Ajcon Global Services Limited Company Profile : Products,Promoters and Clients
Company Description:
Ajcon Global Services Limited (AGSL) is a public company with a net worth exceeding ₹300 million, offering diverse financial services for over 30 years. Founded in 1986 as Ajmera Financials and Project Consultants Pvt. Ltd. in Mumbai, AGSL initially focused on project consultancy and financing, completing over 300 assignments. In 1994, it expanded into capital markets and became Ajcon Global Services Limited to reflect its global reach. Led by Mr. Ashok Kumar Ajmera, a Chartered Accountant with 40 years of experience, AGSL went public in January 1995, with its issue oversubscribed 25 times. AGSL is a member of the NSE for cash and F&O, a depository participant of CDSL, and has a robust nationwide client base with a securities turnover in thousands of crores. In 2004, AGSL expanded internationally by partnering with a U.S. company to offer financial services.
Q1. What are the Product and service offerings of the company?
Ajcon Global Services Limited (AGSL) offers diverse financial services:
- Equity Broking:
- Registered with BSE, NSE, and MCX-SX.
- Strong institutional and retail broking presence.
- Online trading via www.pyarapaisa.com with Bank of India.
- Currency Broking:
- Focus on currency futures with educational initiatives.
- Commodity Broking:
- Managed by subsidiary Ajcon Comtrade Pvt. Ltd., a member of MCX.
- Depository Services:
- Participant of Central Depository Services Limited (CDSL).
- Corporate Advisory Services:
- Includes loan syndication and project finance.
- Investment Banking:
- Offers private equity, mergers, and acquisitions services.
- Merchant Banking:
- Category 1 Merchant Banker registered with SEBI.
- Equity Research:
- Provides fundamental research reports with wide viewership.
- Subsidiaries:
- Ajcon Comtrade Pvt. Ltd.: Commodity broking.
- Ajcon Finance Limited: NBFC registered with RBI.
- Ajcon IT.Com Ltd.: IT solutions, MLM software.
- Ajcon Infra Projects Pvt. Ltd.: Construction and infrastructure.
- Kanchanmanik Securities Pvt. Ltd.: Securities broking.
- A. Ajmera & Associates: Chartered accountancy firm.
- International Expansion:
- Partnered with a US-based company for financial services.
AGSL excels in stock broking, project consultancy, market research, loan syndication, turnkey projects, and corporate advisory services, consistently providing top-notch financial solutions.
Q2. Who are the Promoters of the company?
Dr. Ashok Ajmera, FCA
Dr. Ashok Ajmera, Founder, Chairman, and Managing Director of Ajcon Global Services Limited, is a Chartered Accountant with 45 years of experience. Awarded an honorary doctorate in financial management by KIU, South Korea, Dr. Ajmera has expertise in banking, finance, and capital markets. He has successfully advised over 500 clients in debt syndication, investment banking, and corporate advisory. A prolific speaker, Dr. Ajmera has conducted over 300 training programs and given 2,500 TV interviews. He has served in various roles with NSE, ANMI, JAYCEES, Indian Merchant Chambers, and Rotary Clubs, earning numerous awards including the Management Man of the Year.
Mr. Ankit Ajmera
Mr. Ankit Ajmera, Executive Director of Ajcon Global Services Limited, holds a B.Com and an MBA. With over 20 years of experience in capital markets, he specializes in stock picking, IPO distribution, equity research, and institutional broking. He oversees institutional broking, HNI desk, retail broking, and compliance at Ajcon. Ankit is involved with ANMI and Lions Club of Juhu, frequently speaking at forums and TV interviews on capital markets.
Mr. Anuuj Ajmera
Mr. Anuuj Ajmera, Executive Director of Ajcon Global Services Limited, is a commerce graduate and IT professional with 18 years of experience in IT, business development, marketing, and PR. He developed Ajcon's online trading portal and apps, leading business development and marketing for broking, investment banking, and distribution. Anuuj is a past president of the Rotary Club of Kandivali and has held various Rotary District positions, expanding the business through his networking skills.
Mrs. Ragini Chokshi
Mrs. Ragini Chokshi, an Independent Director at Ajcon, is a founder partner of "Ragini Chokshi & Co." and a practicing Company Secretary in Mumbai for over two decades. She specializes in corporate laws, listing, mergers, managerial remuneration, and corporate legal counseling, appearing before various regulatory bodies.
Q3. Who are the Clients of the company?
For FY24 Fees and Brokerage Income accounted for 41.2% of the total revenue, Sale of Product accounted for 33.5% of the overall revenue, Net gain on Fair Value Changes was 17.57% of the total revenue and rest of it was Interest Income.