Onelife Capital Advisors Ltd Management Discussions

GLOBAL ECONOMY OVERVIEW

The global economy is stabilizing, following several years of overlapping negative shocks. Despite elevated financing costs and heightened geopolitical tensions, global activity firmed in early 2024. Global growth is envisaged to reach a slightly faster pace this year than previously expected, due mainly to the continued solid expansion of the U.S. economy. However, the extent of expected declines in global interest rates has moderated amid lingering inflation pressures in key economies. By historical standards, the global outlook remains subdued: both advanced economies and emerging market and developing economies (EMDEs) are set to grow at a slower pace over 2024-26 than in the decade preceding the pandemic

Inflation continues to wane globally, making progress toward central bank targets in advanced economies and EMDEs, but at a slower pace than previously expected. Core inflation has remained stubbornly high in many economies, supported by rapid growth of services prices. Over the remainder of 2024, continued tight monetary policy stances and slowing wage increases should help reduce inflation further. By the end of 2026, global inflation is expected to settle at an average rate of 2.8 percent, broadly consistent with central bank targets.

Global trade in goods and services was nearly flat in 2023 the weakest performance outside of global recessions in the past 50 years. Amid a sharp slowdown in global industrial production, the volume of goods trade contracted for most of 2023 and fell by 1.9 percent for the year as a whole.

Global trade growth is projected to pick up to 2.5 percent this year, a significant improvement from last year but well below the average rates observed in the two decades preceding the pandemic

The good news is that global growth is holding steady, having slowed for three consecutive years. Inflation has been cut to a three-year low. Financial conditions have brightened. The world economy, in short, appears to be in final approach for a "soft landing."

Yet, more than four years after the upheavals of the COVID-19 pandemic and subsequent global shocks, its clear the world and developing economies, in particular has yet to rediscover a reliable path to prosperity. Global growth is stabilizing at a rate insufficient for progress on key development goals 2.7 percent a year on average through 2026, well below the 3.1 percent average in the decade before COVID-19. By the end of this year, one in four developing economies will be poorer than it was on the eve of the pandemic.

By 2026, countries that are home to more than 80 percent of the worlds population would still be growing more slowly, on average, than they were in the decade before COVID-19. Without better policies, it would take a stroke of luck for that outlook to improve: global interest rates are expected to average 4 percent through 2026, double the average of the previous two decades.

INDIAN ECONOMY OVERVIEW

Indias economy has been buoyed by strong domestic demand, with a surge in investment, and robust services activity. It is projected to grow an average of 6.7 percent per fiscal year from 2024 through 2026 making South Asia the worlds fastest-growing region.

In India, growth is estimated to have picked up to 8.2 percent in fiscal year (FY) 2023/24 (April 2023 to March 2024) 1.9 percentage points higher than estimated in January. Growth in industrial activity, including manufacturing and construction, was stronger than expected, alongside resilient services activity, which helped offset a slowdown in agricultural production partly caused by monsoons. Growth of domestic demand remained robust, with a surge in investment, including in infrastructure, offsetting a moderation of consumption growth as post pandemic pent-up demand eased.

India will remain the fastest-growing of the worlds largest economies, although its pace of expansion is expected to moderate. After a high growth rate in FY2023/24, steady growth of 6.7 percent per year, on average, is projected for the three fiscal years beginning in FY2024/25. This moderation is mainly due to a slowdown in investment from a high base. However, investment growth is still expected to be stronger than previously envisaged and remain robust over the forecast period, with strong public investment accompanied by private investment. Private consumption growth is expected to benefit from a recovery of agricultural production and declining inflation. Government consumption is projected to grow only slowly, in line with the governments aim of reducing current expenditure relative to GDP.

In FY 2023-24, the CPI inflation averaged 5.4 percent with rural inflation exceeding urban inflation. Lower production and erratic weather led to a spike in food inflation. In contrast, core inflation averaged at 4.5 percent, a sharp decline from 6.2 percent in FY 23. The softening of global commodity prices led to a moderation in core inflation. In India, inflation has kept within the Reserve Banks target range of 2 to 6 percent since September 2023

The nations foreign exchange reserves achieved a historic milestone, reaching $645.6 billion. The credit quality of Indian companies remained strong between October 2023 and March 2024 following deleveraged Balance Sheets, sustained domestic demand and government-led capital expenditure. Rating upgrades continued to surpass rating downgrades in H2 FY24. UPI transactions in India posted a record 56 per cent rise in volume and a 43 per cent rise in value in FY24.

