Parsoli Corporation is a public limited company listed on the Bombay Stock Exchange Ltd. Some of the large shareholders of Parsoli Corporation are the large financial institutions/investment Bankers of Europe and Middle East such as Baader Wertpapierhandels bank AG from Germany and Gulf Investment Services (S.A.O.G) from Oman.
Parsoli Corporation is approved by the Reserve Bank of India to carry on business of non banking financial company (without accepting public deposits). Parsoli is also a corporate member of the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd., providing Stock Broking and Stock Advisory services to its clients. It is also a Depository Participant (DP) with the Central Depository Services (India) Ltd. providing depository services to its clients.
The business of the company has grown in leaps and bounds since its inception. Revenue of the company grew 15 times from FY03 to FY07. During the same period, profits of the company grew 146 times.
The Parsoli Islamic Equity (PIE) Index was created for people who wish to invest according to Islamic investment guidelines. The index track Shari’ah compliant stocks from listed equities on the Indian Stock Exchanges.
India has the second largest Muslim population in the world. In India, the Islamic Investment is gathering pace as Muslims in the country are becoming more vocal in their demands for greater self-expression. The Indian Stock Market has come a long way. The Securities Exchange Board of India (SEBI) is gearing up the Indian Capital Market towards Globalization through international standards and norms being implemented by it. Today the Indian Markets are comparable to any leading markets of the World.
Hence there is a great potential in India itself. Even if a small percentage of this population can be persuaded to invest in the equities, the amount of money that can be brought into the system could be enormous.
Keeping in view the fact the company has positioned itself among
The services offered by the company include:
Parsoli Commodities Limited is the subsidiary of the company.