ICFAI NATIONAL COLLEGE
3CEET REPORT
ON
EMKAY SHARE AND STOCK BROKERS LIMITED
PRESENTED BY:
ARINDAM CHAKRAABORTY
7NBKP009
ACKNOWLEDGEMENT
I would like to thank Ms. Suman Uppal, the respected faculty guide of ICFAI
NATIONAL COLLEGE, without the cordial help and cooperation of whom this
report would not be successfully completed. I would also like to thank the ICFAI
authority for assigning me the task to prepare this report and our company guide
Mr. Vikram Mehrotra Assistant Vice President of the company Emkay Share and
Stock Brokers Limited for providing us necessary and relevant information for
preparing our report in a proper manner maintaining a proper format.
CONTENT
CHAPTERS
Pg
INTRODUCTION……………………………………………3
COMPANY PROFILE……………………………………….4
CUSTOMER……………………………………………….....9
COMPETITORS…………………………………………….10
SWOT ANALYSIS………………………………………….15
WHO’S WHO………………………………………………..22
INTRODUCTION
Emkay Share & Stock Brokers Limited is one of the leading and professionally
managed equity broking companies, offering an entire gamut of financial products and
services under one roof; be it trading in Equities, Derivatives, Commodities,
Depository, Mutual Funds, E-Broking or IPO’s.
YOUR SUCCESS IS OUR SUCCESS is their belief and their endeavour is to
maximize customer satisfaction and profits. Financial stability, operational
smoothness, personalized services; competitive brokerage and premium research are
enjoyed by their highly esteemed clients ranging from Retail Traders, Investors, HNIs,
and NRIs to the Institutions and the FII.
Value added services are their distinct edge, from Portfolio Management Services
(PMS), Private clients Group (PCG) to Debt Advisory. Emkay is known for the
quality of its research and has always been rated as one of the top broking houses in
Asia.
I am glad to be a part of Emkay Share and Stock Brokers Limited as an intern
during the 4 months SIP program. I am looking forward to learn lot of things during
this program. As a fresher the corporate world is new to me and I have to adopt the
corporate cultures in a positive way to gain success in this 4 months program and in
my future life.
Company Profile
Emkay Share and Stock Brokers Limited was founded in 24th January 1995 as
Emkay Share and Stock Brokers Private Limited, by two young Chartered
Accountants, Mr.Krishnakumar Karwa and Mr. Prakash Kacholia. It was converted
into a Public Limited Company in 20th October 2005 and the name was changed to
Emkay Share and Stock Brokers Limited.
CORPORATE OFFICE:
C-6, Ground Floor, Paragon Center,
Pandurang Budhkar Marg,
Worli, Mumbai – 400 013.
Tel No. 66121212, Fax: 66121299;
E-mail: marketing@emkayshare.com;
MARKETING:
 PRODUCT PORTFOLIO












Trading (Equities/Debt/Derivatives)
PMS(Portfolio Management Simplified)
Depository
Commodity Trading
E-Broking
IPO
Technical Analysis
Mutual Funds
Insurance
Investment Advisory
Company Research
Internet Trading
This Company acquired the membership of:

