https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=FinvasiaFinvasia - Revision history2026-09-24T15:14:22ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Finvasia&diff=117307&oldid=prev>BrownHairedGirl: added Category:2009 establishments in Punjab, India using HotCat2021-04-09T08:15:40Z<p>added <a href="/w/index.php?title=Category:2009_establishments_in_Punjab,_India&action=edit&redlink=1" class="new" title="Category:2009 establishments in Punjab, India (page does not exist)">Category:2009 establishments in Punjab, India</a> using <a href="https://en.bharatpedia.org/wiki/BP:HC" class="extiw" title="wp:HC">HotCat</a></p>
<p><b>New page</b></p><div>{{Multiple issues|<br />
{{Notability|1=Companies|date=February 2021}}<br />
{{Primary sources|date=February 2021}}<br />
}}<br />
{{Infobox company<br />
| name = Finvasia India<br />
| logo = <br />
| logo_caption = <br />
| type = [[Privately held company]]<br />
| founded = 2009<br />
| founder = Tajinder Pal Singh<br>Sarvjeet Singh<br />
| hq_location_city = [[Mohali, Punjab]]<br />
| hq_location_country = India<br />
| area_served = <br />
| website = {{URL|https://www.finvasia.com/}}<br />
}}<br />
<br />
'''Finvasia''' is an Indian [[Financial technology|fintech]] company headquartered in [[Mohali|Mohali, Punjab]]. <br />
<br />
== History ==<br />
Ex [[Wall Street]] banker Tajinder Pal Singh and brother [[Sarvjeet Singh Virk|Sarvjeet Singh]]<ref>{{cite news|title=Finvasia expects to open 10 million accounts by 2020: MD and co-founder Sarvjeet Singh Virk|language=en|work=Free Press Journal|url=https://www.freepressjournal.in/business/finvasia-expects-to-open-10-million-accounts-by-2020-md-and-co-founder-sarvjeet-singh-virk}}</ref> started Finvasia in [[Canada]] in 2009 and ventured into [[India]] after registering with [[Securities and Exchange Board of India]] (SEBI) as [[Institutional investor#India|Foreign Institutional Investor (FII, now FPI)]].<ref name=":0">{{Cite web|last=D'souza|first=Vanita|date=2017-09-15|title=These Brothers are using AI to Kill the Brokerage Model in Capital Market|url=https://www.entrepreneur.com/article/300410|access-date=2020-12-07|website=Entrepreneur|language=en}}</ref><br />
<br />
In 2013, the company entered the retail brokerage market after receiving regulatory approvals from [[National Stock Exchange of India|NSE]] and [[Multi Commodity Exchange|MCX]].<ref>{{Cite web|date=2018-10-22|title=Finvasia Approved to Transfer Commodity Membership in Capital Market|url=https://www.punekarnews.in/finvasia-approved-to-transfer-commodity-membership-in-capital-market/|access-date=2020-12-07|website=Punekar News|language=en-US}}</ref><br />
<br />
In 2015, Finvasia became trading Member of [[Bombay Stock Exchange|Bombay Stock Exchange Ltd]] (BSE) and The Association of Mutual Funds in India (AMFI).<br />
<br />
In 2016, Finvasia received [[Foreign direct investment in India|foreign direct investment]] (FDI) funding against a valuation of ₹150 crore from [[Mauritius]] based Intrinsic Investment Limited.<ref name=":0" /><ref>{{Cite web|last=|first=|date=|title=Finvasia gets FDI from Mauritius-based entity|url=https://www.tribuneindia.com/news/archive/business/finvasia-gets-fdi-from-mauritius-based-entity-316959|url-status=live|archive-url=|archive-date=|access-date=2020-12-07|website=[[The Tribune (Chandigarh)]]|language=en}}</ref> In the same year it was named among the 20 Most Promising Banking Solution Companies by Silicon India.<ref>{{Cite web|title=20 Most Promising Banking Solution Companies in India - 2016|url=https://www.siliconindia.com/magazine-articles-in/20-most-promising-banking-solution-companies-in-india--2016-HWMY851532655.html|access-date=2020-12-07|website=siliconindia}}</ref><br />
<br />
In 2017, the company received the license to operate as a non-banking financial corporation (NBFC) from [[Reserve Bank of India|RBI]].<ref>{{Cite web|last=|first=|date=|title=Finvasia gets licence to operate as NBFC|url=https://www.tribuneindia.com/news/archive/business/finvasia-gets-licence-to-operate-as-nbfc-515809|url-status=live|archive-url=|archive-date=|access-date=2020-12-07|website=Tribuneindia News Service|language=en}}</ref><br />
<br />
In 2018, the company became member of [[National Commodity and Derivatives Exchange|National Commodity & Derivatives Exchange Limited]] (NCDEX) & received SEBI registration to allow its clients to trade on NSE, BSE, MCX & [[National Commodity and Derivatives Exchange|NCDEX]] from a single trading account.<br />
<br />
== Awards ==<br />
2017: Awarded Best Trading Execution or Brokerage Platform' at the 2017 Benzinga Global Fintech Awards in [[New York City|New York, USA]].<ref>{{Cite web|last=|first=|date=|title=Finvasia bags Benzinga Global Fintech Award|url=https://www.tribuneindia.com/news/archive/business/finvasia-bags-benzinga-global-fintech-award-412261|url-status=live|archive-url=|archive-date=|access-date=2020-12-07|website=The Tribune|language=en}}</ref><br />
<br />
== References ==<br />
{{Reflist}}<br />
<br />
{{Financial services in India}}<br />
{{Online brokerages}}<br />
<br />
[[Category:Financial services companies established in 2009]]<br />
[[Category:Indian companies established in 2009]]<br />
[[Category:Online brokerages]]<br />
[[Category:Brokerage firms]]<br />
[[Category:Financial services companies of India]]<br />
[[Category:2009 establishments in Punjab, India]]</div>>BrownHairedGirl