Thirty years ago when we started this group, we had dreams in our heart and vision in our mind. Project Finance/ Debt Syndication Consultancy was our first venture in January 1991. In past 30 years we have been associated with numerous clients from various industries such as Real Estate, Hospitality, Manufacturing, Renewable Energy, Export, Trading, Infrastructure etc. and assisted them in fulfilling their financial requirements.
In the first quarter of 1993, we decided to diversify into Direct Sales of Financial Products. This was the time when Direct Sales of Financial Products had just taken birth in India. We were one of the first few in India to start this kind of business. We signed up with Citibank N.A. as their Direct Sales Associate for selling various products such as credit cards, loan against shares, car loan, housing loan, personal loan. In 1997, Citibank N.A. launched new concept for sale of liabilities i.e. CASA and Fixed Deposit through Direct Sale Associate. Money Managers was first DSA of Citibank N.A. who started selling liabilities. In 1999, our Promoters cleared Insurance Regularity and Development Authority (IRDA) exams and floated new company Investment Managers for sale of insurance products. Investment Managers is first Corporate Agent registered in IRDA for any private sector insurance company. It started sale of insurance products of ICICI Prudential with our first call centre in Mumbai having manpower strength of 100 and slowly expanded with another call centre in Pune with manpower strength of 200. However, due to steep reduction in profits due to change in IRDA guidelines in 2009, Money Managers decided to discontinue insurance distributorship and concentrated purely on investment banking. Today, our Company enjoy the reputation of one of the leading Financial Consultants in India.
In the year 2010, as a part of natural integration, we diversified into hospitality business by joining hands with Absolute Hotel Services (AHS) – a Thailand based hospitality conglomerate having a portfolio of 92 hotels across the globe by forming AHS Hospitality India Pvt. Ltd. – A multinational hotel management company engaged in operating and maintaining rated hotels across India and Middle East.