Share India completes acquisition of Total Securities

Share India Securities Ltd, a leading knowledge and technology driven financial services group, which recently migrated from the SME platform to the main board of Bombay Stock Exchange, has completed the merger of Mumbai based Total Securities with the Company. Acquisition of Total Securities makes SISL among the top players nationally, enhances company’s geographical presence in all segments of Capital Market and brings experienced talent to the core team.

“Mr. Kamlesh Shah and Mr. Vijay Vora from Total Securities, who are now on the board of Share India as Joint MD and Whole Time Director respectively, bring close to three decades of experience each in financial markets. Mr. Vijay Vora specializes in derivative trading and will look to expand product portfolio of the company. We are really elated to have them on board and believe their rich experience would help the company scale-up and grow faster” said Mr Praveen Gupta, MD, Share India Securities Limited.

Mr. Kamlesh Shah, who is CA by qualification stated, “It is a matter of great happiness for me to join board of Share India. Share India over the last few years and especially post the listing in 2017 have shown stupendous growth and delivered great results for minority investors. We will now look to continue strengthening our operations and improve our profitability in segments started recently.”

About Share India Securities Ltd (www.shareindia.com)

#ShareIndia Securities Ltd, a leading knowledge and technology driven financial services group, is engaged in the business of equity broking and trading activities for the last 25 years. It has now expanded its operation into mutual funds, NBFC, merchant banking and commodity markets. The Company became 200th SME Company to get listed on BSE SME Platform in October 2017. The Company in December 2019 migrated from BSE SME Platform to the main board of BSE Limited.

The Company delivered strong growth in financial performance for the fiscal year ended March 31, 2019. The company’s consolidated revenue grew 30% on a year on year basis to Rs 182.53 crores compared to Rs 140.48 crores posted in FY18. Similarly, consolidated net profit for FY19 rose 27% to Rs 19.45 crores compared to Rs 15.35 crores posted in FY18.

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