the
AN IN-HOUSE MAGAZINE OF SHAREKHAN
VOL. 6 No.02 PUBLISHED FROM MUMBAI April 2015
SHAREKHAN
Dear Sherus,
We are back after a short break and have much to share with you as the past few weeks have been eventful. First, Sharekhan turned 15 on February 8 this year and the entire Sharekhan family including the head office, the branches and the business partners celebrated the occasion by cutting cakes, going on picnic, organising parties et al.
The annual birthday bash in Mumbai on February 6, featuring engaging performances by Sherus and beautiful Russian dancers among other things, definitely raised the bar for future. Check the photographs on pages 2-3.
The Vadodara cluster of branches celebrated the occasion by going on a picnic to Orsang Camp near Chandod on February 7. We share the photographs with you on pages 4-5.
Shortly after it was time for the annual branch meet to set the targets for the new fiscal. The backdrop of this all-important event that included an award distribution function was Goa this time. For photographs see pages 6-10 .
The Sales function plays an important role in any organisation and Shagi Nair has singlehandedly built the Sales team of our Kolkata branch. Enjoy a heart-to-heart with him on pages 11-12.
Our franchisee, Navadurga Share Services Financials, has distinguished itself by winning the Best Operations award three times over the years. On page 13 we turn the spotlight on Pradeep Rao and Girish Revankar, the two men responsible for the achievement .
On page 15 we present in a nutshell Sujatha Raman, who dreamt of globetrotting on a bike in childhood and is now responsible for keeping our flag flying in Pune, the seventh most populous city in India.
Through workshops and seminars Sharekhan continues to spread the good word about commodities across the country. On page 16 Hardik Shah reports on a recently held seminar to promote commodity trading in Mangalore.
After winning the much coveted Zee Business Award in 2014 Sheru Jay Thakkar added another feather to his cap, CNBC Awaaz IPL Muqabla trophy recently. Read about his latest achievement on page 16.
On page 17 we pay tribute to our dear colleague Ashish Inamdar, who was snatched away from us much too soon by a sudden illness on March 5, 2015.
Before signing off I would like to congratulate the winners of Business Quiz 44: Dipti Padwal (Devi Dayal, Mumbai), Swapnil Mangale (Devi Dayal, Mumbai) and Ankush Shrimal (Business partner, Indore). I would also like to thank all those who helped in the making of the issue. Don't forget to send me your contributions for the future editions at [email protected].
Cheers!
Priya
1 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT e at pd UPDATE U
Sharekhan celebrated its 15th birthday in grand style this year. Sherus across branches had a gala time and many memorable moments of the celebrations were caught on the camera. We present some below:
2 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT e at pd UPDATE U
3 The SHAREKHAN TIMES April 2015 Strictly for internal circulation BRANCH
UPDATE e at pd U Baroda cluster celebrates birthday in a unique way
The Baroda cluster celebrated Sharekhan’s birthday in a unique way this year. All the employees of the branches in the city along with those of the Anand, Vidyanagar, Bharuch and Ankaleshwar branches went on a picnic to Orsang Camp near Chandod in Gujarat on February 7, 2015 to mark the occasion. From the photographs they shared with us afterwards, it was clear that they had a lot of fun. Don’t believe us? Check the photographs below. The journey by bus from the meeting point, ie the Vadodara main branch, to the camp site itself was very exciting with Sherus playing antakshari, chatting and dancing all the way. It set the mood for the rest of the day.
Breakfast consisting of tea/coffee, bataka pawwa, south Indian food and fruits was served soon after they reached the campsite situated on the banks of Orsang.
This was followed by a cake-cutting ceremony with Anahita Vora slicing a delicious-looking chocolate cake into various pieces and getting nostalgic over her memories at Sharekhan. Since the camp site was on the banks of a river it presented opportunities to go trekking, swimming and playing other adventure sports.
4 The SHAREKHAN TIMES April 2015 Strictly for internal circulation BRANCH
UPDATE e at pd U
So having eaten to their heart’s delight Sherus went trekking and swimming to burn off a few calories and generate appetite for lunch. Lunch was a lavish affair consisting of mouth- watering Punjabi dishes and fruits.
Post-lunch activity comprised adventure sports like sky walk, swing bridge, bush tracking, commando net, tyre walk, kayaking and Asia's longest zip-line.
All in all, it was a truly memorable occasion.
5 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT UPDATE
Business Meet 2015
Sharekhan’s annual branch meet was held at Park Hyatt Goa Resort and Spa on March 21 this year. The event was attended by all branch managers, team managers and the key resources from both branches and the head office. At the conclave were discussed the highlights of the performance of the company’s branch business in FY2015 as well as the business plans and targets for its branches in the new fiscal. Afterwards, in an award distribution ceremony the best performers of FY2015 in various categories were felicitated by the top management, Tarun Shah, Shankar Vailaya and Jaideep Arora. We present below some memorable moments of the Goa meet. Setting business targets for new fiscal
6 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT UPDATE Recognising talent and hard work at branches
r Zubin Bhatporia, Surat branch, for highest Vik nch, fo ram Tak rle) bra client acquisition as well as corpus for cl , Mumb ile Pa rpus ient acq ai (Mal bai (V as co Wealth Optimiser uisition ad) bra ah, Mum as well Wealth as wel nch, for h nkaj Sh uisition Optimis l as corpu ighes Pa ent acq er s for t hest cli iser hig h Optim for Wealt
for Ilesh Merchant, Mumbai (Borivli) branch, Ran ranch, ga Rao, H eth) b for highest client acquisition for Ignite hig ydera haramp hest clie bad bran agpur (D gnite nt acqui ch, for oshi, N on for I sition fo Chirag J cquisiti r Ignite t client a highes
on Nishith Gandhi, Ahmedabad (satellite) branch, Nilesh M r additi omay nch, fo for addition of highest revenues by an RM of hig a, Bhuj ow bra hest re branch, , Luckn venues for add d Gupta y an RM by an RM ition Shara enues b est rev of high
, K. Shiva Kumar and Prem Kumar, Chennai Manje e branch et Kh ngalor branch, for highest monthly trading activity surp air, Pun pal, Ba bove lus pe e branc nugo atio (a of clients in A1 category r month h, for h a and Ve diture r in A1 ighest Basapp /expen category t income ategory for bes ) in A1 c verage group a
Sagar Patil, Pune (Nigdi) branch, for highest est Rajiv , for b Jhaveri re d branch monthly trading activity of clients in Mumb ceiving eraba group ai (Ro on be Secund bove A2 category surpl tunda) b half of P Babu, ratio (a us pe ranch, iyush Sh B Giri nditure r month for hig ah, expe ry in A2 hest income/ catego category e) in A2 averag 7 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT PDATE U Recognising talent and hard work at branches
Gaurav Kapoor, Delhi (Barakhamba) branch, Adarsh Kuma r, Mangalor for highest monthly trading activity of , for highest income e branch, for Ayar, Mahesana branch /expenditure ra best clients in A3 category Rajesh avera tio (above g month in A3 category ge) in A3 category roup surplus per
Roha Abinav Nanda receiving on behalf of Avinash n Gupte, Kalyan br h, for e anch, f Kumar, Noida (Sector 62) branch, for highest (Bhayandar) branc xpenditure ra or best income Amit Ambani, Mumbai tio (above group / monthly trading activity of clients in A4 category nth in A4 category in A4 category average) highest surplus per mo
Rajesh Pulla, Chandrapur branch, for Nirav Patel, Kar elibaug branc highest monthly trading activity of clients nch, income/expe h, for best Abhishek Kumar, Ghaziabad (Vaishali) bra nditure ratio (ab in A5 category 5 category average) in ove group ighest surplus per month in A A5 category for h
Hena Mohan Raj receiving on behalf of K Elumalai, deep receiving prasad MP, Maha on behalf of R Chennai branch, for highest client acquisition iving on behalf of Hari patra, Be adhanath Kiran C Reddy rece ngaluru branc by sales executive highest client acquisition client acquis h, for highes Bengaluru branch, for ition by sales ex t ecutive by sales executive
Rah Henadeep receiving on behalf of Ajay Kalra, ul Vemul rece and iving on beha Bengaluru branch, for highest client acquisition est Shashikant lf of Jivan Kadam ru branch, for b Avachat, Mumb , by assistant manager ep KS, Bengalu client acquis ai branch, Hanade m manager ition by assis for highest oductivity by tea tant manager account pr 8 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT UPDATE Recognising talent and hard work at branches
Raj Mani, Chennai branch, for best Hyderab t Mohan ad Clie for bes ctivity by team manager all-ro nt acq region, account produ und perf uisition mbai anager orman team fo emul, Mu team m ce r Rahul V tivity by produc account
Te Rahul Vemul, Mumbai branch, for highest am Navn highest eet Sh ch, for client acquisition for Ignite arma for r bran best l r, Nagpu ead gene mada gnite ration Vinit Ka on for I cquisiti client a
Te Team Maneet Rastagi, NCR, Punjab and am Kri sh, shna Ku r Prade Rajasthan, for highest revenues in accoun mar, Ben d Utta t produ galur NCR an clients from new clients ctivity u, for con mit Pal, om new sistency Team A enues fr est rev for high
Lalit Kedia (Kolakata) for best performance Amit Sinh , in a (New i region in CRE business CRE bu Delhi) be , Mumba vity siness st perf atale roducti ormanc Sanjay B ount p e Team y in acc sistenc for con
Mr Manjeet Khair, Pune (F.C.Road) branch, for adul Ve ance for rma, Lu erform highest revenues as well as average monthly highes cknow (H ) best p tra t revenu azratgu erabad trading activity in commodity business in ding a es as w nj) bran y S (Hyd ctivity ell as a ch, Vina s A1 category in A2 ca in comm verage m busines tegory odity bu onthl in CRE siness y 9 The SHAREKHAN TIMES April 2015 Strictly for internal circulation EVENT ATE UPD Recognising talent and hard work at branches
Sharad Gup ta, Luckno Nilesh Momaya, Bhuj branch, for highest for hig w (Gomtinagar t hest revenue ) branch, revenues as well as average monthly trading , Hisar branch, for highes month s as well as av Vikash Kumar g ly trading acti erage activity in commodity business in A4 category average monthly tradin bu vity in comm revenues as well as siness in A3 odity siness in A5 category category activity in commodity bu
Shipr Shailesh Kothari, Nagpur (CA) branch, for a Pahuja, D elhi branch, highest growth in absolute revenues from hrisurr branch, for growth in absolute for highest Rintomon George, T revenue existing business partners in A2 category te revenues from business partn s from existing highest growth in absolu ers in A1 category rs in A3 category existing business partne
Roh an Gupte, Kalyan Ghatkopar) branch, growth branch, for h Sumit Srivastava, Varanasi branch, for highest Mayur Patel, Mumbai ( in absolute r ighest of new evenues growth in absolute revenues from existing for highest acquisition business partn from existing ers in A4 category business partners in A5 category business partners Letting their down hair
10 The SHAREKHAN TIMES April 2015 Strictly for internal circulation Heart-to-Heart with Shagi Nayar
Our guest this time has seen Sharekhan’s business in Kokata take shape and grow in turnover from Rs1 crore to Rs100 crore in front of his very eyes. What’s more, he has been a key contributor to the success of the business. Meet Shagi Nair, who has been spearheading our Sales function in the eastern region for the past 12 years.
He was initially stationed in Mumbai as a sales executive but when in 2003 Sharekhan decided to develop its business in the eastern region, Shagi was told to move base to Kolkata due to his familiarity with the city where he had spent a considerable part of his childhood.
Shagi singlehandedly developed the Sales team in Kolkata which over the years has boosted the region’s Shagi Nayar revenues by bringing in a steady stream of new clients. He regards 2009 as his best year at Sharekhan as in this year his team acquired approximately 1,400 accounts in a month, the highest in the history of the eastern region. He attributes the feat to team work and some extra effort put in by each of his team members.
Shagi is much respected by his team for his supportive nature. Vishal Dubey, who has worked under Shagi for more than nine years, shares, “I am lucky to have a boss who is both supportive and flexible. Thanks to him, I am able to maintain a balance between work and family life.”
The head of Sharekhan’s branches in the eastern region, Vivek Saraf, who has known Shagi since the day he joined his team and has seen him built an efficient Sales force over the years, feels Shagi can always be counted upon to deliver the desired result.
Shagi is also known for his keen sense of humour and often after a heated argument with his team he is found cracking jokes to lighten the mood. He likes to travel especially to places where he can be one with nature. Shagi feels that he believes people easily and cannot say no to any request, two traits that he would happily get rid of if he could.
In a recent interview to the Sharekhan Times, Shagi revealed more about himself. We present excerpts below.
11 The SHAREKHAN TIMES April 2015 Strictly for internal circulation Heart-to-Heart with Shagi Nayar
Sharekhan Times (ST): When and how did you begin your career? Straight Shagi Nayar (SN): I started my sales career from the with Andromeda. heart ST: Share your memories of the first day at Sharekhan. SN: The first day was spent in Mumbai with MR Sandip Tripathy understanding how to use and Ü What’s your favorite book of all time? download SpeedTrade. Later in the evening I “Simply Fly” by Captain GR Gopinath Ü What is your favourite television show? was introduced to the Mumbai sales team. “Comedy Nights with Kapil”. Ü Who are your favourite actor and actress? ST: How do you spend your spare time? Akshya Kumar and Priyanka Chopra. SN: I spend my spare time with my daughters. Ü If you could live anywhere in the world, where would you live and why? I wish to be in India because where else in the world do ST: What's been your most memorable language, custom and food change every 500km? moment at Sharekhan so far? Ü If you wanted to change your name, what name would you change it to? SN: It has been a long journey. I have seen a lot No, I do not want to change it. of firsts, so memorable moments are many. I Ü What’s the one thing about you that nobody would ever saw the first sales office being set up in Kolkata, guess? My sense of humour. the first branch being opened in the city, the Ü As a child what did you think you were going to be when first time we recorded a turnover of Rs1 crore you grew up? and then of Rs100 crore, I have seen it all. As a child I wanted to join the army. Ü Do you believe in reincarnation? ST: Can you give our readers advice on how to Yes, I do believe in it. pick up a winning stock? Ü What are your best memories of college? The cricket matches we used to play. SN: Buy stocks with strong earnings and Ü What are your worst memories of school? growth potential. Buy a good quantity and stay The fights with friends. invested for handsome returns. Ü Is there anything that you’ve always wanted to do but haven’t? ST: Do you remember your very first trade or Travel to other countries. Ü Who is your role model and why? investment? Did you make a profit? My father, I saw him struggle a lot but succeed at the end; SN: My first trade was Syndicate Bank and hard work pays. Ü What is your favorite holiday spot? yes, I did make a profit. Kerala. Ü On a scale of 1 to 10 how happy are you? ST: You love working in the stock broking 8. business because? Ü How can we prevent crime against women? We must stop turning a blind eye to acts of crime against SN: It is so volatile that the atmosphere women, we must intervene and help the victims; this will changes in minutes. It is a challenge to work go a long way in reducing crime against women. in this industry.
ST: Message to all other Sherus… SN: Stay healthy.
12 The SHAREKHAN TIMES April 2015 Strictly for internal circulation In the SPOTLIGHT with Business Partners Pradeep Rao and Girish Revankar
Transparency and compliance have been the lynchpin of Navadurga Share Services Financials (Navadurga), Sharekhan’s franchisee in Mangalore run by Pradeep Rao and Girish Revankar. Pradeep and Girish are known to run their business ethically and follow all rules of both Sharekhan and the market regulator. This has helped them win the loyalty of their clients (the key to success in a client- centric business like stock broking) many of whom have been with them for 15 years now. This also won Navadurga the “Best Business Partner in the Operations, Risk and Compliance” award in FY2014. Over the years thrice Navadurga has (L-R) Pradeep Rao and Girish Revankar distinguished itself by winning the Best Operations award at Sharekhan. What’s more, it also won the "Top acquisition in Karnataka" and" Top revenue (single unit) in Karnataka" awards in FY2010. Pradeep and Girish began their journey with Sharekhan in 2000 when the Securities and Exchange Board of India granted Bombay Stock Exchange and National Stock Exchange permission to expand to the other cities. For seven years Pradeep and Girish had been working as badge holders in the Mangalore Stock Exchange and gained enough experience to start thinking of running a franchisee of a reputed stock broking house in partnership. This was their chance to take the plunge. They naturally approached Sharekhan, the best in the business, for a franchise. The experience gained and skills learnt at the exchange—where the two had worked on the out-cry system, handled physical delivery of shares and witnessed the shift from physical shares to dematerialisation and from the badla system to derivatives—came in handy in setting up the business and getting over the teething problems. Based on their strengths they divided their work responsibilities with Praveen choosing back-end operations, compliance, risk management, account opening etc and tech-savvy Girish going for systems and software related issues. Such had been their reputation at the exchange that their first set of clients was acquired easily. About 15 high net worth clients whom they used to service at the exchange switched to them as soon as they set up Navadurga. Their days at the exchange had also taught them that customer is king. So from day one their focus was on clients. They trained their staff in the systems and technologies of Sharekhan which helped them offer superior services to clients, most of them retail investors. Retail clients appreciate both quality and service, and thanks to Sharekhan’s superior products and technologies, the duo has been able to offer them both. So their customers are loyal. Most of their new clients are acquired by word of mouth as the existing clients spread the good word about them and their team. For example, their clients appreciate that the account opening process is very quick at Navadurga. The team sees to it that a client gets all the requisite documents before signing the Know Your Client (KYC) form. This ensures that the KYC process is completed and a new account is opened without any delay. Once an account is opened, the client is encouraged to invest for the long term in delivery- based stocks and this, believes Pradeep, seals the relationship between Navadurga and the client. Investment ideas are recommended to clients regularly based on Sharekhan’s research and clients are informed every time a Stock Idea approaches its price target or Sharekhan’s view on it changes. The two admit that they owe most of their business to their loyal customers. Pradeep, who is good at troubleshooting, wastes no time in contacting the company’s head office if
13 The SHAREKHAN TIMES April 2015 Strictly for internal circulation In the SPOTLIGHT with Business Partners Pradeep Rao and Girish Revankar
a client comes to him with a problem. Though over the years most of the systems and processes have been streamlined and the interactions of the Navadurga team with the HO especially Amit Arora ( who is the first to be approached in case of a problem) have reduced considerably. Says Amit, “Over the past 15 years in my interactions with the Navadurga team, Pradeep and Girish have come across as fantastic people, very logical in their approach and queries. Their background and division of functions make them a deadly combination.” In terms of performance, Navadurga has been generating a steady stream of revenues for the Girish and Pradeep pose with their team past 15 years. It has earned its stripes as the most compliant business partner of Sharekhan. The business is profitable, has a loyal clientele and its two promoters see numerable growth opportunities with Sharekhan in the years ahead. When Pradeep and Girish look back on their 15 years with Sharekhan, they are thankful that they made the right choice. Sharekhan’s focus on retail, ability to adopt the latest technology for the benefit of customers and ethical business practices have also stood them in good stead. In a recent interview to the Sharekhan Times, Pradeep Rao and Girish Revankar shared their vision and dreams among other things. Excerpts are presented below. Sharekhan Times (ST): Share your vision with our readers. Pradeep Rao (PR): I see many opportunities with Sharekhan as this is the most innovative organisation and is constantly trying to keep pace with the rest of the broking word. Girish Revankar (GR): Growth with Sharekhan. ST: What piece of advice do you have for a business partner TAK just starting out? E5 PR: Follow the best practices laid down by Sharekhan with honesty. t H ow do you manage day-to-day stress? PR: I s GR: Follow Sharekhan’s risk and compliance regulations, ee to it that things are done on time and no proprietary trading, focus on wealth creation for clients. prioritise issues and get them solved. GR: I stay calm and cool. ST: To what do you attribute the success of your business? t Your mantra for time management? PR: Consistency, adherence to the best of business PR: Do it now. practices and a client-centric approach to business. GR: Don’t postpone. GR: Knowledge of business and honest advice. t A dream that has yet to come true? ST: What has been your learning over the last six years of PR: Get more business and volume. GR: bear phase? Sharekhan’s top revenue generator. t PR: Continue to do what you believe in, things will change. Describe yourself in three words. P R: Consistent, honest and industrious. GR: Phases come and go. GR: Hon est, straight forward and enthusiastic. ST: Your message to the rest of the Sharekhan family? t Wha t are your strengths and weaknesses? PR: PR: You are with the best broking family of India, just I am open to new ideas when it comes to growi follow the rules and run your business ethically, and you ng the business; I feel frustrated when clients lose will reach your goal. money in trading. GR: Patie nce and honesty are my strengths, HNI clien GR: Guys, we are in good hands, enjoy the journey, we t acquisition has been the weakness. will reach safely.
14 The SHAREKHAN TIMES April 2015 Strictly for internal circulation IN A NUTSHELL
Sujatha Raman FOOD FOR MIND • Magazine: Society • Website: www.capitaline.com • Newspaper: The Economic Times • TV channel: "NDTV Good Times" STRESS BUSTERS • Music: Indian classical • Movie: Old English movies • TV programme: “Comedy Nights with Kapil” • Hobby: Reading FITNESS MANTRA • Eat: Whenever hungry • Drink: Plenty of water • Exercise: Regularly • Avoid: Spicy food NOTHING MORE THAN FEELINGS • Fear: Lizards • Joy: My children • Frustration: My weight going down ever so slowly A MATTER OF TASTE • Beverage: Masala chai • Dish: Thai curry • Dessert: Indian sweets and Lindt Dark Chocolate with sea salt • Restaurant: Vaishali Restaurant in Pune AS I LIKE IT • Colour: Green • Season: Monsoon • Smell: First rain • City: No place like Pune YESTERDAY ONCE MORE • As a child I collected: Stamps • I played: Basketball • I watched: Chitrahaar on black-and- white TV • I read: Enid Blyton and Earl Stanley Gardner • I dreamt of: Globe trotting on a bike
15 The SHAREKHAN TIMES April 2015 EVENT
UPDATE e at pd Seminar to spread awareness of U benefits of commodity trading Sharekhan along with the Multi-Commodity Exchange and Forwards Market Commission has been conducting seminars across India to increase awareness of the commodity market among investors. Three Commodity Awareness seminars took place in January this year, on January 21, 22 and 23 in Mangalore, Mysore and Bengaluru respectively. The seminars saw good response, with 48 people and 61 people attending the Mangalore and Mysore events respectively while as many as 161 persons took part in the seminar in Bangalore Bengaluru. In all three seminars, the welcome speech was given by Sharekhan’s Dibyendu Sahu, who also briefly discussed the advantages of trading in commodities. A f t e r w a r d s M C X ’ s N K Mysore Mutthuppa informed all p a r t i c i p a n t s o f t h e commodities available for trading on the exchange. In addition, Sharekhan’s Hardik Shah (from Commodity Advisory Desk) presented the house view on commodities and currencies. The question and answer session at each event was very interactive with Dibyendu and his team answering specific questions on the Mangalore advantages of currency hedging, commodity trading etc.
Contributed by Hardik Shah
NO MEAN FEAT Jay wins CNBC Awaaz IPL Muqabla
IPL
Sheru Jay Thakkar is on fire. He has brought glory to Sharekhan again. This technical analyst, who was awarded the best market analyst award by Zee Business in 2014, has won the Monthly CNBC Awaaz IPL (Intraday, Positional, Long-term) Muqabla in the “Positional” category in March 2015. In the contest Jay had to recommend up to four trading calls and was awarded points based on the performance of the calls. Each 1% gain in a stock price fetched him 10 points. By amassing a hefty score of 133 points in the monthly contest Jay has safely made it to the quarterly round of the contest, which tests the analytical skills of technical analysts. Jay had earlier won the weekly round of the contest to reach the monthly round. The IPL Muqabla show is aired on the channel, CNBC Awaaz, in the morning at 10.10am and in the afternoon at 2.30pm.
16 The SHAREKHAN TIMES April 2015 Strictly for internal circulation In Memoriam
Ashish Inamdar (02. 10.1968 - 5. 3. 2015)
Ashish was born in Thane on October 2, 1968. Fiercely independent, soon after completing higher secondary from St. John The Baptist High School in 1984, he started working with a nationalised bank to earn his pocket money. In 1989 he graduated from Mulund College of Commerce, Mumbai University. In 1991 he completed his Master’s degree in commerce from Pune University. Keen on education, he also obtained his master’s degree in management from ICFAI around the same time.
The bull run triggered by Harshad Mehta in the early 1990s aroused his interest in the stock market. Thus, after a brief stint at a software firm, in 1995 he joined Bombay Stock Exchange, the country’s oldest stock exchange, where he spent 12 years successfully spearheading several departments and projects related to moving the Indian capital market from paper-based trading to electronic trading.
In 2006 with a view to taking on new challenges he joined Sharekhan on the eve of the company’s sixth birthday. With his ability to take lead and implement strategic business initiatives Ashish climbed the ladder of success fast and within three years of joining he was entrusted with the task of heading a group of branches in Mumbai. Ashish was heading three of our commercially successful branches in Mumbai, Thane, Thane- Rutu Estate and Kalyan, when the cruel hands of fate snatched him away from us all unjustly before time.
Ashish came across as a hard taskmaster. But all those who knew him well shall remember him as the most fun-loving person around who liked to live life to the fullest. He was attracted to adventure sports and loved to keep himself aware of the happenings across the globe. In his free time he anchored stage shows and valued his relationships a lot.
Ashish passed away on the night of March 5 after a brief illness. He is survived by his wife and daughter.
Ashish’s untimely departure is a huge loss to Sharekhan and has left a void in the lives of his family, friends and colleagues. We all mourn a good colleague. We offer our heartfelt condolences to Ashish’s family and friends.
17 The SHAREKHAN TIMES April 2015 Strictly for internal circulation TIME-PASS BUSINESS QUIZ # 45 CORNER This edition's quiz tests your general knowledge. we have a contest running on the quiz! All complete and correct entries received before May 08, 2015 will be eligible for a draw and three lucky respondents will win a gift voucher of Rs1,000 each. So put on your thinking caps and roll (contest not open to the contributor, his friends, relatives and neighbours at Sharekhan). You may address your replies to [email protected]. # 45
Q 1. Who owns Germanwings, the airline which had a crash recently ? A. Lufthansa B. Private Wings C. Germania
Q2. Which media company has acquired Screen from the Indian Express group ? A. Ananda Bazar B. Sony Entertainment C. Star TV Patrika Group Television
Q3. Apple has been included in the Dow Jones Industrial average. Which company has it replaced ? A. Facebook Inc B. AT & T C. Google Inc
4. With which cricketer would you associate the fashion label "WROGN" ? A. Virat Kohli B. Mahendra Singh Dhoni C. Sachin Tendulkar
5. Which e-commerce giant will be managing the retail arm of IRCTC for two years? Clincher A. eBay Inc B. Amazon.com, Inc This model played the Marlboro Man from C. Alibaba Group Holding Limited 1968 to 1989. He died recently at the age of 85. Name him. A. Darrel Winfield B. Andy Armstrong C. Brad Johnson Answers to Business Quiz #44
1. George Soros 4. Peter Lynch. 2. Warren Buffett 5. Benjamin Franklin 3. Rakesh Jhunjhunwala 6. Donald Trump
SHAREKHANSHAREKHAN QUIZQUIZ ## 4444 WINNERSWINNERS
00/- s1,0 of R Swapnil Mangale Dipti Padwal Ankush Shrimal
18 The SHAREKHAN TIMES April 2015 Strictly for internal circulation