SMC Investments & Advisors: Committed to Enriching Lives & Enhancing Wealth
The ‘India Shining’ story is a fascinating tale where the people of the country finally begin to rise up & move forward to realize its true worth and delivering on the umpteen promises held.
The ‘India Shining’ story is a fascinating tale where the people of the country finally begin to rise up & move forward to realize its true worth and delivering on the umpteen promises held. The tale can be best summarized with one glance at the election campaigns through the course of its history. We have come a long way from the ‘Roti, Kapda Aur Makaan’ tag line adopted by the imperial Indira Gandhi to ‘Digital India’ & ‘Achhe Din’ shout out by the dynamic Narendra Modi. We no more appeal for survival but inspire and invigorate to barge forward. The Wealth Management Industry is a prime example of the success of a free market economy a la when the Indian market opened its doors to FDI in 1991. The much talked and discussed economic liberalization heralded a generation of Industrialists with new money. The economic outburst resulted in a large pool of wealthy people with a scarce idea of how to manage the minted money and where to reinvest it. Today in 2016, with a GDP moving at 7.5 percent,
well ahead of its peers India Inc is witness to a steady outflux of High Net-Worth Individuals (HNIs) and an innumerable companies running on the profit-making treadmill. Amidst this burgeoning spirit of breaking away from the shackles, D K Aggarwal saw an opportunity to tap into the chaotic situation, a wild golden goose would cause! As they say, every Pen industry needs a thriving Paper industry to prosper, the mismanagement of the assets by the newly rich lead to the creation of many Wealth management upstarts, and also to the dawn of SMC Investment & Advisors.