We are considering raising funds in the future: Ventura Securities CEO
Thanks to a buoyant market, brokerage firm Ventura Securities has seen a “couple of record years”, where it has undergone a digital transformation and recorded robust business too. Hemant Majethia, CEO and Co-Founder, Ventura Securities, told businessline that the firm is considering raising funds and the route — “an IPO, a private placement or a stake to strategic investor(s) — will be determined based on what the board deems most appropriate”.
How has business been for Ventura Securities? Any plans to go public?
Ventura has been transitioning towards becoming a truly omni-channel, full-service broking house, with major upgrades across our platforms. In the current times, when customer experiences matter more than ever before, our revamped website and enhanced app focus on delivering simplicity and value, ensuring intuitive client experiences.
By leveraging cutting-edge technologies alongside a scalable cloud infrastructure and 24/7 disaster recovery systems, we’ve elevated both performance and reliability. Simultaneously, we’ve strengthened client engagement through improved CRM systems, a vibrant social media presence, and proactive digital outreach. So it’s been a digital transformation on many fronts.
Fortuitously, this transition was underway at a perfect time, when markets and business have been vibrant. So we’ve enjoyed a couple of record years for our business too.
We are considering raising funds in the future and the approach/route whether through an IPO, a private placement or a stake to strategic investor(s) will be determined based on what the board deems most appropriate.
How was 2024 for the Indian stock market? According to you, what were the challenges for traders and investors?
It has been a remarkable year for the equity markets. The bull-run continued till end-September, despite the elections and multiple global geopolitical challenges. Reflecting India’s strength as the fastest-growing major economy in the world and relative stability, market indices remained largely buoyant, bouncing back from negative news.
The last couple of years have also been spectacular for the primary market, wherein more than 100 companies raised more than ₹1 lakh crore through IPOs, which gave a fillip to investors who entered the markets for the first time.
Investors and traders have had a good run in the markets in recent times. However, they have had to navigate the challenges of market swings and volatility driven by domestic and global events.
On the upside, SEBI has initiated proactive policies and frameworks to safeguard retail investors, reducing risks and fostering confidence. These measures are paving the way for a safer market environment and promoting sustainable growth in the long run.
How do you expect 2025 to be?
We’re anticipating exciting times in 2025, as the surge in new demat accounts since the pandemic—particularly from beyond metros — signals a broadening investor base. Technology has further democratised investing, driving greater participation, a trend already unfolding before our eyes.
The market landscape is evolving, with brokers adopting AI to enhance the way they curate granular market-related information and distribute it to clients more rapidly. This will boost client confidence and strengthen their intent as they will be able to make more informed decisions with the ‘right insights’ at the ‘right time’.
While supernormal profits in broking business might temper for a few months, 2025 promises a stronger, more inclusive market, with robust participation from both investors and intermediaries.
Infrastructure, pharma, defence, engineering exports and businesses dependent on discretionary consumption are some sectors that we will be watching closely in 2025.
How do you see the geopolitical situation (Russia-Ukraine and West Asian crisis) impacting the global markets in general and Indian market in particular?
What happens at the global level is anyone’s guess. But where India is concerned, we are in a sweet spot.
The Indian markets will continue their secular uptrend over the longer term due to various pillars like our economic growth potential, infrastructure spending, domestic consumption story, demographic dividend, etc.
Do you see the dollar getting stronger in the Trump Presidency? How would a stronger dollar impact the rally in gold? Will there be a correction? If yes, by how much? What would be the impact on oil prices?
There is a distinct move towards the reversal of globalisation, a philosophy which was propagated and prevalent for more than two decades. Now, countries have become more inward looking and are prioritising their own growth. This could lead to more organic cooperation between nations and an amelioration of apex global dominance. When that happens, the dollar could become less significant than it is today.
Over time, oil prices will tend towards staying benign, with the surge in investments in alternate energy, across the world. Gold, on the other hand, is likely to remain buoyant as many central banks continue to stock up on the precious metal.
Published on December 16, 2024