Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Niyogin Fintech to expand MSME business

Posted On: 2018-09-06 13:34:42

Niyogin Fintech is on a journey of democratizing finance for MSMEs through an empowering ecosystem of products, partnerships, technology and exceptional customer experience; Niyogin had started this foray with providing collateral free credit to small businesses and is now building further synergies in line with its vision. Niyogin has over 280 distribution channel partners in more than 80 locations across 6 states as we expand our business pan India.

Moneyfront, a wholly owned subsidiary of InvestDirect Capital Services Pvt. Ltd. is an automated direct plan platform provider helping clients invest in mutual funds and other fixed income instruments. It enables users to consolidate their fund holdings digitally from traditional channels to direct channel with the aim of upselling higher value products along with building advisory capabilities. In a span of 20 months, Moneyfront has enabled transactions of over 600 crores through their digital interface. With a client base of over 10,000, roughly 40% are from beyond the top 8 cities.

The niyogin Moneyfront partnership is positive for the shareholders of both organizations. The partnership will help Moneyfront accelerate its growth by leveraging niyogin's distribution channel and state of the art technology platform while allowing niyogin to take a significant step forward in building its knowledge and capabilities within the wealth solutions domain; This is in line with Niyogin's vision of creating a value-based ecosystem with the customer at the center of this thought.

"We are excited to partner with Moneyfront where I believe that the combination of wealth solutions and talent which Moneyfront brings to the table will enable deepening of our existing client relationships while being value accretive to our shareholders." - Amit Rajpal, Non-Executive Chairman & CoFounder.

"We are delighted to enter into a strategic partnership with niyogin which provides us the necessary capital for growth, adds to our technology & data prowess whilst providing us systematic access to Tier 2 & Tier 3 cities - all being key drivers for building a successful wealth business." - Mohit Gang, Co-founder & CEO.

The Indian mutual fund industry has seen a five-fold growth in assets under management over the past decade with the potential to address a market of INR 200 trillion (~$3 trillion) in the next 5 years according to an article published in ET. With this strategic partnership, niyogin and Moneyfront will have the solutions, platform and distribution heft to address the credit and the wealth needs of the underserved customers in non-urban locations pan India.

Shares of Niyogin Fintech Ltd was last trading in BSE at Rs.137.8 as compared to the previous close of Rs. 142.2. The total number of shares traded during the day was 1776 in over 35 trades.

The stock hit an intraday high of Rs. 142 and intraday low of 136. The net turnover during the day was Rs. 247222.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Laffans Petrochemicals Ltd reports jump in Q2 PAT to Rs. 2.93 crores

RSWM Ltd Q2 PAT at Rs. 8.08 crores

Porwal Auto Components Ltd reports higher PAT of Rs. 1.21 crores in Q2

Sun Pharma Q2 FY19 loss at Rs. 218.82 crores

Shreyans Industries Ltd Q2 net profit up at Rs. 8.62 crores

GE T&D India Ltd Q2 PAT higher at Rs. 51.48 crores

Arman Financial Services Ltd Q2 FY19 consolidated PAT vaults to Rs. 5.40 crores

Shivalik Rasayan Ltd Q2 net profit down to Rs. 4.53 crores

INEOS Styrolution India Ltd Q2 PAT slumps to Rs. 7.01 crores

Mayur Uniquoters Ltd posts lower Q2 FY19 net profit of Rs. 20.02 crores

Lovable Lingerie Ltd Q2 net profit down to Rs. 1.39 crore

DCM Ltd reports PAT of Rs. 3.02 crores in Q2 FY19

Sunteck Realty Ltd Q2 net profit falls to Rs. 54.66 crores

DISA India Ltd Q2 FY19 PAT vaults to Rs. 9.12 crores

NMDC Ltd Q2 PAT lower at Rs. 636.49 crores

IRCON International Ltd Q2 net profit climbs to Rs. 83.57 crores

Novartis India Ltd Q2 PAT slides to Rs. 9.37 crores

Kama Holdings Ltd posts net profit of Rs. 18.41 crores in Q2 FY19

KIFS Financial Services Ltd Q2 net profit flat at Rs. 0.647 crore

Engineers India Ltd Q2 net profit at Rs. 97.77 crores

SMS Lifesciences India Ltd Q2 PAT zooms to Rs. 4.41 crores

IITL Projects Ltd Q2 FY19 net profit jumps to Rs. 3.03 crores

Skipper Ltd Q2 net profit plunges to Rs. 2.49 crore

Varroc Engineering Ltd Q2 consolidated net profit climbs to Rs. 100.86 crores

United Bank of India Q2 loss at Rs. 883.17 crores

Bombay Dyeing and Manufacturing Company Ltd Q2 FY19 PAT surges to Rs. 246.28 crores

Ramky Infrastructure Ltd Q2 net profit up at Rs. 11.28 crores

IST Ltd Q2 FY19 net profit soars to Rs. 3.30 crores

Vardhman Holdings Ltd Q2 net profit declines to Rs. 23.04 crores

Jaysynth Dyestuff India Ltd Q2 PAT jumps to Rs. 1.18 crore

Mangalam Cement Ltd reports net profit of Rs. 3.12 crores in Q2

JBM Auto Ltd posts consolidated Q2 PAT of Rs. 23.20 crores

Apollo Tyres Ltd consolidated Q2 PAT falls to Rs. 146.04 crores

Paul Merchants Ltd Q2 PAT at Rs. 4.28 crores

Shristi Infrastructure Development Corporation Ltd posts net profit of Rs. 0.33 crore in Q2

Allsec Technologies Ltd Q2 FY19 consolidated PAT drops on provision

B & A Ltd Q2 net profit slips to Rs. 15.22 crores

Hawkins Cookers Ltd Q2 FY19 net profit lower at Rs. 17.59 crores

Indian Terrain Fashions Ltd Q2 PAT up at Rs. 8.19 crores

Allahabad Bank Q2 loss at Rs. 1822.71 crores

Anup Malleable Ltd reports H1 FY19 net profit of Rs. 1.719 crore

Kamdhenu Ltd Q2 FY19 PAT rises to Rs. 5.19 crores

Captain Pipes Ltd H1 net profit at Rs. 0.17 crore

Sutlej Textiles & Industries Ltd Q2 PAT falls to Rs. 24.85 crores

Mirza International Ltd Q2 consolidated PAT slips to Rs. 16.10 crores

Southern Magnesium & Chemicals Ltd Q2 PAT zooms to Rs. 0.88 crore

Morganite Crucible India Ltd posts higher PAT in Q2 FY19

B&A Packaging India Ltd Q2 PAT declines to Rs. 1.50 crore

DIL Ltd Q2 consolidated PAT zooms to Rs. 31.95 crores

Universal Starch-Chem Allied Ltd Q2 loss at Rs. 1.08 crore

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018