CapitalVia,an Indore based technical research firm that provides assistance for stock market trading, now plans to set foot in Ahmedabad. The company is looking to forge institutional tie-ups with business associations as well as partnerships with brokers in the city.
“We plan to start our operations in Ahmedabad within the next three to six months. Besides Ahmedabad,we are also looking at expanding our presence to other tier-II towns in the state including Vadodara and Rajkot within this quarter. This is a part of our national expansion plan, whereby we would enter markets like Hyderabad and Chennai within this quarter,” informed Rohit Gadia,founder and CEO of CapitalVia.
The firm has presence in Indore and Bangalore now. In Indore it operates from three units. “We are a debt-free company, and have a healthy cash flow. For funding the expansion we are open to raise funds through venture capital and private equity players as well as an initial public offering route.The major investment in a research intensive firm like ours would be in human capital more than infrastructure and we plan to recuit around 1000 people within another year,” Gadia explained.
CapitalVia is not a listed entity, and according to Gadia, it has recorded a 300 per cent rise in revenues in 2009-10 over the previous fiscal. “We are confident of clocking a 300 per cent growth this fiscal too,” Gadia claimed.