INDIAN FINANCIAL INDUSTRY OVERVIEW

The countrys financial services sector consists of capital markets, the insurance sector and non-banking financial companies (NBFCs). In 2023, Indias gross savings stood at 30.2% of GDP. The number of Ultra High

Net Worth Individuals (UHNWI) is estimated to increase from 12,069 in 2022 to 19,119 in 2027.

Indias UHNWIs are likely to expand by 63% in the next 5 years. India is expected to have 16.57 lakh HNWIs in 2027. India has scored a perfect 10 in protecting shareholders rights on the back of reforms implemented by the Securities and Exchange Board of India (SEBI) in the World Banks Ease of Doing Business 2020 us

Indias Mutual Fund industry has experienced immense growth. In May 2021, the mutual fund industry crossed over 10 crore folios. As of March 2024, AUM managed by the mutual funds industry stood at Rs. 53.40 lakh crore (US$ 641.75 billion).

Inflow in Indias mutual fund schemes via systematic investment plans (SIP) from April 2023 to March 2024 stood at Rs. 2 lakh crore (US$ 24.04 billion). Equity mutual funds registered a net inflow of Rs. 22.16 trillion (US$ 294.15 billion) by the end of December 2021. The net inflows were Rs. 7,303.39 crore (US$ 888 million) in December as compared to a 21-month low of Rs. 2,258.35 crore (US$ 274.8 million) in November 2022. About 18% of assets in the mutual fund industry were generated from B30 locations in April 2024. These assets increased by 3%, from Rs. 9.83 lakh crore (US$ 118.13 billion) in March 2024 to Rs. 10.16 lakh crore (US$ 122.10 billion) in April 2024.

The Government of India has taken various steps to deepen reforms in the capital market, including simplification of the IPO process, which allows qualified foreign investors (QFIs) to access the Indian bond market. In 2019, investment in Indian equities by foreign portfolio investors (FPIs) touched a five-year high of

Rs. 101,122 crore (US$ 14.47 billion).Investment by FPIs in Indias capital market reached a net Rs. 11,631 crore (US$ 1.42 billion) in April 2023. Investment by FPIs in Indias capital market reached a net Rs. 12.52 lakh crore (US$ 177.73 billion) between FY21 (till August 10, 2020).

In FY22, US$ 14.55 billion was raised across 127 initial public offerings (IPOs). The number of companies listed on the BSE increased from 135 in 1995 to 5,357 as of March 2024. Indias market capitalization had surged by 25% from October 2021, it was at US$ 3.15 trillion. Indian stock market rally made investors Rs. 80.62 lakh crore (US$ 973.67 billion) in 2023 and Sensex reached an all-time high of 76,009.68 on May 27,

2024. According to Goldman Sachs, investors have been pouring money into Indias stock market, which is likely to reach >US$ 5 trillion, surpassing the UK, and become the fifth-largest stock market worldwide by 2024.The number of companies listed on the BSE increased from 135 in 1995 to 5,357 as of March 2024.

INDUSTRY OVERVIEW- COMPANY PERFORMANCE

The expertise of Onelife Capital Advisors Limited (OCAL) lies in identifying opportunities for growth and channeling investments, talents, customers and implement systems and processes to achieve the end objectives. To aid such businesses, your Company has developed industry specific software to gain depth and control over the business modules with systems and procedures to enhance customers journey, improve transparency and generate crucial buyer growth.

During the year, Onelife Capital Advisors Limited was in the process of developing and exploring the opportunities in the Broking services, E-commerce and Information technology (IT) Services. For gaining expertise in the IT sector, the Company has increased the employees in the IT team and trying to retain employees with maximum talent which will strive the company to grow in the IT, Artificial Intelligence (AI) and Data Science sectors. The Company is planning to diversify the business and increase the scope of growth of the Company as it has started growing in sectors of Financial Services after making the strategic investments in Dealmoney Group companies. The strategic objective is to build sustainable organizations that remain relevant to the agenda of the clients, while creating growth opportunities for the employees and generating profitable returns for the investors. Many of the businesses where we are operating and intend to operate are highly regulated. Hence, all our final management decision will be based on regulator and market growth considerations based on our business strengths.

