SKUNG Company

Skung Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Skung Company, specifically Skung Tradelink, was founded in 2010 by Nimish Somani Kumar. The company was established with the vision of providing comprehensive trading services to clients in India, focusing on both retail and institutional investors.

Parent Company/Owership Structure

Skung Tradelink operates as a public company, which allows it to raise capital through public shareholders. This structure provides a level of transparency and accountability, as it is subject to regulatory oversight in the financial markets.

Headquarters Location

The headquarters of Skung Tradelink is located in Kanpur, Uttar Pradesh, India. This strategic location allows the company to tap into a growing market of investors and traders in one of Indias major industrial cities.

Global Business Scope

While primarily focused on the Indian market, Skung Company aims to expand its services to international clients in the future. Currently, it offers a variety of trading options that cater to both domestic and international investors.

Main Regulatory Bodies

Skung Tradelink is regulated by several key bodies in India, including:

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

These regulatory bodies ensure that the company adheres to the legal and ethical standards required for trading and investment services.

Back to Top

2. Company History and Development

Key Milestones

Since its inception in 2010, Skung Tradelink has achieved several key milestones, including:

• Launching its online trading platform in 2012, which significantly improved accessibility for retail investors.
• Expanding its service offerings to include forex and commodity trading in 2015.
• Reaching a client base of over 100,000 active traders by 2020.

Business Expansion Journey

The company has consistently focused on expanding its service offerings and geographic reach. Initially starting with equity trading, Skung Tradelink gradually added forex, commodities, and derivatives to its portfolio, responding to market demand and evolving investor preferences.

Customer Base Growth

Skung Tradelink has seen substantial growth in its customer base, driven by its competitive pricing and user-friendly technology. The company has attracted both novice and experienced traders, contributing to its reputation as a reliable broker in India.

Platform Development History

The development of Skung Tradelink's trading platform has been a critical aspect of its growth strategy. The platform has undergone multiple upgrades to enhance user experience, including the addition of advanced charting tools, real-time data analytics, and mobile trading capabilities.

Important Awards or Recognitions Received

Skung Tradelink has received several awards for excellence in customer service and innovation in trading technology. These accolades have reinforced its position as a trusted broker in the Indian financial market.

Back to Top

3. Trading Services Offered

Forex Trading Options

Skung Tradelink provides a robust forex trading platform, offering a range of currency pairs for trading. The company supports major, minor, and exotic currency pairs, catering to diverse trading strategies.

Stock Trading Options

The company offers a comprehensive suite of stock trading options, including:

• Equity delivery
• Intraday trading
• Equity futures and options

These services enable traders to engage in various strategies, from long-term investments to short-term speculative trades.

CFD Trading Products

Skung Tradelink also offers Contracts for Difference (CFDs), allowing traders to speculate on price movements without owning the underlying asset. This service provides additional flexibility for investors looking to diversify their trading strategies.

Other Financial Instruments

In addition to forex and stock trading, Skung Tradelink provides access to other financial instruments, including:

• Commodities such as gold, silver, and oil.
• Cryptocurrencies, allowing traders to engage in the rapidly growing digital asset market.

Special Services or Unique Advantages

One of the unique advantages of Skung Tradelink is its commitment to customer education. The company provides various resources, including webinars, tutorials, and market analysis, to help traders make informed decisions.

Back to Top

4. Regulatory and Legal Background

Detailed Regulatory Information

Skung Tradelink is subject to comprehensive regulatory oversight from multiple bodies, including:

• SEBI
• NSE
• BSE

These organizations ensure that Skung Tradelink complies with legal requirements and maintains fair trading practices.

Legal Entity Structure by Region

The company operates primarily in India and is registered as a public limited company. Its legal structure allows for compliance with national regulations while pursuing expansion opportunities.

Client Fund Protection Measures

To protect client funds, Skung Tradelink employs various measures, including:

• Segregation of client funds from company assets.
• Participation in investor protection schemes as mandated by SEBI.

Countries/Regions Served

While Skung Tradelink primarily serves clients in India, it is positioned to expand its offerings to international markets in the future, potentially attracting foreign investors.

Compliance History

Skung Tradelink has maintained a clean compliance record, with no significant regulatory breaches reported. This history enhances its credibility and trustworthiness in the financial markets.

Back to Top

5. Competitive Landscape

3-5 Main Competitors

Skung Tradelink faces competition from several key players in the Indian brokerage market, including:

• Way2Wealth
• Zerodha
• ICICI Direct
• HDFC Securities

Positioning in the Industry

Skung Tradelink positions itself as a full-service broker, offering a wide range of trading options and personalized customer service. This strategy differentiates it from discount brokers that primarily focus on low-cost trading.

Market Differentiation Factors

The company differentiates itself through:

• Comprehensive educational resources for traders.
• A user-friendly trading platform with advanced tools.
• A commitment to customer service, including dedicated relationship managers.

By focusing on these areas, Skung Tradelink aims to build a loyal customer base and enhance its market presence.

Back to Top

In conclusion, Skung Company, through its subsidiary Skung Tradelink, has established a strong presence in the Indian brokerage market since its inception in 2010. With a focus on customer service, technological innovation, and regulatory compliance, the company is well-positioned for future growth and expansion.

For more detailed insights into Skung Tradelink's services, regulatory background, and competitive positioning, learn more.