Rohit gadia biography of christopher
CapitalVia Global Research: How Rohit Gadia turned his passion into Rs 13 crore stock trading enterprise
Back in , when I was studying commerce at JN College in Bangalore, I was trading every day.
I picked up odd jobs after classes, be it working part-time for Hewlett Packard’s BPO as a business process executive or selling cellphone SIM cards on roads, to earn pocket money that I could invest in the markets.
In fact, I would even ask my friends to swipe my credit card when they shopped and reimburse me in cash.
I would make Rs 4,, a month and I would transfer the entire sum to my savings account from where it would go to my demat account for trading. Despite belonging to a well-to-do Indore-based business family, I ceased to depend on my father for finances since my second year of college.
It wasn’t sunshine all the way. I also lost a lot of money while trading, the biggest mistake being to leverage on my savings by almost 10 times.
This made me realise that while my love for trading sure had the potential to become a career, a day trader’s life is no cakewalk.
It was towards the end of graduation in that I noticed another key fact: Throw a rock and you’re sure to hit one of the several large broking houses specialising in handholding big investors with deep pockets.
But there was no one to guide a newbie like me.
That got me thinking about starting a web-based research company, which would focus on technical analysis and provide recommendations or real time trading signals/data to traders for intra-day and short-term trading.
This would encourage them to trade as an informed trader and not merely on speculation. So, in October , I registered an online domain name as , which cost me Rs
The company started off very casually because I still had my Master’s degree classes to attend. I basically started doing technical analysis for traders and sold the data to interested customers as a trial pack for two-three days or Rs4, a month for a full-subscription pack.
However, my part-time entrepreneurial days were numbered. My family placed a lot of emphasis on further education and I put my one-man company on the backburner in , to join SP Jain College, Mumbai, for a one-year MBA programme in investment banking. On returning to Indore in June , I resolutely dived head-first into CapitalVia’s operations.
The first thing I did was to rent a small office in the town and hire people.
By the end of two months, we already had about registered customers.
Rohit gadia biography of christopher paul: And we together built CapitalVia to its current form. I have relatives in places like Mumbai and Delhi but if I had gone there for my studies, there would have been pressure on me to stay with them. However, their motto is to keep moving forward. CapitalVia Bangalore By adityagarg80 on June 17,
Initially, I was playing every role in the company—from office boy to CEO—but the fact that I chose to set up shop in a tier II city had its advantages.
Think cheap labour, lower rents, lower lifestyle expenses as well as people’s expectations. Moreover, the manpower is zealous and hardworking with an immense potential to learn.
It was crucial for me to find such a combination since the company was taking off bang in the middle of the recession.
Other than a few thousand bucks for the office space, which I procured from my corpus made in the stock market, I did not invest in anything else. This is why we managed to break even within four-five months.
As the company grew, my set of challenges kept pace with it.
Being an entrepreneuris easier than being a people’s person but I learned to manage employees and their issues. We generated Rs crore in revenue by the end of our first year, backed by a staff strength of 20, all trained by me.
By mid, we had moved office twice, seeking larger space, and increased the headcount to We were generating profits of %, and this by promoting ourselves only through SMS and online marketing.
However, most of the money earned was re-invested into infrastructure, training and marketing. In fact, we never garnered any cash profits as such.
Today, CapitalVia boasts a strong team, of which are under training and a customer base of about 2, We house one of the largest professional research and analysis teams in the country.
Our product repertoire has grown since inception. The prices currently range from Rs4, for individual day traders to Rs 25, for high networth individuals. (Prices vary depending on a high risk and high reward ratio.) We’ve been growing at over % year-on-year.
Currently, we have operational offices in Indore, Bangalore, Ahmedabad, Singapore and Delaware (US).
But there is no time to rest on our laurels. We want to help the Indian SMEs ecosystem manage their currency risks.
CapitalVia aspires to be the Merrill Lynchfor Indian SMEs because the latter cannot afford to take help from larger research MNCs due to higher costs. We also hold free education programmes and trader camps for our customers in Indore, where we invite people.
We are now planning to open branches across the country, first in Delhi and Mumbai and then expanding to tier II and III cities by the end of We expect to generate revenues of Rs35 crore by then.
Since this is an upcoming industry, people have often tried to pull me down.
However, my motto is to keep moving forward. If you can’t fly, you may crawl. That’s what helped me, a boy who finished his schooling in an off-the-map place like Burhanpur in Madhya Pradesh, find the strength and conviction to forge a Rs13 crore business from scratch.