The Onelife Capital Advisors Limited (OCAL) has developed many software during the past few years. Some of them are under the testing stages and few software are ready to use. The Company is using some of these software for testing purposes in its group companies. The highlights of some of the developed software are as under:

The Holding Company has developed many software and plans to market them under the common brand named "Ready" signifying the business readiness of our software and has a impressive portfolio of software developed in the Financial Services, Healthcare, Automobiles, Real Estate, Inventory Modules, Human Resources Management System, Franchise/Partner Management System, Lead and Marketing Management System.

The Broking software gives entire details about the back office operations, online e-KYC, investment in Mutual Funds and online/offline insurance and its premium comparison with different insurance companies. It gives details about the upcoming IPOs. The software also generates research reports of all the leading companies from different industries, and advice about the different products of the financial market. The company also gives advice for the loan syndication with the different banks/financial institutions and NBFCs.

The Healthcare software is named "Ready HMS". This software gives entire details from the entry of the patients till he gets discharged from the hospital. It provides entire information about the patients, consumptions of the medicines, investigation reports, and visits of the doctors. It helps in providing details of TPA patients insurance company wise, age wise, etc. The software provides the online consultation with doctors, delivery of the medicines pan India basis, maintaining of the inventory at pharmacy and hospital consumables.

Automobile Software deals with Aggregator model, Dealer Model, Spare part Model and Garage Model. In brief one can engage with different dealers, garages and shops of the automobiles parts across India.

The Company has also developed software relating to Human Resources, processing of attendance, salaries and other different mandatory government records relating to staff.

The Real Estate modules gives the entire details builder wise, area wise, city wise, budget wise, property available, on sale and rental basis.

Partner Management System, Lead Management System and Marketing Management System, these software are generally used by the Financial Service segment, the broking franchises, and their sub-brokers. By use of LMS, the Company can track lead status and its conversion into the final business.

Moreover, the Companys Subsidiary namely Dealmoney Commodities Private Limited has received approval for merging with Dealmoney Securities Private Limited from the National Company Law Tribunal. Hence, Dealmoney Securities Private Limited becomes the direct subsidiary Company of Onelife Capital Advisors Limited thus adding the richness of broking business and helping the Company to expand the boundaries into other market profiles.

During the FY your Companys standalone income stood at Rs. 622.90 Lakhs. The Company reported a loss after Tax of Rs. 3.38 Lakhs. The consolidated income has increased compared to last year from Rs. 542.32 lakhs to Rs. 4017.06 Lakhs. With our ongoing strategy to keep growth and investments as the key focus area in place to handle future business, we are hopeful that all our efforts will converge into real value creation for all our stakeholders in the coming times.

The Company has subsidiaries namely "Eyelid Infrastructure Private Limited", "Dealmoney Insurance Broking Private Limited", "Dealmoney Distribution And Advisory Services Private Limited", "Dealmoney Commodities Private Limited", "Dealmoney Financial Services Private Limited", and "Sarsan Securities Private Limited".

The above subsidiary companies are engaged in the business of broking of shares, commodities and currencies. The companies are also engaged in the insurance business, both life and general (mediclaim and other non life insurance), investment in Mutual funds, advisory business. Sarsan Securities Private Limited is a NBFC and the company is exploring and trying to expand new opportunities in the NBFC sectors.

The fast pace of technology change and the need for technology professionals who are highly skilled in both traditional and digital technology areas are driving businesses to rely on third parties to realize their business transformation. Several new technology solution and service providers have emerged over the years, offering different models for clients to consume their solution and service offerings, such as data analytics companies, software-as-a-service businesses, cloud platform providers, digital design boutiques, and specialty business process management firms.

The Company is expanding in the IT sector knowing the importance of technology in the current scenario. The Company is in the process of development and upgradation of applications/softwares and exploring new ideas in the software development sector. Fresh and young minds are hired for the Company into the IT department to explore innovative and unsullied developments.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System commensurate with its requirement and size of business to ensure that the assets and interest of the Company assets are safeguarded. The adequacy and effectiveness of the internal control across various activities, as well as compliance with laid down system and policies are comprehensively and frequently monitored by your Companys management at all the levels of the originations. The Company has established well defined policies and process across the originations covering all major activities including authority for approvals in all cases where monetary decisions are involved, various limits and authorities are in place.

The Audit Committee of the Board of Directors review the Existing audit procedures and internal systems of control on an ongoing basis keeping in mind the organizations requirements, growth prospects and ever evolving business environment.

They also review the internal audit findings and recommendations and ensure that corrective measures are implemented.

