| StockHolding Corporation of India Limited | |
| Type: | Public sector undertaking |
| Industry: | Stock market & Financial services |
| Foundation: | 1986, Mumbai |
| Location City: | Mumbai, Maharashtra |
| Area Served: | Custodial Services Depository Services E-stamping |
| Key People: | Shri Manoj Mittal (Non Executive Chairman) Shri Manoj Parida (COO) (Chief Operating Officer) Shri Vinay E. Purohit (Chief Financial Officer) Shri Shashikant L. Nayak (Company Secretary) |
| Services: | Depository participant Stockbroker Derivatives Mutual funds Demat account E-stamping[1] |
| Location Country: | India |
Stock Holding Corporation of India Limited (SHCIL) is an Indian custodian and depository participant, based in Navi Mumbai, Maharashtra.[2] SHCIL was established in 1986 as a public limited company and is a subsidiary of IFCI. It is also responsible for e-stamping system around India. It is also authorised by Reserve Bank of India as Agency Bank to distribute and receive Govt. of India savings/relief bond 2003 along with nationalized banks.
The Stock Holding Corporation has three subsidiaries:[3]
SHCIL has over 200 branches and in 141 cities around India.
SHCIL'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]
The main e-stamping facility was opened on 3 July 2008 in New Delhi, India and was inaugurated by Chief Minister Sheila 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 of Gujarat – Ahmedabad, Gandhinagar, Surat, Rajkot and Baroda – as well as Bangalore, in March 2008.
Stock Holding 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: