StockHolding Corporation of India
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Depository Services E-stamping | |
Key people | Shri Manoj Mittal (Non Executive Chairman) Shri Manoj Parida (COO) (Chief Operating Officer) |
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Services | |
Website | www |
Stock Holding Corporation of India Limited (SHCIL) is an Indian custodian and
Corporate structure
The Stock Holding Corporation has three subsidiaries:[3]
- Stockholding Services Ltd (stock brokering services)
- StockHolding Document Management Services Limited (provides end-to-end document storage and digitization services)
- StockHolding Securities IFSC Limited (A SEBI registered intermediary operating out of GIFT IFSC, Gandhinagar, Gujarat, and catering to Eligible Foreign Investors (EFIs), FPIs and NRIs from FATF compliant jurisdictions as of now)
Operations
Domestic presence
SHCIL has over 200 branches and in 141 cities around India.
GIFT IFSC presence
SHCIL's subsidiary, StockHolding Securities IFSC Limited, is operating out of India's first International Financial Services Centre at GIFT City, Gandhinagar, Gujarat, catering to EFIs (Eligible Foreign Investors), FPIs & NRIs from FATF compliant jurisdictions as of now.[4][when?]
E-Stamping
The main e-stamping facility was opened on 3 July 2008 in New Delhi, India and was inaugurated by Chief Minister Sheila Dikshit. The goal of the e-stamp was to "prevent paper and process-related fraudulent practices" according to the SHICL chairman and managing director at that time, RC Razdan. It implemented the e-stamping facility in five cities of Gujarat โ Ahmedabad, Gandhinagar, Surat, Rajkot and Baroda โ as well as Bangalore, in March 2008.
Products and services
Stock Holding offers numerous financial services along three main branches: personal, corporate and custodial services.
Personal services
Some of the personal services they offer include:
- Demat Account
- Insurance
- Mutual Funds
- NPS (Retirement)
- GOI Bonds (Government of India)
- IPOs
GoldRush
A platform that allows users to buy gold online and is one of the only two ways to do so in India.[5]
Corporate services
- Demat services for business
- CSGL services (government bonds)
- Trading accounts
- NPS accounts
- Bullion (gold and silver)
Custodial services
Custodial services include any safekeeping, administration, transaction and further activities done on behalf of a company by its custodian, and include:
- Fund accounting
- FDI (Foreign Direct Investment)
- Company Valuation
- Vaults
- Customized Reporting
- Electronic and Physical Safekeeping Services
- Clearing and Settlement Services
References
- ^ a b "The Hindu Business Line: Stock Holding to launch e-stamping in Maharashtra". Thehindubusinessline.in. 2 May 2008. Retrieved 25 February 2011.
- ^ "Shcil Online โ A B O U T U S :: C O N T A C T U S". Stockholding.com. 6 January 1998. Retrieved 25 February 2011.
- ^ "Stock Holding Corporation of India Limited Teaser Document" (PDF). ifciltd.com. Retrieved 23 October 2019.
- ^ "Home". stockholdingifsc.com.
- ISSN 0013-0389. Retrieved 1 August 2023.