Indiabulls Securities Ltd is India's leading capital markets company with All-India Presence and an extensive client base. The company is engaged in the securities brokerage industry. They provide range of services to their clients in securities brokerage, including equities, commodities, wholesale debt, futures and options, depositary services, research services, insurance, initial public offering (IPO), and mutual fund distribution. They have a pan India presence with a network of 123 branches spread across 70 cities. The company's primary business activity is to carry on business of stock and share broker on National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd, and other related ancillary services. They are a depositary participant with the National Securities Depository Ltd (NSDL) and Central Depository Services (India) Ltd (CDSL) for settlement of dematerialized shares. They perform clearing services for all securities and commodities transactions. The company is the first and only brokerage house in India to be assigned the highest rating BQ-1 by CRISIL. They possesses state of the art trading platform, best broking practices and is the pioneer in trading product innovations. Power Indiabulls, in-house trading platform, is one of the fastest and most efficient trading platforms in the country. Their subsidiaries include Indiabulls Commodities Limited, Devata Tradelink Ltd, Indiabulls Distribution Services Ltd and Indiabulls Brokerage Ltd. Indiabulls Securities Ltd was incorporated on June 9, 1995 as a private limited company with the name GPF Securities Pvt Ltd. The name of the company was changed to Orbis Securities Pvt Ltd on December 15, 1995 to change the profile of the company and subsequently due to the conversion of the company into a public limited company, the name was further changed to Orbis Securities Ltd on January 5, 2004. The name of the company was again changed to Indiabulls Securities Ltd on February 16, 2004 so as to capitalize on the brand image of the term 'Indiabulls' in the company name. During the year 2007-08, pursuant to a court approved composite scheme of arrangement inter-alia between the company, Indiabulls Financial Services Ltd and Indiabulls Credit Services Ltd and their respective shareholders and creditors, the securities broking and advisory business of Indiabulls Financial Services Ltd comprising of business providing advisory business with respect to risk management, equity analysis and securities data management, securities brokerage including equities, wholesale debt, futures and options, depository services, research services, mutual fund and IPO distribution its clients which Indiabulls Financial Services Ltd carries on by itself and through their subsidiaries including the company, a registered member of the BSE and NSE and Indiabulls Commodities Pvt Ltd which is a member of National Commodities Derivatives Exchange of India and Multi Commodity Exchange and operates the business of an intermediary for trading in securities and derivatives was transferred by the way of de-merger and vested with the company. The de-merger of Indiabulls Securities Ltd was effective form December 24, 2007. As per the scheme, every shareholder of Indiabulls Financial Services Ltd as on January 8, 2007, received a share of Indiabulls Securities Ltd. In January 9, 2008, the company incorporated Devata Tradelink Ltd as a subsidiary company. The equity shares of the company were listed on National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd with effect from April 2, 2008 and GDRs were listed on Luxembourg Stock Exchange with effect from July 16, 2008. During the year 2008-09, the company formed wholly owned subsidiary company namely Indiabulls Brokerage Ltd. During the year 2009-10, the company formed a wholly owned subsidiary company, namely, Indiabulls Distribution Services Ltd. They opened 58,224 new equity trading accounts during the year. Also, they added 8,612 new trading accounts for commodities during the year. In December 2009, they created a full fledged division for institutional sales. The company is focused on building a long term stable business with emphasis on retail brokerage that does not rely on highly-leveraged trading clients. Their position will be further strengthened by the set-up of their Institutional Equity business and their future foray into Portfolio Management, Wealth Management and Investment Banking.