MRSS agm takeaways
market big enough to support growth vision of company. And it's growing at 15%
confident of achieving 100% growth for next few years (organic+inorganicb2b).
Confident of maintaining the 30% ebitda margins going forward.
gaining market share steadily from biggies like nielsen, gfk, ipsos.
-traditional/digital share may remain 70:30 going forward for co.
- exploring airport biz (clients like delhi airport and changi ), agri space and IoT
-- stressed on the need of inorganic growth going forward. Looking at atleast one acquisiton possibly every year. Acquisition candidates are small debt free companies which mrss can buy for 3 advantages - new verticals/skillset,geographical reach, client base
-a possible acquisition candidate for next year already identified and is into airport biz (passenger satisfaction)
market probe acquisition was done keeping in mind the geographical reach and new verticals. No successor to Mr. TR Rao (founder of mpa-77 years old) so MRSS got the Singabore biz at a throwaway price
cost restructuring underway in mpa (reducing the officespace, tapping high margin fmcg and cons durable clients, etc,) to bring singapore margins closer to india levels - within 12 months.
market probe primarily into govt. contracts....now started pitching to private clients
-reiterated they want to be the largest independent market research agency in Asia in another 2-3 years (topline 150-200 Cr)
-bonus shares 1:1 approved
-preferential issue 15000@500 to sarang approved
-doubled remuneration for MD and Chairman
-women director shwetambari rao appointed. She is ex nielsen specializing in m&a