Diwali Top Picks 2017

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1 Diwali Top Picks th October

2 This year, Get ready for a Diwali like never before! Last year was an eventful year, where Indian economy witnessed two major structural reforms, namely demonetization and the implementation of long awaited GST. These reforms have disrupted the economy in the near-term, leading the slowdown in the GDP (5.7% in 1QFY17) and weaker corporate earnings due to channel de-stocking. However, we believe these reforms would lead to a widening of tax base, formalization of economy, accelerate the digitalization and channelize the housing savings into financial markets in the long term. This year, Get ready for a Diwali like never before! For Samvat 2074, we have carefully selected different portfolio for all types of investors: Stocks which should be in your portfolio for the next few years Top 5 picks this Diwali Top high risk and high return stock ideas 2

3 Diwali Picks For Samvat 2074 Long term Investment Stocks Scrip Name CMP BAJFINANCE 1952 BAJAJ AUTO 3154 IDFC 66 CDSL 379 TITAN 624 THYROCARE 696 PNBHOUSING 1500 VAKRANGEE 505 DMART 1269 SWARAJENG 2080 SUPREMEIND 1114 Special 5 Stocks to hold till next Diwali Scrip Name CMP HAVELLS 531 UJJIVAN 330 BOROSIL 899 FINOLEX IND 680 IDFC BANK 59 High risk and High Return Stocks Scrip Name CMP SUVEN 201 JSWENERGY 81 EROS MEDIA 228 ARIES 164 PARAGMILK 269 3

4 Special 5 Stocks to hold till next Diwali Scrip Name CMP HAVELLS 531 UJJIVAN 330 BOROSIL 899 FINOLEX IND 680 IDFC BANK 59 Investment Rationale Low PRICE / BOOK Low PRICE / CASHFLOW Excellent Sharpe Ratio means the portfolio is able to generate excess returns for the comparable risk with Sensex, which we can see from the statistics of 3 and 5 yr. Great outlook based on fundamental growth as well as technical parameters 10

5 Release date Page 3 of 10 Value Benchmark Snapshot 755, S&P BSE SENSEX India INR (INR, 1) SPECIAL 5 Analysis Asset Allocation Bmark Allocation Equity Debt Alternate Cash Morningstar Equity Style Box % Morningstar Fixed Income Style Box % Large Mid Small Total Stock Holdings 5 % Not Classified 25 High Med Low Total Bond Holdings % Not Classified Value Blend Growth Ltd Mod Ext > >50 Stock Analysis Stock Sectors Sensitive Benchmark World Regions Greater Asia Americas Greater Europe Performance Investment Activity Graph Initial Mkt Val: 62,551 Final Mkt Val: 755,471 Benchmark 900k 720 Defensive Cyclical 180 < >75% (%) Bmark (%) h Cyclical r Basic Matls t Consumer Cycl y Financial Svs u Real Estate j Sensitive i Commun Svs o Energy p Industrials a Technology k Defensive s Consumer Def d Healthcare f Utilities Not Classified (%) Bmark (%) Americas North America Latin America Greater Europe United Kingdom Europe-Developed Europe-Emerging Africa/Middle East Greater Asia Japan Australasia Asia-Developed Asia-Emerging Not Classified Trailing Returns* 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Return Benchmark Return /- Benchmark Return *Full return history is not available for all securities. Please see Return Participation disclosure. Best/Worst Time Best % Worst % Periods 3 Months ( Mar 2009-May 2009 ) ( Sep 2008-Nov 2008 ) 1 Year ( Feb 2009-Jan 2010 ) ( Jan 2008-Dec 2008 ) 3 Years ( Feb 2009-Jan 2012 ) 2.87 ( Jan 2008-Dec 2010 ) Yield ( ) Yield % 12-Month Yield Level Performance Disclosure The portfolio-level performance shown is hypothetical and for illustrative purposes only. Investor returns will differ from the results shown. The performance data reflects monthly portfolio rebalancing. Holdings Top 5 holdings out of 5 Symbol Type Holding Value % Assets IDFC Bank Ltd (INR) IDFCBANK ST 190, Ujjivan Financial Services Ltd (INR) UJJIVAN ST 188, Borosil Glass Works Ltd (INR) ST 185, Havells India Ltd (INR) HAVELLS ST 181, Finolex Industries Ltd (INR) FINPIPE ST 9, Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.

