Anand Rathi Group makes south foray

Anand Rathi Group, an established financial services group, has made its foray into South India by announcing its operations in Bangalore.

This foray will enable the group to cater to the requirements of high networth individuals (HNIs) and corporates for wealth management, stock broking and investment banking services, while taking care of the distribution of financial products such as mutual funds units and insurance products.

Anand Rathi, chairman of the group, said: "The setting up of these operations is a manifestation of our desire to bring innovative wealth management products to our corporate and high networth investor clients in Bangalore. We intend to offer our placement capability and seek mandates to lead manage IPOs of companies in Bangalore. Our regional office in Bangalore will also offer services in corporate finance advisory services, in particular debt restructuring and performance in improvement through structured MIS."