Ashika Company

Ashika Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Ashika Stock Broking Ltd. was established on August 12, 1994, by Pawan Jain, FCA. The company has since evolved into a prominent player in the Indian financial services sector, providing a range of brokerage and advisory services.

Parent Company/Ownership Structure

Ashika Stock Broking Ltd. operates as a private limited company, part of the broader Ashika Group, which includes various subsidiaries engaged in financial services, including equity and commodity trading.

Headquarters Location

The company's headquarters is located in Kolkata, West Bengal, India. This strategic location allows Ashika to be well-positioned within one of India's major financial hubs.

Global Business Scope

While primarily focused on the Indian market, Ashika Stock Broking Ltd. also provides services related to international trading, allowing clients to access global markets through various financial instruments.

Main Regulatory Bodies

Ashika is regulated by several key financial authorities, including:

• Securities and Exchange Board of India (SEBI)
• Bombay Stock Exchange (BSE)
• National Stock Exchange (NSE)

These regulatory bodies ensure that Ashika adheres to the necessary compliance and operational standards within the financial industry.

Back to Top

2. Company History and Development

Key Milestones

• 1994: Ashika Stock Broking Ltd. is founded, marking its entry into the financial services sector.
• 2003: The company expands its services to include commodities and derivatives trading.
• 2010: Ashika enhances its digital presence by launching its online trading platform, catering to the growing demand for digital trading solutions.

Business Expansion Journey

Over the years, Ashika has continuously expanded its service offerings and geographic reach. The establishment of branch offices across India has enabled the company to serve a broader customer base.

Customer Base Growth

Currently, Ashika Stock Broking Ltd. boasts over 19,000 active clients, reflecting its successful outreach and service delivery in the competitive brokerage landscape.

Platform Development History

Ashika has invested significantly in technology to enhance its trading platforms. The introduction of mobile and web trading applications has made trading more accessible for clients, enabling real-time trading and portfolio management.

Important Awards or Recognitions Received

While specific awards may not be widely publicized, Ashika has received recognition for its customer service and innovative trading solutions in industry forums and from financial publications.

Back to Top

3. Trading Services Offered

Forex Trading Options

Ashika offers a range of forex trading options, allowing clients to trade multiple currency pairs. The exact number of currency pairs varies, but it typically includes major currencies such as USD, EUR, GBP, and JPY, providing clients with ample trading opportunities.

Stock Trading Options

Clients can engage in equity delivery trading, intraday trading, and futures and options trading. Ashika charges a competitive brokerage fee of 0.05% for equity delivery and a flat fee of Rs. 5 per lot for equity options.

CFD Trading Products

While specific information on Contracts for Difference (CFDs) is limited, Ashika primarily focuses on equity and commodity trading rather than CFD products.

Other Financial Instruments

In addition to stocks and forex, Ashika provides access to commodities trading, allowing clients to trade in various assets such as gold, silver, and agricultural products. However, cryptocurrency trading is not currently offered.

Special Services or Unique Advantages

Ashika distinguishes itself through its customer service, offering dedicated support and a relationship manager for full-service clients. The company also provides research reports and stock tips, which can be beneficial for both novice and experienced traders.

Back to Top

4. Regulatory and Legal Background

Detailed Regulatory Information

Ashika is governed by several regulatory bodies, ensuring compliance with industry standards:

• Securities and Exchange Board of India (SEBI): Regulates the securities market in India.
• Bombay Stock Exchange (BSE): One of the oldest stock exchanges in Asia.
• National Stock Exchange (NSE): The largest stock exchange in India by trading volume.

Legal Entity Structure by Region

As a private limited company, Ashika operates under Indian corporate law. Its legal structure allows it to provide a range of financial services while adhering to the regulatory framework set forth by Indian authorities.

Client Fund Protection Measures

Ashika follows strict guidelines to protect client funds, including maintaining segregated accounts for client deposits and adhering to the capital adequacy norms established by SEBI.

Countries/Regions Served

Primarily focused on the Indian market, Ashika also facilitates international trading, allowing clients to access global markets indirectly.

Compliance History

Ashika maintains a solid compliance record, with a high percentage of resolved complaints reported to regulatory bodies. The company is committed to fair trading practices and transparency in its operations.

Back to Top

5. Competitive Landscape

3-5 Main Competitors

Ashika faces competition from several key players in the Indian brokerage industry, including:

1. Zerodha: Known for its discount brokerage model and innovative trading platforms.
2. ICICI Direct: A full-service broker with a wide range of financial products.
3. HDFC Securities: Offers extensive research and advisory services alongside trading.

Positioning in the Industry

Ashika positions itself as a full-service broker, catering to both retail and institutional clients. Its focus on customer service and advisory services helps it stand out in a crowded marketplace.

Market Differentiation Factors

• Customer Service: Ashika emphasizes personalized service with dedicated relationship managers.
• Research and Advisory: The company provides clients with valuable insights through stock tips and research reports.
• Technological Integration: Continuous investment in technology to enhance trading platforms and user experience.

Back to Top

In conclusion, Ashika Stock Broking Ltd. has established itself as a reputable player in the Indian financial services sector, offering a diverse range of trading services while maintaining a strong commitment to regulatory compliance and customer service. As the company continues to grow and adapt to market changes, it remains focused on providing value to its clients through innovative solutions and a robust trading platform.

For more detailed insights on Ashika Stock Broking Ltd. or to explore specific services, learn more here.