Whole-Time Director's Note
The financial year 2024-25 has been one of tremendous transformation and forward momentum for Gretex Corporate Services Limited. This year's theme Ascension perfectly captures our trajectory. But our ascent is not defined merely by financial metrics or the number of mandates executed. Instead, it is characterized by our growth in vision, versatility, and value creation. It is about the strategic bridges we build between capital and ambition, risk and innovation, and local enterprise and global aspiration.
At the heart of our journey lies our commitment to democratizing access to capital through Initial Public Offerings (IPOs) a domain in which Gretex continues to lead, especially for SMEs and emerging mainboard aspirants. FY 2024-25 marked a milestone as we helped several first-generation businesses transition from ambition to achievement.
"Ascension is not measured by scale alone, but by the value we create for businesses, investors, and the capital markets at large"
Our approach is simple but effective: we customize every IPO strategy based on the company's unique lifecycle, sector-specific compliance, and post-listing potential. From healthcare, fintech, agritech, and green energy to consumer goods and manufacturing, we have enabled capital market entry for enterprises driving India's innovation engine.
But our role is not limited to raising funds. We view IPOs as launchpads for sustainable futures enabling businesses to institutionalize governance, gain market visibility, and attract long-term investors. At Gretex, every IPO is a story of potential made visible
As a SEBI-registered market maker, Gretex plays a pivotal role in ensuring price discovery, liquidity, and post-listing stability for SME stocks. In India's evolving capital ecosystem, market making is no longer an optional service; it is a foundational pillar that builds investor confidence and issuer credibility.
We believe in discipline-led participation and real-time responsiveness, ensuring stability even during volatility. Our market-making vertical complements our IPO engine creating a seamless investor experience from listing to long-term holding.
What sets us apart is our ability to combine this technical function with a strategic outlook making market-making not just about numbers, but about nurturing investor ecosystems and amplifying capital stewardship.
India is witnessing a financial awakening like never before. With DEMAT accounts surpassing record highs, and a sharp rise in financial literacy across Tier II and Tier III cities, the scope of participation in equity markets is expanding.
Gretex is proud to be an active contributor to this shift. Through investor education, roadshows, and strategic tie-ups with wealth managers and financial advisors, we are working to deepen the participation of both retail and institutional investors.
Our aim is to convert India's saving culture into an investing culture. By building trust, improving access, and curating awareness, we are not just growing investor numbers we are strengthening India's capital foundation.
As India's economy matures, enterprises demand more than isolated advisory services they seek holistic capital solutions. In response, Gretex is building a full-spectrum merchant banking platform: from valuation and restructuring to private placements, debt syndication, and post-IPO compliance.
We're strengthening our presence across verticals, creating synergies between advisory, analytics, and execution. This isn't growth for the sake of expansion it is scaling with precision and purpose, always focused on delivering actionable value.
Our goal is to be not just a merchant banker, but a capital catalyst empowering enterprises to scale, enabling investors to trust, and supporting regulators to govern with confidence.
Our ascent is powered by more than strategy it is powered by belief. Belief in the Indian entrepreneur, belief in the investor ecosystem, and belief in our team and its unwavering commitment to service excellence.
As we look to the future, ourcompass remains steady: integrity,foresight, and results. I extend myheartfelt thanks to our clients,shareholders, regulators, andteam members for walking this purposeful path with us.
The climb is steep, but the view ahead is extraordinary. With every step, Gretex rises not just in size, but in significance to India's capital market journey.
Sumeet Harlalka
Whole-Time Director
Gretex Corporate Services Limited