CGCL

PRIGLOBAL November 25, 2021 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Pheeroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot No- 'C' Block, G Block Mumbai -400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code: 531595 Mumbai -400 051 Scrip Code: CGCL Sub: Corporate Presentation November 2021 Dear Sir/Madam, Pursuant to Regulation 30 of SEBI {Listing Obligations & Disclosure Requirements) Regulations, 2015 we are forwarding herewith presentation titled "Corporate Presentation November 2021". You are requested to take the same on record. Thanking you, Yours faithfully, for Capri Global Capital Limited \S~~ Yashesh Pankaj Bhatt Vice President & Company Secreta Membership No:. ACS 20491 Encl.: As Above Capri Global Capital Limited (CIN: L65921 MH1994PLC173469) Regd. Off: 502, Tower A, Peninsula Business Park, Lower Parel, Mumbai - 400013. \. +9122 4088 8100/4354 8200 B contact@capriglobal.in @ www.capriglobal.in C.APRI GLOBAL CAPITAL LIMITED Responsible. Resilient. Ready. CORPORATE PRESENTATION NOVEMBER 2021 CA P R I G LOB A L 1 I Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Capri Global Capital Limited (the “Company”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This presentation is not a complete description of the Company. Certain statements in the presentation contain words or phrases that are forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Any opinion, estimate or projection ■■■ @ herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. All information contained in this presentation has been prepared solely by the - - - ■■- Company.Noinformationcontainedhereinhas beenindependentlyverifiedbyanyoneelse.No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in thispresentation.NeithertheCompanynoranyoneelseacceptsanyliabilitywhatsoeverforany loss, howsoever, arising from any use or reliance on this presentation or its contents or otherwise arising in connection therewith. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comesshouldinformthemselvesabout,andobserve,any suchrestrictions. CA P R I G LOB A L 2 I Capri Global Capital: Banking The Unbanked A Non-Banking Financial Company (NBFC) with presence across high growth segments like MSME, Affordable Housing, ConstructionFinance,andIndirectLendingsegments Promotedbyfirstgenerationentrepreneur,Mr.RajeshSharma,CapriGlobalCapitalLimited(CGCL)islistedonbothBSEand NSEandispartofNIFTYSmallcap100Index Strong focus on MSMEs - the key growth drivers of the economy; over 23,000 businesses financed up to September 2021 acrosstenstatesinIndiarangingfromretailoutletstosmallmanufacturingunitstotraders AffordableHousingFinancebusiness,alignedwiththeGovernment’sFlagshipschemeunderthe‘HousingForAllby2022’- mission ‘PradhanMantri Awas Yojana(PMAY)’,has already empoweredover16,000 familiestorealizethedreamof owning theirownhome Committed workforce of over 2,400 employees with a branch presence at 99 locations in 10 states majorly across North andWestIndia CA P R I G LOB A L 3 I Executive Summary: Our Journey 0 ® ® ~ Housing Finance entry Expanding Business Verticals I I I I I • Ventured into MSME I I • Forayed into Housing Finance I I I I I I lending I • Branch network jumps to 66; I I I I I I Workforce count of 1,350 I •I •I •I 2011 2013 2016 2017 2021 • • I I Journey Begins Widening Outreach Expanded Scale I I I I • Raised Capital of INR 4.45 Bn I • Branch network expanded I • AUM crossed ~INR 50 Bn I I • Started Construction Finance I to 5 states I • Commenced third party I I Business I • AUM crosses INR 10 Bn I distribution of car loan G) © • Secured Care A+ rating products • Branch network jumps to 99 !) across 10 States F • Workforce count of 2400+ CA P R I G LOB A L 4 I Capri Global Capital: Brief Overview i r··················· Financial Highlights State-wise Number of INR 525 Mn Q2FY22 I Physical Branch Locations as .! of Q2FY22 : 99 branches INR 984 Mn H1FY22 1... ...................................................................... INR 52.7 Bn INR 1,769 Mn FY21 INR 18.1 Bn 1 Total AUM PAT Net Worth 3 (consolidated) 2 23 5 Geographic Expanse (Q2FY22) 18 26 99 10 2,494 1 Branches States/Union Team Size 5 14 Territories Customer Base (Q2FY22) 23,000+ 16,000+ 31,400+ 1 Businesses Families Live Accounts Financed Empowered CA P R I G LOB A L 5 I Business Overview: Diversified Portfolio MSME Housing Finance Construction Finance Indirect Lending Product portfolio: Business loan Product portfolio: Home loans Product portfolio:Construction- Product portfolio: against residential, commercial for –Purchase of residential linked loans to small and mid- Financing to other NBFCs or industrial properties units; Construction & extension sized real estate developers engaged in renovation of homes –Plot - Auto -Finance Ticket size: INR 0.5-7.5 Mn, with purchase and home equity loans Ticket size:INR 70-270 Mn, with - MSME Lending & average ticket size of INR 1.7 Mn average ticket size outstanding of Microfinance Ticket size:INR 0.2-5 Mn Tenor: Average tenor of 4-6 INR 70.1 Mn - Fintech based NBFCs (Average ticket size of INR 1.1 years Mn) Average tenor:Average tenor of Ticket size:INR 30-1,000 Mn at Security: First and exclusive 3-5 Years sanction and ATS Rs50mn on Average tenor: Average tenor of charge on collateral property outstanding basis. about 8 years Security:Exclusive lending with with clean and marketable title escrow mechanism, secured Average tenor:Average tenor of Security:First and exclusive against cash flow of 2.5x. 2-4 Years charge on mortgage property Security:Hypothecation of with clean and marketable title receivables with 1 to 1.2X cover ~50% 100% ~59% 100% ~2 times 100% 1-1.2 X 100% Average LTV Self-origination Average LTV Self-origination Asset Cover Self-origination Asset Cover Self-origination ..................................................... L .. o ... a .. n ... . M ..... o .. d ... e ... l .......