Bombay Stock Exchange 1996

National Stock Exchange 1999

Derivatives Segment – BSE, Trading & Clearing Member 2000

Depository Participant – CDSL 2000

Debt Market – BSE 2001

Derivatives Segment – NSE, Trading & Clearing Member 2001.
EMKAY is a full service brokerage house providing comprehensive advisory
services to its clients under one umbrella, which would enable managing complete
financial planning needs. It has expertise in advisory services in both cash and
derivatives sides of the capital markets and are also distributors of savings /
investment instruments like Mutual Fund Schemes, Saving Bonds, IPO etc. Emkay
also provides commodity trading through its group subsidiaries, and is a member
of the MCX and NCDEX.
Emkay`s customer base is a mix of institutional, high net worth, and retail
investors. This diversified base of customers together with its wide gamut of
services provides Emkay with the necessary stability and strength to weather the
volatility much better than that of the competitors and also maintain high standards
of customer service levels throughout. Emkay meets the support needs of this
investor base through execution skills driven by an experienced sales team and
research backed advice generated by a team of experienced analysts.
Emkay`s advisory services range from investing, trading, research, financial
planning and portfolio management, which are offered, to a large number of high
net worth individuals and corporate. Most of these services are tailor-made to meet
the needs of HNI’s and Corporate in line with their investment objective.
Subsidiaries of EmkayEmkay Fincap Limited (EFL): It is a subsidiary Emkay with 85% shares held by
Emkay. EFL was formed as a Private Limited Company on 16th May, 2005 for
carrying on Share Financing activities and has been converted to Public Limited
Company on February 14, 2006.
Emkay Commotrade Limited (ECL): It is another subsidiary of Emkay and
Emkay holds 100% shares held of ECL. The Company was formed on 5th January
2006 and proposes to carry on commodity broking business.
Emkay proposes to invest in the membership of two commodity exchanges MCX Commodity Exchange
 NCDEX Commodity Exchange
E broking:
The term E-Broking stands for Electronic-Broking. It is purchase and sale of shares
through the Internet. Traditionally, clients placed orders with your stockbroker
either verbally (personally or telephonically) or in a written form (fax). In Online
Trading, clients can access their stockbroker's website through their internetenabled PC and place orders through the broker's internet-based trading engine.
These orders are routed to the Stock Exchange without manual intervention and
executed thereon in a matter of a few seconds.
E-Broking Features Instant Loading
 Live Streaming Quotes
 Historical & Intraday Charts with Technical tools
 Multiple Exchanges on a single screen
 Online Transfer of funds
 Back Office Access
 Easy Trade
 User Friendly with convenient Hot Keys
 Facility to put orders pre & Post Market
DIFFERENT MARKET TRADING:
COMPANY ADDRESS
CORPORATE OFFICE:
Paragon Center, C-06, Ground Floor, Pandurang Budhkar Marg,
Worli, Mumbai-400013.
Tel:- 91 22 6612 1212
Fax:- 91 22 6612 1299
REGISTERED OFFICE:
4 D, Hamam House, Ambalal Doshi Marg, Fort,
Mumbai- 400023.
Tel:- 91 22 2265 1576
REGIONAL OFFICE:
4, B.B.D Bag, Stephens House. 4rth Floor,
Kolkata-700001.
Tel:- 91 33 3058 4460
OPERATION NETWORK
Currently Emkay have 17 branches
STATE
NO. OF OFFICES
PUNJAB
2
DELHI
1
KARNATAKA
1
TAMIL NADU
3
KERALA
1
WEST BENGAL
1
MAHARASHTRA
7
GUJARAT
1
TOTAL
17
EXISTING FRANCHISEE
STATE
NO. OF OFFICES
GUJRAT
3
TAMIL NADU
8
RAJASTHAN
3
MAHARASHTRA
7
PUNJAB
2
MADHYA PRADESH
1
HARYANA
1
TOTAL
25
CUSTOMERS
HIGH NETWORTH INDIVIDUALS:
Our Company’s advisory services ranged from investing, trading, research,
financial planning and portfolio management, which are offered, to a large number
of high networth individuals and corporate. Most of these services are tailor-made
to meet the needs of HNI’s and Corporate in line with their investment objective.
High networth individuals are those people whose transactions of shares are carried
out in bulk in a day.
RETAIL CUSTOMERS:
Our Company meets the support needs of this investor base through strong
execution skills driven by an experienced sales team and research backed advice
generated by a team of experienced analysts. As the retail customers need more
research regarding the share transaction because they invest less, could not take
losses and want more returns thus customized services are offered to them.
INSTITUTIONS:
Our Company’s customer base is a rich mix of institutional, high networth, and
retail investors. This diversified base of customers together with its wide gamut of
services provides us with the necessary stability and strength to weather the
volatility much better than its competitors and maintain high customer service
levels throughout.
COMPETITORS
(1)ANGEL BROKING:
The angel group has emerged as one of the top three retail broking houses in India.
Incorporated in 1857 it has memberships in NSE, BSE and two leading commodity
exchanges in India i.e. NCDEX & MCX. Angel is also registered as a depository
participant with CDSL.
Angel has always believed in offering best services to its customers. Be
customized product offering or personalized touch to their services. Angel is the
only 100% retail stock broking house offering a gamut of retail centric services
they are:





