SMC Global Securities Ltd

SMC Global Securities Ltd

SMC Global Securities Limited was incorporated on December 19 1994 in New Delhi with Mr. Subhash C. Aggarwal & Mr. Mahesh C. Gupta as Promoters. The Company is a Trading and Clearing Member of the National Stock Exchange of India Limited (NSE) BSE Limited and Metropolitan Stock Exchange of India Limited (MSEI) in the Capital Market. Further the Company is a Trading and Clearing Member of NSE BSE MSEI MCX and NCDEX in the Futures and Options of Currency Commodity and Equity Derivative Segment. The Company also holds depository participants registration of Central Depository Services (India) Limited and National Securities Depository Limited participants of NCDEX Comtrack AMFI registered mutual fund distribution and portfolio management service (PMS) registration from Securities and Exchange Board of India (SEBI). The Company is regulated by SEBI having ten subsidiaries and one joint venture. The Company is engaged in offering a wide range of services to meet client's needs including brokerage services clearing services depository services distribution of financial products such as mutual fund and initial public offerings fund management services research support services and also in proprietary transactions. Besides the Company offers advanced broking services across equity derivative currency and commodity asset classes financial analytics mortgage advisory investment banking and executions in cash & future equities. It has become the principal inter-dealer broker in both exotic and vanilla equity derivative instruments.In 1995 the company started business of equity brokerage and got membership of the National Stock Exchange of India Limited. It also started Arbitrage operations. In 1996 the company moved towards providing trading platform for equities to their clients after procurement of membership of National Stock Exchange of India Limited in the capital market segment. In 2000 the company ventured into depository services with CDSL registration and in 2009 also got registered with NSDL. In 2003 the company started providing trading platforms to clients for trading in commodities through MCX NCDEX and ICEX. It also has international presence through its wholly owned subsidiary SMC Comex International DMCC which is a member of Dubai Gold and Commodity Exchange (DGCX). In 2005 the company took the initiative of fundamental & technical research in equity and commodities.In 2006 the company entered into distribution of life & general insurance products through its subsidiary SMC Insurance Brokers Pvt. Ltd. a licensed insurance broker by IRDA. In 2007 the company started providing NRI services Institutional trading and advisory services. In 2008 the company went digital by trading online in equities derivatives & commodities. NBFC started providing margin funding & IPO financing to clients. In 2009 the company became trading and clearing member of Bombay Stock Exchange Limited.In 2010 the company launched corporate hedging desk for currency & commodity .In 2014 the company started providing broking services for real estate mortgage and loan advisory.In 2016 the company started acting as a stock broker and clearing member on derivative segment of India International Exchange.In 2017 the company enrolled a new distribution partner `POS' approved by IRDA for selling General Insurance & Life Insurance products.In 2018 the company started online market place for instant customized rate quotas on loans. In May 2018 the Company approved Composite Scheme of Arrangement for the merger of its two wholly owned subsidiaries SMC Finvest Limited and Indunia Realtech Limited into with the Company and demerged commodity broking and proprietary commodity trading business of the wholly owned subsidiary SMC Comtrade Limited and vested the same inSMC Global Securities Ltd. It further demerged wealth management business (including portfolio management services) of the wholly owned subsidiary SMC Investments and Advisors Limited and vesting of the same in SMC Global Securities Ltd.In 2019 the company established business of retail discount broking currencies and commodities trading mutual funds and bonds which empowers traders & investors by sharing its market expertise new age technology zero brokerage advantages and excellent trading platforms.In 2021 the equity shares of the Company were listed on nationwide trading platforms of NSE and BSE on 24 February 2021. The Company has been ranked among top 1000 listed entities of India as per its market capitalization of 31 March 2021.In 2022 the Company became e Clearing and Trading Member of India International Bullion Exchange IFSC and along with its subsidiary i.e. SMC Global IFSC Private Limited has incorporated an Alternate Investment Fund (AIF) Category III in the form of a trust with the name 'SMC IFSC Global Opportunities Fund' in Gujarat. The Company through its subsidiary SMC Comtrade Limited launched its own gold and silver coins in various denominations under under the own brand name as SMCCOINS.