Share India Expands Ambitious Growth Strategy as Company Aims to Become First Indian Firm with Rs 1 Trillion Net Profit

New Delhi: In a move aimed at further solidifying its position in the financial services sector, Share India is set to focus on increasing its revenue through its retail broking division and expanding into investment products.

Chairman of the company, revealed that the firm has seen significant growth in demand for its margin trading facility (MTF) services, with bookings standing at Rs 250 crore by the end of September. The company's merchant banking arm also contributed to the growth, highlighting a strong focus on fee-based businesses.

Going forward, Share India aims to boost its EBITDA margin and expand its retail business aggressively. The firm plans to establish new branches in major cities and cater to nearby tier III and II cities, indicating a significant potential for growth in the coming years.

The Chairman also underlined that Share India will focus on offering investment products such as Alternative Investment Funds (AIF) and Portfolio Management Services (PMS), which are expected to be launched within the next six months. With the development of its wealth management arm, Share India is poised to become an integral part of the financial services sector.

In a related note, SEBI (Securities and Exchange Board of India) has announced new restrictions on derivative trading and market participation, aimed at ensuring sustainability in the market. Responding to these developments, Share India believes that it is well-positioned to withstand any challenges that may arise from the regulatory changes.

With its diversified business model and focus on fee-based businesses, Share India aims to become the first Indian company with a net profit of Rs 1 trillion within the medium-term horizon. The Chairman expressed optimism about the growth prospects of the company in the coming years, highlighting potential for significant expansion into new markets and offerings.

As Shares India prepares to embark on this ambitious path, the market is expected to continue growing, driven by increasing demand from Indian investors.