6 Release date Page 4 of 10 Value Benchmark Snapshot 755, S&P BSE SENSEX India INR (INR, 1) SPECIAL 5 Risk Analysis Risk/Reward Scatterplot Holdings Bmark 5 Year Mean Performance History Graph Quarterly returns +/- Benchmark in % % Bmark Year Standard Deviation Risk and Return Statistics* 3 Yr 5 Yr 10 Yr Bmark Bmark Bmark Standard Deviation Mean Sharpe Ratio MPT Statistics* 3 Yr 5 Yr 10 Yr Alpha Beta R-Squared Level Performance Disclosure The portfolio-level performance shown is hypothetical and for illustrative purposes only. Investor returns will differ from the results shown. The performance data reflects monthly portfolio rebalancing. Fundamental Analysis Asset Allocation Type Weightings % of Stocks Bmark nhigh Yield bdistressed vhard Asset mcyclical xslow Growth zclassic Growth laggressive Growth cspeculative Growth Not Available Long % Short % Allocation Equity Debt Alternate Cash Total % Market Maturity % of Stocks Bmark Developed Markets Emerging Markets Not Available Valuation Multiples Bmark Price/Earnings Price/Book Price/Sales Price/Cash Flow Profitability Bmark % of Stocks Net Margin ROE ROA Debt/Capital Fund Statistics Potential Cap Gains Exposure Avg Net Expense Ratio Geometric Avg Capitalization ( Mil) 52, Benchmark 2,199, Credit Quality Breakdown % of Bonds AAA AA A BBB BB B Below B NR Interest Rate Risk Bonds % Not Available Avg Eff Maturity Modified Duration Yield to Maturity *Full return history is not available for all securities. Please see Return Participation disclosure Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.

7 Long term Investment Stocks Scrip Name CMP BAJFINANCE 1952 BAJAJ AUTO 3154 IDFC 66 CDSL 379 TITAN 624 THYROCARE 696 PNBHOUSING 1500 VAKRANGEE 505 DMART 1269 SWARAJENG 2080 SUPREMEIND 1114 Investment Rationale Excellent Sharpe Ratio means the portfolio is able to generate excess returns for the comparable risk with Sensex, which we can see from the statistics of 3 and 5 yr. Excellent alpha and beta suggest that the portfolio is able to outperform benchmark while witnessing lesser volatility than the market 9

8 Release date Page 3 of 17 Value Benchmark Snapshot 945, S&P BSE SENSEX India INR (INR, 1) LONG TERM INVESTMENT STOCKS Analysis Asset Allocation Bmark Allocation Equity Debt Alternate Cash Morningstar Equity Style Box % Morningstar Fixed Income Style Box % Large Mid Small Total Stock Holdings 11 % Not Classified 0 High Med Low Total Bond Holdings % Not Classified Value Blend Growth Ltd Mod Ext > >50 Stock Analysis Stock Sectors Sensitive Benchmark World Regions Greater Asia Americas Greater Europe Performance Investment Activity Graph Initial Mkt Val: 42,602 Final Mkt Val: 945,521 Benchmark 1,050k 840 Defensive Cyclical 210 < >75% (%) Bmark (%) h Cyclical r Basic Matls t Consumer Cycl y Financial Svs u Real Estate j Sensitive i Commun Svs o Energy p Industrials a Technology k Defensive s Consumer Def d Healthcare f Utilities Not Classified (%) Bmark (%) Americas North America Latin America Greater Europe United Kingdom Europe-Developed Europe-Emerging Africa/Middle East Greater Asia Japan Australasia Asia-Developed Asia-Emerging Not Classified Trailing Returns* 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Return Benchmark Return /- Benchmark Return *Full return history is not available for all securities. Please see Return Participation disclosure. Best/Worst Time Best % Worst % Periods 3 Months ( Apr 2009-Jun 2009 ) ( Sep 2008-Nov 2008 ) 1 Year ( Apr 2009-Mar 2010 ) ( Jan 2008-Dec 2008 ) 3 Years ( Mar 2009-Feb 2012 ) ( Oct 2010-Sep 2013 ) Yield ( ) Yield % 12-Month Yield Level Performance Disclosure The portfolio-level performance shown is hypothetical and for illustrative purposes only. Investor returns will differ from the results shown. The performance data reflects monthly portfolio rebalancing. Holdings Top 10 holdings out of 11 Symbol Type Holding Value % Assets PNB Housing Finance Ltd (INR) PNBHOUSING ST 90, Bajaj Auto Ltd (INR) BAJAJ-AUTO ST 89, Supreme Industries Ltd (INR) SUPREMEIND ST 89, Vakrangee Ltd (INR) VAKRANGEE ST 88, Thyrocare Technologies Ltd (INR) THYROCARE ST 88, Swaraj Engines Ltd (INR) SWARAJENG ST 88, Bajaj Finance Ltd (INR) BAJFINANCE ST 85, Titan Co Ltd (INR) TITAN ST 85, Central Depository Services (India) Ltd (INR) CDSL ST 82, IDFC Ltd (INR) IDFC ST 80, Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.

