The Company was incorporated on 27th October, 1989 with the Registrar of Companies, Mumbai. The Company was formed with a view to help investors having invested in the Stock Exchange listed Companies. A very substantial amount of money was blocked in illiquid stocks and in odd lots. The Company was a leading odd lot shares dealer on all India basis till NSDL/CDSL came into existence and the lot size got reduced to 1 with effect from existence of concept of dematerialization of shares. In view of dramatic changes in the trading pattern on Stock Exchanges, company decided to diversify and thereupon entered into business of share broking. The Company became a member of National Stock Exchange of India Ltd. Looking into the bright future of financial market which was at preliminary stage in mid 1990s Company acquired a license from Reserve Bank of India to act as NBFC. The membership of National Stock Exchange was surrendered in the year 2001 and the Company further diversified into investment business.
The Company was promoted by Shri S.L. Sanghi and Shri A. K. Sanghi in 1989 and inducted prominent personalities from the field of finance, accounts and secretarial work. There was a major change in the Composition of Board from the years 2000 to 2004 and presently the Board consists of two directors from the Promoter Group Shri Ashok Kumar Sanghi and Smt. Poonam Sanghi, two Independent Directors Shri M. K. Saboo and Shri K. Udaykumar.
The Company made its maiden public offer of 18,00,000 Equity Shares of Rs. 10/- each for cash at par aggregating to Rs 1.80 Crores in November, 1994 and the same was oversubscribed to the extent of 43 times and obtained its listing of Equity Shares on Bombay Stock Exchange. Trading of the Company’s shares on Bombay Stock Exchange commenced since 11th February, 1995. The Company is presently engaged in the business of dealing of Equity shares and derivatives of listed Companies. However presently the Company is facing certain Income Tax liabilities which are being contested at ITAT level. The major business would be taken upon the outcome of the same.