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Large customer base |
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PGFICL brings a large pool of potential Retail Customers.
Currently, PGFICL has an active retail deposit customer base
of 8 million having serviced over 45 million since inception
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80% of the active customer base of PGFICL are located in
areas of rising affluence, i.e. Tier 2 and Tier 3 cities,
which are expected to drive retail AUM growth in future
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Distribution Platform |
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PGFICL’s distribution infrastructure comprises 147 branches
and 69,889 sales agents servicing clients across 140
locations
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80% concentration is in towns of rising affluence (Tier 2
and Tier 3 towns)
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Recognized Brand |
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Peerless has been in existence for over 75 years and has
strong recall in East and South India
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Financial strength
- Ability to commit capital towards building the asset
management business |
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Net owned Funds of over USD 200 million (INR 10 billion) as
of FY 09
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Public Deposits of USD 860 million (INR 43 billion) – all
others as FY08
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Investments of USD 951 million (INR 47.5 billion)
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Healthy profitability of USD 47 million (INR 2 billion)
(Profit Before Tax) yielding a margin of 39.8%
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Peerless group is a diversified business house with interests
in Financial Services, Healthcare, Hotels, Travel,
Construction and Social Services. |
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Peerless group’s mainstay is Financial Services businesses
with strengths in mobilizing & managing Retail Deposits,
Distribution of Financial Products, Stock broking & Investment
Advisory |
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|
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The deposits under management as on 31 March 2008 were USD 860
mn. |
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PGFICL currently has an active base of 9 mn retail deposit
customers having serviced approximately 45 million retail
deposit customers since inception |
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PGFICL has built a pan-India distribution network comprising
69,889 sales agents and 147 branches covering 140 locations |
