Inventure Growth & Securities Ltd, engaged in the business of wealth management and distribution of financial products, has announced a strategic expansion plan. This announcement follows the successful completion of a rights issue, with the company now focusing on utilizing the proceeds to fuel key growth areas that promise substantial returns for investors. As per the company, a significant portion of the rights issue proceeds - Rs 19.10 crore - will be dedicated to expanding the company's arbitrage and share trading business. This expansion will involve enhancing the infrastructure for arbitrageurs and injecting additional working capital, enabling the company to seize lucrative opportunities in the capital market. Also Read: What to do when your Credit Card benefits get revised? Additionally, the company has earmarked Rs 15 crore for the expansion of its Margin Trading Facility (MTF), an area that has already seen robust client demand. The expansion is projected to generate an annual revenue growth of about 15-18%, driven by a combination of interest income and increased brokerage fees from delivery-based turnover. The company has outlined ambitious targets for its MTF business, with Assets Under Management (AUM) expected to grow from Rs 39.48 crore in FY2024 to Rs 90 crore by FY2026. Inventure Growth & Securities Ltd is also investing Rs 3.93 crore in advanced technology and proprietary software, recognizing the critical role of cutting-edge technology in the broking industry. This investment is aimed at improving operational efficiency, reducing costs, and enhancing client retention. The technology upgrade is expected to result in significant cost savings related to manpower and increased revenue through higher brokerage income, further strengthening the company’s financial performance, the company said.
