by Rajen KumarMiddlemen Rule PSU Banks
The Union Finance Ministrys recent advisory to the public sector banks to take a tough stand while sanctioning loans to the corporate houses is, to say the least, amusing. The advisory,...
Special ReportsOct 2013
Association of Healthcare Providers India AHPI represents the vast majority of healthcare providers in India to work as not for profit organization for advocacy with...
Experience the Simplicity of Investing at SKI
Narendra Wadhwa puts it very succinctly with assurance flooding his visage. Today's investor is very discerning and wants his money to be vested in the right hands. All he needs is objective guidance and personalized services to meet his specific needs. 'At SKI, we ensure that our clients avail of the most reliable, fast and dependable financial services supported by world class standards' Wadhwa informs SME WORLD.
Why, how and when did the saga of SKI begin?
Wadhwa: Well I am a CA by qualification and practiced for 10 years upto the year 2000. Then after I ventured out to set up SKI enterprises for giving financial and broking facilities. We had in fact started small and went on to acquire membership of the BSE and the NSE to begin operations.
You have had a flourishing career as a Chartered Accountant. What was your major motivation behind starting SKI Capital?
Wadhwa: At the point of time when SKI was only an idea, the country's economy was growing at a scorching pace. We foresaw that there will be huge capital formation in the country. And this scenario propelled the demand for mediators. Every person with a bank balance was apt to become an investor. We spotted an opportunity in this area and took the plunge.
What are the core areas of your business?
Wadhwa: Our core areas are equities and commodities trading. We also offer insurance services and investor education. We conduct a number of workshops and seminars for the dissemination of information. We have received good response.
What is your client base till date? What chunk of your clients are SMEs?
Wadhwa: Owing to our efficient services and credibility we have a proud clientele of over 25, 000 clients all over India. Our clients include iniduals, corporates and institutions. We have quite a few SME clients.
What are your biggest strengths as an organization?
Wadhwa: We are an emerging enterprise and have a known presence in the financial arena. We have a dynamic online presence as well. What is unique is that we follow the boutique business model while rendering financial services and then the taxation part. Our services are highly personalized and tailored to suit the needs of inidual clients.
Have the Indian stock markets bottomed out finally?
Wadhwa: Not really. In fact we expect the market to witness new lows. There is a lot of uncertainty owing to the ongoing elections and also because of the fluctuations in the world financial markets. We expect a lot of volatility in the coming three-four months.
Indian markets are one of the most volatile markets in the world. How do you compare them vis-à-vis other markets?
Wadhwa: We are actually a shallow market. However increased participation of HNIs and FIIs will bring in good depth to the market. Our stock markets are unique. We have all industry segments represented on the exchanges. This is in contrast to other stock markets, say that of South Korea where they have only IT stocks put up for trading.
Are our markets more prone to sentiment rather than to economic pressures?
Wadhwa: Well markets all over the world are driven by investor confidence. Our beta is strong. With more regulatory mechanisms coming in place we will have more matured markets.
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
Of the 80 odd seasons that he has been through, he savoured less springs and suffered more rains, proverbially. Not that time took a toll on his age, it was his own siblings who dumped, nay disowned,...
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