TWO of India’s fastest growing financial services companies, Axis Bank and Indiabulls Financial Services, are setting up in London.
The news came as mayor of London, Boris Johnson visited the Bombay stock Exchange, last week.
Johnson said: “Our city offers enormous opportunity for Indian companies to prosper and it’s great to see two more top Indian names setting up shop in London.”
Indiabulls Financial Services, part of Indiabulls Group, an energy, real estate and financial services conglomerate, plans to provide non-resident Indians mortgages for properties in India.
Ashwini Kumar Hooda, managing director of Indiabulls, said: “We look forward to expanding our UK operations into the financial services arena.
We see significant commercial opportunities in opening up the India property market to a UK-based audience.”
