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Inventure Growth and Securities > Company History > Finance - Investments > Company History of Inventure Growth and Securities - BSE: 533506, NSE: INVENTURE
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Inventure Growth and Securities
BSE: 533506|NSE: INVENTURE|ISIN: INE878H01016|SECTOR: Finance - Investments
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Company History - Inventure Growth and Securities
Our  Company  was  incorporated  on  June  22,  1995,  as  Inventure 
 Growth  &  Securities  Limited  under  the Companies  Act,  1956, 
 with  Registration  Number  11-89838  of  1995  and  Corporate 
 Identification  Number  is U65990MH1995PLC089838. Our Company
 received its certificate for commencement of business on September 4,
 1995.  
 
 Today, our Company, along with its Subsidiaries, Provides a host of
 services under one umbrella, to our diversified client base, which
 includes institutional clients, high net worth individuals and retail
 investors. Our Company has been directly providing equity broking and
 depository services to our clients.
 
 We provide several other services through our subsidiaries the
 details of which are as under:
 
 Subsidiaries
 
 Inventure Insurance Broking Private Limited
 
 Inventure Wealth Mangement Limited
 
 Inventure Finance Private Limited
 
 Inventure Commodities Limited
 
 
 Services 
 
 Corporate agency servives in connection with it's Insurance
 business.
 
 Wealth management services to individuals, firms, associations,
 institutions and bodies corporate.
 
 Managing investment and to act as brokers, commission agents.
 
 Commodity broking and arbitrage services in all commidities across
 exchanges.
 
 Our evolution  
  
 The evolution of our Company can be traced through the following
 phases:  
  
 In  the  year  1996,  our Company,  started  as  a  stock  broking 
 company  by  getting  itself  registered  as  a Multiple Member of
 the Bombay Stock Exchange, for carrying on the activities of buying,
 selling or dealing in securities.  
  
 Thereafter, to expand the scope and breadth of operations and areas
 of services our Company: 
 
  
 -  In March 1996, became a registered Dealer of OTC Exchange of
 India,  for carrying on the activities of buying, selling or dealing
 in securities 
 
 -  In May 1999, got registered as a depository participant with CDSL
 
 
 -  In August 2000, became a stock broking company of National Stock
 Exchange by getting registered as a Multiple Member  of  the National
  Stock Exchange,  for  carrying  on  the  activities  of  buying, 
 selling  or dealing in securities  
 
 -  In  September  2000,  got  registered  as  a  trading member  of 
 the  Bombay  Stock  Exchange, Derivatives Segment for carrying on
 activities of dealing in derivatives  
 
 -  In  September  2000,  got  registered  as  trading  member  of 
 the  National  Stock  Exchange,  Derivatives Segment for carrying on
 activities of dealing in derivatives  
 
 -  In  September  2008,  got  registered  as  a  trading  member  of 
 the  Bombay  Stock  Exchange,  Currency Derivatives Segment for
 carrying on activities of dealing in currency derivatives  
 
 -  In September 2008, got registered as a  trading member of the MCX
 Stock Exchange Limited, Currency Derivatives Segment for carrying on
 activities of dealing in currency derivatives  
 
 -  In September 2008, got registered as a clearing member of the MCX
 Stock Exchange Limited, Currency Derivatives Segment for carrying on
 activities of clearing and settlement of currency derivatives trades
 
 
 -  In  November  2008,  got  registered  as  a  trading  member  of 
 the  National  Stock  Exchange,  Currency Derivatives Segment for
 carrying on activities of dealing in currency derivatives  
 
 -  In  November  2008,  got  registered  as  a  clearing  member  of 
 the  National  Stock  Exchange,  Currency Derivatives Segment for
 carrying on activities of clearing and settlement of currency
 derivatives trades  
 
 -  In  March  2009,  got  registered  as  a  clearing  member  of 
 the  National  Stock  Exchange,  Derivatives Segment for carrying on
 activities of clearing and settlement of derivatives trades  
 
 -  In September 2009, got  registered  as  a  trading member of  the
 Bombay Stock Exchange, Debt Market Segment  
 
 Apart  from  stock  broking  and  depository  services  our  Company 
 provides  other  financial  services  such  as commodity  broking, 
 Non-Banking  Financial  Services,  Wealth  Management  and  insurance
  advisory  services, through its subsidiaries.  
 
