With the vision to meet the financial needs of a diverse client portfolio, SKI Capital Services, a premier and established stock broking house believes in growing with its franchisees. In an interview, Narinder Wadhwa, Director, SKI Capital Services Ltd shares the journey of his company and its future plans.
Ramanjit Kaur (RK): Shed some light on the inception of the SKI Capital Services Ltd?
Narinder Wadhwa (NW): SKI Capital Services Limited (SKI) is an established and premier financial and stock broking house with a vision to offer various financial services and products in such a way that it leads to optimum gains for the entities involved in these transactions. The company was incorporated as a Private Limited Company on 15th July 1993 and was converted into a Public Limited Company on 29th September 1993. The company enjoys the honour of serving a large number of valued customers to their satisfaction. Everything we do is backed by fundamentals so as to put our clients’ needs first. SKI is committed to provide a wide range of resources and expert, objective guidance that is not always driven by commission or clouded by conflicts of interest.
Our group company SKI Consultancy Services Limited is a member of National Commodity Exchange of India Limited (NCDEX) and Multi Commodity Exchange (MCX).
RK: What is SKI Capital Services all about?
NW: We are a one-stop financial services shop, most respected for quality of its advice, personalised service and cutting-edge technology. At SKI we offer you all investment options, you can trade in equity, derivative, commodity and currency. SKI provides a whole range of products and services to fulfill the needs and requirements of a diverse client portfolio. SKI facilitates trading activities in all the major market segments including; equity, derivatives, commodities, and currency futures. We also have whole bucket of other services like online trading, depository, IPO, mutual funds, insurance, PMS, and research to provide you extra edge over others.
RK: What are the eligibility criteria for selecting the franchisees?
NW: We are looking at an entity (individual, company or partnership firm) with good track record and reputation in financial services/ other business/ social circle with good client base. The aspirant should have a good educational background educated with high caliber and have the zeal and potential to capture a larger market share. He should have the capacity to invest Rs two to three lakh initially in the project. An area of 200 to 500 sq. ft with good location is required to open the outlet.
RK: What kind of support and services a franchisee will get when partnering with you?
NW: Our franchisees or business partner would receive the marketing support through TV, newspaper, website, marketing collaterals, seminars and events, outdoor signage posters, standees, canopies, newsletters and product e-mailers etc. We even train the employees of our franchisees or business partner on all the product offerings. Consistent assistance will be provided in understanding different aspects across the product line. We also provide support with online trading, research and same day account opening.
RK: How many franchised outlets do the company presently have?
NW: We are presently operating through 300 franchisees across the nation.
RK: What are the future plans of the company in terms of expansion through franchising?
NW: We are looking at having 500 franchised outlets by 2011 throughout the nation.