Gokal group forays into risk broking

Wealth Advisors (India) Pvt Ltd, a full service investment advisory company of the JV Gokal group, has launched insurance broking services through its subsidiary WAI Insurance Broking Services (WAI IBS).

Wealth Advisors currently has a presence in Chennai, Bangalore, Delhi, Mumbai and Coimbatore and offers wealth management services to its high networth clients and services corporate clients based on their investment needs.

Its retail division, Wealthzone, is a one-stop-shop for financial products distribution to the retail investors and operates through 25 outlets across the country.

On the insurance foray, Mahadevan V, director, WAI IBS said, "WAI IBS is bullish on the insurance sector in india. The opportunities in both life and non-life are just emerging and there is a great need for quality advisors. Insurance broking license will be the best way to provide unbiased advice to clients individuals and corporates."

Wealth Advisors India (WAI) is part of the Rs 1,000 crore JV Gokal group established in 1952 and is today one of the leading commodity export houses in India specialising in tea blending, packaging and exports.

The group also has interests in commodity trading worldwide with its global businesses managed from offices located at Moscow, Hong Kong, Dubai and Colombo with plans to open offices in Brazil, Vietnam, Malawi and Kenya.