Indian Infotech and Software Ltd Management Discussions.

The Management of INDIAN INFOTECH & SOFTWARE LIMITED in its Analysis Report has highlighted the performance and outlook of the Company in order to comply with the requirement of Corporate Governance as laid down in Schedule V of Regulations 34 (3) and 53 (f) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 of the Listing Agreement. However, investors and readers are cautioned that this discussion contains certain forward looking statements that involve risk and uncertainties. The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013, guidelines issued by Securities and Exchange Board of India (SEBI) and Generally Accepted Accounting Principles (GAAP) and Accounting Standards in India. Our management accepts responsibility for the integrity and objectivity of these financial statements, as well as for various estimates and judgments used therein. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, so that the financial statements reflect in a true and fair manner the form and substance of transactions, and reasonably present our state of affairs, profits and cash flows for the year.


Non-banking finance companies (NBFCs) continued to play a critical role in making financial services accessible to more of India’s population. Given their unique business models and, for many, their focus on operational excellence, NBFCs should continue to strengthen their position in the financial services space in India. The Union Budget has clearly stated that an NBFC registered with the RBI with asset size of Rs. 500 crore or more will be considered as a ‘Financial Institution’ in terms of SARFAESI Act, 2002. This has been a long-standing demand of NBFCs and will help these institutions in more rapid recovery of dues from persistent defaulters, and thus provide a level playing field with banks.

The Company IISL focuses on Consumer Lending, SME Lending, and Commercial Lending.


The Company is a registered NBFC and it has been periodically complying all the Compliances as required under the NBFC regulations. Further, the Company has not accepted any deposits from the public.

The certificate of registration as an NBFC is prevalent on the date of signing this report.

The Company is a NBFC Company and principle business activity of the Company is Finance and loan.

The Company has finance its funds to the customers as per the policy of the Company and the finance is principle business activity of the Company and also Company has invested into share and securities and the funds deployed so far is out of its own account, the Share Capital Reserves and Share Premium Account.

India is a leading Country in development and continuously developing is going on and finance is back bone for the development and which is used for different segment for development of country. Being a sunrise sector there is vast scope for finance sector. The management is exploring new areas of business opportunities to its business.


We believe our competitive strengths include:

• Leadership in sophisticated solutions that enable our clients to optimize the efficiency of their business. • Commitment to excellent services and process execution. • Strong and long-standing client relationships. • Innovation and leadership.

The management looks with optimism about the growth in its business. There are no perceived threats to the business of the Company.


This section contains forward looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these statements.

As the industrial and economic growth of the country is showing steady improvement. There is no perceived risk and concern in this area of business and there is an ample scope for growth in India itself, As an NBFC, IISL is exposed to credit risk, liquidity risk and interest rate risk, it has in place a strong risk management team and an effective credit operations structure.

Its risk management policies continue to segregate the functions of Risk Management Committee to focus on working of finance approval system and policy of the Company respectively. Forward looking statements are based on certain assumptions and expectations of the future events that are subject to risks and uncertainties. Actual future results and trend may differ materially from historical results, depending on variety of factors. There risk and concerns faced by the Company are similar to those faced by any growing organization in today dynamic industrial and economic scenario.


Your Company ensures adherence to all Internal Control policies and procedures as well as compliance with all regulatory guidelines. The adequacy of internal controls is reviewed by the Audit Committee of the Board of Directors.

The Company’s internal control systems are adequate, considering size and nature of operation of the Company, to meet regulatory/statutory requirements assure recording of all transactions and report reliable and timely financial information. Additionally, it also provides protection against misuse or loss of any of the company assets.


The Company’s Profit after tax is Rs. 8,217,159/- during the current financial year ended on 31.03.2019 as compared to profit of Rs. 9,111,726/- in previous year ended on 31.03.2018.


With the integration of markets and services of finance & Investment on wider scale, there has been a sea-change in the way the businesses are conducted today. The industry needs to update itself with such changing requirements. One of the ways of meeting this task is to equip the personnel working in the industry with the skills and knowledge of the latest. The Company is endeavoring to strengthen its man power.


During the period under review, Consolidated Financial Statements are not applicable to the Company.


Statements in this Management Discussion and Analysis describing the Company’s objectives, projections, estimates, expectations or predictions may be ‘forward - looking statements’ within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of future events, or otherwise. Readers are cautioned not to place undue reliance on this forward looking statement that speaks only as of their dates.

Reg. Office: For Indian Infotech and Software Limited
Unit No: 518, 5th Floor, Anjani Complex,
Parera Hill Road, Andheri (East) Mumbai City MH 400099, Sd/-
Nanda Dulal Dey
Date: 02.09.2019 Din: 08390404