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Inditrade Capital Ltd.

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

BSE Live

Jul 28, 09:42
45.95 0.45 (0.99%)
Volume
AVERAGE VOLUME
5-Day
31,176
10-Day
44,650
30-Day
62,968
400
  • Prev. Close

    45.50

  • Open Price

    45.10

  • Bid Price (Qty.)

    45.95 (755)

  • Offer Price (Qty.)

    46.00 (172)

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

Dear Shareholders, The last year has been a landmark year, both in terms of a shift in India''s macro-economic outlook, as well as a speedy, ground-breaking transformation of business models across the globe primarily driven by technology. India''s new political environment has renewed global confidence in her long-term performance. While India''s economic fundamentals remain attractive, global uncertainty around Greece and other similar countries, a slowly recovering US economy and relatively poorly performing emerging economies, including China''s drastic slowdown, has renewed India''s investment appeal. This, coupled with India''s changing internal environment, has strengthened investor confidence in its resilience to global shocks and long-term potential. The new government has raised expectations around reforms, reducing bureaucracy and corruption, fiscal discipline, moving away from price controls to inducing free-market dynamics. Again, the government has introduced technology to achieve all of this, whether through the Aadhar- UID scheme, or digitization of land records, or convergence in mobile and bank accounts, digital benefit transfers, electronic tendering for government projects and other initiatives. This year, across the globe, technology has distorted industry and market structures, industry practices, competitive abilities, and the way business is done. Online social media platforms, the commercialization of 3D printing, driverless cars, data optimization on ''cloud'', and such innovations have left businesses facing new realities. The consumer has more choice and more expectations than ever before. Even within India, internet and broadband penetration, adoption of 3G and smart-phone penetration, a younger demography and high real estate costs have transformed existing business propositions into innovative e-models that offer low transaction costs and significantly more efficient customer value propositions. Businesses that have embraced technology have created high customer loyalty and outperformed the industry; enterprises that have been slow to adopt technology are back to the drawing board re-designing their value propositions. The fragile macro-economic environment of the last few years has been trying for the Indian brokerage industry. The industry, flush with over-supply and limited demand, has seen price wars, low employee morale, client attrition, mounting fixed costs. Early 2014 saw Indian household financial savings at 30-year low, resulting from a complete apathy by the retail investor to the capital markets. While the larger brokerage houses consolidated operations, a large proportion of the mom-and-pop and small retail brokerage houses went under water, unable to generate cash flows to maintain operations. With inflation under control, it appears that incremental household savings will flow towards financial savings and the capital markets, provided India is able to deliver on investor expectations. Over the last few year, your Company endured significant pain in a subdued environment. During these years, I am proud to state that the Company redesigned and re-engineered itself to face the onward wave of retail interest that seems to have finally arrived today. During this challenging journey, Inditrade rebranded itself, redesigned its online trading proposition, adopted best-in-class technology execution platforms for customers by constantly investing and upgrading delivery channels. The Company did not stop at that; it continued to invest in technology for critical support functions as well - from KYC, compliance, management information systems, finance and reporting to branch economics, staff incentives etc. The Company redesigned systems architecture to embrace and empower the customer. These initiatives have helped the Company optimize fixed costs, upgrade human resource skills to provide our customers a professional experience using-cutting edge technology platforms and friendly user-interface. Through the last few years, we lived by our stated goal of empowering the customer and ensuring customer satisfaction with complete integrity, transparency and commitment. In a period when most similar-sized brokerage houses have become defunct, your Company has not only enhanced its franchise and preserved cash, but also generated significant incremental cash flows. Your Company''s performance in the last year was healthy and superior to most in the industry. Your Company and management continue their commitment to steering the Company to robust profitable growth path and maximizing shareholder wealth. I express my gratitude to team Inditrade for its excellent performance, thank every customer and all shareholders for their continued co-operation. Yours truly, P. Viswanathan