Company Profile
Started in 1984, Way2Wealth is an Investments Consultancy Firm known for making investing simpler and more profitable for investors. We offer a wide range of products & services under one roof, for the convenience and benefit of our customers. We service our customer relationships through a team of over 1000 wealth managers spread across 573 easily accessible Investment Outlets in almost all major towns and cities in India.
Our Mission
To be the pre-eminent destination for personalized financial solutions helping
individuals create wealth.
Our Philosophy
We believe that "our knowledge combined with our investors trust and involvement
will lead to the growth of wealth and make it an exciting experience".
Our Logo
- Blue symbolizes Knowledge.
Knowledge is limitless, so is the sky and sea, both of which are blue in colour.
Knowledge applied leads to creation of wealth for our Investors.
- Red symbolizes Trust.
Red is the color of blood and the heart. Trust is a matter of the heart. Our knowledge
bears fruit only when the investor places his Trust in us.
- Yellow symbolizes Excitement and Involvement of
the investor.
We strive to make investing an exciting and involving experience for our investors.
- Green symbolizes Growth.
Growth in Nature is visible in the form of plants and trees; all of which are green.
"Knowledge, Trust and Excitement should ultimately lead to Growth of the investors'
wealth."
Group Cos.
- Way2Wealth Brokers Private Limited
- Way2Wealth Commodities Private Limited
- Way2Wealth Insurance Brokers Private Limited
Milestone
- Feb-08: Launched - Commodities Busines
- Feb-08: 1st Way2Wealth Franchise inducted
- Aug-08: Launched - Currency Future Trading (amongst the first)
- Oct-08: Milestone - 100th W2W outlet inaugurated
- Jan-09: Launched - Online Trading (Amongst The First To Launch Single Screen Trading
for Multiple Products)
- May-09: Launched - MTF Business
- May-09: Launched - NRI Business
- Jun-09: Acquired - NBFC 'Prudential Integrated Finance'
- Jan-10: Launched - Institution Desk & 1st Bank empanelment
- Feb-10: Launched - Realty Business
- May-10: Milestone - 200th Franchisee inducted
- May-10: Acquired - Omnesys Tradenet broking business
- Dec-10: Launched - Way2Wealth Illuminati (Algorithm based trading)
- Feb-10: Milestone - International trading through MAREX Spectron
- Apr-11: Launched - Online Trading for Karnataka Bank clients
- Oct-11: Acquired - Techno Shares & Stocks Ltd.
- Jan-12: Acquired - Total Insurance Brokers Pvt. Ltd.
- Nov-12: Launched - Mandi2Market Traders Pvt. Ltd.
- Nov-12: Launched - Way2Wealth Illuminati Pte. Ltd. (Singapore)
Awards & Recognition
- Way2Wealth Wins MCX- Leading Broking House of the Year Award 2019
- Way2Wealth Brokers Pvt. Ltd. Bags BSE – Top Volume Performers Award (Equity), 2017-18
- Way2Wealth Brokers Pvt. Ltd. Bags Zee Business - DARE TO DREAM Company Of The Year Award – 2018
- Way2Wealth Commodities Pvt. Ltd. Bags MCX Leading Brokerage House Of The Year Award – 2018
- Way2Wealth Bags, BSE Top Performing Broker Award, 2016-17
THE GRAND JURY OF DRIVERS OF DIGITAL AWARDS 2017 – INDIA CHAPTER, HONOURED WAY2WEALTH BROKERS PVT. LTD. WITH
- Award for Best Website in BFSI Sector
- MULTI COMMODITY EXCHANGE HONORED WAY2WEALTH COMMODITIES PVT. LTD. WITH MCX EXCELLENCE-Best Commodity Broker of the Year 2016-17
- NSDL GO-Green Award – 2017
- NSDL Star Performer – 2016
- NSE - Top Performing Members in Equity & Equity Derivatives 2015-16
- NSE - Top Performing Members in Currency Futures 2015-16
- BSE Top Ten Broker 2016
The Grand Jury of Drivers Of Digital Awards 2016 – India Chapter, honoured Way2Wealth Brokers Pvt. Ltd. with
- Special Mention Award for Best Website in BFSI Sector
NATIONAL STOCK EXCHANGE OF INDIA LTD. HONOURED WAY2WEALTH BROKERS PVT. LTD. WITH
- Certificate of Appreciation for being among the Top Performing Members in 2015-16, in Equity & Equity Derivatives
Nov 11, 2015, Way2Wealth Brokers Pvt. Ltd. bagged BSE Top Performer Award in four categories
- Top Ten Performer in Equity Segment (Retail), 2014-15
- Top Three Performer in Equity Segment (Algo), 2014-15
- Top Ten in Currency Members, 2014-15
- Top Ten Customers having member, 2014-15
