Tag: asset management

Former Co-founder of ATS Homekraft Forays into Asset Management with Lending Platform

Prasoon Chauhan, former Co-founder and CEO of ATS Homekraft, has founded his next venture BlackOpal with the primary objective of providing strategic solutions to real estate projects throughout their life cycle. “Leveraging his expertise of project financing and development business Chauhan believes that BlackOpal will be able to support developers as a niche asset manager…

IndiaNivesh closes its PMS business due to market meltdown

Citing ongoing market meltdown due to the coronavirus pandemic, securities brokerage company IndiaNivesh announced the closure of its Portfolio Management Services (PMS) business. In an email to PMS investors dated March 29, IndiaNivesh’s Managing Director Sandeep Jain said, “In view of the current market volatility pursuant to the global outbreak of COVID-19 and its long…