You are here: Home » Companies » News
Business Standard

CapitalVia to enter Gujarat

BS Reporter  |  Mumbai/ Ahmedabad 

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.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, September 15 2010. 00:25 IST