Comfort Fincap Ltd

Dear Stakeholders,

* * I am delighted to share with you the 42nd Annual Report of Comfort Fincap Limited ("the Company") for FY 2023-24. This year has been a testament to our strong, all-encompassing performance as we pursued responsible and profitable growth. The Indian economy has shown remarkable resilience, with vigorous economic activity, increased private sector consumption, and a heightened focus on infrastructure development from the government.

Over the past year, Non-Banking Financial Companies (NBFCs) have been at the forefront of the shift from unorganized to organized lending. By harnessing the power of digitalization, NBFCs have enhanced their loan origination and risk management practices. Key factors such as well-maintained balance sheets, improved credit quality, and robust underwriting processes have been essential to this progress. This positive trend is expected to continue, driven by ongoing demand for Loan against securities, Loan against properties, MSME loans and unsecured loans.

I am immensely proud of what our talented team has accomplished this year. Their unwavering dedication and commitment have allowed us to meet our targets. This success highlights our collective expertise and shared responsibility.

Looking ahead, we are excited about several strategic initiatives that will drive our future growth. We are actively exploring opportunities to raise funds to support our expansion plans and enhance our financial flexibility. Additionally, we are investing in technical upgradation to further improve our operational efficiency and customer experience. Our focus on better hiring practices will ensure that we continue to attract top talent to drive our business forward. We are also proud of the growth in our loan books, which underscores our strong market position and the confidence our clients place in us.

We are making notable strides in integrating Environmental, Social, and Governance (ESG) principles throughout our operations, thereby generating value for all our stakeholders. Consistent with our corporate vision, we are dedicated to maintaining high governance standards and continuously enhancing our practices. Our CSR initiatives concentrate on empowering and developing communities, particularly in rural areas, exemplified by our partnership with the Seth Govindram Charitable Trust, which provides essential food and shelter support.

In closing, I would like to extend my heartfelt thanks to all our stakeholders for their steadfast support and confidence in the Company. We are optimistic about reaching even greater milestones in the future and eagerly anticipate a successful path ahead.