  
 Inventure Commodities Limited 
  
 In August 2008 our Company  acquired 99.99%  equity  shareholding of 
 ICL.  ICL  is  a  registered Trading - Cum - Clearing Member  of MCX,
 NCDEX, NMCE  and NSEL.  ICL  provides  commodity  broking  activities
  and  also undertakes arbitrage in all commodities across exchanges. 
 
  
 Inventure Wealth Management Limited 
  
 In June 2008 Inventure Wealth Management Limited was incorporated as
 a subsidiary of our Company. IWML is enrolled  as  an  AMFI 
 Registered Mutual  Fund  Advisor  and  deals  into  managing  wealth 
 of  HNIs,  investment advisory  services,  financial  planning, 
 structured products, debt products,  fixed  deposits distribution 
 and mutual funds distribution.   
  
 In  March  2009,  Inventure  Insurance  Broking  Private  Limited 
 became  a  subsidiary  of  Inventure  Wealth Management Limited.
 IIBPL has a team of IRDA certified advisors who cater to the varied
 needs of customers in both life and general insurance space offered
 by major insurance companies in India. Further IIBPL has made an
 application  dated November  24,  2009,  to  the  Insurance 
 Regulatory  and Development Authority  (IRDA)  for 
 registration  as  a  composite  broker,  which  will  enable  it  to 
 distribute  products  and  services  of  life  insurance companies,
 non-life insurance companies and re-insurance businesses. 
  
 Inventure Finance Private Limited  
  
 In November 2007 our Company acquired IFPL pursuant to a memorandum
 of understanding by and between Mr. Rasik Tokershi Gala  and Mr.
 Manilal Khimji Karani,  the  sellers; and Mr. Nagji K. Rita  and Mr.
 Kanji B. Rita representing our Company. IFPL is registered with the
 RBI as non-banking financial institution, without accepting public 
 deposits.  To  enable  clients  to  take  greater  participation  in 
 different  segments  of  capital  market,  IFPL provides loans against
 shares to clients.  
 
 
  
 Major Events:  
  
 Year   Milestone Event 
 
 1996  
 
 Registration as a Trading Member of BSE 
 
 Registration as a Dealer of OTC Exchange of India 
 
 1999  
 
 Registration as a Depository Participant with CDSL 
 
 2000  
 
 Registration as a Trading Member of NSE Capital Market as well as
 Future and Option Segment. 
 
 Registration as a Trading Member of Bombay Stock Exchange,
 Derivatives Segment  
 
 2004  
 
 Registration as a Self-Clearing Member of NSE Future and Option
 Segment 
 
 2007
 
 Crossed 25,000 registered clients  
 
 Acquired IFPL 
 
 2008
 
 Ventured into Wealth Management by incorporating a subsidiary in the
 name and style of IWML 
 Incorporated subsidiary - IIBPL 
 
 Registration as a Trading Member of BSE in Currency Derivative
 Segment 
 
 Registration as a Trading Member of MCX Stock Exchange in Currency
 Derivative Segment 
 
 Registration as a Clearing Member of MCX Stock Exchange in Currency
 Derivative Segment 
 
 Registration  as  a Trading Member & Clearing Member of National
 Stock Exchange  of  India Ltd.  in 
 Currency Derivative Segment 
 
 Acquired ICL 
 
 2009
 
 Registration as a Clearing Member in National Stock Exchange of India
 Ltd. 
 
 Registration as a Trading Member in Bombay Stock Exchange Ltd. in
 Wholesale Debt Market Segment
 
 Awards, Achievements and Certifications: 
 
  
 Our Company has received the 'Stock Market Award 2008' - Girnar
 Award, from the Bruhad Mumbai Gujarati 
 Samaj on January 22, 2009. 
 
 2012
 
 - Inventure Growth & Securities has allotted the Bonus in the Ratio
 of 3:1
 
 
 
Source : Dion Global Solutions Limited
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