Ankit Mandholia
CEO
Give a brief account of your professional journey.
I developed a passion for the Indian stock market after my father introduced me to it in the early 1990s. Eventually, I pursued a career in this industry, starting in 2004 with various responsibilities including business development and website development. In 2007, I joined ICICI Securities as a Team Leader in Equity Advisory, where I managed different tasks, including overseeing the product and establishing the first offline dealing desk in 15 locations. I further transitioned to distribution in 2017 and became the Head of Product for Mutual Funds and Fixed Income in 2020, where I increased the company's Mutual Fund market share. Hereafter, I was promoted to CEO - Retail Business at FINDOC Investmart in October 2022.
Define FINDOC as an organization and its positioning in the financial services industry.
As a financial services company, FINDOC Investmart offers retail customers in India a variety of investment and trading options, including equity trading, derivatives, mutual funds, fixed-income products, and insurance. The
company's approach is focused on customer satisfaction, innovation, and leveraging technology to provide a seamless investment experience. FINDOC, head quartered in Ludhiana, is a highly successful regional player.It offers a wide range of investment products to HNI clients. It is a pioneer in the development of Algorithm solutions and the provision of automated trading platforms to clients. Having only been around for ten years, the business is currently aggressively expanding throughout India. It intends to expand its retail operations, build a larger network of franchisees, and provide even more cutting-edge trading solutions to its clients in the coming years.
Describe your leadership approach. What is your success mantra?
In my leadership style, I prioritize teamwork and collaboration to achieve goals. I believe that setting a clear vision and working with my team members toward the same objectives is critical. I place a strong emphasis on empowering my team members and encouraging them to take ownership of their work to boost motivation. Open communication and collaboration are crucial in finding the best solutions and approaches for success, and I regularly seek input and feedback from my team members. I also believe in paying attention to both the big picture and small details and in continuous learning and development for myself and my team.
What are the factors you look into when developing effective corporate growth strategies?
As a professional who develops corporate growth strategies, I always follow a data-driven approach. I start with a thorough SWOT analysis to identify areas where the organization has a competitive advantage and areas that need improvement. I also conduct a financial analysis and consider the organization's capacity to understand where additional resources may be required to achieve growth. Mitigating risks and prioritizing innovation are also essential to drive growth. Additionally, I seek strategic collaborations and partnerships to help achieve growth objectives. Over all, a data-driven approach is critical to developing effective corporate growth strategies that align with the organization's goals and resources.
I believe in paying attention to both, the big picture and small details and in continuous learning & development for myself and my team
Describe your leadership approach. What is your success mantra?
In my leadership style, I prioritize teamwork and collaboration to achieve goals. I believe that setting a clear vision and working with my team members toward the same objectives is critical. I place a strong emphasis on empowering my team members and encouraging them to take ownership of their work to boost motivation. Open communication and collaboration are crucial in finding the best solutions and approaches for success, and I regularly seek input and feedback from my team members. I also believe in paying attention to both the big picture and small details and in continuous learning and development for myself and my team.
What are the factors you look into when developing effective corporate growth strategies?
As a professional who develops corporate growth strategies, I always follow a data-driven approach. I start with a thorough SWOT analysis to identify areas where the organization has a competitive advantage and areas that need improvement. I also conduct a financial analysis and consider the organization's capacity to understand where additional resources may be required to achieve growth. Mitigating risks and prioritizing innovation are also essential to drive growth. Additionally, I seek strategic collaborations and partnerships to help achieve growth objectives. Over all, a data-driven approach is critical to developing effective corporate growth strategies that align with the organization's goals and resources.
What are the methods you have suggested for the team to draw key insights from the market?
Firstly, I encourage thorough market research and analysis by gathering and analyzing data from industry reports, customer surveys, and competitor analysis. Secondly, staying informed about the latest industry news and trends is crucial for identifying emerging opportunities and staying ahead of the competition. Additionally, conducting customer research and analysis helps us understand their needs and preferences to improve our products and services.Lastly,collaboration and sharing insights within the team help generate innovative ideas and identify new growth opportunities. By leveraging these methods, my team can draw key insights from the market and identify new growth opportunities.
What is the future destination you are heading towards?
As an experienced professional in financial services, I aim to continue promoting financial literacy and inclusion while attracting upcoming advisors and students. My goal is to simplify the investment process and introduce safer products. This requires qualified and passionate advisors. Thus, I plan to train and attract the next generation of advisors to create a more accessible and inclusive financial services industry. By achieving my objectives, I hope to empower people to make informed financial decisions and secure their financial future, regardless of their background or financial situation.
What would be your advice to upcoming leaders in this industry?
As a seasoned financial services professional, my advice is to focus on building strong relationships with clients, partners, and colleagues. Secondly, stay updated on industry trends and adapt to new changes. Embrace a data-driven approach by investing in the right tools and processes. Foster a culture of innovation and continuous learning. And finally, always keep the customer at the centre of everything you do. Following these principles will help upcoming leaders build successful organizations that provide real value to customers and have a positive impact.
Ankit Mandholia, Ceo-Retail, FindocTOP
Ankit holds a dual major in Computer Science and Industrial Management from Purdue University, USA. Ankit is passionate about technology and has implemented digital solutions in the business. Outside of work, he enjoys travelling, arts, fine dining, movies, and reading. Ankit is married with a 10-year-old son and lives in Mumbai, where he enjoys spending time with family and exploring the city.
Firstly, I encourage thorough market research and analysis by gathering and analyzing data from industry reports, customer surveys, and competitor analysis. Secondly, staying informed about the latest industry news and trends is crucial for identifying emerging opportunities and staying ahead of the competition. Additionally, conducting customer research and analysis helps us understand their needs and preferences to improve our products and services.Lastly,collaboration and sharing insights within the team help generate innovative ideas and identify new growth opportunities. By leveraging these methods, my team can draw key insights from the market and identify new growth opportunities.
What is the future destination you are heading towards?
As an experienced professional in financial services, I aim to continue promoting financial literacy and inclusion while attracting upcoming advisors and students. My goal is to simplify the investment process and introduce safer products. This requires qualified and passionate advisors. Thus, I plan to train and attract the next generation of advisors to create a more accessible and inclusive financial services industry. By achieving my objectives, I hope to empower people to make informed financial decisions and secure their financial future, regardless of their background or financial situation.
What would be your advice to upcoming leaders in this industry?
As a seasoned financial services professional, my advice is to focus on building strong relationships with clients, partners, and colleagues. Secondly, stay updated on industry trends and adapt to new changes. Embrace a data-driven approach by investing in the right tools and processes. Foster a culture of innovation and continuous learning. And finally, always keep the customer at the centre of everything you do. Following these principles will help upcoming leaders build successful organizations that provide real value to customers and have a positive impact.
Ankit Mandholia, Ceo-Retail, FindocTOP
Ankit holds a dual major in Computer Science and Industrial Management from Purdue University, USA. Ankit is passionate about technology and has implemented digital solutions in the business. Outside of work, he enjoys travelling, arts, fine dining, movies, and reading. Ankit is married with a 10-year-old son and lives in Mumbai, where he enjoys spending time with family and exploring the city.