E broking
Investment Advisory
Portfolio Management Services
Wealth Management Services
Commodities trade
INVESTMENT ADVISORY:
To derive optimum returns from equity as an asset class requires professional
guidance and advice. Professional assistance will always be beneficial in wealth
creation. Investment decisions without expert advice would be like treating ailment
without the help of a doctor.
RESEARCH DEPARTMENT:
Strong research has always been their forte. Their investment advisory department
is backed by an experience research team. This team comprises of 12 sartorial
special analysts and a Research Head. Their vast experience and expertise in
spotting great investments opportunities has always been beneficial for their
clients.
BENEFITS @ ANGEL:


Expert Advice: Their expert investment advisors are based at various
branches across India to provide assistance in designing and monitoring
portfolios.
Timely Entry & Exit: Their advisors will regularly monitor clients’
investments and will guide clients to book timely profits. They will also
guide clients in adopting switching techniques from one stock to another
during various market conditions.
De-Risking Portfolio: A diversified portfolio of stocks is always better than
concentration in a single stock. Based on their research, they diversify the portfolio
in growth oriented sectors and stocks to minimize the risk and optimize the returns.
(2) INDIA INFOLINE:
It is a one-stop financial services shop, most respected for quality of its advice, personalized
service and cutting-edge technology.
VISION:
Their vision is to be the most respected company in the financial services space.
INDIA INFOLINE GROUP:
The India Infoline group, comprising the holding company, India Infoline Limited and its
wholly-owned subsidiaries, straddle the entire financial services space with offerings
ranging from Equity research, Equities and derivatives trading, Commodities trading,
Portfolio Management Services, Mutual Funds, Life Insurance, Fixed deposits and other
small savings instruments to loan products and Investment banking. India Infoline also owns
and manages the websites www.indiainfoline.com and www.5paisa.com
The company has a network of 596 branches spread across 345 cities and towns. It has more
than 500,000 customers.
INDIA INFOLINE LTD.:
India Infoline Limited is listed on both the leading stock exchanges in India, viz. the Stock
Exchange, Mumbai (BSE) and the National Stock Exchange (NSE) and is also a member of
both the exchanges. It is engaged in the businesses of Equities broking, Wealth Advisory
Services and Portfolio Management Services. It offers broking services in the Cash and
Derivatives segments of the NSE as well as the Cash segment of the BSE. It is registered
with NSDL as well as CDSL as a depository participant, providing a one-stop solution for
clients trading in the equities market. It has recently launched its Investment banking and
Institutional Broking business.
A SEBI authorized Portfolio Manager; it offers Portfolio Management Services to clients.
These services are offered to clients as different schemes, which are based on differing
investment strategies made to reflect the varied risk-return preferences of clients.
Research services
The content services represent a strong support that drives the broking, commodities, mutual
fund and portfolio management services businesses. Revenue generation is through the sale
of content to financial and media houses, Indian as well as global. It undertakes equities
research which is acknowledged by none other than Forbes as 'Best of the Web' and '…a
must read for investors in Asia'. India Infoline's research is available not just over the
internet but also on international wire services like Bloomberg (Code: IILL), Thomson First
Call and Internet Securities where India Infoline is amongst the most read Indian brokers.
INDIA INFOLINE COMMODITIES LTD.:
India Infoline Commodities Pvt Limited is engaged in the business of commodities broking.
Their experience in securities broking empowered us with the requisite skills and
technologies to allow us offer commodities broking as a contra-cyclical alternative to
equities broking. They enjoy memberships with the MCX and NCDEX, two leading Indian
commodities exchanges, and recently acquired membership of DGCX. They have a multichannel delivery model, making it among the select few to offer online as well as offline
trading facilities.
INDIA INFOLINE MARKETING AND SERVICES:
India Infoline Marketing and Services Limited is the holding company of India Infoline
Insurance Services Limited and India Infoline Insurance Brokers Limited.
