Stockify, a premier fintech company providing access to unlisted and pre-IPO shares, has laid out a set of big goals for the next year. It is expected that this strategic move will improve the company’s market competitiveness and business activity levels in the future years.
Image Source: ANI NEWS
Expansion Strategy
Stockify has expansion plans, especially opening a new office in Kolkata, which should be up and running by July of the year 2024. This new office will act as a regional operational center for the company in the eastern region of India and the firm is committed to increasing its strategic locations across the country. Also in the pipeline is the establishment of a Fund in Gift City, Ahmedabad with an aimed capital of USD 1015 million by December 2024. With this fund, it will be easier for this company to offer better investment opportunities to its clients.
Concerning the forecasts for 2025, it can be mentioned that Stockify is planning on opening a new office in the USA. It is also part of a larger plan to increase the company’s international market presence and gain access to the rich North American market. The new office will not only bring efficiency to Stockify’s operations but will also be useful in broadening the company’s contact base with investors and partners.
Ambitious Revenue Target
The revenue target of the firm for the next fiscal year has been set at 150 Crores by the management of Stockify. This target suggests confidence in the growth strategy adopted by the company and its capacity to unlock value in the emerging markets. The company has already shown annual growth including a turnover of more than USD 10 million in the fiscal year of 2023-24. This accomplishment proves that Stockify has not relented in its efforts to strive for the best and to provide value to its clients.
Another important factor that contributed to this growth is the company’s ability to come up with new products in the market. Stockify offers exempt market products that encompass pre-IPO stocks, startup investments, mutual funds, bonds, NCDs, and insurance-based investments. These products are intended to satisfy the demand of retail and wealthy investors, including NRIs, for high-quality targeted investment opportunities.
Leadership and Vision
The management of Stockify has been characterized by a strong leadership that includes the founder Piyush Jhunjhunwala and the co-founder Rahul Khatuwala. Piyush, a Chartered Accountant and CPA from the USA has over 20 years of experience working in a multinational industry. Rahul has the responsibility of leading Stockify in India and has been central to its growth and expansion.
Future Prospects
It is evident from Stockify’s expansion and growth strategies that it has ambitious and well-executed plans. Some short-term objectives include; In the next five years, the company aims to be among the leading players within the fintech niche by implementing its strategic plans and goals. Supported by exceptional leadership, a diversified product portfolio, and corporate goals, Stockify holds the potential to emerge as a leading financial technology powerhouse.
Conclusion
About its strategies for growth, Stockify’s goals include the continuous expansion of its operations, and the development of new and improved products to provide value to clients and generate sustainable revenue streams. The company believes in giving its best and coming up with better and new ways of doing things and this will shape the company’s future.
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