OPPORTUNITIES AND THREATS

Opportunities

? A positive long-term economic outlook will lead to opportunities for financial services

? Growing Financial Services industrys share of wallets for disposable income

? Regulatory reforms would aid greater participation by all classes of investors

? Leveraging technology to enable best practices and processes

? Corporate looking at consolidation/acquisitions/ restructuring opens out opportunities for the corporate advisory business

Threats

? Execution risk

? Short-term economic slowdown impacting investor sentiments and business activities ? Slowdown in global liquidity flows ? Increased intensity of competition from local and global players ? Market trends making other assets relatively attractive as investment avenues

OUR STRENGTHS

1. Focus on Technology and Analytics

In todays data driven world we need strategic leverage technology and analytics. We use technology for our innovative products and Services that address customers needs and stand out in markets. We also utilize our data analytic tools and make data driven decisions. We continuously monitor and evaluate the performance of our technology and analytics initiatives.

2. Differentiating our Services

Our Company enables customers with an experience of strategic propelling of their business by providing customized and value-added services. We meet the customers need in the most effective and efficient way by reaching out to their underlying needs and declogging their business perspectives. We achieve this by blending creativity and service at a reasonable cost vis-?-vis their growth aspirations.

3. Improved Customer Experience

Digital transformation provides customers with a seamless and convenient experience. Todays tech-savvy customer expects fast-paced services, and digitization takes financial services to their fingertips. It helps financial service companies positively engage customers and offer personalized products and services. It enables customers to access financial assistance anytime and from any location, improving their satisfaction with the services.

4. Professional and Experienced Management Team

The management team has immense knowledge of our industry. They also have rich experience in various industries. The Promoters and Directors have been involved in the day- to- day business and management of our Company. We also have a dedicated and experienced management group who are in charge of operation, quality management and delivery to each of our customers and functions well as a team along-with the expertise and vision to expand our business. We believe that our management teams experience and their understanding of the relevant industry will enable us to continue to take advantage of both current and future market opportunities.

OUR STRATEGIES

1. Enhancing our brand image

We are looking to enhance our recognition in current competitive market through Quality Products and

Services, exceeding customers expectations, consistent Branding and Building relations with customer will enhance our brand image and reputation.

2. Customer Relationship Management

We are in the highly competitive Industry, building Strong relationships with customers is extremely important and strategic. A focused Customer Relationship is key to understanding, Satisfying and keeping customers in this field by following comprehensive customer Relationship, Our Company cannot only build and maintain strong relationships with customer but also become a trusted partner in the industry. This leads to increase customer loyalty, higher customer lifetime value, and competitive advantage in constantly changing markets.

3. Continuous Improvement and Innovation

We are focusing on a culture of innovation and continuous improvement within our Company. Our Company encourages employees to think creatively, experiment with new ideas, and embrace emerging technologies to stay ahead of the curve and drive growth.

RISKS AND CONCERN

Risk is an integral part of the business and we aim at delivering superior shareholder value by achieving an appropriate balance between risks and returns. Our senior management identifies and monitors the risks on an ongoing basis and evolves process/ systems to monitor and control the same to contain the risks to minimum levels. Ongoing monitoring by our officials help in identifying risks early. The financial service industry is subject industry is subject to continuously evolving legislative and regulatory environment due to increasing stringent regulatory framework.

HUMAN RESOURCES

Onelife Capital Advisors Limited is an organization where dynamic and progressive work culture is promoted and actively fosters a challenging work environment and encourages Entrepreneurship. With trust being the critical part of our business belief, we lay a strong emphasis on integrity, teamwork. Our Professional staff with diverse backgrounds brings varied talent, knowledge and experience to the Group, helping our business to remain competitive, achieve greater success and newer milestone.

The company emphasizes continuous training to enhance employees skills and competencies, ensuring effective job performance. Employee incentivization, professional growth and recognition are core elements of human resource management, improving job satisfaction and overall quality of life. Our Talent Management Process & Practices like identifying, developing, engaging, nurturing, succession planning enables to build sustainability for future growth. We are actively focused on developing people manager capabilities to foster a culture of development, transparency, and meritocracy. To develop & nurture the talent, we provide different learning avenues like classroom, on the job, mentoring & digital.

INVESTOR RELATIONS

We consider investor relations to be an important aspect of our business as we believe in building transparent and open relationship with our stakeholders. As a listed Company, we are now laying even greater emphasis on our investor relations program to provide our investors, analysts and other stakeholders with a complete and accurate picture of the Companys past and current performance and the prospects and strategies for the future.