MUMBAI, May 29, 2014
Capiflex Group announced today that it acquired EquityPandit Financial Services, India’s leading equity research company, for an undisclosed amount.
Capiflex Group, which has businesses in financial planning, insurance, real estate and education, would benefit by EquityPandit’s strong hold in the field of technical analysis and its core team.
Capiflex Group CIO, Subhash Dhayal, said that this acquisition would give Capiflex access to more than 3200 active customers of EquityPandit and would strengthen its presence pan India and in 32 countries where EquityPandit has a strong customer base.
“We have been tracking EquityPandit’s performance and consistency for almost two years now and looking at their sincere approach towards business and research, we moved forward this acquisition. This merger would help both companies and their clientele with better services, latest technologies and strong R&D. EquityPandit would operate independently but R&D and technology would be shared by both the companies to deliver better results to their clientele,” Capiflex Director Anupam Gandhi said.
“EquityPandit would be benefited by Capiflex’s technology and its core engineering team to develop mathematical models and highly accurate research for its clients,” said Darpan Shah, EquityPandit Financial Services R&D Head and Chief Operating Officer.
About Capiflex® Group
Capiflex is an ISO 9001:2008 certified organization that specializes in extending customized financial solutions to individuals and corporates. Capiflex provides every investment and insurance services at customer’s doorstep, which would help him to multiply his wealth in the most secured way. Capiflex facilitates customers with a single window for any investment, insurance or wealth generation services.
Capiflex has a proven track record of multiplying the wealth of its clientele, providing highest quality services and exceptional customer support. Capiflex had worked with the philosophy of building trust among its clientele and hence its customers have long-lasting relationship with Capiflex.
EquityPandit Financial Services (P) Limited is India’s leading equity research company which was established in the year 2005. EquityPandit has around 3200 active clients and 24000 subscribers around the globe, who enjoy huge profits in association with EquityPandit.
EquityPandit has been in this industry for a long time. In fact, EquityPandit was among the first few Indian entities in the Advisory domain to venture onto the internet. And now, EquityPandit has completed over 9 years in the online space.
Today, EquityPandit has clients in 32 countries worldwide that trust EquityPandit.
EquityPandit was the first company to bring research and advisory based on technical analysis on internet in India. Until then, only investment research was available on internet in India.