As we reflect on the financial year 2024-25, I feel immense pride and gratitude in witnessing the
phenomenal transformation of Gretex Corporate Services Limited a journey that echoes the very theme of
this year's report: Ascension.
View on Capital Markets and A Year of Strategic Growth
This ascension is not merely symbolic; it is structural, strategic, and measurable. Across every domain
from investment banking to valuation, corporate restructuring to capital market advisory we have not
only scaled new heights but brought purpose, precision, and perspective to every client engagement. Our
rise is deeply rooted in clarity: clarity in financial storytelling, in regulatory navigation, and in
unlocking long-term value for our stakeholders.
"In the journey of ascension, true value lies not just in numbers, but in the clarity we bring to
every strategic decision."
Our Corporate Advisory Services division continues to be the cornerstone of our strategic direction. In a
world characterized by volatility, regulatory fluidity, and evolving market expectations, businesses
seek more than transactional support they seek trusted partners who can decode complexity and create
clarity. At Gretex, we position ourselves not just as consultants but as growth architects.
This year, we led a dynamic range of mandates from mergers & acquisitions, capital restructuring, and
succession planning, to business model re-engineering and strategic pivots. What differentiates us is
not just our technical proficiency but our ability to connect with promoters, private equity investors,
and institutional stakeholders at a deeply strategic level providing not only answers, but
insight-backed direction.
Every engagement we take on is built on the foundation of industry benchmarking regulatory foresight,
scenario planning, and capital structuring. In a world that demands speed, we emphasize clarity because
we believe clarity leads to conviction, and conviction leads to capital.
As India's capital markets evolve and capital becomes more democratized, valuation has emerged not just
as a function, but as a pillar of strategy. Be it fundraising, compliance, or internal governance, a
precise valuation narrative determines a company's path forward.
In FY 2024-25 alone, we delivered100+ valuation mandatesspanning equity, securities,intangibles, IPR, and
startupvaluations. Our multi-dimensionalapproach blends financialmodeling, sector-specificintelligence,
ESG integration, andcomparative benchmarking. Weare also actively investing inAI-driven valuation
tools,predictive frameworks, andnext-gen models to stay ahead ofthe curve in a fast-evolving digital
economy.
Our valuation practice today is not just a support service; it is a strategic vertical that strengthens
decision-making and sharpens investor dialogue particularly in early-stage ecosystems, private equity
transactions, and mainboard transitions.
At the core of our success is our unwavering focus on trust and executional integrity. Each milestone we
cross whether it's a public listing, capital raise, or advisory mandate is rooted in robust governance,
airtight confidentiality, and regulatory rigour.
We concentrate not just on the volume of mandates, but on the quality of outcomes. Every project is
vetted, mapped, and executed with senior-level involvement, supported by robust legal, financial, and
compliance frameworks. We also continue to invest in digital platforms and automation tools to drive
faster execution, reduce errors, and improve documentation.
Our ability to blend human insight with technological efficiency sets us apart in today's landscape,
where speed must be matched with substance.
Gretex Corporate Services Limited is proud to be part of India's rise as a global financial epicenter. As
entrepreneurship flourishes across regions and regulatory reforms attract global capital, the role of a
progressive merchant banker becomes more vital than ever.
Whether enabling IPOs for first-generation entrepreneurs or delivering seamless valuations for VC-backed
enterprises, we are not just facilitating transactions we are empowering transformation. We remain
deeply committed to nurturing India's capital market ecosystem with professionalism, prudence, and
purpose.
Our journey of ascension is not one of chance but of consistent conviction powered by our people, driven
by our clients, and reinforced by a nation rising with ambition. I believe the future belongs to
institutions that balance strategy with sensitivity, and growth with governance.
As we move forward, Gretex will continue to lead with clarity, adapt with agility, and serve with
integrity. I extend my deepest appreciation to our clients, team members, board, and stakeholders for
your unwavering trust. Together, we will keep rising not just in scale, but in significance.
Arvind Harlalka
Whole-Time Director
Gretex Corporate Services Limited