Some other recognitions that make us feel proud are
- BSE Top Ten Performer in Equity Segment (Retail) , 2013-14
- BSE Top Three Performer in Equity Segment (Algo), 2013-14
- NSDL Star Performer Award 2013- Top performer in active accounts, for showcasing an outstanding performance in Southern India
- NSE – Investothon 2013-14, Most Shareholders Award
Parentage
The Shriram Group was founded in 1974, mobilising funds through chits under Shriram Chits. Today, it offers a diverse basket of financial products and solutions targeted mainly at the underbanked and unbanked segments of India’s population.
We are among the largest financial services conglomerates managing assets worth Rs 2.08 lakh crore (as of December 2021), across 4050 branches.
Our businesses are spread across consumer finance, business finance, vehicle finance, chit funds, asset management services, stock broking, insurance- life and general, loans for affordable housing, insurance broking and distribution of financial products.
Our growth has been achieved partnering some of the best corporations and financial investors, all of whom see us as their trustworthy partners.
Way2Wealth Legacy
Way2Wealth was incorporated as Sivan Web Trading Private Limited in the year 2000, at Bengaluru and was thereafter rebranded as Way2Wealth Securities Private Limited, in the same year. Way2Wealth, along with its various downstream subsidiaries, operates a retail focused investment advisory business and is involved in providing a host of other financial services. We were also ranked amongst the top ten broking entities in the retail broking segment during financial year 2013, according to the BSE.
We have a presence across 21 states in India, as of December 31, 2020. We believe that the depth in the ability to service its clients comes from the combined experience of our management team which comprises of employees who have had the experience of working with some of the leading financial services companies.
Our Business
Our core businesses can be categorized into broking related business, distribution business and fund based business, an overview of which is set out below:
- Broking and Commission Business- This segment comprises equity brokerage, commodity brokerage, currency brokerage, insurance broking and real estate broking. The institutional segment has institutional clients empanelled for equity broking and trade execution services on the equity markets. In addition, we also provide customized portfolio management services to its clients.
- Distribution Business- This segment consists of financial products distribution initiatives, namely, mutual funds products, primary market products and third-party products. The distribution business is managed by a team of managers. We are also involved in providing wealth management services for high net worth individuals.
- Fund Based Activities- Financing clients for their market related activity is the core business for our NBFC. It extends loan against listed shares, financing for subscribing for initial public offers of corporates, loan against mutual funds, corporate employee stock option financing and related funding activities.
In addition to the aforesaid service offerings, we are also involved in conducting research and publishing daily, weekly, monthly and special research reports on topics such as equity instruments, derivatives, mutual funds, commodities trading and currencies. Additionally, we are also involved in insurance advisory and placement of insurance services to corporate and small and medium enterprises. We have also been registered as a point of presence by the Pension Fund Regulatory and Development Authority to perform functions including, registration of subscribers, undertaking know-
your-customer verifications, receiving contributions and instructions from subscribers and transmission of the same to the designated National Pension Scheme intermediaries.
These services are provided through our network of branches, as well as through Way2Wealth Online which provides a multi-exchange trading platform and multi-channel access for clients and through mobile trading facilities.
The Visionary
The visionary and founder behind our group is Mr. R Thyagarajan.
