True guidance is like a small torch in a dark forest it does not show everything once. But it gives enough light for the next step to be safe. Dear Stakeholders,

It is my privilege to present the 22nd Annual General Meeting of Virtual Global Education Limited. Education plays a significant role in building a nation and creating huge opportunities for the individual. The growth of the Indian economy and rising income levels are factors boosting the investment in education.

It gives me immense pleasure to share with you that, budget this year on education has shown favorable symptoms for education sector. For the year 2015- 2016, the government allotted Rs. 26,855 crore to the department of higher education under the Human Resource Development (HRD) Ministry compared to Rs. 23,700 crore in 2014-2015, registering an increase of 13.31 percent.

Your Board has decided that we will endeavor to train around 100 million youth by 2020 in Health Care, Telecom & Communication Technology, Solar Energy, Retail and Banking & Accounting Sectors by connecting the Gram Panchayat through digital platforms.

Financial year 2014-2015 has been a challenging year for your company as it has to come-up with the right set of sectors to link with the Industry which provide required training to people. We have identified 15 sectors linking with the industry to provide training so that they can get real time experience and practical exposure in industry. Your Company has been successful in applying many skill development projects of Central Government and to start with has opened centers in various districts of Rajasthan. Your company has been empaneled with CBSE as Skill Knowledge Provider in the I.T. Sector to provide training in CBSE affiliated schools in the state of Delhi, Rajasthan and West Bengal.

Internationally, our action agenda focuses on vocational training and education in developing markets, where there is a lack of skilled talent in areas like IT  through policy initiatives, technology platforms and school outreach activities and as a gateway for the same. I am glad to inform you that Virtual University of California is incorporated in San Jose, California, which offers Under Graduate and Post Graduate Programs in management, Information Technology, Economic and Finance. The new Virtual University will also offer diploma certificates as per the applicable rules of USA.

With increased competition for jobs and the trend now being on continuous learning, more and more people are enhancing their educational qualifications online. Currently, industries across verticals are adapting to e-learning in a big way and the market is expected to grow. The advent of satellite technology and internet has changed the way people live. Open education is fast growing to become the dominant form of education, for many reasons such as its efficiency, reach and results compared to traditional methods. Cost of education has been an issue throughout history and a major political issue in most countries today. Open education is generally significantly cheaper than traditional campus based learning and in many cases even free on a case to case basis.

Yours

Sincerely,

Mr. G.N. Gupta