Finvasia

From Bharatpedia, an open encyclopedia
Finvasia India
Founded2009
Founder(s)Tajinder Pal Singh
Sarvjeet Singh
Headquarters
Mohali, Punjab
,
India
Websitewww.finvasia.com

Finvasia is an Indian fintech company headquartered in Mohali, Punjab.

History[edit]

Ex Wall Street banker Tajinder Pal Singh and brother Sarvjeet Singh[1] started Finvasia in Canada in 2009 and ventured into India after registering with Securities and Exchange Board of India (SEBI) as Foreign Institutional Investor (FII, now FPI).[2]

In 2013, the company entered the retail brokerage market after receiving regulatory approvals from NSE and MCX.[3]

In 2015, Finvasia became trading Member of Bombay Stock Exchange Ltd (BSE) and The Association of Mutual Funds in India (AMFI).

In 2016, Finvasia received foreign direct investment (FDI) funding against a valuation of ₹150 crore from Mauritius based Intrinsic Investment Limited.[2][4] In the same year it was named among the 20 Most Promising Banking Solution Companies by Silicon India.[5]

In 2017, the company received the license to operate as a non-banking financial corporation (NBFC) from RBI.[6]

In 2018, the company became member of National Commodity & Derivatives Exchange Limited (NCDEX) & received SEBI registration to allow its clients to trade on NSE, BSE, MCX & NCDEX from a single trading account.

Awards[edit]

2017: Awarded Best Trading Execution or Brokerage Platform' at the 2017 Benzinga Global Fintech Awards in New York, USA.[7]

References[edit]

  1. ↑ "Finvasia expects to open 10 million accounts by 2020: MD and co-founder Sarvjeet Singh Virk". Free Press Journal.
  2. ↑ 2.0 2.1 D'souza, Vanita (2017-09-15). "These Brothers are using AI to Kill the Brokerage Model in Capital Market". Entrepreneur. Retrieved 2020-12-07.
  3. ↑ "Finvasia Approved to Transfer Commodity Membership in Capital Market". Punekar News. 2018-10-22. Retrieved 2020-12-07.
  4. ↑ "Finvasia gets FDI from Mauritius-based entity". The Tribune (Chandigarh). Retrieved 2020-12-07.{{cite web}}: CS1 maint: url-status (link)
  5. ↑ "20 Most Promising Banking Solution Companies in India - 2016". siliconindia. Retrieved 2020-12-07.
  6. ↑ "Finvasia gets licence to operate as NBFC". Tribuneindia News Service. Retrieved 2020-12-07.{{cite web}}: CS1 maint: url-status (link)
  7. ↑ "Finvasia bags Benzinga Global Fintech Award". The Tribune. Retrieved 2020-12-07.{{cite web}}: CS1 maint: url-status (link)
Information red.svg
Scan the QR code to donate via UPI
Dear reader, We kindly request your support in maintaining the independence of Bharatpedia. As a non-profit organization, we rely heavily on small donations to sustain our operations and provide free access to reliable information to the world. We would greatly appreciate it if you could take a moment to consider donating to our cause, as it would greatly aid us in our mission. Your contribution would demonstrate the importance of reliable and trustworthy knowledge to you and the world. Thank you.

Please select an option below or scan the QR code to donate
₹150 ₹500 ₹1,000 ₹2,000 ₹5,000 ₹10,000 Other


Retrieved from "https://en.bharatpedia.org/index.php?title=Finvasia&oldid=117307"