IKAB SECURITIES & INVESTMENT LIMITED, a listed public limited company, was originally incorporated on 17th January 1991 under the name of Kankani Textile Industries Ltd. It subsequently changed its name to Hindustan Sanforisers Limited on 19th November 1993 and later to Ikab Securities & Investment Limited on 18th June 1998.
The Company is a Non-Banking Financial Company (NBFC), registered with Reserve Bank of India as a NBFC -Non Deposit taking-Non-Systemically Important (‘NBFC-ND-SI') vide registration certificate No: 13.00690 dated 20.04.1998. The Company has been in the business of providing financial services.
The company’s registered office is situated at 11th Floor, Express Towers Nariman Point Mumbai – 400 021, Maharashtra.
During the year 2021-22, there was change in the Management of the Company. Pursuant to the SEBI ((Substantial Acquisitions of Shares and Takeover) Regulations), 2011, Mr. Madhusudan Kela (Acquirer) acquired 83.66% of the Paid up Equity Share Capital of the Company from Promoters/ Promoters’ Group and Others through Open offer and Share Purchase Agreements and consequently, the erstwhile promoters Mr. Indra Kumar Bagri & Others ceased to be the Promoters.
Brief Profile of the new Promoter:
Madhusudan Kela (Madhu), is one of the most eminent and seasoned investors in the Indian Capital Markets. In a long and highly successful career spanning three decades, Madhu has received several prestigious accolades for his investing acumen - including the Best Equity Fund Manager from the Prime Minister of India.
Madhu is the founder of Invexa Capital, an India focused boutique investment vehicle set up as a Portfolio Management Service provider. Prior to starting Invexa Capital, Madhu, in his earlier stint at Reliance Group, he has built and led a team of over 40 investment professionals to create and manage the India's largest Asset Management Company by Total AUM.
Madhu is one of the most prominent voices in Indian Equities. He is an important invitee to strategic industry forums, leadership media panels and policy think tanks, and known for candidly sharing his views on a host of macro, policy, thematic and investment related events. He is also a part of the Investment Committee at SIDBI, a member on the Boards of various companies - including Aptech Ltd and Reliance Securities.
Ikab Securities & Investments Ltd.
Express Towers, Ramnath Goenka Marg, Nariman Point, Mumbai, Maharashtra 400021, India
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