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Incorporated on 12th August
1994, under the Companies Act, 1956 as Ashika
Financial Services Pvt. Ltd., the company
subsequently changed its name to Ashika Stock
Broking Pvt. Ltd. on 14th February 1996.
Further on 4th March 1996 the status of the company
was converted to Public Limited and consequently the
name was changed from Ashika Stock Broking Pvt. Ltd.
to Ashika Stock Broking Ltd.
The company started its journey in the year 1994 as
a financial service provider and from thereon it
moved ahead never to look back. It got registered
with OTC Exchange of India in 1995 as dealer and
thereafter with NSE as a Stock Broker for both Cash
and Future and Option Segment and Wholesale Debt
Market Segment.
After having set a firm foot in the above areas the
company diversified into Mutual Fund distribution in
the year 2003. Further with awareness about the
stock market growing with the public at large the
company forayed more into the secondary market and
obtained registration with The Bombay Stock Exchange
(Cash and Future and Option Segment) in the year
2004. In the same year the company also registered
as a Depository Participant so that it could reap
the benefits of the changing Law.
Slowly the financial market got more lucrative to
the investors and a wide range of services came to
the forefront that included Portfolio Management,
the company took the benefit of the same and got its
registration completed in time to serve its HNI
clientele. On the other hand the commodities market
saw a boom, which lead the company into diversifying
its business and becoming a Depository Participant
for commodities too.The company further in the year
2008 obtained the membership for Currency Derivative
Segment from BSE, NSE and MCX-SE and also got itself
registered as Depository Participant with NSDL. The
same can be tabularized as below:
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