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| Company type | Public sector undertaking |
|---|---|
| Industry | Stock market &Financial services |
| Founded | 1986,Mumbai |
| Headquarters | , |
Area served | Custodial Services Depository Services E-stamping |
Key people | Shri Atul Saxena (Managing Director & CEO) Shri Manoj Parida (COO) (Chief Operating Officer) |
| Services | Depository participant Stockbroker Derivatives Mutual funds Demat account E-stamping[1] |
| Website | www |
Stock Holding Corporation of India Limited (StockHolding) is an Indian custodian anddepository participant, based inMumbai,Maharashtra.[2] StockHolding was established in 1986 as apublic limited company and is a subsidiary ofIFCI. StockHolding became a subsidiary of IFCI Limited on April 7, 2015, which is a Government Company. Being a subsidiary of a Government Company, StockHolding and its subsidiaries are also Government Companies. It is also responsible for thee-Stamping system around India. It is authorized by the Reserve Bank of India as an Agency Bank to distribute and receive Govt. of India savings/relief bond 2003 along with nationalized banks.[1]
On November 22, 2024IFCI Limited approved the merger of Stockholding Corporation of India Limited withIFCI Limited, in accordance with the recommendation of the Ministry of Finance,Ministry of FinanceGovernment of India, as outlined in letter F.No.2/22/2016-IF-1 dated November 22, 2024. The National Stock Exchange (NSE) issued a letter (No. IFCI/CS/2024-788), and the Bombay Stock Exchange (BSE) issued a letter (No. IFCI/CS/2024-787) in this regard.
The Stock Holding Corporation has three subsidiaries:[3]
StockHolding has over 200 branches and in 141 cities around India.
StockHolding's subsidiary, StockHolding Securities IFSC Limited, is operating out of India's first International Financial Services Centre at GIFT City, Gandhinagar, Gujarat, catering to EFIs (Eligible Foreign Investors), FPIs & NRIs from FATF compliant jurisdictions as of now.[4][when?]
The maine-stamping facility was opened on 3 July 2008 in New Delhi, India and was inaugurated by Chief MinisterSheila Dikshit.The goal of the e-stamp was to "prevent paper and process-related fraudulent practices" according to the SHICL chairman and managing director at that time, RC Razdan.It implemented the e-stamping facility in five cities ofGujarat – Ahmedabad, Gandhinagar, Surat, Rajkot and Baroda – as well as Bangalore, in March 2008.
StockHolding offers numerous financial services along three main branches: personal, corporate and custodial services.
Some of the personal services they offer include:
A platform that allows users to buy gold online and is one of the only two ways to do so in India.[5]
Custodial services include any safekeeping, administration, transaction and further activities done on behalf of a company by its custodian, and include: