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Paisalo Digital Ltd.

BSE: 532900 Sector: Financials
NSE: PAISALO ISIN Code: INE420C01042
BSE 00:00 | 03 Aug 337.75 7.20
(2.18%)
OPEN

330.00

HIGH

349.95

LOW

320.05

NSE 00:00 | 03 Aug 338.65 5.50
(1.65%)
OPEN

333.00

HIGH

345.00

LOW

316.10

OPEN 330.00
PREVIOUS CLOSE 330.55
VOLUME 494
52-Week high 470.90
52-Week low 144.30
P/E 26.43
Mkt Cap.(Rs cr) 1,428
Buy Price 314.00
Buy Qty 1.00
Sell Price 368.00
Sell Qty 1.00
OPEN 330.00
CLOSE 330.55
VOLUME 494
52-Week high 470.90
52-Week low 144.30
P/E 26.43
Mkt Cap.(Rs cr) 1,428
Buy Price 314.00
Buy Qty 1.00
Sell Price 368.00
Sell Qty 1.00

Paisalo Digital Ltd. (PAISALO) - Chairman Speech

Company chairman speech

Dear Shareholders

It is with great pleasure that I present to you the Company's 27th Annual Report forFY19 against the backdrop of India becoming the world's fastest growing economy. At theonset I would like to thank each shareholder of our Company who has shown utmost trustand confidence on the business model its management and its business strategy. This trusthas led the Company in serving 1000000 borrowers in 10 states all over the country. With62% of Indian population living in the rural areas gives us the opportunity to serve themeven well by enhancing our operations model and leveraging our distributionnetworkproviding tailor-made products for customers and focus of financial inclusion.India is set to have approximately 800 million phone users in India by the end of 2019due to which we feel a growing need of shifting to e-commerce and digitalizing ourbusiness model. As this would not only make it easier for customers but also will make theprocess of sanctioning loan more efficient and transparent. I take great pride inannouncing that our Company is the first Company to sign a Co-origination Loan Agreementwith State Bank of India with a vision of empowering the AGRI MSME segment and smallbusinesses. We have signed our first Co-origination Loan Agreement with State Bank ofIndia.

The goal of this collaboration is to introduce a new platform for the last milecustomer. The loan ticket is designed at Rs 10000 to Rs 2 lakh. The company expects todisburse 200000 loan applications in FY20. This is a great milestone achieved as withcollaboration. we will be able to expand in a much bigger way with a greater force inserving our customers. With the crisis hit non-banking financial sector it isunderstandable to be skeptical about how this will affect the growth of our Company.Firstly the RBI governor has recently come out with draft guidelines for a robustliquidity framework for NBFCs. Which will give a major boost to the sector and will alsohelp in expansion and making sure the non-banking financial sector is an integral part ofthe India's booming economy. Continued implementation of structural and financial sectorreforms with efforts to reduce public debt and have continuous liquidity in the market topromote self employment income generation and business development remain essential tosecure the Indian economy's growth prospects.

The current finance minister Mrs. Nirmala Sitharaman held consultations with financialand capital market stakeholders.

Through this it can be understood that the new government is very optimistic about thesector and wants to play a huge role in opening up the horizons for the sector to reachgreater heights. In the near future we plan to expand and improve our pan India footprintin existing geographies as well as enter new territories that hold new opportunities forthe products we deal in.

These regions shall provide steady business over the next couple of years as weleverage our existing strengths to grow with a more concerted effort. I would like toassure all the stakeholders that we team Pais-alo are working with great dedication andcommitment to increase value for our stakeholders and the community we serve at large. AtPAISALO we are very conscious that accelerated growth in our businesse cannot come at thecost of deteriorating environment social inequality or unfaithful governance. How we doour business is as important as what we do.

We remain deeply committed to reducing our environmental footprint and creatingpositive social impact while upholding the highest standards of governance andstakeholder returns. Demonstrating trust and integrity in everything we undertake is areflection of our broader commitment to governance. Our Corporate Governance practicesensure the best interests of our stakeholders are continuously met and satisfied helpingus deliver what our stakeholders expect of PAISALO – the highest possible standardsof professional ethics. Technology today is an extremely important and unique featureacross businesses.

A strong technological backbone and foundation is now a solvency factor rather than astandout. PAISALO uses technology as the stepping stone to evolve and grow businesseffectively and efficiently. With PAISALO focusing on ease and customer centric growthwith the help of technology and digital becoming the new competitive edge factor ourfocus has been to digitally transform business of PAISALO as well provide a technologicalsolution so simple effective and efficient that it makes the customer experience uniquerobust and trustworthy.

Over the last one year several initiatives have been undertaken to implement robustscalable and trustworthy technological architecture which will become the foundation andstepping stone for automated artificial intelligence and machine learning integratedprocesses that will drive PAISALO efficiency and provide a seamless and easy experience tothe borrower. Lastly we marked the end of another remarkable year and I would like tothank the Management Team for their firm belief and commitment in the expansion of theCompany I would also like to extend my deepest gratitude to the employees for theirinvaluable contributions to the Company.

On behalf of Team Paisalo I would like to give special thanks to our shareholdersfunders bankers and customers for their continued support and loyalty towards ourCompany.

With Best Wishes

Sunil Agarwal

Managing Director