Ashika Global Securities Limited
(Formerly, Ashika Credit Capital Limited)

Your Financial Partner for Every Milestone

Trusted Since 1994

About Us

Ashika Global Securities Limited office and team workplace

Established in 1994, Ashika Global Securities Limited (“AGSL”) [formerly, Ashika Credit Capital Limited ("ACCL")] is a financial services institution with a longstanding presence in India's financial and capital markets ecosystem. Registered with the Reserve Bank of India ("RBI") as a Non-Deposit Taking Non-Banking Financial Company ("NBFC") under the Middle Layer category, the Company operates as an Investment and Credit Company ("ICC") and is engaged in carrying out diversified NBFC activities across India.

Since its inception, AGSL has consistently focused on building a strong foundation of financial discipline, governance and stakeholder trust. Originally incorporated as a private limited company in the State of West Bengal, the Company was subsequently converted into a public limited company in 1996, reflecting its strategic vision for expansion and institutional growth. In the year 2000, the Company further strengthened its corporate journey by becoming a listed entity.

The name of the Company has been changed from Ashika Credit Capital Limited to Ashika Global Securities Limited with effect from June 23, 2026.

Over the years, AGSL has steadily expanded its market presence and strengthened its position in the Indian financial services landscape. The equity shares of the Company commenced trading on BSE Limited in 2011 and in a significant milestone towards broader market accessibility and enhanced investor participation, the Company was granted trading permission from National Stock Exchange of India Limited in April 2026.

Presently, the equity shares of the Company are traded on both National Stock Exchange of India Limited and BSE Limited under the Symbol "ASHIKAG" and Scrip Code "543766", respectively. Through its growing presence and diversified financial capabilities, AGSL continues to remain committed towards delivering sustainable value, maintaining strong governance standards and strengthening long-term stakeholder confidence.

Board of Directors

Mr. Pawan Jain

Chairman

Mr. Pawan Jain is the Founder and Chairman of Ashika Group, one of India’s leading diversified financial services conglomerates. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and an alumnus of Harvard Business School.

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Mr. Pawan Jain

Chairman

Mr. Pawan Jain is the Founder and Chairman of Ashika Group, one of India’s leading diversified financial services conglomerates. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and an alumnus of Harvard Business School.

Mr Jain is a visionary entrepreneur and financial architect with over 35 years of sterling leadership in India’s financial services landscape. He has established Ashika Group as a trusted institution offering a wide range of services, including broking, corporate financing, investment banking, Asset Management, wealth management, AIFs, and advisory services to over 135,000 investor groups nationwide. Under his stewardship, Ashika Group has grown into an integrated financial institution with a reputation for transparency, integrity, and excellence.

His leadership is marked by a commitment to fostering an entrepreneurial and client-focused culture that emphasizes teamwork and results. Mr. Jain is also deeply committed to philanthropy and social welfare, serving as the founding chairman of Ashika Foundation, which supports underserved communities, and overseeing the Kanchan Devi Puran Mal Patni Charitable Trust, which provides financial assistance to various social causes. His dedication to corporate social responsibility reflects his belief in giving back to society.

Over the years, Mr. Jain has been honoured with numerous awards for his contributions to the financial sector and society at large, underscoring his role as a pioneer in the industry and his commitment to excellence.

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Director
2 Ashika Private Equity Advisors Private Limited Director
3 Ashika Capital Limited Director
4 Ashika Global Finance Private Limited Director
5 Ashika Properties Private Limited Director

Mr. Daulat Jain

Managing Director

Mr. Daulat Jain, Co-founder & Managing Director of Ashika Group of Companies, is a distinguished leader in India’s financial services sector. He presently serves as Managing Director of Ashika Global Securities Limited and Ashika Stock Services Limited.

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Mr. Daulat Jain

Managing Director

Mr. Daulat Jain, Co-founder & Managing Director of Ashika Group of Companies, is a distinguished leader in India’s financial services sector. He presently serves as Managing Director of Ashika Global Securities Limited and Ashika Stock Services Limited.