· .. .. ·················································· L ·· o ··· a ··· n ·· · M ····· o ·· d ··· e ··· l ··········/ ..................................................... L ... o .. a ... n .. .. M .... o ... d .. e ... l .... ···/ \. · ················································ L ·· o ··· a ·· n ··· · M ····· o ·· d ··· e ··· l ······/ 51% of AUM 25% of AUM 18% of AUM 6% of AUM* * incl. short term deployment aggregating ~3.3% of total AUM CA P R I G LOB A L 6 trapA sU steS tahW :egatnavdA LCGC ledoM gnicruoS nwO reworroB PNES no sucoF ledoM desucoF liateR ylraluger yb enod si gnicruos %001 o -non deyolpme fles no sucof gnortS o dessucof liater ezis tekcit llamS o maeT selaS tceriD esuoh-ni deniart a tuo devrac ;reworrob lanoisseforp dna gnisuoh ,EMSM ssorca gnidnel ;ffats )SOF( teertS no teeF ro )sTSD( .tnemges siht ni ehcin 30 20 .ecnanif noitcurtsnoc 10 lles ssorc setareneg osla dna tneiciffe selbane seliforp ni ytiralimiS o dna ytilauq tessa no sucof gnortS o .ecnarusni rof seitinutroppo .gnitirwrednu retsaf .oiloftrop ytilauq ylno gnidraobno sremotsuc ecneulfni ot enorp sASD o dna hcuoT desab noissucsiD lanosreP o rehto htiw refsnarT ecnalaB ot dezimotsuc no yler ,ledoM leeF taeper fo tiusrup ni srednel detacilper eb ton nac hcihw stnemssessa LCGC fo ledom TSD ;noissimmoc .gnidnel latigid yb .siht setanimile ytidiuqiL etauqedA ledom noitcelloC esuoH nI hcaorppA tiderC dereyaL itluM sraeY 5-1 ,raeY 1< ni MLA evitisoP o sucof lluf serusne maet noitcelloC nwO o sisab hcaorppa gnitirwrednu dezimotsuC o .sraey 5> dna .stnuocca tneuqniled no maet tiderC ;eliforp s’remotsuc eht morf elbaliava senil tiderc etauqedA o 60 sti rednu noisivid noitagitiL etarapeS o 50 ot remotsuc htiw emit sdneps yllanosrep 40 .sknab eht seldnah hcihw lacitrev lageL dna scimanyd ssenisub dnatsrednu mret muidem rof dezilatipac-lleW o .edis lagel morf stroffe yrevocer .swolfhsac evired .htworg ni ,deruces era snaol eht lla taht neviG o duarF dna lacinhceT ,lageL esuoh nI o maet noitcelloC eht sesac ssertsid delenapme sa llew sa stinU lortnoC rof llew sa ytreporp fo elas setatilicaf dna ecnegilid eud gnitcudnoc rof srodnev .yrevocer .sksir duarf etanimile nabrU deruceS gnidleiY hgiH A laretalloC sa ytreporP yramirP swolfhsaC gnissessA oiloftroP liateR )noitnetni gnirusne( )yap ot ytiliba( 7 L A BOL G I R P AC Tl ~ I Operating Efficiency: Adopting Low-Cost Hub & Spoke Model Area Managers • Sales and Credit • Branch Manager Hub • Operations Spoke • Relationship • FCU, Legal, Technical and • Mangers (DSTs) Collections • Credit Resource • Spoke branch functions • Direct connect with customers Benefits of Hub & Spoke Model • Enables low-cost penetration into underserved markets Q2FY22 Region / Hubs:20 Spoke1 Spoke1 • Decentralized model optimizes turn around times Spokes:79 • Benefit from economies of scale and uniformity in operations Hub • Cost efficient, technology driven hub-and-spoke model is helpful in optimizing turn around times Spoke1 Spoke1 CA P R I G LOB A L 8 I Digitised Workflow & Analytics Driven Underwriting Mobility Applications Verification & Screening Tools Digitisation & Score carding Bureau Scrubs •Sales Application Disbursement with minimal or no Digital, cloud based application which unifies Regular bureau scrubs enables assessment ✓Paperless origination manual intervention reducing overall origination & management of loan end to end of CAPRI customers with other lending ✓TATs TAT with the implementation of : Credit Risk Classification (CRC) Scorecard institutions ✓OCR capabilities for enhanced FTR’s ✓Video KYC ✓Risk based pricing ✓credit performance leading to Increased Productivity ✓Digital KYC ✓Customised application scorecard with ✓repayment behavior ✓Reduced Compressed manual ✓ID card verification configurable rules ✓delinquency check intervention ✓Customer & Business document ✓Uses multiple variables like income, ✓Location intelligence using Geo verifications qualification, customer profile, property type, Provides EWS triggers and determine Tagging & Route mapping capabilities ✓Face Biometrics bureau data etc. further actionable which helps ✓Resultant score eases assessment process of ✓maintain the portfolio quality •Collections Application loan applicants, fast tracks leads as well as ✓retain exiting customers Automated workflows using built in ✓Real Time Status updates prioritising PDs ✓determine Upsell opportunities Credit risk scoring, automated ✓E-Receipting Bureau & Fraud checks ✓Eliminates manual pricing (ROI) preventing .