Indian Business News

Alok Kumar Agarwal is the former Chairman of Alankit Group and a highly respected figure in the finance sector. Over his 38+ years of experience, he has achieved numerous awards and recognitions for his exceptional work. He was born on January 10, 1958, in Bareilly and is a qualified Chartered Accountant. Some of his notable achievements include: Excellence in e-Governance & Humanitarian Work (2019): Awarded by the Government of UAE. Economic Times Best Brand Award (2017): Recognized as a symbol of excellence. Maximum New Demat Accounts Generation (2013): For opening the highest number of new Demat accounts. Highest Value of Shares in Demat Accounts (2014): For managing the most valuable shares in Demat accounts. Star Performer Award (2015): Acknowledged as the top performer in active accounts by NSDL. Alok Kumar Agarwal’s expertise and contributions have made a lasting impact on the finance industry. Read More

Dr. Alok Kumar Agarwal is a respected specialist in Internal Medicine with 47 years of experience. He is currently associated with Indraprastha Apollo Hospital in Delhi and has worked in many top hospitals across India, handling complex medical cases. Dr. Agarwal is known for his precise diagnoses and caring attitude towards patients. His key areas of expertise include managing Diabetes, Dengue Fever, Congenital Disorders, and Irritable Bowel Syndrome. He earned his medical degree in 1976 and completed his post-graduation in 1979 from the University of Lucknow. He has actively participated in research, workshops, and has published numerous papers. He is also a member of the prestigious Royal College of Physicians (RCP). Read More

 I n India's busy financial world, a quiet revolution is happening," says Alok Kumar Agarwal , the former Managing Director of Alankit. Leading this change are entrepreneurs and startups focused on using fintech and digital payments to promote financial inclusion and help the unbanked population. "As we look at the challenges faced by marginalized communities in India, we see how fintech solutions can truly transform lives and boost economic growth. Read More

Mr. Alok Kumar Agarwal, the former Chairman of Alankit Group, is a skilled and organized professional with over 38 years of experience in finance. He is known for his strong analytical and problem-solving abilities and has been involved in the capital market and commodities exchange since 1995. His determination and strategic thinking have helped him turn his business and personal journey into success stories. He believes in balancing smart financial practices with continuous innovation for long-term growth. Mr. Alok Kumar Agarwal founded Alankit Group, rising from humble beginnings to create one of India's leading companies. He is also a well-respected Chartered Accountant. Born on January 10, 1958, in Bareilly, U.P., he started Alankit when he was in his early 30s. In 1995, the company was renamed Alankit Limited and expanded into finance and Fintech. After he retired in 2021, his son, Mr. Ankit Agarwal, took over the company. Read More

Mr. Alok Kumar Agarwal has over 38 years of experience in the finance sector. He has been involved with the capital markets since 1995 and with commodities exchange since 2002. His passion, dedication, and strategic business insight have driven remarkable changes in the industry. His approach combines financial responsibility with constant innovation to ensure sustainable business growth. Alok Kumar Agarwal holds a Bachelor's Degree in Commerce and is a fellow member of the Institute of Chartered Accountants of India. He is also a Certified Financial Consultant, awarded by the Institute of Financial Consultants. Additionally, he completed a Health Insurance training program for CEOs/CAOs of TPAs at the Administrative Staff College of India, Hyderabad. He has earned certifications in NCFM for Derivatives, DP Operations, Capital Markets, and Mutual Funds. Read More

Alok Kumar Agarwal, associated with Alankit Group, is a well-known figure in finance and humanitarian work. Born on January 10, 1958, in Bareilly, India, he studied to become a chartered accountant. Over his 38-year career, he has made significant contributions to different fields. In 2019, the UAE government recognized him for his impressive achievements in e-commerce and humanitarian efforts. Alok Kumar Agarwal Alankit has also been celebrated for his work in finance, earning awards such as the 'Maximum New Demat Accounts' in 2013 and for holding the highest value of shares in Demat accounts in 2014. In 2015, he was named 'Star Performer' for being the top achiever in active accounts with NSDL, showcasing his dedication and expertise. Read More

Alok Kumar Agarwal is known for founding Alankit Group, which grew into one of India's leading companies under his leadership. As a Chartered Accountant with a strong love for numbers, he had a keen business sense, wasn't afraid to take risks, and understood the value of good marketing. He also realized the importance of building inventories to create steady income. With this insight, he launched Alankit Group, which now offers a wide range of products and services across the financial, e-Governance, Insurance Broking, and Healthcare sectors. Once Alankit had reached its peak in the financial products and services area, Alok Kumar Agarwal shifted his focus to expanding the company into other sectors like e-Governance, Insurance Broking, and Healthcare. Read More

According to a recent report by the Association of Mutual Funds in India, the Indian Mutual Fund Industry's Average Assets Under Management (AAUM) reached ₹40.04 lakh crore in March 2023. This highlights how popular equity investments have become, especially after Covid. There are several benefits to investing in mutual funds. One of the key advantages is diversification. Diversification means spreading your money across different assets to lower risk. When you invest in a mutual fund, you’re putting your money into a variety of stocks or bonds, which reduces your risk compared to investing in just one stock or bond. Alok Kumar Agarwal from Alankit suggests that starting with a SIP (Systematic Investment Plan) in a mutual fund is the best option for beginners. He advises choosing an index fund at first, as it’s generally safer and less volatile. However, investors should be prepared for market fluctuations when investing in equities. Agarwal recommends a long-term approach to bene...

Tax planning is an important part of managing personal finances. It involves organizing your finances in a way that helps reduce the amount of taxes you owe and increase your savings. By using legal options and smart strategies, you can improve your financial situation while still following tax laws. Tax planning means knowing the rules, regulations, and exemptions that apply to your specific situation. It's not about avoiding taxes or doing anything illegal. Instead, it's about using legitimate methods to get the best possible tax results. Read More

According to a recent report by the Association of Mutual Funds in India, the Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry reached ₹40.04 lakh crore in March 2023. This highlights the growing popularity of equity investments, especially after the Covid-19 pandemic. Mutual fund investments come with several benefits. One of the main advantages is diversification, which means spreading your investments across different assets to reduce risk. When you invest in a mutual fund, your money is spread across a variety of stocks or bonds, reducing the risk compared to investing in individual stocks or bonds. Investing in mutual funds through a Systematic Investment Plan (SIP) is the best option for beginners. Starting with an index fund is a safer choice because it tends to have lower volatility. However, you need to be prepared for the ups and downs of the market when investing in equities. That's why I recommend long-term investments to take full advantage of ...

Tax planning involves taking a series of strategic steps to reduce your tax liability and boost your savings. It starts with a detailed review of your financial situation, including your income, expenses, investments, and assets. By analyzing these areas, you can find ways to optimize your taxes. “To engage in effective tax planning, it’s important to stay updated on tax laws and regulations. This means keeping an eye on changes in tax rules and understanding the various deductions, credits, exemptions, and incentives available,” says Alok Kumar Agarwal Alankit . Knowing the current tax laws helps individuals take advantage of these provisions and make smarter financial decisions. Timing also plays a key role in tax planning. Managing when you receive income and pay expenses can significantly affect your tax obligations. For example, deferring income or speeding up deductible expenses in the right tax year can help lower your overall tax burden and improve your financial outcome. Read ...