Our Philosophy

The Indian Capital Markets have undergone a substantial change over the last decade. The market has also witnessed substantial progress in terms of regulatory affairs, application of technology to trading and settlement, and sophistication of listed securities including single stock futures and options. These have been accompanied by accelerated growth in trading volumes, with BSE and NSE combined average daily turnover expanding approximately from Rs. 4800 million in 1995-96 to approximately Rs. 232094 million in April 2004. India is now placed among the mature markets of the world. With over 20 million shareholders, India has the largest investor base in the world after USA and Japan.

Regulatory changes, increased capital requirements, greater customer sophistication, and application of technology have forced the brokerage industry to consolidate. This consolidation is expected to continue and provide an opportunity for the brokers’ community to own market share.

Under these circumstances, the Company believes that it has made the right entry, at the right time and in the right place (i.e. NSE’s membership), which would pave the way for success and growth, helping the Company reach higher milestones in the future.