Company History & Background

Asit C. Mehta Investment Interrmediates Ltd. (ACMIIL) was established in the year 1986 with a view to offer a one stop solution to Indian entities for their needs in financial services. Over the last two decades it has achieved the distinction of being amongst the most trusted and reputed brokerage houses in India. It provides a complete bouquet of products in equity, debt, commodities, forex, depository, derivatives and allied services in India.

The company is jointly promoted by noted stock market professionals, Mr. Asit C. Mehta and Mrs. Deena A. Mehta, and is a part of the Mumbai-based Nucleus Group of Companies. The other group companies are engaged in IT and IT related services such as development of databases, back-office applications for banks, corporate document management solutions and geographical information systems (GIS).

Vision, Mission & Quality

Envisioned to be the “Trusted Financial Intermediary”, the group has etched out a very specific corporate purpose – “To reach appropriate financial products, services and solutions to every Indian entity.”

Our Belief

That every household can, should, and will need to participate in the financial markets directly or indirectly to protect their financial interests That regulatory/legal compliance ensures economic sustainability. That transparency and fairness are the cornerstones of all dealings. That knowledge rather than capital is the key driver of this business. That product, process, and technology led innovations are necessary preconditions for continuously adding value for all our constituents. That given the environment every person will realise her/ his potential. That people are driven by causes.

The FIRSTS to our credit:

First limited liability Company to acquire membership on Bombay Stock Exchange. First multiple seat holder and multiple exchange members. First private VSAT network user. First to utilize the franchisee business model for sub-brokers. First to achieve the ISO quality certification for business processes. First to receive a CRISIL grading for quality of operations and services. Company Managing Director Mrs. Deena Mehta was the first lady to be elected to the governing board of the Stock Exchange Mumbai and first and only lady to be the President of Stock Exchange, Mumbai.

Service Standards & Compliance

In order to institutionalize business processes, our company has moved to a documented customer-centric quality management system. This has ensured that the entire organization is driven by the common objective of delivering quality brokerage services that would create a unique brand and top-of-the-mind recall. We are the first brokerage house to be certified under ISO 9001:2000 for the Equity and Debt segments. We are also first stock brokerage house to be graded under the Broker Grading service by Credit Rating & Information Services of India Ltd. (CRISIL) for our quality of operations and services provided to clients.

Our Services

Equity and Derivatives Trading: Equity trading is offered to retail clients through different channels in the Bombay Stock Exchange (BSE) & the National Stock Exchange of India (NSE), for the cash and the derivatives segments.Investors are serviced through a PAN India network of over 650 associates / locations comprising of 585 franchisee and 65 company branches. (as on July 2009) Online Trading: Investmentz.com is our trading portal that offers online trading to retail investors in the BSE and NSE cash and derivatives segments. The investors can do their own trading through a browser-based interface as well as a streamer-based solution called Live eXchange. This service is also available through an Interactive Voice Response (IVR) facility for those clients who are unable to access the Internet service at any time. The company has tied up with leading nationalized, private and co-operative banks to offer share trading services to the banks' customers. A seamless gateway has been established between the banking and depository softwares of the bank. Institutional Desk: Equity trade execution services are provided to institutional investors both domestic and FII by our institutional desk. Research and market information is provided to mutual funds and banks to support them in making investment decisions. These services are provided with seamless connectivity to custodians. Portfolio Advisory Service: ACMIIL holds a portfolio management license issued by SEBI. It service is available to Resident Indian and Non-Resident India (NRI), for managing their equity & mutual fund portfolio. Investment Banking: ACMIIL has been granted a Category I Merchant Banking license by SEBI. It offers services in mergers, amalgamations, private equity, public offerings and a full gamut of investment banking services. Commodity trading service are provided through our associate, Asit C. Mehta Commodity Services Pvt. Ltd. The company is member of India’s premier commodity exchanges, namely, the Multi Commodity Exchange of India Ltd. (MCX), the National Commodity & Derivatives Exchange, India (NCDEX) and the East India Cotton Exchange Association (EICA). The online trading portal also provides facility to trade on NCDEX. One of the group company is a member of Dubai Gold & Commodity Exchange (DGCX). Mutual Fund and IPO distribution service are provided to retail investors directly and indirectly through our Branch/Business Associate network. Seminars are conducted regularly to highlight the importance of investment in mutual funds, especially through Systemic Income Plans (SIP). Advice is provided on initial public offerings and only public issues that have merit are marketed to retail investors. Debt Market Desk: We are members of the Wholesale Debt Market (WDM) segment of the National Stock Exchange of India (NSE). The service involves providing quotes and executing trades in government securities (G-Sec), treasury bills and other state-guaranteed bonds. We are empaneled with most nationalized, foreign, private and major co-operative banks. We are also empaneled with most primary dealers, mutual funds, insurance companies and institutions for trading in debt market instruments. Inter-bank Forex Desk: Our associate company, Asit C Mehta Forex Pvt. Ltd., undertakes inter-bank forex order execution. Accredited by the Foreign Exchange Dealers’ Association of India (FEDAI), the company is empaneled with approximately 60 banks and has a reasonable presence in the market. Depository services are provided to investors. The company is a depository participant with the Central Depository Service of India Ltd. (CDSL). We are also authorized to provide depository services for commodity trades.

