@Ramesh47 , you may also want to have a look at the video linked in this post
3 Big Wins .
Think you did better than most , in treating your room and not ignore it and spend $$$ on electronics. Like others have pointed out , the Source material & Speakers have the hugest impact in terms of SQ and equally important is the Room acoustics.
An example from my recent audition of different speakers.
Same source material, Same speaker(brand/model), different dealer demo rooms. One sounded a lot smoother and the other not so much(ie brigther). The difference was in the room acoustics. Both rooms were treated with acoustic panels,carpets,bass traps etc. The 2nd room had whole bunch of equipment stacked up (AVRs,Amps - all shiny metallic boxes with nice reflections) in the demo room and separated from outside by huge glass windows & acoustic curtains(far from an ideal demo room!) and still sounded brighter, compared to the other room with no such distractions.
Both were driven by decent amps(Marantz,Cambridge audio)...people can falsely attribute the difference to the amp, if you ignored the room!
But on the amp side, its still important to have sufficient clean power o/p(incl headroom for peaks) for your speakers, so as not to induce any distortion or clipping.