✓.re.d.uc.e .tu.rn.ov.er. o_f goo_d cu_stom_ers_ F ✓Location intelligence using Geo revenue leakage ✓monitor customer behaviour, assets and Tagging & Route mapping capabilities product offerings ,&invo1d llenmuse'~nlverrotol CA P R I G LOB A L 9 I Digital Payments Infrastructure & Technology Initiatives .\ /.··························································· Evolved e-payment solutions for Customer Relationship through self service Capri Learning Application both disbursements & collections portal & effective communication modes • Mandate registration prior to disbursement With management principles built around • Mobile Application for Employee has reduced the no of NPDC cases customer centricity and customer delight, the Communication, Engagement & Training ✓NACH enabled at all the branches following tools help better the customer ✓Direct debit mandate experience • Centrally disseminated & cured data, available ✓eNACH • CRM software–caters to single view of all uniformly across all regions with increased • Host -to-host integration with sponsor banks customer transactions and communications accessibility to online learning modules for direct and instant disbursement to across multiple lines of business and ✓Policy guidelines and changes customers applications ✓Latest loan product updates, ✓IMPS • Reduced customer service TATs and ✓Intimation about regulations and lending ✓RTGS complaints norm changes ✓NEFT • Increased and better reach to customers • Digital payment capabilities through : • Skilled & well-trained staff who are better ✓Wallets ✓SMS, equipped to attend to the needs of Capri’s ✓UPI ✓Emails & customers ✓Internet banking ✓WhatsApp ✓Credit Cards etc • Customer self service portal to access online • All agents are equipped with digital payment ✓interest certificates, modes on the field with real time realization ✓new loan application, of payments ✓repayments, ✓Online requests, SOA etc Integrated CRM CapriPedia Payments CA P R I G LOB A L 10 I AUM : Growth Rebounding AUM Segmental Break Up (INR Mn) MSME HF CF IL r... ......................................................· ... ..... r········ 2 ····· 8 ····. , · . 3 ......· . . 9 .... 0 ............ J 41,032 J [. ......... 4 ...... 0 ....... , .... 3 ....... 4 ...... 7 ................. J r········ 4 ····· 8 ····· , .. 4 ....... 8 ...... 0 ............... J r······· 5 · ...· .. 2 ....... , ... 7 ....... 1 ...... 2 ................ J 26,797 25,114 20,466 19,709 15,413 13,219 12,009 11,553 9,427 9,619 9,563 8,982 8,734 7,926 3,079 3,134 2,450 1,100 1,388 1,280 FY18 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 11 I Disbursals : Strong Pick-up Post Second Lockdown Disbursals (INR Mn) MSME HF CF 19,097 22,000 11,793 14,984 5,850 8,933 8,860 8,240 4,169 5,090 2,986 4,220 3,724 3,188 2,533 2,030 2,289 7,871 8,050 7,091 1,420 5,040 3,456 2,400 FY18 FY19 FY20 FY21 Q2FY22 H1FY22 CA P R I G LOB A L 12 BUSINESS SEGMENTS PRIGLOBAL CAPITAL LIMITED CA P R I G LOB A L 13 I MSME Lending: A Huge Unexplored Opportunity MSME –Huge Addressable Credit Gap FY16 FY21 INR MSME Systemic 9.6 Tn 19.2 Tn 17.3 Tn Credit (INR) INR INR 19.4 Tn 52.0 Tn Non-Banks Market Addressable Credit Gap of INR 19.4 Tn 8% 10.4% Share refers to tappable portion out of INR 52 Tn of Informal Channel lending to MSME Informal Channel Banks & NBFCs Source: CrisilReport, IFC Source: SIDBI MSME Pulse Reports ■ =······ ....................................... ................................................................................................................................... ···············~······························· ......... • MSMEs account for ~35% of total credit exposure in India, with majority of it parked with the private and public sector banks. NBFCs have also played a significant role in recent years. There is an immense opportunity to expand presence, even as leading NBFCscontinuetoindependentlysecuretheirmarketshare. • Banksfaceissues infinancing MSMEsduetohighNPAs,highprocessing times,highercost,andcapitalchallenges.Lowservicing costforNBFC’s;betterpenetrationthanbanksasNBFC’soutreachishigher. • Lackofformalavenuesforfinancingensureslowpenetrationfrombanks;NBFCsofferhigherloaneligibilitywithshorterTAT. • MSMEPulseReportsindicatestrongerassetqualityinRs1-5mnsub-segmentofMSME.CGCLfocusesonRs1-2mnticketsizes. !.. .............................................................................................................................................................................. . CA P R I G LOB A L 14 I MSME: Small Loans, Big Opportunity r-··················································································································································i Geographical Distribution (Value-Wise) ;····················································································································································: 1.7I% 1.2% 11.0% ■ Gujarat ■ MP Maharasthra FocusArea ■ Rajasthan • Self Employed Individuals – Provision stores, retail outlets, ■ Delhi-NCR handicraftsetc. UP • Small enterprises with inadequate income documentation proof;Sourceddirectly. ■ Haryana • In-house sourcing team – 99 Branches; 100% Direct ■ Punjab Sourcingvs55%inFY18. AUM Disbursements Avg. Ticket Size (Q2FY22) Customers INR 26,797 Mn / 26% YoY Q2FY22 INR2,400 Mn / 2.5x YoYQ2FY22 INR 1.6 Mn On Loan Book +23,000 businesses financed INR 25,114 Mn / 20% YoY FY21 INR7,091 Mn / 41% YoY FY21 INR 1.7 Mn On Disbursement 17,135 active customers CA P R I G LOB A L 15 I MSME: CGCL’s Growth Driver .l Average Ticket Size (INR Mn) r··············································.