Geojit Financial Services Ltd

Today, we leverage our advanced trading and investment platforms to provide comprehensive financial services, simplifying the investment journey for our customers.

Dear Shareholders,

I am delighted to present to you the FY2024 Annual Report of your Company.

We are proud to reaffirm that since

1987, Geojit F inancial Services has steadfastly upheld its mission of enabling wealth creation for our c ustomers. T his y ear, unwavering c ustomer loyalty and strategic growth initiatives have significantly contributed to our success, even in an increasingly competitive market.

Since inception, we have grown to become a leading full-service broker and a highly preferred investment services c ompany in India. With assets under custody and management totalling 93,091 crore, we support over 13.89 lakh customers through a robust multi- channel client support system that includes a wide network of 503 offices, online services, customer care, and WhatsApp channels.

Today, we leverage our advanced trading and investment platforms to provide comprehensive financial services, simplifying the investment journey for our c ustomers. Our extensive knowledge base and in- depth research c apabilities allow us to effectively c hannel household savings into the capital markets, helping clients build long- our term wealth. As a tech-driven retail financial services player, we have c onsistently pioneered innovations to enhance the trading experience, ensuring that we guide our customers through every step of their investment journey with expertise and personalised support.

Roundup of FY2024

During the last financial year, we saw steady global growth due to increased government s pending, robust household c onsumption, and expanded labour force participation. However, challenges such as high borrowing c osts, fiscal support withdrawal, and geopolitical tensions, including conflicts between R ussia and

Ukraine, and Israel and Gaza, impacted trade. At the same time, China's economic slowdown added uncertainty to international growth.

Notwithstanding these global challenges, India achieved significant milestones in FY2024 and maintained its position as the world's fifth-largest economy, with a growth rate of 8.2%. We saw strong domestic consumption and increased government capital investment. At the same time, the robust financial sector facilitated this growth and the fintech ecosystem expanded rapidly.

Over the years, another significant contributor to the progress of the financial sector has been its regulator the Securities and Exchange Board of India (SEBI), who has been ensuring that financial markets operate fairly and transparently. By enforcing robust regulations and maintaining a vigilant oversight, SEBI has been safeguarding the interests of all stakeholders, fostering trust and stability in the financial system.

The stock exchanges the veritable pulse of economic potential also posted impressive numbers. T he National Stock Exchange (NSE) witnessed a 98% increase in the average daily turnover in the equity cash segment, and the Nifty rose by

29% during the fiscal.

Financial Inclusion in India

India's financial sector is undergoing a significant transformation as Tier 2 and 3 cities emerge as vibrant hubs of financial activity. For decades, major metropolitan areas, or Tier

1 cities, dominated the financial landscape. However, the narrative is s hifting dramatically due to several k ey factors, particularly the explosive growth of digital penetration.

In 2023, it was reported that Tier 2 and 3 cities are now home to a staggering 139 million consumers aged between 15 and 55, nearly matching the population of Tier 1 cities. T his demographic powerhouse, characterised by rising incomes and an increasing number of graduates and postgraduates, is driving unprecedented demand for financial services in these regions.

The aspirations of a y oung and upwardly mobile population in Tier

2 and 3 cities are reshaping financial inclusion. The growing participation of investors from these areas in the stock market and mutual funds is a testament to this shift. Enhanced digital access and financial literacy programmes are empowering these new investors, providing them with opportunities previously concentrated in larger cities.

This trend not only underscores the broadening base of financial inclusion but also highlights the potential for economic growth and development driven by a more inclusive financial ecosystem. As

Tier 2 and 3 cities continue to grow in prominence, they are set to play a crucial role in the future of India's financial sector.

Role of Technology in Broking

Advancements in digital technology are revolutionising the broking and investment sector. Today, stockbrokers are leveraging developments in data analysis, decision-making and risk management to enhance efficiency and provide a more customised user experience.

By analysing users' behaviour and usage patterns, AI algorithms offer tailored recommendations for news, research reports, and investment products. This personalised approach helps investors make informed decisions aligned with their interests and goals. Investment apps can also use AI to evaluate a user's portfolio and risk profile, suggesting investment strategies that suit their individual needs. Leveraging such technology enables us to enhance our clients' experience by providing intuitive, responsive, and highly personalised services that cater to their unique financial objectives.

These technological advancements enable brokers to make more informed decisions, execute trades more efficiently, and manage risks more effectively. By embracing technology, the broking industry is poised to deliver enhanced services, driving greater financial inclusion and improving overall market efficiency.

Future Outlook

As we look to the future, we see exciting times ahead for the investment s ector. The dynamic synergy of technology and greater financial inclusion in

India will continue to reshape the investment landscape, providing unprecedented opportunities for growth. Geojit F inancial Services is well poised to leverage these advancements to further enhance its offerings and deliver superior value to customers.