Geojit BNP Paribas Financial Services Ltd

BSE: 532285 | NSE: GEOJITBNPP | ISIN: INE007B01023 Market Cap: [Rs.Cr.] 425 | Face Value: [Rs.] 1 Industry: Finance & Investments

Company Profile
Geojit Financial Services Ltd is one of the leading financial services company in India. The company is involved in the business of brokerage services, depository operations, distribution of financial products, portfolio management services, overseas operations and commodity futures. The company is the largest DP brokers and the first to start online trading in the country. Geojit Financial Services Ltd was incorporated in the year 1994 as Geojit Securities Ltd. The Kerala State Industrial Development Corporation Ltd became a co-promoter of Geojit by acquiring 24% stake in the company. In the year 1995, the company became a member of National Stock Exchange and installed their first trading terminal in Cochin, Kerala. In the year 1997, the company became a Depository Participant under National Securities Depository Limited (NSDL) and began to provide Depository Services through their branches. In the year 1999, they became a member of Bombay Stock Exchange and activate Bombay Online Terminals (BOLT) in different branches. The company offered online trading which was inaugurated on February 1, 2000. In the same year, they commenced Derivative Trading and also established the first Bank Gateway in the country for Internet Trading. In the year 2001, the company became the first Indian Depository Participant to launch depository transactions through Internet. Also, they launched a joint venture company in UAE for serving NRI clients. In the year 2002, the company made a tie up with MetLife for the marketing and distribution of insurance products across the country. Also, they became the first online brokerage house to launch integrated internet trading system for both cash and derivatives segments. During the year 2003-04, the company added 38 branches which includes12 in Kerala, 6 in Karnataka, 10 in Tamil Nadu, 1 in Andhra Pradesh and 9 in Mumbai. The company changed their name from Geojit Securities Ltd to Geojit Financial Services Ltd. Geojit Commodities Ltd, a wholly owned subsidiary company launched Commodity Futures Trading in rubber, pepper, gold, wheat and rice and also they launched Online Futures Trading in multiple commodities namely, agri-commodities, precious metals like gold and silver, other metals like steel, aluminium, etc. and energy futures namely, crude oil and furnace oil. During the year 2004-05, the company entered into the distribution business of insurance and financial products by incorporating three subsidiary companies through their wholly owned subsidiary Geojit Commodities Ltd. During the year 2006-07, the company promoted a joint venture company namely, Aloula Geojit Brokerage Company Al Johar Group in Saudi Arabia. During the year 2007-08, Geojit Financial Management Services Private Ltd, which was a subsidiary of Geojit Commodities Ltd, now became a direct subsidiary of the company. They formed a joint venture company namely Barjeel Geojit Securities LLC, Dubai, with Al Saud Group which is having diversified interests in the area of equity markets, real estates and trading. In September 2007, the company through their NRI Business, entered into an exclusive agreement with Bank of Bahrain and Kuwait which is one of the largest retail banks in Bahrain & Kuwait. The company is in the process of forming a joint venture company in the Sultanate of Oman with The Financial Corporation Co SAOG to offer brokerage, financial products distribution and related services at an estimated investment of 2,55,000 Oman Riyals. Also they are in the process of starting the real estate and mortgage distribution services.

Key Information
Key Executives: A P Kurian , Chairman C J George , Managing Director R Bupathy , Director Alkeshkumar Sharma , Director

Company Head Office / Quarters:

5th Floor Finance Towers,

KFC Building Kaloor, Cochin, Kerala-682017 Phone : 91-484-2405501/02 Fax : 91-484-2405618 E-mail : mailus@geojit.com Web : http://www.geojitbnpparibas.com
Registrars:

SKDC Consultants Ltd Kanapathy Towers 3rd Flr 1391/A1 Sathy Road Ganapathy Coimbatore - 641 006

COMPANY INFORMATION Full name Geojit BNP Paribas Financial Services Ltd Legal Address 5th Floor, Finance Towers, Kaloor; Kochi; Kerala; 682017

Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : INE007B01023 Financial Auditors: Deloittee Haskins & Sells (2011) Incorporation Date: November 24, 1994 Total Employees: 3,230 Tel: 0484-2405501/ 2405502

COMPANY DESCRIPTION

Geojit BNP Paribas Financial Services Limited operates as a retail financial services company in India. The company's products and services include equities, derivatives, currency futures, custody accounts, mutual funds, life and general insurance, initial public offerings (IPOs), portfolio management services, property services, margin funding, and loans against shares. It also offers online trading services in equities, derivatives, currency futures, mutual funds, and IPOs, as well as enables

COMPANY ANALYSIS

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -7.51%, from INR 304.12 tens of millions to INR 281.29 tens of millions. Operating result increased from INR 65.12 tens of millions to INR 68.07 tens of millions which means 4.53% change. The results of the period decreased -35.06% reaching INR 31.45 tens of millions at the

end of the period against INR 48.43 tens of millions last year. Return on equity (Net income/Total equity) went from 12.36% to 7.71%, the Return On Asset (Net income / Total Asset) went from 11.07% to 6.53% and the Net Profit Margin (Net Income/Net Sales) went from 15.92% to 11.18% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 118.05% compared to 111.69% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.72 to 3.13 when compared to the previous year.

KEY EXECUTIVES

A P Kurian Jean Christophe Gougeon Alkeshkumar Sharma Mahesh Vyas R Bupathy

Chairman Additional Director Non Executive & Independent Director Non Executive & Independent Director Non Executive & Independent Director

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Geojit BNP Paribas Financial Services Ltd., formerly Geojit Financial Services Limited, is a retail financial services company in India. The Company offers a range of trading and investment products and solutions. . Its products and services on offer includes equities, and derivatives to Mutual Funds, Life and General Insurance and third party Fixed Deposits. During the fiscal year ended March 31, 2010 (fiscal 2010), the Companys activities included Brokerage services, Depository services, Distribution of financial products, Portfolio Management Services, Financing, and information technology (IT) Service and products. During fiscal 2010, brokerage from equity and derivatives constituted 76% its total revenue.