Support Services

Research: Investors are provided with extensive information on markets and companies through hourly market reviews, periodic market commentary and recommendations, which enable them to make informed decisions. The company firmly believes that providing continuous and accurate decision making tools can add substantial value to its investors. Advisory services are provided as a value-added service to all retail and institutional clients. This service is delivered through the hourly, daily, weekly, fortnightly and monthly publication of fundamental and technical research. Calls are made through broadcast services on our private VSAT network, SMS and e-mail. Accounts information to the retail clients is provided through access on our website. This assists clients in knowing details about their trading accounts and their resultant obligations through various reports like Bill, Contract, Financial Ledger, Transaction Register, Stock Register, Portfolio Tracker, Stock holding position, etc. E-contracts are generated for investors giving trade details.

Potential Growth Areas

India is amongst the least affected countries in the 2008 global meltdown. May 2009 general election in the country provided a fairly stable government. We see great potential for the country in general and financial market in particular in the years to come. Investor participation, product innovations, volume growth is likely to be in exponential proportion. Our company is well poised to build a great institution in India to service the Indian and global investors for their financial services needs. The company has created a strong organization driven by processes to handle multifold volume growth.

Address:

Asit C Mehta Investment Interrmediates Ltd. Nucleus House, Saki Vihar Road, Andheri (E), Mumbai 400 072. India. Call: 91-22-28583333. Fax: 91-22-28577647. Email: acmill@acm.co.in

SEBI Registration No:

BSE CM: INB 010607233 & Derivatives: INF 010607233 NSE CM: INB 230607239 & Derivatives: INF 230607239 & WDM: INB 230607239 PMS: INP000001920 Merchant Banking: INM000010973 Depository (CM & Derivatives): IN-DP-CDSL-28-99

Management:

Chief Executive Officer : Mrs. Deena Asit Mehta Whole-time Director       : Mr. Kirit H Vora

Membership

Cash Market: BSE, NSE Derivatives: BSE, NSE Debt: NSE Foreign Exchange: Accredited by FEDAI PMS under SEBI License Merchant Banking: Approved by SEBI under Category I Commodities: NCDEX MCX, DGCX, EAST INDIA COTTON Depository: CDSL

Clearing Bank: State Bank of India

Reach and Access (as on Dec 31, 2010)

Investment Centres     665 (branches, franchisee, etc.) States & UT covered   26 Employees                   918

Products and Services

Equity – Initial Public Offering (IPO) Equity – Secondary trading (cash and derivative) Equity – PMS Equity – Online Trading Equity – Depository Services Equity – Investment Advisory (fundamental and technical) Equity – Mutual Fund Equity - Arbitrage Commodity - Derivatives Debt – Government Securities Debt – Primary Placements Debt – Advisory Debt – Mutual Funds Debt – Relief bonds, etc. Forex – Interbank broking Merchant Banking – Amalgamation & Mergers Merchant Banking – Private Equity Merchant Banking – Public Offering

Last updated July-09