Akiko Global Services Ltd Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Akiko Global Services Ltd?

Akiko Global Services Limited, which began its operations in June of 2018, is a remarkable Indian company that sells and markets financial products, including credit cards and personal loans. Having worked for over six years, Akiko has established itself as an essential business associate for many banks and NBFCs in India.

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1- Distribution of Credit Cards 

• Akiko works with major banks to market and issue various types of credit cards. Utilizing effective telemarketing and an extensive field-based selling strategy, Akiko can target specific customers whose expenditures can accommodate purchasing the cards offered. 

2- Disbursement of Personal Loans

• Akiko assists those obtaining personal loans by arranging them with the appropriate banks and NBFCs. The company uses a complete digital CRH system that seamlessly automates the collection and processing of data needed to evaluate loan applications for easier and more secure management of customers' information. 

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3- The Money Fair

• Akiko's most crucial development is "The Money Fair", an information technology application that facilitates the distribution of these financial products. This application employs advanced technology that enables it to collect and process data to analyze the credit ratings of prospective customers. It is designed to improve customers' chances of obtaining the loans or credit cards they want by giving an overview of the various financial instruments that best meet their needs. 

4- Focus on Operational Efficiency

• As of April 30, 2024, Akiko has a headcount of 418 permanent staff, including the directors and other key management personnel. The employees are responsible for implementing the company's telemarketing and field sales activities and are required to spearhead the mobilization of these services. Likewise, applying sophisticated CRM systems guarantees that issues about customer information are managed securely and competently, which builds confidence among clients and other business associates. 

5- Financial Performance 

• Akiko's financial trends portray its immense growth and effective entrepreneurial assumption. From March 30 2021, to March 31 2023, the company assets increased from 23488 lakhs to 113087 lakhs, and revenue increased from 61078 lakhs to 395897 lakhs in the sought period. Similarly, the profit after tax estimate grew from 2298 lakhs to 45326, indicating operational efficiency and overall business health. 

6- Public Offering and Market Presence 

• In June 2024, the company launched its first IPO, making 3001600 shares available for purchase, aiming to raise 23.11 cores. The offer was met with a 35.04 investor purchase, showing a strong company endorsement. From July 2 2024, the share pricing was set at 98.0 with an unmatched rise, shouting a new era in Akiko's business development. 

7- Future Initiatives 

• The money earned from the IPO will enhance Akiko's marketing and operational strategy. These initiatives entail deploying ERP themes and TeleCRM systems, creating mobile applications for financial product solutions, fulfilling working capital requirements, and improving brand visibility and awareness for Akiko Global and The Money Fair, in particular.

Question 2: Who are the promoters of Akiko Global Services Ltd?