Mefcom Capital on fast track to achieve high growth

Mefcom Capital Markets Ltd has announced about the developments taking place in the Company.

To create value for the shareholders and to achieve high growth, the management is taking a lot many steps in every area of its business. The Company has appointed experienced employees at every level of business and is in the process of hiring skilled professionals to head its activities in the areas of Mergers & Acquisitions, project funding and private equity.

The Company, through its two subsidiaries - Mefcom Securities Ltd & Mefcom Commodity Brokers Ltd. - is a member of all the major stocks and commodity exchanges in the country like BSE, NSE, DSE, MCX, NMCE and DGCX in Dubai. The Company is expanding its existing network of branches / sub brokers and has plans to open its branch offices and franchisees centers in over 100 locations spread all over India.

The Company is a Category I Merchant Banker duly approved by SEBI. It enjoys an excellent brand image as North India's No. 1 Private Sector Merchant Banker having managed over 200 Public / Rights Issues till date. The Company is planning to work more aggressively in its Merchant Banking activities. It has already bagged major assignments like demutualization of Delhi Stock Exchange as well as Jaipur Stock Exchange and which it has just successfully completed. It has a number of other Merchant Banking assignments on hand and is expected to come out with many good proposals in the short run.

The Company has also received licence from SEBI for Portfolio Management and has launched its Portfolio Management Services w.e.f. 15th August - the Independence Day for which it has received very good response from its existing clients. The Company is targeting to mobilise an amount of Rs 100 crores under its Portfolio Management Schemes in the next 12 months.

Chairman & Managing Director of the Company Mr. Vijay Mehta says "we believe that financial service industry has better growth potential now in India and I am confident that we have all the potential to place our company among the leading companies of India in the financial services industry".

Source : Equity Bulls

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