Achiievers

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Achiievers Equities Ltd
Type Private
Industry Stock Broker
Founded 2010
Headquarters Kolkata, West Bengal, India
Key people Suman Chakrvarty-Founder, MD & CEO
Services Equity Trading,
Derivatives Trading,
Currency Trading,
Commodity Trading
Employees 94
Subsidiaries ACHIIEVERS WEALTH ADVISORS PVT LIMITED
Website www.achiieversequitiesltd.com

Achiievers is an India based financial service company (member of NSE, BSE, MCX and MCX-SX) that trades in the field of broking, distribution, gold loan and commodities. The company was founded in the year 2010 and is headquartered in the Indian state Kolkata. It is an official member of NSE's consultative committee for growing business.[1]

"Discount broking" model[edit]

The company claims to provide one of the cheapest brokerage plans in online trading programme.[2] Online "discount broking" gained popularity as a concept in the US in the late 1990s and early 2000s, and now dominates the business. In the US the entry of discount broking firms such as E*Trade, TD Ameritrade and Charles Schwab in 1990s had forced big brokers such as Goldman Sachs and Bank of America to shut down their retail broking divisions.[3]

Corporate affairs[edit]

Achiievers has a client base of more than 10000,and clocks 1000 crore turnover daily, that too by retail clients only, which accounts for more than 3% in Indian Capital Market considering retail business, as they don’t do any proprietary trade which they have declared to SEBI and All the Exchanges. Company offers commodities trading through its group company Achiievers Commercial Private Limited.[4]

Achiievers have diversified into Lending Business through their NBFC arm Achiievers Quick Gold Loan, specially into Gold Loan & Margin Funding Business and has opened their first Gold Loan Branch in July 2013.[5]

Branch[edit]

The company has 6 branches and 200 franchisees in India. It has 240 trading centers that work directly under the headquarters of the company.[6]

Product[edit]

  • Trading account
  • Demat account,
  • Mutual Fund
  • IPO
  • Bonds/NCD
  • Fixed Deposits and
  • Online Portfolio Tracker.

Subsidiaries[edit]

Achiievers Commercial Private Limited
Achiievers Quick Gold Loan
Achiievers Wealth Advisors (Pvt) Limited

References[edit]

Make It Count-Discounts are always good-Achiievers Equities Ltd 10-12-2014

External links[edit]

See also[edit]