Dear Stakeholders,
It is with immense pleasure that I extend a warm welcome to all members
of the Swastika family. As I present the Annual Report for Swastika Investmart Limited for
the financial year 2024-25,1 am filled with great pride and deep gratitude for the
remarkable achievements we have accomplished this year.
In today's rapidly evolving world, driven by technological
advancements, shifting market dynamics, and changing customer expectations, transformation
is no longer a choice—it's a necessity.
The pace at which industries evolve, and the demands of the market
shift, require us to continuously innovate and adapt. At Swastika, we understand this and
are firmly committed to transformation as a path to sustained growth. We are constantly
investing in tomorrow's opportunities to ensure that we outperform, not just today, but in
the years to come.
As we step into the next phase of our growth journey, our focus remains
squarely on creating lasting value for all stakeholders, including our clients, employees,
partners, and the communities we serve.
Phenomenal Performance in FY 2024-25
In FY 2024-25, we achieved our highest-ever revenue and profit after
tax, marking a consistent upward trajectory over the last five years. Our Consolidated
revenue grew by 23% Y-o-Y, whereas Profit After Tax (PAT) soared by 62% Y-o-Y. Similarly,
our Standalone revenue increased by 22% Y-o-Y, while PAT rose by an impressive 83% Y-o-Y.
These results demonstrate the strength of our business model and our steadfast commitment
to excellence, even amidst evolving market conditions. Our focus on expanding our client
base has delivered strong results, with a 10% Y-o-Y growth in broking clients, reaching a
total of 4.40 Lakhs in FY 2024-25.
The Board of Directors has recommended a 30% dividend, representing the
21sl consecutive year of dividend payouts—highlighting our consistent
growth and ongoing commitment to creating shareholder value.
The past year has been transformative for our Investment Banking
division, with strong growth in revenue, profitability, and deal execution.We achieved our
highest-ever revenue of ?1,610.92 Lakhs, representing an impressive Y-o-Y growth of
288%.ln FY25, we successfully launched SME IPOs for eight companies, all of which were met
with an enthusiastic response from the investor community. Amid a complex and evolving
market landscape, we also closed Eight Private Equity investment banking deals for
prominent companies including Candi Toy Corporate,
Workie, Sagar Asia and Tvasta Manufacturing Services.
Global Scenario
The year 2024-25 saw major global events, including record voter
turnout and intensified conflicts like Russia-Ukraine and Israel-Hamas, contributing to
geopolitical instability and financial market volatility.
Global economic growth has remained moderate, with a 3.3% increase in
2023. The IMF projects 3.2% growth in 2024 and 3.3% in 2025, with an average of 3.2% over
the next five years. In contrast, India's economy remains resilient, with a real GDP
growth of 6.4% in Fy25, expected to range between 6.3% and 6.8% in Fy26.
In 2024-25, global economic factors and geopolitical conditions such as
market volatility, interest rate changes, trade disruptions, and currency fluctuations
also has an impact on our company.
Strategic Framework
We are firmly anchored in our aspiration to be a "Wealth
Management Company" for every Indian which was specially highlighted in the event
"WEALTH KA MAHAKUMBH" held in 2025. Over the past few years, our vision
has expanded to include a wider range of services—trading, investment, mergers and
acquisitions, capital raising, and strategic advisory—guided by market trends and
client needs.
Demonstrating our agility, we adapted our expansion strategy from
opening 15 new branches to establishing effective Syndicate Partnerships in key markets
like Chennai, Chandigarh, and Raipur, thereby extending our ability to serve a wider
client base and foster growth.
CSR Initiative
As an integral part of the society, we recognize our responsibility to
contribute meaningfully beyond business performance. By aligning our values with societal
needs, we aim to create lasting positive impact, empower underprivileged groups, and
foster inclusive growth.
Giving back is not just a duty—it is a core part of who we are and
how we define success.
As part of our CSR initiative, we are deeply committed to support
those affected by Muscular Dystrophy, a genetic disease. From 2025, we have initiated
partnership with NGO's and has taken proactive steps to ensure access to specialized
treatments, therapies, and support systems tailored to the unique needs of the patient.
The "Taare Zameen Par" project,initiated in 2021-22 to
nurture the creativity, artistic expression, and productivity of specially-abled children,
continues to operate seamlessly, by establishing retail outlets to promote and sell
handcrafted items made by these children, offering both visibility and a platform for
their economic empowerment.
Looking Ahead
Our future is dedicated to enhancing your experience as a trusted and
technology-driven wealth management partner. We will achieve this through digital
innovation, seamless platforms, and personalized advisory services. Our unwavering
commitment is to build long-term relationships based on trust, transparency, and the
delivery of real value. By offering tailored portfolios, real-time support, and simplified
access to a comprehensive range of financial products, we are redefining wealth management
to be more accessible, inclusive, and firmly centered around your needs.
Heartfelt appreciation
Swastika's success is rooted in the trust of our stakeholders and the
commitment of our team. I extend my sincere appreciation to our employees, clients,
partners, regulators and other stakeholders for their continued support as we advance
toward sustained growth and long-term value creation.
Thank You!
Sunil Nyati
Chairman and Managing Director Swastika Investmart Limited