From
The Chairman
Dear Shareholders,
I hope this message finds you in good health and high spirits. I am
pleased to share that your company continues to operate at a steady pace while exploring
new avenues for growth.
I am delighted to inform you that we have established a Wholly Owned
Subsidiary, Maximus Infra Ventures Limited, which will enable us to capitalize on the
growth opportunities in the dynamic real estate, infrastructure, and construction sectors.
This strategic move will enhance the Company's agility, strengthen its customer-centric
approach, and position us for sustained success in these markets.
As we are all aware, Non-Banking Financial Companies (NBFCs) have
undergone a significant transformation, becoming an integral part of India's financial
system. They have contributed immensely to infrastructure development, transportation, and
employment generation. In response to these evolving dynamics, the Management is committed
to formulating forward-looking plans that carefully consider both opportunities and
potential challenges.
I am also pleased to update you on the financial performance of our
subsidiary, Maximus International Limited (MIL). Despite a challenging environment MIL has
demonstrated consistent growth, with its total consolidated income rising to an impressive
INR 108.8 crore. Moreover, the company has maintained steady growth in EBITDA and PAT. By
surpassing the INR 100 crore milestone in consolidated revenue, MIL has not only achieved
its FY24 targets but has also laid a solid foundation for an even brighter future.
In conclusion, I wish to express my sincere gratitude to all our
shareholders for your unwavering support and trust in our journey. Together, we will
continue to explore new horizons, seize opportunities, and build a brighter future for
your company.
Yours sincerely, Dipak Raval Chairman & Whole-Time Director