Jarvis Invest expects good response from investors in Gujarat. Plans to expand physical presence by opening three new offices in Ahmedabad, Rajkot and Surat in July
Gujarat is one of the top markets for Jarvis Invest with over 60,000 clients (75% clients) and around 3000 partners (27% partners).
India’s first AI-based investment advisory platform JARVIS Invest to open three new offices in Gujarat
Ahmedabad: Jarvis Invest, India’s first AI-based investment advisory platform, today announced the opening of three new offices in Gujarat to engage in rapid growth and take advantage of a group of investors interested in the state. Jarvis has decided to open its offices in Ahmedabad, Rajkot and Surat. The company expects more than 2,500 partners to be on-board in the next four months.
Jarvis is an exclusive intelligent portfolio management tool, developed by a team of experienced individuals in the field of investment, research and technology. It offers a portfolio of stocks capable of delivering maximum risk adjusted returns using its Artificial Intelligence based on stock selection and asset allocation model.
Jarvis Invest was founded in December 2016 and has since grown to overboard 75,000 clients with 800 partners by April 2022. In particular, Gujarat has achieved a tremendous growth of 27.53 per cent in all partners and 74.63 per cent in all clients.
Our partners are our biggest strength and each partner brings in an average of 205 clients. With the company acquiring about 60,000 clients away, Jarvis Invest expects the local office to increase its partner base by more than 2,500 over the next four months, given the immense potential in Gujarat.
Reacting to this, its founder and CEO Sumit Chanda said, “The decision to expand our presence in three new cities of Gujarat was a logical step in the direction of our business growth strategy. Financial literacy and acceptance of new technology has been more than ever in Gujarat.
We have seen tech-savvy investors adopting our AI-based investment advisory model, which provides them with flexibility and maximized returns. When we had a remote presence in Gujarat, with three new physical offices we would be able to form a local team that understands the market well.
And will provide continuous service to investors. We are optimistic about the new business opportunities offered by this new office and look forward to hiring more people at these locations. Apart from Gujarat, Jarvis Invest plans to expand to Maharashtra, Karnataka and West Bengal in the near future. ”
Jarvis Invest by April 2022 to Rs. Has crossed the AUM of Rs 100 crore. The portfolio produced by Jarvis returns an average of 50-80 per cent in various portfolio categories and has outperformed the Nifty. Jarvis Invest’s Risk Management System (RMS) functionality could predict market crashes in March, 2020 and January 2022, giving its investors tremendous confidence in the system.