Prior to the humble beginnings of Shriram Chits, Mr. R Thyagarajan worked with New India Assurance, where he was strongly influenced by the then director, Mr. BK Shah. A lot of the values and philosophies that drive the group are taken from what he learned during his stint with New India Assurance and his own personal commitment to the cause of the underserved.
He holds a Masters in Mathematics and a Masters in Mathematical Statistics (I.S.I). He is an associate at Chartered Insurance Institute (A.C.I, London), and is a visiting faculty at the Asian Institute of Insurance, Philippines.
He was awarded the Padma Bhushan, India's third highest civilian award, in 2013 in the field of trade and industry.
Inclusive growth has always been a driving force for the group as it grows and expands to new businesses and verticals. The services of Mr. R. Thyagarajan in the neglected sectors of the society will help shape the group in the good stand in its ambition to contribute to the Indian growth story in the years to come.
Group Business Details
Shriram Group has its presence in a wide range of financial services viz., commercial vehicle and retail financing, small enterprise finance, life and general Insurance, stock broking, financial products distribution, wealth advisory services, asset management and mutual funds. Shriram Transport Finance the flagship company of Shriram Group and a listed NBFC is a leading player in organized pre-owned CV financing and one of the largest asset financing NBFCs in India. Shriram City Union Finance, another listed NBFC of the group is amongst the largest and well diversified retail finance companies in the industry, is the market leader in Two-Wheeler segment and a leading player in the small enterprises finance segment.
Today, Shriram Group has:
- Customer Base of over 12 Million
- Assets under Management of over Rs.1,60,000 Crores
- Employee Strength of around 80,000 people
- Branches of over 3,850 PAN India
Shriram Credit Company Limited (SCCL):
SCCL, incorporated in the year 1980, is a Non-Deposit taking Systemically Important NBFC registered with RBI. In addition to extending secured loans to its borrowers, SCCL through its subsidiaries, is engaged in:
- Stock Broking, Depository and RTA Services (through Shriram Insight Share Brokers Ltd.)
- Commodities Broking (through Insight Commodities & Futures Pvt. Ltd., a subsidiary of Shriram Insight Share Brokers Ltd.)
- Distribution of Financial Products, predominantly of Shriram Group (through Shriram Fortune Solutions Ltd.)
- Infrastructure Provider (through Shriram Financial Products Solutions (Chennai) Pvt. Ltd.)
- Asset Management/Mutual Fund (through Shriram Asset Management Company Limited)
- Wealth Management Services (through Shriram Wealth Advisors Limited)
- Providing equity research and investment advisory services to SIIP India Opportunities Fund
Key Managerial Personnel
Way2Wealth has a management team with over 150 man-years of experience amongst themselves. A strong leadership, respected within industry circles and recognized among competitors as being formidable and strong, demonstrates high quality and a visionary management style.
SHANTANU BHARADWAJ - CHIEF EXECUTIVE OFFICER
Mr. Shantanu R Bharadwaj has close to two decades of experience in financial services. His experience spans insurance broking, commodities, product development, regional sales, business analytics & strategy. Prior to his current role, he was the Principal Officer, Business Head and Executive Director of Way2Wealth Insurance Brokers Private Limited. He is with the Way2Wealth group since November 2007 before which he worked with IL&FS InvestSmart Commodities and NCDEX.
His educational qualifications include MS (Quantitative Economics – Indian Statistical Institute) and Fellow of Insurance Institute of India.
GENTIL AUGUSTINE - DESIGNATED DIRECTOR
Gentil, has over 25 years of work experience in various sectors of the services industry. Previously with IL&FS Investsmart (AVP - HR) and Elbee-UPS.
G.S.SHRIDHAR - DESIGNATED DIRECTOR – OPERATIONS & NEW INITIATIVES
An Engineering Graduate with a Post Graduate Diploma in Business Administration with 26 years of experience in the Capital Markets and Corporate Finance. Aspire to lead an energetic team of professionals in the Financial Markets and Advisory Business.
