|Introduction and History|
|MSS Securities Private Limited (MSSPL) is one of the leading stock brokers of The Stock Exchange, Mumbai. It is also a Member of the Derivatives segment of the exchange. The Stock Exchange, Mumbai accounts for over 95% of the market capitalisation of Indian equity markets.|
The stock-broking business of MSSPL was originally carried on by the concern of M/s Malini Ajit Sanghvi which commenced business in December 1990. The business of M/s Malini Ajit Sanghvi was corporatised to a private company viz. MSSPL in December 1997. The net worth of the company is Rs. 60million (approximately US$ 1 million).
|The management of the company is looked after by the Directors - Mrs. Malini Sanghvi and Mr. Ajit Sanghvi. Both of them are Business graduates, have completed their Masters Degree and qualified Chartered Accountants and have extensive experience in stock-broking. |
Stock-broking has been Mrs. Malini Sanghvi’s family business and she acquired skills in the trade initially at her father’s stock-broking firm. She has also worked on investment banking assignments at JM Financial (now Indian associate of Morgan Stanley Dean Witter). Mrs. Malini Sanghvi was a member of the Market Operations Committee and the Training Committee of the Stock Exchange, Mumbai and also member of Risk Management Committee of SEBI.
Mr. Ajit Sanghvi has also had extensive experience in the finance business. As Managing Director of Pioneer Leasing (India) Limited from 1984-88, he developed profitable business for the company in leasing, hire purchase financing and investments. He was also a member of the Governing Council of the Equipment Leasing Association of India. Mr. Ajit Sanghvi is an acknowledged expert in the field of “Technical Analysis” and identifying market turning points. He is a guest faculty at various leading training and management institutes like UTI Institute of Capital Markets, National Insurance Academy, All-India Management Association and Sydenham College. He was frequently interviewed by leading business publications and news channels like Economic Times, Business India, CNBC and BBC for his expert opinion on the financial markets.
The Directors are also well-versed in international finance and the operations of global stock markets. They have visited various international stock exchanges like the New York Stock Exchange, London Stock Exchange, Singapore Stock Exchange, Zurich Stock Exchange, Sydney Stock Exchange and Melbourne Stock Exchange.
I have done my Masters in Commerce and am an All-India rank holder Chartered Accountant. I am also keenly interested in Technical Analysis of stocks and am a visiting faculty at various capital markets and management training institutes like UTI Institute of Capital Markets, Sydenham College, BSE Training Institute, Jawaharlal Nehru Institute of Development Banking, and National Insurance Academy.
I am a holder of a Bachelor's degree in Law and in Commerce, and a qualified Chartered Accountant. I have extensive experience in stock-broking and together with my husband, Ajit manage our stock brokerage company - MSS Securities Private Limited. MSS is a member of the Stock Exchange, Mumbai, India's premier stock exchange. Our clients include large institutional investors like mutual funds, insurance companies, financial institutions, banks and corporate houses.
|Organisation and Infrastructure|
|The company uses a flat organisation structure. The management is assisted by a team of well-qualified staff for the day-to-day business activities of the company. All the key employees have sound experience in stock-broking.|
MSSPL’s office is situated in the heart of Mumbai’s central business district. It has offices in the Stock Exchange, Mumbai building. The company has a LAN network with over 8 computers and 4 printers which is supported by the latest software. The company uses the Windows NT operating system. The company has eight telephone lines, two fax machines and modems. MSSPL also has a well-stocked library of books on investment management, identifying market turning points, market psychology and strategies of world famous investors like Warren Buffet etc.
|Stock-broking is essentially a relationship business. The company has since inception concentrated its efforts on developing strong relationships with all major investors in India.|
The main focus of the company is on institutional stock-broking. MSSPL has developed close business relationships with most of India’s large investors and is empanelled with all major institutional investors like UTI (India’s largest mutual fund), LIC (India’s largest life insurance company), GIC ( India’s largest general insurance company) and various banks and other institutions.
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