FUTURE CAPITAL HOLDINGS LIMITED
ANNUAL REPORT 2011-2012
I am pleased to share with you the Annual Report of your Company for the
The global financial turmoil of the past few years have provided a
challenging environment as well as taught important lessons for all
stakeholders in the financial sector across the world. During the last
financial year, India too has faced some challenges including high
inflation rate, increasing interest rates and widening fiscal deficit that
has slowed the overall growth of the economy.
Over the last few years, Future Capital has transformed itself into an
independent and strong organisation led by a capable and strong leadership
team. Your Company has built for itself a strong business model, high
standards of corporate governance, transparency, robust processes and
controls which can endure over time.
I am pleased to share with you that Warburg Pincus, an extremely reputed
global private equity investor, has agreed to take a majority stake in your
Company. Future Group has decided to divest its stake in your Company in
favour of Warburg Pincus. Warburg Pincus, with over forty years of
expertise in investing and partnering in the creation of market leaders
across the world, will bring the necessary growth capital for your Company.
I am sure your Company will benefit immensely from this association in the
years to come.
I take this opportunity to thank you all and solicit your continued
support, trust and wishes over the years.