Ajcon Global Service Ltd: A One-Stop Shop for all Financial Services

Founded in 1986, Ajcon Global Service Ltd (AJCON)  has been providing various financial services over last thirty three years. Initially, the company was established with the objective of consulting entrepreneurs and established Companies in new projects and raising financial resources.

The company has headquarters in Mumbai and has Pan India presence through online equity trading Platform www.pyarapaisa.com and has its representatives in all major cities in India. AJCON is a member of National Stock Exchange and Bombay Stock Exchange for cash & F&O, Currency and Commodity Broking. It is also a depository participant of CDSL,SEBI Registered Category I Merchant Bankers, SEBI Registered Equity Research Entity and BSE/NSE Registered Market Makers.In1994, the company came out with an IPO which was oversubscribed by almost 25 times. The company has been around for more than three decades now and has seen some significant growth in recent years as well.

Extensive Range of Services

The company has a professional Board comprising of 4 Independent Directors and a strong team of professionals having expertise in various financial solutions and capital markets serving Pan India clientele. It offers a spectrum of services which include Stock Broking, Commodity & Currency Broking, Depository Services, Project Consultancy, Equity Research, Loan Syndication, Turnkey Projects, Corporate Advisory Services,Merchant Banking & Investment Banking.

The Company has served more than 250 small, medium and large Corporates for their varied financial needs including loan syndication, capital structuring, debt recast & restructuring, private equity, the IPO advisory and IPO management etc. Ajcon’s clientele include, leading Insurance Companies, Banks & mutual funds, medium and small enterprises and so on. . It shows that AJCON is one of the most promising financial services provides.

An Ardent Trailblazer

Dr. Ashok Ajmera is the Founder and CEO of the Ajcon Global Service Ltd. He is a Chartered Accountant by qualification and holds Hon. Doctorate in financial management from a South Korean University. He has vast experience of over 40 years in the field of project financing and Corporate Advisory Services. He is also a renowned Capital Market Expert and a Sr. Equity Research personality who has given more than 2500 interviews in leading news channels on the matters related to Capital Markets and economy.

Mr. Ajmera was also appointed as the Special Executive Magistrate by the Government of Maharashtra. Apart from this, he has served as committee member of the National Stock Exchange, ICAI-WIRC, Board Member of BSE Brokers Forum, Canara Bank Securities Ltd., and Jito Incubation & Innovation Fund. His able leadership, dexterity, and Industry know-how helped the company to reach at the top position in the industry.

Assisting Mr Ajmera in the business are both his sons, the Executive Directors Ankit & Anuj.While Ankit, who is an MBA from U.K. oversees the entire Capital Market Operations, Anuj takes care of entire Business Development, new initiative and IT services.

Accolades and Recognitions

Ajcon Global has won several prestigious awards which include:

  • ‘Excellence in Corporate Advisor Award’ by the Institute of Economic Studies
  • ‘Best Brand Award for 2017’ by ET Edge.
  • ‘International Excellence Award’ by IES
  • ‘25 years of successful operations Award’ by NSE

Apart from this, it has been awarded and recognised by esteemed institutes of the industry in the past couple of years.

Initial Challenges and Hurdles

In the first few years of business, every entrepreneur encounters some struggles and challenges. For AGSL, as the project finance consultant from 1986 to 1994, it was a challenging period to establish the name amongst the banks and financial institutions. In the industry like financial services it is tough to build a great reputation.

In 1994 the company ventured into capital markets taking membership of NSE and also SEBI Registration for Merchant Banking. Apart from this, the MS shoes scam and dotcom burst times were also difficult for all the industries. During that time, to meet part of the resources, the company brought its aforementioned maiden Public Issue, and was oversubscribed.

Success Mantra

AGSL follows the below mantras to ascend the ladder of success.

  • “Satisfaction of its customers or clients” is the main motto of the company. A customer is the king. Think from their viewpoint to delight them and win their trust.
  • “Either find a way or make a new one”
  • “Provide the best solution to a financial problem by using intellect.”

Advice for the Budding Entrepreneurs

Mr. Ajmera’s piece of advice for aspiring and budding entrepreneurs, which is “There is no short cut to success, but the ladder of success is never crowded at the top.”

Beholding the Future

Ajcon Global has a strong vision and has set some future goals to achieve. It aims to be the top ten financial solution providers by engaging and retaining the talent pool. For the broking and wealth management business, it has a goal to create more return to its client through a strong research base. In the next five years the company will achieve the exponential growth.

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