Master Trust Limited was incorporated as a Private Limited Company under the name and style of Arora financial Consultants Private Limited on 20.08.1985 with Registrar of Companies, Punjab, H.P and Chandigarh at Jalandhar. The name and status of the company was changed to master Trust Limited on 30th March, 1992 and the Company got the fresh certificate of incorporation. The matter regarding change of name from Master Trust Limited to Prime Trust Limited is pending with Department of Company affairs. The original promoter of the company was Sh.Harjeet Singh Arora. In the year 1992 Sh. R.K.Singhania joined as director and co-promoter. At present Harjit Singh Arora and Mr.R.K.Singhania may be deemed to be promoters of the company. They are professionally qualified assisted by a team of young executives having experience in their respective fields. There has been no change in management of the company since incorporation except Mr. R.K.Singhania joining as Co-Promoter in the year 1992. The company is established with the main objects to provide the corporate services and dealing in shares and securities. the company is actively involved in Merchant banking activities since inception and has provided the Merchant Banking services / corporate services to various group viz. Punjab Alkalies & Chemicals Ltd., Punjab Chemicals and Pharmaceuticals Ltd., Punjab Communications Ltd., Vardhman Group of Companies, Thapar Ispat Group of Companies jindal Strips Limited, Prakash Industries Limited, Surya Roshni Limited Oswal Agro Group of Companies,, Varinder Agro Group of Companies, Arihant Group of Companies,, dhillon group of Companies, Shreyans Paper Mills Limited, Organic chem Oils Limited, Vallabh Steel Ltd, Samana Steel Ltd, Ritesh Group of Companies, Alpha Drugs Ltd,., Tokyo Plast International ltd., Herman Milk Foods Ltd., Century Sheet metals ltd., Vee kay Fibres ltd., Telephone Cables Ltd. etc. With the introduction of Securities and Exchange Board of India (SEBI), the company has been accorded Category - I Merchant banker status w.e.f 01.02.1993 by SEBI. Since then, the company has been engaged in the merchant banking Activities which includes management of public issues / right issues in the capacity of lead managers / C0-managers/ Advisors and to underwriting the issues. SUBSIDIARIES OF THE COMPANY The Company has subsidiary in the name of Master Capital Services (P) Ltd. to carry out the activities of Stock broking and other financial services. This company was incorporated on 25.04.1994 and has a paid up capital of Rs.101.40 Lacs As on 31.08.94. 2008 -Registered Office of the Company has been shifted From Village Gobindgarh, Malout Road, Abohar, (Pb) To Master Chambers, S.C.O. 19, 3rd Floor, Feroze Gandhi Market, Ludhiana-141001(Pb). 2011 -Master Trust has proposed dividend @ 10% 2013 - The company has recommended a final dividend of Rs. 1/- per Equity Shares of Rs. 10/- each (10%) . 2014 - The Company has purchased 12,500 Equity Shares of H.A. Share and Stock Brokers Limited, bearing face value Rs. 100 each at Rs. 800 per share (including share premium of Rs. 700 per share). The company has paid total consideration of Rs 1 crore including Rs 87,50,000 as share premium, added the filing. 2024 -The Company has splits its face value from Rs. 5/- to Rs. 1/-.