Financial services and technology is one of the most promising sectors of the Indian startup space. Young entrepreneurs are vying to either get employed of become entrepreneurs in this space. Young financial pros are coming up with innovative technology solutions, as the millennial India move towards a cashless economy.
Entrepreneur India caught up with Kisan R Choksey, Chairman of KR Choksey Integrated Financial Solutions at the Vibrant Gujrat Summit 2017 on Tuesday. Choksey, who has been in the financial services domain for close to 60 years now, and had joined just after completing his graduation way back in 1960!
“Increased my knowledge by reading balance sheets!”
Talking about how the feasibility of entering this space has increased over the years Choksey said that at that point of time it was all about ‘speculation.’ I started going to the companies on official visits, reading balance sheets and increase my knowledge on fundamentals as compared to other people. This helped me increase my knowledge because at that point of time no one emphasized on fundamentals, he said.
What has changed?
Choksey said that today India is progressing and under the help of Prime Minister Narendra Modi, companies are likely going to increase their economic activities. “The importance capital marketing is going to increase because organizations will need more capital,” he adds.
Choksey further went on to add that the current investment banking domain depends on the new, upcoming companies.
According to the veteran entrepreneur, professionals working in the financial services industry must definitely study the fundamentals of the company thoroughly to become successful in the stock exchange. Today an Indian company not only competes with the local market but also needs to fight it out with the global economy, hence knowledge of both these markets is essential, he adds.
(Interviewed by Aashika Jain, Writing and Editing by Sneha Banerjee)