PR No – 90
27th May, 2024
New Delhi
PHDCCI organizes a Conference on Retail Debt
Speaking at a Conference on Retail Debt organised by PHDCCI, Mr. Saket Dalmia, Former President, PHDCCI said that equity has taken centre stage in India for the last 5 to 7 years with the stock market crossing 5 trillion in market capitalisation. He said that technology is enabling dissemination of information to investors. It is important for investors to understand how to penetrate the markets to make the best investment decisions.
Mr. B K Sabharwal, Chair, Capital Market & Commodity Market Committee, PHDCCI said that debt markets can give more returns than the equity markets. He said that brokers earn a huge percentage of income from debt markets.
Mr. Shachindra Nath, Chair, BFSI Committee mentioned that the number of Demat accounts have registered a phenomenal rise from 5 lakh Demat accounts in 1999 to 15 crores presently. He observed that the debt market is 20 times bigger than equity markets and the number of investors have grown much faster. New generation digital platforms are providing opportunities to investors. He called for investment in NBFCs as any such investment will contribute towards making new Bharat.
Mr. Jyoti Prakash Gadia, Managing Director, Resurgent India Limited encouraged investors to invest in debt capital markets. He said that only 4-5% of household savings are invested in capital markets and there is a need to increase the percentage of household savings into capital markets. Investing in NBFCs offer an opportunity to diversify one’s investments.
Eminent panelists who deliberated on the different aspects of Retail Debt included Mr. Kishore Lodha, CFO, U GRO Capital; Mr. Raman Agarwal, Director, Paisalo Digital; Mr. Umesh Khandelwal, Chief Business Officer, Tipsons Group; Mr. Ajay Prakash Singh, VP – Debt, SMC Global Securities Limited; Mr. Ravi Sharma, Advisor, SPA Capital Services Limited; Mr. Praveen Khanna, Vice President, ScoreMe Solutions; Mr. Nikhil Agarwal, CEO, Grip Invest; Mr. Indrajit Das, Head – Partnerships, Wintwealth & Mr. Sunny Mirchandani, Director, IndiaBonds.
The Conference was moderated by Mr. Mohit Luthra, ASG, PHDCCI. The Conference was well attended by representatives from capital market and had useful deliberations.
The Conference was supported by Ugro Capital ltd. as the Event Partner, Resurgent India limited as the Knowledge Partnr and CPAI as the Association Partner; and was supported by PHDCCI annual sponsors, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry