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JM Financial Ltd.

BSE: 523405 Sector: Financials
NSE: JMFINANCIL ISIN Code: INE780C01023
BSE LIVE 15:40 | 18 Aug 125.90 -0.60
(-0.47%)
OPEN

126.30

HIGH

126.35

LOW

124.10

NSE 15:51 | 18 Aug 125.70 -0.90
(-0.71%)
OPEN

125.50

HIGH

126.25

LOW

124.30

OPEN 126.30
PREVIOUS CLOSE 126.50
VOLUME 53846
52-Week high 131.20
52-Week low 52.70
P/E 52.68
Mkt Cap.(Rs cr) 10,035
Buy Price 0.00
Buy Qty 0.00
Sell Price 125.90
Sell Qty 250.00
OPEN 126.30
CLOSE 126.50
VOLUME 53846
52-Week high 131.20
52-Week low 52.70
P/E 52.68
Mkt Cap.(Rs cr) 10,035
Buy Price 0.00
Buy Qty 0.00
Sell Price 125.90
Sell Qty 250.00

JM Financial Ltd. (JMFINANCIL) - Company History

JM Financial Limited (JM Financial) is an integrated financial services company incorporated in 30th January of the year 1986 under the name of JM Share & Stock Brokers (JMSSB). JM Financial offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors. The Company has interests in investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC (Non Banking Finance Company) activities, private equity and asset reconstruction. JM Financial was started as a private limited company as an arm of JM Financial & Investment Consultancy Services. As at 15th June of the year 1988, the company was converted as a deemed public limited company and subsequently, the company became a public company by making necessary alterations in its Articles of Association. The Company entered into a Joint Venture agreement with Morgan Stanley in December of the year 1997. During the year 2001, the company redeemed last installment of 14% Debenture and also repaid part of its unsecured loans to its promoters with the ultimate objective of bringing down the borrowing and making the company a Zero Debt Company. During the year 2004, the company had changed its name from JM Share & Stock Brokers to JM Financial Limited. J.M. Securities Private Limited was amalgamated with the company in the year 2006. JM Financial had launched a corporate private equity fund in August of the same year 2006 under the name of JM Financial India Fund, with US-based Old Lane Partners, LP, being the lead investor/co-sponsor to the Fund. As of August 2007, the company had launched a unique Portfolio Management Scheme that aims to offer 100% capital protection as well as potential capital appreciation based on the Dynamic Portfolio Insurance (DPI) methodology. As at March of the year 2008, JM Financial had acquired JM Financial ASK Securities Private Limited. The Company has opened a full fledged branch at Vizag, the port city of Andhra Pradesh in the month of September of the same year 2008.