Dear Shareholders,
I hope this message finds you and your loved ones well.
This year we move forward with the support of memories of our Director Mr. Manohar
Jagumal Karda. the tribute always reminds us of him.
Your company has during the FY 2023-2024 completed the construction work of 108344 sq
ft from its ongoing residential and commercial projects. With continual efforts your
company has handed over possession of more than 100 units during the year with approximate
value of Rs. 31.08 Cr.
The Indian residential market has been on a steep recovery path since the pandemic,
with positive homebuyer sentiments and a supportive economic environment driving market
demand to successive highs in subsequent years.
We concluded the year with sales bookings of Rs. 11.50 Cr. Your company has received
good strong customer support during the year. We strive to deliver quality across all our
projects. Company has sixteen projects spread over Nashik city.
Further, company has completed the full construction work of company's project as
Company has generated highest revenue of Rs. 1.258.49 Lakhs in third quarter. Company has
incorporated Wholly owned subsidiary named KBC Infrastructure Limited in Unted Kingdom and
has taken over the business of existing subsidiary ie KBC Global FZCO along with the step
down subsidiary KBC International Limited.
We have a strong launch pipeline for expanding domestic and international business that
will help us build upon the growth. We believe that the residential real estate sector in
India will continue to grow rapidly in the coming years, providing opportunities for
developers to participate in sectoral growth while also gaining market share. We believe
our projects will play a crucial role in ensuring that we meet our goal of growing our
sales and providing us with the opportunity to expand our business.
I am grateful to the team for their exceptional resilience, commitment, and ambition.
We would like to express our gratitude to our customers, joint venture partners, and
business associates for their continued support. Finally, we extend our thanks to our
shareholders for their continued confidence in company.
Best wishes,
Naresh Karda.
Chairman & Managing Director,
KBC Global Limited.