by Suman Gupta
Mumbai, February 8: Geojit, one of the leading financial services intermediaries, today announced the formal change of its name and unveiled a new logo as part of a rebranding exercise that also coincides with the completion of its 30 years of operations.
The company is being renamed as Geojit Financial Services, in line with the restated shareholder agreement between Geojit and BNP Paribas. The French multinational bank will continue to be a prominent shareholder along with Kerala State Industrial Development Corporation (KSIDC) and Rakesh Jhunjhunwala.
Geojit Chairman Mr A P Kurian unveiled the new logo at an event here, in the presence of its founder and Managing Director Mr C J George, and other senior officials including Executive Director Mr. Satish Menon, and Managing Director of Geojit Technologies Ltd Mr A Balakrishnan.
Geojit has now 511 offices spread across India and the Gulf countries catering to over 8.5 lakh clients and has AUM worth Rs 29,000 crore.
Speaking on the occasion, Mr AP Kurian said: “All through my long association with Geojit, the company has always been progressive, innovative and has spearheaded many changes in the industry. With this new identity, I am sure that Geojit will move forth with renewed energy and commitment towards its clients.”
Mr C J George said: “Our new brand identity continues to be a reflection of what we stand for: trust, transparency and technology. We will continue to reach out to newer customers, building on our strengths and give our clients an edge when it comes to advanced trading platforms and incisive research.”
He continued: “We believe that foreseeing changes and successfully adapting to it is a key to success. Geojit, in the past 30 years, has adopted strategies that have ultimately benefitted our clients.”
About the future plans of the company, Mr George said: “With an increased focus on research and advisory teams, we are poised to guide our clients in wealth creation. Geojit will soon be launching new divisions for wealth management and financial planning. In addition, in the digital space we are working on upgrading our trading app and mobile app with new trading tools and content enhancement features.”
Speaking about the logo rationale, Sreeram G of Bloombox, said: “The Brand refresh was an interesting challenge; while working on the identity change we needed to make sure that the identity we created was a true reflection of the fundamentals that the brand Geojit stood for.”
“The logo is mounted on a square structure that represents stability and equality. The spherical shape formed by the letter ‘G’ represents the globe, while the arrow-shaped end symbolizes growth in investments. The soft design used to create the globe represents our knowledge, presence and investments. The powerful logo rests on a background of Teal green that represents wealth and financial stability. The refreshed Geojit logo represents this true essence of the brand,” added Sreeram.
About Geojit Financial Services : Geojit Financial Services (www.geojit.com) is one of the leading financial services intermediaries in India, with a strong presence in the Gulf countries. Listed on the National Stock Exchange (NSE) and on the Bombay Stock Exchange (BSE), it has more than 8,50,000 clients, a network of over 511 offices and has assets under custody worth over Rs. 29,000 crore. BNP Paribas, KSIDC and Rakesh Jhunjhunwala are the prominent shareholders of the company.
Geojit Financial Services has an extensive presence in the Middle East region via joint ventures and partnerships. Barjeel Geojit Securities, its joint venture with the Al Saud group is headquartered in Dubai, in the United Arab Emirates, and owns branches in Abu Dhabi, Al Ain, and Sharjah. Aloula Geojit Capital Co., the joint venture with the Al Johar group in Saudi Arabia is headquartered in Riyadh with a branch in Dammam. BBK Geojit Securities KSC, located in Kuwait, is a joint venture with Bank of Bahrain and Kuwait and JZA. QBG Geojit Financial Services LLC is the joint venture with Qurum Business Group (QBG) and National Securities Co. and is based in Oman. The company also has a presence in Bahrain through a business partnership with Bank of Bahrain and Kuwait.
Geojit Technologies Pvt. Ltd. (GTL), an SEI CMMI Level 5 software solutions provider engaged in conceptualizing, designing and implementing end-to-end business solutions.