SKP Securities Ltd

Started as a finance company, SKP Securities Limited widened the services in other financial activities other than lending of money. Company is primarily engaged in providing Stock Broking and Depository Participant Services, Distribution of Mutual Funds, Private Wealth/ Merchant Banking and Corporate Advisory Services, serving a cross section of society viz. financial institutions, corporates, business families, professionals and retail investors. The Company is registered with Securities and Exchange Board of India (SEBI) as a member of National Stock Exchange of India Limited (NSE), BSE Ltd., National Securities Depository Limited (NSDL), Central Depository Services (India) Ltd. (CDSL), Research Analysts, Merchant Banker and Portfolio Manager. It is also registered with Association of Mutual Fund of India (AMFI). The company raised its Paid-up Equity Share Capital from Rs.2.25 crores to Rs.3.00 crores through an IPO (which was oversubscribed by 12 times) of 750000 Equity Shares of Rs.10 each at par during the year 1996. During the year 1997,SKP Brokerage Limited(SBL) was amalgamated with SKP Securities and consequent of this,700000 Equity Shares of the company which was held by SBL as investment,cancelled and subsequently the Equity Capital of SKP Securities Limited has been reduced to Rs.2.30 crores. In 1998, pursuant to amalgamation of SBL with the company,Shareholders of SBL has been allotted 2750000 Equity Shares of Rs.10 each at par.Consequent of this allotment,company's Equity Paid up stood at Rs.5.05 crores. SKP,in the year 2002, has started its operations as DP(Depository participant) of both NSDL and CDSL. During the year 2003, SKP expanded its operations in Mumbai after moving into a larger premises and commencing mutual funds distribution and retail broking activities. It commenced Currency Futures business as a member of MCXSX. It made SKP Commodities Ltd as its 100% subsidiary in April 2009. Further, it acquired SKP Insurance Brokers & Advisors Private Limited as its subsidiary in 2014-15. Later on, it divested the wholly owned subsidiary viz SKP Commodities Ltd. on 30th September, 2017 which discontinued its broking operations in commodities market.