Farsight Company

Farsight Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Farsight Company, officially known as Farsight Securities Ltd., was established in 1995 by Naresh Chand Maheshwari. The firm has positioned itself as a prominent player in the Indian financial market, specializing in a wide range of investment services.

Parent Company/Ownership Structure

Farsight operates as a public company, providing full-service brokerage and financial planning services. It is not a subsidiary of any larger corporate entity, allowing it to maintain independence in its operations and strategic decisions.

Headquarters Location

The headquarters of Farsight Company is located in New Delhi, India. This central location enables the firm to serve a diverse client base across various regions in India effectively.

Global Business Scope

While primarily focused on the Indian market, Farsight has expanded its services to include global investment opportunities. Clients can access international markets for trading in stocks, futures, options, currencies, and more, making it a versatile platform for investors.

Main Regulatory Bodies

Farsight Securities is registered with key regulatory bodies, including:

• Securities and Exchange Board of India (SEBI)
• National Stock Exchange of India (NSE)
• Bombay Stock Exchange (BSE)
• Multi Commodity Exchange of India (MCX)

These registrations ensure that Farsight adheres to the regulatory standards set forth to protect investors and maintain market integrity.

2. Company History and Development

Key Milestones

Farsight has achieved several significant milestones since its inception:

• 1995: Establishment of Farsight Securities.
• 1996: Commencement of NSE cash market trading.
• 2000: Became a depository participant of NSDL for securities.
• 2001: Initiated futures and options trading.
• 2018: Launched the Kunjee trading app, enhancing mobile trading capabilities.
• 2021: Introduced "Trry Itt," a stock selection app, and the Farsight Robo, a digital assistant for clients.

Business Expansion Journey

Over the years, Farsight has expanded its operations significantly, establishing a network of over 100 offices in more than 50 cities across India. This expansion has allowed the company to reach a wider client base, catering to both retail and institutional investors.

Customer Base Growth

Farsight has successfully attracted approximately 19,000 active clients, demonstrating robust growth in its customer base. The firms commitment to customer satisfaction and service quality has contributed to its reputation and trustworthiness in the market.

Platform Development History

Farsight has continually invested in technology to enhance its trading platforms. The introduction of the Kunjee mobile app and web portal has enabled users to trade seamlessly across devices, providing real-time market data and advanced trading tools.

Important Awards or Recognitions Received

Farsight has received various accolades for its services and performance, including recognition as one of the top-rated firms for stock broking and financial planning services in India. The firm has also been consistently ranked among the top 10 distributors of IPOs on major offerings.

3. Trading Services Offered

Forex Trading Options

Farsight offers a wide range of forex trading options, allowing clients to trade in multiple currency pairs. The platform supports trading in major and minor currency pairs, catering to both novice and experienced forex traders.

Stock Trading Options

Clients can trade in a variety of stocks listed on major exchanges, including NSE and BSE. Farsight provides tools for equity delivery, intraday trading, and futures trading, making it a comprehensive platform for stock investors.

CFD Trading Products

Farsight does not explicitly mention offering Contracts for Difference (CFDs) on its platform. Instead, it focuses on traditional stock and derivatives trading.

Other Financial Instruments

In addition to stocks and forex, Farsight offers trading in:

• Commodities: Clients can trade in various commodities, including gold, silver, and agricultural products.
• Mutual Funds: Farsight provides access to a range of mutual funds, allowing investors to build diversified portfolios.
• IPOs: The platform allows clients to participate in initial public offerings, providing opportunities for early investment in promising companies.

Special Services or Unique Advantages

Farsight distinguishes itself through:

• Personalized Advisory Services: Tailored investment strategies based on individual client goals.
• Advanced Trading Technology: State-of-the-art trading platforms equipped with real-time data, risk management tools, and algorithmic trading capabilities.
• Strong Customer Support: A dedicated customer service team available to assist clients with inquiries and issues.

4. Regulatory and Legal Background

Detailed Regulatory Information

Farsight Securities is regulated by several key bodies, ensuring compliance with financial regulations:

• Securities and Exchange Board of India (SEBI)
• National Stock Exchange of India (NSE)
• Bombay Stock Exchange (BSE)
• Multi Commodity Exchange (MCX)

Legal Entity Structure by Region

As a registered public company in India, Farsight operates under the legal frameworks set by Indian financial regulations. It does not have a significant presence outside India, focusing primarily on the domestic market.

Client Fund Protection Measures

Farsight adheres to strict regulatory guidelines that mandate the segregation of client funds from the company's operational funds. This practice ensures that client investments are protected and accessible.

Countries/Regions Served

While primarily serving clients in India, Farsight also offers access to international markets for global trading opportunities. This enables clients to diversify their portfolios beyond domestic investments.

Compliance History

Farsight maintains a strong compliance record with no significant legal issues reported. The companys commitment to regulatory standards reinforces its reputation as a trustworthy broker.

5. Competitive Landscape

3-5 Main Competitors

Farsight faces competition from several established firms in the Indian brokerage market, including:

• Motilal Oswal
• ICICI Direct
• HDFC Securities
• Zerodha

Positioning in the Industry

Farsight positions itself as a full-service broker, offering a comprehensive range of investment services. Its focus on customer service, technology, and personalized advisory sets it apart from many discount brokers that prioritize low-cost trading.

Market Differentiation Factors

Farsight differentiates itself through:

• Robust Technology: Continuous investment in technology to enhance trading platforms and user experience.
• Personalized Services: Tailored investment strategies and dedicated advisory services for clients.
• Strong Regulatory Compliance: Adherence to regulatory standards, ensuring the safety of client investments.

Conclusion

Farsight Company has established itself as a reliable and comprehensive brokerage firm in India, offering a wide range of investment services. With a commitment to customer satisfaction, advanced technology, and strong regulatory compliance, Farsight continues to attract and retain a growing client base.

For more information about Farsight Company, learn more here.