DEAR SHAREHOLDERS,
Celebrating 25 Years of Purpose and Progress
As we celebrate 25 years of building PDS, I write to you with a deep
sense of gratitude and pride. What began as a bold entrepreneurial idea has grown into a
global, purpose-driven enterprise—anchored in strong values, shaped by enduring
relationships and powered by an exceptional team of people. This milestone year has been a
poignant reminder that true progress is not measured by metrics alone, but by the values
we uphold along the way. At PDS, trust, transparency and teamwork have always been our
guiding lights. These principles have enabled us to navigate complex global headwinds and
emerge stronger, more agile and more united.
RESILIENCE AMID UNCERTAINTY
The world around us is shifting rapidly—with geopolitical
instability, economic uncertainty and environmental challenges creating a volatile
backdrop. The fashion and retail industry, in particular, continues to undergo structural
and cyclical changes. Yet, amid these uncertainties, our resilience has stood out. FY2025
has been a testament to the collective strength of our people and the enduring relevance
of our culture.
We remained focused on what truly matters—staying grounded in our
values while being ambitious in our vision. From launching sustainable design-led
collections to winning accolades like the ‘Home & Clothing Partnership
Award? from Tesco, we have continued to push boundaries and redefine excellence.
A SHARED VISION THAT UNITES US ALL
Our 5-5-5 Vision—to achieve USD 5 billion in GMV, 5% PAT, within
five years—is not just a strategic goal; it?s a rallying cry for our entire
organisation. It embodies our confidence in the long-term potential of PDS and our belief
in what we can accomplish when we come together with shared intent. It is a vision that
challenges us to think boldly, act decisively and grow responsibly—anchored in a
culture that prioritises long-term value creation over short-term gains.
PEOPLE AT THE HEART OF OUR CULTURE
At the heart of this journey is our people. Our culture empowers every
individual to act with ownership, embrace change and grow with purpose. We consciously
foster a workplace that prioritises well-being, fairness, continuous learning and
inclusion.
As we turn the page to the next chapter of our journey, our commitment
to innovation, sustainability and excellence remains steadfast. Our 5-5-5 Vision achieving
USD 5 billion in GMV, 5% PAT and doing so within five years— serves as a bold
reflection of our aspirations and the confidence we place in our strategy.
We are proud to be certified once again as a Great Place To Work—a
recognition that affirms our people-first philosophy. We continue to invest in training
and development, while cultivating an environment of trust, transparency and mutual
respect.
EMBEDDING SUSTAINABILITY INTO OUR DNA
As we strive for sustainable growth, we are integrating Environmental,
Social and Governance (ESG) principles into our core operations. Our sustainability-linked
finance initiatives with global institutions such as HSBC and Emirates NBD are a step in
that direction—reinforcing our belief that long-term value creation must be aligned
with broader societal good. We are equally committed to uplifting communities through
education, empowerment and meaningful CSR initiatives. For us, giving back is not an
afterthought—it is integral to how we define success.
CHARTING THE ROAD AHEAD_TOGETHER
As we look ahead, we are more focused than ever on driving our shared
vision forward—with clarity, conviction and compassion. We will face challenges, no
doubt. But with the strength of our culture, the support of our partners and the
dedication of our people, I am confident we will continue to grow responsibly, create
lasting impact and shape a brighter future together.
Thank you for being an integral part of our journey. Warm regards,
DR. DEEPAK KUMAR SETH
Chairman