The Virk brothers earned their engineering degrees at one of India’s premier engineering institutes – Punjab Engineering College – before pursuing their MBAs in the United States. Sarvjeet specialised in business management and marketing, while Tajinder focused on finance. Both brothers embarked on impressive careers right out of college, with Sarvjeet starting his first business at the age of 25 and Tajinder becoming the Vice President of Global Equity Trading at Fortis (NYSE:FTS) Bank at the same young age.
In 2009, the brothers founded Finvasia as a Foreign Institutional Investor (FII) in India. Setting out as money managers for prominent hedge funds and institutional investors, they were struck by the flaws of the financial industry in India.
Aiming to democratise the retail trading sector and provide greater accessibility to financial services and tailored products cost-effectively, the Virk brothers decided to challenge the status quo and lay the groundwork for zero-cost brokerage services. The growth they witnessed over a relatively short period of time was so remarkable that they agreed to pursue a multidimensional path. This led to the creation of the cross-industry conglomerate that Finvasia is today.
From thought to action there is only one step
Spanning several countries and industries, including technology, healthcare, and real estate, Finvasia marks a new era of engineering-driven, conflict-free and ethical businesses that shape the industry they operate in. Embarking on a multidisciplinary journey, Sarvjeet and Tajinder Virk worked towards creating an umbrella group servicing multiple verticals.
Finvasia’s diverse portfolio of brands creates an accessible, cost-effective, and integrated ecosystem that challenges industry norms and devises innovative solutions to real-world problems. Key brands within the Finvasia ecosystem include Shoonya, India’s first “Zero Cost” financial ecosystem; ZuluTrade, the world’s largest broker-agnostic social trading platform; Fxview, a globally recognised forex and OTC broker; and ActTrader, a leading fintech platform providing traders with access to a range of financial instruments.
The multidisciplinary group, along with its subsidiaries, has served a client base exceeding 5 million individuals across 190 countries, and has hosted several millions of accounts transacting trillions of dollars worth of transaction value.
The company employs over 450 employees across its offices in Australia, Japan, India, Mauritius, Cyprus, Greece, UK, South Africa, Canada, and the USA. What’s more interesting is that the Group has been EBIT positive all these years, showcasing its strong financial foundation and sustainable growth.
In 2023, Finvasia obtained an investment banking license and plans to launch a Global EMI and a neo-bank in India soon. This expansion demonstrates the company’s commitment to offering innovative financial solutions to its growing customer base.
Beyond the realm of finance, the company operates an innovative diabetes reversal medical facility that combines medical science and technology to create patient-centric treatment plans to put an end to this debilitating disease.
Also, in collaboration with a premier Indian institute, Finvasia is also developing Bodyloop, a groundbreaking project focusing on ‘in-body’ microsensors for personal health monitoring. Additionally, the group has invested in a food research entity that aims to address medical problems through food-based solutions, including a patent-pending natural food extract to provide relief for skin-related fungal infections.
The inspiring journey of the Virk brothers, who transformed Finvasia into a global enterprise, demonstrates the power of vision, innovation, and tenacity. Their unwavering dedication to creating ethical, sustainable products that benefit stakeholders has set new benchmarks for excellence, paving the way for a brighter, more inclusive future.
As Finvasia continues to grow and evolve, the bold leadership of Sarvjeet and Tajinder Virk remains at the core of the company’s success, forever changing the landscape of finance, healthcare, and technology. Their compelling story serves as an inspiration to entrepreneurs and visionaries worldwide, and with their continued innovation and dedication to excellence, Finvasia is set to make an even greater impact in the years to come.
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