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Veteran MFD Rajesh Sodhani’s Sodhani Academy of Fintech Enablers, a company that offers investor education to investors and training to distributors and insurance agents, will go public soon.
In fact, the public issue of Sodhani Academy of Fintech Enablers opened on September 12 and will close on September 17.
The company plans to raise Rs.6.12 crore by issuing 15.30 lakh shares. The company will utilize the money for appointing trainers, developing course materials, increasing brand visibility, setting up a content studio, developing training infrastructure and a website.
Rajesh told Cafemutual that his company has trained many investors including school going students about the importance of financial planning and young adults about stock markets. “Currently, the majority of our revenue comes from stock market training for investors. However, we have diversified our business across investor education and distribution training. We have developed a couple of courses for mutual fund distributors and insurance agents that can help them grow business like acquiring and retaining clients, using business software efficiently and building a team.”
Rajesh said that his company booked a net profit of Rs.2 crore every year over the last three years.
The veteran MFD said that while he registered this company in 2009, he started looking at investor education business actively in 2020 during covid times. “A lot of investors showed their interest in learning more about share markets and mutual funds during covid times. This gave us the idea to restart this business,” he recalled.
Rajesh surrendered his ARN in FY 2019-20 and handed over assets of Sodhani Investment to Ajit Saha, Ankit Sodhani and Ritika Sodhani.
