CNI Research to appoint 3000 franchisees in 3 yrs

Mumbai-based CNI Research Limited is planning to appoint 3000 franchisees across India over a period of three years. Recently CNI InfoXchange Private Limited, a subsidiary of CNI Research Ltd has tied up with public sector banker, State Bank of India Ltd for distribution of its financial products like mutual funds, debt schemes and bonds.

"We have plans to expand our network, under which we would appoint 500 franchisees in India by September 2012. In the next three years we plan to open 3000 franchisees across the country," said Kishor Ostwal, CMD, CNI Research.

On creating a franchise network in the country, Ostwal further informed that CNI Research plans to focus on franchised operations in a big way. "We want to create a strong bouquet of products for our franchisees which makes them stand out from the other distributors of financial products. This will ensure a strong brand affiliation and create a steady income stream for them," he said.

The company is engaged in research content and retailing. It now enters in the franchisee model to spread its business operations. "For the franchisee model, we will target sub brokers, financial advisers and professionals as well as chartered accountants. The franchisee would sell our 24 products to the retail clients and give them financial services," Ostwal said.The BSE-listed CNI Research Limited is currently having partnership with Thomson Reuters, Capital IQ, Dow Jones, Blue Matrix, Capital Market.com and ISI Emerging Markets providing them research on the Indian mid and small cap companies. About 900 foreign institutional investors (FIIs) source research reports through these tie-ups.

CNI Research is also in talks with an American company for providing research contents.