With the accelerated growth of the Indian economy and the onset of globalization we see the rapid rise of off-shoring creating balance of economies.Off shoring is generally seen to be good for both the economies concerned. It has resulted in significant contributions to both the economies. Though there has been a general fear that off shoring causes job losses, the reality is just the opposite. Off shoring in fact is a driver to the creation of jobs for both economies. It not only creates jobs but also generates wealth and is seen as a key driver for improvement. Off shoring could also be considered as the keyword for a modern day organisation. Adonis Designs has entered into a very significant phase of its growth. From being a pure Architectural establishment, moving to Construction; we have moved to providing Work share Solutions, Management Consulting to the global building industry. We are expecting to grow 70 to 75% this financial year. In 2007-08 we have added 16 new clients, a record number for us. Approximately 50% of these clients are large, with sales exceeding 100 million USD. The new clients have been acquired from the housing, hospitality and healthcare segments. Our outsourcing practice took a quantum leap with 3 large contracts in the second quarter. The company retains its core business of architecture and construction and the move into backend architectural support and consulting will result into delivering better service to our clients with a more comprehensive bouquet of offerings customized to their needs. Our vision is to create a flat and a vibrant organization where every employee is treated as an equal partner and not just in thought but also in true practice.
We are planning to move into a new office facility in Gurgaon of 8,000 Sq.ft. This provides us with plenty of elbow room for our future expansions.
All these changes are important milestones for us at Adonis, and we hope the new improved web-site reflects our commitment and focus.
We hope to have a great year ahead.