ASA BHANU TECHNICAL SERVICES LTD
8-3-833/144, MCH No : 486
Phase III, Kamalapuri Colony
Hyderabad - 500 073.
E-Mail : asabhanu@asabhanu.com

Dear Esteemed Visitor,

At the beginning of this financial year, Asa Bhanu employees and management committedthemselves to be more customer focused, to make quality a way of life at Asa Bhanu and to deliver every project on-time. I am happy that we are progressing steadily towards our goals. I am pleased to inform you that our ISO 9001-2000 certificate was renewed for the next 3 years with the addition of Design processes.

Our business is growing and diversifying into potential new areas. India is strengthening its infrastructure at a rapid pace.

Airports play a key role in moving people & materials for fast economic growth. Public and Private sector enterprises are heavily investing in modernizing existing airports and building new green filed airports. We are actively participating in this growing sector by offering Flight information Display systems, Elevators & Escalators etc. We are building partnerships where ever necessary with equipment manufacturers and Systems/software developers to address these opportunities.

India is planning to add approximately another 100,000 MW of Power generating capacity during 2007-2012 period and is planning to introduce Metro trains in Hyderabad, Bangalore, Ahmedabad, Mumbai, Lucknow, Thiruvanantapuram and Kochi. Japanese Manufacturers should take advantage of the current favorable political and economic scenario and aggressively enter the Indian Market. Asa Bhanu is uniquely positioned to assist Japanese Enterprises to go to Indian market very quickly.

Regarding the on-going business segments, I am pleased to report to you that on behalf of Mitsubishi and Rotem, we have delivered the 62nd Metro train to Delhi Metro Corporation, New Delhi in April, 2007. We have fine tuned our procurement operations and as a result we started delivering products ahead of schedule to our Japanese Customers. I strongly congratulate our Croydon team for successfully completing one year of Off-shore design support to Mitsubishi Electric Europe.

As we at Asa Bhanu believe that Motivated and committed employees are central to the success of any organization, we are continuously attempting to make working at Asa Bhanu a pleasure. We have started campus recruitments to induct young engineers into the organization and planning to mould them in our corporate culture.

I am signing off with a promise to come back with more good news next time.

- B Rama Bhadra