Safa Systems & Technologies Share price

The Company is founded and promoted by Mr. Faizal Bavaraparambil Abdul Khader Mr. Bavaraparambil AbdhulkadherHydrose and the promoter group includes Ms. Sruthi Muhammed Ali Ms. Arakkal Ayyoob Soumya Mr. PathukunjuParayankudy Abubacker Mr. Bavaraparambil Ayyoob Abdul Khader Mr. Anaz Abdul Khader Bavaraparambil in the year2021 by way of conversion of a Partnership Firm named “Safa Systems & Solutions” and to continue the similar and related business activity in the name of the company. This was done to corporatize and build a professionally managed and Board driven organization.Mr. Bavaraparambil Abdhulkadher Hydrose (Father of Mr. Faizal Managing Director and Promoter) started his businessjourney in the year 1975 as a wholesale trader of Lemon Arecanut and Spices etc. Later on he also ventured into manufacturing of Slippers and Plywoods.Since the year 2002-03 the elder sons of Mr. B H Abdul Khader Mr. Faizal B A also stepped into the business. Mr. Faizal BA a commerce graduate and a person who once aspired to become a Chartered Accountant dropped his CA ambitions to join the family business. Sooner His Brother Mr. Ayyoob B A also joined the family business following his brother and was supported by his youngest brother Mr. Anas B A who is a B.Tech Graduate also joined the business and they diversified into electronic and mobile equipment business. They formed a partnership firm “Safa System & Solutions” in 2012 having 7 family members as partners.Safa Systems & Solutions started its business in the year 2012 as a new entrant in the field of telecommunication and itsaccessories. We were appointed as all Kerala distributor for Micromax Smartphones and the initial year turnover i.e. in the financial year 2012-13 was Rs.7.84 crores. In the financial year 2013-14 we crossed a turnover of Rs.51.24 Crores. In the year 2015 we also made an arrangement with Micromax for its Feature Phones distributions in the State of Kerala and in the financial year 2014-15 and 2015-16 we crossed a net turnover of Rs.94.98 Crores and 90.90 crores respectively. In the Financial year 2016-17 the net turnover dropped to Rs.73.30 crores because of the brand issues with Micromax. Until then we were only dealing with the products of Micromax.In the year 2017-18 we decided to create a portfolio of brands rather than sticking to one brand and we were looking forward to capture 25% to 30% of the Smartphones market size in the state of Kerala. In the same year we signed up with the brand OPPO and we crossed a net turnover of Rs.169.41 Crores. In the financial year 2018-19 we signed up with more brands like Xiaomi Vivo LG etc. and the net turnover was Rs.254.92 Crores. Further In the Financial Year 2019-20 we also signed up with more brands like Huawei Motorola etc. and we crossed a net turnover of Rs.255.12 Crores.In the Financial Year 2020-21 we signed up with the brand One Plus for the Kerala region. The net turnover in financial year 2020-21 dropped to Rs. 208.51 crores due to Covid-19 pandemic.The journey from 2012 to date was quite remarkable and we felt the need to structure the business from partnership firm to corporate setup unorganized to organized and well professionally managed organisation. Accordingly the partnership firm was converted into Limited Company in the year 2021. Presently the company is in the business of distributorship of consumer durable products like Mobile phones Mobile phone accessories Tablets LED TVs Home appliances and wearable devises of various brands like Xiaomi OPPO TECNO Micromax One Plus in Kerala. The company works in B2B (Business to Business) model.Key Milestones :2012- “M/s. Safa Systems & Solutions” a partnership firm was established by the Promoter & Promoter group of the Company and started the business of distributorship of consumer durable products.2013- Achieved a turnover of Rs.7.84 crores.2015- Made arrangement with Micromax for its Feature Phones distributions in the State of Kerala.- Achieved a turnover of Rs.51.24 crores.2017- Signed up with the brand OPPO and crossed a turnover of Rs.169.41 Crores2018- Signed up with more brands like Xiaomi Vivo LG etc. and the turnover was Rs.254.92 Crores.2019- Signed up with more brands like Huawei Motorola etc. and the turnover was Rs.255.12 Crores2021- Converted the Partnership firm i.e. M/s. Safa Systems & Solutions into a Public Limited Company.- Signed up with the brand One Plus for the Kerala region.- Opened a branch office and warehouse in Thane Maharashtra.- The company received ISO certification.