Dear Stakeholders,

I am pleased to present our Annual Report for FY 2024-25, marking another year of resilience, growth, and purposeful expansion at Purple Finance. In a dynamic and evolving market environment, we navigated with prudence and resolve, delivering strong outcomes while reinforcing our long-term commitment to excellence and impact.

This year has been transformative. We fortified our foundation through strategic investments in both our people and our technology. Much like the submerged portion of an iceberg, many of our advancements remain beneath the surface, quietly compounding. As Ralph Waldo Emerson aptly said, "The creation of a thousand forests is in one acorn." The seeds we've sown are beginning to mature, and in the months ahead, they will shape a future defined by scale, stability, and service.

Our unwavering focus on transparency, innovation, and operational excellence continues to steer us. FY 2025 was a defining year, a period during which we evolved from a promising new entrant into a fast-scaling institution, grounded in accountability to both our customers and our team.

From just 3 branches in October 2022 to 37 branches across 5 states today, our journey has been extraordinary. In the past financial year alone, we added 17 new branches and expanded into 2 additional states. This growth was not only geographical, it was deeply strategic, driven by our mission to bring formal financial services closer to underserved MSMEs and create lasting impact.

We concluded FY 2024-25 with an AUM of Rs.103.56 Crores ? a significant milestone for Purple Finance. With a team of 340 employees, we are scaling with discipline and remain confident that our collective efforts will translate into continued financial strength and sustainable value creation.

Looking ahead, we are targeting an expanded footprint of 50 branches. Our priorities will be deepening portfolio quality, enhancing productivity, and maintaining the highest standards of governance and customer service.

The road ahead is long, but our resolve is strong. Controlled ambition, disciplined execution, and a shared sense of purpose will continue to drive us forward. As Vincent van Gogh once said, "Great things are not done by impulse, but by a series of small things brought together."

At Purple Finance, we view this as an infinite journey, with no finish line, only milestones. On behalf of all Purplites, I extend heartfelt gratitude to our shareholders, employees, investors, bankers, vendors, customers, regulators, and every stakeholder who has placed their trust in us. Trust is the North Star of financial services, and we will never take it for granted.

Together, let us continue to shape a future where MSMEs not only survive, but thrive, grow, and drive the prosperity of our great nation.