Action Financial Services (India) came into existence as a registered public limited company on 1st October, 1992 in the state of Maharshtra. The company undertakes financial counseling, broking, merchant banking and depository participant activities.
It is managed by a board of directors comprising of well-qualified professionals, with a vast experience in the field of economy, finance, commerce, corporate law and administrative affairs. Action’s key personnel have a rich and in-depth experience in the field of broking and depository.
a) Stock Broking Services
As a corporate member of the Bombay Stock Exchange, National Stock Exchange and Bangalore Stock Exchange, Action renders broking services to various Financial Institutions, Mutual Funds, Corporate and Retail Investors.
Action has various mutual funds like Bank of India MF, Indbank MF, SBI MF and financial institutions like IDBI, UTI, LIC etc. It is also in a process to have more mutual funds and institutional clients in its portfolio. To serve retail investors with full transparency Action has expanded its trading facilities in different parts of India by opening 11 terminals of BSE and NSE.
b) Depository Participant
Action, being a broker, was eligible to enter into depository services as a depository participant. It was one of the first brokers to get the registration with SEBI as a depository participant of NSDL in February, 1997.
At present Action has substantial number of accounts from 10 branches all over India. The better service standards, competitive and unique rate structure makes it the most preferred one. It has introduced the Tele Depository Services in a move to provide the very best to the depository accountholders.
This service ensures that security banking with the company is a convenient and enjoyable experience.
Action Financial Services offers the following:
The board of directors of Action Financial Services India, at its meeting held on April 11, 2009, decided to allot 3,60,000 equity shares of Rs 10 each at a premium of Rs 9.25 per share, pursuant to the conversion of 3,60,000 Convertible Warrants issued to the promoters.