पढ़ें इंटरनल लेटर-
At the onset of this Financial Year, I wrote to you seeking your support to overcome the disruption caused by Covid-19 to our business. The Board and I, are personally grateful to all of you for your support during these past few months. I hope we won’t have to test your loyalty again and instead will be working to reward your patience.
Digital growth through Covid, especially these last few months, has been unprecedented. All our sites are faring well, Digital spends on advertising show encouraging trends, and as our teams put their heads together to resolve some of the legacy backend issues, we are looking forward to the future with higher expectations.
I am happy to share that we have seen a decent recovery in our business performance in the last quarter. Digital revenues seem to be coming back on track and we will, in all probability, hit our annual targets.
I use the word ‘probability’ to caution that Covid is still not out of our lives. Europe is witnessing a resurgence, just as Delhi hits new highs in the recent few days. We still do not have a cure or vaccine in place. Though we are now better informed and better prepared to live with the pandemic, than we were at the start of the FY.
While the business seems to be coming back on track, I would urge that we continue our focus on cost optimizations, efficiency improvement and revenue growth so as to create a sustainable business. The surge in pandemic and attendant lockdowns could return to haunt us again.
Based on the above status we are happy to state that the Board has agreed to the withdrawal of the salary cut with effect from November 01, 2020. This is based on the premise that we will maintain our business growth and achieve our financial targets. I am confident that with the support of all of you, we should be able to do that.
We have a long road ahead and we look forward to your continued support in this journey.
Wishing you all a very happy festive season.
Thanks and Regards
Sanjay Sindhwani
(Indian Express)
