Geojit BNP Paribas Financial Services was founded as a partnership firm by C J George and Ranajit Kanjilal in 1987. Later in 1993 Ranajit Kanjilal retired from the firm. In 1995 Kerala State Industrial Development Corporation acquired 24% stake in the company, becoming the only instance in India of a government entity participating in the equity of a stock broking company.
Geojit is a charter member of the Financial Planning Standards Board of India and is one of the largest DP brokers in the country.
It has entered into a joint venture to form Barjeel Geojit Securities LLC, Dubai in order to cater financial services in gulf countries.
With a presence in almost all the major states of India, the network of over 540 offices across 300 cities and towns presently covers Andhra Pradesh, Bihar, Chattisgarh, Goa, Gujarat, Haryana, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Orissa, Punjab, Rajasthan,Tamil Nadu & Pondicherry, Uttar Pradesh, Uttaranchal and West Bengal.
Geojit provides quality services in equity trading through its network of over 450 branches in India, Muscat, Dubai, Sharjah, Kuwait, Bahrain, Abu Dhabi and Ras Al Khaimah.
It has various subsidiary namely Geojit Commodities engaged in commodity trading, Geojit Credits is a Non Banking Financial Company, Geojit Technologies is into software development and services and Geojit Financial Distribution is engaged in insurance referrals and Geojit Financial Management.
Products and services
The company offers wide range of investments options in equity, futures and options, IPOs and mutual funds. The company offers clients daily SMS alerts, market pointers, periodical research reports, stock recommendations and customer meets organized frequently.
It also has online services named Classroom for new investors providing basic information about all investment avenues.
1986- C. J. George became member of Cochin Stock Exchange
1987 M/s C. J. George and Co. was set up at Ravipuram, Cochin
1988Company was renamed at M/s Geojit & Co.
1994 Becomes a Public Limited Company named Geojit Securities Ltd.
1995 Kerala State Industrial Development Corporation Ltd. (KSIDC) acquires 24 percent equity stake.Membership in National Stock Exchange (NSE).Public Issue.
1996 Launch of Portfolio Management Services with SEBI registration.
1997 Depository Participant (DP) under National Securities Depository Limited.
1999 Membership in Bombay Stock Exchange (BSE).
2000 BSE Listing.1st broking firm in India to offer online trading facility.Commences Derivative Trading with NSE.Integrates the 1st Bank Payment Gateway in the country for Internet Trading.
2001 Becomes India's first DP to launch depository transactions through Internet.Establishes Joint Venture in the UAE to serve NRI customers.
2002 1st in India to launch an integrated internet trading system for Cash & Derivatives segments.
2003 Geojit Commodities Limited, wholly owned subsidiary, launched Online Futures Trading in agri-commodities, precious metals and in energy futures on multiple commodity exchanges.National launch of online futures trading in Rubber, Pepper, Gold, Wheat and Rice.Company renamed as Geojit Financial Services Ltd.
2004 National launch of online futures trading in Cardamom.
2005 NSE Listing.Geojit Credits, a subsidiary, registers with RBI as a Non Banking Financial Company (NBFC).National launch of online futures trading in Coffee.
2006 Charter member of the Financial Planning Standards Board of India.
2007 BNP Paribas takes a stake in the company’s equity, making it the single largest shareholder.Establishes Joint Venture in Saudi Arabia to serve the Saudi national and the NRI.
2008 BNP Paribas Securities India (P) Ltd. – a Joint Venture with BNP Paribas S.A. for Institutional Brokerage.1st brokerage to offer full Direct Market Access execution in India for institutional clients.
2009 Launch of Property Services division.Launch of online trading in Currency Derivatives.Consequent to BNP Paribas becoming the largest stakeholder in Geojit BNP Paribas, company is renamed as Geojit BNP Paribas Financial Services Ltd.
2010 Launch of FLIP(Financial Investment Platform), a new advanced online investment platform.Launch of state of the art Mobile Trading platform to empower clients to trade from anywhere, even while on the move through the innovative application FLIP- ME.Barjeel Geojit Securities, its joint venture with the Al Saud group is headquartered in Dubai, in the United Arab Emirates, and owns branches in Abu Dhabi, Ras Al Khaimah, Al Ain, and Sharjah.Aloula Geojit Capital Co., the joint venture with the Al Johar group in Saudi Arabia is headquartered in Riyadh with branches in Dammam and Jeddah.BBK Geojit Securities KSC, located in Kuwait, is a joint venture with BBK and JZA.QBG Geojit Financial Services LLC is the joint venture with Qurum Business Group (QBG) and National Securities Co. and based in Oman.
2011 Geojit BNP Paribas and JZ Associates LLC, Kuwait signed a JV deal with Bank of Bahrain and Kuwait to from BBK Geojit Securities KSC. The agreement was signed by Abdulkarim Bucheery, CEO of BBK, C. J. George and Jassem Hassan Zainal of JZ Associates LLCGeojit BNP Paribas joined hands with Qurum Business Group and National Securities Company in Oman to form QBG Geojit Securities LLC, Oman. The deal was inked by Sheikh Abdulaziz bin Ahmed Al Hosni, Vice President and Chairman of Qurum Business Group and C. J. George
2012 Qualified Foreign Investors (QFI) Investment services launched