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Ashirwad Capital Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 1ISIN Demat: INE894A01026
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Business Profile
Ashirwad Capital (ASHCAPIT) was incorporated as Ashirwad Trading & Finance in May 1985. The name was subsequently changed from Ashirwad Trading & Finance to Ashirwad Capital in September 1995. The company was originally promoted by Vinodkumar Bukalsaira, C.P. Maheshwari and N.K. Galav and others. It is a finance and investment company. It is not a stock broking company. It buys and sells its investments through stockbrokers. ASHCAPIT also provides services in the area of long-term investments and consultancy. ASHCAPIT was earlier into the business of finance leasing and other activities. In recent years it has concentrated its business of long-term investments in the capital market. Consequently, profits on sale of investments are a major portion of its income and net profit. The company is a registered NBFC and is presently engaged in investment activities in the securities market on a professional basis. The proceeds from the right issue is proposed to be used for investment in securities, upgraded infrastructure facilities with hitech computer software, hardware, other networking systems, multifunction office equipment and broad-base scientific strategic research in the securities market. The office is situated at Lower Parel, Mumbai.

The company announced fall of 80.89% in standalone net profit on y-o-y basis to Rs 0.41 million, while total income dropped 68.49% y-o-y basis to Rs 0.95 million for the quarter ended June 2015.

In Brief

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