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Ashika Credit Capital Ltd

Your Financial Partner for Every Milestone

Trusted Since 1994

About Us

Ashika Credit Capital office and team workplace

Established in 1994, Ashika Credit Capital Limited ("ACCL") is a financial services institution with a longstanding presence in India's financial and capital markets ecosystem. Registered with the Reserve Bank of India ("RBI") as a Non-Deposit Taking Non-Banking Financial Company ("NBFC") under the Middle Layer category, the Company operates as an Investment and Credit Company ("ICC") and is engaged in carrying out diversified NBFC activities across India.

Since its inception, ACCL has consistently focused on building a strong foundation of financial discipline, governance and stakeholder trust. Originally incorporated as a private limited company in the State of West Bengal, the Company was subsequently converted into a public limited company in 1996, reflecting its strategic vision for expansion and institutional growth. In the year 2000, the Company further strengthened its corporate journey by becoming a listed entity.

Over the years, ACCL has steadily expanded its market presence and strengthened its position in the Indian financial services landscape. The equity shares of the Company commenced trading on BSE Limited in 2011 and in a significant milestone towards broader market accessibility and enhanced investor participation, the Company was granted trading permission from National Stock Exchange of India Limited in April 2026.

Presently, the equity shares of the Company are traded on both National Stock Exchange of India Limited and BSE Limited under the Symbol "ASHIKA" and Scrip Code "543766", respectively. Through its growing presence and diversified financial capabilities, ACCL continues to remain committed towards delivering sustainable value, maintaining strong governance standards and strengthening long-term stakeholder confidence.

Board of Directors

Mr. Pawan Jain

Chairman

Mr. Pawan Jain, the Founder & Chairperson of Ashika Group of Companies, is a Fellow Member of the Institute of Chartered Accountants of India and an alumnus of Harvard Business School. Mr. Jain leverages his expertise and experience of more than 35 years to provide comprehensive financial services including Broking, Corporate Financing, Debt Syndication, Depository Services, Investment Banking, AIF and other verticals that have made Ashika reach million of hearts today.

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Mr. Pawan Jain

Chairman

Mr. Pawan Jain, the Founder & Chairperson of Ashika Group of Companies, is a Fellow Member of the Institute of Chartered Accountants of India and an alumnus of Harvard Business School. Mr. Jain leverages his expertise and experience of more than 35 years to provide comprehensive financial services including Broking, Corporate Financing, Debt Syndication, Depository Services, Investment Banking, AIF and other verticals that have made Ashika reach million of hearts today. His long stewardship has guided Ashika to flourish and develop into an integrated financial services company. He possesses strong leadership skills, dynamism and a passion for merit to steer Ashika Group into a leading Company in Eastern India. He believes in nurturing a culture that is entrepreneurial, result oriented, client focused and based on teamwork. He has been honored with many awards and accolades.

At Ashika Credit Capital Ltd, he is the Chairman. He holds directorship in other Ashika Group companies - Ashika Global Securities Pvt Ltd, Ashika Global Finance Pvt Ltd, Ashika Private Equity Advisors Pvt Ltd, Ashika Capital Ltd and Ashika Properties Pvt Ltd. He is also Designated Partner for LLPs at Ashika Group.

Mr. Daulat Jain

Managing Director

Mr. Daulat Jain is Co-Founder & Managing Director of Ashika Group of Companies, is a Fellow Member of the Institute of Chartered Accountants of India. He has been a leader from the beginning and has promoted deep rooted values and ethics, the core strengths of the company. Mr. Jain’s pragmatic approach and business acumen has led Ashika to spread wings and establish an unparalleled distribution network with a strong franchise support.

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Mr. Daulat Jain

Managing Director

Mr. Daulat Jain is Co-Founder & Managing Director of Ashika Group of Companies, is a Fellow Member of the Institute of Chartered Accountants of India. He has been a leader from the beginning and has promoted deep rooted values and ethics, the core strengths of the company. Mr. Jain’s pragmatic approach and business acumen has led Ashika to spread wings and establish an unparalleled distribution network with a strong franchise support. His experience spanning more than 30 years across a wide array of subjects in the field of Corporate Finance, Capital Markets, Commodity Markets, Taxation, Audit and Corporate Laws has helped the company to achieve its objectives. His expertise and in-depth analysis of the business has been a cornerstone for the Group to aim for newer heights. He guides in the financial aspect of the Group including the adoption of policies and monitoring of liquidity risk. He is also actively engaged with social & charitable institutions.

