Coin Street
An emerging name in the realm of investment advisory; renowned for expertise, quality, and reliability
Coin Street (coinstreet.in) is a SEBIregistered investment advisory platform focused on providing quality advisory services to growing retail investors. The platform leverages quantitative methods and follows a data-driven approach to provide actionable investment advice. Coin Street is the brainchild of Mr Rohit Prakash who is also an alumnus of IIT Kanpur and IIM Calcutta.
At the heart of Coin Street’s purpose is the dedication to giving everyone access to and understanding of high-quality investing advice. They aim to leverage the power of data to bring innovative institutional quality investing strategies for retail investors. The company is currently taking advantage of online marketing and social media channels to market their offerings.
THE MAN OF THE HOUR
Rohit Prakash, Founder and CEO of Coin Street, is a seasoned financial professional who brings substantial expertise and enthusiasm derived from a broad experience spanning a decade. Rohit, an alumnus of IIT Kanpur and IIM Calcutta, has been employed by Standard Chartered Bank for nine years. He has experience in an array of fields, including corporate finance, equity capital markets, and commercial real estate. Rohit brings his experience and knowledge to build winning investment strategies
THE GENESIS OF COIN STREET – FROM PASSION TO PROFESSION
It all began as a side hustle over a decade ago, when Rohit started managing his own and family capital. What started as a personal pursuit has evolved into a profound journey of growth and discovery. Throughout these ten years, he faced many ups and downs, gaining invaluable insights along the way. His strategy drastically changed when he looked into factor-based investing as this was not much pursued in India. This provided Rohit the chance to create a high-quality consulting platform that regular investors could afford and use. Using data and technology allowed him to do this, and at that point, he decided to devote himself to it full-time.
EDGE OVER THE PEERS
Coin Street is in the investment management business, and their emphasis on data-driven decision-making processes and risk management sets them apart. Emotions play a major role when you are managing money. In order to avoid letting their emotions influence their choices, they have opted to use a data-oriented and rule-based strategy. This has been proven to be successful in their own wealth creation journey, and they aim to produce similar results for their clients. Coinwise Research Private Limited (a company which owns the brand Coin Street) is registered under the DPIIT Startup India scheme.
BUILDING A PATH FOR FUTURE GROWTH
Coin Street is placing investment management at the centre of its expansion and looking to partner with other companies in this space. However, promoting financial knowledge, and education is an important element which Coin Street is focused on. Rohit believes, there is a lot of work that needs to be done in this area, so the team hopes to explore it more seriously in the future. Coin Street aspire to leverage technology more as they move forward in their journey. The team is also exploring ways to use current advancements in AI to benefit the investment community.
WORDS OF WISDOM BY THE LEADING MAN
I would like to tell all your young readers that the best investment is to “invest in yourself” Find your area of interest or passion, then continue to learn more about it daily to improve. You will be astounded by the advancement over time, and it may carry you far. That is how compounding works in real life, and it is also the key to attaining your goals. There are no fast cuts or simple solutions; instead, consistency and everyday improvement are vital.
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