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Sagren Pillay

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About Sagren Pillay

Sagren is currently the CEO at Cygnet Financial Services, a financial services firm seeking to source investment funds from private funders and increase functional operations within the commercial and industrial property sectors. Under Sagren's management the firm has undergone a structural overhaul to house viable and modernized channels for economically feasible distribution.

Through Cygnet, Sagren is committed to offering high net worth investor's the opportunity to maximize profits while implementing a capital growth element in exchange for contributions to Cygnet's operating capital.

Previously, Sagren owned a company called Brighton Drakewoods & Associates, which specialised in recovering municipality debts. He is a registered debt administrator. Sagren shares that working with local municipalities and educating and training the municipality employees in debt control policies is amongst his greatest achievements.

His experience also includes working for a company in the finance field, which saw Sagren's potential maximized for better performance before he finally ventured into his current field on his own.

On a social scale, Sagren serves on a board as Governor for a Special Needs school for the disabled and handicap called AM MOOLLA SPES NOVA School.

View Cygnet Financial Services Business Plan here

 

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This coming Sunday: Feb. 22, 12:00 PM to 3:00 PM
Feb 22

142 MIDWOOD AVENUE
Beverly Hills, CA 90210

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Next Sunday: Feb. 29, 3:30 PM to 6:00 PM
Feb 29

19 Parkway Drive
Beverly Hills, CA 90210

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PROFESSIONAL INFORMATION

Title : CEO

Marketing Area : International

Type Of Business : Financial

Business Website : www.cygnetfs.co.za

Industry : Finance

Company Name : Cygnet Financial Services

Expertise : Business and banking/ Debt Administrator/ Security Services

Years Of Experience In Industry : Since 2006

PERSONAL INFORMATION

Gender : Male

Place of Birth : Durban

Date of Birth: 2/18/1966

Personal Website : http://www.ibwire.net/sagren-pillay-asset-south-africa-business-network/

Education Degrees : Business background/ Private Security Industry Regulator Certificate

Favorite Place to Vacation : Cape Town

Hobbies/Sports : Squash/

PROFESSIONAL BIOGRAPHY

Products And/Or Services :

       

CYGNET FINANCIAL SERVICES       

 

 

 

EXECUTIVE SUMMARY

CYGNET'S strategy will be to source investment funds from private funders. CYGNET aims to operate in the commercial and industrial property sector.
 
Investor funds will be lodged in an Investment Account with Deliottes & Touche and KPMG. CYGNET will source properties for development and re-investment and will operate the Administration Account. This is done on a call off from the Investment Account, and is subject to extensive viability and due diligence checks and balances. All profits and returns on investments and sales will be held in a Distribution Account and paid to investors as per instructions held.
 
Technological advancements also permit for other economically feasible distribution channels, such as separately managed portfolios for large accounts. 
portfolios and high service costs.
 
CYGNET is structured as a close corporation designed to capitalize on industry research performed by one of the founding members, Sagren Pillay. The team presents this business plan as a "start from scratch" outline of what a successful property portfolio management organization should look like as the industry evolves in response to political, social, technological, and global sentiment.
 
CYGNET will offer high net worth investor’s opportunity to maximize profits and a capital growth element in exchange for contributions to CYGNET’S operating capital and for providing seed funds to establish the investment products described herein. This document alone does not constitute an offer of any type, nor does it provide any guarantee, financial, or otherwise. Risks associated with the CYGNET FINANCIAL SERVICES business plan are not limited to those detailed in this document.

COMPANY SUMMARY

CYGNET FINANCIAL SERVICES is structured as a Close Corporation, incorporated in the Republic of South Africa. It has been designed to capitalize on property industry research performed by one of the founding members, Sagren Pillay.
 
This company is unique because it differs substantially from the way most existing investment management firms operate. Many of the firms created in the last 15 years were started by the departure of portfolio managers from the country's largest banks, insurance companies, and brokerage firms. Generally, these individuals were deep in investment management but novice as it concerns the business and operating side of running an organization. The investment plan for CYGNET is different.
 
CYGNET has been founded by managers and entrepreneurs with in-depth knowledge of all aspects concerning property investment organizations. Professional talent will be acquired and retained by offering key individuals and professional service companies’ competitive compensation to include equity stakes.

INVESTMENT PHILOSOPHY

CYGNET believes the goal of South African property portfolios should be to outperform the broad market, as measured by the JSE Index. Exposure to economic sectors will roughly approximate those of the benchmark. Our view is that any deviation from the benchmark represents a bet, or in our case, a calculated risk that will determine over or under performance. Portfolios will also maintain market cap exposure to large cap (>R400 million), mid cap (R100 million to R400 million), and small cap ( 
We believe our process will be successful in the future for the following reasons:
1. It provides the opportunity to out perform the market without taking undue risks, whilst having ownership.
2. It does not concentrate heavily in a narrow segment of the market (e.g. residential, agricultural), thus portfolios are more likely to maintain a stable performance base when certain areas rotate out of favor and prompt redemptions.
3. It simplifies investor's portfolios by reducing the number of managers or funds they need in their overall property allocation.
4. As in most cases, investment opportunity at ground level (development projects) will generally allow the investor a far greater return on their investment in a shorter period.
5. Capital growth is taxed at lower rates than normal profits.

The decision-making process is one of consensus. The portfolio management team meets weekly to discuss the portfolio and any changes to it. In rare cases, if we fail to reach a consensus decision, the CEO will act as the arbiter, usually prompting for additional research, but if necessary, providing a final decision. Our investment model is one in which portfolio managers are also analysts. This concept of portfolio managers/analysts making decisions on a team was recognized and adopted for its proven success in a few select firms that have been extremely successful from both an investment and business perspective. Portfolio manager/analyst responsibilities include idea generation, due diligence, and completion of research projects directed by the CEO. While each portfolio manager/analyst has experience in various areas, they are generalists in the sense that they are not assigned specific sector responsibilities. We find this allows individuals to remain stimulated by their jobs.
 
Professional project teams of Architects, Engineers and Construction Companies will be utilized to ensure compliance and comprehensive project analysis.
 

MARKET ANALYSIS SUMMARY

Much of our analysis focuses on the commercial and industrial segment of the property investment industry because it is such a large component of the overall landscape. We have additionally provided information as it pertains to the management of separately managed portfolios (i.e. "separate accounts"). To understand the data here, one must understand that separate account managers must register their firms with the FSB. Thus, they are known as "Financial Service Providers." For CYGNET, the technologies we have selected will enable us to capitalize by utilizing both product types.
 
Our analysis supports the 10% to 12% projected capital growth rates by outside sources. Profits on development projects can be as high as 26%, with rental protfolios returning      8, 5% per annum. Probably the most important aspect to these projections are the factors that will fuel these rates of growth. The following section contains some of the key variables to creating this growth environment.
 
Medium cost housing projects are also viable investments in the three to five year term.
 
All are expected to have a positive impact on the investment industry for at least the next five to ten years.
 

SALES STRATEGY

CYGNET'S property investment portfolio will be initially offered through an FSB registered administration fund. Technological advancements also permit for other economically feasible distribution channels such as separately managed portfolios for large account sizes.
 
Based on our large, medium and small cap projects, revenue streams will be continuous from year 3. Ideally, clients should look to invest in the medium to long term to maximize profitability and returns.
 
CYGNET generates its revenue from Administration Fees for services rendered on behalf of its clients.
 
The chart and table below provide a more detailed look at our projected sales strategy.


COMPETITIVE EDGE

''Companies are nothing but men and women and their work. That which comes forth from a company is only as fine as the effort put into it.''
''A customer is a person who brings us his wants-it is our job to fulfill those wants.''
The above quotes reflect the philosophy and ethos of CYGNET. Only by fine effort and effective control will we accomplish and attain our goals and those of our investors.
CYGNET will centralize and standardize all property management systems, controls, responsibilities and personnel.
Unlike other investment companies who generalize and pay dividends to all clients in their portfolios, we will strive to manage each client on a personal basis, and to maximize returns for each and every client. 
 

MARKET STRATEGY

CYGNET is based in Kwa-Zulu Natal and has excellent local knowledge of markets, trends and development nodes in the region. Our initial focus will be to invest locally, before expanding into other regions. This will only be done via thorough market analysis and project planning.
 
We will utilize our website to find investment properties and opportunities, as well as to market our portfolios.
 
We are registered with the Debt Control Council. The Estate Agency Affairs Board and will register with the Financial Services Board, to ensure legal compliance.
 
We will charge an Administration Fee to our clients based on investment levels. Fees will approximate 1, 5% of investment.
MILESTONES
CYGNET will strive to have projects in place and capitalization of R 2, 3 billion by 2015. This is a bold plan, but is highly achievable given the available projects and infrastructural changes that are being effected in South Africa.
 
We have attached Large, Medium and Small Cap targets as per our initial market analysis.

MANAGEMENT SUMMARY

CYGNET has compiled a management team, and will employ candidates for other key positions, should it be required. We would prefer to use outside consultants and professional teams on a project basis, and according to each entity’s specific strengths.
 
Sagren Pillay is the managing member of the corporation. Sagren has been involved in company management for the past fifteen years.
 
David Larkan is a registered and practicing accountant. David graduated and was articled with KPMG, prior to going into private practice. He also holds a CEA qualification. David has been in the accounting profession for the past 22 years and in the property industry for seven years.

Office Tel: 27  (0) 31 5649939
                                
Office Fax: 27 (0) 31 5635929 

Computer Fax: 086 733 0872

Mobile :         +27 (0) 82978 1632

E-mail: 1 Cygnetdebt@telkomsa.net

E-mail: 2 psagren@gmail.com

Skype Name: sagren.pillay9

twitter account :psagren

 

 

 

 

Affiliations Awards :

Linked In, Board Member for Financial Services of South Africa, Chamber of Commerce

 

More About me :

Sagren is currently the CEO at Cygnet Financial Services, a financial services firm seeking to source investment funds from private funders and increase functional operations within the commercial and industrial property sectors. Under Sagren's management the firm has undergone a structural overhaul to house viable and modernized channels for economically feasible distribution.

Through Cygnet, Sagren is committed to offering high net worth investor's the opportunity to maximize profits while implementing a capital growth element in exchange for contributions to Cygnet's operating capital.

Previously, Sagren owned a company called Brighton Drakewoods & Associates, which specialised in recovering municipality debts. He is a registered debt administrator. Sagren shares that working with local municipalities and educating and training the municipality employees in debt control policies is amongst his greatest achievements.

His experience also includes working for a company in the finance field, which saw Sagren's potential maximized for better performance before he finally ventured into his current field on his own.

On a social scale, Sagren serves on a board as Governor for a Special Needs school for the disabled and handicap called AM MOOLLA SPES NOVA School.

View Cygnet Financial Services Business Plan here

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Cygnet Financial Services
Sagren Pillay
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