Capstocks to open 2 more offices in UAE

Thiruvananthapuram-headquatered financial services company, Capstocks and Securities India, has firmed up plans to add to its overseas operations in a year's time.

Capstocks managing director V Rajendran said here that the company would open two more offices in the United Arab Emirates (UAE) by the next fiscal. It already operates an office in Sharjah.

The company, which has 60 outlets in various states in India, is also planning to expand its activities to more places. Its Secunderabad office is scheduled to begin functioning next month.

Rajendran claimed that Capstocks was the first stock broking company in the country to have been awarded the prestigious ISO 9001: 2000 certification.

"The Sebi-registered portfolio manager is the first among stock broking firms to be chosen for the certification for all stock broking and related financial services activities, including cash markets, derivatives, internet trading, depository services, portfolio management services, equity research and analysis, NRI client cell and mutual funds."

Capstocks would receive the certification from the renowned United Kingdom Accreditation Services (UKAS), based on the assessment by Moody International through ICL Certifications Ltd, added Dilip Jacob Mathew, vice-president, Capstocks, and M Pradeep Kumar, management systems consultant.

The certificate will be handed over to Capstocks on September 23 at Thiruvananthapuram by Uwe Sealzle, director, Moody International, in the presence of Sanjeev Chadha, CEO, ICL Certifications Ltd.