Dear friends and well-wishers of Kampani Capital,
I write this newsletter to you as we get into the business end of this financial year. The period from August to December accounts for a large part of sales for a lot of sectors in India and this year looks nothing different. Consumer sentiment across the large metros as well as tier2-3 cities has continuously been showing an upward trend. Infact its not only sentiment but the numbers are proof of the booming Indian economy. On the financial services side, India’s largest lender and state-owned bank clocked its highest ever quarterly profit in Q1 FY 24 backed by a strong demand in corporate loans and improving asset quality. We also saw the highest ever I phones being sold in India in the June quarter on the back of 2 Apple Stores being opened in Mumbai and Delhi. The FMCG sector which has been a bit of laggard over the last few quarters due to higher inflation is now also showing green shoots across sectors like soaps, toothpastes, washing care and personal care.
While the old economy shows strong signs of growth, the new age sectors continue to attract the interest of global as well as local investors. We were fortunate enough to be invited to 2 Fintech events conducted by prominent institutions over the last one month. One of them was hosted by a very well reputed “Made in India – for the world” education behemoth in Pune and the other was hosted by a prominent Delhi based Industrial chamber at GIFT City. The common theme of our discussions was the evolution of Fintech and how this ecosystem has redefined the way we transact with each other. The paradigm shift in Banking, Insurance, Payments, Lending, Transaction Processing and Wealth Management has seen investments of close to USD 26 Bn $ over the last 10 years with the total market size of Fintech estimated to reach USD 2 Tn by 2030.
At the end I would like to thank all our clients who took time to meet us during our roadshows in Bangalore, Pune and GIFT City over the last one month. We look forward to meeting more of you over the next few months heading into an era of partnerships and collaborations. Watch this space as we take India to the world and bring the best of the world to India…
Yours truly
Amar Kampani
CEO and Founder,
Kampani Capital (a division of Anak Consulting LLP)
28th Aug 2023
