Ajcon Global Services Limited Company Profile : Products, Promoters and Clients

Ajcon Global Services Limited Company Description:

Ajcon Global Services Limited (AGSL)founded in 1986 under Ajmera Financials and Project Consultants Pvt. Ltd. in Mumbai. The consultancy company evolved in 1994 to Ajcon Global Services Limited, when it entered the capital market with a new expanded view. The public offering ratio witnessed a versification of 25 in 1995, during its first offering: AGSL is a company based out in India that a Chartered Accountant owns, Mr Ashok Kumbar Ajmera, along with many other Indian citizens, gaining over 40 years of experience. The company serves India through NSE and F&O memberships and additional membership with CDSL. In 2004, AGSL opened international branches with an affiliate from the U.S.A., expanding the range of services.

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Q1. What are the Product and service offerings of Ajcon Global Services Limited?

Ajcon Global Services Limited (AGSL) offers diverse financial services:

1- 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.

2- Currency Broking:

• Focus on currency futures with educational initiatives.

3- Commodity Broking:

• Managed by subsidiary Ajcon Comtrade Pvt. Ltd., a member of MCX.

4- Depository Services:

• Participant of Central Depository Services Limited (CDSL).

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5- Corporate Advisory Services:

• Includes loan syndication and project finance.

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6- Investment Banking:

• Offers private equity, mergers, and acquisitions services.

7- Merchant Banking:

• Category 1 Merchant Banker registered with SEBI.

8- Equity Research:

• Provides fundamental research reports with wide viewership.

9- 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.

10- International Expansion:

• Partnered with a US-based company for financial services.

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Q2. Who are the Promoters of Ajcon Global Services Limited?

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.   

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