IFCI Financial Services Limited (I-Fin), financial products and services provider subsidiary of Industrial Finance Corporation of India Limited (IFCI Ltd) has started its first office in Saurashtra region at Rajkot.
I-Fin already has two branches in Gujarat at Ahmedabad and Bharuch. The company is also looking at opening new offices in Surat and Bhavnagar as well as Jamnagar in days to come.
“Small cities have very good potential for new businesses in stock market and we are hoping to do our best here in Rajkot,” said DV Ramesh, chief operating officer, I-Fin.
So far the company has dealt with institutions only but now we have expanded over network to cover retail investors. The company currently has strong presence in Southern India and plans to increase its is footprint across India.
I-FIN is involved in stock broking, investment banking, mutual fund distribution and advisory services, depository participant services and insurance products distribution.