OUR accelerated revenue growth along with sizeable expansion in
customer base testifies to the relevance of our operating model and the excellent
execution of our business strategies. Moreover, after nearly two years of progressively
increasing our business activity, we maintain a Nil NPA (Gross), which is particularly
laudable given the current financial ecosystem. I express my heartfelt gratitude to the
team who have worked tirelessly to transform our novel idea into brilliant success.
As we celebrate these financial achievements, it is crucial to
recognise the broader context in which they have occurred. Our growth is not merely a
testament to our internal
capabilities but also a reflection of the immense opportunities and
challenges present in the markets we serve.
Micro, small, and medium enterprises (MSMEs) are key driving forces
propelling the Indian economy towards global greatness, but experiences funding draught.
Experts suggest they are up against a massive funding gap estimated at about US$530
billion. Less than one in every five MSMEs can tie up their funding needs from the
organised sector. It impedes their ability to grow their business and relevance in a
nation that is steadily progressing towards self- sufficiency.
While the Government's efforts in supporting the MSME sector are
commendable, its sheer size and expanse make it nearly impossible to reach and support
every enterprise comprehensively. The private sector needs to shoulder the responsibility
of supporting this segment.
I am happy to state that SG Finserve is funding the MSME segment in the
area that matters most. Supply Chain
- the essential conduit that channels products from the manufacturer to
the marketplace.
Our tie-ups with anchor partners (corporates) allow us to fund their
dealers, distributors, retailers and vendors, ensuring that goods move swiftly and
seamlessly through the value chain. The uptick in our numbers reflects the value we have
provided down the line.
In the last two years, we understand that we have not scratched the
surface yet, but we have gained immense knowledge of the finer nuances of the supply chain
financing business. Leveraging this rich learning, we wish to graduate from the kids' pool
to the main pool.
We have strategically chosen to partner with the leading corporates
that possess national presence and are at the forefront of their respective sectors. This
approach significantly broadens our ecosystem, enhances our landscape, and elevates our
impact index. Consequently, our success quotient is poised for substantial growth.
Despite the intense competition in this segment, with numerous players
vying for market share, we have successfully carved out a niche. This achievement is
attributed to the superior quality of our services and our competitive pricing, both of
which are facilitated by our tech-based platform that enables extensive reach.
I am pleased to announce that we have successfully initiated this
strategy, securing several significant accounts over the past year. This accomplishment is
a testament to SG Finserve's credibility and our ability to navigate and excel in a
larger, more complex trade environment. To further enhance our client services, we have
made substantial technology investments throughout the year, with several initiatives set
to go live in the current year.
As we look to the future, SG Finserve remains committed to driving
growth and contributing to India's broader economic development. We are dedicated to
innovation, excellence, and delivering value to all our stakeholders.