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History of Almondz Capital and Management Services Ltd.

ALLIANZ CAPITAL and MANAGEMENT SERVICES LIMITED, was incorporated as a Private Limited Comp. on 30th September, 1991 under the name of Ashtan Capital and Management Services Private Limited. It was converted into a Public Limited Comp. on 16th May, 1992 & the name was changed to ALLIANZ CAPITAL and MANAGEMENT SERVICES LIMITED on 5th November 1992.

The Comp. is a Category-I Merchant Banker registered with the Securities & Exchange Board of India [SEBIs]. The Comp. is also registered with the Reserve Bank of India [RBIs] as a Non-Banking Financial Comp. vide their letter no DFC.ND.NO.41054/05.1.1.0883/94-95 dated November 17, 1994. The Comp. made a maiden Public Issue of its Equity Shares in February, 1994 & is presently listed on Delhi and Bombay Stock Exchanges.

The Comp. is the brainchild of Mr. Ashwajit Singh, a Chartered Accountant & qualified Comp. Secretary [Gold Medalists]. He has also done his Masters in MIS from the London School of Economics, U.K. & is a Certified Internal Auditor from U.S.A. He is assisted by a team of professionals comprising of Chartered Accountants, M.B.A., Comp. Secretaries, Cost Accountants & Software Professionals.

The Comp. had started its business operations in 1990 with Project Advisory services & has presently grown to become an integrated financial services Comp. providing a range of financial services like Merchant Banking, Corporate Finance [comprising Leasing, Bill Discounting & Inter-Corporate Depositss], Money Market Operations, Equity Research, Consumer Finance, Project Advisory & Fixed Deposit. The Comp. has got young, dynamic & professional manpower & experienced & eminent Board of Directors. The Comp. has its Registered & Corporate office at New Delhi, & branch offices at Bombay, Madras & Chandigarh.

2000 - Crisil has suspended the ratings assigned to the fixed deposit programmes of Allianz Capital & Management Services Ltd, BCL Financial Services limited & Aravali Securities & Finance Ltd.

2006

-llianz Capital and Management Services Ltd has informed that Mr Samir Chhabra has resigned from the directorship of Comp. w.e.f. October 05, 2006.

2007

-Allianz Capital and Management Services Ltd has informed that the name of Comp. has been changed from 'Allianz Capital and Management Services Ltd' to 'Almondz Capital and Management Services Ltd' w.e.f. May 22, 2007, in accordance with the Fresh Certificate of Incorporation received from the Registrar of Companies, NCT of Delhi and Haryana, consequent upon change of name of Company.

2008

-Almondz Capital and Management Services Ltd has appointed Mr. Shiam Sunder Lal Gupta as the Additional Director of Company.