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IIFL Wealth Management Ltd.

BSE: 542772 Sector: Financials
NSE: IIFLWAM ISIN Code: INE466L01020
BSE 00:00 | 24 Apr IIFL Wealth Management Ltd
NSE 05:30 | 01 Jan IIFL Wealth Management Ltd
OPEN 910.10
PREVIOUS CLOSE 946.65
VOLUME 80
52-Week high 1658.55
52-Week low 710.00
P/E 55.33
Mkt Cap.(Rs cr) 7,791
Buy Price 885.00
Buy Qty 10.00
Sell Price 895.15
Sell Qty 1.00
OPEN 910.10
CLOSE 946.65
VOLUME 80
52-Week high 1658.55
52-Week low 710.00
P/E 55.33
Mkt Cap.(Rs cr) 7,791
Buy Price 885.00
Buy Qty 10.00
Sell Price 895.15
Sell Qty 1.00

IIFL Wealth Management Ltd. (IIFLWAM) - Chairman Speech


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Company chairman speech

Dear Shareholders

It gives me great pleasure to write to you my first letter as the Chairman of yourcompany. From humble beginnings your company has come a long way.

Under leadership of Mr. Karan Bhagat - MD & CEO your Company has been able tocreate an effective framework consisting of regular product innovations continuing clientconfidence investment in people improving processes and a robust organisation structurewhich will continue to hold your company in good stead in the long run.

I believe that the company's focus on products and processes will lead to depth anddepth will lead to excellence in performance.

I remain optimistic on India's outlook and believe that the country remains anattractive destination for the longer-term investor. As India grows we are likely to see acorresponding growth in the size and number of wealthy. With increasing wealth moreglobal exposure and a new generation of wealthy taking over the mantle change in the waywealth is managed and preserved is inevitable. Over the last 10 years the wealthmanagement industry in India has undergone a striking metamorphosis as it shifts to a moreholistic model of financial advisory.

The last decade has been fairly kind to the industry as a confluence of factors thatinclude a changing mind-set a burgeoning set of wealthy and a thriving investmentenvironment have contributed to its growth. More recently the percolation of digitaltechnology and its accompanying benefits is once again changing the shape of the wealthmanagement industry and compelling firms to re-centre their strategy to product innovation& customisation and seamless delivery.

On the Wealth Management front your company is moving towards a steadier and morepredictable revenue model. Your company has partnered with the leading consulting firms todefine a strategic growth path for the next decade. The vision for our AMC business is tobe the premier investment provider for alternates in India

Your company understands the need to constantly evolve in response to the changinglandscape and client expectations. I firmly believe the alignment of interest with ourclients shareholders and employees will help your company stay ahead of the curve as wecontinue to reinvent ourselves.

The Board of Directors of your Company's through board procedures ensure high levels ofcorporate governance.

Finally I would like to thank your Company's employees and all other stakeholders fortheir consistent commitment engagement and encouragement in our journey. I would alsoexpress my gratitude to co-directors of the Board for their deep insight on company'sbusinesses and their contribution towards achieving high standards of governancecontrols accounting and transparency.

NILESH VIKAMSEY

Chairman

IIFL Wealth Management

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