Broking industry must prepare for next downturn: Samco CEO Jimeet Modi

“Private equity and venture capital (PE/VC) firm-backed players pursue aggressive tactics to acquire clients without paying much heed to the bottom line, but we believe in profitable growth,” says JIMEET MODI, founder and chief executive officer of SAMCO Group. In an interview with Sundar Sethuraman, Modi says that the account aggregator framework will be the next game changer for the industry, and players with less than 50,000 clients will find it challenging to adapt to technological changes. Edited excerpts:

There is a change in the pecking order in the broking industry. What are your thoughts?
 

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