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Fortune Financial Services
BSE: 530023|ISIN: INE924D01017|SECTOR: Finance - General
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Mar 09
Chairman's Speech (Fortune Financial Services) Year : Mar '10
Fortune group has once again given encouraging performance across all
 business verticals during the year. The economic outlook, both global
 as well as domestic, has improved despite dramatic changes taking place
 globally. Being a finance service enterprise, we have had to face the
 brunt of recession, which we did with a lot of confidence in our value
 system. Looking back, we can proudly say that we have come out with
 flying colors.
 
 The tremendous support and faith shown by you during the tough times
 enabled us to maintain our progress and we thank you for that.
 
 All businesses face ups and downs and some manage extraordinary
 performances despite downturns. We managed to do the same in the last
 year. We wish to briefly highlight the main reasons for our success and
 also the direction we need to take to ensure that we continue our
 growth in the long term.
 
 At Fortune we had our eyes focused on our enterprising theme to
 INNOVATE & INNITIATE. We devoted a great share of our energies and
 resources to thoroughly revamp every vertical of our business by
 innovating numerous concepts, plans, strategies & tactics and
 simultaneously initiating the same into action. This translated into a
 better future and our businesses grew faster. Fortune has delivered
 superior performance by way of increased revenues, enhanced profits,
 heightened new clients empanelment, spreading geographical presence and
 maturing product range with improvements across all key parameters as
 compared to the last fiscal.
 
 Other major element that led to our success is the dedication of our
 employees. We are happy to say that we have one of the best teams in
 the industry. It is very hard to become a preferred employer, but once
 you do, the best people from the industry want to work with you. We
 feel that as long as people prefer to work with us, we will have a
 definite advantage over the competition.
 
 We have not only managed to change our organization for better, but
 have also increased value addition to customers by broadening the range
 of our products and services. We have built up a high technology
 trading infrastructure and created a stronger brand.  Continuous
 training and development have ensured more responsive and proactive
 employees. All this has led to good performance which we are sure will
 strengthen your belief in our Company.
 
 The path to our goals is not easy but we will work smartly and our
 management will do its best to ensure that the market volatility has no
 impact on our progress. As we move ahead, Fortune will try to attain
 pole positions in all verticals it will be present in and become an
 industry model.
 
 As a step further to achieve our vision, we are entering a period of
 transformational growth with the phased build up of a number of
 tactical business initiatives, from its world class pool of newly
 acquired human resources. However, while pursuing these growth 
 opportunities, we need to simultaneously leverage our expertise and
 strengths in synergistic areas to maximize stakeholders value.
 
 We, on behalf of the Company and the Board of Directors express our
 gratitude to various institutions, banks, government authorities and
 all others for their useful support and co-operation. We also wish to
 acknowledge the patronage of our valued customers who have come to
 respect our brands. We thank them for their affirmation of our actions.
 
 We also take this opportunity to recognize the immense contribution
 made by the employees of our Company through their dedication and
 commitment. We would like to sincerely thank our colleagues on the
 Board for their wise advice and continued guidance.  We are also
 thankful to all of you for the confidence you have maintained in the
 organization.
 
 We look forward to your continued support and encouragement in all the
 future to come.
 
 Just as energy is the basis of life itself & ideas the source of
 innovation, so is innovation the vital spark of all human change,
 improvement & progress
 
                                                 -Theodore Levitt
 
                                                 With best wishes,
 
                                    J T Poonja      Nimish C Shah
 
 Mumbai, May 20, 2010       Executive Chairman  Managing Director
 
 
 
Source : Dion Global Solutions Limited
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