Trifid Research targets 10 branches, revenue of Rs 20 Cr in FY13
The company has initiated talks with some venture capital companies that can bring in investment to fund the expansion plans.
- (1888PressRelease) September 12, 2015 - Trifid Research Pvt Ltd., an share market investment advisory firm that focuses on intraday traders, is planning to open 8 to 10 branches across the india and more than double its revenue to Rs 20 Crore by this fiscal-end.
"Trifid Research is planning to add 10 more branches and will recruit more than 300 people to its payroll this fiscal year," Trifid Research CEO Mr. Vivek Tyagi told.
The company has initiated talks with a few companies that can bring in investment to fund the expansion plans.
At present, Trifid Research has operational offices in Indore and employs more than 200 employees.
Intraday trading is a concept wherein, 1000 of small investors crowd every day to make a fortune from the every minute change in stock prices. The concept is getting more popular day by day and the growth of technology in latest years has added to the boom.
Giving details Tyagi said currently, there are 13 million Demat and trading accounts out of that 1 million is active intraday traders, of which 65 % are serious day traders (6.5 lakh people).
"We currently the company has 200 resources and 10,000 clients. Already having tasted success the company plans to pursue the same principles in the future," he said.
About the author:
Vivek Tyagi is the CEO of Trifid Research Pvt. Limited. Trifid Research was the winner The Most Promising Financial Services company of the Year 2015. He did his Masters in Finance from CIMI Indore.
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