Prosharpe Wealth Management
On November 8th 2010, Ramanjaneyulu Vaidyula (Vaidyula), sitting in his air conditioned office in Hyderabad, India, felt a trickle of sweat on his forehead as he leaned forward in his chair to have a closer look at his computer terminal. He was holding the mouse tight in one hand while gripping the armrest of his chair with the other. He loosened his tie, wiped the sweat, drank a sip of water and slumped back in the chair. He had just lost over ₹1.5 million in intra-day stock market transactions.
Vaidyula, a Non-Resident Indian (NRI) had spent around 15 years in the US, where he had completed his education and gained work experience before moving back to India in 2004. He aspired to combine his passion for starting his own business and fascination towards financial markets. While he was at his first job in the US he had done his first investment in the commodities market in 1994. The markets were performing well which helped in nurturing his interest in stock markets. To enrich his knowledge of investments Vaidyula enrolled for Masters in Business Administration at Carnegie Mellon where he took various courses in Investments. The markets were performing well. He developed further interest in stock markets and enrolled for Masters in Business Administration at Carnegie Mellon where he took various courses in Investments to enrich his knowledge of investments. He wanted to combine his passion for starting his own business and fascination towards financial markets.
Vaidyula, after moving back to India in 2004, took up a job with Wipro Limited, but the aspiration to start his own business made him restless. During the same period, the Indian economy was experiencing healthy growth rates. In next couple of years, Vaidyula decided to quit his job and capitalize on his experience of investing in the US markets. After long deliberations, Vaidyula started his own investment advisory firm named ‘ProSharpe Wealth Management’ in 2008.....................