Unlocking the
Value of Data
Achieving Manufacturing Excellence Needs a Smart Approach. This can only be achieved through a Well Thought Out Digital Transformation Plan.
Digital Transformation is a Journey and Octopus Digital is a Partner Manufacturers can Rely On. The Journey to the Smart Factory requires leveraging the power of Data and Co-Creation. It is a Collaborative Effort that needs constant monitoring and cooperation. The Promise of the Smart Factory is to Reduce Costs and Improve Efficiencies. Octopus Digital's aim is to leverage the Value of Data to Increase Revenues and give Manufacturers an Undeniable Competitive Edge.
We are looking to Create a Smarter and Safer World through Ethical AI and Single Version Truth for All. Come Be a Part of our Journey.
Welcome to
Octopus Digital's 2021 Annual Report.
Letter from the
Chief Executive Officer
Dear Shareholders & Associates
Today marks the first annual report of Octopus Digital and it gives me distinct pleasure to record my message relating to that. Before
I proceed, let me make one point abundantly clear. At the onset, this message seems to be from the CEO but to be perfectly factual, this is from someone who has been part of many small and big decisions that have shaped what Octopus is today. Let us start with the business idea which is simpler to hear i.e., doing everything we used to do as an automation project is now being done as a subscription service without any coding or programming skills required, digitalizing operations via advanced analytics end-to-end. In essence, it is a transformation journey from a standard plant floor to an intelligent platform that creates value and improves productivity - so pretty much, click and play, a whole automation project.
It was a challenge worth undertaking i.e. from hiring the right skillset to defining the right service levels, from incorporating After-Market Support into Octopus to designing the right amount of IPs around it, from market research, customer interviews, and conceptualization to a finished product. All of this required a monumental team effort, nothing but a whole team effort for which I am grateful to our executive management including Board of Directors, managers, road warriors and most importantly, our Human Resource department.
For Octopus Digital, the kernel of the idea that eventually became a plan officially took physical form on Dec 29, 2017, when it was incorporated as an entity. Thus, began the process of making manufacturing smarter, intuitive, and digital. The first phase of the plan was to introduce the new digital arm to the industrial fraternity in Pakistan.
Octopus Digital was introduced to the Pakistan capital markets in September
2021. The Octopus Digital IPO became the biggest, fastest, and most heavily subscribed in Pakistan Stock Exchange's (PSX) history. Octopus Digital was able to raise 30+ billion PKR against an ask of 1.2 billion PKR in record 24 minutes. The IPO issue was oversubscribed 27+ times which is a feat on its own. On October 07, 2021, Octopus Digital Limited struck the gong at the Pakistan Stock Exchange to mark the symbolic arrival of a company that aims to create a safer and smarter world using ethical AI and a single version of truth for all. The success of the Octopus Digital IPO was the sole achievement of its investors and shareholders who saw value in a passionate team looking to change the industrial landscape in Pakistan and beyond.
Octopus Digital partnered with Microsoft Corporation to create a collaborative and co-development business model to cater industrial sector and beyond. By providing data-driven services, and advanced analytics for collaboration, prediction, exploration, and optimization of manufacturing processes, Octopus and Microsoft deliver digitalization of physical assets through KPI Dashboarding.
Octopus Digital secured several high-value contracts to launch its industrial digitization campaign. A few of these successes include a ten-year contract with one of the largest tea manufacturers, MOU with Hub Power, and a fuel retail automation solution for Gas & Oil in Pakistan Limited.
The year 2022 holds a healthy pipeline for Octopus Digital, with high-value opportunities in diverse markets and segments, that will ensure promised returns for our shareholders and investors.
The future is Digital, and it is here. Standing still isn't an option. The future of automation underpins more and more "collaboration" and "co-development", and companies are creating data-driven business modelsto generate new value for customers and new revenue streams for themselves. We have taken the strengths of system integration and evolved them into a collaborative business model for Octopus Digital that focuses on providing advanced analytics for the prediction, exploration, and optimization of manufacturing processes.
In the end, I would like to reiterate our resolve to make Octopus one of the finest companies globally that we can proudly recommend to our families, friends, and loved ones while creating superior returns for our shareholders and creating jobs for our communities.
