mean, most of our projects that we execute have gross margins in excess of 50%. At least we've not witnessed any significant pricing pressures over the years. We have a fairly strong and robust delivery engine through which we are able to manage the cost, right? You will see that gross margins in general are fairly robust and continue to be healthy. Thanks, Raj. I think she also had some questions around our people composition. Maybe I can address some of that. I think thanks for highlighting the ratio of men versus women in the organization, ma'am. It is an area of focus for us. We do very well at the entry levels where it's almost even. But overall, as a company, I would say we are probably around the 35% mark in terms of the number of women in the company. And I think we have some work to do in terms of improving the ratios in our leadership roles. But this is certainly an area of focus. And our Chief Human Resource Officer, Remad evi, is focused on this very much. You also had a question around attrition. Again, in a business of our nature, this is inevitable because we have talented people. There are enough and more companies looking to hire from us, and some of these people do make the choice of moving, but the good news is we have a strong pipeline of good candidates that we hire every year, and we are able to kind of meet our demands through this, and we try to manage the attrition numbers by proactively engaging with our people and trying to understand what their needs are and addressing as much of their needs as we can. Rajan, maybe I give it back to you in terms of future plans. I think both Mr. Jaydeep Bakshi and Dilip Kumar Das wanted to understand the roadmap that we have ahead of us for the next three years. Maybe you can spend a, you did allude to it earlier, but maybe you can spend a little more time on that. Yeah, sure. I also wanted to, I mean, there was a question on whether Microsoft is still a client. Absolutely, yes. I mean, they were the first company that we started working with when we pivoted to the U.S. market. We continue to do very interesting work for them. And we are expecting growth in data consulting in this year. I did touch upon the priority areas of focus. From a sector, industry subsector standpoint, at this time, we have taken a call to stick to the key sectors where we are already present, like tech technology, e-commerce, digital native platforms, fintech space, industrials within the automotive, working with manufacturing companies, and of course, consumer goods and retail. I mean, that's been the areas of focus. There are other sectors like healthcare and life sciences that we can explore. We are not close to that idea, but we also want to make sure that if we are going to move in that direction, that we are able to build not just capacity, but also capability and expertise that's called for, right, if you move in that direction. But there are several sectors where we are even now underrepresented, right, sectors in which we are currently present. And therefore, the strategy going forward will be to strengthen our presence in the banking financial services, for example, and also in the consumer goods and retail space, right? And that will be an important part of the strategy. Also, we are and we will continue to look for inorganic growth opportunities also that will help address the priorities that I talked about, right, related to GenAI and Agentic AI, also related to data engineering and the industry sectors that I just mentioned. The related question, I remember, was on the investment and capital required. Given that we are largely a services organization at this time, the kind of investments and capital required is typically in the nature of people that we need, either in the market or in the front- end, or people that we need from a technical solution architecture and capability perspective. And these are investments that we have been making for the last several years. We'll continue to make them as well. We don't see any issues with that. Larger capital requirements will typically be if we are investing money in building out solutions or value propositions, and there is some amount of money that's already being spent in that direction, right, in terms of the solutions that we are building, for example, in the AI data science Gen AI space, and then the other one would be if we decide to pursue further inorganic growth opportunities. We are continuously evaluating whatever comes in front of us, but we will want to be deliberate and careful about utilizing the capital that we have for pursuing inorganic growth opportunities. Overall, I will say that at this time, the areas that we have picked in terms of both industry sectors as well as the nature of the work, they provide enough headroom for growth over the next three-year time frame. A substantial chunk of our focus and investment, therefore, will be in the areas that we have already picked. Thank you, Rajan, for an extensive answer covering all the questions that we got from our shareholders. Thank you, Mr. Priyank Kothari. Thank you, Mrs. Elizabeth Mascarenhas. Thank you, Mr. Jaydeep Bakshi. Thank you, Mr. Dilip Kumar Das, for all the comments, inputs, questions, and the trust you have in us and the leadership team. We look forward to kind of retaining your trust over the years. Thanks to all the participants of the meeting. The members who have not already cast their vote by means of remote e-voting may do so now through venue e-voting, which will be available for the next 30 minutes. R. B. J. V. & Associates, Practicing Company Secretaries from Chennai, have been appointed as a scrutinizer to report on the combined voting results of remote e-voting and the venue e-voting. The results will be declared and submitted to the stock exchanges within two working days from the conclusion of this meeting and disseminated on the company's website along with the scrutinizer's report. I authorize the company secretary, Mr. Srinivasan, to do the needful. Resolutions, as set forth in the notice, shall be deemed to be passed today, subject to the receipt of a requisite number of votes. With this, the AGM concludes. I am grateful to all the members and to our board of directors who have taken their time to attend this meeting. With your permission, I hereby declare the proceedings closed. Thank you very much.