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Business Today ranks Cholamandalam DBS,
as the 5th Fastest Growing Company with
revenues less than 1000 crore category, in
India, for the year 2008 |
India’s fastest growing small companies
Companies with revenues less than Rs 1,000
crore that grew the fastest in 2007. |
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Chennai, June 15 Edition, 2008 |
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Fastest growing small compaines |
- SunTV Network
- Indiabulls Financial Services
- Shri Lakshmi Cotsyn
- Bombay Rayon Fashions
- Cholamandalam DBS Finance
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SunTV Network
Despite Competition from ZEE and other
regional channels, Chennai-based SunTV
continues to remain top of the heap in
southern India. At last count, it had 20 TV
channels, 37 FM radio stations, two daily
Tamil newspapers and four magazines. For the
year ended March 2008, the Kalanithi
Maranled media group reported revenues of Rs
810.60 crore and a net profit of Rs 332.7
crore—a 19.6 per cent and 34.7 per cent
jump, respectively, over 2006-07. According
to analysts, Sun is expected to maintain 18
per cent CAGR until 2010.
Indiabulls Fin. Services
Indiabulls Financial Services’ journey from
a congested office near Hauz Khas in Delhi
to swank
Colaba (South Mumbai) has taken a little
over eight years. Its revenue grew at a CAGR
of 159 per cent and profits even faster at a
CAGR of 184 per cent between 2002-03 and
2006-07. During the last financial year, it
logged consolidated revenues of Rs 1,688.8
crore and consolidated PAT of Rs 580.60
crore— a jump of 110 per cent and 91 per
cent, respectively, over the previous year.
Yet, its market cap has plunged steeper than
the Sensex, from a peak of Rs 24,823 crore
in December, 2007 to Rs 10,711.09 crore at
present (on May 22). So why aren’t investors
too impressed with Indiabulls?
Shri Lakshmi Cotsyn
While Most Of The Players In the textile
industry are still reeling under the impact
of a stronger rupee, Kanpur-based Shri
Lakshmi Cotsyn (SLCL) makes growing in the
face of adversities seem
like a cinch. For its financial year ending
June 2008, SLCL, which manufactures denim,
terry towel,
home furnishing, nylon and apparels, expects
to clock revenues of around Rs 900 crore, up
40 per cent from last year. Says M.P.
Agarwal, CMD, SLCL: “We expect our net
profit to cross Rs 60 crore in 2008-09 (Rs
36.32 crore last year).” The reason, as
Agarwal explains, is largely the aggressive
capacity expansion.
Bombay Rayon Fashions
Our performance over the years has been very
good,” says A.R. Mundra, BRFL’s Executive
Director, a bit modestly. “We have been
doubling our top line as well as bottom line
year after year (for three years now).”
Driving the Rs 239-crore company’s growth is
its investment in capacity expansion; by
December ‘08 it plans to increase its
garment making capacity from 64,000 pieces a
day to 200,000 pieces a day.
Cholamandalam DBS Finance
Ever since DBS invested in this Company Two
Years Ago, Cholamandalam has expanded its
portfolio of loans and tapped newer cities.
Loan disbursements have jumped from Rs 3,104
crore in 2006-07 to Rs 5,150 crore last
year. What’s ahead for Chola? “We will
target SME products, extend home equity
loans across the country, expand e-broking,
look to finance construction equipment,’’
says Atul Pande, Managing Director.
About Cholamandalam DBS Finance Limited
Cholamandalam DBS is a joint venture between
the Murugappa Group and DBS Bank of
Singapore. The Company, along with its
subsidiaries and affiliates offers
individual and institutional customers a
range of financial services such as,
Personal Loans, Vehicle Finance, Home Equity
Loans, Capital Market Finance, Corporate
Finance, Mutual Funds, Securities Broking
and Distribution of Investment and Insurance
products. The Company’s shares are listed on
Bombay (BSE) and National (NSE) stock
exchanges.
About the Murugappa Group
Headquartered in Chennai, the USD 2
billion (Rs.8500 crore) Murugappa Group is
India’s leading business conglomerate.
Market leaders in diverse areas of business
including engineering, abrasives, finance,
general insurance, sanitaryware, cycles,
sugar, farm inputs, fertilizers,
plantations, bio-products and nutraceuticals,
its 29 registered companies have
manufacturing facilities spread across 14
states in India. The organisation fosters an
environment of professionalism and has a
workforce of over 30,000 employees.
The Group has forged strong joint venture
alliances with leading international
companies like Roca, Cargill, DBS Bank,
Mitsui Sumitomo and Groupe Chimique Tunisien
and has consolidated its status as one of
the fastest growing diversified business
houses in India.
About DBS
Headquartered in Singapore, DBS Group
Holdings Ltd is the holding company of DBS
Bank and is one of the largest companies in
terms of market capitalisation whose shares
are listed on the Singapore Exchange. DBS
Group and its subsidiaries form one of the
largest banking groups in the region in
terms of shareholders' funds and total
assets as at 31 December 2006, being
approximately SGD18.7 billion (USD12.2
billion) and approximately SGD197.4 billion
(USD129 billion). DBS is a leading bank in
Hong Kong. Beyond the anchor markets of
Singapore and Hong Kong, DBS serves
corporate, institutional and retail
customers through its operations in
Thailand, Malaysia, Indonesia, India, China
and The Philippines. The Bank's credit
ratings are one of the highest among banks
competing in the Asia-Pacific region, and in
Singapore.
For further information, please contact:
Mr. Atul Pande
Managing Director
Cholamandalam DBS Finance Limited
Tel: 044-25307172 |
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