Delhi-based financial services company Alankit group has plans to expand in the south.
“We are expecting about Rs 70 crore revenues from Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Odisha during the next fiscal. In view of this, we are setting up more sub brokers across these states,” Rajagopal Reddy Guduru, director (Marketing), Alankit group, said.
The group has regional offices in five states and about 100 sub-brokers. It is now targeting to increase sub-brokers to 500 by the end of this fiscal.
Alankit provides financial services like depository services, stock broking, commodity broking, PAN centre, online IPO and medical insurance. It plans to add four-five new services by the end of this fiscal, according to Reddy.
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