Yours truly,
Asmar A. Atif
Chief Executive Officer Octopus Digital Limited
2 Annual Report 2021
Company
Information
Directors
Bakhar Hameed Wain
Director / Chairman
Asmar Ahmed Af
Director / Chief Execuve Officer
Tanveer Karamat
Director
Mohammad Shahid Mir
Director
Junaid Mushtaq Paracha
Director
Adeel Khalid
Director
Saleha Asif
Director
Saeed Ullah Khan Niazi
Chief Financial Officer
Ahsan Khalil (ACA-FPFA)
Company Secretary
Audit Commiee Mohammad Shahid Mir
Chairman
Bakhar Hameed Wain
Member
Tanveer Karamat Member
Junaid Mushtaq Paracha
Member
Human Resource & Renumeraon Commiee Saleha Asif
Chairman
Mohammad Shahid Mir
Member
Bakhar Hameed Wain
Member
Tanveer Karamat Member
Junaid Mushtaq Paracha
Member
Auditors
EY Ford Rhodes
Chartered Accountants
Bankers
Faysal Bank Limited, Pakistan JS Bank Limited,
MCB Islamic Bank Pakistan Dubai Islamic Bank
Share Registrar
FAMCO Associates (Pvt) Ltd.
8-F, Next to Hotel Faran, Nursery, Block-6, P.E.C.H.S, Shahra-e-Faisal, Karachi. Phone: +92 (21) 3438 0101-5 Fax No: +92 (21) 3438 0106www.famco.com.pkRegistered Office The Avanceon Building 19-KM , Main Multan Road, Lahore 54660, Punjab, Pakistan
Phone: +92 (42) 111 940 940 Fax No: +92 (42) 375 151 28 Email:support@octopusdtl.com
Legal Advisor Cheema & Ibrahim
Web Presencewww.octopusdtl.comwww.avanceon.aewww.avanceon.qa Phone: +92 (42) 111 940 940
Fax: +92 (42) 375 151 28 Email:support@octopusdtl.com
Headquarters
Lahore, Punjab, Pakistan The Avanceon Building 19-KM, Main Multan Road, Lahore, 54660 Punjab, Pakistan Phone: +92 (42) 111 940 940 Email:support@Octopusdtl.com
Regional Headquarters Karachi, Sindh, Pakistan
MA Tabba Foundaon Building, First Floor, Gizri Road Block 9,
Cliſton Karachi, Sindh 75600
Phone: +92 (21) 111 940 940 Email:support@Octopusdtl.com
Regional Headquarters
- Middle East
Avanceon FZE - Dubai, UAE
FZS1 BD04 JAFZA P.O. Box 18590 Dubai, United Arab Emirates Phone: +971 4 88 60 277
Abu Dhabi, UAE
In Partnership with Ali & Sons
Ali &Sons Bldg., Zayed 2nd Street P.O. Box 915 Abu Dhabi, U.A.E. Phone: +971 4 88 60 277
Doha, Qatar
Avanceon Automaon Control WLL Office No. 12, M Floor, Al-Jaber Engg. HO Building, P.O. Box 15976, Fox Hills, Lusail, Doha, Qatar. Phone: +974 4040 9835
Avanceon QFZCO LLC PA-WH-04, Unit 16
Ras Bufontas Free Zone Doha Qatar Phone: +974 4040 9835
Email:support@avanceon.qa
Avanceon Saudi Energy Company 3141 Anas Ibn Malik-Al Malqa Dist. Unit no. 718, Riyadh 13521 - 8292 Kingdom of Saudi Arabia
Phone: +966 5674 16724
Email:support.mea@avanceon.ae
Trade Mark
Board of
Directors
Bakhtiar Hameed Wain
Chairman
Bakhtiar brings over 30+ years of exemplary leadership. He played a key role in growing Avanceon to where it is today. He founded Avanceon in 1984 and later Octopus in 2019.
Tanveer Karamat
Asmar Ahmed Atif
Junaid Mushtaq Paracha
Non-Executive Director
Executive Director
Non-Executive DirectorTanveer brings a wealth of international business experience to Octopus. He has 20+ years of international experience in managing & selling automation solutions to a variety of industrial sectors.
Asmar works at the intersection of business, technology & regulation. His career spans over 15 years & 4 continents across the Artificial Intelligence space. He holds an MBA from Imperial College London.
Junaid has 25+ years of experience in Avanceon in various positions such as General Manager Sales, Marketing, Country Manager Sales & currently VP Operations.
Adeel Khalid
Saleha Asif
Mohammad Shahid Mir
Executive Director
Independent Director
Independent DirectorAdeel has 15+ years of experience of managing Middle East and Central Asia AMS business. He has expertise in resource management systems via Digital Technology.
Saleha has experience in serving boards and C-level clients globally for 25+ years. She has worked with McKinsey & Company, PepsiCo, and Bank of America.
Shahid is a senior management professional with 30+ years in Corporate and Commercial Banking, Risk Management, Credit Administration and Trade Finance.
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Octopus Digital Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 05:43:22 UTC.