Shivranjani Securities Co. Pvt Ltd is a company promoted by Mr. Shivanand Salgaocar and Mr. Vijay Hede.
The company is the largest entity of distribution of financial products in the state of Goa. The company advises the clients for investments in mutual funds, PMS products, AIF (Alternative Investment Fund), Unlisted Equity through the vehicle of funds/ co-investments with the funds.
As per the distributor commission disclosure by AMFI the company broke into top 75 entities in the country for the distribution of mutual funds. The company received an award from Kotak AMC for being the independent Financial Advisor(IFA) with the largest Asset Under Management (AUM) in equity and debt mutual funds in the country.
Shivranjani Securities Pvt Ltd the largest mutual fund distributors in Goa with AUM exceeding Rs. 1,660 crores , with equity related investments exceeding Rs.620 crores. The company is among the top distributors for the large Asset Management companies, including Reliance AMC (Platinum Category), ABSL AMC (Diamond Category), ICICI Prudential AMC (Solitaire Partner).
The key performance figures of the company for the last 3 financial years are as under (Figures in Rupees Lakhs):
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Particulars
31.03.2017
31.03.2018
31.03.2019
Income
476
1198
955
Profit Before Tax
338
1000
707
Profit After Tax
228
719
510
Shivranjani Securities Co. Pvt Ltd has also gained a reputation for its ethics of not churning the Mutual Fund portfolios, not actively promoting NFO’s, not selling products solely for the generation of brokerage and not comparing funds on the basis of 15 day and one month returns.