Fidel`s AGM 2024: Focus on AI, Cloud Enterprise Services and LangTech

PUNE, India - Aug. 7, 2024 - PRLog -- Fidel Softech Limited's 19th Annual General Meeting (AGM) was held on August 6, 2024.

The AGM provided a platform for insightful discussions and collective engagement. The meeting began at 10:30 AM with an opening address by Chairman Mr. Sunil Kulkarni, who highlighted the company's achievements, challenges, and future prospects. The Board of Directors, including Managing Director Mrs. Prachi Kulkarni, Company Secretary and Chief Compliance Officer Mrs. Sneha Ratnaparkhi and Independent Directors Mr. Girish Desai, Dr. Apurva Joshi and Mr. Pradeep Dharane, attended the AGM. CFO Mr. Mandar Inamdar, along with the statutory auditor, internal auditor and scrutinizer, also participated in the AGM.

Hyderabad operations were initiated and stabilized last quarter, with the team continuing to grow. An end-to-end turnkey implementation of the Infor Syteline ERP project began and is expected to be completed by September 2024.

CSR Activity
In today's dynamic world, businesses play a key role in economic, social, and environmental progress. This year, Fidel actively engaged in CSR initiatives, including supporting the Ghotkulewadi school in Pune with a Digital Class solution and establishing a library named "Book Mitra."

Business Highlights
Fidel has seen notable AI-related engagements, focusing on multilingual prompt engineering and creating specialized AI wrappers. Investments in demos and proof-of-concepts are expected to generate billable revenues. A cloud migration project started this year will continue next year. Fidel has also increased hiring, building competencies, and expanding sales teams.

Our AGM reviewed financial performance, with detailed reports on revenue, profitability, and key indicators providing insights into the company's financial health. We thank all employees, shareholders, and participants for their contributions. Fidel remains committed to innovation and delivering exceptional value.

About Fidel
Fidel is a leading Cloud Enterprise Services, Language Technology, and Localization provider, and India's first LangTech SME on NSE-Emerge. We help global product companies localize across 200+ languages, offering services in translation, transcription, AI-ML language data, and video localization.

Visit https://www.fidelsoftech.com/ to learn how Fidel can help your business take the next step.