Thursday, 24th July 2008 (687 views)

A financial service provider is to open new centres across India, reports Business Standard.

Six centres will be built by ArthaMoney in Chennai city, followed by five more each in Delhi, Mumbai, Andhra Pradesh and Karnataka.

In order to promote the new stores, company managing director and chief executive officer Suresh Rangarajan said: "One customer will win a one sovereign gold coin every day in a lucky draw for 30 days from tomorrow."

Mr Rangarajan said ArthaMoney will provide services for real estate, loads, insurance, equity and mutual funds.

He added the company will try to attract 10,000 customers by the end of August 2008.

India Interacts said ArthaMoney is the country's first financial supermarket.

It has partnerships with Reliance General Insurance, New India Assurance, Shriram life insurance and Barclays Bank.

According to the Financial Express, the company is targeting itself at middle network people as opposed to high net-worth individuals.

 

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