Company Overview of Stock Holding Corporation of India Limited
Stock Holding Corporation of India Limited provides custodial, depository participant, derivative clearing, and other financial services in India. The company operates through Physical Custody Services, Digitisation of Documents, and Software Services segments. It offers securities services, including custodial, clearing and settlement, electronic and physical safekeeping, futures and options clearing, asset servicing, and premium offerings; and various depository participant services. The company also provides e-stamping and share broking services; and clearing, settlement, and collateral and risk management services for derivatives. In addition, it offers various financial products ranging...
301, Centre Point
Dr. Babasaheb Ambedkar Road
Founded in 1986
Key Executives for Stock Holding Corporation of India Limited
Chief Executive Officer, Managing Director and Director
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Managing Director of Shcil Project Limited, Chief Executive Officer of Shcil Project Limited and Director of Shcil Project Limited
Managing Director of Director of Shcil Services Ltd, Chief Executive Officer of Shcil Services Ltd and Director of Shcil Services Ltd
Compensation as of Fiscal Year 2014.
Stock Holding Corporation of India Limited Key Developments
IFCI Reportedly Plans To Sell Brokerage Subsidiary
Oct 21 14
IFCI Limited (BSE:500106) is reportedly planning to sell IFCI Financial Services Ltd. for at least INR 100 as it looks to mobilize funds for expanding its lending business. As reported, it has received interest from about half a dozen bidders, including Stock Holding Corporation of India Limited.
Stock Holding Corporation of India Limited Announces Executive Changes
Jul 28 14
Ashok Motwani, Managing Director and CEO of Stockholding Corporation of India (SCHIL) who was on deputation from IDBI Bank has reverted back to IDBI on completion of his three-year tenure. Mr. Ramesh, till recently GM – Vigilance at IDBI Bank joins SCHIL on July 28, 2014 as MD & CEO. He has taken voluntary retirement from IDBI Bank.
LIC, GIC And SUUTI Seek Government Nod To Sell Stake In SHCIL
Jun 18 13
Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and The Specified Undertaking of the Unit Trust of India (SUUTI) are seeking government nod to sell 45% stake in Stock Holding Corporation of India Limited (SHCIL). GIC and the administrator of SUUTI have sought the government's approval to sell their stake in SHCIL to three private equity funds, including The Blackstone Group L.P. (NYSE:BX), two sources in the know said. The three companies collectively hold 45% in Stock Holding The deal is expected to fetch LIC, GIC, and SUUTI over INR 10 billion, one of the sources indicated. "Discussions are on with three private equity players. They are interested in having significant holding in the firm. The valuations they are offering is quite attractive so we have sought government's permission," an official with one of the insurance companies said, requesting anonymity.
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March 21, 2014