A Fellow Member of the Institute of Chartered Accountants of India (FCA) and a commerce graduate from Calcutta University (1994), Mr. Jain has over three decades of extensive experience spanning corporate finance, capital markets, commodity markets, debt syndication, depository services, investment banking, AIFs, taxation, and corporate law. His visionary leadership and sharp business acumen have been pivotal in shaping Ashika’s strategic direction, building a trusted franchise, and expanding the group’s diversified financial services.

Beyond his corporate responsibilities, Mr. Jain actively contributes to social and charitable initiatives and has held key positions in esteemed government and non-government bodies, including being an ex-member of the Zonal Railway User’s Consultative Committee, South Eastern Railway (Government of India).

Respected for his ethical business practices and commitment to sustainable growth, Mr. Jain continues to drive Ashika Group towards scaling new heights while fostering community development.

He serves as Member of Corporate Social Responsibility Committee, Audit Committee of Ashika Global Securities Limited. He also serves as member of Corporate Social Responsibility Committee of Ashika Stock Services Limited. He holds Directorship in Ashika Group Companies. He is the co-founder of Ashika Foundation, which is committed to supporting underserved communities and promoting social welfare initiatives. He also serves as Trustee of Kanchan Devi Puran Mal Patni Charitable Trust, which provides financial assistance and support to various social and charitable causes.

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Managing Director
2 Ashika Private Equity Advisors Private Limited Director
3 Ashika Global Wealth Services Private Limited Director
4 Ashika Global Insurance Advisors Private Limited Director
5 Ashika Stock Services Limited Managing Director
6 Ashika Stock Broking IFSC Private Limited Director
7 Ashika Capital Limited Director
8 Ashika Business Private Limited Director
9 Ashika Global Family Office Services Private Limited Director
10 Ashika Logistics Private Limited Director
11 Puja Sales Promotion Private Limited Director
12 Ashika Properties Private Limited Director

Mr. Chirag Jain

Executive Director & CEO

Mr. Chirag Jain serves as the Executive Director and Chief Executive Officer of Ashika Global Securities Limited. He has previously served as the Chief Executive Officer of Ashika Capital Limited, the investment banking arm of the Ashika Group — a diversified financial services firm with three decades of experience spanning asset management, stock broking, lending, and advisory services.

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Mr. Chirag Jain

Executive Director & CEO

Mr. Chirag Jain serves as the Executive Director and Chief Executive Officer of Ashika Global Securities Limited. He has previously served as the Chief Executive Officer of Ashika Capital Limited, the investment banking arm of the Ashika Group — a diversified financial services firm with three decades of experience spanning asset management, stock broking, lending, and advisory services.

Mr. Jain also heads Ashika Investment Managers Private Limited, the asset management arm of the Ashika Group, which manages Category II and Category III Alternative Investment Funds (AIFs).

He is an active angel investor with investments across multiple high-growth startups and funds. Beyond his work in financial services, Mr. Jain was the Founding Managing Trustee of the Gyanada Foundation, an initiative dedicated to the education of girls and to computer literacy. He is also a member of the Young Presidents’ Organization (YPO).

Mr. Jain is an All-India Rank holder Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) and holds a Bachelor’s degree in Commerce (Honours) from St. Xavier’s College, Kolkata.

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Executive Director & CEO
2 Ashika Private Equity Advisors Private Limited Director
3 Ashika Investment Managers Private Limited Director
4 Ashika Capital Limited Director
5 FS Ashikaventures IFSC Private Limited Director

Independent and Non Executive Directors

Mr. Amit Jain

Non Executive Director

Mr. Amit Jain

Non Executive Director

Mr. Amit Jain is the Non-Executive Director of Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited). He is an Associate Member of the Institute of Chartered Accountants of India having expertise, versatile knowledge and experience of more than 23 years in the fields of Broking, Retail Marketing, Distribution, Finance, Accounts, Taxation, Audit, etc. He is associated with Ashika Group since 2003 and his vast experience has always steered the company to achieve a high degree of corporate governance and has set standards in reporting and presenting the financial affairs of the organization. Mr. Jain is a team player and an asset to the company. He had served as Chief Financial Officer of Ashika Group for more than 16 years, i.e. 2003 to 2019.

