Analysts/Institutional Investor Meet/Con. Call Updates PTC India Limited has informed the Exchange about Transcript · 2024-02-16
Sir, my question is regarding PTC Financial Services. Sir, business wise, the Company is looking very bad, although it had some problems of course recently, but in the last 5 years, 5 years back, it has a book size of Rs. 13,500 crores, now it has declined to almost Rs. 6,500 crores despite a strong team deployed over there and no visibility is being seen when we go to the investor meet over there, they say that the Company’s parent Company is planning to deploy a CEO over there, but no concrete answer is being given. What is your plan about the PFS , sir? How can the Company recoup its business and go in a g rowth momentum phase? Currently, its book size is falling every quarter since la st 5 years. How can you correct this asymmetry with your subsidiary?
Sir, as a parent Company, you must be monitoring their performance, so why didn't you? Your Company had been taking action in last 5 years when the business was dropping from Rs. 13,500 crore to Rs. 6,500 crores?