Fintech Veteran Prabhakar Tiwari to launch Share India-backed ‘Project Drone'
In its press release dated 30th June, 2025, Share India Securities Limited announced the initiative
In its press release on the National Stock Exchange of India and the BSE of the Bombay Stock Exchange, Share India Securities said that marking a bold leap from corporate leadership to entrepreneurship, the fintech industry veteran Prabhakar Tiwari, having previous experience in leading discount brokers and a renowned name in the digital broking experience, is close to launch of his new WealthTech venture.
The Prabhakar Tiwari's Wealthtech Venture is Project Drone, with Share India as a strategic partner, which is in the process of obtaining relevant approvals.
Tiwari's new endeavor brings his wealth management expertise in advancing digital transformation and customer-centric innovation to the forefront, marking his shift from seasoned fintech executive to startup founder in this field.
By providing clever, technologically advanced solutions designed for rising and mass-affluent Indians, particularly in Tier 2, 3, and 4 cities, Project Drone seeks to close significant gaps in the country's wealth management ecosystem.
Project Drone will use institutional-grade tools modified for retail investors, behavioral finance algorithms, and vernacular-first interfaces to make sophisticated wealth management available to everyone.
'Project Drone embodies my core belief that real fintech disruption comes from solving access and education barriers, not building flashy features.' said Prabhakar Tiwari, Founder & CEO of Project Drone.
'We're building a digital-first, trust-driven platform that empowers underserved investors by offering inclusive wealth solutions beyond metro-centric models. I'm excited to partner with Share India, which has experience in institutional-grade trading technology and in-house capabilities to accelerate this mission with speed, scale, and purpose.' said Tiwari.
Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
13 minutes ago
- Hindustan Times
How India's demographic profile has changed over last 8 decades
Independent India turns 78 today with an estimated 1.46 billion population compared to just 346 million in 1950. To be sure, it's not just the number of Indians which has changed in the last almost eight decades. The demographic profile of Indians has also changed significantly. Here is how. How India's demographic profile has changed over last 8 decades The median age of an Indian is nine years higher than in 1950 The median age of India's population is estimated at 20 years in 1950 (the earliest estimate from UN's World Population Prospects report) and is 29 years in 2025. In fact, there's more to the change in India's demographics than just ageing. In 1950, each five-year age group had a lower share in population than the preceding five-year group. In other words, children under the age of five were the most populous five-year age group. In 2025, the 20-24 age group is the most populous. It is because of this shift towards the middle that India is said to possess a demographic dividend, where the share of the working-age population is much higher than the children and elderly, both of whom need care. But there are certain dynamics at play here. India's dependency ratio has fallen despite a rising population share of elderly The dependency ratio, which is defined as the population outside the 15-64 age group as a percentage of the 15-64 population, has decreased from 70% in 1950 to 46% in 2025. However, this decline is completely on account of children. The 65 years and older population is now 11% of the 15-64 age group compared to 5% in 1950. How will these trends change in the future? With declining fertility, the ageing of the population is expected to continue. The largest age-group in 2050, for example, is expected to be the 45-49 age group. As expected from this ageing, the dependent population will shift further towards the 65 and older group. This is expected to increase the dependency ratio from 46% in 2025 to 48% in 2050, with slightly less than half of that dependent population coming from the 65 and older group. This is what makes the period from now till 101st Independence Day in 2047 crucial for India's economic fortunes. This demographic sweet spot will not come back. To be sure, despite peaking in absolute terms in 2049, India's working age population will fall below the 2025 number only in 2082.
India Today
40 minutes ago
- India Today
Trump says tariffs on India ‘probably' pushed Putin to negotiating table
US President Donald Trump on Thursday suggested that tariffs imposed on India may have played a role in Russian President Vladimir Putin agreeing to meet him in Alaska this week to discuss the war in Ukraine.'Everything has an impact,' Trump said in an interview on Fox News Radio's The Brian Kilmeade Show. He noted that the additional tariffs he imposed against India 'essentially took them out of buying oil from Russia,' adding that India was Moscow's second-largest when you lose your second largest customer and you're probably going to lose your first largest customer, I think that probably has a role,' he said. Trump is scheduled to meet Putin in Alaska on will be keeping a close watch on the Alaska meeting as they work on a strategy to counter recent US tariffs. Last week, the White House imposed an additional 25% levy on imports from India — bringing the total to 50% — in retaliation for New Delhi's purchase of Russian oil. The PM Narendra Modi-led government hopes an early resolution to the conflict could help ease tensions on the US Treasury Secretary has warned that the Trump administration could impose additional secondary tariffs on India, with the final decision depending on the outcome of the Alaska talks. 'We've put secondary tariffs on Indians for buying Russian oil. And I could see, if things don't go well, then sanctions or secondary tariffs could go up,' Scott Bessent told Bloomberg Trump administration, while imposing additional tariffs, has accused New Delhi of indirectly funding Moscow's war in has called the measures 'unfair, unjustified, and unreasonable,' and defended its oil imports as a matter of national energy security. Talks between the two countries stalled earlier this month after Trump suspended discussions over the Russian trade issue and other negotiations may resume when US negotiators arrive in New Delhi on August 25, just two days before the higher tariff rate is set to take effect. However, experts say India's firm stance on protecting its agriculture and dairy markets remains a sticking MEET AND UKRAINE PEACE EFFORTTrump has expressed optimism that the talks could pave the way for a peace agreement in Ukraine, saying, 'I believe now, he's (Putin) convinced that he's going to make a deal. He's going to make a deal. I think he's going to, and we're going to find out.'While he remained uncertain whether an immediate ceasefire could be reached, Trump said the meeting was the first step in a process that could lead to a second, more decisive round of talks involving Ukrainian President Volodymyr Zelenskyy.'Depending on what happens with my meeting, I'm going to be calling up President Zelenskyy, and let's get him over to wherever we're going to meet,' he said, adding that a second meeting could address 'boundaries, lands, etc, etc.'advertisementTrump said he would not negotiate the terms himself. 'I'm not going to negotiate their deal. I'm going to let them negotiate their deal,' he claimed that Putin 'respects our country now' but 'did not respect our country under Biden,' adding that the Alaska meeting 'sets up like a chess game' and could determine the path to peace.- EndsTune InMust Watch
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Sanctions-hit refiner Nayara in talks with Indian govt to sustain ops
Russia-backed Indian refiner Nayara Energy said on Thursday it was talking to government authorities and partners to maintain operational stability of its 400,000 barrels per day refinery and fuel supplies despite EU sanctions hurting the supply chain. The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil. The private company sells about 70% of its refined fuels in India through more than 6,600 retail outlets, it said in a Delhi court filing. Nayara is supplying fuels to its retail stations through coastal, rail, and road networks, it said. "Our retail fuel stations continue to operate as usual while we diligently work to ensure uninterrupted fuel supplies across India," it said. The sanctions forced Nayara to cut output at its Vadinar refinery on the West Coast to 70%-80% and hit its exports. Its former chief executives resigned and shippers backed out from local movement of its refined fuels. The company is operating the refinery at a "healthy run rate" and is supplying fuels, it said. Nayara has not specified at what rate its refinery is operating. Nayara has sought help from India's shipping ministry to get vessels for the movement of its refined fuels, a government source said on Thursday.
