Olympia Capitals was promoted by Ram Kanoongo and Navin Pansari in 1986. It was accorded the status of a category-I merchant banker in Apr.'93. The company has been active in the areas of underwriting of public issues, bill discounting and corporate advisory services. The company has been granted membership of the NSE for capital market segment, and has received a licence for restricted money changing activity from the RBI for which it proposes to open centres in Bombay. In Dec.'94, the company made a foray into the capital market for expanding its financial activity, and diversifying into the priority merchant export sector and power generation sector. Investnet Securities India Ltd (formerly known as Olympia Securities Ltd) which is a subsidiary of the company has carved a strong foothold for itself in the Broking industry and now operates with 9 VSATs, has commenced online trading of shares and securities through internet.