Centrum Capital sees 30% revenue growth in FY12

Financial service group Centrum Capital (CCL) today said it is expecting to maintain a 30% growth in revenue in 2011-12, following its expansion in the financial services segment.

Over the last decade, Centrum has established itself as one of the leading financial services groups in the country by aggressively and consistently participating in all exciting opportunities the sector offers, CCL Executive Director Samir Bahl told PTI.

"Last 3-4 years, our revenues have grown at the CAGR of 30%. We are confident that this year too, we will maintain our growth rate," he said.

In line with the company's expansion plans, CCL recently entered into a strategic alliance with US-based Simmons & Company International, a leading global energy focused investment bank to help private, domestic and international companies gain entry into the oil and gas sector in India.

 

CCL realised that the dynamics of the oil and gas sector and especially exploration and production (E&P) is much different from conventional industries and, hence, it requires specialised corporate finance services, he said.

"To this regard, CCL recently started a dedicated Oil and Gas Investment Banking practice and this association will exclusively be for inbound and outbound India related opportunities," he said.

Under this 50:50 strategic alliance, CCL will provide all the ground work, while Simmons & Company International will give their domain expertise, as it is a private investment bank that specialises in energy research, trading and capital structuring, he said.

Shares of CCL closed the day at Rs 1,110 on the Bombay Stock Exchange, up 2.78% from its previous close.