India Infoline Insurance Services Limited is a registered Corporate Agent with the Insurance
Regulatory and Development Authority (IRDA). It is the largest Corporate Agent for ICICI
Prudential Life Insurance Co Limited, which is India's largest private Life Insurance
Company. India Infoline was the first corporate agent to get licensed by IRDA in early 2001.
India Infoline Insurance Brokers Limited India Infoline Insurance Brokers Limited is a
newly formed subsidiary which will carry out the business of Insurance broking. They have
applied to IRDA for the insurance broking license and the clearance for the same is awaited.
Post the grant of license, they propose to also commence the general insurance distribution
business.
INDIA INFOLINE INVESTMENT SERVICES:
Consolidated shareholdings of all the subsidiary companies engaged in loans and financing
activities under one subsidiary. Recently, Orient Global, a Singapore-based investment
institution invested USD 76.7 million for a 22.5% stake in India Infoline Investment
Services. This will help focused expansion and capital rising in the said subsidiaries for
various lending businesses like
loans against securities, SME financing, distribution of
retail loan products, consumer finance business and housing finance business. India Infoline
Investment Services Private Limited consists of the following step-down subsidiaries.
A.
India infoline distribution company
B.
Money line credit ltd.
C.
India infoline housing finance ltd.
IIFL (Asia) private ltd.
IIFL (Asia) Private Limited is wholly owned subsidiary which has been incorporated in
Singapore to pursue financial sector activities in other Asian markets. Further to obtaining
the necessary regulatory approvals, the company has been initially capitalized at 1 million
Singapore dollars.
(3) ANAND RATHI:
Anand Rathi is a leading full service securities firm providing the entire gamut of
financial services. The firm, founded in 1994 by Mr. Anand Rathi, today has a pan
India presence as well as an international presence through offices in Dubai and
Bangkok. AR provides a breadth of financial and advisory services including
wealth management, investment banking, corporate advisory, brokerage &
distribution of equities, commodities, mutual funds and insurance, structured
products - all of which are supported by powerful research teams.
The firm's philosophy is entirely client centric, with a clear focus on providing
long term value addition to clients, while maintaining the highest standards of
excellence, ethics and professionalism. The entire firm activities are divided across
distinct client groups: Individuals, Private Clients, Corporate and Institutions and
was recently ranked by Asia Money 2006 poll amongst South Asia's top 5 wealth
managers for the ultra-rich.
AR Core Strengths
Breadth of Services
In line with its client-centric philosophy, the firm offers to its clients the entire spectrum
of financial services ranging from brokerage services in equities and commodities,
distribution of mutual funds, IPOs and insurance products, real estate, investment
banking, merger and acquisitions, corporate finance and corporate advisory.
Clients deal with a relationship manager who leverages and brings together the product
specialists from across the firm to create an optimum solution to the client needs.
Management Team
AR brings together a highly professional core management team that comprises of
individuals with extensive business as well as industry experience.
In-Depth Research
Their research expertise is at the core of the value proposition that we offer to their
clients. Research teams across the firm continuously track various markets and
products. The aim is however common - to go far deeper than others, to deliver incisive
insights and ideas and be accountable for results.
SWOT Analysis for EMKAY Share and Stock Brokers Ltd.
SWOT Analysis Is a planning tool used to understand the Strengths, Weaknesses,
Opportunities, and Threats involved in a project or in a business. It involves
specifying the objective of the business or project and identifying the internal and
external factors that are supportive or unfavorable to achieving that objective.
SWOT is often used as part of a strategic planning process.
SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats.
Strengths:
Emkay’s motto “Your success is our success” is always kept in mind their
endeavor to provide their clients with best industry practices. It is their ongoing
effort to take care of their client’s portfolio and mitigate their clients overall risk to
the market.





