Scripbox Expands Physical Presence, Announces Opening Of New Office In Delhi NCR

Scripbox, India's leading digital wealth manager, announced the opening of a new office in Delhi NCR. Through this, the firm hopes to provide clients with best-in-class digital capabilities that are supported by data and technology and enhanced by the human touch, the company said in the press release.

The acquisition of this additional office space, located inside the World Trade Tower in Noida, will expand Scripbox's diverse portfolio of digital investment opportunities. Customers across India's 2550+ cities and towns are served digitally by the organisation, it said.

It is strategically complementing its digital reach with human touch in key locations to cater to its HNI and UHNI clients, with the goal of meeting the rising need for tailored digital wealth management solutions enabled by human interactions, it added.

According to the release, as of December 2022, Delhi is one of India's mature markets, ranking second in terms of AUM and contributing 12.93 per cent of the country's total mutual fund assets. 46 per cent of total AUM is invested in stocks. SIP numbers are also greater than the national average.

Despite being one of the fastest-growing wealth management markets in the country, with a projected 101.2 per cent increase in the Ultra HNI population in the previous five years, it remains exceedingly price-sensitive, it stated.

With a large number of Ultra HNIs and HNIs in the region, there is a considerable need for customised wealth management services that are tailored to investors' individual financial goals and risk profiles. In Delhi, technology is often used by young investors, while the elder population prefers traditional methods. Notwithstanding these obstacles, Scripbox intends to provide a unique combination of technology and human contact to the Delhi market, it said

On this occasion, Sachin Jain, Managing Partner, Scripbox said, “At Scripbox, we believe in empowering our customers to make informed investment decisions to achieve their financial goals. We are delighted to announce our new office in Delhi NCR. This development will help us provide our customers with the best-in-class digital capabilities supported by our physical network to further enhance their investing experience.”

“Increasing financial awareness, the growing demand for personalised digital wealth management solutions, and the rise of comprehensive goal based financial planning in Delhi NCR, make it an attractive market for Scripbox's offerings,” he added.

“We see immense growth opportunities in Delhi and a significant opportunity to broaden our existing profile," says,” Atul Singhal, CEO and Founder, Scripbox. “Our disciplined approach and data-backed optimum solutions aim to deliver value to clients, while our platform's unique combination of technology, and a human interface is designed to build strong relationships with them.” he added.