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·L.·.·i.·v.·.·.e·.·.· .·A.·.·.·c.·.·c.·.·.o·.·.·u.·.·.n·.·.·t.·.·s.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·. ........• ....... 17,135 16,141 1.7 1.7 12,578 11,051 1.6 1.5 FY19 FY20 FY21 Q2FY22 FY19 FY20 FY21 Q2FY22 Loan to Value (%) Loan Yields (%) 52 16.7 50 16.1 48 48 15.8 15.8 FY19 FY20 FY21 Q2FY22 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 16 I Affordable Housing: Large Demand & Low Formal Financing Ramp-up Expected in Indian Mortgage Market Housing Shortage –Socio Economic Group Wise (Loan Assets in INR Tn) 36.9 8% 31.0 12% 26.1 21.9 ■ EWS 19.1 LIG ■ 16.6 14.2 ■ MIG & Above 80% Mar-17 Mar-18 Mar-19 Mar-20 Mar-21E Mar-22E Mar-23E ....................................... ·············································································· ·i, • Under penetrated mortgage market, rising urbanization coupled with increase in housing demand is leading to mortgage marketexpansion;UrbanHousingshortagepeggedtoreach34.1millionunitsby2022 • 90%+oftheshortagecorrespondstoLowerIncomeGroup(LIG)&EconomicallyWeakerSections(EWS) • In2015,theGovernmentofIndialaunchedthe “Housingforallby2022”schemewithPradhanMantriAwasYojana(PMAY) #r~"' I • CapriGlobalHousingFinancesignedanMOUwithNHBasaPrimaryLendingInstitution(PLI)tofacilitatesubsidy toitsqualifying i... ...................................................................................................................................................... borrowersundertheCLSS ! ·········································································································1tt- Note : EWS-Economic Weaker Section; LIG-Lower Income Group and M&HIG-Medium & High-Income Group Source: ICRA, NHB, ICICI Securities Reports, RNCOS CA P R I G LOB A L 17 I Housing Finance: Capitalising on Affordable Housing Opportunity Focus Area 0.8% ■ Maharashtra ■ MP • Serves middle and lower middle income population ■ Gujarat in Tier 2 and 3 cities ■ Rajasthan ■ Delhi-NCR UP • Ventured in 2016 through its subsidiary –Capri Global Housing Finance Limited Salaried 45% • Targeting existing customers via cross-selling within the MSME segment Self-employed 55% I I j AUM Disbursements I Avg. Ticket Size (Q2FY22) I Customers __FJ l INR 13,219 Mn / 44% YoY Q2FY22 INR 1,420 Mn / 2.6x YoY Q2FY22 INR 0.9 Mn On Loan Book 16,000+ families empowered - --- INR 11,552 Mn / 29% YoY FY21 INR3,724 Mn / 47% YoY FY21 INR 1.3 Mn On Disbursement 14,154 active customers L J J - CA P R I G LOB A L 18 I Housing Finance: Exponential Growth Potential .l Average Ticket Size (INR Mn) r··············································.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·L.·.·i.·v.·.·.e·.·.· .·A.·.·.·c.·.·c.·.·.o·.·.·u.·.·.n·.·.·t.·.·s.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·. ........• ....... 1.3 14,154 13,149 1.1 1.0 1.0 10,207 8,637 FY19 FY20 FY21 Q2FY22 FY19 FY20 FY21 Q2FY22 Loan to Value (%) Loan Yields (%) 14.0 60.0 59.0 58.7 13.4 53.5 13.3 12.9 FY19 FY20 FY21 Q2FY22 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 19 I Construction Finance: Building a Sustainable Future Focus Area ■ Mumbai MMR ■ Ahmedabad • Construction linked loans to small and midsize real ■ Delhi-NCR estate developers ■ Pune ■ Bengaluru Hyderabad • Comprehensive framework for project selection and ■ Vijaywada credit appraisal Surat Jaipur ■ Chennai • Competitive rates for high quality, multi-family real ■ Others estate projects ' AUM Disbursements Avg. Ticket Size No. of Projects INR 9,563 Mn / 4% YoY Q2FY22 INR 2,030 MN/ 5.5xYoY Q2FY22 INR 72 Mn On Loan Book 133 INR 8,734 Mn / -9% YoY FY21 INR 4,169 MN / -1% YoY FY21 INR 158 Mn On Sanction CA P R I G LOB A L 20 I Construction Finance: High Yield, Well Managed Risks .l Average Ticket Size (INR Mn) r··············································.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·N.·.·.·o.·.·..·.· .·o.·.·.·f.·. ·.P·.·.·r.·.·o.·.·.j·.·e.·.·.c·.·.t·.·s.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·.·. ........• ....... 82.2 146 134 133 72.0 70.2 70.1 126 FY19 FY20 FY21 Q2FY22 FY19 FY20 FY21 Q2FY22 LTV (%) Loan Yields (%) 18.4 50.0 50.0 50.0 50.0 17.7 17.2 17.1 FY19 FY20 FY21 Q2FY22 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 21 I Car Loan Distribution: Robust Fee Potential r Team Expansion To Continue I r.... .............S...c.a...l.e..d.. .u..p... .t.o... ............... =................................................................................................................................... .. 186locations since Feb’21 J Pan-India coverage planned o Tie-ups with commercial banks to distribute their new car loan products for a fee consideration. Current tie-ups with IOB, YES, 9 and UNIONBANK. More tie-ups in offing. 5 8 o Balance sheet light model. 25 42 1 o Team size of 300+ as of Q2FY22. 3 22 26 1 2 r· ......................R....o....b....u....s...t... .D.....i..s...t...r..i..b....u....t...i..o....n.... .V....o....l..u....m......e.... ..