I am writing to you amidst uncertain times with the spread of global pandemic arisingdue to global spread of COVID-19. I sincerely hope that you your families and loved onesare safe and healthy and taking due care. The COVID-19 Pandemic and Lockdown We are amidstunprecedented times. The COVID-19 pandemic has spread across the world.
In India too which implemented a lockdown since 25 March 2020 the pandemic hascreated shocks ripping through society and the world of business. The picture of millionsof unemployed daily wage workers and their families trying to trudge back to theirvillages hundreds of kilometres away; shut factories and stores; empty construction sites;and a nation being deprived of its natural economic vigour are vignettes of this scourge.After a nationwide lockdown involving 1.35 billion people over a long continuous periodthe economy is gradually opening without seriously risking a major spike in infections.After initial lockdown the government has done the unlocking in a phased manner andthings are gradually coming back to normal.
Despite all these challenges I am pleased to share that in the previous year wedelivered a strong performance in terms of sales clocking a robust. AdvikCapital Limited is a truly great company that produces outstanding results year after yearand provides the kind of value that shareholders dream of. Over the years thanks tosuperb Management top class employee commitment and outstanding leadership of itsmanagement team your Company has come to be known as one of the growing diversifiednon-banking financial companies of India.
Any company is as good as its human resource and it is no different at Advik Capital.The Company has been served by one of the most dedicated and competent core team alongwith a strong resource personnel responsible to propel the Company towards its missionand vision each day. Learning and unlearning on a daily basis remains the main plank ofthe human resource development.
This enthusiasm to take every challenge as an opportunity has played a vital role inlaying the foundation of this Company.
I would like to thank and congratulate all my colleagues and Board of Directors fortheir dedication innovation and hard work. By creating new benchmarks in the businesseswe operate in our team is delivering on our mission to generate sustainable value for ourstakeholders and India. These efforts also help us to deliver inclusive growth and makelife better for everyone.
I would like to place on record my sincere appreciation to the Board of Directors fortheir guidance. I would like to express my gratitude to all our stakeholders for theircontinuing faith in Advik Capital Limited.
Virender Kumar Agarwal Chairman/Managing Director