9 Release date Page 4 of 17 Value Benchmark Snapshot 945, S&P BSE SENSEX India INR (INR, 1) LONG TERM INVESTMENT STOCKS Risk Analysis Risk/Reward Scatterplot Holdings Bmark 5 Year Mean Performance History Graph Quarterly returns +/- Benchmark in % % Bmark Year Standard Deviation Risk and Return Statistics* 3 Yr 5 Yr 10 Yr Bmark Bmark Bmark Standard Deviation Mean Sharpe Ratio MPT Statistics* 3 Yr 5 Yr 10 Yr Alpha Beta R-Squared Level Performance Disclosure The portfolio-level performance shown is hypothetical and for illustrative purposes only. Investor returns will differ from the results shown. The performance data reflects monthly portfolio rebalancing. Fundamental Analysis Asset Allocation Type Weightings % of Stocks Bmark nhigh Yield bdistressed vhard Asset mcyclical xslow Growth zclassic Growth laggressive Growth cspeculative Growth Not Available Long % Short % Allocation Equity Debt Alternate Cash Total % Market Maturity % of Stocks Bmark Developed Markets Emerging Markets Not Available Valuation Multiples Bmark Price/Earnings Price/Book Price/Sales Price/Cash Flow Profitability Bmark % of Stocks Net Margin ROE ROA Debt/Capital Fund Statistics Potential Cap Gains Exposure Avg Net Expense Ratio Geometric Avg Capitalization ( Mil) 192, Benchmark 2,199, Credit Quality Breakdown % of Bonds AAA AA A BBB BB B Below B NR Interest Rate Risk Bonds % Not Available Avg Eff Maturity Modified Duration Yield to Maturity *Full return history is not available for all securities. Please see Return Participation disclosure Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.

10 High risk and High Return Stocks Scrip Name CMP SUVEN 201 JSWENERGY 81 EROS MEDIA 228 ARIES 164 PARAGMILK 269 Investment Rationale Low P/E, P/B, P/S, P/C (which is excellent) Good outlook based on sales growth Stocks look attractive based on technical charts 11

11 Release date Page 3 of 11 Value Benchmark Snapshot 901, S&P BSE SENSEX India INR (INR, 1) HIGH RISK HIGH RETURN STOCKS Analysis Asset Allocation Bmark Allocation Equity Debt Alternate Cash Morningstar Equity Style Box % Morningstar Fixed Income Style Box % Large Mid Small Total Stock Holdings 5 % Not Classified 0 High Med Low Total Bond Holdings % Not Classified Value Blend Growth Ltd Mod Ext > >50 Stock Analysis Stock Sectors Sensitive Benchmark World Regions Greater Asia Americas Greater Europe Performance Investment Activity Graph Initial Mkt Val: 384,850 Final Mkt Val: 901,298 Benchmark 1,250k 1,000 Defensive Cyclical 250 < >75% (%) Bmark (%) h Cyclical r Basic Matls t Consumer Cycl y Financial Svs u Real Estate j Sensitive i Commun Svs o Energy p Industrials a Technology k Defensive s Consumer Def d Healthcare f Utilities Not Classified (%) Bmark (%) Americas North America Latin America Greater Europe United Kingdom Europe-Developed Europe-Emerging Africa/Middle East Greater Asia Japan Australasia Asia-Developed Asia-Emerging Not Classified Trailing Returns* 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr Return Benchmark Return /- Benchmark Return *Full return history is not available for all securities. Please see Return Participation disclosure. Best/Worst Time Best % Worst % Periods 3 Months ( Mar 2009-May 2009 ) ( Aug 2008-Oct 2008 ) 1 Year ( Apr 2009-Mar 2010 ) ( Jan 2008-Dec 2008 ) 3 Years ( Aug 2012-Jul 2015 ) ( Jan 2008-Dec 2010 ) Yield ( ) Yield % 12-Month Yield Level Performance Disclosure The portfolio-level performance shown is hypothetical and for illustrative purposes only. Investor returns will differ from the results shown. The performance data reflects monthly portfolio rebalancing. Holdings Top 5 holdings out of 5 Symbol Type Holding Value % Assets Eros International Media Ltd (INR) EROSMEDIA ST 184, Parag Milk Food Ltd (INR) PARAGMILK ST 183, JSW Energy Ltd (INR) JSWENERGY ST 181, Aries Agro Ltd (INR) ARIES ST 176, Suven Life Sciences Ltd (INR) SUVEN ST 175, Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.

