The company was incorporated as a Private Limited Company with the name of AJMERA FINANCIAL & PROJECT CONSULTANTS PRIVATE LIMITED on 19th December, 1986 with its Registered Office at 107, Vardhaman Chambers, Cawasji Patel Street, Fort, BOMBAY 400 001. The company was promoted with the major object of assisting the entrepreneurs in various projects and financial field. The company stands rechristened with a view to reflect the diversified business focus of the company into Capital market related services as AJCON CAPITAL MARKETS PRIVATE LIMITED with effect from 3rd May, 1994 by passing a special resolution under section 21 and further to a public limited company under the present name with effect from 16th May, 1994 by passing a special resolution under section 31 of Companies Act, 1956. The company is awaiting direction from Reserve Bank of India in connection with NBFC classification. The current business activities of the Company are : A. Consultancy in Projects and Loan Syndication Right since the inception in 1986, the company has been engaged in project consultancy and loan syndication. Brief details of the technology for the Project related activities are as under: 1) Project Identification - At the outset, a series of projects fulfilling client indicated criteria are identified and shortlisted jointly with the client for preparation of detailed project profile bringing out project specification and critical issues relating to the success of the project; 2) Market Research - Market survey of industrial and consumer products is carried out using tried out market research techniques, explaining the survey design to the client. Before formal commencement of the survey; the draft report is discussed thoroughly by a professional group before presentation to the client. 3) Project Report Presentation - Company's reports provide structural framework of technical, commercial and financial aspects which guides the client in working out his approach for implementation of the project; 4) Loan Syndication/Fund Arrangement - The next important activity involved is capital structuring that suits best both the promoter and the lenders/investors and later follow-up, liaisoning, co-ordination amongst various agencies, financial institutions/lenders to get the disbursement authorisation at the earliest. 5) Turnkey Projects - In the case of turnkey projects the activities right from selection of the project till project completion is carried out by the Company. The company has executed numerous assignments for small and medium size projects with most of them having been established successfully and running satisfactorily. Following is an indicative list of clients, representative of most major industries: Bhukbanvala Diamond Tools P Ltd : Diamond Tools Detco Textiles P Ltd : Textile (Process house) Dhakad Metals P Ltd : Zinc Sulphate Igatpuri Alloys (India) P Ltd : Aluminium alloys Jealous Fashionwear P Ltd : Denim garments Kaygaon Paper Mills Ltd : Paper Padma Rubber Products P Ltd : Rubber Products Santogen Exports Ltd : Terry Towels (100% E0U) Sonu Synthetics Ltd : Textile (weaving & spinning) Vera Pharma P Ltd : Pharmaceuticals B: Advisory services The Company is already engaged in this area and has rendered advisory services in the following fields:- 1) Management audit 2) Debt/Equity Research 3) Legal advisory services 4) Capital restructuring 5) Resources mobilisation 6) Working Capital management 7) Capital budgeting 8) Tax planning 9) Management services and SWOT analysis. Advisory services along with the other activities make it a one window service for various types of requirements of the long list of clients. C. Stock Broking and Security Trading The Company is registered with SEBI as a stock broker and has been from time to time investing surplus funds in shares and securities and plans to continue the same on which it expects a handsome return. The investment in shares and securities is based on strong fundamental analysis of the company. Brief details of the technology for the Investment/Security trading activities are as under: Firstly few good industries having good potentials are determined. Thereafter companies with strong fundamentals are selected and then the timing of purchase and sale of securities is ascertained in order to get the maximum return on investment in the shortest span of time. This is evident from the fact that the market value of securities as on 31.08.1994 was Rs.43,98,415 as against the cost of acquisition of Rs. 25,85,066 as shown in the Balance Sheet of the company reflecting a rise of more than 70%. 2010 - The Company has entered into a Tie-Up with Bank Of India for providing Online Trading Facility to Bank's customers through its Online Trading Portal.