StockHolding Corporation of India

Stock Holding Corporation of India Limited (StockHolding) is an Indian custodian and depository participant, based in Mumbai, Maharashtra.^[2] StockHolding was established in 1986 as a public limited company and is a subsidiary of IFCI. StockHolding became a subsidiary of IFCI Limited on April 7, 2015, which is a Government Company. Being a subsidiary of a Government Company, StockHolding and its subsidiaries are also Government Companies. It is also responsible for the e-Stamping system around India. It is authorized by the Reserve Bank of India as an Agency Bank to distribute and receive Govt. of India savings/relief bond 2003 along with nationalized banks.^[1]

StockHolding Corporation of India Limited

Company type	Public sector undertaking
Industry	Stock market & Financial services
Founded	1986, Mumbai
Headquarters	Mumbai, Maharashtra , India
Area served	Custodial Services Depository Services E-stamping
Key people	Shri Atul Saxena (Managing Director & CEO) Shri Manoj Parida (COO) (Chief Operating Officer) Shri Vinay E. Purohit (Chief Financial Officer)
Services	Depository participant Stockbroker Derivatives Mutual funds Demat account E-stamping[1]
Website	www.stockholding.com

On November 22, 2024 IFCI Limited approved the merger of Stockholding Corporation of India Limited with IFCI Limited, in accordance with the recommendation of the Ministry of Finance, Ministry of Finance Government of India, as outlined in letter F.No.2/22/2016-IF-1 dated November 22, 2024. The National Stock Exchange (NSE) issued a letter (No. IFCI/CS/2024-788), and the Bombay Stock Exchange (BSE) issued a letter (No. IFCI/CS/2024-787) in this regard.

Corporate structure

The Stock Holding Corporation has three subsidiaries:^[3]

• Stockholding Services Ltd (stock brokering services)
• StockHolding Document Management Services Limited (provides end-to-end document storage and digitization services)
• StockHolding Securities IFSC Limited (A SEBI registered intermediary operating out of GIFT IFSC, Gandhinagar, Gujarat, and catering to Eligible Foreign Investors (EFIs), FPIs and NRIs from FATF compliant jurisdictions as of now)

Operations

Domestic presence

StockHolding has over 200 branches and in 141 cities around India.

GIFT IFSC presence

StockHolding'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][when?]

E-Stamping

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.

Products and services

StockHolding offers numerous financial services along three main branches: personal, corporate and custodial services.

Personal services

Some of the personal services they offer include:

• Demat Account
• Insurance
• Mutual Funds
• National Pension System (Retirement)
• GOI Bonds (Government of India)
• IPOs

Gold Rush

A platform that allows users to buy gold online and is one of the only two ways to do so in India.^[5]

Corporate services

• Demat services for business
• CSGL services (government bonds)
• Trading accounts
• NPS accounts

Custodial services

Custodial services include any safekeeping, administration, transaction and further activities done on behalf of a company by its custodian, and include:

• Fund accounting
• FDI (Foreign Direct Investment)
• Company Valuation
• Vaults
• Customized Reporting
• Electronic and Physical Safekeeping Services
• Clearing and Settlement Services