He is also Executive Director and is heading Retail Marketing and Distribution Division of Ashika Stock Broking Limited.

At Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited), he is member of Nomination & Remuneration Committee, Risk Management Committee and Corporate Social Responsibility Committee.

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Director
2 Ashika Stock Services Limited Executive Director & CFO
3 Ashika Global Wealth Services Private Limited Director
4 Ashika Global Insurance Advisors Private Limited Director
5 Ashika Stock Broking IFSC Private Limited Director
6 Ashika Business Private Limited Director
7 Ashika Global Family Office Services Private Limited Director
8 Ashika Global Finance Private Limited Director
9 Puja Sales Promotion Private Limited Director
10 Ashika Logistics Private Limited Director

Mr. Ajay Pratapray Shanghavi

Independent Director

Mr. Ajay Pratapray Shanghavi

Independent Director

Mr. Ajay Pratapray Shanghavi is the Independent Director of Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited). He is an MBA, Mechanical Engineer, Production Engineer and Polytechnic, Foundry Technology. He is a dedicated and results-driven professional with over 38 years of hands-on experience in leading and expansion of various medium and large-scale companies in industries such as engineering, manufacturing, packaging, IT, ITES, EdTech, financial services, media and entertainment, etc.

He has been on the board of over 30 companies encompassing different industries and gained in-depth exposure to Corporate Management, Taxation, Litigation, Arbitration, Labour Management, Union Management and Business Development. He has specialised in setting up greenfield projects, business acquisition, managing businesses at corporate level, arranging funding through equity and debt, restructuring of companies, amalgamation of companies, audit and compliance. His core competence areas are corporate strategy, business growth plans and strategy, HR strategy, managing board meetings and annual general meetings of listed and unlisted companies, passion and knowledge in incubation of businesses as well as development of new products and markets.

He is Chairperson of Audit committee, Nomination & Remuneration Committee, Corporate Social Responsibility Committee and member of Stakeholder’s Relationship Committee and Risk Management Committee at Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited).

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Integra Capital Limited Independent Director
2 Responsive Industries Limited Independent Director
3 Ashika Global Securities Limited Independent Director
4 Aiverbalyze Technologies Private Limited Director
5 Neo Wheels Limited (CN) Independent Director
6 Pavim Marketing & Management Private Limited Director
7 Randhawa Construction Private Limited Director
8 Global Emerging Markets India Limited Director
9 Patina Designs Private Limited Director

Mr. Pravin Kutumbe

Independent Director

Mr. Pravin Kutumbe

Independent Director

Mr. Pravin Kutumbe is a seasoned Chartered Accountant and results-driven finance leader, boasting over 35 years of experience in driving business growth through strategic financial planning, taxation, and insurance expertise.

His core strengths include:

  • Exceptional analytical and problem-solving skills
  • Strong collaborative and time management abilities

Notably, he has spent over three decades at LIC, holding key positions such as CFO, CIO, and others. Additionally, he has served as a Board member of IRDAI for three years, overseeing finance, investment, enforcement, and supervisory functions, as well as drafting regulations and guidelines. His past association with renowned companies includes State Bank of India, Tata Power, Stock Holding Corporation of India, Stock Holding Services Limited.

He is the Chairperson of Stakeholder’s Relationship Committee and Member of Audit Committee at Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited).

