Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. HDFC Securities confirms closure of franchisee business, denies complia…

HDFC Securities confirms closure of franchisee business, denies compliance concerns

28 Nov 2024

Add as preferred source
Key Takeaways

HDFC Securities strategically closes franchisee business, focusing on digital platforms and Wealth Advisory to strengthen growth and service quality.


HDFC Securities strategically closes franchisee business, focusing on digital platforms and Wealth Advisory to strengthen growth and service quality.


HDFC Securities Unlisted Shares

HDFC Securities

-2.92%

Expert Analysis

HDFC Securities closes franchisee businesses and denies compliance concerns.

Expert Analysis

  • Closure of Franchisee Business: HDFC Securities, with over 20 years of experience, 5.7 million clients, and 250+ branches, decided to close its franchisee business in early 2024.

  • Strategic Decision: The move was a strategic step to streamline operations and enhance service quality, not due to compliance issues.

  • Denial of Compliance Rumours: The company denied rumors on WhatsApp and social media suggesting compliance-related concerns.

  • Focus on Digital Growth: Growth is driven by platforms like HDFC SKY (low-cost broking) and HDFC TRU (investment advisory services).

  • Wealth Advisory Launch: HDFC Securities launched Wealth Advisory services to expand its portfolio by targeting HNIs, UHNIs, Family Offices, and Corporate Treasuries.

Publisher:money control