It is privilege for me to welcome you on the 8th Annual General Meeting of UNIVASTUINDIA LTD. At the time of writing this message I am glad to inform you all that now UNIVASTUis listed entity. During the month of July 2017 we have launched our IPO inNSE-Emerge platform and UNIVASTU has got listed on NSE-Emerge on 25thJuly 2017. Getting listed shall give us major three benefits. Vizbranding of thecompany wealth creation for our stakeholders and to have enough working capital for ourfurther expansion.
The foundation of our organization was built-up through hard work and trustworthinesswhich has resulted in outstanding achievements in 8 years of relentless journey. In thisjourney our management has framed many strong policies and procedures to meet theregulatory guidelines at all the times. The growth story of our organization started with1 Lakh paid-up capital having basic need of infrastructure and work-force to providecontracting and infrastructure services. Keeping continuous upward tempo in our businessexpansion.
During the year Revenue of the company increased by 80.17% i.e. from Rs. 2319.08 Lakhsto Rs. 4178.35 Lakhs Profit before tax increase 89.38% i.e. from Rs. 100.54 lakhs to Rs.190.40 lakhs Profit after tax increased by 124.33% i.e. from Rs. 60.84 lakhs to Rs. 136.48lakhs.
I extend my sincere appreciation to my colleagues on the Board for their wise andmatured counsel for the smooth functioning of the Company. I would like to express myprofound gratitude to all the Stakeholders includes our shareholders our clientsbusiness associates employees bankers and vendors who have reposed their trust in us andgiven us constant support.
|Pradeep Kisan Khandagale |
|Managing Director |