You are here » Home » Companies » Company Overview » Suratwwala Business Group Ltd

Suratwwala Business Group Ltd.

BSE: 543218 Sector: Infrastructure
NSE: N.A. ISIN Code: INE05ST01010
BSE 00:00 | 05 Aug 210.00 0
(0.00%)
OPEN

210.00

HIGH

210.00

LOW

210.00

NSE 05:30 | 01 Jan Suratwwala Business Group Ltd
OPEN 210.00
PREVIOUS CLOSE 210.00
VOLUME 1000
52-Week high 247.00
52-Week low 68.00
P/E 27.27
Mkt Cap.(Rs cr) 364
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 210.00
CLOSE 210.00
VOLUME 1000
52-Week high 247.00
52-Week low 68.00
P/E 27.27
Mkt Cap.(Rs cr) 364
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Suratwwala Business Group Ltd. (SURATWWALABUSI) - Chairman Speech

Company chairman speech

Dear Shareholders

Firstly I would like to welcome all of you in Suratwwala BusinessGroup Family.

Suratwwala Business Group is the first Real Estate company of Pune listed on BSESME platform.

This is 15th AGM of your company and 2nd after listing company on BSE SME.

Hope that you your family and your loved ones are safe and doing well.

Past 2 years were challenging for all

business. Outbreak of 1st wave and 2nd wave of Covid 19 globally affected economicsvery badly. Unlike other business Covid 19 had greatly affected the real estate businessin unimaginableway. During the lockdown work on the construction sites was completelybrought to a standstill and by the time lockdown was lifted most of the labourers hadreturned to their native places.

FY22 started in a rathergloomy environment with the onset of the second wave of COVID-19. I am glad that the immense collective efforts put in by the Government corporates andfellow citizens have borne fruit and we were able to surpass the tough times in a veryshort period.

On the other hand the coordinated effort from the Indian Government and the CentralBank has brought the economy swiftly on the growth path.

Pandemic or slowdowns did not affect markets like India beyond a certain point. With anincrease in disposable income because of good growth in GDP this year (RBI says it will beclose to 10%). All these points are contributing towards recovery of oureconomy.

There are a few things that are forming a trend as far as realty in India is concerned.

In the commercial sector the most trending event is the start-up culture. Everyonecoming out of college does not want to do a job anymore. They want to start their ownstartup with their own offices. If they have the money they buy commercial spacesoutright. If they cannot afford CAPEX they go for OPEX in the form of rentals. In thisspace also the biggest increase has been in the shared spaces which give a variety ofoptions for start-ups from table space to entire office set-up at com petitive prices.

As far as trends go a recent report from very established sources mentions that justthe start-ups will be buying about 10% of new office space that comes into the market! At10% it would mean office space of 30 million sq ft- a clear increase of 1.5 million sq ftover the 2019-2021 period.

Be it a Byju or Zomato which are established names or other not-so-established namesare start-ups trending towards OPEX where the market is indicating. In Pune places likeHinjewadi Aundh Baner Sus Road Manjri Nagarroad and surrounding areas are sighted asustained growth in realty in the commercial space with large office spaces coming up atprominent locations. The difference today is that office space is no more a cluster ofrooms with common facilities like pantries and toilets. Today every start-up space has tolook like an office in Singapore orthe USA.

Sustained interest rates on property loans! When a lot is happening in this spacethankfully the RBI and the government have held fast with home loan interest rates. Andwill stay nearby for some time as given that things likea general election is notfaraway. Besides the economy which gets affected every time and home-loan interest ratesgo up people's sentiments also take a hit. Considering both these factors the governmenthas held interest rates stable which is a good thing for the industry overall as it makespeople come out to buy realty. In a few years this development is likely to bring aboutgood value appreciation and ROI- approx. 12-14% in residential and about 18-20% in thecommercial space. Now is the right time to take advantage of loans to make it killing.