(..I..N.....R.... ..M.......n....)........................ 2 1 .J 21 3,430 12 - 601 6 Q1FY22 Q2FY22 CA P R I G LOB A L 22 CAPITAL AND LIQUIDITY PRIGLOBAL CAPITAL LIMITED CA P R I G LOB A L 23 I Well Capitalized For Medium Term Growth Consolidated Networth (INR Mn) Capital Adequacy (%) CGHFL Surplus Inv. In CGHFL (incl. premium) CGCL Networth (excl. inv. in subs.) CGCL CGHFL ■ ■ ............. : ........... r······· I i 12,517 ~ f 13,827 ! L..1. ..5..,.3...9..2.... ) ~ 17,173 18,098 =. .................... =. ..................... t. ..•.... •············· 69.5 50.8 43.5 39.3 38.0 37.7 14,523 15,259 34.2 31.2 35.8 34.3 13,077 11,755 11,511 1,750 1,750 1,750 1,750 2 7 5 5 5 0 322 565 900 1,088 FY18 FY19 FY20 FY21 Q2FY22 FY18 FY19 FY20 FY21 Q2FY22 Undrawn credit lines Comfortable liquidity Adequate cash + Strong capital + = of INR 3.5 Bn position to protect against position on balance adequacy to support including the liquidity crunch & support sheet future growth unutilized CC limit future growth CA P R I G LOB A L 24 I Liquidity Position : Continue to Maintain Adequate Buffer Particulars (INR Mn) CGCL (Standalone) CGHFL Consolidated Limits Sanctioned 34,650 18,650 53,300 Limits Availed 34,156 15,600 49,756 Un-Drawn 494 3,050 3,544 Repaid 7,313 3,690 11,003 Outstanding 26,843 11,910 38,753 Total no. of relationship maintained 17 12 Limits Sanctioned in FY22 1,000 1,000 2,000 o CGCL has active borrowing relationship with 17 Financial Institutions across PSU, Private Sector Banks, Foreign Banks, Mutual funds, Life Insurance companies and Public sector Financial Intuitions. o The company shall be looking to further diversify its source of funds. CA P R I G LOB A L 25 I Liquidity Position : Repayment of High-Cost Loans Particulars (INR Mn) CGCL (Standalone) CGHFL Consolidated Dues during FY2021-22 (exc. Prepayments made in FY22) 6,483 2,369 8,852 Payment made as per schedule (A) 877 221 1,098 Prepayments made for the year (B) 2,768 1,362 4,130 Total repayments/prepayments (A+B) 3,645 1,582 5,228 Balance Payment for FY2021-22 2,838 786 3,624 Additional prepayments beyond FY2021-22 (C) 0 56 56 Total Repayments / Prepayments (A+B+C) 3,645 1,638 5,283 CA P R I G LOB A L 26 I Asset-Liability Split : Maturity Buckets Are Well Balanced* Asset-Liability Mix (INR Mn); Ensuring Optically Matched Balance Sheet 50,421 22,228 21,470 16,328 15,918 - - - - 9,800 6,654 4,347 4,515 6,296 5,403 754 1,489 1,924 upto 1 month >1-3 months >3-6 months >6-12 months 1-3 years 3-5 years >5 years Total Assets Total Liabilities ■ ■ Particulars up to 1 >1-3 >3-6 >6-12 Ending 1-3 years 3-5 years >5 years (INR Mn) month months months months Cumulative Mar’21 5,900 8,758 11,349 12,241 18,141 24,259 53,210 Inflow -Outflow Have consistently remained cautious about short-term asset & liability mismatches by ensuring optimally matched Balance Sheets * as of Q4FY21 CA P R I G LOB A L 27 I Asset-Liability Position : Well-Balanced for Short Term* ALM Position : CGCL (Standalone) ALM Position : CGHFL Inflows Outflows Inflows Outflows 11.6 11.4 3.9 3.8 2.5 2.4 6.4 6.3 1.0 1.0 2.4 2.4 - - 1.0 0.7 0.2 0.4 0.4 0.1 ■ 0 -7 D 8D - 14D 15D - 1M >1M - 3M >3M - 6M 0D - 14D 15D - 1M >1M - 3M >3M - 6M *for H2FY22 CA P R I G LOB A L 28 I Liability Mix : Steady Diversification In Borrowings (................ l (................ ! ... .. . .. . .. . .. . .. . ... .. . .. . .. . .. . .. . ,•················ ~ ~ ~ I I I I I I 29,573 33,340 37,689 36,003 37,934 1.. ......... •····················· : : . ........... •·················· : L... ....... •····················· 1.. ......... •···················' 1. ······························' 27,166 26,312 24,859 24,781 21,050 6,740 6,750 6,741 6,750 6,578 4,635 4,472 4,190 1,783 1,731 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 SCB Borrowings Refinance NCDs o Nil exposure to short-term money market instruments. o CGCL’s prudence in having higher share of long-term borrowings resulted in positive ALM across buckets on cumulative basis CA P R I G LOB A L 29 ASSET QUALITY PRIGLOBAL CAPITAL LIMITED CA P R I G LOB A L 30 I Asset Quality : Consolidated Stage Analysis As per IND-AS INR Mn except stated ECL Analysis As Per IndAS Q2FY22 Q1FY22 Q4FY21 Q3FY21 Q2FY21 Stage 1 & 2 - Gross 51,006 47,693 46,870 39,515 40,711 Stage 1 & 2 - ECL Provisions 918 823 730 603 320 Stage 1 & 2 - Net 50,089 46,870 46,140 38,912 40,391 Stage 1 & 2 - ECL Provisions % 1.80% 1.72% 1.56% 1.53% 0.79% Stage 3 – Gross 1,715 1,702 1,613 825 902 Stage 3 – ECL Provisions 487 485 450 345 532 Stage 3 – Net 1,228 1,217 1,163 480 370 Stage 3 – ECL Provisions % 28.4% 28.5% 27.8% 41.8% 59.0% Total ECL Provisions 1,404 1,308 1,180 948 852 Stage 3 % – Gross NPA 3.25% 3.45% 3.32% 2.10% 2.18% Stage 3 % – Net NPA 0.61% 0.81% 0.91% Negative 0.12% Provision Coverage Ratio % 81.9% 76.4% 73.1% 114.9% 94.5% Restructured Assets 2,312 2,038 1,843 1,100 0 Restructured Assets (%) 4.4% 4.1% 3.8% 2.7% 0.0% Prov. on Restr. Assets 295 252 230 110 0 Prov. on Restr. Assets (%) 12.8% 12.3% 12.5% 10.0% - o Std. restructured assets: MSME Rs 2,115mn (7.9% of MSME AUM), Housing Rs 136mn (1% of Housing AUM), CF & IRL –NIL o Overall restructured assets 4.4% of AUM in Q2FY22. CA P R I G LOB A L 31 I