Our journey which started in 1992, has seen us emerging over the years as one of
the leading and trustworthy brand in personal finance domain in southern India.
We have undergone several transformations – adding new services, expanding into
new geographies, adopting state-of-the-art technology, strengthening credit and
risk management systems, creating new products and strengthening client relationships
through a service focus.
Over the years, the market dynamics have changed and the financial attractiveness
of the original business of the Company i.e. equity broking business got significantly
affected, due to competitive pressures and change in the nature of markets. Considering
the need for effective value creation for the shareholders, the company has decided
to exit equity broking business through a slump sale transaction for the same and
deploy the proceeds in our various lending businesses.
To rapidly grow and expand the businesses, we will actively continue to look for
both organic and inorganic growth. We will seek partnership and investors, wherever
appropriate from leading institutions, both strategic and financial. Our long term
vision remains to be an active participant in Nation building by contributing and
strengthening government initiatives at grass root level, be it strengthening the
agri commodity market or finance empowerment through the inclusive financing. In
spite of all the efforts by the government and various banks and institutions, a
significant part of the financial market still continues to be serviced by unorganized
players with inappropriate practices. It is in this area, we seek to expand and
introduce organized financing to benefit both our company and the borrowers.
As we continue to expand our existing businesses, we also plan to foray into Housing
Finance with special focus on the affordable segment. The initiatives of the government
like “Housing for all by 2022”, Pradhan Mantri Awas Yogjana (PMAY) etc. has created
an appropriate environment for this segment. Focusing on the key building blocks
like Technology, Transparency and Trust, we plan to build a robust Housing Finance
business. The launch of the business will happen after receipt of necessary approvals
from the National Housing Bank, which has already been sought.
To further cater to small businesses which even today are neglected by Banks and
Institutions, we plan to venture into the business of ‘Merchant Cash Advance’ (MCA)
to help small businesses prosper and grow.
While the entrepreneurial spirit of the Indians has led to a flourishing ecosystem
of small businesses, lack of adequate financing has to a great extent hurt their
growth prospects. Structurally, Banks and Financial Institutions have not been able
to cater to their requirements adequately and the only resort for these small businesses,
have been local money lenders, rendering the future of the business mostly unviable.
As we embark on our journey of “formalizing finance” which was informal till now,
we believe that Technology and Human Resources will be our key areas. We strongly
believe that all the above businesses are only furthering our commitment to align
with a long-term vision of being active participant in Nation building. Our quest
continues to be on the lookout for emerging opportunities in our areas of operation
and strive to provide service excellence to our customers by adopting new technology
and upgrading our delivery channels. The Company continues to focus on optimizing
the cost and upgrading the skills of our employees. We plan to expand the existing
business of the Company through multiple partnerships, thereby reaching out to a
wider range of potential customers and building multiple synergistic verticals.
Driven by passionate individuals, we try to make a difference in the lives of the
customers and our communities. We continue to build by putting our customers first,
treating people with respect, collaborating with our partners in progress, creating
constructive solutions, leveraging our diversity and maintaining a fully inclusive
The Company promoted Inditrade Community Foundation, a foundation dedicated to furthering
education among students coming from economically backward segments in the society.
Over the years, we plan to continue strengthening this Foundation through regular
contributions and cater to this need for furthering education in the communities
we work with.
Lastly, on behalf of the Board, I wish to express my gratitude to our shareholders,
clients, business partners, financial institutions and regulators for their continued
support. I would like to extend my vote of thanks to our ‘human capital’ and the
management team for their efforts and standing by the Company values and making
it what it is today – a Company based on values and empowered through a joint vision
for the future.