Essar Securities Ltd was incorporated on December 16, 2005 as a public limited company. The company is primarily engaged in business of providing strategic advisory services and business start up consultancy services. As per the scheme of arrangement between India Securities and the company, the investment division of India Securities Ltd was de-merged into the company with effect from the appointed date, February 1, 2008. The scheme became effective on March 9, 2009. The company's equity shares were listed on the Bombay Stock Exchange Ltd (BSE) with effect from December 30, 2009. In August 2010, the company sold their investments comprising of equity shares of Essar Telecom Infrastructure Pvt Ltd for a total consideration of Rs 49.70 crore.