Munoth Financial Services Ltd

Registered as private limited Company, Munoth Financial Services Limited, was incorporated in 1995. The Company went through Public Issue in 1996, and issued 37,80,000 Equity Shares of Rs.10/- each. Presently, it is engaged in Stock Broking, DP Operations, Portfolio Advisory Services, Merchant Banking. The Company belongs to the reputed Munoth Group, Chennai. Despite unfavorable market conditions, it performed well, by expanding client horizon during year 2000-01. It setup 2 branch offices, which have started functioning at Bangalore and Jaipur. During the year 2000-01, the company made an issue of 1,13,000 fully paid up Equity Shares of Rs.10/-each at a premium of Rs.90/- per share payable in cash and 1,12,000 Equity Shares of Rs.10/-each at a premium of Rs.90/- per share in consideration otherwise than in cash to M/s Priory Investments(Mauritius) Limited. Consequent to this, the paid up Equity Share Capital of the company was increased to Rs.5,22,60,000. Fiscal 2001 witnessed the announcement of several measures by the market regulators aimed at bringing structural changes in the financial services sector, to strengthen the system and to improve the functioning of the various segments of the financial markets. The reforms announced in the Union Budget, including increased investment limit for foreign portfolio investors, exempting investments in initial public offerings of corporates from capital gains tax, and the proposal to set up a clearing corporation for the debt markets, are expected to directly benefit the capital markets. In 2025, the Company has made application to SEBI for surrender of PMS registration. The Company's MBD division is providing valuation services in accordance with the requirement of the various acts/statutory requirements. It also provides institutional broking business and is empanelled with public sector banks and insurance companies.