Shridhar has a rich experience in Stock Broking operations, Corporate Finance & Treasury, Compliance, and client services. Prior to joining Way2Wealth he was a Wholetime & Designated Director at MEMG Securities Ltd., Bangalore, a Stock Broking company of the Manipal Group. He started his career in Capital Markets in 1995 as part of Merchant Banking team at ICDS Ltd., a Category 1 Merchant Banker.
Currently he oversees Operations in Broking, Fixed Income & Third-party Products and spearheads new initiatives to enhance the operational efficiency and client experience.
RAGHAVENDRA T K – COMPLIANCE OFFICER & CHIEF FINANCIAL OFFICER
A Chartered Accountant having over 26 years of experience in Capital Markets and Stock Exchange operations with Institutions like Bangalore Stock Exchange, BgSE Financials Limited, Safal National Exchange of India Limited and IL & FS Investsmart Limited.
Directors & Officers
Way2Wealth has a management team with over 150 man-years of experience amongst themselves. A strong leadership, respected within industry circles and recognized among competitors as being formidable and strong, demonstrates high quality and a visionary management style.
SHANTANU BHARADWAJ - Chief Executive Officer
Mr. Shantanu R Bharadwaj has close to two decades of experience in financial services. His experience spans insurance broking, commodities, product development, regional sales, business analytics & strategy. Prior to his current role, he was the Principal Officer, Business Head and Executive Director of Way2Wealth Insurance Brokers Private Limited. He is with the Way2Wealth group since November 2007 before which he worked with IL&FS InvestSmart Commodities and NCDEX.
His educational qualifications include MS (Quantitative Economics – Indian Statistical Institute) and Fellow of Insurance Institute of India.
GENTIL AUGUSTINE - DESIGNATED DIRECTOR
Gentil, has over 25 years of work experience in various sectors of the services industry. Previously with IL&FS Investsmart (AVP - HR) and Elbee-UPS.
MANJIT SINGH – Independent Director
Mr. Manjit Singh holds a master’s degree in physics and MBA in Finance. He is also a Certified Information Systems Auditor with an impeccable career spanning over 40 years in the capital markets and banking industry. Over the course of his illustrious career, he has held various key positions where he has been responsible for compliance, internal controls, IT enabled services and operations, operational risk and PMLA provisions relating broking, depository participants, portfolio management, wealth management, NBFC and registrar and transfer agents businesses.
More recently he has served as the Head of Company of BgSE Properties & Securities Limited (formerly known as Bangalore Stock Exchange Limited) from November 2011 to September 2019 and as Group Head – Compliance of Karvy Stock Broking Ltd. from June 2009 to November 2011. Prior to this he was associated with IL&FS InvestSmart Ltd., BgSE Financials Ltd. and Ludhiana Stock Exchange Ltd. and a leading Public Sector Bank.
Dr. KASSIM S. ALI - Independent Director
Dr. Kassim Saleem Ali is a dynamic, energetic and result oriented leader with 36 years of varied experience. He is a retired IPS Officer who holds Ph.D degree in Civil Society Conflict Index and has MBA (Finance) and Masters in Chemistry. He is the Chairman and Managing Director of “Fourth Fource”, an agency which provides background verification services across key business and industry that can help preempt and reduce wrong hires, fraud and criminal intent. He established this start-up in a short period of four months with offices in all state capitals of the country. He was the Director General of Police, Tripura from 2010 to 2011 and later became Special Director/Additional Director of Central Bureau of Investigation in 2011. He was also an Advisor for futuristic development of Jamia Milia Islamia University and Honorary Director for Residential Coaching Academy for training minority and women students.
He is a strategic thinker with a strong execution track record of maintaining law and order, motivate, coach & lead teams and improve the liaison between the Police and Public.
Presently, he is on the Board of Shriram Credit Company Ltd., Shriram Fortune Solutions Ltd. and Way2Wealth Brokers Pvt. Ltd. as an Independent Director. His association with Shriram Group has been since 2017.
Mr. AMIT SANKAR GUPTA - Independent Director
Mr. Amit Sankar Gupta is a Chartered Accountant by profession. He has over 30 years of out of which he has been associated with the Shriram Group for the last 20 years.
