Dream - We dream of spreading prosperity all around our eco-system. Right from ourcustomers to stake holders to our team.
Believe - We believe in ourselves - our core values morals hard work andperseverance.
Achieve - We achieve what we dream of year after year. With this note with highspirits I am excited to share with you the highlights of our achievements for the yearthat passed.
During the last year your company added more than 13% new clients along with openingof 14 new branches across the country. Thus we have successfully achieved a feat of morethan 70000 satisfied clients with a pan India presence in 69 cities with 87 branches.
The Financial year 2015-16 saw a drop in the market volumes of the Exchanges whencompared to previous year. Our consolidated revenue for the year increased by 6.67% ascompared with Last year. Our total expenses also increased during the year by 26% due toopening of new branches and expansion activities during the year. We believe we will beable to capitalize on these expenses this year as we have very high hopes from ourupcoming new branches and our new business development strategies.
Continuing the trend to felicitate our share holders for their belief in Swastika theBoard has proposed a dividend of Rs. If- per share i.e. 10% of the face value ofthe shares thus marking this year as the 11th continuous year of paying dividends.
Dun & Bradstreet Information Services India Pvt Ltd along with BSE published areport titled 'India's Leading Equity Broking Houses 2015' and your company was ranked 13thin the category - Number of Offices' & ranked 19th in the category -'No. of Terminals'. NSDLalso awarded your company as 'No. 1 Star Performer' inaccount growth rate category.
Talking about the way forward the government has taken several important steps in thedirection of sustainable economic revival and growth inclusive policy initiatives with afocus on improving governance and enhancing the ease of doing business. Passing of GST isanother positive signal for the Indian economy. All these measures demonstrate thegovernment's commitment towards a prosperous and a powerful India. In fact the World Bankpublished in their report in January 2016 their predictions for the Indian economy to growby 7.9% by 2018.1 am sure that high economic growth will translate into vibrant marketsand wider capital market participation.
Internally our strategies of strengthening our franchisee network activation ofinactive accounts along with acquiring fresh clients upgrading our processes and puttinga robust risk management framework in place have all worked well. We are also in theprocess of making some exciting technology based announcements which would propel us togrow really fast.
In the end I would urge all our stake holders to dream of prosperity and growtheverywhere. I hope all our stake holders continue to have their unwavering belief onus so that we strive hard to achieve all our dreams. We are fully geared up for theexciting times ahead.
With best wishes
Swastika Investmart Limited