AGSL was incorporated in 1986, in Mumbai, as Ajmera Financials and Project Consultants Pvt. Ltd with the object of consulting entrepreneurs and established companies in new projects and raising financial resources. The Company went public in January 1995 and its public issue was oversubscribed by over 25 times demonstrating the faith and confidence the investment community reposed in the Company. The Company is a member of National Stock Exchange for cash & F & O. The Company is also a member of OTC Exchange of India Ltd., M.P. Stock Exchange and is a depository participant of CDSL. The principal business of the company includes, Stock Broking, Corporate Advisory Services, Project Consultancy & Depository Services The Company has successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crores. It is empanelled with L.I.C, UTI, Canara Bank, Canbank Mutual, PNB, Andhra Bank, Bank of India, OBC, Bank of Baroda, Syndicate Bank, Uco Bank, United Western Bank SIDBI, Bank of Rajasthan, Taurus Mutual Fund, Vijaya Bank, Central Bank of India and host of other banks and mutual funds for their secondary market operations on the capital market segment of NSE. Ajcon Commodity Brokers Limited, is a 89% subsidiary of AGSL and is a member of the Multi Commodity Exchange (MCX) and is engaged into Commodity Broking. Ajcon IT.Com is into providing IT solutions to Corporates and Individuals. The Company has developed its own MLM software which is among the top 10 MLM softwares available in the market. There is a huge demand for this software in Indian and overseas market and sale of this software is generating high revenues for the Company. The Company specializes in web designing and development, business portals and has its own business portals and has more than 300 clients. Ajcon Infra Projects P. Ltd. - The Company has recently taken up construction and infra structure related activities and has acquired land at Goa admeasuring 8,243 sq mtrs. The Company plans to develop hotels, resorts and residential row houses on this land in the next year. The Company also holds about 3% shares in AGSL. Ajmera & Associates is a Chartered Accountancy firm engaged mainly in Bank audits.