Post qualification 1991, he started his career in FMCG, Pharma & Chemical MNCs in functions such as Internal Audit, Corporate Finance, Plant & Management Accounting and QC Initiative for ISO 9000 Certification.
He joined the Shriram Group of Companies, Chennai in 2001 and was an integral part of core team which set up the broking business of the group through Shriram Insight Share Brokers Limited and also helped the company to grow into a leading retail broking firm with pan India presence. He had set up the Compliance & Finance function of the Company as its first Compliance Officer and CFO.
He is currently the Head of Operations, Compliance and Strategy Initiatives of Shriram Credit Company Limited. He is also on the Board of Shriram Insight Share Brokers Ltd., Shriram Fortune Solutions Ltd., Shriram Wealth Ltd., SEA Funds Management India Pvt. Ltd., Way2Wealth Securities Pvt. Ltd., Way2Wealth Brokers Pvt. Ltd. and Way2Wealth Insurance Brokers Pvt. Ltd. as a Non-Executive Director.
G.S.SHRIDHAR - DESIGNATED DIRECTOR – OPERATIONS & NEW INITIATIVES
An Engineering Graduate with a Post Graduate Diploma in Business Administration with 26 years of experience in the Capital Markets and Corporate Finance. Aspire to lead an energetic team of professionals in the Financial Markets and Advisory Business.
Shridhar has a rich experience in Stock Broking operations, Corporate Finance & Treasury, Compliance, and client services. Prior to joining Way2Wealth he was a Wholetime & Designated Director at MEMG Securities Ltd., Bangalore, a Stock Broking company of the Manipal Group. He started his career in Capital Markets in 1995 as part of Merchant Banking team at ICDS Ltd., a Category 1 Merchant Banker.
Currently he oversees Operations in Broking, Fixed Income & Third-party Products and spearheads new initiatives to enhance the operational efficiency and client experience.
RIMA SRIVASTAVA – Chief Technology Officer
Rima has a rich cross-functional experience spanning two and a half decades in Indian capital markets in various functions such as Technology, Digital Marketing, Product Development in financial markets, Project Management and eBusiness Consulting.
She is PGDBA (Finance) & a Chartered Financial Analyst with a bachelor’s in Chemical Engineering.
Prior to joining Way2Wealth, she was with BRICS Securities as Head-Technology and has been associated with organizations such as the National Stock Exchange, TAIB Securities, Intiqua, Exide Industries etc. in her previous assignments.
RAGHAVENDRA T K – COMPLIANCE OFFICER & CHIEF FINANCIAL OFFICER
A Chartered Accountant having over 26 years of experience in Capital Markets and Stock Exchange operations with Institutions like Bangalore Stock Exchange, BgSE Financials Limited, Safal National Exchange of India Limited and IL & FS Investsmart Limited.
Key Offices
Email: Contact@way2wealth.com
SMS : W2W to 575758
Registered Office
Rukmini Towers, 3rd & 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020. Karnataka, India
Ph :Ph: (+91 80) 43676869, (080) 23564556/23561952.
Corporate Office
101-104, A Wing, 1st Floor, Dynasty Business Park,J.B. Nagar, Andheri-Kurla Road, Andheri East, Mumbai – 400059.
Ph : (+91 22) - 69032900.
Regional Offices:
New Delhi
801, 8TH Floor, Mercantile House,K G Marg, Cannaught Place, New Delhi-110001
Chennai
2nd Floor,Palsak Villa, No:10, Seethammal Colony, 2nd Main Road, Alwarpet - 600018
Mumbai
EFC LTD, 14th Floor, Empire Tower, A wing, , Reliable Cloud city, Gut No.31, Thane – Belapur Road, Airoli, Navi Mumbai – 400708. Maharashtra, India
Hyderabad
# 6-3-571/1/5 II Floor Rockvista Rockdale Compound Somajiguda - 500082
Kolkata
2, Brabourne Road, Govind Bhavan, 7th Floor, Kolkata - 700 001