Company Overview

Ashika Global Securities Ltd. (formerly Ashika Credit Capital Limited) submitted an investor presentation for the quarter ended 30th June 2026 (Q1FY27) to BSE Limited pursuant to Regulation 30 of SEBI Listing Regulations. The document was signed by Anju Mundhra, Company Secretary & Compliance Officer (FCS 6686) on 1st August 2026.

Corporate Structure and Amalgamation

The company underwent a significant amalgamation in May 2026 that resulted in a 2.7x increase in consolidated net worth from ₹440 crore to ₹1,169 crore. This uplift funds the entire growth agenda without near-term equity dilution. The company operates as a diversified, research-driven financial services group with over 10 divisions.

Business Segments and Operations

Retail & HNI Broking

Operates a phygital ecosystem combining technology and human advisory across India's investor base. Maintains 14 operating branches across India with 7 more in pipeline. Offers Dhanush digital trading platform, currently migrating to Dhanush 2.0 as an integrated wealth ecosystem.

Institutional Equities

Led by CEO Rahul Arora with 25+ years experience. Serves 200+ institutional investors and empanelled with 100+ institutions including DIIs, FIIs, AIFs, PMS & Family Offices. Coverage universe expanding to 200+ stocks across sectors. Hosted May Investor Conference with 50+ corporates and 100+ institutional investors, and Virtual MD & CEO Day with 150+ institutional investors. Targets expanding empanelments from 100+ to 300+ institutions over 3-4 years.

Investment Banking & Merchant Banking

Operates ECM division with cross-synergies across Ashika Group verticals. Provides full investment banking and merchant banking services.

Alternative Investment Funds (AIF)

CAT II - Private Equity: Managed by Sarvesh Kanodia (15+ years experience, ex-J.P.Morgan) and Sougata Roy (16+ years experience, ex-J.P.Morgan).

CAT II - Private Credit: Close-ended fund targeting ₹2,000 crore (₹1,000 crore + ₹1,000 crore Green Shoe).

CAT III - Listed Equities: Open-ended investment fund performance shown as of 30th June 2026 (TWRR, pre-tax and post-expenses).

Global Family Office Services

Operates through Ashika Global Family Office Services Pvt Ltd as a registered research entity, driving synergeries across Ashika Group ecosystem while maintaining arms length and independence of research function. Note: Does not provide personalized investment advice.

NBFC Operations

Ashika Global Securities Ltd. is an RBI-registered Middle Layer NBFC-ICC managing proprietary capital across asset classes. Provides comprehensive investment and credit solutions to individuals, corporates and institutions across India as a non-deposit-taking NBFC with 30+ years experience.

Key Metrics and Targets

  • Client base: ~1.35 lakh clients
  • Assets under advice: ~₹23,400 crore
  • Channel partners: 920+
  • MTF target: >₹1,000 crore by FY29
  • Branch network: 14 operating branches, 7 in pipeline

Leadership Team

Board Members

  • Mr. Pawan Jain: Founder and Chairman, 35+ years experience, ICAI member, HBS alumnus
  • Mr. Daulat Jain: Founder and Managing Director, 30+ years experience, Chartered Accountant
  • Mr. Ajay Pratapray Shanghavi: Independent Director, 14+ years experience, Chartered Accountant
  • Mr. Supratim Bandyopadhyay: Independent Director, former PFRDA Chairman
  • Mr. Pravin Kutumbe: Independent Director, former LIC CFO & CIO
  • Ms. Pinki Kedia: Independent Director, Chartered Accountant, DISA & LLB
  • Mr. Amit Jain: Non-Executive Director, Chartered Accountant, 23+ years experience

Leadership Team

Includes Anju Mundhra (CS & Chief Compliance Officer, 20+ years experience), Arjun Mudda (Executive Director – Retail Equities, 20+ years), Arun Bhura (Managing Partner - Wealth, 25+ years), Asutosh Mishra (Fund Manager - AIF, 19+ years), Gaurav Jain (CFO, 10+ years), Ishita Jain (President – Ashika Stock Services Ltd.), Meenaa Sharma (CHRO), Niraj Sarawgi (Executive Director & CEO - Wealth, 20+ years), Sachin Bansode (CTO, 17+ years), and Yash Modi (Associate Director – Equities, 15+ years).

Investment Thesis

The presentation outlines six levers for long-term value creation: 1) Pure-play on India's financialization, 2) Scale already delivered through amalgamation, 3) Diversified fee and spread income, 4) Regulatory approvals in place (CAT II AIF, CAT III AIF, CAT I Merchant Banking, Middle-Layer NBFC, in-principle SEBI approval for Mutual Fund), 5) Large under-monetized client base, and 6) Pan-India branch expansion.

Financial Information

Consolidated financial highlights for Q1 FY27 are presented but specific numbers are not detailed in the provided text.