At Emkay they believe in offering solution-oriented structures to all their clients rather
than selling generic products.
Personalized attention to all the portfolio clients with customization of each portfolio in
sync with the investor risk and return profile.
Managing over Rs.450 Crores under its Portfolio Management and PCG.
High level of transparency with strong service deliverables.
One of the few large publicly listed brokerage houses in the country.
At Emkay they follow a time-tested and structured Research Process, which has
stood the test of time.

Using their database they do a thorough analysis of a company

This includes analysis of its growth rate, margins, capital efficiency, capacity additions
etc.

They probe all the published information about the company. This helps them appraise
the business dynamics and the company's strategy, its strengths, weaknesses and the
challenges faced by it. This also helps them understand its management's capabilities

They also hold a dialog with the senior management of the company with set of
questionnaires

Eventually they are able to comprehend the company's strategy and attempt to perfect
future financials

They also cross check with competitors, trade associations; company contacts and if
necessary changes their model accordingly.
Based on their revenue model, they attempt to project the possible price using various
ratios such as P/E, P/BV, EV/EBIDTA, EV/Sales, and Discounted Cash Flows etc.


They also check technical factors such as liquidity, institutional ownership, management
holdings, past share price behavior etc.


Finally they award a rating of the stock.
Emkay has maintained a steady mix of institutional and retail brokerage revenue. While
the institutional segment contributes around 52% of the revenue retail contributes around
34% and with the remaining contributed by the Private Client Group (PCG). As a result
the stock is a play on growth in both the segments of the market.
Rating Model: They also have their stock-rating model for PMS. Through this
model they rate every stock they buy on a few broad parameters. This gives them
an objective view of all decisions they make.
Capital structure
From Year
To Year
(Rs crore)
Class Of Share
Authorized
Capital
Issued Capital
Paid Up Shares
(Nos)
Paid Up Face
Value
Paid Up Capital
2006
2007
Equity Share
25.00
24.27
24265750
10
24.27
2005
2006
Equity Share
25.00
17.90
17900000
10
17.90
2004
2005
Equity Share
4.00
3.50
3500000
10
3.50
In the given capital structure it is indeed noteworthy that the no. of paid up shares
and amount of paid up capital is increasing rapidly year after year. This thing is
also indicator of good performance and smooth functioning of the company deals
with the financial instruments.
Share holding
Share holding pattern as on :
Face value
31/12/2007
10.00
30/09/2007
10.00
No. Of
Shares
%
Holding
No. Of
Shares
30/06/2007
10.00
%
Holding
No. Of Shares
%
Holding
Promoter's holding
Indian Promoters
Sub total
17497500
72.11
17497500
17497500
72.11
72.11
17497500
17498000
72.11
72.11
17498000
72.11
Non promoter's holding
Institutional investors
FII's
2309811
Sub total
9.52
2889728
1665604
11.91
6.86
2025604
1564379
8.35
6.45
1564379
6.45
Other investors
Private Corporate Bodies
494575
2.04
768884
3.17
797350
3.29
NRI's/OCB's/Foreign Others
69330
0.29
52800
0.22
51147
0.21
Others
22029
0.09
163508
0.67
32668
0.13
Sub total
General public
Grand total
585934
3292588
24265750
2.41
13.57
100.00
985192
3757454
24265750
4.06
15.48
100.00
881165
4322206
3.63
17.81
24265750
100.00
Ratios
Mar ' 07
Mar ' 06
Mar ' 05
Mar ' 04
Per share ratios
Adjusted EPS (Rs)
3.86
