Past year in my message on the Silver Jubilee of your Company I wrote that Swastikawas "Ready for BIG". This year with excitement in my heart I am proud topresent before you a new image of your Company -"Kashmir se Kanyakumari tak -Swastika".
88 Nationwide branches.
111111 Loyal customers.
666 Team members.
One trustworthy name - Swastika.
For the FY 17-18 I am delighted to report that your Company has recorded a totalrevenue of Rs. 33.10 crores and EBITDA of Rs. 7.33 crores. Although our performance overthe year was solid the external uncertainty & volatility had an impact on ourbusiness and thus the second half of the year was significantly slower than the sameperiod in the previous year. Continuing the track record of the past 13 years I am happyto announce that the Board has proposed a dividend of Re. 1/- per share i.e. 10% of theface value of the shares. This would mark as the 14th continuous year of payingdividends to felicitate our shareholders who have shown their faith in Swastika.
Our Achievements in 2017-18
Last year started with a vision of growth in parallel business verticals such aMerchant Banking and NBFC.
The Merchant Banking vertical has grown with a fast pace. In the FY 2017-18 we havemanaged a whopping 10 SME IPOs through NSE and BSE SME platforms and got an extremelyincredible response from retail investors. We got more than 50 - 100 times subscription insome of our SME- IPOs!
Our business of NBFC through our subsidiary Swastika Fin-mart Pvt. Ltd. has grownsteadily backed up with the technological advancement and rising demands.
The core stock and commodity broking vertical has continued the momentum of the pastyears. Our turnover figures as expected have gone up.
Our advertisement campaign on TV channels was a hit and gave us a nationwiderecognition.
The Road Ahead
Going forward with our vision of Sarve Bhavantu Dhaninah our utmost priority ishappiness of our clients with an amazing Customer Experience.
We are gearing up both our offline and online channels to give our customers a 'rich'experience.
The first step towards this was the launch of our new back office software last year.This year will be the turning point for our technology team as there will be multiplelaunches.
Owing to the efforts of Government bodies you now already know that - "MutualFunds Sahi Hai". This campaign has helped us tremendously and there is now a lot ofawareness about Mutual Funds. Fortunately your Company is well positioned to tap on theopportunity and will launch initiatives to increase the Assets Under Management.
With our values of integrity transparency & honesty in all business transactionswe will always visualize our stakeholders' feelings and keep on improving theirexperience. I would like to thank the complete Swastika family for their unwavering truston us. Together we will continue to fly high. Together we will continue to break newbarriers. Together we will continue to spread prosperity.