Our FY2020 Report is the second year of adoption of the International Integrated Reporting Council’s (‘IIRC’) Integrated Reporting <IR> framework, which is steadily emerging as a globally accepted best practice. With our <IR>, we present to our stakeholders a holistic and transparent depiction of our value creation process, enabling them to make informed decisions regarding their association with us. We have used both qualitative and quantitative information across financial and non-financial capitals i.e. Manufactured, Intellectual, Human, Social and Relationship, and Natural Capitals to ensure completeness of information. We have further provided insights into our strategies, issues that materially impact us, risks and opportunities in the context of the operating environment.
It represents our shareholders’ equity and funding from investors and clients that we prudently employ to support business operations, achieve business strategy and generate surplus for our shareholders.
It represents our operational processes as well as physical and technology infrastructure – ICICIdirect platform, branches and customer support centres – that provide a framework of how we operate business and create value. We are continuously investing in technological capabilities to effectively reach and serve customers and drive higher operational efficiency.
It represents our culture and motivated employees that enable us to run and grow business efficiently. We are continually investing in the welfare, engagement, skilling, health and safety to ensure a sustained outcome.
It represents our brand and franchise value as well as our technical expertise – capital market knowledge, research capabilities and expertise in stock broking, investment management, customer advisory and servicing. It maximises our ability to create wealth for customers and gain their trust, thus providing us a competitive edge.
It represents the quality of relationship with clients, business partners (institutional and corporate clients, financial products’ principals, partners, sub-brokers, IFAs, IAs and ICICI Bank), regulators and the community. These long-term relationships drive our business growth as we play a critical role in building a thriving society and financial ecosystem.
It represents the impact that our operations and business activities have on natural resources. We are continually investing to make our operations sustainable.
The financial and statutory data in this Report are in line with the requirements of the Companies Act, 2013 (including the Rules made thereunder), Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Secretarial Standards. The Report is also guided by the principles of <IR>as stated by IIRC.
The Report discloses financial and non-financial performance of ICICI Securities’ operations across India for the period April 1, 2019, to March 31, 2020. It covers significant material events up to the Board Meeting held on May 7, 2020. Comparative figures of past years have been provided, wherever necessary, to present a holistic view of our performance and capture our long-term value creation process.
The non-financial information in the integrated report largely covers data on the India operations of ICICI Securities.
Annual Report 2019-20
