Kolkata, Sept. 1

Ashika, a local financial services company, has drawn up plans to extend its network to tier two and three cities in West Bengal, Bihar, Jharkhand and Orissa. The company has identified 100 small towns in the three States where it will appoint 250 sub-brokers and set up its own offices in some key places, hoping 20 per cent increase in its trade turnover and 30 per cent in investor base in next few yeas. “The semi urban area is completely unexplored market for stock and equity investment and we shall open branch offices in key markets and the sub-brokers in smaller towns will be serviced by these satellite offices,” according Mr Vikas Jain, director of the company. – Our Bureau

(This article was published in the Business Line print edition dated September 2, 2010)
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