Saturday, October 08, 2005

This is the first official posting for Inez Finserve; This Blog will be updated every Monday henceforth either by RK (Head - Strategy) or by Nandan (yours truly, Head - Operations).


Inez Finserve
has started operations beginning October 2005. We are branding overselves as a company whom you can trust to help you with your financial planning.

To be more professional in our outlook and approach we are working with Prof. Vivek from IIMB to hone our business planning.

Initially we are limiting our scale of operations to three cities Bangalore, Hyderabad and Chennai. Each city will initially be serviced by a Branch Manager assisted by four Financial Advisors (FAs). The hiring process for these positions are in process and should be completed within the next 10 days.

The FAs will undergo a two-week inhouse training in Bangalore which includes AMFI Certification Test training; soft skills; making them aware of and inculcating them in the core values of the company.

Investors' Meet
There has been two investors meet held till date. These have been wholly made up of RKs' ex-colleagues from Trilogy; it has been more of an informal follow-up meetings to RKs' initial round of discussions with them.

Inez Finances
Inez has sufficient funds to keep it operational even with zero revenue generation till March 2006; but we are confident of earning profits which would enable us to increase the manpower size to 45 (15 FAs in each of the three cities).

Hiring Process
Inez is in the process of recruiting 8 new FAs to its ranks, 4 each in Hyderabad and Chennai. Recruitment is a two step process beginning with a written test to gauge the applicants mathematical and language skills followed by a personal interview conducted by myself and/or RK.

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