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Inditrade Capital Ltd.

BSE: 532745 | NSE: | Series: NA | ISIN: INE347H01012 | SECTOR: Finance - General

BSE Live

Aug 02, 16:00
47.25 3.05 (6.90%)
Volume
AVERAGE VOLUME
5-Day
17,335
10-Day
26,227
30-Day
62,712
53,298
  • Prev. Close

    44.20

  • Open Price

    44.90

  • Bid Price (Qty.)

    47.10 (56)

  • Offer Price (Qty.)

    47.25 (166)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Inditrade Capital is not listed on NSE

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Chairman's Speech

This last year has been tumultuous and an economic roller coaster for all sectors. For the financial sector the volatility and business implications were higher. The aspirational strategic map that I drew out for you in my note last year is still as valid as ever. The last year has been one of putting some of the execution pieces in place. The first and most important has been the addition of talent. The management team, under the able leadership of Munish Dayal, Chairman of the Management Committee, was further strengthened with the addition of Sanjeev Kumar G (ex Bajaj Capital) as Operations and Technology Head and Ranjith Kumar (ex ICICI Prudential) as Insurance Sales Head. Your Company made a debut at hiring from premier management institutes this year, adding eight bright MBAs from the Indian Institute of Management (IIM) and Faculty of Management Studies (FMS, Delhi). They will help implement key strategic initiatives in the Company - Ankita Joshi to further build the insurance business, Bitihotra to introduce new products in equities, Gaurav Mahajan to grow commodities trading, Prini Prem to build gold loans, Vivek Verma to scale the internet business, Zuhaib Khan in retail loans, Sudheer Reddy in customer service and data analytics and Ajay Banwari to transform Operations and Technology. The original promoters and significant shareholders have evolved into guiding the organisation via the board. The focus of the management committee has been and continues to be to acquire key talent, direct it against opportunity, incentivise it, empower it and manage risk. Managing risk in an environment where the equity markets dropped two-thirds of its value was essential. Your team focused on implementing systems to do this and sharply controlled and tightened exposures in every way possible. I am glad to share that we now have risk management systems in the Company, which would compare with best-in-class. Sriram and our risk team have to be complimented on our virtually zero bad debts generated in the year. We have made substantial progress on our accounts and financial controls and now feel comfortable that our existing systems are adequate to ensure accurate representation to all of you on the state of affairs in the Company. Although we expect the operating environment to remain volatile our country will march on in real terms, faster than most parts of the world. We plan to continue building our business, keeping a relentless focus on cost leadership and building customer franchises. Last year, the management had to relentlessly focus on costs, portfolio rationalisation while trying to build targeted segments. Our focus on creating the suite of products to cater to the needs of the regular investor and saver are progressing, as is our strategy of delivering service on the internet. We will stick to the philosophy of investing for the long term at the cost of short term philosophy. Despite continued efforts, the Company could not make any progress in developing the cross border opportunity in the gulf and there is nothing concrete on the anvil. We did explore several inorganic opportunities during the year but did not get encouraged by the huge baggage of bad debts and/or branch cost structures. My comments on the futility of impeding the efficiency of market clearing by banning futures articulated last year hold true even now. Markets go up and down because of changes in anticipated demand and supply and only efficient transparent futures markets will encourage efficient supply responses and reduce long term market imbalances. I do urge our leaders to kindly review their thinking on this subject. The prospects of a stable government committed to reform encourage me to look at the future with a conscious sense of optimism. A big thank you is due to the tireless efforts of the entire team and to the loyalty of the customers we serve. Yours sincerely Rahul Bhasin Chairman