BigProfit, A Fintech Startup Is Disrupting Stock Advisory Industry In India

- - Startup Stories

With a market capitalization of $1.7 trillion and a trade speed of 6 microseconds, Indian Stock Exchanges are one of the largest and fastest in the world. However, when it comes to investment, only a few among 31 million-strong active stock market community are aware of the right stocks and securities to trade. BigProfit plans to change it. As India’s first and only Mobile Application which connects investors with the diverse list of SEBI registered Analysts & Advisors. It’s a Marketplace of SEBI Registered Research Analysts & Investment Advisors who list and sell their subscriptions service of stock market research online through our mobile application.

Problem faced

It all began because of founders’ strong interest in financial markets. Mr. Rajeev Gupta, a MBA graduate in finance and marketing, and co-founder Mr. Rakesh Gupta, a Chartered Accountant, despite of having good qualification and more than 18 years of Experience in stock market, they learnt that Investment in stocks is not an easy task, buying research or advisory service is costly and is accessible to High Networth Individuals only. Also the Stock research market is highly unorganized, with its major portion dominated by unregistered analysts. Majority of Investors trade on rumors’, brokers’ advice, Business News Channels and recommendations given by the unregistered analysts, which usually led to frequent losses. The registered analysts are either not accessible or it’s not convenient for investors to buy their services online.

With a dream to create something that could offer a ‘choice’, they spoke to a few other learned individuals and finally founded BigProfit in January 2016. While working on the prototype, they strived hard to keep it transparent and convenient for investor to check the past recommendations, unbiased performance and ratings and take services of any analyst online.

Solution

BigProfit functions on the idea to provide trustable, qualified and SEBI registered stock market analysts to investors, there is no other platform that gives investors an option to choose from various SEBI registered analysts. It’s both transparent and convenient for investor to take trial services of any analyst and to check the past recommendations, performances & ratings of an analyst, once the user is satisfied he may buy subscription services online. As a disruptive innovative platform investors get these subscriptions at very reasonable cost (sometimes as low as one fifth of the market price. App users gets added features like real time news and an option to directly ask questions to analyst by paying a nominal fee.

Traction

The honor that BigProfit has collected in such a short duration is visible by 40,000+ downloads and addition of 30+ Analysts within a span of 4 months, with monthly addition of 5000+ users growing exponentially. But, the humbleness of its founders – Rajeev Gupta and Rakesh Gupta is unbelievable. Together, they have built the company around the belief that everybody should have the power to make sound investment decisions and empowered investors to rate and review analysts, so that others can take wise decisions. They understand that every user’s goals are unique, and deserve a well-studied approach to reach their financial future. Their app enables investors, who have never bought or even thought of buying a research service, take the big step towards creating, maintaining and expanding their stock portfolio.

Team

bigprofit-team

BigProfit has a team of professionals having diverse knowledge and experience but come together for common objectives and interests. Founder, Mr. Rajeev Gupta, is an MBA graduate having specialization in finance and marketing, he is also a tech guy and leading this venture with his vast experience of 20 years in financial markets & software development. Co-founder Mr. Rakesh Gupta is a fellow member of Institute of Chartered Accounts of India (ICAI) and has a wide experience of more than 16 years in Capital Markets. He has served as a Director at SMC Global Securities Limited. Mr. Tarun Kumar, a B.Tech graduate is heading our overall operations. Our development team includes Mr. Nitin Misra, C.T.O  and Mr. Aman  Rawat, Head Development both B.Tech Graduates and having vast experience of Web and Mobile Application Development.

The team supports their app with an actively run customer care department and customer can contact BigProfit through its Toll free number. The team makes sure that all users gets excellent service & exceptional user experience.

Engineering student by education and Entrepreneur by choice. Asish is a TCS Best Student Awardee, NDTV featured student entrepreneur and International School of Entrepreneurship Education awardee. He also worked with many startups and big companies for their business development and strategical growth. Asish has been heading The Startup Journal since its inception in 2014.