People looking for bigger spaces! If realty advertisements are to be believed thesentiments are towards bigger home spaces including villas duplex etc. The other trend isthat reconstructions are looking up. When city centers are full the only space availableare old homes that need to be demolished and built all over again. And in cities likePune it is seeing a revival after the pandemic as people want to stay close to theirearliest memories and not move to urban centers. Good times are here! As per reports fromNiti Aayog Indian realty shall be worth approx. USD 1 trillion (Approx. INR 76 trillionor76000 Cr.) by 2030. In a few years' time realty in India would contribute to about 13%of our GDP which means it should be close to the iron and steel and just as important.Overall the trend means that realty is on the upward movement! Expect good times!

Heavy investment in infrastructure to continue! India shall be the 3rd largestconstruction market in 2022 which may see an investment of USD 750 billion plus ininfrastructure to sustain our long- term development. With a CAGR of approximately 7% andprojects like Housing for all' and 'Smart Cities Mission' it can be expected thatindustry continue to grow From the above it is clear that "acche din" is notsimply a slogan. It has meaning to it and if it turns real will make all Indians veryhappy.

Your company is developing a Biggest commercial hub called the 'Suratwala Mark Plazo'in multiple phasesat Hinjewadi. Hinjewadi is known as the siliconvalley of Maharashtra andis one of the fastest developingareasinthePune region.

Your company has successfully completed and handover the Phase-1 of the projectcomprising 95 offices 5 Showrooms and 1 rooftop restaurant.

We are handing over possession of Phase II of t h e p roject co m p risi n g 144 of fices 15 showrooms 13 shops and 1 roof top restaurant in this financial year.

We have already commenced construction workfor Phase - III of the project.Notwithstanding the hardships faced due to outbreak of Covid 19 your Company reported itsbest-ever performance registering substantial growth across both operating and financialmetrics. Due to our strategic planning strong cash flow management and customer centricapproach Suratwwala business group not only survive in this challenging period but alsomanage to reach their turnover to Rs. 36.18 croresfrom Rs. 12.75crores i.e. almost3 timesgrowth in turnover and accordingly almost 3 times growth in its net profits even thoughall odds. Your Company EPS has reached to Rs. 8.17 from Rs. 4.02 in the currentfinancialyear.

After the breath-takingachievementsyour company is all set to start new voyage ofexpansion in other domains. Your company has entered into the Solar Business byincorporating a new limited liability partnership firm named as Suratwwala NaturalEnergy Resource LLP and the company has made the capital contribution in the LLP. TheLLP will add the value creation to the group.

Your company also undertook the acquisition of Royale Hill Properties LLP. whichis an active in the field of real estate and having 17 acers land at upcoming location ofPune. Your company is in the planning stage of designing of gated community project whichis approx. 250+villas and row houses on this land.

The company is going towards achieving a goal of making Suratwwala Business Group Ltd arenowned name in Real Estate Development of the country. Our sheer commitment transparentdealing and valuing customer makes us trustworthy brand in the industry.

Your company believe in binding customers with values and give them what they want in

return; something exceptional.

What makes Suratwwala Group different from others is our customer centric approach anddoing things differently than the rest of the crowd which bloomed more during the times ofpandemic as your company launched schemes benefiting the customers. Customer satisfactionand happiness inspire your company to jump a little higher and think a little louder everyday.

I feel proud to share your company is recognized as a Top Performer in terms ofReturns to Investor for year 2020-21 on the BSESME platform in November2021.

As on 13th August 2022 the Company will complete two years of listing on BSE SMEPlatform we wish to inform you that the Company has initiated the internal framework andintend to migrate from BSE SME Platform to BSE and NSE Main Board in thisFY2022-23.

Our belief is "We prosper our path with passion and perfection towardsinnovation. We believe our experience techniques and expertise through our projects willemblem our mark in construction history and the days to come. Our partners andstakeholders are in our consistent association to deliver the ultimate satisfaction to ourcustomers. The type of pride and construction we want to build is what empowers us tothrive more every day."

The name Suratwwala Business Group Ltd sta nds for "Trust Quality andCommitment". Thanks and regards

With best wishes
Jatin Dhansukhlal Suratwala
Chairman & Managing Director.

.