Centricity, a wealthtech startup based in Gurugram, proudly announces the grand opening of its new office in Bengaluru, marking a strategic expansion into the southern market. Situated on the bustling Church Street, the office is strategically positioned to address diverse wealth management and financial product distribution needs in the region. Centricity is actively hiring skilled professionals across various capacities and is open to welcoming new team members in Bengaluru. Since commencing operations in April 2023, Centricity has built an extensive network of over 1600 financial product distributors spanning 12 states and 15 cities, with more than 2000 clients on board.
Anirudh Mahanot, Founding Team Member and Business Head (South & West India) at Centricity – “Bengaluru is a pivotal market for us, and this new office represents our commitment to innovation. With this new office we are aiming to reach more people and bridge the gap among Investors, Wealth Managers & Asset Managers. Our tie-up with IIT Madras research park is working on specialized modules to integrate elements of AI and ML to make this platform efficient.”
The grand inauguration event was attended by Founding Partners Manu Awasthy (CEO) and Gaurav Tiwari, along with senior team members Vinayak Magotra, Arpita Hegde, Abhay Mishra, and the Centricity team. Anirudh Mahanot and his dedicated team, including Attaur Khan (Branch Manager, Bangalore) and Shankar PA (Branch Manager, Bangalore), will lead the Bengaluru office.
Centricity’s “OneDigital” stands as India’s first tech-enabled multi-asset class, multi-product platform empowering Mutual Fund Distributors (MFDs) to access a comprehensive digital financial product listing, execute transactions digitally, and seamlessly deliver multi-product and multi-advisor client portfolio reports. It provides MFDs with tools like goal planning, a learning & development library, and portfolio analytics.
The second platform, “INVICTUS,” caters to single-family offices, Ultra High Net Worth Individuals (UHNIs), and corporate treasuries with portfolios exceeding 100 crores. INVICTUS simplifies investment management processes, offering holistic reporting, investment reckoner, portfolio scanner, liquidity profile, and performance tracking.
With ISO27001:2022 and RIA license achievements, Centricity has ambitious plans for the upcoming year. These include expanding business development teams, adding tech talent, achieving ESG compliance, establishing a support call centre, applying for broking licenses, conducting distributor partner roadshows, and offering mortgages for distributors.
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