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| History |
The group was founded by
Mr. Mahesh Kothari in 1986 with the acquisition of membership of
Bombay Stock Exchange.It's activities include equity trading for institutional and
private client on the Stock Exchanges, Mumbai. Mrs. Alka Pandey & Mr. Mahendra Pandey
are the co-promoters of the group.
The Company floated as proprietary firm under his name was later
converted into private limited firm in 1995 as Mr. Mahesh Kothari Stock Brokers Private
Limited and remains so till date. Under the leadership of Mr. Mahesh Kothari, the
Company catapulated itself into league of top ten brokers on BSE in a matter of five
years. One of the first stock broking companies in India to introduce the concept of
Research in back in 1992, the principal of innovative thinking has helped the companies
to maintain its competitive edge.
Alka Securities Limited (ASL), the flagship of
the group, is one of the leading fixed income brokerage houses in the country. The Company is a member
of the National Stock Exchange of India Limited (NSE) for Debt WDM, and Capital Market. The Company was
one of the first members of the NSE when the Exchange was formed in 1994. Alka Securities was floated
on the main market of the Stock Exchange, Mumbai in 1996 with a maiden IPO. The Company's clientele
includes treasuries of leading banks, pension funds, insurance companies, mutual funds and corporations.
The span of activities involves institutional and private client stock broking in equities and debt,
corporate finance, mutual fund distribution and online trading.
Alka Commodities Ltd, a wholly owned subsidiary of Alka Securities,
was established with the idea of foraying into the Multi Commodity Exchange (MCX). The Company activities
include telephonic as well as online commodity trading for the Group Company clients.
The day to day operations are handled by Mr. Brijesh Kothari (MBA,
Finance,Drexel University, USA) son of Mr. Mahesh Kothari.
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