Message to Stakeholders
My sincere regards to all
I am addressing you at a time when the world is trying to come to terms with a pandemic[COVID 19] which has disrupted our way of life. The leadership at Osia has handled theonset of this pandemic well and shifted to a remote delivery model with minimal loss ofproductivity. In such pandemic situation Osia family has served the society with a greateffort so that citizen's basic necessity can be fulfilled smoothly. Your company'sleadership team achieved a smooth transition last year keeping the core of theorganization intact while maintaining the continuity of the business
Further I am pleased to present the 07th Annual Report of Your Company forFY 2019-20. Since April 2019 Osia Hyper Retail Limited [Formerly known as MappleExim Limited] listed on National Stock Exchange Emerge SME platform by coming up of IPOof Rs. 39.78 Crores. My sincere gratitude for the faith and trust reposed by investors inour Company.
To turn now to the performance in FY20 your company has achieved commendable results;
Our Total revenue for the year is Rs. 343.89 cr. as compared to Rs. 231.70 cr.in the previous year.
Our Profit before tax was Rs. 12.04 Cr. as compared to Rs. 11.84 Cr. in theprevious year.
Our Profit after tax was Rs. 8.46 Cr. as compared to Rs. 8.10 Cr. in theprevious year.
Your Company is in the business of an emerging supermarket chain with a focus on value-retailing. We opened our first store in Ahmedabad Gujarat in 2014 in the name of "OsiaHypermart". Your company stores have over thousands of products under a singleroof that will cater to every need of a family and making Osia Hypermart public's favoriteshopping destination with a modern ambience and with the feel of a large retail mall.
As we continue in our Endeavour to aspire to be a respected and responsible enterprisewe commit to being focused on our core positioning of value-retail and remain accountableto all our stakeholders and society at large. We will constantly pursue to delight andsurprise our customers with good products at great value every single day.
I on behalf of our team assure you of our singular commitment to the growth of Companywith ethics and integrity.
I would express my gratitude to our diverse stakeholders our customers vendorsbankers all the team members and the board of Directors for their continued support inthe growth journey of "Osia Hypermart."
I solicit your continued cooperation in materializing this vision.
Dhirendra Chopra Managing Director.