Image Source: Groww
In a move that underscores its commitment to leadership stability and long-term strategic growth, Citi Port Financial Services Ltd has officially reappointed Mr. Enjamuri Pardha Saradhi as the Chairman and Managing Director (CMD) of the company. The decision was ratified by the Board of Directors and approved by shareholders during the company’s latest Annual General Meeting, held in Hyderabad.
This reappointment, made under the provisions of Sections 196, 197, and 203 of the Companies Act, 2013, along with Schedule V and applicable managerial remuneration rules, marks a continuation of Mr. Saradhi’s tenure that began in August 2016. His leadership has been instrumental in steering Citi Port through a period of operational consolidation and regulatory compliance, while laying the groundwork for future expansion.
About Enjamuri Pardha Saradhi
Mr. Saradhi, who holds a Director Identification Number (DIN: 07531047), has been associated with Citi Port Financial Services Ltd for nearly a decade. Initially appointed as an Additional Director in May 2016, he assumed the role of Managing Director in August of the same year and has since played a pivotal role in shaping the company’s financial and governance frameworks.
Known for his methodical approach and emphasis on transparency, Mr. Saradhi has overseen key initiatives including:
-
Strengthening internal audit and compliance systems
-
Enhancing shareholder communication and disclosures
-
Streamlining operational costs and improving profitability
-
Navigating regulatory challenges with the Registrar of Companies and SEBI
His reappointment is expected to bring continuity to the company’s strategic roadmap, especially as Citi Port explores new opportunities in financial advisory, NBFC partnerships, and digital lending platforms.
Company Overview and Strategic Direction
Citi Port Financial Services Ltd, listed on the Bombay Stock Exchange (BSE: 531235), operates primarily in the financial services domain, offering investment advisory, loan facilitation, and portfolio management services. The company has maintained a lean operational model, focusing on compliance, governance, and niche financial solutions.
Under Mr. Saradhi’s leadership, Citi Port has:
-
Improved its statutory audit and reporting standards
-
Enhanced its engagement with institutional investors
-
Strengthened its board committees, including Audit, Nomination & Remuneration, and Stakeholder Relationship Committees
The company’s registered office is located in Srinagar Colony, Hyderabad, and its shareholder services are managed by Bigshare Services Pvt Ltd.
Market Sentiment and Governance Impact
While Citi Port Financial Services Ltd is a relatively small-cap entity, the reappointment of a seasoned leader like Mr. Saradhi sends a strong signal to stakeholders about the company’s commitment to governance and operational discipline.
Industry observers note that in the current regulatory climate, leadership continuity is a valuable asset—especially for companies navigating complex compliance landscapes. Mr. Saradhi’s track record of maintaining clean audits and timely filings has earned the company a reputation for reliability among its peers.
What’s Next
With Mr. Saradhi back at the helm, Citi Port is expected to focus on:
-
Expanding its footprint in Tier 2 and Tier 3 cities
-
Exploring fintech collaborations for digital onboarding
-
Strengthening its advisory services for MSMEs and retail investors
-
Enhancing shareholder value through improved disclosures and dividend policies
The company will likely issue a strategic update in its next quarterly report, outlining its operational priorities and financial targets for FY26.
Sources: BSE India, Citi Port Financial Services Ltd, Enjamuri Pardha Saradhi
Advertisement
Advertisement
