Understanding the needs of the society, young entrepreneur Anant Aggarwal has invested hugely in GalaxyCard, a fin-tech platform offering instantly approved credit cards to the low income population. After taking the family business to new heights, Anant founded Viney Equity Market LLP (VEM) in 2019, which is an investment arm of Viney Aggarwal Family.
VEM invests in Direct Equity, Debt, Unlisted Shares and Angel Investments. It invested money in Galaxycard in July 2021, which is a fin-tech platform offering instantly approved credit cards. Galaxy card has recently raised a $450K angel funding round led by JITO.
According to CMIE (Center of Monitoring the Indian Economy), India has nearly 200 million people employed in blue-collar jobs; these people are in need of a daily credit limit but due to the lower-income and extensive paperwork requirements, such people are not catered to by the financial institutions. GalaxyCard focuses on making credit cards easily accessible to customers with a monthly income of less than Rs 30,000, who are typically rejected by banks. So far Aggarwal family has invested more than Rs 45 crore in securities.
After attaining basic education from GD Goenka World School, Anant opted for graduation from IILM and post graduation from Regents University London, United Kingdom. He is admired for his simplicity and solemnity by virtue of which he has ascended the superior summit and has continued the legacy of his father to set up such a gigantic empire.
Joining his family business at a very young age, under the name of Viney Corporation Limited (VCL) Anant was looking at Purchase, Marketing and Finance. Viney Corporation was founded by Viney Aggarwal (Anant’s Dad) and his uncle in 1989.
Viney Corporation is a leading manufacturer of Auto-parts for OEM and Tier 1 Automotive customers. VCL has nine factories in India and three in Europe with 5000 workforce. VCL is an approved vendor for BMW, Rolls Royce, Fiat, Ferrari, Hero MotoCorp and many more OEMs. Viney Aggarwal took a complete exit in 2020 from Viney Corporation Limited.
Anant, during this time, initiated different performance-driven programs to keep employee’s motivation intact. He is further planning to diversify into Hospitality Business, Footwear Industry, Automotive Industry, Film Industry and Financial Sector.
As a part of his expanded empire, Anant has recently achieved the feat of becoming a young producer in Bollywood. He, alongwith his brother Akshay Aggarwal has introduced Yellow Ant Production house and the duo’s upcoming film as producers is ‘Suswagatam Khushamadeed’ starring Pulkit Samrat and Isabelle Kaif. The movie intends to spread a message of love, friendship and compassion elements that glue a society together. The film will fulfill the much required love, support and humour in this dark times.
