MANAGING DIRECTOR
My Dear Shareowners,
I am extremely happy to share with you the highlights of our company's achievements in
the year 2011-12. During the year our company made significant progress in fulfilling its
vision of completing our prestigious project "PARSHWANATH HOMES" providing
latest modern and comfortable homes.
As you are well aware, we, the "PARSHWANATH GROUP", are the pioneers in
Gujarat for providing "GHAR NU GHAR" to a large number of people, including
weaker sections of the society. After diversification of activities from housing finance
into real estate and construction field, the company is rapidly marching towards progress
and prosperity, which is evident from the encouraging financial performance of the
company.
I am glad to inform you that, our company Parshwanath Corporation Ltd., has achieved
record Annual Turnover amounting to Rs.1407.33 Lacs, in the current financial year 2011-12
as against Rs. 187.33 Lacs in 2010-11, which shows tremendous rise of more than 700%.
Consequently the Net Profit in the year 2011-12 has also reached to Rs.385.59 Lacs which
reflects sizeable increase as compared to the profit of Rs. 135.29 lacs during the
previous year 2010-11. The Earning per share (EPS) is Rs. 12.85 as against Rs. 4.51 during
the last year. I am sure that you will be happy with the financial results.
We are proud of being a leading company in Realty Industry, which is one of the biggest
economic factor in Gujarat. We believe in making every effort to ensure that our real
estate projects are based on cutting-edge technologies and are executed at speeds and
costs which are unmatched in the industry. Our history and heritage as a PARSHWANATH
GROUP, in one word, stand for TRUST in us.
On behalf of the Board, I convey my sincere thanks to all of you for your continued
support and faith. Also I heartily express my feelings of gratitude to all our customers,
vendors, bankers, business associates and Government Authorities, for their co-operation
and support, which have played important role in the present development of the company. I
greatly value and appreciate the outstanding commitment and dedicated efforts of our
employees who are very much instrumental in this growth of the company.
I look forward to seek your whole-hearted support and encouragement to shape and vision
our values in future.
Rushabh N. Patel,
Managing Director