At Ashika Credit Capital Ltd, he is Managing Director and is also the Member of Corporate Social Responsibility Committee. He is also Chairman-cum-Managing Director of Ashika Stock Services Ltd and Member of its Corporate Social Responsibility Committee. He holds Directorship in other Ashika Group Companies - Ashika Global Securities Pvt Ltd, Ashika Global Finance Pvt Ltd, Ashika Private Equity Advisors Pvt Ltd, Ashika Capital Ltd, Ashika Properties Pvt Ltd, Ashika Business Pvt Ltd, Ashika Logistics Pvt Ltd, Ashika Commodities & Derivatives Pvt Ltd, Dhara Dealers Pvt Ltd, Ashika Global Family Office Services Pvt Ltd, Puja Sales Promotion Pvt Ltd, Ashika Stock Services Ltd IFSC Pvt Ltd. He is also Designated Partner for LLPs at Ashika Group.

Mr. Chirag Jain

Executive Director & CEO

Mr. Chirag Jain is the Executive Director & CEO of Ashika Credit Capital Ltd, he had served as CEO of Ashika Capital, the investment banking arm of the Ashika Group, a diversified financial services firm with three decades of experience in asset management, stock brokerage, lending, and advisory services. With a focus on enabling capital raising, growth, and wealth management for individuals, companies, and institutions.

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Mr. Chirag Jain

Executive Director & CEO

Mr. Chirag Jain is the Executive Director & CEO of Ashika Credit Capital Ltd, he had served as CEO of Ashika Capital, the investment banking arm of the Ashika Group, a diversified financial services firm with three decades of experience in asset management, stock brokerage, lending, and advisory services. With a focus on enabling capital raising, growth, and wealth management for individuals, companies, and institutions.

Chirag also leads the Ashika Investment Managers Private Limited which houses the long only public markets fund - Ashika India Select Fund (a Category III AIF) focused on investing in the mid-cap and small-cap stocks in the Indian stock market. He is leading the launch of a VC Fund to invest in India's dynamic tech ecosystem, in collaboration with a FinsightVC,a global partner which manages approximately ~$1Bd.

An active angel investor, his portfolio includes companies like Finarkein, Arata, and House of Masaba. Beyond finance, Jain was the Founding Managing Trustee of Gyanada Foundation, dedicated to girls' education and computer education, and is a member of Young President Organisation (YPO). He is a part of the World Economic Forum (WEF) backed group for young individuals called Global Shapers.

He is an All-India Rank holder Chartered Accountant from ICAI and holds Bachelor’s in Commerce (Honors) from St. Xavier’s College, Kolkata.

Independent and Non Executive Directors

Mr. Amit Jain

Non Executive Director

Mr. Amit Jain

Non Executive Director

Mr. Amit Jain is the Non-Executive Director of Ashika Credit Capital Limited. He is an Associate Member of the Institute of Chartered Accountants of India having expertise, versatile knowledge and experience of more than 23 years in the fields of Broking, Retail Marketing, Distribution, Finance, Accounts, Taxation, Audit, etc. He is associated with Ashika Group since 2003 and his vast experience has always steered the company to achieve a high degree of corporate governance and has set standards in reporting and presenting the financial affairs of the organization. Mr. Jain is a team player and an asset to the company. He had served as Chief Financial Officer of Ashika Group for more than 16 years, i.e. 2003 to 2019.

He is also Executive Director and is heading Retail Marketing and Distribution Division of Ashika Stock Broking Ltd. He hold directorship in Ashika Global Securities Pvt Ltd, Ashika Business Pvt Ltd, Ashika Logistics Pvt Ltd, Ashika Commodities & Derivatives Pvt Ltd, Puja Sales Promotion Pvt Ltd and Ashika Stock Services Ltd IFSC Pvt Ltd.

At Ashika Credit Capital Ltd he is member of Audit Committee, Nomination & Remuneration Committee and Corporate Social Responsibility Committee. He is also a member of Corporate Social Responsibility Committee at Ashika Stock Services Ltd.

Mr. Ajay Pratapray Shanghavi

Independent Director

Mr. Ajay Pratapray Shanghavi

Independent Director

Mr. Ajay Pratapray Shanghavi is the Independent Director of Ashika Credit Capital Limited. He is an MBA, Mechanical Engineer, Production Engineer and Polytechnic, Foundry Technology. He is a dedicated and results-driven professional with over 38 years of hands-on experience in leading and expansion of various medium and large-scale companies in industries such as engineering, manufacturing, packaging, IT, ITES, EdTech, financial services, media and entertainment, etc.

