Dear Shareholders,
I hope this note reaches you in a state of excellent health and great morale. As we
navigate the ever-changing environment of the financial services sector, I am delighted to
provide you with an update on MSCL, your reliable partner in auto nance, and its progress
and potential.
After a temporary slowdown in FY2021-22, your Company has regained momentum and posted
commendable results. MCSL has proven to be robust and exible in the face of the
unprecedented global circumstances of recent years. Our dedication to prudent financial
stewardship and customer-centric strategies has allowed us not only to overcome the
challenges but also to attain considerable success.
I am pleased to inform you that our financial performance this quarter has been better
than anticipated. Our revenue stands at .......... INR Crores and our profit margins are
......... INR Crores. This encouraging result is mainly due to the hard work of our team,
the implementation of effective risk management methods, and your con dence in us, as
shareholders.
The automotive nance sector holds tremendous potential. Growing demand for cars and
advances in mobility solutions position us strategically to take advantage of these
trends. Our well-considered lending methods and cutting-edge products help us furnish
tailored services that answer the ever-changing desires of our customers while keeping our
financial position healthy.
MCSL is dedicated to delivering an outstanding experience. We leverage technology and
invest in digital platforms to streamline processes, expand accessibility, and offer
tailored services. Our efforts have not only stepped up operational effectiveness but also
strengthened our relationships with customers and dealers.
We recognise our responsibility to contribute positively to society and the
environment, demonstrating our commitment to sustainability through various initiatives.
These range from reducing our environmental footprint, promoting financial literacy, and
supporting community development; aligning with our values, and positioning us as a
socially responsible financial institution.
As we press ahead, our commitment to the fundamental principles that steer our company
remains steadfast. We endeavour to discover new opportunities for expansion, leverage
technological developments, and adapt to the evolving environment in order to bring value
to all those involved with MCSL.
We extend our sincerest gratitude for your unwavering support and faith. It is your
trust that bolsters us and motivates us to continually strive for excellence. You are an
essential part of the MCSL narrative, and we look forward with hope as we continue on this
venture together.
| Thanking you, |
| Sincerely |
| Thomas George Muthoot |
| Managing Director |