Share India Securities Limited has informed the Exchange regarding a press release dated Jun 30, 2025, titled "Fintech Veteran Prabhakar Tiwari to launch Project Drone , a Disruptive WealthTech Venture, Backed by Share India Securities Limited.
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Share India Securities has announced a strategic partnership with fintech veteran Prabhakar Tiwari (former Chief Growth Officer at Angel One, with prior stints at PayU, CEAT, and Marico) to launch 'Project Drone', a WealthTech platform. The venture will offer technology-led wealth management solutions targeting emerging and mass-affluent investors, especially in Tier 2, 3, and 4 cities, using behavioral finance algorithms and vernacular-first interfaces. Share India will provide capital, institutional-grade tech infrastructure, in-house development capabilities, and institutional credibility. The project is subject to regulatory approvals, with a beta launch planned later this year offering investment, trading, lending, and wealth advisory solutions. Share India, which has a net worth of Rs. 23bn and an Average Daily Turnover of INR 12,000 crore, aims to extend its sophisticated trading tools to the broader retail segment through this partnership.
This signals Share India's strategic push into the retail WealthTech segment and digital expansion beyond its institutional/u-HNI base, potentially opening new growth avenues. For shareholders, this could be viewed positively as a forward-looking diversification move, though execution risk and regulatory approvals remain key factors to watch.