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Wealth First Portfolio Managers Ltd.

BSE: 532269 Sector: Financials
NSE: WEALTH ISIN Code: INE658T01017
BSE 05:30 | 01 Jan Wealth First Portfolio Managers Ltd
NSE 05:30 | 01 Jan Wealth First Portfolio Managers Ltd

Wealth First Portfolio Managers Ltd. (WEALTH) - Chairman Speech

Company chairman speech

Dear friends

At inception we had resolved to build an exemplary Indian enterprise that would createenduring value for our country. An organisation that would adopt the credo of puttingIndia first keeping Customer before Corporation and the Individual before the Institution.

The journey since then has been purposeful though at times arduous testing our verygrit and determination. We put in place a multi-pronged strategy to transform the companyinto an engine of growth that would make a substantial contribution to the Indian economy.And we have been reasonably successful in our journey - sustainably creating value forIndia and our fellow Indians.

Fiscal 2017-18 was no different. We delivered a steady performance despite growingcompetition and increasing operating challenges. Revenue from operations stood at C222.95crore and Profit after Tax touched the C8.76 crore mark accompanied by healthy improvementin profitability margins. What was increasingly satisfying was that our HNI customer baseexpanded by more than 30% during the period under review – a heartening watermark tothe quality of our services. An important landmark for the year was that we received thelicense for providing advisory services. We also received the regulatory approval foroffering retirement solutions to our clients. These approvals will facilitate in growingour customer base and herald promising business growth over the coming years. But whatmakes 2017-18 increasingly special for me is that it represents the fruition of the dreamthat I had envisioned when I started this Company more than two decades ago. Thisachievement would not have been possible without my team of extremely dedicatedprofessionals. For in our business intellectual capital is the only resource that cansuccessfully transform well-thought out business policies into successful on-groundrealities. In our case our knowledge bank has been the key differentiator in today'shighly competitive business environment. And I take this opportunity to thank them fortheir unwavering commitment untiring efforts and millions of compromises made across allthese years to bring this company to its present position.