Dear Shareholders,
I am delighted to present the Annual Report for the Financial Year 2023-24, reflecting
on our journey over the past year. Your ongoing support has been instrumental in our
achievements, and I look forward to sharing the highlights and future outlook with you.
This year's financial performance demonstrates our dedication to both steady progress
and robust developments for upcoming years for multifold growth. Your company has achieved
revenue of Rs. 54.18 crores, a growth of 7.58% over the previous year and this year we
have achieved EBITDA of Rs. 7.15 crores, a growth of 19.57%. Net profit increased to Rs.
3.22 crores, a growth of 42.52%.
Our international brand, Callistus, has shown remarkable growth and is becoming a key
driver of our overall performance. We have seen significant traction in new markets,
demonstrating the strong potential and acceptance of our products on a global scale. We
are committed to capitalizing on this momentum with numerous pathways such as robust
project partners network, penetration to high-solution based selling all of which connects
to our visionary goal. The high growth opportunities in the international market present a
promising avenue for expansion, and we are strategically positioning ourselves to seize
these opportunities.
Marvel is known for its Retail Channel Partner base. Last year onwards company has
started focusing on Projects Business. After successful completion of New Parliament
House, the company has been awarded some more prestigious Projects.
Our company remains committed to investing in its talent base. We believe that
attracting top-tier professionals is fundamental to fostering a company culture that
aligns with our values and shared objectives. By continually enhancing our team's
capabilities, we aim to drive innovation, excellence, and sustained growth in alignment
with our strategic goals.
As we move forward, I am confident that our collective efforts will continue to drive
us towards our ambitious goals. We are building new infrastructure and developmental
changes to fasten our journey towards exponential growth and I am sure the year will
conclude with achieving significant growth in all these verticals. We are not just
building a company; we are shaping a future filled with innovation and growth.
| Thank you |
| Warm Regards, |
| Ashok R. Paun |
| Chairman & Managing Director |