From rejecting a seven-figure job to building India’s largest platform for financial education,
Here’s the story behind my entrepreneurial journey so far.
I graduated from IIM Indore in 2008 and got placed in JP Morgan. Having a zeal to do something in the #education sector, I didn't take that #job, to start up a new venture of my own.
During that time CAT went online. I started my own venture- FireUp, an e-learning portal for training for #management entrance examinations.
The #startup failed. Many say it was ahead of its time as we Indians were not used to learning #Online back then. Took the decision of stepping back and joined Crisil.
In 2010, I met my college senior @vivbajaj. We had a common vision of simplifying finance for everyone. Back then, a career in financial #Markets were on the wish-list of a lot of people but very few could actually make it happen due to lack of proper #Training and resources.
The rising demand for trained professionals and the lack of availability in the financial markets is what gave us the #Inspiration to start a an online education platform.
Being already aware of the unstructured and fragmented nature of the financial market education segment, it was in 2014 we came together to launch @elearnmarkets to streamline and structure the #journey for individuals who want to make a #career in the financial markets.
We used technology to spread knowledge, designed our courses by making use of high-end and #interactive Learning Management systems.
We also made the #platform open to market experts so to enable practical experience sharing with the learners.
This helped us in creating large pool of learners who are well trained, skilled & a perfect fit to fill the manpower requirement of the industry. We got courses certified by @NSEIndia, MCX, and NCDEX which gave credibility & helped individuals to achieve their #career goals.
Moving ahead, In 2016, together with @vinaypagaria & @vivbajaj we launched @mystockedge providing a self-research and analysis tools in order to make stock analytics simpler for everyone.
Initially started as a sidekick to help learners get structured data of listed #Companies along with cutting-edge analytics, @mystockedge has now turned into a full-fledged equity and #mutualfunds research tool with the app garnering over 2 million downloads.
In 2021, Elearnmarkets & StockEdge combined saw a 3X jump in new users per month in comparison to pre-#COVID levels.
We have 2.3 million unique registered users & growing.
These figures speak in favor of widespread acceptance of financial #Markets as a #career option.
Today, we have a team of 190 dedicated people who are working hard to simplify financial markets for Indian retail investors, so that they can make better financial decisions.
I love my team!
We have now built @StockEdgeSocial, a community of like-minded people to interact and learn from each other.
In the next 24 months, we plan to expand our roots in tier-2 & tier-3 cities as well as abroad and to increase our current combined user base from 2.3 to 10 million.
My advice to future entrepreneurs:
Nothing is easy in life, so you have to stick around, which is more important than passion and #ideas. Don’t get blinded by the glamour of #startups & being an entrepreneur. If you stick around enough time, you will find the right approach.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Jab bhi investment ki baat ho, we Indians always seek #Advice from ‘experts’ around us.
"Bata yaar kis stock mein invest karoon?"
"Reliance kaisa lag raha hai?"
"Chart kya bolta hai?"
We created STOCKEDGE CLUB to make these discussions easy, reliable & fun!
💡Here’s why-
🤗To make you self-dependent
The expert can be our friend, that uncle or celebrity investor on TV or social media sharing #Tips.
We trust them. But there is no #Accountability. And no one explains us WHY.
We did few things in StockEdge Club to solve this.
💡Here’s what-
📈24/7 Technical Analyst
Our #SEBI registered team of analysts will help you decode the price movement in any underlying and #guide you at every step of your trading #decision.
Post-retirement, a steady flow of income is highly desirable. The money received upon retirement needs to be handled well.
In this short thread, I’ll try and answer some of such investment avenues for senior citizens.
1. To manage taxes well, you should diversify the savings in short and long term plans. As a senior citizen, you get an exemption from taxes above ₹3 lakh income.
Your objective is to give better return than bank rates & get a steady flow of income.
2. Investing in equity is risky but beats inflation and as a senior citizen, you’d like to maintain your lifestyle.
So you can invest in stocks and equity mutual funds for the long term.
Plus, they attract only a 10% tax (LTCG) on income above ₹1 lakh.