Founded by Dr. Ashok Ajmera, FCA in 1986 as Ajmera Financials and Project Consultants Private Limited, the name which was changed to Ajcon Capital Markets Ltd. in 1994 and to Ajcon Global Services Ltd. (AGSL) in 2003.
Listed on BSE since 1995, with over 5,000 shareholders through an IPO oversubscribed by 25 times.
AGSL became members of leading stock exchanges in India with nationwide connectivity viz; NSE, BSE, and MCX-SX for Cash and Futures and Options (F&O), MP Stock Exchange and set up a retail broking business under Branch and Franchisee Model.
Forayed in commodities market and got membership of MCX for commodity futures through a subsidiary.
Obtained Non – Deposit taking NBFC Registration from RBI for its subsidiary Company.
The Company became a Depository Participant of CDSL.
Empanelled with more than 30 leading Institutions, Banks, MFs etc. for execution of their secondary market operations.
Obtained ISO 9001:2008 certification for its activities viz. Broking, Depository, Corporate Advisory Services and Merchant Banking Activities.
Obtained ISO 9001:2008 certification for its activities viz. Broking, Depository, Corporate Advisory Services and Merchant Banking Activities.
Developed an online web portal www.pyarapaisa.com to facilitate online trading to our clients.
Signed an agreement with Bank of India for providing broking services/assistance to the customers.
Registered its name and logo with the Registrar of Patents Trademarks from Controller General of Patents Designs and Trademarks (Department of Industrial Policy and Promotions – Ministry of Commerce and Industry, Government of India).
Registered its name and logo with the Registrar of Patents Trademarks from Controller General of Patents Designs and Trademarks (Department of Industrial Policy and Promotions – Ministry of Commerce and Industry, Government of India).
Secured Category I Merchant Bankers Registration from SEBI.
Managed Private Equity deals and a few large debt cases.
Made a foray into the SME Exchange by registering as ‘Market Makers’ with both NSE and BSE. Acted as Market Maker for one BSE-SME Company.
Lead managed as Merchant Banker, a SME issue, which was amongst the first six issues listed on BSE – SME Exchange. Also, fully underwritten the said issue.
Expanded offices in Nariman Point and Goregaon in addition to Mahim at Mumbai.
AGSL became a country representative of a large real estate private equity fund.
