CapitalVia Global Research, an investment advisory firm that focuses on day traders, is planning to open 12-15 branches across the country and more than double its revenue to Rs 35 crore by this fiscal-end.
"CapitalVia Global Research is planning to add 15 more centres this financial year and will recruit 300 more people to its payroll this fiscal year," CapitalVia Global Research CEO Rohit Gadia told PTI.
The company has initiated talks with few venture capital companies that can bring in investment to fund the expansion plans.
At present, CapitalVia has operational offices in Indore, Bangalore, Ahmedabad, Singapore and Delaware (US) and employs more than 500 employees.
Day trading is a concept wherein, thousands of small investors throng every day to make a fortune from the minute by minute change in stock prices. The concept is getting popular day by day and the growth of technology in recent years has added to the boom.
Giving details Gadia said currently, there are 13 million demat and trading accounts out of that 1 million is active day traders, of which 65 per cent are serious day traders (6.5 lakh people).
"We currently have only 2500 customers that leaves us with a huge market to explore," he said.