He has been on the board of over 30 companies encompassing different industries and gained in- depth exposure to Corporate Management, Taxation, Litigation, Arbitration, Labour Management, Union Management and Business Development. He has specialised in setting up greenfield projects, business acquisition, managing businesses at corporate level, arranging funding through equity and debt, restructuring of companies, amalgamation of companies, audit and compliance. His core competence areas are corporate strategy, business growth plans and strategy, HR strategy, managing board meetings and annual general meetings of listed and unlisted companies, passion and knowledge in incubation of businesses as well as development of new products and markets.

He is Chairperson of Nomination & Remuneration Committee, and members of Audit committee, Corporate Social Responsibility Committee and Stakeholder’s Relationship Committee at Ashika Credit Capital Ltd.

Mr. Pravin Kutumbe

Independent Director

Mr. Pravin Kutumbe

Independent Director

Mr. Pravin Kutumbe is a seasoned Chartered Accountant and results-driven finance leader, boasting over 35 years of experience in driving business growth through strategic financial planning, taxation, and insurance expertise.

His core strengths include:

  • Independent, Non Executive Director
  • Exceptional analytical and problem-solving skills
  • Exceptional analytical and problem-solving skills
  • Strong collaborative and time management abilities

Notably, he has spent over three decades at LIC, holding key positions such as CFO, CIO, and others. Additionally, he has served as a Board member of IRDAI for three years, overseeing finance, investment, enforcement, and supervisory functions, as well as drafting regulations and guidelines. His past association with renowned companies includes State Bank of India, Tata Power, Stock Holding Corporation of India, Stock Holding Services Ltd.

Mr. Supratim Bandyopadhyay

Independent Director

Mr. Supratim Bandyopadhyay

Independent Director

Mr. Supratim Bandyopadhyay, a Member of the Institute of Chartered Accountant, has vast experience in the field of Insurance, Finance, Investments and Debt operations. He is currently Chairman of a Consultative Committee on Investment for Insurance Companies, Board member of Aditya Birla Sunlife AMC and Canara HSBC Life Insurance Co Ltd.

Mr.Bandyopadhyay earlier served as Chairman of Pension Fund Regulatory and Development Authority (PFRDA) for a period of three years from January 2020 to January 2023 and prior to this he was the Whole Time Member (Finance) of PFRDA for two years. During his tenure with PFRDA, the AUM of PFRDA increased almost 4 folds to ₹9 trillion. He held the position of Managing Director & Chief Executive Officer at LIC Pension Fund managing entire operations of LIC Pension Fund from April 14- Jan 18. Before LIC Pension Fund, he also served Life Insurance Corporation of India (LIC), the largest Insurance Company of India for a period of more than three and half decades. During his tenure at LIC, he worked in various capacities heading two large divisions apart from being Chief (Investment)& Executive Director (Investment).

Ms. Pinki Kedia

Independent Director

Ms. Pinki Kedia

Independent Director

CA Kedia Pinki is a visionary leader with a distinguished career spanning over 25 years as a practicing Chartered Accountant. She is a qualified DISA, LLB, and Senior Founder Partner at Kedia Singhania & Co., with experience working with renowned firms on audit and tax matters.

Beyond her professional accomplishments, CA Kedia Pinki is passionate about serving the profession. She has been an active Regional Council Member of WIRC of ICAI since 2022 and has held various key positions in WIRC committees, including Treasurer (2024-2025) . She has been chairperson for WICASA , setting a world record for the largest Human Mosaic (Dec 23), achieving the highest participation in the National Conference of CA Students, and contributing to WIRC publications.

CA Kedia Pinki is also committed to giving back to society. She initiated the Swachh Bharat Jagrukta Abhiyan and Project "Rahe Hum Savdhan," and has been recognized with prestigious awards, including the Maharashtra Nariratna in 2016 and the Women CA Achiever in 2022.

Looking ahead, CA Kedia Pinki aims to enhance professional opportunities, particularly with state government and local authorities. She is dedicated to empowering small and medium practitioners, young and women CA members through webcasts and training programs.

In addition to her professional pursuits, CA Kedia Pinki is a member of the RVG Education Foundation and has held key positions in the Lions Club of Mumbai Game Changer and International Vaish Foundation. She currently serves as President of the Women Wing of International Vaish Foundation, Maharashtra Region.

She is member of Stakeholder’s Relationship Committee at Ashika Credit Capital Ltd.

Composition Of Committee
Details of Key Managerial Personnel

Key Managerial Personnel

Mr. Gaurav Jain

Chief Financial Officer

Ms. Anju Mundhra

Company Secretary & Compliance Officer