GEOJit will have its AGM on July 12 to Finalize Financial Statements   

GEOJit will hold its AGM on July 12th to finalize financial statements for the fiscal year ended March 31, 2024, and also the final dividend of Rs 1.50 per equity share. 

by Damodharan N

Updated Jun 22, 2024

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GEOJit will have its AGM on July 12 to Finalize Financial Statements

Geojit Financial Services Limited has announced that it will conduct its 30th Annual General Meeting (AGM) on Friday, July 12, 2024, through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting aims to comply with the directives issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India ('SEBI').

The agenda of the AGM includes the adoption of the company's Audited Standalone and Consolidated Financial Statements for the fiscal year ended March 31, 2024. Shareholders will also deliberate on the declaration of a final dividend of  Rs 1.50 per equity share for the same financial year.

Additionally, the meeting will feature the appointment of a director in place of Mr. Satish Ramakrishnan Menon (DIN: 02277331), who retires by rotation and seeks re-appointment.

Read the full Notice here.

GEOJit Annual Report for 2023-24

Geojit Financial Services, renowned for its commitment to sustainable wealth creation and innovative financial solutions, has published its Annual Report for the fiscal year 2023-24. With over 37 years of experience in the industry, Geojit continues its mission to help clients build enduring wealth through responsible practices.

The report highlights robust financial performance, including a total revenue of Rs. 624 crore and a noteworthy EBITDA of Rs. 244 crore. Geojit manages assets worth Rs. 93,091 crore, demonstrating its substantial presence in the financial market.

The firm's strategic focus on customer-centricity is underscored by its advanced technology platforms like Flip, TraderX, and FundsGenie, designed to meet evolving client needs efficiently. Geojit's extensive network spans 503 offices across India and the GCC region, supported by a dedicated team of 2,904 employees.

The Annual Report emphasizes Geojit's role as a SEBI-registered investment adviser and distributor of diverse financial products, including mutual funds, equities, and insurance, ensuring personalized services tailored to each client's financial goals.

Read the full Annual report Here

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Geojit, a stalwart in India's financial services sector, has cemented its reputation over 37 years by offering a wide spectrum of investment solutions. Serving a vast clientele across India and the GCC countries, Geojit specializes in mutual funds, insurance, equity and derivatives trading, commodities, PMS, and financial planning.

The firm's commitment to innovation is evident through its pioneering efforts in online and mobile trading since the early 2000s, ensuring clients benefit from state-of-the-art digital platforms tailored to their investment needs.

Supported by strong shareholders like BNP Paribas and strategic alliances with entities such as Kerala State Industrial Development Corporation (KSIDC), Geojit emphasizes transparency and technological advancement.

Its multi-channel distribution network, encompassing branches, online portals, and personalized customer care services, reflects a customer-centric approach. Geojit's recent initiatives, including ethical investment portfolios and innovative services like IPO applications via WhatsApp and digital loan against shares platforms, highlight its ongoing dedication to enhancing accessibility and efficiency in financial markets.

GEOJit will have its AGM on July 12 to finalize financial statements - FAQs

1. What does Geojit Financial Services Limited do?      

Geojit offers a range of financial services including mutual funds, insurance, equity trading, commodities, PMS, and financial planning.

2. When was Geojit founded?  

Geojit was established in 1987.

3. Where is Geojit based?

Geojit is headquartered in cochin India.

4. How many years of experience does Geojit have?   

Geojit has over 37 years of experience in the financial services industry.

5. What is the total revenue of Geojit for the fiscal year 2023-24?   

Geojit reported a total revenue of Rs. 624 crore for FY 2023-24.

6. What is EBITDA?  

 EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.

7. How much is Geojit's EBITDA for FY 2023-24?   

Geojit recorded an EBITDA of Rs. 244 crore for FY 2023-24.

8. What is the total Assets Under Management (AUM) and Custody of Geojit?  

Geojit manages assets worth Rs. 93,091 crore.

9. How many offices does Geojit have? 

Geojit has 503 offices across India and the GCC region

10. How many employees does Geojit have?   

Geojit has a workforce of 2,904 employees.

11. Who are the major shareholders of Geojit?   

Major shareholders include BNP Paribas and Kerala State Industrial Development Corporation (KSIDC).

12. What are Geojit's core services?   

Geojit provides financial planning, portfolio management services (PMS), and global investments.

13. What are the digital platforms offered by Geojit?   

Geojit offers digital platforms like Flip, TraderX, and FundsGenie for investment and trading.

14. Does Geojit offer insurance products?  

 Yes, Geojit distributes life insurance, health insurance, and general insurance products.

15. Is Geojit a SEBI-registered investment advisor?   

Yes, Geojit is a SEBI-registered investment advisor.

16. What are the benefits of Geojit's multi-channel distribution network?   

It allows clients to access services through branches, online portals, and dedicated customer care.

17. Does Geojit provide research reports?   

Yes, Geojit offers fundamental, technical, and commodity research reports.

18. What are Geojit's brokerage charges like?   

Geojit provides attractive brokerage tariffs.

19. Does Geojit offer margin trading funding?   

Yes, Geojit offers margin trading funding services.

20. Can clients trade through WhatsApp with Geojit?   

Yes, Geojit offers IPO application facilities through WhatsApp.

21. What is Geojit's approach to customer service?   

Geojit emphasizes personalized customer care to enhance client satisfaction.

22. Does Geojit focus on sustainable practices?   

Yes, Geojit is committed to sustainable wealth creation and responsible financial practices.

23. Does Geojit provide guidance for new investors?   

Geojit offers educational resources to help clients develop their trading skills.

24. How does Geojit support technological innovation?   

Geojit invests in cutting-edge technology to enhance its service offerings.

25. Does Geojit cater to international clients?   

Yes, Geojit serves clients in the Gulf Cooperation Council (GCC) countries.

26. What are Geojit's goals for the future?   

Geojit aims to expand its market presence and enhance customer satisfaction.

27. Does Geojit offer retirement planning services?   

Yes, Geojit provides financial planning services including retirement planning.

28. How does Geojit ensure transparency?   

Geojit maintains transparency through clear communication and ethical business practices.

29. Is Geojit listed on any stock exchange?   

Yes, Geojit Financial Services Limited is listed on stock exchanges.

30. How can I contact Geojit for more information?   

You can visit Geojit's official website or contact their customer service for further details.

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