EXPANSION
OF BRANCH NETWORK AND OPERATIONS –
TO 500 OUTLETS
The
Company’s head office has
been catering mainly to the Institutional
and High Networth clients and the
branches cater exclusively to the
retail sector. The Company presently
has 30 branches/outlets with 150
trading terminals because of which
the retail reach of the Company
is very limited and the revenue
from retail sector is less than
20% of the Company’s total
revenue. With the changing demographics
of India, retail sector has a huge
potential and can be a main driver
of business in today’s time.
To
tap a larger retail segment, the
Company is planning to expand its
branch network (outlets) from 30
to 500 in the next three years i.e.
2010-11. The branches will be set
up in the areas accross the country
to have PAN India presence.The branches/outlets
will report to the regional offices,
who in turn will report to the Head
Office in Mumbai.
The
Company proposes to set up the above mentioned
number of branches over a period of 3
years, as follows:
