PROFILPELAJAR.COM

StockHolding Corporation of India Limited
Company type	Public sector undertaking
Industry	Stock market & Financial services
Founded	1986, Mumbai
Headquarters	Mumbai, Maharashtra, India
Area served	Custodial Services; Depository Services; E-stamping
Key people	Shri Manoj Mittal (Non Executive Chairman) ; Shri Manoj Parida (COO) (Chief Operating Officer) ; Shri Vinay E. Purohit (Chief Financial Officer) ; Shri Shashikant L. Nayak (Company Secretary)
Services	Depository participant; Stockbroker; Derivatives; Mutual funds; Demat account; E-stamping
Website	www.stockholding.com

Stock Holding Corporation of India Limited (SHCIL) is an Indian custodian and depository participant, based in Navi Mumbai, Maharashtra.^[2] SHCIL was established in 1986 as a public limited company and is a subsidiary of IFCI. StockHolding became a subsidiary of IFCI Limited on April 7, 2015, which is a Government Company. Being a subsidiary of a Government Company, StockHolding and its subsidiaries are also Government Companies. It is also responsible for e-stamping system around India. It is also authorised by Reserve Bank of India as Agency Bank to distribute and receive Govt. of India savings/relief bond 2003 along with nationalized banks.^[1]

Corporate structure

The Stock Holding Corporation has three subsidiaries:^[3]

Stockholding Services Ltd (stock brokering services)
StockHolding Document Management Services Limited (provides end-to-end document storage and digitization services)
StockHolding Securities IFSC Limited (A SEBI registered intermediary operating out of GIFT IFSC, Gandhinagar, Gujarat, and catering to Eligible Foreign Investors (EFIs), FPIs and NRIs from FATF compliant jurisdictions as of now)

Operations

Domestic presence

SHCIL has over 200 branches and in 141 cities around India.

GIFT IFSC presence

SHCIL's subsidiary, StockHolding Securities IFSC Limited, is operating out of India's first International Financial Services Centre at GIFT City, Gandhinagar, Gujarat, catering to EFIs (Eligible Foreign Investors), FPIs & NRIs from FATF compliant jurisdictions as of now.^[4]^[when?]

E-Stamping

The main e-stamping facility was opened on 3 July 2008 in New Delhi, India and was inaugurated by Chief Minister Sheila Dikshit. The goal of the e-stamp was to "prevent paper and process-related fraudulent practices" according to the SHICL chairman and managing director at that time, RC Razdan. It implemented the e-stamping facility in five cities of Gujarat – Ahmedabad, Gandhinagar, Surat, Rajkot and Baroda – as well as Bangalore, in March 2008.

Products and services

Stock Holding offers numerous financial services along three main branches: personal, corporate and custodial services.

Personal services

Some of the personal services they offer include:

Demat Account
Insurance
Mutual Funds
NPS (Retirement)
GOI Bonds (Government of India)
IPOs

GoldRush

A platform that allows users to buy gold online and is one of the only two ways to do so in India.^[5]

Corporate services

Demat services for business
CSGL services (government bonds)
Trading accounts
NPS accounts
Bullion (gold and silver)

Custodial services

Custodial services include any safekeeping, administration, transaction and further activities done on behalf of a company by its custodian, and include: