Continental Securities is planning to expand its business operations through the formation of wholly-owned/ subsidiary companies. This initiative aligns with the company’s strategy to diversify its business portfolio and strengthen its presence in additional financial sectors. The company is evaluating the formation of a subsidiary to undertake activities including the acquisition of Mutual Fund AUM and Portfolio Management Services (PMS), subject to regulatory approvals and feasibility.
The company is further considering the creation of subsidiary for applying and for operating an PMS Distribution services & Alternate Investment Fund (AIF) services, enabling expansion with catering to high-net-worth and sophisticated investors. The company is working toward reaching a mutual fund AUM of Rs 100 crore in the years ahead. The company is further proposing to establish additional branches of its Gold loan division to further expand its business operations.
Continental Securities (registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company), is presently engaged in business of investment in securities, intercorporate loans, advances and such allied fund based activities.
