Page 31 - Arvind 2024

Corporate Overview
Statutory Reports Financial Statements
Finance
Belair, Bengaluru
Overview
The Company’s financial foundation has been structured around adequate net worth, absence of debt and a promoter commitment to infuse capital whenever necessary (Rs. 51 Cr in May 2016, Rs. 53 Cr in February 2018, and Rs. 35 Cr in October 2021) in addition to an exercise of 28,50,000 warrants of the Company by the CEO, investing Rs. 29 cr into the Company’s net worth. The result is that at Arvind SmartSpaces there is a complete alignment of senior management interests with the corporate priority and strategic direction.
The Company has been built around financial discipline. This discipline has been marked by cost efficiency (sourcing new projects or leveraging digital
sales to optimise marketing expenditure or the procurement of building material). Besides, this discipline has been reinforced through checks, balances, industry benchmarking and data-driven decision making.
The outcome of this discipline is manifested in the Company’s consistent outperformance. The Company’s robust cash flows and profitability are higher than the industry benchmark; they underscore the management’s
oversight across acquisition, launch, and execution cycles, driving projects and corporate profitability.
Our strategic goal
At Arvind SmartSpaces, we believe that business sustainability is catalysed by competent cash
flow management coupled with a low borrowing. At the Company, these realities have been derived through accelerated sales within a compressed period; the Company focuses on 30-40% sales during the pre-launch and launch stages to create an initial momentum that moderates subsequent working capital borrowing and ensures
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