Dear Shareholders,
It gives me immense pleasure to present the Annual Report for the financial year ending
31st March, 2020 along with the Board's Report, Audited Annual Accounts and the
Auditor's Report of your Company.
Financial Year 2020 presented its own set of challenges as the sector continued to face
the ongoing liquidity crisis. Even as the economy already faced pressures due to the
financial sector weakness, the fag-end of the financial year under review brought more
turbulence. The world faced the novel Coronavirus pandemic, which has impacted almost
every aspect of human life. We extend our sincere gratitude to the medical personnel,
health officials, government leaders and volunteers around the world who have been working
tirelessly to contain the COVID-19 pandemic.
We are making our efforts to meet the financing needs of the under-served segments of
society such as small enterprises. We are also leading in providing small ticket personal
loans, financing for working capital requirements along with Business Loans- Micro Finance
and Enterprise Loans etc. Our believe in living by strong values, fair practices and
processes helped us to reach out to various sections of society and to becoming a helping
hand in their progress.
I am warmly thankful to our shareholders, all employees, bankers, regulatory bodies,
governmental administration, business associates, customers and all other stakeholders for
being firm partners in the Company's support. I am convinced that with your continued
support.
Yours sincerely,
Vinod K. Jain
Managing Director
DIN:00248843.