JRG Securities optimistic of 10-15 per cent growth in its investor base

KOCHI: JRG Securities Ltd is optimistic of a 10-15 per cent growth in its investor base of 160,000 in the current fiscal and is eyeing geographical growth, a top company official today said.

"This is a challenging year. There is space opening up as large players are going to defocus from brokering or are coming out. This will give us space to grow and so we need to expand geographically," JRG Group CEO Anand Tandon told reporters here.

JRG presently has 80 branches across the southern states and Maharashtra and was working on hub and spoke model. There is need to focus on metros, mini metros, he said adding the company would be looking at covering more regions in northern and eastern India. It had recently opened office at Delhi.

Two of JRG's original founders-- Reji Jacob, former Managing Director of JRG Securities, and Jiji Antony will be re-associating with the company as mentors, he said.

Reji Jacob said the brokerage business was likely to consolidate given market volatility and revenue pressures. 'We see several intermediaries exiting or scaling down their businesses... There is need to woo the tech savy generation next," he said.

Focused on the retail investor, JRG offers a full range of financial products covering equity, currency, commodity, insurance, debt, mutual funds, financing and real estate consultancy.