Narnolia Launches “Giving Back 100% of its Gross Brokerage


Narnolia, founded in 1997 in the undivided Bihar launched an initiative ‘Giving Back to the its Roots’ as a part of its corporate social responsibility (CSR) wherein it will contribute 50% of its gross brokerage revenue earned through Narnolia mobile App trading between 20th September till 31st December’ 18 from the registered clients of Jharkhand and bihar, to the welfare of Jharkhand and bihar. Apart from this the clients will get 20% perpetual discount and 30% special discount for the above period. It means 100% giving back to the roots of Narnolia – 50% to the state and 50% to the people of Jharkhand and bihar.

The company also launched two very unique new softwares. While the first software – Narnolia Mobile APP- will help investors in taking better investment decisions with the use of research for which free training and tools will be provided by Narnolia, the second software – Vidur – will help them in better record keeping of all of its investments in all asset classes alongwith all analytics and tax calculations etc.

These initiatives are part of Narnolia’s celebration to have become a direct member of both the major stock exchanges-BSE and NSE, both the depositories- NSDL and CDSL, both the commodity exchanges – NCDEX and MCX. It is also a Category 1 Merchant Banker, Insurance Broker, Registered POP for NPS distribution. The company is already a Sebi registered Investment Advisor and Portfolio Manager for which it has won several awards at National level. With all these Narnolia has become the first, most comprehensive full service brokerage firm and also the largest brokerage and fund management house having Jharkhand and bihar origin with assets and custody and management having crossed 10500 crores. Narnolia will start it’s operation exclusively under its own Brand name in the entire country and abroad starting from 1st October, 2018.

Krishna N Narnolia, CMD Narnolia group said, ‘ It gives immense pleasure to have emerged as a leading name in the country, but nothing can be more satisfying than being able to do something for the people and the state of your origin’