Of late, the bumpy ride of the bulls at the bourses has brought tears even to the stone eyed and has fuelled the slowdown in mutual
funds, insurance and other investment instruments. But for Bandyopadhyay the going has never been better. “We will continue to remain bullish in the long run as well as in the short run. We sell a basket of products including loans, credit cards, money transfers, et al, so sensex volatility does not matter in the overall context of our company,” he claims. This CEO believes that with 330 million bank accounts in India and 30 million unique mutual fund folios there is a huge scope for market expansion into hitherto untapped areas.
His confidence is also rooted in actual results. In spite of the volatility of the Indian bourses, Reliance Money has acquired the fastest 2 million customers in the industry. Besides, the company has also set a record of adding a swashbuckling 5,000-7,000 customers daily in their portfolio, with an average daily turnover of Rs.2000 crore that represents about 4% of the total turnover at NSE and BSE.
Given that the Indian retail brokerage market is expected to reach $6,535.7 billion by 2015, the latent opportunity within the country is phenomenal. The fact that Reliance Money is also banking in a big way on its overseas diversification is only the icing on this brokerage firm’s cake. Increased competition in the domestic market and lucrative business opportunity in West Asia are luring Reliance Money to global pastures. The plan is to set up offices in six-seven strategic locations around the world in FY2008-09. “We are planning to be in Singapore along with locations in the Middle East, as these are the markets through which we can expand further,” affirms Bandyopadhyay. The firm has already identified locations like Kuwait, Bahrain and Doha in the Middle East, where their set-up is expected to be functional in the first quarter of this financial year.
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Source : IIPM Editorial, 2008
funds, insurance and other investment instruments. But for Bandyopadhyay the going has never been better. “We will continue to remain bullish in the long run as well as in the short run. We sell a basket of products including loans, credit cards, money transfers, et al, so sensex volatility does not matter in the overall context of our company,” he claims. This CEO believes that with 330 million bank accounts in India and 30 million unique mutual fund folios there is a huge scope for market expansion into hitherto untapped areas.His confidence is also rooted in actual results. In spite of the volatility of the Indian bourses, Reliance Money has acquired the fastest 2 million customers in the industry. Besides, the company has also set a record of adding a swashbuckling 5,000-7,000 customers daily in their portfolio, with an average daily turnover of Rs.2000 crore that represents about 4% of the total turnover at NSE and BSE.
Given that the Indian retail brokerage market is expected to reach $6,535.7 billion by 2015, the latent opportunity within the country is phenomenal. The fact that Reliance Money is also banking in a big way on its overseas diversification is only the icing on this brokerage firm’s cake. Increased competition in the domestic market and lucrative business opportunity in West Asia are luring Reliance Money to global pastures. The plan is to set up offices in six-seven strategic locations around the world in FY2008-09. “We are planning to be in Singapore along with locations in the Middle East, as these are the markets through which we can expand further,” affirms Bandyopadhyay. The firm has already identified locations like Kuwait, Bahrain and Doha in the Middle East, where their set-up is expected to be functional in the first quarter of this financial year.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
why PE players are falling over themselves to invest in such companies. The deals are meant for multiplying money. While telecom is a capital intensive field, the investment will reap good returns. As for Bharti, it will use this amount in expanding its present network. The risk gets overshadowed as Bharti is an experienced player in the sector and is likely to use the money well. Almost all investors in this club deal are financial investors, and not strategic ones. They will be looking at creating value for the business in the next few years, as was eminently visible when share prices shot up, just after the deal took place.”
to a good start with first quarter net revenue up at 13%, or $3.4 billion, from a year earlier to $28.5 billion, speculations on a grim PC markets is all it takes to put a question mark on HP’s future prospects. Moreover, considering the fact that Dell will soon be reaping the benefits of its retail strategy (as it decided to sell through the indirect route from last year), it will be difficult for Hurd to maintain HP’s dominant position in the global PC market. While one really cannot doubt Hurd’s style of running this giant, his job now is to sell more rather than clean internally.
on GSM, RCL started its CDMA services in India. With cheaper handsets, RCL effectively catered to the masses. Although the ARPU was declining, but with the addition of more people into the network, RCL was able to obviate its impact on its bottomline. RCL’s consistent focus on maintaining lower churn from its network and providing its services at affordable rates led to increase in its profitability in the long run. The company has maintained its focus on companywide RoI well, rather than targeting per customer parameters. This has led to consistent rise in revenues and profitability over the years. 
and are not satisfied easily. We constantly innovate and strive to better ourselves each time, besides being very conscious about our brand value, which translates into quality, durability and reliability. For us ‘the’ customer is very important and therefore we always try to give him the best. We constantly track evolving customer’s preferences, trends and expectations by identifying need gaps. We therefore represent perfection because Toyota continuously strives to give its customers the ‘coveted ownership experience’ that they expect from us.