Share India Securities Ltd acquires Mumbai based Total Securities

Share India Securities Ltd 24^th AGM 2018

Highlights of Chairman and CEO Message

“Share India gets on the cusp of strong growth”

In the words of Thomas J. Watson…To be successful, you need to “Have your heart in your business and business in your heart”. This is what Share India Securities has done in the last 24 years to become a successful financial services conglomerate and reach at this level to be in the Right Place at the Right Time for the Right Reasons.

At the 24^th Annual General Meeting held on Saturday, September 29, 2018 at Hotel Radisson Blu, Kaushambi, Ghaziabad, Uttar Pradesh, Share India Securities Ltd (SISL) Chairman & Managing Director Mr Praveen Gupta and CEO & Whole Time Director Mr Sachin Gupta announced the merger of Mumbai based Total Securities with the Company and listed several achievements accomplished by the company during FY18 and shared road map for the future growth.   

Mr Praveen Gupta told the shareholders “The year gone by has been a landmark year for the company in many ways. We have strategically ventured into the synergistic business arenas of Merchant Banking and Wealth management. We have also acquired an NBFC giving us an inorganic entry into the segment. With all these developments, our presence in the financial sector has expanded considerably and we look forward to leveraging our current array of services and extensive client base to grow and create further inroads. During our successful journey, since 1994, we have seen various avatars of the capital markets and have adapted ourselves and emerged stronger. With the experience and insights that we gleaned, we are now in a strong position to guide our clients and take Share India brand to greater heights. The Company has reached a sweet cusp and is well set for strong growth and long term value creation for all the stakeholders including customers, employees, shareholders and society at large”

The company also announced its acquisition of Mumbai based Total Securities for which the board of Share India Securities Ltd has given an in-principle approval and expect to complete the process and formalities soon. Total Securities which has  a strong team of over 250 stock market professionals and expert traders working out of Maharashtra, Rajasthan, Gujarat and Tamil Nadu, has in-depth knowledge in the field of derivatives and is leader in jobbing, scalping and runs large proprietary desk.

“The combined entity will have employee strength of about 1000 and which will enhance company’s presence in all segments of Capital Market. The net worth of the merged entity will make SISL among top players nationally and its presence in the financial capital Mumbai, Western and Southern region will help the Company strengthen its service network and enhance business prospects” said Mr Sachin Gupta.

Going forward, he said "Share India’s FY 2020 vision entails increasing AP/SB count to all over India and capture market share by offering varied services under single umbrella. SISL also seek to forge institutional tie-ups in western and southern India to take advantage of brand value.

On the Merchant banking front the Company’s main focus is North and Western India and expects to gain market share faster than competition because of its goodwill, larger customer base, established relationship with clients and full-fledged services. Share India is the only merchant banker in the North having full-fledged set up to cater to the fund raising requirements of companies in the region which is still untapped and has huge growth potential.

The company has also developed a robust roadmap for the growth of NBFC division which aims to grow the loan book at a CAGR of 20 percent by diversifying and enhancing the product portfolio that offers Microenterprise Loans (under joint liability group) , Margin Funding , Loan against securities (LAS) and IPO Financing . Using technology as backbone the Company aims to diversify into more products such as Personal Loans and Secured Enterprise loans in SME Segment.

Mr Sachin Gupta further said “Over the past two and a half decades of our participation in the financial markets, we have grown considerably, in terms of reach and revenue. We have also augmented the range of products and services that we provide our clients to become a financial conglomerate that offers a gateway into the Mutual Fund, equity and commodity markets, while catering to the needs of both individuals and corporate”

Last year, we clocked a revenue growth of 25%, as our top-line increased from Rs. 1,063 mn in FY 2017 to Rs. 1,333 mn in FY 2018. Our bottom line expanded by a sterling 88.8% to reach Rs. 153.5 mn in FY 2018. A look at our performance since FY 2015 reveals that we have achieved consistent growth. Our revenue has grown at a CAGR of 64.2%, while our operating profit increased by a CAGR of 68.7% between FY 2015 and FY 2018. Our EBIT and PAT also displayed strong CAGR of 58.6% and 65.9%, respectively. We have also strategically expanded our presence to over 360 business locations, through which we cater to our 14,000+ clients.

In his concluding remarks Mr Praveen Gupta said “A large part of our success so far has been due to the commitment of our people. I would like to take this opportunity to thank them and appeal to their dedication in the years ahead too. I also express my thanks to all our Directors and Management for their invaluable contribution through their vision and execution of strategy, which have been critical for the success of the Company. Finally, I thank each and every shareholder for placing your confidence in us. With your continued support and trust, we look forward to growing the Company as we are strategically positioned – in the right place, at the right time, for the right reason”

About Share India Securities Ltd (www.shareindia.com)

Share India Securities Ltd, a leading knowledge and technology driven financial services group, is engaged in the business of equity broking, investing and trading activities for the last 24 years and has now expanded its operation into mutual funds, NBFC, merchant banking and commodity markets. The Company became 200th SME Company to get listed on BSE SME Platform on 5th October 2017. The company script has been included in the BSE Group -1 securities by Bombay Stock Exchange.  The Company is in the process of establishing its presence in western and central India and is developing a distribution centre for various products offered by Share India to all the clients. The Company currently enjoys strong presence in North India with its business center in Uttar Pradesh, New Delhi, Rajasthan, Punjab and Haryana. Share India also has significant business operations in Maharashtra and Andhra Pradesh. The Company currently has a network of around 364 AP’s/Sub brokers registered with it spread all over India catering to the needs of our clients

The Company reported a remarkable financial performance for FY18 and the six months period ended 31 March 2018. The Company’s consolidated net profit for FY18 rose 92. 72% to Rs 15.35 crores compared to Rs 7.96 crores posted in FY17.  Company’s consolidated revenue grew 25.38% to Rs 133.30 crores compared to Rs 106.30 crore posted in FY17.