discount brokerage business model

So Raghu shifted base, staying with a friend in Ghaziabad near Delhi.
The trio did not let him down.
There he took interest in the forex markets that were open 24x7 throughout the year.
Theres not enough drama to fill up even the opening credits.Our 30 Under 30 list and methodology (This story appears in the 21 February, 2014 issue of Forbes India.Had the firm used a traditional model, the topline could potentially have been as high as Rs 600 crore (based on 1 paisa brokerage).Brought up in the US, Ravi started to trade in penny stocks when he was only.Raghu contacted Balasubramaniam V, chief business officer of BSE, who was looking for young traders.In fact, these three guys had a spark that was rarely seen in young traders, he says.Two years of full-time work earned them around 20 million; it also gave them the confidence to start a hedge fund.In 2011, the brothers felt that it was time to enter retail broking.But entry into the Indian markets would entail a greater understanding of India.Raghu has a very analytical mind which is critical for our business, says Puneet Maheshwari, director, business development, rksv.Now, that should be a whole new number game.They made a profit of around Rs 24 crore in three years.Now that doesnt put us cheap steak online uk in the top position in the market but we are gaining trust and our market share in the industry is only going up, says Raghu.There, even Jordan Belfort might be pleased.Rksvs topline is around Rs 17 crore because of the flat fee structure.Shrinivas, who had a job in computer networking with Citibank in New York, decided to join the brothers.
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It was time to shut shop and take a break.




In this, Raghus role has been critical.Raghu, who is four years younger than Ravi, studied actuarial science where he trained himself on numbers and probability.Zerodha, a Bangalore-based discount firm, is slightly bigger than rksv, but doesnt have many variants and doesnt allow trading on a monthly basis.Over the last two years, it has garnered 15,000 customers who are handled by 60 employees; it is growing at 5 percent every month in terms of traded turnover.Category: finance, you really cant make a Wolf of Dalal Street based on Raghu Kumars life.They applied for a BSE membership and, in the interim, came to Mumbai where they convinced a broker to allow them to trade via his infrastructure, through a profit-sharing arrangement.


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