MOT JUSTE - The most appropriate expression

TRANSWARRANTY FINANCE LIMITED

Inhouse Publication

Vol – II, Issue – 1

January 2009

FOREWARD

January 1, 2009 Dear Colleagues, We are living in challenging but exciting times, where the rules of most of the games are being re – written. Consider Financial Services, which all of us are familiar with. The tumultuous change that swept across the financial services landscape last year created havoc. Institutions, which were the corner stone of the global Financial Services and Capital market crumpled down over night and the rest were either bailed out or are waiting to collapse. Initially, it was difficult for the rational mind to accept this new reality, which is contrary to our beliefs of what was cast in stone. When at one level this is painful, at another level it opens up new opportunities for a young and growing company like Transwarranty with a far more level playing field. We can succeed and conquer greater heights of glory, if we can challenge our belief systems, be in sync with the new reality and have conviction in our ability and ambition to emerge as one of the top 10 financial services group in India. And therefore, this is the time to set our priorities correctly and respond at lightening quick speed to the changing business environment. Working smarter and harder with complete goal orientation will be the need of the hour. This should be backed by sound information and knowledge coupled with decisive and effective action. This naturally would require a performance driven culture in Transwarranty, which in turn would require crystal clear Job Description and Measurable Output for every employee in the company. We have already commenced our journey to usher in this performance driven culture. This would have its share of challenges and pain particularly for those who resist change. Let me assure each one of you that as an organization, we strongly believe that our employees are our most valuable assets and we shall provide all the support, encouragement and reward to all those who are instrumental in this transformation. At the beginning of this New Year, let us all renew our resolution and commitment to our cause: to be a world-class organization and one of the Top 10 Financial Services Group in India. Best regards Kumar Nair

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THE MAKING OF A CHAMPION

“ ”

The Miracle is within

YOU

People can help, opportunities can arise, moments can present themselves, but no matter how you slice it, it’s ALL up to you! It all comes down to will you perform? Can you compete? Are you good enough? Will you endure? You can cheat and someone else can do your work. You can cut corners and make like it doesn’t count. But when you are achieving greatness, it comes down to one thing, and one thing ONLY! Will you do it? It’s not even a question of can you do it? Because the outcome is irrelevant. Will you manifest your destiny? If you train for years to compete in the Olympics, and you lose, losing is irrelevant. Having competed is significant. If you write, or sing, or dance, or paint; if you play, think, or create, if you just watch, are you doing what you were meant to do? No one hit Barry Bond’s 73 single-season home runs. No one took four consecutive International Tour de France Cycling Championships for Lance Armstrong. They did these things on their own, by making them happen. They created the miracles. They made them happen. The same is true for you. The day you stand up and say, “Now! Right now is my time to be incredible!” is the moment your mechanism for manifesting miracles will be operational. Until then, it’s just a rusty cog deep in your soul.

Excerpts from “Become the Complete Champion” - Michael J. Herman

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A month of celebrations & Achievements !!! We congratulate the LC Discounting team for achieving a turnover of Rs110 crores in the month of November 2008, the highest ever figure as compared to Rs 107 crores turnover in October 2008.

Diwali at TFL

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4Xmas Celebration at TFL!!!

Laughter is the Best Medicine President Bush said clients shouldn’t be concerned by all these bank closing. If the bank is closed, one need to just use the ATM, he said. George Bush said that he is saddened to hear about the demise of Lehman brothers…. His thoughts at this time go out to their mother as losing one son is hard but losing two is a tragedy. The Problem with investment bank balance sheets is that on the left side nothing is right and on the right side nothing is left. There are 30 billion prime numbers below 700 billion. The rest are all subprime. What do you call 12 investment bankers at the bottom of the ocean? A good start. Why are all MBAs going back to school? To ask for their money back. If you want to gamble, go to Las Vegas. If you want to trade in derivatives, God bless you. What’s the difference between a guy who just lost everything in Vegas and an investment banker? A tie What’s the difference between a bond and a bond trader? A bond matures.

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Best wishes for the following TFL employees on their Birthday :)

02nd November-Ms. Vaishali Mane

03rd November-Mr. Rajaram R.

03rd November-Mr. Saurabh Bhambi

12th November-Mr. Pradip Bhadgaokar

22nd November-Mr. V. K.Narayanan

24th November-Mr. Anil Nambiar

26thNovember-Mr. Maruti Rao

11th December – Mr Abhilash Kumar

25th December – Ms Poonam

25th December – Mr Ratnakar

Upcoming Birthday’s

3rd January – Mr Dilip Jagad

15th January – Mr P K Gopinathan

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New additions to the Transwarranty family Mr. G Sreekumar, Associate Vice President, Corporate Finance Date of Joining: 19th November, 08

Mr. Sreekumar shall be heading one of the strategic Business Unit in Corporate Finance Division at Mumbai. Mr. G. Sreekumar was working as Assistant General Manager with Oriental Bank of Commerce from April 2006 till October 08. He has 24 yrs of experience in Credit delivery System in Corporate Banking and Small and Medium Segment of business loan. In his 10 year stint at OBC, he has handled responsible positions in Credit Management, Business Development, and Relationship Management. He has completed his CAIIB and Btech from IIT (Madras). Mr. G. Sreekumar is married to Mrs.Varsha Variyar. Mrs. Varsha Variyar. They are blessed with two daughters, Purva and Mugdha. Purva is studying BSc. In Biotechnology and Mugdha is doing her BA Economics.

Mr. Rajesh Jha, General Manager, New Delhi Date of Joining: 2nd December, 08

Mr. Rajesh Jha shall be leading the business development function for our North India operations and will be responsible for the branch P&L. Rajesh will report directly to Mr. Kumar Nair. Rajesh is a seasoned banker with 12 plus years of experience. He joins Transwarranty from ING Vysya where he served as AVP-SME segment. He started his career with Bank of Indore (BoI) in 1996 and continued with BoI until beginning of 2008. At BoI, he led complete zonal operations for the bank including sales, marketing and operations. Rajesh has completed his Msc. in Geology from Ranchi University and holds a certification from CAIIB. Rajesh is married to Anuradha, a software engineer by profession. They have two children –Aadyant, 3 ½ yrs and Sheemaira, who is 1 year 8 months.

Mr.B V Govardhana Rao, Vice President, Hyderabad Date of Joining: 1st January, 09

Mr. B V Govardhana Rao shall be leading the business development function for Andhra Pradesh Region and will be responsible for the branch P&L. Mr. Rao will report directly to Mr. Kumar Nair. Mr. Rao has more than 30 years experience in various Banks viz. Public Sector, Multinational and new generation Private Sector Banks in India (for 22 years) and Banks belonging to globally reputed groups overseas (for 8 years). For the last 3 years, he has been a consultant to a group of Banks (India & east Africa). He was also the Chief Executive Officer and Country Manager for Diamond Trust Bank, Uganda from 2002-2005. he has also worked with Bank of Punjab Ltd ( as Vice President), The Commercial Bank of Korea (Head-Credit), Banque Nationale De Paris (Head-Credit), Punjab National Bank (Sr. Manager-Credit) etc. Mr. Rao has completed his MBA (Finance), CFA and holds a certification from CAIIB and from Indian Institute of Bankers in Industrial Finance. Mr. Rao is blessed with a son and a daughter. Mr. Rao’s son, Mr. Swaroop is working with Price Waterhouse Coopers as Infrastructure Consultant and is married to Ms. Pavitra who is a practicing dentist. Mr. Rao’s daughter, Ms. Anusha is doing her Masters in Electrical Engineering from USA.

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BOOKSHELF

Book: The New Age of Innovation Author: C.K.Prahalad Publisher: Tata Mcgraw-Hill

Book: Leading For A Lifetime: How Defining Moments Shape Leaders of Today and Tomorrow Author: Warren G.Bennis Publisher: Harvard Business School Press

The New Age of Innovation reveals that the key to creating value and the future growth of every business depends on accessing a global network of resources to co-create unique experiences with customers, one at a time. To achieve this, CEOs, executives, and managers at every level must transform their business processes, technical systems, and supply chain management, implementing key social and technological architecture requirements to create an ongoing innovation advantage. This book provides strategies for-Redesigning systems to co-create value with customers and connect all parts of a firm to this process. Measuring individual behavior through smart analytics. Ceaselessly improving the flexibility and efficiency in all customer - facing and back - end processes. Treating all involved individuals—customers, employees, investors, and suppliers as unique. Working across cultures and time zones in seamless global network. Building teams that are capable of providing high - quality, low - cost solutions rapidly.

Two leadership experts set out to find out how era and values shape those who lead, from those raised in the shadow of the Depression and World War II to today's young computer generation.

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Winner of the last Contest

Mr. Prasad Varghese

I love Transwarranty because it TRANSlates opportunities into

achievements and WARRANTYs a bright future

TRANSWARRANTY FINANCE LIMITED 403-405, REGENT CHAMBERS, NARIMAN POINT, MUMBAI – 400 021

(For Internal Circulation Only)

9CONTEST

INHOUSE MAGAZINE NAME

Suggest A Name And Be A Winner!!!

Rules & regulation: 1. Only Transwarranty Employees are eligible to

participate. 2. Maximum word limit is 2 words. 3. One employee can send a maximum of 3

entries. 4. Last date of receipt of entry is 15th January

2009. 5. If two entries have the same words, both the

entries will be rejected. 6. Send your entries to hrd@transwarranty.com 7. The best entry will get a prize.

Team Member of the In-house Magazine

Mr. P. K. Gopinathan Ms. Shaila Rao Ms. Charitra Karanjavkar Mr Rajaram R