MR. ASHOK KUMAR JAIN
(Chairman & Managing Director)
It gives me immense pleasure to congratulate you on the 30th year ofincorporation of Arihant Capital. We welcome this year with humble hearts and open minds.While we congratulate the team on their success in making Arihant a clients'preferred investment partner; we also see that the world is living in turbulent times. Thehuman costs of the Covid-19 pandemic and the Russia-Ukraine war coupled with theramifications on the global economy are immense. We are cognizant of the responsibility onour shoulders to help our clients make better investment decisions during such turbulenttimes to preserve and grow their wealth.
From trading rings and paper-based trading to web-based andmobile-based trading and now the emergence of robo-trading: Arihant Capital has seen itall! In its 30 years' journey Arihant has seen the industry evolve and bring insignificant regulations and controls. These controls have not only made businesschallenging but have also reduced our business risks and increased participation from FPI/FII and retail investors.
The current "Fintech" wave has presented opportunities notjust to offer alternative investment avenues but also to simplify investing experiencewith algo-trading basket investing and the like. The emergence of new-age investmentavenues is buoyed up by the rise of the millennials and Gen-Z investors who ushered in arapid shift in the financial services domain.
All this while team Arihant was busy creating the right product andservices mix to help investors navigate this shift and make better investment decisions.What started off as a boutique investment company in Central India is now poised to be aleader in the financial services industry. Over the course of the last 3 decades we haveprogressively evolved our product offerings and our way of working to keep pace with themarkets. But one thing has always remained the same- our unwavering commitment to helpingyou grow your wealth.
In the past year your company posted strong financials with a robust46% growth. This is sheer testimony that the trust our clients place in us is the truedriver of our growth.
We now have a pan-India presence with our 900+ investment centersproudly serving 2 lakhs + clients 1000+corporate clients and 80+ institutions. During theyear we have relentlessly worked on technological enhancements and have completelyoverhauled our eKYC system. Our research team works tirelessly to identify greatinvestment opportunities and bring surgical precision to our research.
To improve our services to our NRI client base we will soon be openingdoors to our first international office in Dubai. This is an important milestone for usand clear evidence of our commitment to serving every Indian with simpler more humanfinancial services.
Looking forward I see a great opportunity in India's youth. Themillennials and Gen-Z of India are seeking better ways to invest their money and movingaway from traditional ways of investing. This rising awareness in the domestic investorswas a key driver behind the markets remaining stable despite a huge FII selloff in thelast year. We believe in the power of the Indian investors and we are committed tocontinually upgrade our products and technology offerings to attract new clientsespecially millennials and Gen-Z investors.
I am excited to share with you that the all-new Arihant Plus mobiletrading app is coming soon. It is powered with smarter onboarding platforms so that theclients can open their accounts quickly with ease. Our enriched mobile and webapplications will offer the best-in-class user experience and journeys that our clientsdeserve.
We are constantly upgrading our product suites and offering third-partyproducts which we think will help simplify our clients' wealth creation journey. Weare going back to the drawing board to redefine our workflows to make them agile andresponsive while offering more human services. In the coming years your companyendeavours to be a leader using disruptive technology and product offerings while stayingtrue to its commitment of putting the client first.
The pace of development in the financial markets is such thattechnology shifts that used to happen in years now happen within a matter of months. Sowe have built systems in light of that shift and adapt to create innovative solutionswhile foreseeing the trends for the next few years. While this shift offers us immensepotential it also poses a challenge which require us to be nimble and agile to catch upwith the trends and emerge as a leader.
Sustainable investing is the future and we strongly believe increating a sustainable future. We continue to work towards this goal through ourEnvironment Social and Governance (ESG) initiatives. We are working to increase awarenessamong our clients and use sustainability as a key metric for investing guidance. Wecontinue to work on improving our environmental footprint and make sustainability ourpriority while taking major business decisions.
As I present to you all the annual report for 2021-22 I wish to thankour valued clients for their continued trust our channel partners and our employees forbeing phenomenal at what they do. And I would also like to thank the regulatoryauthorities for the continued proactive steps taken to protect the interests of retailinvestors and making Indian equities markets more accessible. I would also like to thankour partner banks for all the support they offer us during the course of the year. I wouldalso like to thank all the Board Members the management team and the larger stakeholderfraternity for their continued guidance support and confidence throughout our growthjourney.
Ashok Kumar Jain
(Chairman and Managing Director)