"Excellence Empathy Hard Work Prudence Persistence - The pillars on which thefoundations of the Company have been built have made it stand strong & flourish evenin difficult times"

Dear Shareholders

It gives me immense pleasure to present the report for the year 2020-21. The year hasbeen difficult not only for our customers but also for the employees of your company.Nonetheless by dint of persistent hard work we have continued on the path of growth andprogress. More than ever before now the success of our business is deeply intertwinedwith the progress of our customers and our partners our ability to fulfil our commitmentson time and the well-being of the communities where we operate.

At QGO Finance Limited as growth in the financial sector slowed sharply and interestrecovery was a matter of deep concern for the Banks & Financial Institutions at thebeginning of the year the Company continued to focus on catering to the financial needsof the borrowers and driving operational and financial efficiency. I feel extremely happy& proud stating that the company was able to maintain operating margins in FY21 evenin these difficult circumstances.

The Company continues to make substantial progress with a Net Income of Rs/-52126239 a growth of 45% and a Net Profit of Rs. 6419637 /- with a growth of10.22%. "Excellence Empathy Hard Work Prudence Persistence - The pillars onwhich the foundations of the Company have been built have made it stand strong &flourish even in the difficult times"

I am encouraged by the regulators' counter measures implemented to revive growth andacknowledgment of our category's salience in the revenue generation capability of thecountry as also our contribution to the economy. The RBI implemented measures tostrengthen governance & risk oversight of NBFCs and has opened up new avenues for theCompanies to raise funds and ensure their financial viability.

Looking at the future India's financial market growth drivers remain intact. I amconfident of QGO Finance Limited. With an excellent management team your Company isestablishing itself as one of the most efficient and go-to non-banking financialcompanies. It has best-in-class people running great businesses; it has excellent systemsand processes; it has developed outstanding risk metrics and it has shown nimbleness inadapting to changed circumstances and these make for QGO Finance Limited to be a greatinstitution.

It would have been impossible to achieve what we have without the support of ouremployees the guidance of our Board and the confidence of our stakeholders. I express mysincerest gratitude to you all. And I hope you will continue to be our pillars of strengthin this exciting journey to grow bigger & better.

With my best wishes. Stay safe. Stay well. Thank You!

Rear Admiral Vineet Bakhshi VSM

(Retd) Non-Executive Chairman

Qgo Finance Limited