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5Paisa Capital Ltd.

BSE: 540776 Sector: Financials
NSE: 5PAISA ISIN Code: INE618L01018
BSE 00:00 | 24 Apr 5Paisa Capital Ltd
NSE 05:30 | 01 Jan 5Paisa Capital Ltd
OPEN 147.00
PREVIOUS CLOSE 150.00
VOLUME 667
52-Week high 270.95
52-Week low 93.05
P/E
Mkt Cap.(Rs cr) 370
Buy Price 141.00
Buy Qty 1.00
Sell Price 159.50
Sell Qty 21.00
OPEN 147.00
CLOSE 150.00
VOLUME 667
52-Week high 270.95
52-Week low 93.05
P/E
Mkt Cap.(Rs cr) 370
Buy Price 141.00
Buy Qty 1.00
Sell Price 159.50
Sell Qty 21.00

5Paisa Capital Ltd. (5PAISA) - Chairman Speech


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Company chairman speech

Dear Shareholders

I am delighted to inform you that despite uncertainties across both Indian and globalmarkets the Company continued to make its mark in the fintech landscape. I thank all thestakeholders for their continued support in making our vision a reality. It has sharpenedour strategies and allowed us to embrace opportunities for value creation in thelong-term.

During 2018-19 India continued to be one of the world's fastest growing economiesdespite headwinds. The first half of the year was impressive with steady investments androbust private consumption. Important structural reforms like the Insolvency &Bankruptcy Code (IBC) and Goods & Services Tax (GST) are expected to make a long termpositive impact on the Indian economy. However the growth momentum in India moderated inthe second half of the fiscal owing to global slowdown on the back of the US-China tradewar higher interest rates volatile oil prices Rupee depreciation slowing consumptionpatterns and the liquidity crisis in the financial sector. Nonetheless developments onthe digital front have been impressive. The Government has pushed ahead on the‘Digital India' initiative to transform the country into a digitally empoweredsociety and a knowledge economy. A faster digital reach has increased the number ofinternet users in India to 566 million an increase of 18% over the previous year. Drivenby rapid internet growth in rural areas evolving customer demand and millennialpopulation with rising digital aspirations the number of internet users is estimated toreach 627 million by the end of 2019.

The traditionally cash-driven Indian economy has responded well to the transformationsled by the fintech opportunity primarily triggered by a surge in e-commerce internet andsmartphone penetration. Digital payments have boomed in recent years with the Governmentaiming to reduce paperwork especially in terms of financial transactions. The amountstransacted through the Unified Payment Interface (UPI) platform witnessed a growth of morethan 10 times with the number of transactions increasing eight times in 2018 over theprevious year. Ensuring a secure convenient and affordable e-payment system the ReserveBank of India expects the number of digital transactions to increase more than four timesto _ 8707 crore by December 2021.

Today technology is playing a pivotal role across various spheres of life and thefinance sector is at the forefront of this revolution. The Indian fintech market isforecast to touch US$ 2.4billion by 2020 from a current US$ 1.2 billion as per NASSCOM.The domestic capital market is expected to remain range bound over the near term with aprolonged period of volatility given the weakening of investor sentiment and challengingdomestic and global cues. Discount broking firms are now gaining pace with adoption ofbreakthrough technologies. With the largest millennial population and digital evolutionIndia offers a huge platform for the discount broking industry.

Technology has always been a key enabler for us at 5paisa. We have grown by leveragingour intelligent digital DIY (Do-it-Yourself) trading platform and automated Robo-advisoryservice. Our diversified range of financial products and services fulfil the changingneeds of our retail as well as high volume traders. During the year we actively expandedour product basket by introducing commodity trading direct mutual funds intraday incurrency contracts and personal loans. We collaborated with Smallcase to offer thematicinvestments for our customers. We also added UPI capability to the platform and it hasbeen very well received by customers. Our robust tech-based business model with the lowestcost services led to a growth of 185% in our customer base over the previous year. Withover 3100000 downloads 5paisa mobile app is the most preferred choice for tradingamongst customers.

We have always been unique in combining business with deep industry expertise. Being acustomer-centric Company we believe in educating our customers and enabling them to takean informed investment decision. Through our 5p School we have created online investoreducation series and videos which have helped grow financial literacy among customers.

During the year we also initiated the Company's maiden Rights Issue proposal of_101.91 crore with an eye on future growth. We aim to deploy the capital primarily forbusiness expansion and expect the Issue to provide a strong boost to our growth momentum.

We abide by a robust governance framework with proper internal control and effectiveshareholders engagement. We ensure conducting our business with strict regulationsintegrity and transparency. Going forward we will continue to strengthen our operationsexpand our outreach leverage our existing strengths and focus on providing qualitytech-solutions to our customers. On behalf of the Board and the entire leadership team Ithank all our stakeholders for reposing their trust and confidence in the Company.

Yours sincerely

Dr. Archana Hingorani

Chairman