About Us

The Ashika Group entered the business of financial services in 1994 through the formation of its flagship Ashika Credit Capital Limited. In a sector marked by high mortality, the Group has survived and succeeded through a proactive investment in people, prudence, processes and practices.

The flagship of the Ashika Group is Ashika Credit Capital Limited, an RBI-registered non-deposit-taking non-banking financial company converted into a public limited company in 1996. The Company is engaged in fund-based activities - providing loans and advances, inter-corporate deposits, and loans against securities and investments in shares and securities.

Ashika Credit Capital Limited’s services are widely available for the benefit of individuals, corporate and financial institutions across India. The Company has been promoted by Mr. Pawan Jain and Mr. Daulat Jain, who possess a cumulative multi-decade experience in the Indian financial services industry.

View of Control Centre at ISTRAC, Bengaluru

The result is in the numbers

Started as a team of 10
is now a team of 200

Started as a handful of clients
is now more than 100,000 clients across India

Commenced as a local outfit now comprises a pan-India network of 400 Sub-brokers and Business Partner

Started as a fledgling business across a few locations now covers 600 locations across 20 states

Our Philosophy

For us, the bottom line has always been your trust.

We have always focused on providing the best service through passion and innovation. Long-term advantages to our clients and partners have been our strengths. We believe in cultivating relationships.

Detailed research, a high standard of delivery, a large basket of services and an intricate network of associates provide you with the perfect scope for growth.

Ashika has been a leading player for nearly two decades. Our chart of progress has been augmented through fair deal and ethical trade. An excellent track record will surely provide you with the added advantage in the financial market.

Our associates will benefit from Ashika’s infrastructure, reputation and marketing tools. With us, they would also find conducive environment to cultivate their entrepreneurial skills.

A climate of ethical professionalism, transparency and years of experience allow our stakeholders to climb the ladder of success. So why stay out when you can grow and prosper with us?

Ashika is a member of both the leading commodities exchanges of India: MCX and NCDEX Plus, you get the option to trade in NMCE, ICEX, ACEL & NSPOT. For the listed commodities please visit the home page of major exchanges’ website: MCX, NCDEX.

Our Team

Chirag Jain

Chief Executive Officer

Chirag Jain, C.A., is extremely passionate about promoting ideas and entrepreneurship. With a focus on scaling up ambitious enterprises, he has invested in multiple startups. He has over 8 Years of experience in Investment Banking, Private Equity, Venture Capital, M&A, Debt Syndication, Brokerage, Public Markets, and Asset Management. He is also committed to facilitate the growth and development of the underprivileged girl children in India and is a co-founder and managing trustee of Gyanada Foundation, which is an India based NGO that works towards providing better access to education to underprivileged girl children in India.

Chirag is a part of the World Economic Forum (WEF) backed group for young individuals called Global Shapers. He is an All India Rank holder Chartered Accountant from ICAI and holds Bachelor in Commerce (Honors) from St. Xavier’s College, Kolkata.

Paras Bothra

Chief Investment Officer

Mr. Paras Bothra completed his PGDBM from Wigan & Leigh College (UK) & B.Com (Hons) from Calcutta University.

He is at present the Chief Investment Officer of Ashika Investment Managers Pvt. Ltd. and manages "Ashika India Alpha Scheme Fund", a Category III AIF.

He has been with Ashika Group since 2005 and has vast experience of in-depth research in Indian equity markets. He is instrumental in setting up the equity research vertical at Ashika Group and has experience in heading Institutional research and Retail & HNI research.

He is quoted on various newswires and has represented the company on shows with ET Now, CNBC Awaaz, CNBC TV18, Zee Business, NDTV and on various other forums.

He is credited with initiation of "Ashika Monthly Insight", a monthly magazine on financial markets, which is widely read among investors and the business community.

Our Advisory Team

Dr. V. Anantha Nageswaran

Anantha-Nageswaran graduated with a Post-Graduate Diploma in Management (MBA) from the Indian Institute of Management, Ahmedabad in 1985. He obtained a doctoral degree in Finance from the University of Massachusetts in 1994 for his work on the empirical behaviour of exchange rates.

Between 1994 and 2004, he worked for Union Bank of Switzerland (now UBS) and for Credit Suisse in Switzerland and in Singapore. In July 2006, he joined Bank Julius Baer & Co. Ltd. in Singapore as the Head of Research for Asia. In March 2009, he was appointed as the Chief Investment Officer for the bank. For about seven years from July 2011, he was a writer, consultant and teacher.

He was Dean, IFMR Graduate School of Business (Krea University) from October 2018 to December 2019.

He is a member of the Board of Directors of several companies in India, including TVS Supply Chain Solutions (P) Limited and TVS Sri Chakra Ltd. In Singapore, he is a co-founder and member of the Board of Directors of NPS International School.

In October 2019, he was appointed as a part-time member to the Economic Advisory Council of the Prime Minister of India for a period of two years.

His co-authored books, ‘Economics of Derivatives’ and ‘Derivatives’ were published by the Cambridge University Press in March 2015 and October 2017 respectively. Another co-authored work, ‘Can India grow?’ has been published by Carnegie Endowment for International Peace in November 2016. ‘The rise of Finance: Causes, Consequences and Cures’ published by the Cambridge University Press is his most recent (co-authored) work.

He writes a weekly column for MINT, an Indian financial daily, on Tuesdays.