8.63
18.87
11.61
Adjusted cash EPS (Rs)
5.03
9.05
20.04
12.09
Reported EPS (Rs)
3.83
8.63
18.82
11.58
Reported cash EPS (Rs)
5.00
9.05
19.99
12.06
Dividend per share
1.25
1.00
2.00
1.50
Operating profit per share (Rs)
5.08
13.03
28.67
15.82
Book value (excl rev res) per share (Rs)
Book value (incl rev res) per share (Rs.)
Net operating income per share (Rs)
Free reserves per share (Rs)
46.86
46.86
22.84
20.39
20.39
25.97
64.65
64.65
64.68
48.49
48.49
37.43
36.86
10.39
54.65
-0.01
Operating margin (%)
22.21
50.15
44.32
42.25
Gross profit margin (%)
17.10
48.55
42.52
40.97
Net profit margin (%)
15.28
32.51
27.85
28.59
Adjusted cash margin (%)
20.08
34.07
29.66
29.83
Adjusted return on net worth (%)
8.23
42.33
29.18
23.93
Reported return on net worth (%)
8.16
42.33
29.10
23.88
Return on long term funds (%)
13.01
64.61
46.97
37.96
Long term debt / Equity
-
-
-
-
Total debt/equity
-
-
0.16
-
Owners fund as % of total source
99.96
99.85
85.65
100.00
Fixed assets turnover ratio
4.34
11.40
8.06
3.11
Current ratio
2.32
1.62
1.86
2.24
Current ratio (inc. st loans)
2.32
1.62
1.62
2.24
Profitability ratios
Leverage ratios
Liquidity ratios
Quick ratio
2.31
1.61
1.79
2.22
Inventory turnover ratio
-
-
11.68
86.77
Dividend payout ratio (net profit)
38.21
17.81
12.01
14.60
Dividend payout ratio (cash profit)
29.27
16.99
11.31
14.02
Earning retention ratio
62.12
82.19
88.02
85.43
Cash earnings retention ratio
70.92
83.01
88.72
86.01
Adjusted cash flow time total debt
-
-
0.54
-
Financial charges coverage ratio
34.01
127.78
78.80
93.78
Fin. charges cov.ratio (post tax)
24.37
85.95
50.94
60.88
Material cost component (% earnings)
-
-
-
-
Selling cost Component
20.57
14.34
13.76
-
Exports as percent of total sales
0.15
-
-
-
Import comp. in raw mat. consumed
-
-
-
-
Long term assets / total Assets
0.22
0.04
0.03
0.12
Bonus component in equity capital (%)
57.69
78.21
-
-
Payout ratios
Coverage ratios
Component ratios
Comments:
 The current ratio of the firm is 2.32 in the year 2007 and it has increased in
compare to the last two years. As compared to the standard current ratio 2:1,
this is perfect. Each rupee of current liability can be backed by current assets
of Rs.2.32.So the firm appears to be facing no financial crisis.
 The quick ratio/acid test ratio indicates that the firm’s instant debt paying
capacity is quite satisfactory as the ratio is above the standard ratio 1:1.
 The debt equity ratio of 2007 indicates there is no dependence on outsiders’
capital.
 Dividend payout ratio is also getting increased. In 2007 it has come to
38.21.The market value of the share is increasing.
Weaknesses:
 Emkay has come into the market in 1995 but the online services facility is
not up to the mark.
 It should look after its brokerage per share; it is 30 paise per share but in
case of other stock broking firm in most of the cases it is 20 paise.
 It has a very weak sales force.
 Less customer database.
 Fewer branches in eastern region.
 Emkay continues to carry a huge business risk of a single line business
entity. The company is heavily dependent on the growth of capital market
volumes, which are cyclical in nature. Most of its peers have over the past 23 years diversified their revenue streams to reduce this business risk.
Opportunities:
 Emkay can expand their business all across the country with the help of the
opinion of educated professionals.
 Emkay is having its knowledgeable customer’s base on the basis of which
they take decision to provide customer driven services.
 The company is going to import the software called “FANKIN” by which
anyone can open a D-Mat account within 120 minutes.
Threats:




Intensive competition
Price war in brokerage charges
Infrastructure bottlenecks
Fluctuating markets
WHO’S WHO
BOARD OF DIRECTORS:
Mr. G.P. Gupta, Chairman, has 35 years experience in development Banking. He was
formerly the Chairman and Managing Director of Industrial Development Bank of India
and Chairman of Unit Trust of India. Besides, being a past Director of Bharat Heavy
Electrical Limited, National Aluminum Co. Limited, Hindustan Aeronautics Ltd.
Mr. Krishna Kumar Karwa, Managing Director, is a Chartered Accountant and has 17
years experience in the stock market across research, dealing and execution with special
focus on the ‘cash’ segment of the capital markets. He also directs the wealth management
services business, which is aimed at providing portfolio advisory and risk management.
Mr. Prakash Kacholia, Managing Director is a Chartered Accountant and has 15 years
experience in Share Broking Activities. He leads our Company’s derivatives business,
generating trading strategies and identifying market opportunities. He has served the BSE
in the capacity of a governing board member and on the derivatives committee of SEBI at
the time of the launch of derivatives in the Indian market. He is currently on the Board of
Bank Of India Share Holdings Ltd.
Mr. S.K. Saboo, Director, has over 40 years of experience in the Management field. He is
the Group Executive President and Business Head of Aditya Birla Group, the premier
business group in India and responsible for independently managing the units.
Mr. R.K. Krishnamurthy Director is a Solicitor and Senior Partner with Mulla & Mulla
Craigie Blunt & Caroe, a reputed firm of Advocates, Solicitors and Notaries. He is a
solicitor in the Mumbai High Court and Supreme Court of England.
Mr. G.C. Vasudeo, Director, is a member of Institute of Chartered Accountant, Institute
of Company Secretaries, Institute of Cost and Works Accountant and Law Graduate. He
has wide industrial experience of 25 years. He is presently Director- Finance of
Schenectady Herdilla Limited in charge of Corporate Finance, Accounts, Material Sourcing
and Information Technology. He has been instrumental in the restructuring of the Herdilla
Group and also in Mergers and Acquisition within the Group.
Key Managerial Personnel:
Anish Damania, having 13 years of experience in the finance/ capital market. He is
responsible for the business with institutions/ Mutual funds. He also looks after the research
department of our Company which is backbone of share broking activities.
Akhilesh K Singh, having over 13 years of industry experience has been the Head of Sales
& Distribution with Prebon Yamane (I) Ltd, Business Head - PMS & Private Banking with
Darashaw and CEO with Birla Capital among others. At Emkay he heads the Portfolio
Management Services (PMS), Mutual Fund Advisory and distribution of third party
products.
Chirayush Bakshi, having 18 years of experience in the field of Marketing and business
development. He is responsible for brand Building, franchisee and branch network
expansion all across India and also organizing and managing Events for our Company.
V.H. Bhaskaran, having 25 years experience in capital market. He is responsible for the
development of business and establishing new branches/franchisee network in South India.
He is looking after the development of activities in the southern part of India.
Samir Rachh, having 16 years of experience in the capital market. He is responsible for
optimizing the returns to the PMS investors of the Company. He was earlier in charge of
research
function
of
the
Company.
Vijay Saraf, having 20 years of experience of managing the operations and business
development in Capital Markets. Prior to joining with us, he has worked with Centrum
Capital
Limited.
Manish Jain, having 6 years experience in secretarial and Compliances in Capital Markets.
He is the company Secretary of our Company. Prior to joining us he was employed with
Asit C. Mehta Investment Intermediates Limited as Assistant Manager Compliance. He was
instrumental in setting-up the Depository Participant during his tenure with M. P. Stock
Exchange.
Saket Agarwal, having 15 years experience as a sub –broker and partner in Chartered
Accountant Firm. Prior to joining us, he was working with M/s. S.S. Jhunjhunwala & Co.
as a Partner.