- Business
- Geojit Financial Services Limited (GEOJITFSL.BO), headquartered in Kochi, Kerala, and founded in 1987 by C.J. George, operates as a leading Indian investment services company with a strong presence across India through over 480 branches and in Gulf Cooperation Council countries via joint ventures including Barjeel Geojit Financial Services LLC in the UAE, BBK Geojit Securities KSC in Kuwait, QBG Geojit Securities LLC in Oman, Aloula Geojit Capital Co. in Saudi Arabia, and a business partnership with Bank of Bahrain and Kuwait in Bahrain; the company offers a comprehensive range of financial products and services encompassing online broking in equity, currency and commodity derivatives; margin trading funding and loans against shares via subsidiary Geojit Credit; distribution of mutual funds, initial public offerings, bonds, sovereign gold bonds, life and general insurance; portfolio management services including the BEACON Fund flexi-cap portfolio and Dakshin multi-cap PMS; depository participant services; financial planning and advisory through tools like STEPS and online platforms; digital trading apps such as Flip, Selfie, TraderX, FundsGenie for mutual funds, and Smartfolios for curated stock baskets; global investments via Geojit IFSC at GIFT City for US stocks, overseas mutual funds and derivatives; private wealth management targeting non-resident Indians; and alternative investment funds, serving over 1.4 million clients with assets under custody exceeding Rs 1 lakh crore primarily in southern India and the Middle East. In recent developments, the company transferred its core securities broking, clearing, settlement, margin financing, depository and research analyst operations to wholly owned subsidiary Geojit Investments Limited on March 21, 2025; incorporated Geojit Investments Limited as a subsidiary in FY2024; established Geojit IFSC at GIFT City, Gandhinagar in FY2024 for international investments; launched a digital platform for loans against mutual funds and shares; announced a scholarship scheme for professional courses and unveiled the "IL Take Care" app under development; reported Q2 FY26 results on October 26, 2025 with total income of Rs 173 crore reflecting a strategic shift toward fee-based wealth management, insurance distribution surging 343% sequentially to Rs 27.37 crore, and mutual fund AUM reaching Rs 16,751 crore alongside investments in technology hiring over 180 tech employees and expansion beyond Kerala including a new entity in Dubai International Centre; appointed Jayakrishnan Sasidharan as Executive Director and Chief Information Officer and Pawan Parakh as Fund Manager for Portfolio and Managed Assets; and approved a Rs 200 crore rights issue proposal in Q1 FY25 subject to regulatory approvals.