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Independent Director
2 SBI DFHI Limited Independent Director
3 Aditya Birla Sun Life Trustee Private Limited Independent Director
4 CTL Fund Services Private Limited Independent Director
5 Catalyst Trusteeship Limited Independent Director
6 SBI General Insurance Company Limited Independent Director
7 Pramerica Life Insurance Limited Independent Director

Mr. Supratim Bandyopadhyay

Independent Director

Mr. Supratim Bandyopadhyay

Independent Director

Mr. Supratim Bandyopadhyay, a Member of the Institute of Chartered Accountant, has vast experience in the field of Insurance, Finance, Investments and Debt operations. He is Board member at Aditya Birla Sunlife AMC, Canara HSBC Life Insurance Co Limited, Life Insurance Corporation (International) B.S.C. (c), LIC International, Bahrain (B,SC)(c).

Mr. Bandyopadhyay earlier served as Chairman of Pension Fund Regulatory and Development Authority (PFRDA) for a period of three years from January 2020 to January 2023 and prior to this he was the Whole Time Member (Finance) of PFRDA for two years. During his tenure with PFRDA, the AUM of PFRDA increased almost 4 folds to ₹9 trillion. He held the position of Managing Director & Chief Executive Officer at LIC Pension Fund managing entire operations of LIC Pension Fund from April 14 — January 18. Before LIC Pension Fund, he also served Life Insurance Corporation of India (LIC), the largest Insurance Company of India for a period of more than three and half decades. During his tenure at LIC, he worked in various capacities heading two large divisions apart from being Chief (Investment) & Executive Director (Investment).

He is Member of Nomination & Remuneration Committee at Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited).

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Independent Director
2 Insecticides (India) Limited Independent Director
3 Canara Hsbc Life Insurance Company Limited Independent Director
4 Aditya Birla Sun Life AMC Limited Independent Director
5 Finlabs India Private Limited Director
6 Axis Pension Fund Management Limited Independent Director
7 MFC Technologies Private Limited Director
8 India Mortgage Guarantee Corporation Private Limited Independent Director

Ms. Pinki Kedia

Independent Director

Ms. Pinki Kedia

Independent Director

CA Pinki Kedia is a visionary leader with a distinguished career spanning over 25 years as a practicing Chartered Accountant. She is a qualified DISA, LLB, and Senior Founder Partner at Kedia Singhania & Co., with experience working with renowned firms on audit and tax matters.

Beyond her professional accomplishments, CA Kedia Pinki is passionate about serving the profession. She has been an active Regional Council Member of WIRC of ICAI since 2022 and has held various key positions in WIRC committees, including Treasurer (2024-2025). She has been chairperson for WICASA, setting a world record for the largest Human Mosaic (Dec 23), achieving the highest participation in the National Conference of CA Students, and contributing to WIRC publications.

CA Kedia Pinki is also committed to giving back to society. She initiated the Swachh Bharat Jagrukta Abhiyan and Project “Rahe Hum Savdhan” and has been recognized with prestigious awards, including the Maharashtra Nariratna in 2016 and the Women CA Achiever in 2022.

Looking ahead, CA Kedia Pinki aims to enhance professional opportunities, particularly with state government and local authorities. She is dedicated to empowering small and medium practitioners, young and women CA members through webcasts and training programs.

In addition to her professional pursuits, CA Kedia Pinki is a member of the RVG Education Foundation and has held key positions in the Lions Club of Mumbai Game Changer and International Vaish Foundation. She currently serves as President of the Women Wing of International Vaish Foundation, Maharashtra Region.

She is Member of Audit Committee and Stakeholder’s Relationship Committee at Ashika Global Securities Limited (Formerly, Ashika Credit Capital Limited).

Directorship and full-time positions

Directorship and full-time positions

Sl No Name of Company Designation
1 Ashika Global Securities Limited Independent Director
2 Ekansh Concepts Limited Independent Director
3 Readymix Construction Machinery Limited Independent Director
4 SSKP Finsol Private Limited Director

Key Managerial Personnel

Mr. Gaurav Jain

Chief Financial Officer

Ms. Anju Mundhra

Company Secretary & Compliance Officer