Kumar Harendra, founder & CEO of HBJ Capital Services Pvt. Ltd, is the man behind the set up of this independent equity research and advisory company.
Harendra, a Bachelor of Technology (B.Tech) in computer science and engineering from BMS College of Engineering started his career with Indian IT major Infosys. It was at Infosys that Harendra learnt to ‘think big and stay humble’, thanks to its general ESOP.
While working at Infosys, Harendra developed a deep interest in equity. This is where he planned to build a company that could create wealth for the investors. And thus HBJ Capital Services was born.
Harendra started HBJ Capital in the year 2005 as a free service for anyone looking for equity research and advisory in the Indian equity market. It was converted into a private limited company in February 2010 with 12 personnel on board and Rs 6 million turnover in the first year of incorporation.
At present, HBJ Capital with a workforce of more than 500 has become a formidable company and is expected to achieve a turnover of Rs 300 million in FY 2014-15. By mid-2015, HBJ Capital is expected to reach the milestone of having a workforce of approximately 1000 people. The company’s target for FY 2016- 2017 is around Rs 1 billion.
Harendra, a passionate man by nature worked hard to establish HBJ Capital even at a time when the economy was facing tough times. He believes that for an entrepreneur, it is very important to create his own path and proving oneself.
He also believes that corporate social responsibility should be integral to an organisation. As part of social responsibility, HBJ Capital has offered donations to various charitable institutions in Bengaluru. The children of all the house-keeping employees of the company get scholarships equivalent to their tuition fees at the schools. HBJ Capital has bright prospects in the future as equity business is likely to witness high growth in the emerging economies due to increase in market participation.
A natural leader and decision maker, Harendra also gives others in his team the right to participate in the decision making process. Standing on the high moral ground, Harendra built the business on fair and ethical practices.