NPA Analysis : Short Term Headwinds CGCL (Consolidated) FY18 FY19 FY20 FY21 GNPA Product Segment wise –Q2FY22 (INR MN) GNPA 434 561 952 1,609 ProductSegment GNPA % NNPA % NNPA 185 445 312 434 MSME 5.2% 1.2% Provisions 250 116 640 1,175 ConstructionFinance 0.2% - Gross NPA% 1.5% 1.5% 2.4% 3.3% HousingFinance 1.8% - Net NPA% 0.7% 0.5% 0.8% 0.9% Total (Consolidated) 3.3% 0.6% Coverage Ratio* 57.5% 63.9% 67.2% 73.1% o MSME Stage 2 at 11% (11.7% in Q1FY22), Housing Finance Stage 2 at 9.5% (10.4% in Q1FY22) and Construction Finance Stage 2 at 4.1% (3.2% in Q1FY22). * Coverage ratio is computed considering aggregate ECL provisions. CA P R I G LOB A L 32 Asset Quality : Net NPAs* Improving I r·----- -::::::::::::::::::::: :::::::::::M:::::S:::M::::E::: :(::%::::)::::::::::::::::::::::::::::::::. ........... Housing Finance (%) _j 1.8 1.9 0.43 0.40 1.7 I 1.2 1.1 0.15 - I - ■ (0.08) FY18 FY19 FY20 FY21 Q2FY22 FY18 FY19 FY20 FY21 Q2FY22 Construction Finance (%) r··············::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::. ........ :.. 1 -0.03 I I I (0.41) (0.46) (0.60) *Net NPAs arrived at after considering aggregate ECL (0.83) provisions. FY18 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 33 Collection Efficiency : Performance in EMI Servicing Continues I l MSME Collection Efficiency (by POS) MSME: Slow Reversion to Normalcy r··································::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::. ............ o MSME portfolio consistently showed a slight dip over 86.5% 85.9% Q1FY22 collection efficiency. 84.0% o There are short term challenges in getting back to 83.4% normalcy in collections. 81.0% Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Housing Finance Collection Efficiency (by POS) Housing Finance: Steady Improvement o Collection efficiency in Affordable Housing was stable 94% 94% 93% 95% 95% in Q2FY22. Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 CA P R I G LOB A L 34 I Over The Years… .. .................................................................. . r···································· J NIM (%) : Rebound In NIMs With Decline In Excess 1 j L.... ..................C...o....s..t..-..I..n...c..o....m....e... ..(..%....).. .:.. .S...h...o...r...t.. .T..e...r...m.... ..B...u...m.....p............................ Liquidity .. ·........................................................................................ 9.6 52.1 9.5 46.6 9.3 9.3 42.0 38.4 35.2 I 8.7 I FY18 FY19 FY20 FY21 Q2FY22 FY18 FY19 FY20 FY21 Q2FY22 r···················································· ; r····················································· ; NII (INR Mn) PAT (INR Mn) :....................................................................................... .. :....................................................................................... .. 1,770 3,872 3,848 1,612 3,236 1,357 2,252 I 649 1,180 I 525 I FY18 FY19 FY20 FY21 Q2FY22 FY18 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 35 I Over The Years… r············································· i Return on Average Assets (%) : Stable In A Return on Average Equity (%) : Stable In A Challenging Year r: ...............................................C...h...a...l..l.e...n...g...i..n...g... .Y...e...a...r................................................ ) =.............................................................................................. .. 3.7 3.7 3.7 3.5 11.8 11.0 10.9 10.3 2.6 5.4 I FY18 FY19 FY20 FY21 Q2FY22 FY18 FY19 FY20 FY21 Q2FY22 t····················································· : r····················································· ' Total Assets (INR Mn) Capital Adequacy (%) (Standalone) :......................................................................................... .. :....................................................................................... .. 39.3 58,131 58,873 38.0 37.7 42,770 44,455 35.8 29,710 I 34.2 I FY18 FY19 FY20 FY21 Q2FY22 FY18 FY19 FY20 FY21 Q2FY22 CA P R I G LOB A L 36 CGCL Consolidated Income Statement : Quarterly Comparison Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Interest earned 1,980 1,743 13.6% 1,875 5.6% Interest expended 799 688 16.1% 771 3.6% Net interest income 1,180 1,054 12.0% 1,104 7.0% Non-interest income 217 126 72.4% 124 76.0% Core operating income 159 81 96.6% 92 72.7% Other income 58 45 32 Total income 1,398 1,180 18.4% 1,227 13.9% Operating expenses 587 356 64.9% 439 33.8% Employee cost 424 243 74.5% 323 31.1% Other operating expenses 163 113 44.3% 116 41.2% Operating profit 811 825 -1.7% 789 2.8% Total provisions 107 5 182 ECL provisions 92 3 131 Write-offs 15 2 51 Profit before tax 704 820 -14.1% 606 16.2% Tax 180 210 147 Implied tax rate 25.5% 25.6% 24.2% Profit after tax 525 610 -14.0% 459 14.2% EPS (diluted) (Rs.) 2.97 3.46 2.60 CA P R I G LOB A L 37 CGCL Consolidated Balance Sheet : Quarterly Comparison* Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Paid-up equity 351 350 0.1% 351 0.0% Reserves and surplus 17,747 16,033 10.7% 17,286 2.7% Networth 18,098 16,383 10.5% 17,637 2.6% Bank borrowings and refinance 31,356 22,833 37.3% 29,253 7.2% NCDs 6,578 6,740 -2.4% 6,750 -2.5% Other liabilities and provisions 2,840 890 219.2% 1,718 65.4% Total shareholders' equity