The first broking firm to offer e-trading in the country, Geojit would also go in for insurance brokerage and trading in debt instruments, the company's managing director CJ George said.

"We have signed a memorandum of understanding (MoU) with HDFC Bank for enabling e-trading and the facility would be available from July," George said.

Geojit Securities also signed an MoU with Centurion Bank for payment gateway in e-trading. The company has also tied up with UTI Bank for similar facilities to its investors.Centurion Bank would also extend the facility by this fiscal and there are plans of tying up with more banks for availing the facilities of payment gateways, George said."After offering e-trading facilities, the company's turnover is expected to touch Rs 25 crore a day (Rs 9,000 crore annually) by the year end," he said. Geojit's turnover before e-trade was Rs 750 crore last year.

Reasoning out the quantum jump, George said e-trading has brought down the transaction cost and has reduced brokerage charges from 0.7 per cent to 0.5 per cent for investors in India and from 1.5 per cent to 0.75 per cent for non-resident Indians.Geojit Securities, a joint venture company with Kerala State Industrial Development Corporation (KSIDC), is a depository participant (DP) and member of NSE and BSE.

George said the company was poised for a greater trade in derivatives trade introduced recently by BSE and NSE."The back-office software is ready and we are targeting a higher volume in index futures from the current turnover of Rs 1.5 crore - Rs 2 crore a day," he said.