5paisa.com opens 3 offices in Andhra

India Infoline Group's 5 paisa.com, a leading online stock trading company, has opened its branch offices at Rajahmundry (East Godavari), Guntur and Prakasam districts recently.

The expansion is in keeping with the company's strategy of taking advantage of the ongoing boom in equity as well as the rise in commodity trading business.

Speaking to Business Standard, Nirmal Jain, managing director of the company, said that the company offers stock broking, derivatives and commodities trading services in all its branches.

"5paisa.com has seen its business grow rapidly in the last five years through a combination of highly-acclaimed research, prompt and need-based customer service," he said.

"The company did not merely believe in rock-bottom brokerage but it is mainly engaged in research on commodities. Investors are benefiting immensely from its in-depth analysis and advice available at the click of the mouse. For those who prefer to trade the traditional way, India Infoline investor points are available across the country with highly-qualified and well-trained relationship managers who are guiding investors to make the best of commodity trading," Jain said.

"India Infoline has 40,000 investors. 5paisa.com's success is built on the pillars of service, technology etc. The customers can have instant access to an online toll-free number," he added.

India Infoline was founded by a group of professionals in 1995. Its institutional investors include Intel Capital, one of the leading technology companies in the world promoted by the U K government, ICICI,TDA and Reeshanar.

The group offers a slew of investment products, stock brokiing, commodities broking, mutual funds, fixed deposits, GOI relief bonds, post office savings and life insurance. India Infoline is the country's leading private sector company in life insurance.