and liabilities 58,873 46,847 25.7% 55,357 6.4% Cash and bank balances 1,367 716 90.9% 1,094 24.9% Investments 5,702 4,799 18.8% 5,668 0.6% Assets under financing activities 50,735 40,469 25.4% 47,674 6.4% Other assets 1,069 863 23.9% 921 16.1% Total assets 58,873 46,847 25.7% 55,357 6.4% * Q1FY22 balance sheet was not subject to audit review. CA P R I G LOB A L 38 CGHFL Income Statement : Quarterly Comparison Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Interest earned 437 345 26.5% 395 10.5% Interest expended 228 201 13.6% 212 7.7% Net interest income 209 145 44.4% 184 13.8% Non-interest income 64 61 4.2% 41 55.8% Core operating income 21 11 99.3% 6 272.8% Other income 43 51 -15.8% 35 20.7% Total income 273 206 32.4% 225 21.4% Operating expenses 93 83 12.2% 73 26.4% Employee cost 53 46 14.6% 44 19.5% Other operating expenses 40 37 9.2% 29 36.5% Operating profit 180 123 46.0% 151 19.0% Total provisions 42 2 52 ECL provisions 42 2 52 Write-offs 0 0 0 Profit before tax 138 121 13.6% 100 38.3% Tax 28 31 19 Implied tax rate 20.2% 25.2% 19.2% Profit after tax 110 91 21.1% 81 36.4% EPS (diluted) (Rs.) 1.81 1.50 1.33 CA P R I G LOB A L 39 CGHFL Balance Sheet : Quarterly Comparison* Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Paid-up equity 607 607 0.0% 607 0.0% Reserves and surplus 2,231 1,753 27.3% 2,123 5.1% Networth 2,838 2,360 20.3% 2,730 4.0% Borrowings 12,202 8,955 36.3% 10,650 14.6% Other liabilities and provisions 216 135 60.1% 354 -38.9% Total shareholders' equity and liabilities 15,257 11,450 33.2% 13,734 11.1% Cash and bank balances 353 1,422 -75.1% 324 9.2% Investments 1,931 982 96.6% 1,489 29.7% Assets under financing activities 12,768 8,924 43.1% 11,780 8.4% Other financial assets 25 31 -18.3% 15 68.0% Other non-financial assets 179 91 96.8% 126 41.8% Total assets 15,257 11,450 33.2% 13,734 11.1% * Q1FY22 balance sheet was not subject to audit review. CA P R I G LOB A L 40 CGCL Consolidated Income Statement : Annual Comparison Profit and Loss A/c (INR Mn) FY17 FY18 FY19 FY20 FY21 Interest income 2,021 3,219 5,307 6,700 6,735 Interest expenses 380 967 2,071 2,828 2,887 Net interest income 1,641 2,252 3,236 3,872 3,848 Other income 330 210 586 433 636 Fees 137 195 558 399 626 Other income 194 15 27 34 11 Net income 1,971 2,462 3,822 4,305 4,484 Operating expenses 878 1,285 1,790 1,732 1,520 Employee expenses 546 813 1,175 1,188 994 Other expenses 332 471 614 544 526 Operating profit 1,093 1,178 2,032 2,573 2,964 Provisions 137 95 165 353 607 ECL provisions 137 69 99 299 545 Write-offs 0 26 67 54 62 Profit before tax 955 1,082 1,867 2,220 2,357 Taxes 374 433 510 607 588 Tax rate (%) 39.2% 40.0% 27.3% 27.4% 24.9% PAT CAGR of 32% Profit after tax 581 649 1,357 1,612 1,770 FY17-FY21 Earnings per share (Diluted) (Rs.) 3.32 3.70 7.70 9.15 10.03 * FY17 reporting as per IGAAP, FY18 onwards reporting as per Ind-AS. CA P R I G LOB A L 41 I CGCL Consolidated Balance Sheet : Annual Comparison Balance Sheet (INR Mn) FY17 FY18 FY19 FY20 FY21 Liabilities Paid-up equity 350 350 350 350 351 Reserves 11,256 12,166 13,477 15,042 16,822 ... .... ...................! Networth 11,607 12,517 13,827 15,392 17,173 <:: .. Low leverage offers robust Borrowings 5,795 15,661 27,687 28,366 37,689 growth runway over medium term. Other liabilities 2,459 1,533 1,256 657 3,269 •· ................. :::: .. ...... . .. . . . . . . . . . . . . . . · . . , Total liabilities 19,861 29,711 42,770 44,415 58,131 '· . - . - - - - ~ · . . -·· ~ ··· 3 ·· x ·· · g ·· r · o -· wth in balance sheet in 4 t ...y..e..a..r..s......................... Assets Cash and equivalents 114 483 1,691 742 2,242 Investments 681 556 93 3,607 8,075 Loans 18,096 27,974 40,222 39,288 46,863 ~2.6x growth in loan book in 4 years. Other assets 970 698 764 777 951 ······ Total assets 19,861 29,711 42,770 44,415 58,131 * FY17 reporting as per IGAAP, FY18 onwards reporting as per Ind-AS. CA P R I G LOB A L 42 CGCL Consolidated Earnings : Du Pont Analysis RoA Tree (%) FY17 FY18 FY19 FY20 FY21 Interest income 12.2 13.0 14.6 15.4 13.1 Interest expenses 2.3 3.9 5.7 6.5 5.6 Net interest income 9.9 9.1 8.9 8.9 7.5 Other income 2.0 0.8 1.6 1.0 1.2 Fees 0.8 0.8 1.5 0.9 1.2 Other income 1.2 0.1 0.1 0.1 0.0 Net income 11.9 9.9 10.5 9.9 8.7 Operating expenses 5.3 5.2 4.9 4.0 3.0 Employee expenses 3.3 3.3 3.2 2.7 1.9 Other expenses 2.0 1.9 1.7 1.2 1.0 Operating profit 6.6 4.8 5.6 5.9 5.8 Provisions 0.8 0.4 0.5 0.8 1.2 ECL provisions 0.8 0.3 0.3 0.7 1.1 Write-offs 0.0 0.1 0.2 0.1 0.1 Profit before tax 5.8 4.4 5.2 5.1 4.6 Taxes 2.3 1.7 1.4 1.4 1.1 RoAs averaged Profit after tax (RoA) 3.5 2.6 3.7 3.7 3.5 3.5% FY17-FY21. * FY17 reporting as per IGAAP, FY18 onwards reporting as per Ind-AS. CA P R I G LOB A L 43 Way Forward… PRIGLOBAL CAPITAL LIMITED CA P R I G LOB A L 44 I Way Forward : FY22E and Beyond AUM growth has picked up momentum and we expect it to sustain in H2FY22, expect full year growth at +20% YoY. CGCL well poised to deliver a 22-27% CAGR FY22E-FY27E in AUM growth. Although asset quality warrants caution due to restructured portfolio, we expect risks to be temporary due to secured portfolio and subsequently recede. While credit costs have trended lower at 119bps (annualized) in H1FY22, our P&L is well positioned to absorb