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
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
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
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
With best wishes,
J T Poonja Nimish C Shah
Mumbai, May 20, 2010 Executive Chairman Managing Director