12 Release date Page 4 of 11 Value Benchmark Snapshot 901, S&P BSE SENSEX India INR (INR, 1) HIGH RISK HIGH RETURN STOCKS Risk Analysis Risk/Reward Scatterplot Holdings Bmark 5 Year Mean Performance History Graph Quarterly returns +/- Benchmark in % % Bmark Year Standard Deviation Risk and Return Statistics* 3 Yr 5 Yr 10 Yr Bmark Bmark Bmark Standard Deviation Mean Sharpe Ratio MPT Statistics* 3 Yr 5 Yr 10 Yr Alpha Beta R-Squared Level Performance Disclosure The portfolio-level performance shown is hypothetical and for illustrative purposes only. Investor returns will differ from the results shown. The performance data reflects monthly portfolio rebalancing. Fundamental Analysis Asset Allocation Type Weightings % of Stocks Bmark nhigh Yield bdistressed vhard Asset mcyclical xslow Growth zclassic Growth laggressive Growth cspeculative Growth Not Available Long % Short % Allocation Equity Debt Alternate Cash Total % Market Maturity % of Stocks Bmark Developed Markets Emerging Markets Not Available Valuation Multiples Bmark Price/Earnings Price/Book Price/Sales Price/Cash Flow Profitability Bmark % of Stocks Net Margin ROE ROA Debt/Capital Fund Statistics Potential Cap Gains Exposure Avg Net Expense Ratio Geometric Avg Capitalization ( Mil) 20, Benchmark 2,199, Credit Quality Breakdown % of Bonds AAA AA A BBB BB B Below B NR Interest Rate Risk Bonds % Not Available Avg Eff Maturity Modified Duration Yield to Maturity *Full return history is not available for all securities. Please see Return Participation disclosure Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.

13 Disclaimers The Information provided by SMS or in newsletter or in any document has been prepared by Shah Investor s Home Ltd (SIHL). The Information provided by SMS or in newsletter does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. SIHL or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report or SMS. This Information provided by SMS, reports or in newsletter is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this Information provided by SMS, report or in newsletter should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this information provided by SMS, report or in newsletter (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors. This information is strictly confidential and is being furnished to you solely for your information. The information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. The information provided by report or SMS is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SIHL and affiliates/ group companies to any registration or licensing requirements within such jurisdiction. The distribution of this Information provided by SMS or in newsletter in certain jurisdictions may be restricted by law, and persons in whose possession this Information provided by SMS or in newsletter comes, should inform themselves about and observe, any such restrictions. The information given or Information provided by SMS, report or in newsletter is as of the date of the issue date of report or the date on which SMS provided and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. SIHL reserves the right to make modifications and alterations to this statement as may be required from time to time. However, SIHL is under no obligation to update or keep the information current. Nevertheless, SIHL is committed to providing independent and transparent recommendation to its client and would be happy to provide any information in response to specific client queries. Neither SIHL nor any of its affiliates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. Past performance is not necessarily a guide to future performance. The disclosures of interest statements incorporated in the Information provided by SMS, report or in newsletter are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. About Us: Shah Investor s Home Ltd (SIHL) is an ISO 9001:2008 Certified financial Services Company established in 1994 at Ahmadabad, Gujarat. Customer satisfaction is guaranteed through our diversified product portfolio, professional management and customer first attitude. SIHL was the first broking house in Gujarat with membership in National Securities Depository Ltd (NSDL) and was the first broking name providing services in NSE F&O in Ahmedabad. Today, SIHL ranks among the top most players in Gujarat in retail stock broking area with 45 branches, 350 franchisee across India and providing service to more than 1,25,000 clients. 1

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