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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:

	2007-08	2008-09	2009-10	2010-11
No. of H.O./ Corporate Office	1	2	2	2
No. of Regional Offices	2	4	6	8
No. of Outlets opened during the year	30	170	200	100
No. of Outlets (cumulative)	30	200	400	500

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NSE SEBI Regn No.: INB230637630 | NSE Derivatives SEBI Regn No.: INF230637630
Depository: INDP CDSL 355 2006 | AMFI NO:ARN 25538 | MCX: MCX/TCM/CORP/0718

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