higher level if need be. Maintain Q4FY22 exit credit cost guidance of 120bps. Shall continue to expand physical presence and employee base, in-line with growth requirements, target of doubling the branch network in next five years. CA P R I G LOB A L 45 Medium Term Vision – Scale And Profitability FY22 FY27 CA P R I G LOB A L 46 ytirutaM I m Diversified Financial Conglomerate Rapid scale-up of business Starting Point • Deeper penetration of existing products Strategicplanbeing devised to • Leverage cross-sell •Drive growth through new products, potential markets, and channels, •Create efficient, scalable, and • Diversify to offer other digital processes financial products Advisor: BCG f r Leadership PRIGLOBAL CAPITAL LIMITED CA P R I G LOB A L 47 I Board of Directors & Strong Corporate Governance ........ ··········-:. . ......... .. :■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ --■■■■■■■■C■■■o■■r■p orate■■ G■■■o■■v■ ■e■■r■n■■a■■n■■c■■e■■ ■■■■■■••:■ ................................ i :. ................................................... . Rajesh Sharma, Managing Director Philosophy Founder & Promoter with over 2.5 decades of experience, Chartered Accountant o Good Board Practices AjitSharan, Independent Director Beni Prasad Rauka, Independent Director IAS -Batch 1979 with over 3 decades Group CFO-Advanced Enzyme o Control Environment of experience in varied aspects of Technologies; over 2.5+ decades of public administration experience, CA &CS o Transparent Disclosure (,- ····,.") BhagyamRamani, Independent Director DeshRaj Dogra, Independent o Well-defined shareholder right Ex-GM and Director of General Director Insurance Corporation; 3+ decades of EX-CEO and MD of CARE ratings o Board Commitment •, experience, MA (Economics Hons.) with over 4 decades of experience o Employee Empowerment Mukesh Kacker, Independent Director o Equitable treatment to all the EX-IAS Officer, Jt. Secy(GOI) with over 3 decades of experience, MA(Public stakeholders Policy), MA (Political Science) CA P R I G LOB A L 48 I ,... ........................................................................................................................................................................................ . Stable Leadership Team MSME/Housing Finance Construction Finance Corporate Functions Amar Rajpurohit (Business Head – Surender Kumar Sangar (Head – MSME & Home Loan) Ex-AU Ashok Agarwal (Associate Director CF) Ex-MD –Tourism Finance Financiers, Gruh Finance, DHFL –Accounts, Legal & Compliance) Corporation of India and GM with over 17 years of work Previously practicing CA with over Union Bank of India with over 40 experience, B.A., LLB 26 years of experience, CA and CS years of experience, BCom, CAIIB Vintage with CGCL: 3.5 years Vintage with CGCL: 13.5 years Vintage with CGCL: 5.5 years Prasanna Kumar Singh (Group Suresh Gattani (Associate Director Bhaskarla Kesav Kumar (Associate Collections Head) More than two Finance) Ex-Aditya Birla, two Director –Monitoring) Ex AGM decades of experience with decades plus experience in and Unit Head of Corporate various BFSI institutions; LLB, MBA accounts, finance, taxation and Relationships with SBI Vintage with CGCL: 7 months corporate planning Vintage with CGCL: 6.5 years Vintage with CGCL 15.5 years Bhavesh Prajapati (Head –Credit, Vijay Kumar Gattani (Senior Vice Risk & Policy) Ex-Aadhar Housing Vinay Surana (Head –Treasury) Ex- President –Credit) Ex-ICICI Bank, Finance, IDFC Ltd, DHFL with over Founding Member, Axis Bank debt Head of Credit & Policy-ICICI HFC 20 years of experience; MBA-ICFAI syndication with over 15 years of with over 15 years of experience, Vintage with CGCL: 3 years experience, CA CA Vintage with CGCL: 13 years. Vintage with CGCL: 6 years. Hemant Dave (Head -Operations) Yashesh Bhatt (VP -Compliance & Ex -Kotak Mahindra Bank, A. F. Technology Secretarial, CS) Previously Ferguson with over 23 years of associated with L&T Fin. Serv., experience, CA; Tata Hsg, M&M, RIL; 15 years of Vintage with CGCL: 8.5 years Rahul Agarwal (Chief Technology work exp; CS, LLB, MFM-JBIMS Officer) Ex-Policy Bazaar, Lava Vintage with CGCL: 1 month Bhupinder Singh (Head –Legal International, IndiaHomes.com Litigation) More than a decade with over 17 years of experience, experience with various NBFCs in M. Tech (IIT-D) providing legal advice Vintage with CGCL: 4 months Vintage with CGCL: 2 years CA P R I G LOB A L 49 I Key Partnerships Lenders ~ tr,, 3ll!li ~ ~ h3ffq;~ ~ «<f5 Canara Bank -#l Bank of Maharashtra ~ ~r~_..u....,_,.,, ~ Bank of Baroda ~ 11mtJl11'i1f11ta:l'Rl'l '!Tf<-!~~il'!Jl! UitillfrimUilik 11l. ~qcli ~ ~Ji\attfl.;,th> ~ ~ Indian Overseas Bank Punjab & Sind Bank -.W Indian Bank ~ ~ J1Jtr<1>'l IP1ftl i1>1 TiwT mdl ~Wt! O,.UIIUJ!lllllSI W W Good people to grow wtth State Bank of India ~~ UCOBANK /CIC/Bank l'lll'lfflll'1~) (AllMoli,l,u....,,1111 BANK NATIONAL BANK FOR ... ~ Elc5 I AGRICULTURE AND RURAL sidbi DEVELOPMENT NATIONAL NABARD HOUSING BANK CA P R I G LOB A L 50 Thank you For further information, please get in touch with: RavikantBhat Rajat Gupta ravikant.bhat@capriglobal.in rajat@GoIndiaAdvisors.com T: +91 72089 52880 M:+919971897739 Sheetal Khanduja sheetal@GoIndiaAdvisors.com M:+91 97693 64166 CA P R I G LOB A L 51