Dear Stakeholders,
"It is with great honor and privilege that I present to you the
Annual Report for the financial year 2023-24 of Enbee Trade and Finance Limited. I am
delighted to share the Auditor's and Directors' Reports, as well as the Annual
Audited Accounts. This year has been one of significant growth and transformation for our
organization.
Despite the challenging global economic environment, we have delivered
a robust financial performance, with our profits increasing by more than 100% compared to
the previous year. This growth is a testament to our resilient business model, strategic
initiatives, and the unwavering dedication of our team.
As the world recovers from the challenges of recent years, India has
emerged as a bright spot in terms of economic growth amidst a global slowdown. Our
nation's economic growth rate is stronger than many peer economies, driven by robust
domestic consumption and lesser dependence on global demand.
In years to come Non-Banking Financial Companies (NBFCs) will play an
even larger role in supporting the socioeconomic fabric of the Indian economy. The
opportunity for credit penetration remains high in India, and we are well-positioned to
contribute to this growth.
The Reserve Bank of India (RBI) and other regulatory bodies have
introduced significant measures to promote the growth and stability of our sector. These
steps include streamlining NBFC operations, enhancing risk management practices, and
strengthening corporate governance. These regulatory reforms have not only fostered
investor confidence but also encouraged NBFCs to adopt more responsible lending practices,
ensuring the overall stability of the financial system.
I would like to express my heartfelt gratitude to our shareholders,
customers, employees, and partners for their unwavering support and trust. Your confidence
in us drives our ambition and commitment to excellence. Together, we will continue to
build a stronger, more sustainable, and more prosperous future for Enbee Trade and Finance
Limited."
| Sincerely, |
| Amarr Narendra Galla |