This was a year of accelerating momentum for our company one in which we saw continuedgrowth in revenue profit and customer numbers and demonstrated the value being createdby our focus on improving customer advocacy while investing in our core and growthbusinesses.
FY 2016 in Perspective Amidst a very difficult economic environment your Companydemonstrated a stable performance. The Top Management of your Company has outlined threefilters as the strategy for future growth:
i. Potential to scale up the business
ii. Competitive advantage or strengths.
iii. Possibility of sustained and profitable growth
Consolidating and strengthening your Company's presence.
We inherit much more than our name. We derive strength synergies and mostimportantly the priceless asset of trust. Our canvas has expanded as we ventured intonew fields while simultaneously widening the portfolio of existing businesses.
Our customers remain our highest priority. Throughout the year and right across thecompany we worked to find ways to build advocacy by improving how we interact with ourcustomers every day and to have a positive impact on their lives with our services.
PHL operates in a dynamic and competitive environment. Competing in this environmentrequires a commitment to customer service excellence and innovation areas where wecontinuously strive to improve.
While this is our third Annual Report since BSE listing our shares are regularlytraded on exchange.
EXPERIENCE MANAGEMENT PERSONNEL
Our core area is in Finance Leasing Hire Purchase and investments. We are doing thisby improving our internal processes strengthening our techniques and investingsignificantly in terms of training our people. We do ``believe that the process ofstrengthening our core area will continue well into the next financial area and perhapsthe year after as well.
We are confident our medium and long-term prospects remain positive based on ourcompetitive position our diversified operations and strong financial capacity. Further asdiscussed last year the Company for adding lasting value to your stake has in futureplanning to get its shares listed on National Stock Exchange.
PERFORMANCE OF COMPANY
Your company earned a Revenue of Rs. 17515184 during 2015-16 as compared to Rs.16961049 over previous year. The Company has posted a record profit after tax of Rs.90179/- as against Rs. 479408/- over the previous year.
Several pillars have been erected in terms of systems processes risk controls peopleand technology. Many more steps will be taken to reach our long-term goal. Your Company'sManagement and the entire Executive Team Pawansut Holdings Limited (PHL) are committed tobuilding a respectable and lasting entity. I take this opportunity to thank my colleagueson the Board for their valuable contribution. I thank all our employees for nurturing thevalues we espouse and for their unfettered efforts in the building of this institution.Always remember that each employee each person involved in this company in any small orlarge measure has an ownership over this company. We are what we are because we standtogether as a family. This would not have been possible without your support. On behalf ofthe Board I present my sincere appreciation and gratitude to our customers shareholdersbankers and others for their continuous support confidence and faith they have reposed inthe Company.
I thank you for your attention.
(Laxman Singh Satyapal)
Chairman & Managing Director