From correspondents in Maharashtra, India, 10:01 PM IST

Ladderup Finance Limited (LFL) based in Mumbai announced encouraging results for the year ended March 2008. The company has reported an Income of Rs.454 Lakhs for the year ended March 08 against Rs.222 Lakhs In the corresponding period Last year. The PAT has also increased to Rs. 204 Lakhs for the current year as against Rs.59 Lakhs last year. The Income and PAT has grown Year on year (YOY) by more than 200 % and 345 % respectively.

Revenues from Ladderup Corporate advisory Private Limited (LCAPL), a wholly owned subsidiary providing Investment Banking & corporate advisory services, has contributed significantly to the company’s top-line. Ladderup Wealth Management Private Limited (LWMPL) another wholly owned subsidiary of Ladderup Finance Limited has recently started providing value added Wealth Management services to HNI’s, SME & corporate.

The company has reported this performance despite the fact that there was a slowdown in the number of IPO’s and Private Equity deals during the last quarter of FY 08.

Mr. Sunil Goyal the Managing Director is confident that in spite of the stock market meltdown and growing inflation the company will be able to sustain growth by increasing its market share and by introducing new verticals. The company is in the process of opening Branch offices internationally and domestically. The impact of Ladderup Wealth Management Private Limited (LWMPL) on the company’s bottom line would be seen in the next years financial after a full year of operation.

The top line has more than doubled and the bottom line tripled due to some prestigious deal concluded by the company in the areas of IPO advisory, Private Equity, Debt syndication & corporate restructuring.

Source: Press Release Distribution via India PRwire