Mangaluru: Geojit Financial services inaugurated its smart branch at Classique Arcade in the city this evening at 4 PM as a part of its program to progressively convert its nearly 500 branches into smart branches, with smart advisers who can advise clients and provide services on every aspect of savings and investment ranging from Equities and Derivatives to Mutual funds and Insurance.
The smart branch, one of 70 in the state of Karnataka, and possibly one of the oldest in the state, dating back 20 years was inaugurated by Prof. Dr K R Kamath MBBS, D.Ortho, DNB Ortho, President IMA, Mangalore and B Shivananda Pai, Chairman ICAI Mangaluru. Sanil Kumar K V, Associate Director, Geojit, representing the Head office in Kochi, Kerala, presided.
The guests were welcomed in the traditional Kerala way escorted by a band, by Shaji Vayalil, State Head, Karnataka. He also welcomed the gathering after the ribbon was cut by the Chief Guests. The guests then proceeded to light the lamp to signify the branch's business commencement. Addressing the gathering the chief guest Dr Kamath, said investment in equities and other instruments is advisable as Bank Interest rates are coming down. While he himself is invested modestly, there are a lot from the doctors' community who are well invested in the markets and Geojit has many of them as its clients because of its excellent advice and service. Shivananda Pai echoed his sentiments and congratulated the Mangalore team on its new smart office.
Sanil Kumar KV. Associate Director, Geojit, said though some may feel that the stock market is going through tough times presently, they must be patient and stay invested and they would be rewarded. Patience and a clear understanding of the thumb rules of investment is the key to a fortune, he said. The Systematic Investment Plan is best as it averages out volatility. He said Geojit is going from strength to strength progressively expanding its services and network across the country and converting its Mangalore office into a smart office is part of the larger plan to serve its clientele.
Suma J. Ashish, Regional Head, Geojit offered the vote of thanks which was followed by Puja on the occasion of Diwali and Muhurat trading beginning at 5.30 PM
Geojit is a leading retail financial services company in India with a growing presence in the Middle East. The company rides on its rich experience in the capital market to offer its clients a wide portfolio of savings and investment solutions. The gamut of value-added products and services offered ranges from Equities and Derivatives to Mutual Funds, Life & General Insurance and third party Fixed Deposits. The needs of over 9,65,500 clients are met via multichannel services - a countrywide network of over 479 offices, phone service, dedicated Customer Care Centre and the Internet.
Geojit has membership in, and is listed on, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). In 2007, global banking major BNP Paribas joined the company’s other shareholders - C J George, Founder and Managing Director, Kerala State Industrial Development Corporation (KSIDC) and Rakesh Jhunjhunwala – when it bought a stake and became the single largest shareholder.
The company also has a strategic presence in the Middle East region in the form of joint ventures and partnerships. Barjeel Geojit Securities, its joint venture with the Al Saud Group, is headquartered in Dubai, in the United Arab Emirates, and has branches in Abu Dhabi, Al Ain, and Sharjah. Aloula Geojit Capital Company, the joint venture with the Al Johar Group in Saudi Arabia is headquartered in Riyadh with a branch in Dammam. BBK Geojit Securities KSC, located in Kuwait, is a joint venture with Bank of Bahrain, Kuwait and JZA. QBG Geojit Financial Services LLC is the joint venture with QBG and National Securities Company and is based in Oman. In addition, the company has a business partnership with Bank of Bahrain and Kuwait in Bahrain.
Expanding range of online products and services
A trendsetter and pioneer in the capital markets, Geojit has proven expertise in providing online services. In the year 2000, the company became the first stockbroker in the country to offer Internet Trading by integrating the first Bank Payment Gateway. In 2010, it became the first company in India to launch trading through mobile devices. In 2013, the company again broke new ground, by being the first to launch India’s first social media (Facebook) trading application suite.
Currently, clients can trade online in equities, derivatives, currency futures, mutual funds and IPOs, and select from multiple bank payment gateways for online transfer of funds. Strategic B2B agreements with South Indian Bank, Corporation Bank and Federal Bank enable the respective bank’s clients to open integrated 3-in-1 accounts to seamlessly trade via our sophisticated Online Trading platform.
Certified financial advisors help clients to arrive at the right financial solution to meet their individual needs. The wide range of products and services on offer includes Equities, Derivatives, Currency Futures, Custody Accounts, Mutual Funds, Life Insurance & General Insurance, e-Insurance, IPOs, Portfolio Management Services, Property Services, Margin Trading and Loans against Shares.
A growing footprint across the Country
With a presence in almost all the major states of India, the company’s network of offices presently covers 19 States and 2 Union Territories: Andhra Pradesh, Goa, Gujarat, Haryana, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Orissa, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, Jharkhand, Telangana and West Bengal, Pondicherry and Chandigarh.
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