Share India Securities Ltd, a leading knowledge and
technology driven financial services group, which recently migrated from the
SME platform to the main board of Bombay Stock Exchange, has completed the merger
of Mumbai based Total Securities with the Company. Acquisition
of Total Securities makes SISL among the top players nationally, enhances company’s geographical presence in all segments of Capital Market and brings experienced talent to the core team.
“Mr. Kamlesh Shah and Mr. Vijay
Vora from Total Securities, who are now on the board of Share India as Joint MD
and Whole Time Director respectively, bring close to three decades of
experience each in financial markets. Mr. Vijay Vora specializes in derivative
trading and will look to expand product portfolio of the company. We are really
elated to have them on board and believe their rich experience would help the
company scale-up and grow faster” said Mr Praveen Gupta, MD, Share India
Securities Limited.
Mr. Kamlesh Shah, who is CA by
qualification stated, “It is a matter of great happiness for me to join board
of Share India. Share India over the last few years and especially post the
listing in 2017 have shown stupendous growth and delivered great results for
minority investors. We will now look to continue strengthening our operations
and improve our profitability in segments started recently.”
#ShareIndia Securities Ltd, a leading knowledge and technology driven financial
services group, is engaged in the business of equity broking and trading
activities for the last 25 years. It has now expanded its operation into mutual
funds, NBFC, merchant banking and commodity markets. The Company became 200th
SME Company to get listed on BSE SME Platform in October 2017. The Company in December 2019
migrated from BSE SME Platform to the main board of BSE Limited.
The Company delivered strong growth in financial
performance for the fiscal year ended March 31, 2019. The company’s consolidated revenue grew 30% on a
year on year basis to Rs 182.53 crores compared to Rs 140.48 crores posted in
FY18. Similarly, consolidated net profit
for FY19 rose 27% to Rs 19.45 crores compared to Rs 15.35 crores posted in
FY18.
Comments
Post a Comment