Anand Rathi Group Eyes Next Growth Leap
Pradeep Gupta discusses investor maturity and expansion plans. Anand Rathi Group aims to grow beyond metros.

Pradeep Gupta, Co-Founder and Vice-Chairman of Anand Rathi Group, has witnessed the transformation of India's capital markets since the emergence of screen-based trading in the 1990s. In a recent conversation, he discussed the group's ambitions for its financial services businesses over the coming decade.
Gupta entered the financial services sector in 1994, when India had around 11 or 12 regional stock exchanges, with trading largely happening through the open-outcry system. The introduction of screen-based trading by the National Stock Exchange and the computerisation of the Bombay Stock Exchange marked a significant shift in the market.
The Anand Rathi Group started with three principal businesses: institutional broking and distribution, consulting, and investment banking. The group's business model was customer-centric, aiming to provide research-backed and professional services to investors. As the customer base grew, the group recognised the need to establish a separate wealth-management business, followed by insurance broking and an NBFC business offering loans against securities.
The Indian investor has undergone a remarkable change, with many now investing based on thorough research and analysis. Investors have become more mature, understanding various financial products such as equities, mutual funds, and corporate bonds. The group has strengthened its research and delivery systems to remain associated with customers throughout their investment journey.
The Anand Rathi Group's expansion plans include growing beyond metros, with a focus on hybrid advisory and trust. The group aims to provide products and advice that help individuals, companies, and institutions invest properly and create wealth. With a customer-centric approach, the group continues to add businesses that address specific customer requirements, whether investing money, protecting wealth, or raising funds.
In the coming decade, the Anand Rathi Group plans to leverage its expertise and expand its financial services businesses. With a strong foundation in research and customer-centric services, the group is well-positioned to capitalize on the growing demand for financial services in India.
The group's vision is to remain a trusted partner for its customers, providing them with the necessary guidance and support to achieve their financial goals. With its expansion plans and customer-centric approach, the Anand Rathi Group is poised for its next big growth leap.
The Indian financial services sector is expected to continue growing, driven by increasing investor maturity and demand for professional services. The Anand Rathi Group's plans to expand beyond metros and focus on hybrid advisory and trust are well-timed, given the evolving needs of Indian investors.
As the group looks to the future, it is clear that its customer-centric approach and commitment to providing research-backed services will remain key drivers of its growth. With its strong foundation and expansion plans, the Anand Rathi Group is well-positioned to achieve its ambitions and remain a leading player in the Indian financial services sector.
Frequently asked questions
What prompted Anand Rathi Group to enter financial services in 1994?
The introduction of screen-based trading and the computerisation of stock exchanges marked a significant shift in the market, presenting an opportunity for the group to offer research-backed and professional services.
How has the Indian investor evolved?
Indian investors have become more mature, understanding various financial products and conducting thorough research before investing.